Comment on It will trickle down any second now
Maggoty@lemmy.world 1 month agoYou say that but they can and do use that virtual value to buy bread.
Comment on It will trickle down any second now
Maggoty@lemmy.world 1 month agoYou say that but they can and do use that virtual value to buy bread.
phil@lymme.dynv6.net 1 month ago
Sure they can buy bread, but here’s the catch: it’s like going to the bakery, asking for free bread with the promise that you’ll pay later because you can show 10 digit numbers, even if your pockets are actually empty. So these people practically live on credit because the market value would crash if they sell. At a macro level, 97 % of every dollar is actually debt (credit), mostly created by private banks to feed the system: econcurrents.com/…/where-does-us-money-come-from-….