and one day the people are going to realise that there is no real value behind these companies and when they stop giving them money the bubble will pop and the world economy will hit a crisis, which is going to lead to even more people losing their jobs and everything getting even more expensive.
It’s so fucked, right? These guys go and get themselves insanely wealthy by playing games with the economy and make the system unstable.
Then people realize it, and the flow stops, and the charade is up, and one or two people get caught in the game and lose while the rest of them get off scot-free. The loser has to spend a couple years at a federal resort facility.
This bubble-popping bullshit is more akin to a game of hot potato amongst billionaires and they have no problem with the collateral damage.
This bubble is popping soon. There will be suffering. There will be starving children. Maybe even yours. Because these people are playing hotpotato.
Honestly I think most mega wealthy people would be happier if we just ushered them into a regular working class lifestyle in a regular working class neighborhood.
They’ve got this disease that seems to miss most people where their ambition is tied to amassing frankly embarrassing amounts of wealth. It’s embarrassing that they take it that far, but also that we’ve let them.
Like imagine if someone rolled up to your grocery store and bought 1000x more food than anyone needs? Not only is it sick, it’s actively harmful.
They’re not even pieces of paper these days…just entries in an SQL database that represent the promise of pieces of paper, which themselves represent the promise of a bank to honour a debt.
One thing that plays in is the percentage of stock market ownership is institutional vs personal (ex for the DOW, it’s 71% institutional). Will a bubble pop if the bulk of shares are owned by companies who are mutually invested in not letting the bubble pop?
and one day the people are going to realise that there is no real value behind these companies and when they stop giving them money the bubble will pop and the world economy will hit a crisis, which is going to lead to even more people losing their jobs and everything getting even more expensive.
It’s so fucked, right? These guys go and get themselves insanely wealthy by playing games with the economy and make the system unstable.
Then people realize it, and the flow stops, and the charade is up, and one or two people get caught in the game and lose while the rest of them get off scot-free. The loser has to spend a couple years at a federal resort facility.
This bubble-popping bullshit is more akin to a game of hot potato amongst billionaires and they have no problem with the collateral damage.
This bubble is popping soon. There will be suffering. There will be starving children. Maybe even yours. Because these people are playing hotpotato.
And they will face no consequences.
Man, is anyone else just tired of this?
We NEED to eat the rich. It’s getting close to a necessary survival response by now… (lol as if global warming will be deigning many ‘winners’ as is…)
Honestly I think most mega wealthy people would be happier if we just ushered them into a regular working class lifestyle in a regular working class neighborhood.
They’ve got this disease that seems to miss most people where their ambition is tied to amassing frankly embarrassing amounts of wealth. It’s embarrassing that they take it that far, but also that we’ve let them.
Like imagine if someone rolled up to your grocery store and bought 1000x more food than anyone needs? Not only is it sick, it’s actively harmful.
Have you seen the rich? They’re all horrible and sinewy
Thiel already ran away to argentina
Someday we’ll realize we destroyed the only habitable planet we know of for pieces of paper.
They’re not even pieces of paper these days…just entries in an SQL database that represent the promise of pieces of paper, which themselves represent the promise of a bank to honour a debt.
One thing that plays in is the percentage of stock market ownership is institutional vs personal (ex for the DOW, it’s 71% institutional). Will a bubble pop if the bulk of shares are owned by companies who are mutually invested in not letting the bubble pop?