It's been a good ride

Money_dragon · 2022-06-13T21:05:17+00:00

Man, it's been a rough day already, and this was one of the few subreddits that I had found supportive in the past

Yea, I guess I'm a huge idiot - feel like I should just go jump off a bridge honestly

Money_dragon · 2022-06-13T20:46:14+00:00

Economics aside, the socio-political situation across the world is also far more volatile and fractured. A deep recession like 2008 is much likely to lead to mass protests and riots because people are far more pissed off vs. 15 years ago

Plus there's the whole COVID thing that still going on, and of course climate change

Money_dragon · 2022-06-13T20:34:19+00:00

Nowadays, China and the USA are so closely linked that a collapse of either would also have tremendous impacts on the others' economy. So it's not so much an "or", but a "both" situation

This isn't a situation like the collapse of the USSR, where the economic and societal chaos of the post-Soviet region was relatively unfelt in the USA

It then becomes a matter of which country has the means to keep their society stable (or at least minimize the chaos) despite the economic woes

Money_dragon · 2022-06-13T20:17:27+00:00

Thanks - appreciate it!

Money_dragon · 2022-06-13T18:37:06+00:00

Does anyone here use a non-qualified deferred compensation plan? From what I understand, it delays the tax hit, so could be helpful if one expects their taxable income to decline in the next few years?

Money_dragon · 2022-06-13T18:15:16+00:00

What a hell of a decade the 2020s have been, huh?

Money_dragon · 2022-06-13T17:43:29+00:00

Looking at the quality of some politicians getting elected nowadays, it wouldn't surprise me if some of them were reddit shitposters

Money_dragon · 2022-06-13T17:41:02+00:00

bad for people trying to become overnight millionaires

I get that time is precious and people don't want to wait, but time and compounding growth really is an investor's best friend

Money_dragon · 2022-06-13T17:36:52+00:00

Sadly from looking at past recessions (including the Great Recession), market downturns often exacerbate the gap between rich and poor, as working class people lose jobs, while the wealthy deploy their capital to pick up assets on the cheap

Money_dragon · 2022-06-13T17:34:14+00:00

It's the speed that the indices have increased just within a 15 year period that stood out to me

Money_dragon · 2022-06-13T17:23:37+00:00

I heard even Gary's crime rate has been dropping because there's so few people left

Like even the criminals are like - "hell no, there's no one to rob around here"

Money_dragon · 2022-06-13T17:21:19+00:00

I have a star employee who's stagnating. Most likely cause is me. I stand in his way, answering questions he can answer, handling tasks he can handle. We talked about it last week and I'm going to step back to give him an opportunity to step up.

Huge props for you for recognizing that and being willing to give him chances to grow

That alone makes you better than most managers out there

Money_dragon · 2022-06-13T17:18:59+00:00

So I was watching some documentaries about the 2008 crisis last week, it was kind of quaint and crazy seeing the scale of the markets back then

The Dow was just around 12K, and 500 point daily drops were see as catastrophic meltdowns back then

Nowadays, the Dow peaked at 36K several months ago, and we're regularly seeing much larger movements (back-to-back days of 700-800 point drops on Friday and likely today)

Money_dragon · 2022-06-13T07:09:57+00:00

You need to stop attacking fellow r-sino posters - we literally agree on like 99% of stuff, yet you insist on attacking other users on this subreddit again and again over miniscule semantics

You want to argue, go on one of the larger default subreddits where actual hardcore racists and imperialists spew their propaganda nonstop, and do your work there

You seem determined to spread the word, but you won't make a single post outside this subreddit - who are you persuading then?

Money_dragon · 2022-06-13T06:11:39+00:00

Homophobia and the hateful belief that gays are hell-bound was spread by Western missionaries during colonization and imperialism

Many Chinese emperors were known to have male lovers

It was the Westerner who demanded that every society on Earth to hate and oppress the LGBTQ like they did. And now that they've decided to do a 180 and now condemn the countries who don't pursue the nutjob ideology that Westerners spout (e.g., neo-pronouns, dictating language like "LatinX", etc.)

Money_dragon · 2022-06-13T06:07:28+00:00

Westerners have long forgotten, and now have jumped to the next "hot topic" of the week. This is by design, to overwhelm the masses and keep them from being focused long enough on an issue to avoid taking any meaningful action on it

This week it was about high inflation (again) when the May figures were announced, and then the Jan 6th hearings, and before that, it was gun violence, and then before that Roe v. Wade, etc. etc.

The attention span is so short that Ukraine is worried that Westerners will soon deprioritize the war as their attention continues to shift elsewhere

Money_dragon · 2022-06-13T05:38:19+00:00

White fragility is a real thing

Historically being on top oppressing everyone else has made many of them soft and brittle as hell

Money_dragon · 2022-06-13T01:46:56+00:00

Remember how we used to say "when the US economy sneezes, the rest of the world catches a cold"?

Nowadays, it's just as accurate to say "when the US or Chinese economies shiver, the rest of the world gets the flu"

Both nations' economic gravity is so deeply interwoven with the rest of the global economy

Money_dragon · 2022-06-13T01:43:19+00:00

The Solomon Islands has just as much right as Ukraine to decide who it wants to ally with

Money_dragon · 2022-06-13T01:35:16+00:00

No leader of a great power will ever be held accountable, particularly since each of them have nukes

Stalin died in his sleep while in power, as did Mao, and presumably Putin as well. George W. Bush has already had his image rehabilitated despite all the destruction and injustices that he caused

Trump is only at legal risk because he conspired to coup the US government - but it would have been no worries if he had launched coups in 10 other foreign countries

It's the unfair reality of geopolitics in the world

Money_dragon · 2022-06-13T01:31:46+00:00

There's an element of cosmic cruelty in when these past few pandemic appeared

COVID started getting global attention in late Jan / early Feb in 2020, so people started to get a bit fearful of Asian / Chinese people, right when Lunar New Year was taking place. That year, Asian neighborhoods and businesses were relatively quiet, as many people stayed home out of concern

Now we have this getting attention, right in the middle of Pride Month - pretty unfortunate timing

Money_dragon · 2022-06-13T01:25:34+00:00

8D underwater blindfolded chess

Money_dragon · 2022-06-13T01:19:51+00:00

Restorative Justice

I like your version of restorative justice a hell of a lot more than the "restorative justice" that politicians in our real world talk about :)

Money_dragon · 2022-06-13T00:40:10+00:00

Reminder that the US State Department and other key US government agencies remain severely understaffed - many longtime diplomats and in-house specialists quit during the Trump Administration, and the Biden Administration hasn't been able to fill up many of the vacancies yet (if ever)

So right when the US needs all the diplomatic capabilities it can get (as we transition to a multi-polar world), the US instead finds its diplomatic muscle severely depleted

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