It’s debt stacked on debt. The money isn’t real, just the consequences of decades of credit expansion.
Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders.
But there’s very little real money in real pockets. At the end of the day, it’s borrowing power that makes you a billionaire.
All that venture capital. Gone into rich people’s pockets.
It’s debt stacked on debt. The money isn’t real, just the consequences of decades of credit expansion.
Now we either deal with a cascading wave of defaults (a la '29, '73, '86, '08, and '23) or we rush in with state credit to bail out all the private lenders.
But there’s very little real money in real pockets. At the end of the day, it’s borrowing power that makes you a billionaire.
Couldn’t happen to a nicer pack of jackals.
Where do you think the venture capital is coming from?
Other rich people.
It’s all fucking monopoly money once you’re that rich