Originally posted by RiverRat1
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Originally posted by M16 View PostVery true. It's a ponzi scheme. Run it up and then jerk the rug out from under all the investors. How can a company be worth 50% less from one day to the next?
How can a company like RCL go from 30 billion worth to 5 billion so fast?
Or Boing from 300 Billion to under 80 Billion?
It's insane... It just shows that more and more big companies are too leveraged. If their stock price falls they can't sell shares (or enough) and makes the price keep falling...The lower it goes the more people realize they can't pay their debts so it goes lower.
Maybe not in my life time but almost for sure in my kids this whole house of cards will come down. Or a period of massive hyperinflation. And I know people have been saying this for decades...and I may be wrong as they may come up with another "tool" as they call it to prop things back up again..and again.
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What needs to happen is massive scale bankruptcies, subsequent deflation, and restructuring of debt, but the central planners that got us into the mess to begin with think the answer is more debt. Our government (by extension, we the people) are so heavily indebted that wide scale contraction of the money supply makes it impossible to repay the existing debt. See the “Money as debt” videos on YouTube for a deeper dive into the root of the problem.
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