It's a self fulfilling trap. Everybody knows it's fake but everyone keeps buying because it's the only thing growing in ZIRP environment. Now they've concentrated everyone's wealth in a handful of fake valuation companies. What happens if there's a major correction? Same thing in reverse- everyone panic sells and trillions disappear
I pulled out my 401k and keep all of my money and assets outside of banks now. At the end of the day, the bankers are near the top of the list of people trying to fuck you over. I didn't want to support my enemies anymore.
It's called "crashing upwards".
Take a look at the Venezuela Stock Market
https://tradingeconomics.com/ibvc:ind
Yes if your stock price goes up no matter how good or bad your profits are you can pump out pozzed shit nobody wants.
It's a self fulfilling trap. Everybody knows it's fake but everyone keeps buying because it's the only thing growing in ZIRP environment. Now they've concentrated everyone's wealth in a handful of fake valuation companies. What happens if there's a major correction? Same thing in reverse- everyone panic sells and trillions disappear
I pulled out my 401k and keep all of my money and assets outside of banks now. At the end of the day, the bankers are near the top of the list of people trying to fuck you over. I didn't want to support my enemies anymore.
I only keep a few grand in cash. The rest is used for property and a few other assets that hold their value.
Honey trap. Classic pump and dump. Largest wealth transfer event in history. Quantitative fleecing.
I do not invest in corporations.
I invest in myself and my own family and friends.