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no no no this is the internet that’s not how we do things here
no no no this is the internet that’s not how we do things here
That’s like 1670 kilometres per hour at the equator.
they’re gonna need therapy
Older than what? Here are self reported stats from lemmy.ca:
people are still criticizing the Tiananmen Square massacre, and hasn’t anything happened since then? It’s like still making conspiracy theories about Kennedy’s assassination or 9/11, those are old news.
Lemmy skews old. For some of us, those are foundational events in our childhood.
(Kinda joking/kinda serious)
sadly, doge is bad at math
I highly recommend leaving them alone during mating season.
What’s the itty bitty warhead on your tinsy winsy missile, Mr. Rabbit?
Check the article. It’s pretty easy to choose the right option.
Yeah, the bond question doesn’t seem relevant to most people (unless they’re building a trading portfolio), but the questions on inflation and buying power shrinking over time are extremely important.
Unless we plan to go back to bartering, basic financial literacy is important. It doesn’t make you an evil exploiter to understand that we use money
Pretty much this. If people have a better understanding of how our system is supposed to work, they’ll get angry when the rich bad people take advantage of it.
The questions are basically “what is inflation?” and “what did they teach you in high school about investing in stocks?”
They’re pretty trivial.
I agree that the rich are able to get away with weird financial fuckery because they own regulators. But that may be because the average voter doesn’t understand how investments are supposed to work.
The questions weren’t about esoteric financial instruments that allow the rich to get away with murder, they were home ec style questions:
Stuff like
Imagine that someone puts €100 into a savings account with a guaranteed interest rate of 2% per year. They don’t make any further payments into this account and they don’t withdraw any money. How much would be in the account at the end of five years, once the interest payment is made?
Now imagine the following situation. You are going to be given a gift of [€1,000] in one year and, over that year, inflation stays at 2%. In one year’s time, with the [€1,000], will you be able to buy: [more, less, or the same]
Which of the following is true? An investment with a higher return is likely to be: [more risky, less risky]
Maybe part of the reason governments keep bailing out bad financial moves by private companies is because the electorate has decided investing is black magic and ignores it.
I was expecting something more risque
Let me guess, the downside is infinite teeth.