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i think it either sparks growth and change or catastrophic failure. like the alcohol, drug, and suicide rates in the Rust Belt when all the jobs went etc
is that one of those little micro pods that people in Hk are already living? i forget the dystopia is already real and here for a lot of people
after a dip, would you retrain in another field?
if your mind is strong, you can bounce back, most people lose their minds tho and go off the rails for a while
i ddint pay much attention to that, i say the usual crash headlines, but i mean, for over 10 years people have known to not store their weath on a cex, and yet they always do
maybe you should start a business teaching chinese characters to people as a form of anti aging brain training.
it's the sort of thing that is so hard, that i think it qualifies.
i think about learning painting and chinese chars when im 60 just to blast my brain
the left has basically gone mad, not sure when it happened, but they have been off the rails a long time.
Like, I always find it funny how lib women with spend all day bashing the patriarchy and white men, and they never say shit about the women in Iran getting stoned to death for not wearing, basically, a scarf. It's like, if you want to wage war for women's rights, there are some excellent places to start.
Perhaps the epitome of this is a group called gays for Palestine. It's like, guys, if any of you set foot in a place like Palestine, you would be murdered almost instantly
Random, i love how Solomon now follows all your posts by saying you are an Icelandic welfare recipient lol
problem is, once anyone has been given any kind of benefit, and they're a voter, politicians never take it away and we just get sucked into the socialist abyss.
Like PIP, that wasn't even a thing when i was growing up, and now you have teenagers on it because they have anxiety; it's a total joke, and it will never be taken away because the woke crowd will kick off.
But if they can't abolish most of the benefits, the least they could do is stop making it so financially hard to start small businesses, but they won't do that either because they're constantly looking for any bit of money they can squeeze.
Make Uk so attractive to invest and do business and try things so we grow our way out.
course, it's not going to happen, but that's my thoughts
that's pretty insane, i get not panic selling and, after btc, that concept is pretty well ingrained in me, but if a person was already retired and living off that income, they're screwed no? like wham, -70%
how do index funds work in this case, do they just rebalance themselvs and then prey you can withstand the drawdown
Lube up , because it's going to be rough, if I had a son I would say maybe consider being an electrician or plumber.
One thing that will still be around is force of personality, if they can start doing things on youtube and can share their passions, maybe they can attract eyeballs to what they are doing, and if you have eyeballs and attention, you can do anything.
Try to develop a good friend network to help each other get on new opportunities as they pop up.
Sales will probably still be a thing. I work for an agency, and it's all indians and AI doing the work on the back end, but on the front, it's two white guys whispering sweet nothings to other whites over the phone and getting money out of them.
Things are changing so fast now that's probably best to avoid thinking about one specific field; think about the passions and skills they have, develop them, teach them financial literacy, good communication, good health habits, and auxiliary skills that also help a person in life.
the average person was just born, got a job, probably did that job for life and then retired, without so much as a thought in the world. had a kid and house at 25 just like everyone else, i dont think that makes them bad, they did what they all did
the govs of the world though, they're the ones who made these sytems and who could make policies to change things, except they dont
Expecting the boomers to give up their SS , would be like expecting people to pay in the socialist restaurant; some would, most won't. Self-interest and preservation are the prime drivers for most humans.
Boomers played the game the system told them to, and largely won, people cranking out babies, jobs galore, powerful currency, still on a nominal gold standard, not in fiat clown world. Maybe they were born in the luckist time in history and thought that's just how the world is.
Younger people now are also trying to do the right things, but the whole fiat system and demographics have fucked them, and now AI is ass-pounding them as well. Bad timing basically, 4th turning bad.
If btc goes parabolic in the future , then us current stackers will be hated i expect
What boomers are usually guilty of is failing to understand that young people live in a different world and that the reason they can't get a mortgage is not that they are constantly eating avocado toast etc
The tone-deafness and self-righteousness is really what makes it easy to rag on them
i would say, generally, yes.
Any event can be interpreted as good or bad, but usually it's the hard and unpleasant situations that force a change. when things are good, it's not as conducive to growth for most, although a person can still choose to do things that also force growth, it's just most people don't.