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Remember how we just gave like 10 trillion to corporations?
Surely they'll pay us back, we did spot them when they were in a rough place after all
Trickle down some mcnuggy sauce in my mouth
(I literally don't know why I typed this lol)
is this not just an unprecedented bubble waiting to collapse? the stock market is now completely detached from the actual economy
I think so, and interestingly enough there are rumblings too in the bitcoin community of an impending collapse in bitcoin. They could both go together.
it would be so cool if (assuming there must be a crash) it began with bitcoin traders
Not necessarily. I use bitcoin to buy my weed and contrary to speculators, I actually use it: buy the BTC, and immediately spend it. How much it's worth in real money is irrelevant, since you don't actually hold it for more than a few hours. If anything, less speculation would benefit drug users in terms of transaction fees. Cryptocurrencies in general are still bad due to mining/their ecological impact, mind you (and proof of stake just doesn't work).
Users? Not so much, we always spent that shit super fucking fast, no one wantd to keep any btc on hand if they have any amount of experience with how fast you can loose money both from the actual btc market and DNM exit scams stealing your shit.
Dealers though? Not sure, can't speak for anyone, but when I was following the DNM stuff quite a few years back, it was my understanding that most dealers cashed out their btc hella fast because the market back then was extremely volatile (like ~$150 drop in value in a matter of hours randomly.) Probably the old heads wash theirs fast cause they'd be extra fucked if they loose money on their own products, which can cause some serious problems depending on how their operation is setup.
Perhaps they hold on to it longer now but for the most part they still likely deal in cash for their supplier too
It's harder and harder to find ways to wash it. The feds are all over it now, it's not as anonymous and mysterious as it was back in the day, they can trace the blockchain for sure, but to what extent we don't know. They withheld so much shit on a lot their court cases, because they didnt want to prove how they track even the biggest time people. I haven't followed it in ages now, but I know for a time, to wash the cut was over 30%, so they likely didn't want to take any chances letting btc dip in price while holding cause the margins get thin
Its basically a measure of how well big companies are able to monopolise and exploit their staff - it's showing exactly what it should be showing.
Why the republicans will win in 2024. Depression will be blamed on Biden.
The US is now running a Black Lodge version of Chinese State Capitalism.
Whereas the CCP actually has centralized planning, and a goal, the US is just shoving money into the pockets of the ruling class for as long as they can.
But I don't know if we'll actually hit a crisis if they keep doing this. It's transparently corrupt, and is the end of markets. But if no one cares, this can presumably go on for a long time.
It's stable, so long as you do it correctly.
It is a bubble, it's just a matter of how bad it will get and how much "income-equality" it can sustain until REDACTED (the cool emojis)
all of those conclusions rely on the lie that the stock market is the economy
that illusion may soon be broken too badly for them to maintain
I'd Like to See Ol Capitalism Wriggle Their Way Out of THIS Jam!
Ah! Well. Nevertheless,
What even IS a share? Can I eat one? ... Can I have sex with one? If everyone decides a stock is worth more, it just goes up in value? If so, why did the feds need to inject so much money into the market for the line to continue going up?
I think I already know the answers to my questions but I'll never get over how abstract and strange our economic system is
It's great that the stock market works exactly the same as orks in 40k—if they believe something is true it becomes true.
Can I have sex with one?
No, but plenty of people jerk off to the thought of them.
I can't wait for it to come crashing down again when the second american civil war starts
then six months later it'll be back up to 35k points cause why not
same, if line go up then you made money
if line keep going down then your money doesn't matter anymore
In this game I play online on PC. Its called SE: Refunder edition. So in it you 'attack' stores by buying items like a MBP from apple, getting to keep it and getting a refund. All the other players are on telegram.
