@lilithsaintcrow @cstross They're as real as money ever is. If you own those stocks and bonds, you can sell them or use them as loan collateral and buy real stuff. But since the demise of the gold standard, money has an imaginary component (bookkeeping in complex numbers?) and is subject to evaporation in a way it wasn't centuries ago. When the stock market crashes, (some of) those dollars don't go elsewhere, they are GONE.
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David D. Levine (daviddlevine@wandering.shop)'s status on Friday, 11-Oct-2024 15:42:02 JST David D. Levine -
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David D. Levine (daviddlevine@wandering.shop)'s status on Friday, 11-Oct-2024 15:41:46 JST David D. Levine @lilithsaintcrow @cstross My guess is that it's in the stock and bond markets. It's in the same place that the billions that vanished in the subprime crisis or the tech bubble were before they were destroyed.
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David D. Levine (daviddlevine@wandering.shop)'s status on Saturday, 20-Apr-2024 17:04:59 JST David D. Levine "Being alive is as special an occasion as it gets" 😍
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David D. Levine (daviddlevine@wandering.shop)'s status on Wednesday, 10-Jan-2024 11:49:28 JST David D. Levine Most of you are happy buying most or all of your books on Amazon and won't listen to my arguments about how harmful it is to the book industry. But Amazon is killing authors and publishers by degrees. https://www.thenation.com/article/economy/throwing-the-book-at-amazons-monopoly-hold-on-publishing/
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David D. Levine (daviddlevine@wandering.shop)'s status on Friday, 24-Nov-2023 19:19:27 JST David D. Levine Oh honey. That does not convey the message you seem to intend.
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David D. Levine (daviddlevine@wandering.shop)'s status on Wednesday, 15-Nov-2023 08:54:18 JST David D. Levine Cryptocurrency is, and always was, nothing but a scam. https://wheresyoured.at/p/requiem-for-a-meme
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David D. Levine (daviddlevine@wandering.shop)'s status on Friday, 22-Sep-2023 10:18:45 JST David D. Levine Time to update your Apple devices again! https://tidbits.com/2023/09/21/%ef%a3%bfos-security-updates-address-three-more-exploited-vulnerabilities
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David D. Levine (daviddlevine@wandering.shop)'s status on Saturday, 09-Sep-2023 21:48:02 JST David D. Levine We had NO idea what was coming.
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David D. Levine (daviddlevine@wandering.shop)'s status on Saturday, 05-Aug-2023 21:33:45 JST David D. Levine Global investment firm KKR has acquired OverDrive, which threatens the #enshittification of #ebooks at 95% of US public #libraries. (cc @pluralistic) https://karawynn.substack.com/p/the-coming-enshittification-of-public-libraries?utm_medium=email
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David D. Levine (daviddlevine@wandering.shop)'s status on Sunday, 16-Jul-2023 09:09:30 JST David D. Levine This is why I will not be going to see #SoundOfFreedom
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