Whole thing has always been built on quicksand. Fictitious capital being exposed for its inherent value, which is nothing.
It’s a whole culture of diseased addicts, monsters hyper-focused on Get Rich Quick scams. Which essentially are based around deceiving each other until one sucker is left holding an empty bag.
It’s no different than being a pathetic, bleary-eyed sap with a drink in his hand at 6:30am in front of a Las Vegas slot machines ).
This segment just reminds us of how insanely unstable, fundamentally corrupt and morally compromised the entire system of global finance/banking is. It’s nothing tangible anymore; the vast majority is insider, derivative schemes and scams, purposely opaque and designed in appeal fo those who are completely deviant in their insatiable quest for quick money.
When one tweet can send the whole market spiraling downward doesn’t that say it all. It’s the most irrational thing to allow such a sector to impact us all. If they wanna play games with money it should be with gambling chips like in blackjack. But with no connection or competition whatsoever with the money the 99% of people earn, often times at 6days a week in backbreaking conditions, with little protections, pension or healthcare coverage . It’s beyond immoral that our lives tied to such a system like being prisoners in a macabre game.
It’s downright evil.
Wall St speculation is grotesque and obscene in every way. Every few years it’s another crisis. Capitalism is the crisis. It’s a frothing monster wrecking everything in its way. That’s because at its core to be successful is to be the most deceptive and exploitative. It must be abolished. Let it all burn.