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Comment on How is the Stock Market keeping it's value after *points to everything*?

SabinStargem@lemmings.world ⁨2⁩ ⁨days⁩ ago

I think economy, in the sense of money as a concept, is an illusion. We all just agree that money is worth something. When our belief in the American Dollar fails, so would follow any stocks tied up in businesses that rely upon it. Those trillions and tax cuts that Musk has? Worthless.

shrug

That is my hypothesis, anyways. My guess is that we are into a Weimer Germany sort of scenario. I have been converting my money into Euros, with the assumption that America as we knew it is going to die horribly within years. Hopefully, my efforts are pragmatic, not paranoid. 😕

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crabArms@lemmy.world ⁨2⁩ ⁨days⁩ ago

I have been converting my money into Euros, with the assumption that America as we knew it is going to die horribly within years. Hopefully, my efforts are pragmatic, not paranoid. 😕

Hopefully, your efforts are paranoid, not pragmatic.

(Not blaming you for how you’re coping/preparing, just not personally ready to give up on our country yet)

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- SabinStargem@lemmings.world ⁨2⁩ ⁨days⁩ ago
  More than fair. It would be nice to rub the back of my neck and feel embarrassed for overreacting. Here’s hoping your timeline is what happens.
  
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  - KeenFlame@feddit.nu ⁨1⁩ ⁨day⁩ ago
    How big are the odds that the billions (later corrected to millions) of saving (a single day of borrowing btw) they did are competent and not a fascist hyper capitalist dictatorship rising?
    
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