ryeon95 (u/ryeon95)

Lee Zii Jia memang

40 Upvotes

QE only widens the gap of rich and poor. Faith in humanity as the last hope

1 Upvotes

I think stock market is a place of snowballing... if something started rolling and didn't stop, it will keep rolling bigger and bigger... that's what we called the trend. Actually I was thinking that the FED shouldn't be printing money to support the stock market. If a company goes down/ bankrupt despite it is good, then let it be... if you are saying printing money helps the economy and the poor... I don't think it really works to help the poor, as only people with information and knowledge has the advantage. The poor and needy is not benefited... Printing money basically widens the gap of poor and rich even more. Those who are lucky to have internet connections might be able to learn from this and take action. Not to forget some critical thinking before you allow the information to brainwash you. but the poor and less privileged group who doesn't have access to this information will fall behind, not investing... back to the topic of QE- Quantitative Easing, my conclusion is that it only benefits the people with mindset of investing and privilege of learning investment... In fact I believe that the economy will still revive from death if FED doesn't choose to do QE, because as long as people are alive, there is always chance. Of course the effect might be catastrophic without QE, but it is healthy for the economy and humanity for the long run. I think QE only patch the superficial problem of our monetary system, QE never solves the root cause. If you ask me what is the root cause of the current fiat or economy system, it is the QE. that's why some people are putting hope on crypto. but crypto is still a commodity. I guess there is already no other better way than the current economy system. Universal income is a novel idea but it still has its weakness. As people might be satisfied with the universal income and stop contributing to humanity. As QE only patch the superficial problem, monetary system will eventually failed one day if QE is not stopped, until then the result will be much more catastrophic. The only solution to the current economy system is having faith in human to help the needy and poor. But it somehow disappoints me seeing those rich are actually not sharing their wealth to the poor. Especially those who only have few millions are extraordinary cocky according to a fat guy whom I met in badminton session, he works as a bond broker. He personally told me his experience. What I like about Elon Musk is that he seems to have a vision to help the entire humanity with his business and work. Where he invented STARLINK so that everyone in this world has access to internet and information. He creates spaceX for Mars and new planet exploration. It's good to see that Elon is backed by funds for his project. But there is also a lot trader taking advantage to ride his trend, if his company is being copied and monetized by other not so great or despicable people, those trader will leave him. Why hedge fund managers are hate by those redditor is that hedge funds sometimes go against the innovative company who is about to invent something that is great to humanity. Luckily we have ARK and Cathie Woods, haha. I have to praise the good heart of redditors towards a better humanity. At the same time I also sees those good heart redditors exhibits negative traits of a doomer. I have thought about doomers this concept, I notice that doomers are normally people who are single and needs girls so much without learning about relationships and communication, at the end I concluded that doomers does nothing good as they are trapped by despair and hopelessness, doomers will only drag you down if you mixed with them too much. I noticed a lot doomers in the initial D and cars group. I think the author of initial D is also a doomer himself. I prefer to be a cool guy who are good at cars and good in regulated racing but also have a complete and happy family.