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25 days agoOne of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis’ book Flash Boys, which, like this video was made over 10 years ago.
Remember when sites would make bad decisions and then just, you know… fucking die? Reddit’s entire existence is owed to Digg imploding like the Titan submarine.
Notice how that doesn’t happen anymore? No matter how egregious their infractions, no movements away from Twitter or Facebook - no matter how deeply they are infiltrated/compromised by runaway fascism/capitalism - nothing has an impact. No backlash, no matter how huge - is strong enough to shutter these sites and make them stop being money-printing operations.
It’s almost like there is an infinite money glitch going on and no matter what, if you’re in the “in” crowd, your shit gets to stay around no matter how much everybody thinks it smells like shit.
Hm.