Reacting to Biden Executive OrderHere is an important one from yesterday:
Biden made a speech praising capitalism and signed an executive order to "promote competition and fight monopolies" (the quotes are because I'm quoting not because I'm being sarcastic lol).
It came 2 hours before the market close if I'm correct. Missed it. Doesn't seem like it collapsed prices.
The order is a guideline, an agenda. Up to lawmakers I guess, maybe ministers too (whatever they are called in the USA).
Here is the official propaganda:
www.whitehouse.gov
The order should be published here soon:
www.federalregister.gov
Profits have gone up more than wages so where did the difference go?
They forgot to mention government spending ballooned, obvious where it went.
I don't know what is in the EO, what laws will be signed, what consequences it will have. It's a big thing by itself and then it's even more work to try to guess what comes out.
Monopolies (very often government enforced) are a huge issue, I got lots and lots to say about it, as well as corporate conspiracies (did you know US towns had a great tramway system before the automakers conspired to destroy them? They were found guilty and paid a ridiculous fine. I wanted to write about that too)
For the past 2 decades wageslavery has grown!
Less and less small businesses and more and more huge ones eating up everything.
On top of that big tech has too much power and they piss off both sides of the US political spectrum, as well as foreign nations.
My call was more hybrid (mix of centralized and decentralized) businesses such as mcdonalds & google-youtube which are giant companies BUT people there are self employed (the yt chanel owner and the MCD franchised owner).
Here are an example of reforms that huge companies PUSH AND LOVE:
- Higher minimum wage
- A daily quality & health check that costs $1000 a day
- Measures to protect the environment
What do they have in common? They are expensive for the small fish, cheap for the big ones.
What do they do as an end result? 2 things:
1- Very little to even negatively impact the workers lives and the environment
2- Economically eliminate the competition
Min wages workers here and there think they earn more but clearly the big companies get a bigger share of the market and wealth is distributed more "not the way they'd like". It's like a generational downtrend with the fools celebrating each time there is a small sucker rally, a small "win for the simple working people", totally oblivious to the bigger picture.
These guys reach multi billion proportions, perhaps the legit way with all the credit and respect that is due.
But for some reason they want to use dirty tricks to supplant the competition. So they get 0 credit and respect from me. Terrible mindset.
A bodybuilder had asked Arnold Schwarzenegger how to supplant the competition and he answered something along the lines of "don't talk to me disgusting subhuman I want the competition to be at the top of their game and beat them BECAUSE I AM EVEN BETTER".
In this corporate world sociopathy and manipulative behavior gets rewarded and decent human beings get punished.
Can these parasitic sociopaths even survive on their own or do they need a host to manipulate and leech on?
I differ from commies on this subject as I am not envious and not against fair personal success and not against elitism,
I actually want to eliminate cheaters for MORE competition and MORE elitism and MORE imperial greatness.
When you compare a self made mastermind businessman like Cornelius Vanderbilt that fought and beat monopolies and corruption; to some 30 year old billionaires (or even 18) that originate from a famous family or made a website that got popular and never held a honest job in their lives, that keep giving their opinions on everything, get proven wrong, and never learn their lesson, have a spoiled kid behavior; well... there is something wrong here.
The US is full of commies now that are angry which is a symptom showing such reforms are needed, I've been saying so for as long as I've been posting about the US economy. And you didn't need violent rebels to figure it out. Never pro-active. Anyway...
Maybe we'll see the S&P 500 or Russell outpace massively the DJI?
With the passive investing scam and its hordes of mindless "investors" the big companies have already blown out the smaller ones in price/earnings ratios which is something else that comes on top of big companies having a too large piece of the pie.
Let's say lawmakers and the executive are well intentioned and real changes are made. Gorbachev also came up with much needed reforms. But too late. The Soviet Union collapsed. And Gorbachev got blamed. The solution got blamed for the fall.
Me I am holding the US indice as long as it goes up.
I will invest in west Europe, east Europe, the greater Maghreb, and throw in a little bit of middle east and west Africa (the rectangle).
Warren Buffett said "diversification is a protection against ignorance", ye this is exactly why I do it rofl.
Long term investing is not my job, I'm a short term FX speculator. I'd be happy with breaking even + getting a few dividends.
It's mostly interesting because it is tax efficient honestly.
I'd add the USA to my long term basket when I really start one (need money to invest first) if I like what I see, and right now I don't, BUT I am still long the bubble and watching it very closely, as a short term investment (been nearly a year though).
Biden defending capitalism, as the US have done for decades. The whole world been defending capitalism or socialism/communism for over a century.
The never ending debate.
Meanwhile China couldn't be bothered and said "whatever yolo let's do both".
I just saw a picture of a luxury ultra-capitalist Gucci store under huge communist propaganda façades with sickle and hammer symbols everywhere. Love it.
