I make a living off daytrading stocks, I'm not a millionaire but I consider myself comfortable, I enjoy what I do and like the freedom it brings me but even then I understand it's parasitical and doesn't really provide any value to society, I'm not building anything or providing any service people need, I'm just extracting value by picking the right moves at the right time.
what will happen to people like me if the US empire falls? from what I understand the financial world is pure bullshit that syphons money from real industries through exploitation, tech, stocks, crypto, AI, it all depends on the ability of the empire to exploit the third world.
what happens when the exploitation stops and the world starts running on a real economy based on labour instead of speculation? do construcion workers get huge raises and people like me end up in the streets? can traders and speculators be useful in socialism?
The good news for you is communist revolution is never happening, climate change is though, you’ll want to buy a bunker in New Zealand or a plot of land in either Northern Canada or Siberia as those will he the only arable land in 20 years
>>2729998the US empire isn't going to fall in our lifetimes. Every decade had people who believed the empire was in terminal decline and in the 1970s it looked that way. The Bronx was burning, serial killers were on the loose, satanist cult scares in the news, drugs, crime, Vietnam disasters, oil price shock, CIA corruption, Watergate scandal, etc.
You can go back to the British Empire and find people making the same assessments of imperial decline in the 1850s. London was falling apart. The River Thames was a open sewer. People were looting the treasury, going to India to make fortunes, coming back and buying up all the politicians. they were building steamships, trains, telegraphs in madras but people in London didnt have drinking water, and suffered rickets. 40% of the population was unfit for service in the Boer War.
Teach me your ways senpai. I am an investor myself, but I do long term.
>>2730071buy low short high
>>2730081>>2730071look up penny stocks
https://www.reddit.com/r/pennystocks/go to places like this and find the recommended stocks
thats how i make money
>>2730037Its not the 1850's doe.
gonna turn this into a general stock thread and say
BUY FUCKING HGRAF. IT KEEPS GOING UP
US not gonna fall in our lifetime, good for you.
If it does you gonna get sent to the sissy camps tho, ever sucked a cock pretty boy?
>>2730037what about mass automation in white collar jobs due to AI being able to do more stuff? wont that decrease the value of their labor like industrialization did for a lotta people?
plus the US empire is getting mogged by china right now in pretty much everything and they can't even defend their vassal states
I presume you are actively holding a bunch of stocks, although your portfolio changes day-to-day. In this case you are fronting capital investment for the firms whose shares you own, and you are remunerated accordingly. It is only 'parasitic' in the sense that you do not have to sell your labour, while the people who are responsible for the growth of the firms whose shares appreciate in your portfolio do, and labour-time is the unique commodity that cannot be sold without continual active participation of the seller.
An economic system that was not based on profit would likely have productive industry to which your skills could be applied (e.g. economic planning, supply chain management, procurement and dispatch). Since you are not a millionaire but can make a living on daytrading, it is something of an indictment of the present job market that no firm can offer you generous enough compensation to get you working for them. Or else, you are making dubious trades and getting lucky again and again lol.
you're going to work on something different since stocks wont exist
>>2730457It stands to reason you don't think China will be the one to topple the US empire…
>>2730469The US empire is doing a good job of that itself
>>2730469well, that's a separate matter, but no, i don't, not only does china not wish to do that, empires don't fall that way
>>2730326nice try /biz/tard but I'm not going to be the exit liquidity for your pump and dump scam
You will be forced to farm at gunpoint, parasite
>>2730502well i helped one guy at least get over 300 dollars. Your loss
>>2729998>prediction marketsI've been doing pretty good with that. Not, like, I'm rich because the initial amount I put in was small but in terms of overall profit/loss, rate of return. (It's around 6000%.) I could never get into the stock daytrading thing, like just playing with fluctuations like that, my brain isn't wired for that and I don't understand how X company's stock is under/overpriced. But I have a knack for these prediction markets.
>what happens when the exploitation stops and the world starts running on a real economy based on labour instead of speculation? They'll put you up against the wall, but valorizing manual labor sounds like something that's more common among people who don't work "real" jobs and feel alienated at their computer. Like a big part of the classic socialist program is to eliminate drudgery so people have shorter working hours and more free time.
>>2731856Average Profit rates never go to zero, they only asymptotically approach zero. Of course in the real world, average profit rates don't matter for companies as much as the actual individual profit rate.
Western countries can adopt a state-controlled financial setup where profits are shared between companies in order to ensure the continued existence of capitalism and reduce the number of bankruptcies, and the associated unemployment and chaos. This will severely hurt the wealth and influence of the financial sector, and that's why most neoliberal propaganda you see comes from this sector.
But when the 2 alternatives are "Capitalism collapses" or "Capitalism limps on at the expense of finance", capitalists will choose the latter.
