DownvotesStarWars
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Everyone in the US Tech industry (and other sectors) is sleeping on the Davos breakup by Mark Carney, it’s real and it’s going to be PAINFUL for the US companies. I’ve ranted about this topic enough times in the past, but the key points:
-We’re not a trustworthy ally anymore
-Our tech industry repeated runs into problems with other countries that they cannot lobby (bribe) their way out of, it’s a pattern
-The rest of the world needed time to develop the infrastructure to reduce dependency on the US, the reelection of discharge and his unhinged second term just confirmed their need to speed up this development.
-(this one is personal) I really want to see Silicon Valley giants brought to their knees. Fuck em, they deserve it.
-repeating the first point because I see my maga fans are back today, no one fucking trusts us and it’s largely because of Discharge and his enablers.
luv2laff80
Just another way tRump has screwed America!
quade
As an American, good for them! (also, fuck! Another case of Trump fucking America in the ass without consent or lube)
FreePalestineAndTheWorldFromIsrael
Fucking push it.
Tjitso
US company wants to buy our (Dutch) online payment service iDeal. So obviously the Dutch government is now desperately trying to delay that while looking for a EU alternative. Same with cloud services, we're looking at reliable and safe EU based alternatives.
TheRealArclight
meowingintensifies
Good for them. Means more jobs in those countries (to develop and maintain the software) and more education to innovate. Must be nice.
beaubrent
The USA has been acting like a gas station crackhead, the world is sensibly and quietly turning away.
KosmsLabyrinth
The world is fracturing, instead of coming together. No one sees it, but the human race is doomed. We could have lived up with the stars, instead we're here forever. Once the ghoulish leaders lose their minds, the red fire flowers will have bloomed.
anuril
Also because many people hate many products like from microslop, and just need a fake because to drop it like hot coals of shitty software
Whoisthisdoctorwho2000
For tree dwellers like me that dont thinknits possible to shift, remember 6 years ago Skype was a verb, a world standard and had no credible competition, now its gone. Users can adapt and change as procurement changes
shivernsnake
I'll believe the EU are serious when they start to plan their own Internet without reliance on US routing/DNS services. Until they do that, using non-US sw options is irrelevant.
kurvarVillain
Trump is pushing for a crypto stable-coin that will peg the USD and be stablized by issue of US debt. That is going to net the trump brood billions as the USD collapses because no international partners want to hold rapidly devaluing asset classes.
So there is that, too.
https://academic.oup.com/jiel/advance-article/doi/10.1093/jiel/jgaf050/8439773
Navrodel
Frankly all of the US tech giants have been running roughshod over international regulations for too long. Having alternatives to vital services that don't lead to huge gaps in the market if the US needs to be sanctioned is only smart, and is probably a double win for everyone involved.
iRegretThisUsernameAlready
It’s a good thing a few legislators started waking up years ago and weaning their governments off Microsoft. They can now accelerate ongoing shifts rather than start from scratch and muck it up because no one’s ready to use anything else.
Bundalicious
It's time to make the USA irrelevant. Planet wide trade/travel embargo. Pull their debt markers. Enough is enough. That pedophile shouldn't even be allowed at any talks with other world leaders.
Macwalrus
If I had money. I would put it in European weapons manufacturers
ArgentXero
If Europe is going to boycott, divest and sanctions the US then might as well extend that to Israel which is an extention of the US.
RexRexroththe1st
When you're right, you're right. And it looks like the US is an extension of Israel these days.
brianglass10
I feel so great again…
MioTaalas
There are PLENTY of open source alternatives available that could replace almost everything used by governments and businesses, but they've decided to be trapped into these ones...
We need regulation to throw the money instead into developing these open source solutions instead of paying businesses for their BS...
It's a matter of national security and independence...
Chaoticgoodsoul
Give the EU a couple of years more....they turn slow, like an oil tanker, but once turned...its gone.
Whatdoyousaytoanicecupoftea
ARM yourselves against intel
GlenL
Maybe Germany will invade the USA to save them from the Nazis?
MrTimsel
Err... Absolutely no. Our far-right is leading the polls, sponsored by Musk, Putin and, as far as we know from the most recently published Epstein files, even by Thiel and Bannon. I fear they will win the next elections and break up Europe.
thereisnodarknessbutignorance
Worry not dear US citizens and corporations, at least we pay all your Tariffs, those sweet, sweet Tariffs
Feralkyn
THE *KILLS WITCH*
Feralkyn
Like damn is this the Etsy witch or what
SavageDrums
Switched from Google to infomaniak.com a while ago, thrilled with the decision.
