Mastodawn

RE: https://mastodon.social/@nixCraft/116132892929193689

🔥🔥🔥

BTW this is like the Hapsburg incestuous marriages. the incest meant to limit exposure to their assets & #valuations.

after all, if you kept it in the family, who was going to question your worth? there’d be no outside auditors to dis/prove you.

what's happening with #NVIDIA is a form of finacial #incest : they’re passing around the same “billion” that exists only on paper; because all the parties involved SHARE THE SAME BANKERS.

this is why a valuation is like printing money.

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Rob Ricci Feb 25

@blogdiva See also: ENRON: selling stuff to another company so that you can rent it back and sell it again

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sOlOw-NH Feb 25

@blogdiva

No worries, AI will get us out of that...

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John Feb 25

@blogdiva

All the diseased shit that led to the Great Depression is going on again, this time in a much more opaque system with much greater potential for grievous collapse because of its interlaced and far flung supply lines and outsourcing.

We'll have a year or two of total horror when it all comes crashing down, during which politicians that refuse to discard the old system delay concrete action.

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AccordionBruce Feb 25

@johnzajac @blogdiva
It’s so obvious it’s happening

You’d think there would be some way to tell my mom what to do with the 401K so she can keep paying for my dad’s kidney treatment while he’s dying

What’s the “We know the wealthy are going to crash the system” investment plan?