• 1 Post
  • 611 Comments
Joined 2 years ago
cake
Cake day: January 22nd, 2024

help-circle


  • I have a colleague who invested in Palantir. I mentioned to him of the controversy with the company but he just shrugged it since he made some money before selling the shares. I don’t really pass judgement on many those who invest in unethical companies simply because the old fashioned way of working and saving simply doesn’t cut it anymore. The older generations could party and travel in their twenty’s, and buy a house and have family in their thirty’s. The younger generation can’t really do that anymore.

    I also do investing and I realised that it’s hard to be ethical under a capitalist system. There are index funds I want to invest in because of lower initial investment requirement, but I don’t like the companies listed in those funds. And thus I have to individually invest in companies I like, but I have little gains because my capital is spread out across various equities.






  • We laugh at this, but the older generations still remember when the mortgage interest was this high. I don’t know where you guys are from, but there is an old news reel from the 1970s here in Ireland when young families at the time complained of “high” house prices of up to 72,000 pounds, with mortgage interest of 14%. The folks on social media had their jaws dropped on learning of how high the interest rate was, but how cheap the overall property value was back then. Now how much are those said houses at the moment? They are now worth between €690,000 to €1.5 million. High valuation but the interest rate is down in proportion. In any case, only few could afford to buy houses these days due to inflation and wages haven’t kept up with it.








  • The FBI only put a bulletin warning that masked individuals might be pretending to be government agents, just now? After nine months of terrorism? How is this not seen as authoritarian move? This is like with any full blown authoritarian states where the dear leader says something vague tantamount to directing a purge. And when enough people were purged, the dear leader would then say that his goons had gone too far from his original intent and order them to stop. This is not the first time America did something similar; the red scare and the McCarthy’s communist witch hunts went on long enough to tarnish people’s reputation, before Harry Truman made a speech calling out what is happening as unfair to people whose reputations were ruined. The powers-that-be know what the heck their doing and the last minute “call to sanity” is to white wash their deliberate intentions.