If you're looking for evidence that the U.S. economy in 2026 is being held up by a clown-car of financial chicanery far beyond anything the C-Suite at Enron imagined, look no further than Digital Asset Treasury companies, which are themselves a grift built on a grift, claiming to stabilize their own finances by purchasing stock… of each other.
h/t Matt Levine, entertaining and informative as always.
https://archive.ph/6hJYb#selection-1929.0-1929.13:~:text=might%20look%20elsewhere.-,DAT%20ouroboros,-The%20basic%20idea
#finance #economy #economics #financialCollapse #houseOfCards