Like, maybe some failson at a hedge fund will take the fall for this and get hired in the same position somewhere else within a month, but the people who are going to get hurt the most are the poor people who come in last minute, think they're making a safe bet with their meager savings during a fucking depression, and get burned big time

  • RosaBremen [she/her,they/them]
    ·
    4 years ago

    I also feel like there needs to just be a lot more conscious skepticism of like, market/stock-based schemes since they rely on confidence? Like, all of the posts about people being able to pay off debts is essentially advertising/viral marketing to get in on the rollercoaster, which then makes it climb higher obv. So like, not that all of those sort of posts are false, but they fit into a narrative that in the end will probably just benefit capital.

    And like Brooke said, the people who get in later to this will be the ones most hurt, which will be all of the people hearing about a "sure-fire way to make a bunch of money" while hurting only 'Wallstreet tycoons.' The reason that this is so dangerous is because of the potential losses that will be incurred by those who really need help.