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   Dana Fried (tess@mastodon.social)'s status on Monday, 03-Feb-2025 23:08:40 JST Dana Fried

   Over $1T of stock value was destroyed overnight as a result of recent actions by the US. More is likely to come.

   I feel not for the investors, but for the millions of people who work in farming, shipping, retail, and manufacturing worldwide whose livelihoods will be negatively affected by these pointless and destructive actions.

   The only silver lining is that, having read Piketty, I understand that a lot of capital just needs to be burned if we are to have a chance to preserve democracy.

   • Embed this notice
     Kit Rhett Aultman (roadriverrail@signs.codes)'s status on Monday, 03-Feb-2025 23:08:40 JST Kit Rhett Aultman

     in reply to

     @tess There are plenty of ordinary people's savings and retirements tied up in those investments too.

   • Embed this notice
     Dana Fried (tess@mastodon.social)'s status on Monday, 03-Feb-2025 23:36:00 JST Dana Fried

     in reply to

     • Kit Rhett Aultman

     @roadriverrail for example: mine.

     Everyone is going to get hurt. But some people are going to lose their jobs *this week* and be staring down the barrel of homelessness and starvation - many of them in a country where social services have been suddenly defunded.

     This is going to be a brutal week for everyone, but working Americans and immigrants are going to bear the worst of it.

   • Embed this notice
     Kit Rhett Aultman (roadriverrail@signs.codes)'s status on Monday, 03-Feb-2025 23:36:00 JST Kit Rhett Aultman

     in reply to

     @tess no doubt. I was responding more to the language that I'd read as denoting "investors" as a group apart.

     And, personally, that's my "get my family out of the country" money. 😅