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Cake day: June 14th, 2023

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  • we’d have federal laws that prevent fascists from getting into power.

    A country riddled with fascists isn’t going to pass laws against themselves. You (paradoxically) need to get rid of the fascists first, before you get rid of the fascist policy.

    That’s why we couldn’t have pass the civil rights amendments until after secession. And why we didn’t pass the Equal Rights (for women) amendment at all.

    now we get to hope that the fascists don’t win.

    Unfortunately, we’ve embraced fascism in both parties as the donor elites have tacked rightward. Harris striking common cause with the Cheneys might as well be a stake through the heart of American liberalism.




  • UnderpantsWeevil@lemmy.worldtoMicroblog Memes@lemmy.worldPassive income
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    20 hours ago

    If I can get $20k a month with one of the safest investments around

    8% Treasuries don’t exist. The current treasury rate is closer to 4.5% during a period of 2.5% inflation. Higher treasury rates tend to be paired with higher Fed Reserve rates, which tend to occur during periods of high inflation. So the hypothetical 8% Treasury will only be available during periods of 5%+ inflation anyway. You’re still only netting real gains of 2-3%.

    Its a safe hedge against a downturn when you only care about preserving your liquidity. It’s a real risk when you consider the possibility of a bull run. You’re effectively losing money when equities surge while you’re setting on a cash-convertible.




  • UnderpantsWeevil@lemmy.worldtoMicroblog Memes@lemmy.worldPassive income
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    20 hours ago

    A year ago we didn’t know the market would grow so much, or at all.

    A year ago, the expected annual yield on the NYSE was 6-8%. The treasury return for a year was 4%.

    Today we don’t know if these trends will continue, stop, or even reverse.

    “I don’t know if my plane will crash, so I drive everywhere in order to avoid that risk”.

    The expected yield on market investments is higher than the expected yield on treasuries. The real value in treasuries is their convertibility to cash, hedged against the risk of inflation. You are losing money long term if you are putting your retirement income in treasuries.

    The whole point of bonds is that they be more stable

    The point of low-yield low-risk bonds is that they can be quickly converted to cash when better investment opportunities arise. Alternatively, to be spent on consumer goods and services.





  • real issues in how we’re failing boys and men

    Only the poor ones. You know, the “betas”.

    These “True Men” ass holes are simply swooping in to prey on the young men who’ve been left behind

    They’re driving the disparity. Artificially constricting the demand for labor in order to drive down wages. Privatizing public services to squeeze working people for their last dime. Bombarding audiences with FUD in order to get them to blame every conceivable external agent - illegal migrants, evil foreign governments, spies, terrorists, literal fucking space aliens - so that the public is in a constant state of anxiety and exhaustion. Busting unions. Busting street protests. Busting college campuses. Corrupting the foundations of the political system to shield themselves from accountability for their shady actions. Then dumping vast fortunes into policing and the military in order to unleash wave upon wave of violence on working class communities.

    At the forefront of all of these moves are “Alpha” men. People who believe themselves entitled to enormous wealth and social privilege, extracting at the expense of the rest of us. Its only after we’ve been ravaged that we see the lackeys and sycophants of these self-entitled paymasters step back in to recruit for the next generation of gladiatorial fighters, street cops, and foreign mercenaries.



  • I remember when conservatives were hooting and hollering about Climate Science Being Wrong, because the predicted “Worst hurricane season on record” wasn’t producing a record number of powerful storms.

    Well… now what? I guess we can fall back to Gaetz and DeSantis blaming Biden for a bad cleanup job. Or go the MTG approach and start talking about HARP and the Jewish Space Lasers.