RoaringKitty/Deepfuckingvalue on X
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (78)
sorted by:
I assume you are referring to hedge funds?
HFs are as much the problem as treads or turrets are on a tank thats aimed at you. Meaning, it just part of the mechanism, but not the whole problem.
The problem is that we are allowing private entities to print our money and control us with it. Everything else we see - the stock market, the HFs, the tax laws - everything - is simply an outcome of this fundamental mistake.
Real Wealth is when the central banks are blown out and every country prints its own money backed by its own assets.
So, as an example, if GME reaches $10,000, but they just print the money necessary for this and give it to the HFs then the hyper inflation will just make your 10K worth nothing. However, in the process it takes down the whole Fed. That is the real reason why I welcome MOASS, not because I will become insanely rich, but because we will finally become free.
In a free world with free open market economy, it will be very hard to have millionnaires, let alone billionnaires. The world's first millionaires got created as late as early 1800s after the first US central bank collapsed.
I honestly want to live in a world where richness is not in bank account, but in ability of people to build and afford awesome stuff.