Best ways to secure my wealth for political winter?

[gengar]

  On 1/21/2025 at 6:51 PM, Leo Gura said:

No.

Think for yourselves. I am not going to spell out for you what to do.

I was being semi-ironic. It's not a bad thing to do.

[Terell Kirby]

The rich get richer and the poor get poorer under the new Trump regime. For everyone freaking out-it’s really no need to do so, just get back to basics.

Reducing unnecessary expenses, not taking on any new debt and building your savings are core principles I go by to ride out times of economic uncertainty.

The Mad Orange King will not have total dominion of the Great Lands of the US forever. Buckle up and enjoy the chaos while it’s here-we’ll all be able to sit back one day and laugh at how the country willingly stepped into this mass pile of epistemic shit 💩 

[Hardkill]

  On 1/21/2025 at 6:51 PM, Leo Gura said:

No.

Think for yourselves. I am not going to spell out for you what to do.

Reacting foolishly in a bad political environment is as bad as not reacting at all.

Then how do we reconcile with what you said before?

  On 4/26/2024 at 3:40 AM, Leo Gura said:

Meh...

The world is still more peaceful and civilized than ever.

Pundits gotta invent problems otherwise they'd be out of a job.

Be careful with this doomerism porn.

  On 8/8/2024 at 1:51 AM, Leo Gura said:

@Hardkill Look man, it's all a function of what you let your mind focus on.

If you wanna focus on the negative you can find endless shit to complain and cry about. But that way of seeing the world is a distortion and an illusion.

You are letting your mind use you.

Is the only glimmer of hope for anything right now is to work on our life purpose like focusing on our career or preparing for some kind of war?

Edited January 21 by Hardkill

[Hardkill]

  On 1/21/2025 at 7:18 PM, Terell Kirby said:

The rich get richer and the poor get poorer under the new Trump regime. For everyone freaking out-it’s really no need to do so, just get back to basics.

Reducing unnecessary expenses, not taking on any new debt and building your savings are core principles I go by to ride out times of economic uncertainty.

The Mad Orange King will not have total dominion of the Great Lands of the US forever. Buckle up and enjoy the chaos while it’s here-we’ll all be able to sit back one day and laugh at how the country willingly stepped into this mass pile of epistemic shit 💩 

The idea that the decades-long growing economic inequality in America has caused the rich to get richer and the poor to get poorer is partially misleading.

While it is true that the rich have gotten richer, with the top 1% and 0.1% of earners experiencing significant income growth, the story for the poor is more nuanced.

According to data from the US Census Bureau, the poverty rate has declined significantly over the past several decades, from about 19.5% in 1964 to around 12.9% in 2020. In fact, the average poverty rate during the Biden presidency, specifically from 2021 to 2024, was the lowest ever compared to any other presidential term in US History. This is due to the continuing long-term economic growth and the increasing amount of targeted social policies that all have helped lift many people out of poverty, even if the benefits of growth have not been evenly distributed. The incredible period of prosperity and optimism during Bill Clinton's presidency, the strong economy by the end of Obama's presidency and the major liberal policies enacted during his presidency, the very strong economy during Biden's presidency and the major liberal policies enacted during his presidency have all really contributed to the significant long-term decline in poverty in this country since the early 1990s.

However, income growth for low- and middle-income households has been slower than for high-income households, leading to increased income inequality. Additionally, many people who have risen out of poverty are still struggling financially and lack economic security.

Also, unfortunately, Trump and the GOP are of course now going to make poverty worse again during these next 4 years.

Edited January 21 by Hardkill

[MarkKol]

The Europeans watching across the ocean as Trump and Musk revive the Nazis and authoritarians in America

Winter is coming, to the USA.

[Schizophonia]

  On 1/21/2025 at 8:25 PM, MarkKol said:

The Europeans watching across the ocean as Trump and Musk revive the Nazis and authoritarians in America

Winter is coming, to the USA.

The problem in the west is not nazis.

[Leo Gura]

@Hardkill You want me to answer too many simple questions for you.

You above everyone here need to think more for yourself.

You have been spoiled with answers.

[Hardkill]

  On 1/21/2025 at 9:35 PM, Leo Gura said:

@Hardkill You want me to answer too many simple questions for you.

You above everyone here need to think more for yourself.

You have been spoiled with answers.

Sorry, but I don't think it's fair to say that I need to think for myself above everyone here. 

At least unlike a lot of people on here, I am more willing to learn from someone like you with more of an open-minded.

Also, I can't believe that you think that my questions are so trivial. 

Another thing is that I haven't been just asking questions on this forum. I've also been giving my fair share of knowledge, understanding, and answers on various things to many people on this forum over course of several years.

Very heartbreaking and demoralizing....

Edited January 21 by Hardkill

[Terell Kirby]

  On 1/21/2025 at 8:22 PM, Hardkill said:

In fact, the average poverty rate during the Biden presidency, specifically from 2021 to 2024, was the lowest ever compared to any other presidential term in US History.

People are less poor from previous years but are still poor in comparison to the insane amount of wealth hoarded by the top 1-10%.

