/biz/ - Business & Finance

>>53098925
BAHAHAHAA. This shit is so fucking fun.

>>52791444
Market cap is calculated simply the last share sold by the number of shares outstanding. There is not actually billions and trillions of dollars trading hands.
If they are forced to fire-sale to cover GME losses, we are in the position to possibly vacuum up MASSIVE TRANCHES of blue chips and other stocks. We'll literally have first pickings. We will become the ultimate financial capitalists. The entire world could possibly roll right into our pockets.
It's so fucking absurd what could happen, I don't think any of us realize how insane this could possibly get. If the banks are all imploding, then who is left to prop up any prices other than the Fed? It's a recipe for Hyperinflation even depending on how much they have to spend.

>>51370971
>The answer is the banking system is a wealth-extraction scheme that requires an insane amount of purchasing power to be pent-up in paper assets.
Think about all of the tax incentives and how much effort goes to having people take a massive portion of their salaries to go and buy up overvalued stocks. Most of this shit is something you can't even touch until you are 65.
The financial system as it is set up really can't procure as much wealth as it purports. We all trade in our real capital for the novelty of a market that pays us passive income, because if our capital were to be stored in physical form the whole ponzi game would be instantly revealed.
That's the truth. Not everyone can go out and own 1000 ounces of silver. There is simply not enough. And what you CAN own a whole lot of is paper claims such as dollars, stocks, real estate, bonds that are all comically overvalued. Worth pennies on the dollar that you toil and scrape by because the tidal-currents of inflation are perpetually pulling you downstream. Only through 40 years of extreme exertion can you ever obtain enough stock to overcome inflation, and pay off your house, and pay your medical bills. None of it really adds up, that America is the wealthiest nation on the planet. Where does all of this money go?

>>51293836