These 10 year cycles of booms and busts have a tangible and detrimental effect on society. If (or when) a MOASS happens and the retail investors see their pay day, how can use that power to bring about meaningful change in the health of global financial markets?
Posted Jul 8, 2021, 11:29 PM UTC
Taking my ball and going home. Paying as little in taxes as possible and amassing land to turn into a wildlife preserve.
Out lobby the crooks.
Throw money at it.
But seriously, finance scientist for green inventions and medical research.
Plant the fking trees in the degraded soil areas but is another 15 years before the climate disaster ends the party
Whatever it is, just remember to K.I.S.S. (keep it simple stupid).
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The true way to change the global financial market is to use this as momentum to take and assume power. We talk about the biggest transfer of wealth etc but if there is ever a chance to change it it’s going to require a large number of individuals to consolidate their wealth together and as a single body clean house.
If this has shown us anything it’s that together we are so much stronger.
I agree, it has to be a collective that has to come together to form a better, stronger financial system. I wonder how that will take shape, and what technological and social structures can enable it.
For what it's worth, I just wanted to add that this question popped up into my head as I was watching the [Inside Job] (https://youtu.be/T2IaJwkqgPk).
The exchange at [1:30:05] (https://youtu.be/T2IaJwkqgPk?t=5405). Man.
Finance the overthrow of 3rd world governments so the world can raise its standard of living off the backs of sweatshop labor
So invade 3rd world countries??
No, no, no. You create civil wars and keep them in states perpetual conflict by training, arming, and funding multiple rival factions. It's cheaper, easier to sell to the public, and prevents new generations for being able to educate themselves for a better future without the need for repressive theocracies or dictatorships.
So the same as today? Hope you're joking. Alot of Apes here are from 3rd world countries.
You forgot to put /s on your first comment
Most people don't even realize we're doing this right now in multiple countries
Reform the SEC and put competent people on charge.
Hopefully the masses learn that their 401k is a scam and pull out.
We hold congresspeople accountable for allowing this to happen.
Why do you think that the 401k is a scam? The idea of having a retirement fund that grows with the economy seems like a decent idea to me?
It would be decent if the account value was solely a function of market conditions and your deposits, not the product of institutions manipulating prices to profit or to kill businesses.
I think in the long term it does end up appreciating in value, though there definitely can be significant market fluctuations in the short term .. for various reasons.
You should be in control of your “retirement”, as is apparent throughout all market and economy crashes.