I’m not saying that wealth inequality shouldn’t exist on some level-it’s a standard feature of capitalistic hierarchy. However, I don’t think we should be lobbying government as a means to actively widen the gap in some unscrupulous manner to perpetuate more inequality than is necessary.

Edited January 21 by Terell Kirby

[Hardkill]

  On 1/21/2025 at 9:56 PM, Terell Kirby said:

People are less poor from previous years but are still poor in comparison to the insane amount of wealth hoarded by the top 1-10%.

I’m not saying that wealth inequality shouldn’t exist on some level-it’s a standard feature of capitalistic hierarchy. However, I don’t think we should lobbying government as a means to actively widen the gap in some unscrupulous manner to perpetuate a wider gap either.

Oh yeah, this wealth inequality situation we have going is still an absolute injustice.

I was just pointing out some of the positive things that have actually occurred at the same time regarding wealth in our country that a lot of people probably don't realize. 

[Leo Gura]

  On 1/21/2025 at 9:40 PM, Hardkill said:

Sorry, but I don't think it's fair to say that I need to think for myself above everyone here. 

At least unlike a lot of people on here, I am more willing to learn from someone like you with more of an open-minded.

Also, I can't believe that you think that my questions are so trivial. 

Another thing is that I haven't been just asking questions on this forum. I've also been giving my fair share of knowledge, understanding, and answers on various things to many people on this forum over course of several years.

Very heartbreaking and demoralizing....

Your openmindedness and willingness to learn is commendable.

But it is also true that you take it too far with basic questions that you should be able to answer for yourself.

Don't be demoralized. I am trying to help you become more sovereign, which is the best thing for you.

I am happy to answer questions, but make sure they are serious, important questions that you are unable to solve on your own.

Edited January 21 by Leo Gura

[FourCrossedWands]

In the last 5-6 years, there have been thousands of articles and YouTube videos with guides on how to prepare for an upcoming recession.

Nothing has really changed since then. Just invest in defensive assets and stop buying stuff you don't need.

It's hard to believe there are so many people that still hasn't watched these videos and need advice.

[FourCrossedWands]

People are throwing life savings into meme coins and buying new smartphone every year just for a better processor or Android version. It's ridiculous.

We clearly need a recession for the greater good...

Edited January 21 by FourCrossedWands

[kray]

Best time to invest in rocket engine manufacturers honestly 

[Hardkill]

  On 1/21/2025 at 10:06 PM, Leo Gura said:

Your openmindedness and willingness to learn is commendable.

But it is also true that you take it too far with basic questions that you should be able to answer for yourself.

Don't be demoralized. I am trying to help you become more sovereign, which is the best thing for you.

I am happy to answer questions, but make sure they are serious, important questions that you are unable to solve on your own.

Alright fine...

Then, I'll try my best to ask questions more judiciously.

[Quest]

  On 1/21/2025 at 10:51 PM, FourCrossedWands said:

In the last 5-6 years, there have been thousands of articles and YouTube videos with guides on how to prepare for an upcoming recession.

Nothing has really changed since then. Just invest in defensive assets and stop buying stuff you don't need.

It's hard to believe there are so many people that still hasn't watched these videos and need advice.

Could you post a few of those videos?

[MarkKol]

  On 1/21/2025 at 9:10 PM, Schizophonia said:

The problem in the west is not nazis.

Maybe the Nazi’s are dead for good, but the fascists are still here

That Games of Thrones video was a joke

Edited January 22 by MarkKol

[Emerald]

  On 1/21/2025 at 9:35 PM, Leo Gura said:

@Hardkill You want me to answer too many simple questions for you.

You above everyone here need to think more for yourself.

You have been spoiled with answers.

Honestly, if you believe that political winter is coming enough to give people a mass warning, you should be sharing some concrete actionable advice to go along with that warning.

You can't just be like "this terrible thing is about to happen!" and then be like "but figure it out yourselves". 

I live in Florida... so it's be like the Weather Channel being like "A category 6 hurricane is going to come at some point in the not too distant future." (the highest it goes is category 5)

And then, when people ask what to do to prepare for a category 6 hurricane the weather channel is just like "Figure it out yourselves idiots!"

[Leo Gura]

  On 1/29/2025 at 11:48 PM, Emerald said:

Honestly, if you believe that political winter is coming enough to give people a mass warning, you should be sharing some concrete actionable advice to go along with that warning.

I considered it but decided not to. Because I cannot predict the future accurately enough to give people such advice.

But I can see that a storm is coming. How it will hit is hard to know.

What is the alternative? Pretend like a storm is not coming? Pretend like nothing is knowable? Business as usual?

My more specific advice is to not keep your money in flimsy or inflated investments. But I will not give investment advice more specific than that because it would be irresponsible.

Handling uncertainty and chaos is a good learning opportunity.

Edited January 30 by Leo Gura

[The Crocodile]

@Leo Gura But Leo, trump said we're going to have the greatest economy in the history of our country. The greatest economy in the history of our country. The greatest in the world ever maybe.

Edited January 30 by The Crocodile