There’s a pretty good chance BlackRock manages your 401k.

If you’re a federal employee (including military) they manage your TSP.

Yeah, everyone has been making that point…

But this is the first I’ve seen where the admin just straight up says to give them the money.

Like, it’s not just demanding they buy a cheeseburger from you for the same cost. They’re saying if you don’t, then you just have to give the money back and they keep your cheeseburger.

It’s literal toddler logic. They don’t understand how the literal basics of what trade is between two people.

He might as well have said:

I don’t understand how the US economy works, much less some sort of self sustaining one…

https://www.youtube.com/watch?v=YAKOWcs8w54

Finally, Miran said that countries could “simply write checks” to the Treasury Department.

So, they’re calling trade deficits tariffs…

Then that means if America buys $10 million meow meow beans from Penguin Island, the trump admin thinks the penguins should then pay the trump admin $10 million so it’s a balance…

Like, did they legitimately forget that anything besides money exists?

Who cares what the nazis on Twitter do?

At this point it’s safe to write off anything that happens there. And anyone that still makes the decision to financially support a fucking nazi can be written off as well.

VIX is what’s important…

It’s basically volatility.

https://www.investing.com/indices/us-spx-vix-futures

Shits fucked homie, right on time for our once a decade economic crash. Maybe more like COVID than 08, but we’re past the point where hitting the brakes can help. To a certain extent it’s too late to brace for impact if you haven’t

Weeks at best, possibly months. And that’s still best case.

This ain’t even the big crash yet.

That happens when Trump finally caves and removes his tarrifs, and everyone else just shrugs and leaves theirs on.

It’s obvious as fuck, but so was what happened last week. We’ll see a small bounce as he announces his are being removed, then shit gets real

So your 401k is just a single fund and that’s it?

That sucks bro

The top 10% wealthiest Americans own over 90% of stocks…

https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1?op=1

I do feel bad for the people who left their 401k in the market instead of government securities. trump has been saying he’d do this dumb shit since the campaign.

I’m honestly surprised they’re not being sent to Russia to be used in the meat grinder…

Do it, fuck up Twitter, Amazon, meta, and everyone else that shared a stage with trump.

The only language they know is $, if trump is bad for their money, they’ll go against trump.

These are people obsessed with wealth over every thing else, it’s not hard to manipulate them, but when rational adults regain power, we need to tax the ever loving shit out of them because no matter what happens, they’ll always choose “more money”.

It would appear no one is siding with you, and only one person disagreed with me…

Likely you …

So I understand you think what you meant was clear, but it would seem no one else agrees…

So maybe, just maybe, it’s your fault

What?

Is that supposed to be a joke or something? It’s a bad look for mods to be making “jokes” like that.

Yeah, leaving out EV was probably a bad choice then

And it’s still the best selling pickup truck…

What?

They’ve sold like 47k total, and there was 10x that in Silverado sales in 2024 just in America…

And they’re not even the best selling pickup truck in America.

What metric are you using?

Batts had been led by Booker around security screening at a Senate office building earlier in the day, according to the department.

He should be investigated to see if he knew then.

Fucking sucks and I was literally just defending him 24 hrs ago.

But Dem voters have high standards, and defending shit like this depresses Dem turnout. This is bigger than any single person.

I can’t imagine they spent a lot of time or money designing the cybertruck…

What?

Do you not live in a medium to major size city so that analogy was lost on you?

Hillary was like turning right on red even tho there was a sign that she shouldn’t.

She may have looked and saw it was safe, but because those low level offences go unpunished, stupid people start thinking traffic laws don’t matter.

So they do even dumber shit, without seeing if it was safe. In this analogy it’s blasting straight thru red lights.

Does none of that make any sense to you?

I overestimate people a lot, but I legitimately don’t understand what’s so hard about this

Out of curiosity did you start an American public education after No Child Left Behind removed all critical thinking from the curriculum?

I’ve seen a few people on Lemmy get this right, but no, this is not the same thing

Who said it was the same amount of bad?

I said they both broke the law and should have been held to the same standard: the law.

This isn’t complicated, although I have started to notice the ones not understanding this all have accounts on lemmy.ml

So I’m going to be an optimistic and assume you all could understand this, you’re just intentionally not

What is hard about understanding this?

Since you like cars think of it like this:

If cops fail to enforce minor traffic tickets, do you not understand how people will stop following those minor rules, creating a culture where everyone disregards all driving laws causing serious consequences?

Like, this shit is as simple as cause and effect as dropping a glass of water and the water not staying in the glass …

But you and lots of others just can’t understand.

A correct but unfortunately unpopular opinion