The stock market is fake

This is an excellent summary of the economy as we experience it today.

How The Stock Market Made Money Even Faker by SOME MORE NEWS | Cody Johnston (YouTube)

“The thing I keep saying and will always say, money is fake.

“Money is fake. It’s a hallucination we all agreed upon. Now, it being fake doesn’t mean it’s unnecessary, but it’s fake and it’s never been more fake than right now.

“The first corporation that ever went public, the Dutch East India company raised money to support its colonization, that sucked.

“But today, when companies issue stocks, they don’t pour the profits into anything real. Not R&D, or wage hikes or expansion, not even an evil real thing. No, they pay their earnings out as dividends, then proceed to do stock buybacks, to elevate their market value temporarily, both creating wealth and short-term gains for stock owners without actually producing anything.

“And, if things fall apart, the Fed just lends them more money, which the companies use to just keep LARPing the economy. For real, most US corporations’ entire capital investment comes from their earnings. Their borrowing from banks is merely about financial engineering to facilitate machinations like buybacks or mergers or corporate raids, which often deplete real production because many companies that do buybacks or mergers often downsize or outsource, while corporate raiders typically strip their acquisitions and sell them for parts.

“It’s one big sham, completely separated from the actual value of the products they’re supposed to represent. And we’ve, for some reason, used all this LARPing to define our economy, our country, our financial system, kidnapped by people who scammed their way into getting and staying rich without offering anything back, who gamble with everyone’s money and then get bailed out the moment they screw up.

“There’s a word for that, it’s leeches, scumbags, lowlifes.

“Seriously, anyone who tries to rant about welfare queens should be thrown in that pit from “The Dark Knight Rises.” It’s hard for your average Joe to do anything about the hogwash I just described. So we at least need to recalibrate what we as a country think a degenerate parasite looks like. They don’t look like a single mother on food stamps. They look like Ellis from “Die Hard.” […]

“Money is fake, that’s the point, all right? The stock market is fake and corporations and the rich are leech lowlifes, gobbling up your hard-earned money and giving nothing in return except even faker money.

“Unlike the very real money you can get using Polymarket. Polymarket because you too can be a degenerate gambler like Cody and like the folks on Wall Street.”