Doing Fraud on Securities Fraud

In dot com bubble mattress companies pivoted to ISPs. Back then though, the announcement is what caused the speculative fury and let them raise more capital by selling into liquidity.

What is new is that simply being on the most shorted stock list makes reddit try to blow up some hedge funds by pumping the shares a few hundred percent - forcing additional buys by the hedge fund - alltogether creating enough liquidity to actually rescue the company if they sale new shares directly into the market! Sometimes the companies are asleep at the wheel and miss it. It took Gamestop months to wake up. I told people they could do this, many doubted.

People saw the criticism and created something else actually due to market forces

Its like wow there are so many good criticisms and you pick that one immediately after I gave you newer information that supersedes the main point of your old information?

Money doesn't really have physical value, only speculative (you want it because you trust that someone else will want it in the future).

Shares in public companies don't really have physical value unless you own enough to change the management. Sure you 'own' that fraction of the company and their assets, but the managers of the company don't ever have to pay you out any of it. Almost all the value of a share for most people is in its speculative value.

Art generally doesn't really have physical value, the value is almost entirely in the story that goes with any specific piece. This isn't just true of modern art, being part of the story of the Mona Lisa is much more important than the aesthetic experience of looking at it (they let plebs do that for free!).

Education certainly isn't something with physical value. Sometimes it has utility value for what you can do with it, but more often it's just something that people want you to have because it distinguishes you from people who don't have it.

Insurance doesn't have physical value, it's more the value of feeling safe, which is a meme.

Entertainment is almost entirely memes and people have been paying to listen to music or watch drama for millenia.

Even the stuff that we 'used to buy' that was physical, like a car actually has a huge segment of its value that was meme based. You can tell by watching what companies advertise for. They rarely advertise for utility, they advertise for meme value.

Certainly monuments like cathedrals, huge stone circles, shrines etc were memetic as well as physical, and humans spent a phenomenal amount of effort on those things.

A huge amount of stuff that people spend money on has been primarily mimetic going back into prehistory.

>Money doesn't really have physical value, only speculative (you want it because you trust that someone else will want it in the future).

And because you need it to pay your taxes in it

>Shares in public companies don't really have physical value unless you own enough to change the management. Sure you 'own' that fraction of the company and their assets, but the managers of the company don't ever have to pay you out any of it. Almost all the value of a share for most people is in its speculative value.

Nowadays the price depends mainly on that yes, but dividends are a thing, and legally (which is the only thing that matters in finance anyway since private property is also only legally a thing) you own that slice of the company and its assets. The price and the value are different

>Art generally doesn't really have physical value, the value is almost entirely in the story that goes with any specific piece. This isn't just true of modern art, being part of the story of the Mona Lisa is much more important than the aesthetic experience of looking at it (they let plebs do that for free!).

And in the tax avoidance schemes it enables

>Education certainly isn't something with physical value. Sometimes it has utility value for what you can do with it, but more often it's just something that people want you to have because it distinguishes you from people who don't have it.

Now we are getting more interesting, what's the difference between physical value and utility value? What's the difference between social value (it will make me desireable) or personal value (it will make me happy) and "physical" value?

>Insurance doesn't have physical value, it's more the value of feeling safe, which is a meme.

Only if you don't understand probabilities and risk management. Also, good luck buying a house without life insurance

Things have value because we need them (inelastic part of the supply-demand curve), things have a price because we want them (elastic part of the supply-demand curve).