4 ms·
A lot of US wealth is fake wealth in the stock market which is propped up by artificial money printing. EU wealth is real wealth, mostly outside of the stock ma
by cryptica 5y ago
A lot of US wealth is fake wealth in the stock market which is propped up by artificial money printing. EU wealth is real wealth, mostly outside of the stock market and hidden from view.
Any stock could be artificially propped up to be worth 1 trillion dollars. Just issue 1 billion shares and trade a tiny subset of those shares (e.g. only 1000 shares) at $1000 per share each day; there you have your trillion dollar company (since market cap is price per share times number of shares). You only need $1 million in cash to pull off this scheme. You just need to make sure that the vast majority of shares are kept off the market. This is not as difficult to achieve as it seems. The reason it's fake wealth is because none of the billionaire shareholders can cash out more than 100k in a day without massively crashing their net worth unless the money printer comes to the rescue at just the right time.