>>2731856>the only they could truly do to restore post ww2 levels of profitability would be another world war to physically destory lots of capital and reset it all, but theyre way to scared to do that because of MAD.This implies that the two contending parties WON'T have a mutual interest in the survival of capitalism. But in reality, they do, so WW3 can be a kabuki theatre war where huge number of lives and capital is lost but MAD is never truly applied because both sides know its all just to restore profitability.
>>2731856>>2731911I think they will rationalize and risk MAD because the end of capitalism is more of an apocalypse to them. Theyll think "oh i might make it in the luxury bunker and my grandkids will be have their slaves on some iron age looking fief, at least we'll still be in charge!" which is less horrific to them then a safe healthy planet where their grandkid is like everyone else. The latter option is the only thing thay equates to the end of the world to capitalists.
>>2731912but revolution isnt going to happen in every country simultaneously, will the capitalists not just leave as they're known to do and have already done?
>>2731909The rate of profit doesnt need to literally go to zero to produce a revolutionary threat to capital, just getting closer to that produces more social chaos and threats to them. Western countries are much less in the position to adopt a bonapartist-like system on par with russia and china for massive state ownership and even if it did it doesnt buy them much more time
there are two types of investment markets however. many public companies hire labour and depend on the rate of market share. other markets are "speculative" and only exist in a mercantile sense of buying low and selling high. a third type encompasses speculation, which is prospective investment in production, like how many tech companies originally required public funding, and so developed on this basis. so not all investment is the same. what is "parasitic" in it is simply the profit one gains from others by return.
>>2732418The entire point of keynsian management is to either prevent as much as possible or lessen the effects of bust cycles, but the problem is Every country that tried to implement Keynesian demand management in an open international capital market since the 1970s has faced capital flight, currency attacks, and bond market discipline that undermined the domestic policy. I never claimed that the rate of profit coud go to zero or that it s aliteral "countdown to the end of capitalism" more like a really low rate of profit is going to drive the capitalists into some ultra crazy levels of exploitation that will produce even greater revolutionary threats to them
>>2732433you are correct, which is why to preserve domestic markets, its also necessary protect industry, which is why keynesians still promote a robust public sector, while less necessary businesses can be permitted to fail. it depends on what you take as your object of concern, since you can also issue protections on private business by subsidy, either by compensating labour or capital. even milton friedman in the 60s saw that it was necessary to subsidise below-standard wages by tax "refunds" which amount to redistribiting wealth. rothbard also said that if a state subsidises private companies, they gain a right to manage its affairs. we see this worked in china, where the state allows for private enterprise, but maintains market share for itself. so then, the keynesian period saw these conservative concessions to the validity that the free market may not be enough, and that what works is managing certain ends, though of course, not all ends need to be determined. thus, it is a socialist common sense these days to promote a public sector and a private sector, typically in a co-operative model, which was even promoted by supply-side thinkers like reagan.
>>2730102I'm taking a look at this place and it reads like every single post in here is an AI generated ad for something lol
Maybe it's because I'm financially illiterate
>>2732469There is a lot of ai crap but its also because a lot of the people there genuinely type like that. Theres a certain type of autist that gets attached to these stocks.
Just determine which is good info and bad info by doubling checking what they say
Just put $1000 in the dip.
>but even then I understand it's parasitical and doesn't really provide any value to society, I'm not building anything or providing any service people need, I'm just extracting value by picking the right moves at the right time.
Anyone who screeched at this is a utopian leftcom.
Scamming and theft can be valid ways to obtain resources which make the revolution possible. Steal food, anarchist! Rob a bank, stalinist! Collect social support from your armchair, left-com! And if these methods allow you more time than a 9:00-5:00+ work day, you're ahead already.
>>2733031you are saying I can be a maoist daytrader?
hgraf stocks going down. market correction is painful
>>2729998>daytradingwhat's the start up cost and should I take a course or something like that first?
t. lazy pothead
>>2747595its unironically gambling and that anon is more likely than not lying
>>2747595the startup cost is everything you have, eventually.
courses are scams. you don't need to pay someone else to teach you to yeet all your money into the ether. you can download robinhood and be down everything forever within the day. leverage it with loans (free money) and you can be a debt-slave for NOTHIN, not even a degree or new car or whatever the fuck people live to die for now.
"call put low high sell buy resist trend" - there's literally every course right there, print these words out, cut them up, shuffle them, and recite whatever combination comes up when you're confused. this is technical anylysis, it will banish the money demons confusing you. the only thing else you really need to know is to try to split your trade into as many trades as possible so that the amount that goes to fees is fucking insane, but that's only if you want to. the financiers need fed too, but it does look way cooler if you blow it all in one fucking go.
>>2747595pay for a course, it will speed up your progress
>>2729998>I'm not building anything or providing any service people need, I'm just extracting value by picking the right moves at the right time.You are providing allocation mechanism for capital to grown large and fat.
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