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Re:America's 1% Has Taken $50T From the Bottom 90% by maneesh on Thursday February 11, 2021 @10:41PM (#26110528)
this is a very insightful look at how people have changed their belief in what safe money is. In a lot of ways, money is a story of trust -- it's what you believe that other people will believe is true, is true. And when that fundamental belief of 'safe asset' moves from cash under the mattress, to cash in a savings account, to cash in an index fund, to cash in a cryptocurrency -- well, the ramifications are massive.

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