Sure they can buy bread, but here’s the catch: it’s like going to the bakery, asking for free bread with the promise that you’ll pay later because you can show 10 digit numbers, even if your pockets are actually empty.
So these people practically live on credit because the market value would crash if they sell.
At a macro level, 97 % of every dollar is actually debt (credit), mostly created by private banks to feed the system: https://econcurrents.com/2024/08/25/where-does-us-money-come-from-and-where-does-it-go/.
Sure they can buy bread, but here’s the catch: it’s like going to the bakery, asking for free bread with the promise that you’ll pay later because you can show 10 digit numbers, even if your pockets are actually empty. So these people practically live on credit because the market value would crash if they sell. At a macro level, 97 % of every dollar is actually debt (credit), mostly created by private banks to feed the system: https://econcurrents.com/2024/08/25/where-does-us-money-come-from-and-where-does-it-go/.