Boycott US
Overview:
The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.
Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.
America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.
America needs to challenge the court rulings of citizens united v. fec and shelby county v. holder, protect the media, implement independent district drawing, and the single transferable vote so they don't end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.
Join 50501.chat to fight back!
Related communities:
Boycott:
!buycanadian@lemmy.ca
Activism:
!antitrumpalliance@lemmy.world
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Honestly... what the fuck do I invest in? I've been wanting to do this for the better part of a year but how? If the NYSE tanks.. so will the majority of other markets. Not only that, but the US economy will be in shambles and money will be the least of my worries - I'd need to be concerned for my physical safety when shopping for fucking groceries because those will quickly disappear off the store shelves.
Emerging Markets and European Assets or ETFs would be a good idea.
I'm concerned that the world indexes have 60-70% USA in then, so I'm shifting to the aforementioned more.
I play options based on swings as a result of the shit that Trump says and does.
For example, when things tanked on Friday I bought some call options on the speculation that Trump would say or do some shit to make things go back up after the weekend. Sure enough, that worked out.
When things seem steady for too long, and things are near or at all time highs, you buy puts.
Either way, I try to not be too greedy and take profits (cash out either in full or in part) if things go above >25% gains.
Then I sit on the money and wait for the pattern to repeat. That’s how you make a lot of money in the Trump market.
All that said… I’m going to stop playing this in January or so and give it a break till July. There’s too many experts predicting things to get really bad in March. I want to be not invested during that time.
Options are fun but we're playing in a rigged casino.
yes...so understand how it's rigged, when you know how X stonk is gonna move it's not gambling. though "scalping volatility" like that only scales up so far
Wildly rigged
(nearly) everything being rigged is the only way small fries make $
Which means you need survival basics if the NYSE tanks. Paper money will be worthless.
What do you invest in if that happens? Smith & Wesson.
I've got the typical guns, gold, generator, rice/beans. I'm hoping my neighborhood doesn't turn into a warzone.
"Emerging markets". SA, China and SEA have given me pretty consistent returns over the years, and are better insulated from Western crashes.
Sure but I don't exactly trust moving my money out of the country into a jurisdiction that might outright steal it or where it could be impounded by the US administration if I ever tried to bring it back. Otherwise I'm game for trying to invest in Chinese and Korean markets.
With the current government, would you really put it past them to do the very same?
They might not just take it, but if the US economy crashes, the ultra rich will survive, but your savings will be gone.
Buy an ETF that's adequately diversified in emerging market corporations and you'll be fine. Many of these are heavier on Chinese stocks if that makes you feel better.
Even VWO as another user has mentioned is mostly Chinese. The Indian exposure is to Reliance, ICICI and HDFC bank which are large cap, stable institutions that have existed for decades and do business with global partners.
I'm sure most here know this but with stocks / ETFs its all about diversity. I invested in a Chinese stock (BYD) this year right before they started a price war and allegations came out that they were cooking their books. They're still way behind on paying their suppliers. So that hasn't been particularly pleasant for my portfolio.
Something like this:
https://investor.vanguard.com/investment-products/etfs/profile/vwo
yeah I would recommend actually look into emerging market funds lol, there's absolutely no chance of any of that happening. most of the funds I'm in are managed by Western companies
Honestly? Listen to some of the community building focused “It Could Happen Here” podcast episodes. You know how during the great depression, a lot of people were extremely good at preserving food when there were good harvests and at taking care of each other? It’s invaluable to set up those sorts of community support networks now. People like to fetishize stockpiling ammo, but you can’t eat bullets, and a life of banditry is a miserable existence always a coin flip away from death.
This is partially why I've started getting into the hobby of vegetable gardening and forms of food preservation like fermenting, canning and drying in the wake of the pandemic. Not only does it benefit me now by reducing my grocery bill and encouraging me to eat healthier more regularly, but it's also developing skills that could become critical to survival should things get really bad.
I hate canning…. but yea, I guess that’s a new hobby of mine these days.
Euros.
The friends who listened to me back in December have already technically earned money. Back then it was still what, 97¢ to a €? Now it's at 83¢/€ I think
What platform are you using to convert usd to euro? Do you have a bank account in Europe?
I’ve wanted to do this with a portion of my savings for a bit but couldn’t find a reasonable way to do it without paying crazy fees.
Revolut has been the easiest way.
Also, the rulerships in most other markets have been openly sycophantic to Trump's extortion. Only more extortion and submission will be demanded as a result of that, and accelerated as US gets closer to brink of collapse. The desperation of colonies to tie themselves to a collapsing/sinking ship that hates them is not a recipe for success.
• food • ammo • gold.
I agree that if the US economy tanks so will everything else. The difference to me is that I want basics to get me through, and ammo for if it turns worse. The gold is just because precious metals tend to retain value while currency can lose its value if it isn’t pegged to the “gold” standard.
Also don’t forget that when times get tough people unfortunately get more violent if they aren’t fed and are struggling.
This is where the gold part becomes problematic. Sure, it'll retain its value. But good luck using it without someone with more desperation than you catching wind that you have it. Doesn't matter how much ammo you own when your back is turned.
It’s listed in order of importance for a reason.
I didn’t add •keep friends and maintain relationships, because you can’t buy that. You earn it. I don’t worry about my back when it’s turned, that’s what friends are for. I worry about having enough of the first three to help everyone around me get through the same problems. Also, it should go without saying that the point of the ammo is to never have to use it. I’m not intending for someone to come and take what I have.
Things like gold and platinum are very valuable concerning the tech industry and automotive industry, they will retain their value for many reasons.