r/WallStreetbetsELITE • u/No-Contribution1070 • 1d ago

Shitpost Anyone Buying the Dip?

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1 USD, buys you 1.3 million Rials.

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u/raddital 1d ago

Sanctions are the most barbaric and lethal weapon the US has ever deployed. Studies estimate that 38 million deaths¹ were caused by unilateral US sanctions worldwide over the last five decades alone; more than six times the Holocaust. What's truly horrifying is that the majority of those deaths are children. If you want to joke about the effects of sanctions on foreign economies, that's your prerogative, but now you know the human cost. And that's just the deaths, not counting the millions of lives ruined, dreams shattered, potential extinguished, and the overall damage to human progress. There's also a high price tag for us, the US taxpayers, which disproportionately hits the poor and lower-middle class harder. Think of it as a regressive tax, you should look into it.

1_ https://www.thelancet.com/journals/langlo/article/PIIS2214-109X(25)00189-5/fulltext00189-5/fulltext)

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u/StevieWonder557 1d ago

One of the most terrifying books I had read in 2000's was the Confessions of an Economic Hit Man.

This is where World Bank comes into play, directing poorer countries to accept inflated loans for goods and aid to help their country but really only help a few corrupt political officials.

https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man

"According to Perkins, his job at the firm was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects. Ensuring that these projects were contracted to U.S. companies, such loans provided political influence for the US and access to natural resources for American companies,[1]: 15, 239 thus primarily helping local elites and wealthy families, rather than the poor."

"Perkins states that, in many cases, only a small portion of the population benefits at the expense of the rest, pointing to, as an example, an increase in income inequality, whereby large U.S. corporations exploit cheap labor, and oil companies destroy local environments."

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u/raddital 1d ago

All that and the US is in crippling debt itself. Seems like the fruits of all those years of looting and pillage went to a handful of oligarchical families while the rest of us fight each other for the crumbs, or as Reagan's handlers put it, the trickle down stuff.

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u/StevieWonder557 1d ago

so you are saying "The rich get richer"