BeastofKnowledge
Almost all tech will start to become obsolete as the satellite network collapses over the course of the next 20 years due to space debris.
/gallery/kessler-syndrome-wNwD29m
jasperthebear
Biggest piece of space debris…..
Filanwizard
Though that is technically not a problem as its in a heliocentric orbit with Mars.
RuffyRuffHausen
Yeah, Europe is pulling the plug after all the bullshit with the orange tyrant. Seems like trade deals with asia is the way forward.
unluckyandbored
He keeps going the way he's going, dealing with Asia is going to be a no-go too.
shorey66
UK prime minister Starmer visited China recently and a loose trade agreement was agreed
GeneralPrower
Not that China is any better, but it's good to see Trump take another L regardless.
PostHartmann
China is nationalistic. The Orange Criminal and his supporters are not. Somebody give me the word.
BrdCdn
Lawful evil vs chaotic evil. At least you know where you stand with China. Much easier to deal with.
Leonon
Businesses don't care about human rights, they care about reliability.
TheAmazingBlahaj
That kill switch gets activated if Trump just even looks at any European country or part of a European country with a side-eye. If it were up to me, that kill-switch gets pulled as soon as possible, regardless of the orange sh*t stain on his motives or lack thereof.
chaylar
Greenland counts.
xj4low
Trump would just double down like he always does.
abc987
That seems bit exaggerated. EU doesn't want to use that killswitch. And wouldn't do it lightly. But i do fucking want EU to use it if orange turd doesn't yet again understand that no means no.
Same kind safety measures for china too even tho for very different products.
Goldensands
If you actually meant that you'd be asking them to use it since 2016.
InTangier
It doesn't want to in the same way that it didn't want to deal with a second Trump admin. Messing with critical infrastructure is not something to be taken lightly.
That being said, look at the folks truly controling that critical infrastructure, and how even an Elon can cause huge problems. Digital sovereignty is going to have to happen, and if it needs to be private, we need to keep those companies on a short leash.
Capybellie
I'd say the Killswitch is the last option. Before that happens we'll get tariffs and other punitive measures on US tech
foozlewastaken
As a European, I hope you're wrong, but I believe you're right on this one.
I'm afraid the EU in general considers itself a bit as "too weak to stand on its own", so the EU threatens a bunch and the original statements get winded down a notch, never really gone.
To me this is the perfect way to remain dependent.
ourari
This has been going on for a while now. Microsoft and others have been trying to sell products with a guarantee that data is processed on EU servers, etc. but the problem is FISA and Cloud Act: American-owned companies or even an American employee means the U.S. can demand access, and can bar the entity or person from telling anyone. So true EU- sovereignty means not American involvment of any kind, full stop.
ourari
not = no*
cuttysark
a very important disctiction to make too
cuttysark
I don't like the cloud at all
SaturnineCult
The reason for that cloud-push is only because big companies are not seeking normal customers anymore, they are seeking renters.
cuttysark
an excellent point. I got rid of my Ring cameras and put in Reolink equipment
VictorDenn
As a part of the uncoupling, the shift from using the USD as a reserve currency is going really have long term negative consequences for the US economy. Protectionism is going to completely sideline them.
UnprunedSynapses
I feel like the world moving away from the US is like when tons of people got to work from home. Break free, brethren
unluckyandbored
It will put the US into an economic tailspin.
valen00
I suspect though I may be giving too much credit that this is actually part of a plan. Crush the dollars relative value, hyper inflation for a while, use the worthless paper to pay off debts, then issue a new currency. I wonder where we have heard that play before?
NKato
Correct. The only viable remaining currency that works as a reserve currency is going to be the Euro. You can't make a manipulated currency a reserve currency, so China is out. Russia is out. Canada and Australia do not have large enough economies to generate the financial pull to be a reserve currency. That leaves the Euro, with the British Pound a distant second.
DracarysBlackfyre
If australia can be part of eurovision, surely we can be part of the EU?
billstranger
Make us (CAN) part of the EU (we border at least 2 European countries, I believe) and work us into the EU. As long as Canada is still sovereign, I believe many Canadians would be into this considering the current geopolitical climate.
abc987
Denmark, yes. But what other? Since greenland is part of Denmark in such context. One point you might have been able to walk to norwegian islands but i doubt it with global warming
billstranger
St Pierre et Miquelon is part of France. And is a spit's spit from Newfoundland
abc987
That one is news to me. Thanks, Bill!
cuttysark
seems to indicate that investing outside the US might be a good move for individual investors
Filanwizard
A diverse portfolio is always wise.
afterdarkart
I have been slowly allocating my investments overseas.
