3 ms·

Why can't I collect on it?

• ceejayoz 6mo ago
  Betting on systemic collapse of society has a challenge at the winnings collection point. "Here's your trillion dollars. Go buy a slice of bread. Ooops… half slice. Well, quarter."
  • simianwords 6mo ago
    huh? he can just short the companies he's so concerned about
    • vrganj 6mo ago
      What good is that if the entire socioeconomic system collapses?
      • simianwords 6mo ago
        by shorting he can make money and give it back?
        • ceejayoz 6mo ago
          Yeah, except the money you made is now worthless. https://en.wikipedia.org/wiki/Zimbabwean_one_hundred_trillion_dollar_note https://en.wikipedia.org/wiki/Zimbabwean_one_hundred_trillio...
          • simianwords 6mo ago
            That’s not what would happen if he shorts it. It would be like 2008 recession where people did make money. In fact shorting is the moral thing to do now because it nudges towards bankruptcy faster
            • reverius42 6mo ago
              Unfortunately the market can stay irrational longer than you* can stay solvent. * For most definitions of "you"