Joel3102

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Posts posted by Joel3102

  1. Posted · Edited by Joel3102

    I watched this whole thing, complete shitshow.

    it wasn’t really a socialism vs capitalism debate. It was more a debate about the nuances of what standard you should hold your personal actions in the real world in relation to your socialist ideals. Interestingly, even Vaush doesn’t believe it’s wrong as a socialist to employ workers or be a landlord 

  14. Posted

    4 hours ago, Emerald said:

    And Clinton, Bush, Obama, and Trump all continued the offensive regime change wars and toppled so many foreign governments. And they support these wars because they were all getting donations to their Super PACs by lobbyists who work for the Military Industrial Complex.

    And both Democrats and Republicans are in the pockets of their donors... as is anyone who gets bribes from people. There's an automatic conflict of interest when there are bribes as, of course, those billionaire donors want things from those politicians in exchange for their financial support. And you can go online and look up which politicians are taking money from which industries and corporations. It's public record.

     

     

    On the issue of war in particular, Democrats are still pretty bad (albeit better than Republicans). Both parties support US hegemony around the world and meddling in other countries affairs. Obama even killed way more people via drone strikes than Bush. Hillary Clinton supported the overthrow of Gaddafi which fucked Libya even harder. Both parties are bought out by the Israeli lobby and don't do SHIT to stop the Israeli's from expanding settlements in the Westbank and stealing their land. Yes the Republicans are worse, but both sides should be called out. Unfortunately, the average voter doesn't give a fuck about foreign policy. 

  17. Posted

    41 minutes ago, StarStruck said:

    I have crypto just because there is no better option. I don't want all of my money in fiat currency. It is either fuck or get fucked. Sometimes there is no in between.

    Stocks tend to protect against inflation as well as they move in line with inflation. There hasn’t been a 10 year period in stock market history where you would have lost money in a fully diversified market portfolio.

  18. Posted

    15 hours ago, LfcCharlie4 said:

     

    @Joel3102  Yeah, I basically thought the same as you, and don't see trading as thieving? 

     

     

    Nah I don’t really see it as thieving, depending on what you’re specifically trading.  One person wants to sell stock in a given moment and one person wants to buy.

    Although I wouldn’t recommend day trading however. There’s better things to do. Also most traders probably make less return than just investing in the S&P500. I personally only passively invest in ETFs. It’s the safest option and generally outperforms most people who try to “pick” stocks 

  19. Posted

    The speculation of Wall St and that whole world definitely can create problems and cause damage, so it needs to be properly regulated (GFC, for example).

    The main value that day traders and these large algorithm softwares in the market play is that they provide liquidity in the market so it’s efficient and reflects asset values correctly. Ironically, without any dedicated algorithms to detect arbitrage in the market (which is essentially free money), there would be such inefficiencies and opportunity for arbitrage which could mean massive amounts of money made just because one person was in the right place at the right time, and insider trading would be much easier. 

  20. Posted

    On 25/12/2020 at 1:48 AM, Progress said:

    On a general note, not related to you specifically but it seems that the Actualized.org community applies idealistic models of personal development such as Maslow's hierarchy and a general push for "green stage" ideals into economics. Now this is all great and all, but it seems few people are actually doing their due diligence on how the economy actually works. Reform is indeed needed in capitalism but I caution against supporting policies that simply seem like "green stage", it doesn't mean it'll work. Any wrong major decision involving the economy can send millions into poverty and stir chaos. That being said, I believe if we are committed to the principals of actualization, the actualized.org community should make stronger strives in understanding economics if we are to impose policies and ideals.

    I couldn't agree more. Whilst fully onboard with the ideals of stage green, as somebody who's studied economics and knows finance, some of the stuff I'm reading with regards to policy prescriptions is super cringe.... This is part of the reason why progressives are deemed economically illiterate, because without grounding your higher ideals in real economic analysis, you're opening up yourself to picked apart by simplistic ideas that might not actually work.  A smart and intelligent leftward shift is what is needed.

    For example rent control or protectionist policies. They sound good on the surface, but no serious economists support them (even left ones) because they simply don't work and do more harm than good.

  21. Posted

    I was extremely shy in high school, so when I got to uni I decided to join a lot of the party clubs/committees etc and get involved in campus culture (no frats in Australia but similar shit). A bit like Aurum, it was one of the best decision I ever made. Having been so introverted in high school I was able to loosen up and expand my confidence and social skills massively.  Yes, there’s was a lot of bullshit like drinking and all that, but I got it out of my system during the years of 18-21 and now I don’t really feel like I missed out.  I felt like I surpassed many of my high school friends in confidence despite my being more shy than they were in school. 

    Having said that of course the activities were a distraction from other things so it’s good not to get too caught up in that for too long. Weigh up the costs and benefits I think, perhaps there’s something else you could join to allow you to become more social without all the low consciousness activities.