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Joined 3 years ago
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Cake day: June 15th, 2023

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  • There was one weird agreement. During WW1, the Pope declared that a Christmas ceasefire should happen. Obviously, the Pope has no such power in these matters and the diplomats around the world failed to turn the Popes wish into any real ceasefire.

    But then, a bit of Christmas magic happened. It turns out that WW1 soldier conditions were so shit, that many soldiers wanted to go against orders and proceed with the Christmas ceasefire anyway (as an act of rebellion against their commanders).

    Legend has it that soldiers picked Still Nacht (aka: Silent Night), it being one of the few bilingual Christmas Carols. If both sides in the trenches started to sing the song, you knew it was safe to partake in the ceasefire, allegedly with another confirmation of Oh Come All Ye Faithful (another Christmas carol).

    This all proves one thing. It’s not the leaders or diplomats that really matter per se with ceasefires. It’s the soldiers at the bottom. If they refuse to shoot, then the ceasefire will happen. With orders, or (in the Christmas miracle…) sometimes AGAINST orders.


    It’s not a complete miracle, as some reports of fight / killing still happened during the Christmas Ceasefire. But there are reports of hundreds of thousands of French, British, and German soldiers exchanging Christmas gifts (coffee and other trinkets), playing soccer and more. So it largely was a success.





  • You’ve got equities, debt and derivatives.

    Equities are ownership into shares. These are the simplest to understand. You own a share of a company and thus are entitled to a % of the profits (though most companies today choose 0% as their decision).

    Debt means funding… debt. SLABs (student loan backed securities), MBS (mortgage backed securities), bonds (government debt), bank loans etc. etc. These are surprisingly complex in practice but perhaps easiest to understand. There’s lots of different details to debt (callable, puttable, tax free, convertible, coupons, notes, bills, bonds, I-bonds, EBonds, 10Y, 3M, overnight repos). But in all cases, you lend money to someone, and later they try to return it to you + a little extra.

    Derivatives (usually options but there are many kinds) are new inventions that are more complex. Ignore these as they are very very complex.


    That’s about it.

    The general recommendation is to buy an ETF for equities and an ETF for Bonds. ETF is just a combination of simpler investments that you pay 0.04% to 2% a year for convenience.

    VOO takes the 500 biggest companies in the USA (aka the S&P 500) and buys mostly the biggest company and a very little bit of #500.

    BND is a similar idea except it’s a whole bunch of different debts from across the entire economy.

    So buy some equities (mostly equities), some bonds, and leave some cash in a high yield savings account. Done.

    Stocks (aka VOO) make the most money on the average, but also loses money the most often.

    Bonds (aka BND) makes middle amount of money but rarely loses money.

    Cash / savings accounts never lose money (except inflation). But makes very very little. It’s still worthwhile to keep necessarily amounts as cash and this you should always be considering how much cash to keep.




  • Trump has almost a 90% approval rating among Republican voters.

    Yeah. Because he’s better than Harris to Republicans.

    But go talk to Republicans about Tariffs. They kinda disagree with him on that. That’s a “hold your nose and accept it” deal. Many Republicans aren’t racists, but they’ll hold their nose and vote for racism for the good of the party. (See Latinos for Trump and so forth).

    You can’t even figure out the basics of politics so you’re gonna lose again at this rate. So lets be clear: no one likes their party that much in American politics. But we all know that “the other side is worse”. Republicans truly don’t agree with much, they just believe Trump is better than the alternative.

    If you can’t give that level of support to your side (be it Biden or Harris, or whoever else comes up), you’re gonna lose to the next guy again. Whoever it is after Trump. With any luck Trumpism can be defeated, but Republicans will remember this win from Trump for the rest of their lives. You’re stuck with Trumpism as a philosophy for the next 15+ years at least. I kid you not, because Republicans see and think that its working.










  • Ummmm.

    ACH is how you get your paycheck, and it’s being updated to FedNow.

    Zelle is an independent network as well.

    And of course, there is Discover and AmEx.

    There is also cash, check, money order. They still work today, just people largely forgot how to use them.

    IIRC some Brazilian network was getting very popular off of this. If you want to look at non-US options.

    There are plenty of competitors to Visa/Mastercard/Paypal.