Re:David Rosenthal on cryptocurrencies
by AussieWog93 on Saturday February 12, 2022 @08:56AM
(#30312833)
>Stock markets is a game, designed to methodically transfer wealth from the peasant pockets to the ultra-wealthy that write the rules of the game.
What the fuck are you talking about? If the stock market didn't exist, it would literally be impossible for average people to own (parts of) extremely productive and profitable large companies.
The average Joe would just fall even further behind.
but to your point, you are exactly correct. Stock markets is a game, designed to methodically transfer wealth from the peasant pockets to the ultra-wealthy that write the rules of the game.
One, and most common, game is to have peasants as suckers of the last resort and have their pension funds buy all kinds of garbage because "mandates". Why would anyone want to hold negative yielding debt? But they do.