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re: China is currently not an economic threat and is imploding internally.
Posted on 3/20/24 at 8:41 am to Earnest_P
Posted on 3/20/24 at 8:41 am to Earnest_P
quote:
I’m beginning to think being American means sacrificing everything at the altar of GDP.
What do you mean by "sacrificing everything"?
And would you prefer economic decline? For what end goal? What would you sacrifice our SOL for to achieve?
4
Posted on 3/20/24 at 8:43 am to SlowFlowPro
quote:
What would you sacrifice our SOL for to achieve?
its going to happen eventually.
Hopefully in increments and not at once.
A lot of people have already sacrificed since 2020.
Posted on 3/20/24 at 8:44 am to SlowFlowPro
quote:
What do you mean by "sacrificing everything"?
He means the invisible tax of inflation (that devalues your purchasing power).
Posted on 3/20/24 at 8:48 am to SlowFlowPro
quote:
And would you prefer economic decline?
The current standard is pushing growth through debt. Its now an integral part of the economy.
I dont think we can function without it anymore so we can keep stocks high. That seems like a broken system to me.
At the very least, untried territory and we're spitballing here.
This post was edited on 3/20/24 at 8:49 am
Posted on 3/20/24 at 8:50 am to SlowFlowPro
quote:
What would you sacrifice our SOL for to achieve?
Just going to answer this with a philosophical point:
A standard of living built on financialization is a standard of living built on sand.
A standard of living built on the advancement of the human mind through education, creativity and ambition is a standard of living built on bedrock.
This is why successful people are successful regardless of economic climate.
This post was edited on 3/20/24 at 8:51 am
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