this post was submitted on 12 Jun 2026
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Its fugazi, this money isn't real, the worth is made up and expeculated.
The eventual implosion of the American is going to be crazy, I've never heard any American politician even say the word austerity, they'll be eating each other.
Well, no money is real. It’s all just a made up value a bunch of people nod their heads to.
And unfortunately, it looks like the country is going to go on believing Musk’s valuation, right into a cyberpunk corporate dystopia.
Ah yes, uNrEaLiSeD gAiNs.
Simultaneously worth nothing so it can't be taxed and worth billions so it can be used as collateral to take out tax-free loans from the bank.
Ever the paradox that one.
It's still fascism, so what you are describing is just Soylent Green but the citizens have the full freedom™ to chose any colour Soylent Green they want. #free
(Also they have austerity, it's just too big of a word to use publicly, but systemic cutting of programmes that don't transfer public wealth to a few private pockets has been going on for 50 years now. The talk is the same as "austerity" in eg British politics - gutting the funds for the lazy bastards in healthcare, education, transport, etc ... but not warcrime industry or the factory of tax cuts for the rich.)