• Literocola@lemmy.ca
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    1 day ago

    Imagine alienating your core client base of the company that you use as collateral for all your business dealings. If Tesla stock tanks Elons loans get called in as the collateral would be worthless and he doesn’t have liquid cash to cover his other investments. Would be a site for sore eyes to watch him go penniless.

    • melpomenesclevage@lemmy.dbzer0.com
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      23 hours ago

      almost like money is just a fake bullshit excuse, and hasn’t had more than a thin cracked patina of ‘tracking who created value’ since at LEAST fractional reserve banking, if ever.