It’s not, not even close. He’s worth a trillion because investors are investing in him. If he tried to sell everything the 350p/e stocks would go to 20 instantly making him only with 10 billion. He still owes 40 billion on Twitter.
He would be bankrupt overnight if he tried to sell it all
If you owe the bank $1,000, that’s your problem. If you owe investors $1,000B, that’s their problem.
One would think that investors are smart enough to know that this is a shell game. I think what we’re seeing is that they believe they have won the quiet war of capital vs humanity and are no longer afraid of consequences.
We’ve all ‘bought in’ via 401k, HSA plans and other retirement ‘vehicles’ and they think we can’t bite the hand that feeds. Crashing this ‘line-go-up’ would mean we lose “money” too.
And they may be right… but I think we’re rapid approaching a point where that hand no longer feeds, and that hand is quite close to the head. If $1T of this fake money disappeared overnight, the cash in my wallet would become worth a lot more; or we’d switch to trading in bottle caps. The techbros found the infinite money glitch and are printing virtual currency at the cost of real people who will eventually notice and turn on them.
They are even taking away our circuses: My decade-old computer has literally APPRECIATED in value over the last 12 months and the industry that created the products that are being traded right now has completely pivoted away from the consumers that made it. I can’t afford to replace the parts I currently have if they fail.
Even people who don’t call themselves gamers will feel this squeeze when their current iphone battery degrades, can’t be easily replaced, and the new model with no actual value-add beyond battery costs $5k because silicon is all tied up in some useless datacenter no one can afford to access. Oh, and you need a phone to respond to a captcha so you can apply for food stamps, a job, or interact with the chatbot that is gatekeeping whatever else you have to do to survive.
When it comes to leveraged loans for buyouts, it’s the same difference.
It’s not, not even close. He’s worth a trillion because investors are investing in him. If he tried to sell everything the 350p/e stocks would go to 20 instantly making him only with 10 billion. He still owes 40 billion on Twitter.
He would be bankrupt overnight if he tried to sell it all
If you owe the bank $1,000, that’s your problem. If you owe investors $1,000B, that’s their problem.
One would think that investors are smart enough to know that this is a shell game. I think what we’re seeing is that they believe they have won the quiet war of capital vs humanity and are no longer afraid of consequences.
We’ve all ‘bought in’ via 401k, HSA plans and other retirement ‘vehicles’ and they think we can’t bite the hand that feeds. Crashing this ‘line-go-up’ would mean we lose “money” too.
And they may be right… but I think we’re rapid approaching a point where that hand no longer feeds, and that hand is quite close to the head. If $1T of this fake money disappeared overnight, the cash in my wallet would become worth a lot more; or we’d switch to trading in bottle caps. The techbros found the infinite money glitch and are printing virtual currency at the cost of real people who will eventually notice and turn on them.
They are even taking away our circuses: My decade-old computer has literally APPRECIATED in value over the last 12 months and the industry that created the products that are being traded right now has completely pivoted away from the consumers that made it. I can’t afford to replace the parts I currently have if they fail.
Even people who don’t call themselves gamers will feel this squeeze when their current iphone battery degrades, can’t be easily replaced, and the new model with no actual value-add beyond battery costs $5k because silicon is all tied up in some useless datacenter no one can afford to access. Oh, and you need a phone to respond to a captcha so you can apply for food stamps, a job, or interact with the chatbot that is gatekeeping whatever else you have to do to survive.