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Joined 1 year ago
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Cake day: August 5th, 2023

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  • Several reasons.

    1. The US is largely responsible for defining what 1st, 2nd, and 3rd World countries are.
    2. It has the largest economy in the world.
      (I think? That may have gone to China by now. Not sure. But it was true recently.)
    3. Even with everything you said being true. It’s still the wealthiest country in the world, by a large margin. Epically when you compare incomes, lifestyles, and infrastructure to actual 3rd world countries. It’s not even close.















  • That’s what I mean by using different definitions.
    I don’t use the terms gamble or investment exclusively as an evaluation or indication of risk; More as a term of intent.

    While I might not call a four week t-bill a gamble, I certainly wouldn’t call it an investment at all.
    I’d be more inclined to call a savings account an investment; as a savings account can be used for more long term financial planing of one’s future.


  • Yes. I’d call that an investment in crypto. A risky investment is still an investment.

    Maybe we just define the terms invest and gamble differently.

    I would say investment is giving your money / time / energy into something with the expectation / belief / hope that eventually in the long run, that thing will become what you want.

    Gambling on the other hand, is putting money / time / energy into something with the expectation / belief / hope that it will eminently get you something you want.

    Either could be high or low risk. They may not pay money out at all.
    You make an investment in teaching your kids to drive, so they will be more independent and capable in the future.
    You make a gamble on teaching your kids to drive, that they won’t get them selves into a wreck tomorrow.

    Gamble = Short term
    Investment = Long term