JimFromMarketing
Thus compounding the problem for the U.S.
ChelChehalem
Got it in one. US investment advisors are strongly suggesting diversifying out of US companies. I was in a meeting for the finance committee of a mid-size regional non-profit and we were told that to preserve our endowment we needed to reduce our positions in US companies and (no surprise!) oil and gas.
cuttysark
damn, that's more significant than BOA's Dimon talking
shadowdorothy
Yeah, I did a while ago during dumb fucks 1st term.
Then again I put it into gold mining, which, I mean, I know it's fraught with issues now, but younger college me didn't.
cuttysark
hey, if you bought 6 months ago and you sold even yesterday you did well.
shadowdorothy
Haven't sold. It gives me about 100$ in dividends a year cause it's stock in a mining company. But that's still $100 return from my roth ira. If we ever get to keep those in the future.
cuttysark
I've been considering investing in mining or processing companies. I'm late to the game so I probably won't invest there.
CheesecakePi
Personally, I transitioned a portion of my portfolios into international growth indices about a year ago, because the US market is going to take a massive body blow whenever the AI bubble crashes.
choppedliveraldente
Oh gosh I do love when we do this
CrazyCatLad
Where do you invest? aka what Platform? I recently jumped on Fidelity and know very little. Never liked the idea of the stock market even existing but hoping to leave something for my kiddo!
CheesecakePi
For my general stock investments, I use Schwab. At the time, their UI was intuitive enough that I could easily navigate and filter the nine zillion different ETF funds to find ones that matched what I was wanting, but also had lots of detailed investment info IF I ever wanted to dig more deeply into anything (which I usually don't care to).
CheesecakePi
But that was several years ago, and last time I was looking for something new, I found it DECIDEDLY less user-friendly. (shrug) But them's the breaks with companies constantly trying to "modernize". IMO, unless there's some really compelling reason to switch platforms (like, ugh, still charging trading fees in this day and age), there isn't much point when most of the platforms tend to be be 99% identical for most of us.
AawesomeAardvaark
Look for vanguard funds. They're generally low fee and pretty broad. Should be some international focused ones if that's what you're looking for. I moved most of mine so I'm like 70/30 outside of the US now.
CrazyCatLad
Oh okay I have some in Vanguard...but just checked and have none International. What I'm still trying to figure out are Expense Ratio costs and if by the end of the year, I'll cover that with dividends. Seems like that is generally the case but I'm only a couple months into this. (I do have some stocks my parents set up for me but they just auto-reinvest the dividends. I really need to get that transferred over to me officially)
AawesomeAardvaark
If you're curious about learning more look up bogleheads guides, it's basically "keep it simple in 3ish low-fee funds, then stay in the market as long as possible and you'll out-perform anyone that tries to trade and time the market".
AawesomeAardvaark
Honestly, don't think too much about it. Dividends should always be reinvested and are not something you should be looking to increase, nor are they a way to combat fees. You want broad funds with low fees. Many ppl are afraid of the ai bubble bursting so are moving out of the S&P500, but nobody can predict the future. Nobody is good at predicting markets or if they are they definitely aren't giving tips on the Internet so don't listen to the noise.
DownvotesStarWars
Kinda hate myself for this, but yeah that was a thought that crossed my mind too.
“So you’re telling me there are growth stocks in the EU…interesting “
1stDrunkJoe
Thanks for posting this information, I bought Rolls Royce during the pandemic at $1.80. Time to start looking at other companies in stable democracies.
readbackmonkey
India is seeing a lot of growth too
DownvotesStarWars
Yup, and they sit in a position to cash in on this break up. Skipping the US drama and trading with a bunch of smaller but reliable countries seems like a safe long term bet for Europe and Canada. (IMO)
Sucks for us but we deserve the banishment from the adults table.
readbackmonkey
You really dont, but you do need adults back at the table.
NKato
My problem with this is that most of the options available to my 401k plan are domestic, and very few are foreign.
1stDrunkJoe
Without an employer matching contributions, a lot of 401k plans are garbage anyway. They're charging you to play with your money. Picking stocks isn't as mysterious as they'd have you believe, especially index funds.
NKato
I sent an email to the 401k administrator asking for foreign investment options.