• cabbage@piefed.social
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      15 hours ago

      If you’re curious, here’s a breakdown of where the money is invested.

      To be fair part of the reason we have so much money in the US is because we bought stocks before this massive bubble - when it bursts it’s not like we will have lost the money. There’s so much money the only way it becomes worthless is through a full global economic collapse, including infrastructure, real estate, everything.

      I’m mostly just angry because so much money is pumped into things I hate, in my name, and it’s not even up for election. The Norwegian sovereign wealth fund has around 240 billion USD split between Nvidia, Apple, Alphabet/Google, Microsoft, and Amazon. As we’re 5.6 million people, I effectively have $42 606 of oil profits invested in these five companies who are actively destroying the planet, and there’s nothing I can do about it. And instead of using the soft power that comes with the investments they want to remove guidelines so that they can invest more actively in genocide technology or whatever.

      • wonderingwanderer@sopuli.xyz
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        8 hours ago

        You know you could do something funny (not you personally, but you Norway, even though I know you already said the fund manager won’t do it)

        You could protect your own assets by pulling it all out of the US stock market. And as a result you could kick off the cascading effect of a bear market and cause this bubble to finally burst.

        In fact every European country invested in the US market and reserve currency petrodollars could choose to do the same thing, on the same day.

        You could use it as leverage to negotiate with the insane current regime. Or you could just take off the kiddie gloves and do it without warning.

        Protect your financial futures and your sovereignty, and help us topple our corporate overlords and global hegemony.

        I know it’s not up to the average citizen though, and the people who have the power to do so are probably making too much bank from bribes donations to do it…