Company that makes nothing being traded from one ghost company to the next.
And the entire time the owners just get to live in giant houses and control governments and all the real shit in the world.
How. How is this any different than a tyranny of a religious caste telling you that the gods demand you give the priests more food and virgins.
It makes my brain scream.
a religious caste telling you that
thegodsdemand you give the priests more foodHave you been to church recently?
When’s the last time you saw a grouse in a church?
And the entire time the owners just get to live in giant houses and control governments and all the real shit in the world.
And their wealth is mostly perceived value based on the vibe people have about their company. They borrow against that perceived value to avoid taxes.
He made xAI buy Twitter at a value of $45bn dollars (minus debts). Exactly 1bn more than he paid for it, just so he gets to pretend like he isn’t a completely failed investor.
so he basically dumped another billion into the company by selling it to himself and plays it off as “now it’s worth more than when i bought it”
hey if it works for crypto…
So worthless xai stock (based on deepseek showing ai for the scam it is) for x which was once worth something as twitter
But hey he learned from Uncle Sam. The US dollar hegemony is basically take our paper for your goods and labor or we nuke you
I guess Elon just discovered “privatized MMT,” aka an infinite money hack.
I think private equity does something similar. Load a new acquisition with debt and declare bankruptcy
This is productive and innovative
All stock deal
Stock 'n trade
Stock and buskin…
