Comment Re:I too can turn $10 into $1. (Score 1) 130
It's in the hands of Nvidia, data center contractors, and real estate brokers.
That's the thing: it isn't. Those are monetary movements that exist only on paper, not realized. Company A "invests" $x on company B, which invests $y and $z on companies C and D, with C then investing $p back into A and $q into D, with company D then investing $r back into A and $s on B, and B also investing $t on A, etc. It's a Ponzi scheme, but in the form of a maze rather than that of a pyramid.
The purpose of those movements is to leverage stock prices. A company valued at $hundreds of billions that gets re-evaluated at $trillions due to all this paper-shuffling sees its stock prices rise. Executives and shareholders profit by exchanging their overvalued portfolios for actual money, and whoever is left with those shares on hand when the bubble pops and the market crashes (read: pension funds) loses.
The last prediction I saw on this said people are likely going to see half their lifelong retirement savings disappear almost overnight when that hits, all the while the billionaires who sold at the right moment will see themselves catapulted into almost trillionaires, with a few becoming outright trillionaires.
Maybe a Republican will bail them out.
Democrats wouldn't let those companies die either. Can you imagine all their hawks being content letting Microsoft, Apple, Oracle, and Nvidia cease to exist, and with them the global leverage those companies provide the US? No, they're all "too big to fail" no matter who's in charge. That's pretty much a bipartisan thing.