I would be very surprised if a bailout doesn't happen, independent of who is "in charge"
Bluesky
People skeeting stuff.
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That's TERRORISM According to NSPM-7!
What's that
It labels anyone who displays "anti-American, anti-capitalist, and anti-Christian" sentiments, as potential terrorists.
I'd argue that bailouts are anti-capitalists. but capitalism and corruption are the same thing
Anti-capitalism-in-theory, but pro capitalism-in-practice.
That's specifically crony capitalism. Which is a bastardization if the system where the government is picking favorites, usually through bribery, so really corporations using the government to give themselves an advantage over their competition.
It's explicitly not free market
Pretty much what I said. Capitalism in practice.
Capitalism puts the power over production in the hands of capital (by definition). So over time, wealth and political clout grow, and they start using that to bend government to their will. It's not a bastardization, it's 100% of the historical examples. A free market would require highly distributed power, not concentrated.
the problem with "free market" is they they can't exist. as it gives power to those who gain from corrupting the system. it will always deteriorate to crony capitalism as soon as free markets exists.
It's true, but is there anything better to invest in within the U.S. right now? The U.S. doesn't really make anything and even this AI stuff is based on chips manufactured outside of the U.S..
The U.S. doesn't really make anything
Actually the U.S. makes a lot of stuff. Amongst other things the U.S. accounts for somewhere around 40% of the global food & beverage market.
https://finance.yahoo.com/news/food-beverages-market-size-reach-133000592.html?
is there anything better to invest in within the U.S. right now?
Defensive stocks like energy, utilities and pharmaceuticals. But I would hold for the moment. Even JP Morgan CEO told people to divest from US.
Not a financial advice but something to consider is investing in gold and silver and companies outside of US. Japan, China and Europe are increasingly seen as safer investments (but China at the moment is having an economic downturn). If you want some growth and security to protect your cash if there is a down turn, you could buy bonds.
Mortgage real estate interest trusts?
We should build actual pyramids they could start buying....