• LwL@lemmy.world
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      2 months ago

      I’ve come to realize that this is all stock markets. They are vibes-based, in their entirety. Often the vibes coincide with economic reality, sometimes you have a powerful person bullshitting enough people to make the value go up (or down) which at a certain point leads to even those that weren’t fooled to join in because the price change is real.

    • supersquirrel@sopuli.xyz
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      2 months ago

      Yeah, not for long, what is happening is a series of pump and dumps to extract out a bit more profit for Trump’s small circle of cronies before the international community realizes there is nothing left to trust. It is like trying to steal blood from a dying person and expediating cardiac arrest.

      Same shitty nonsense as VC companies buying successful businesses with long histories and loyal customers and making a killing by selling trash to previously loyal customers and taking advantage of them until the company is a dead husk, but with an entire country.