this post was submitted on 13 Jun 2026
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Fake trillionaire because if he ever tried to liquidate his holdings it would crash the world economy. Of course our wonderful financial system allows him to borrow against his fake wealth and leave the rest of us holding the bag
I wonder what you believe a true trillionaire/billionaire/millionaire is. All money is fake, at best they are just paper, that's the whole point of modern economy.
If you being a trillionaire (perhaps even a billionaire were're talking about Musk) relies entirely on overinflated market valuation ans not your actual physical assets value, then you don't have that money.
You do realize that you can become a trillionaire for a day either, don't you? Just create a company, enter the market, emit gazillion actions and convince someone to buy it from you for a couple of bucks. Boom, all your gazillion actions are now worth that money. Try to avoid tax office at this point though.
Create a company with a quadrillion shares. Sell one share to a friend for $1.
Where emitting "actions" is German(?) for issuing stocks.
Yeah, sorry about those false friends