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>>159679Simon Ateba @simonateba - So what I’m saying is this: just because someone says your house is worth $1 million doesn’t mean anyone would actually pay that amount. You might struggle to even get $200,000. Value, in that sense, is based on nothing solid. We’ve all seen property prices go up and down. In most financial crises, when the scam is exposed, houses suddenly sell for a fraction—sometimes 1/10—of what we were told they were worth.
Loans are given out on the basis of words, opinions, and claims about what something is “worth.” In reality, they’re based on nothing. Yet those loans are then touted as proof of success. But at the end of the day, they’re just loans. Many times they’re used to invest, but when they don’t generate money, the borrower files for bankruptcy—like Trump did six times. On paper, though, those loans and liabilities are paraded as assets, as signs of being rich and wealthy.
In truth, it’s just words, papers signed, and people’s opinions assigning value that doesn’t really exist. The poor and middle class don’t understand the game, so they accept the illusion—that liabilities are assets, and that the numbers are real.
Loans are given out on the basis of words, opinions, and claims about what something is “worth.” In reality, they’re based on nothing. Yet those loans are then touted as proof of success. But at the end of the day, they’re just loans. Many times they’re used to invest, but when they don’t generate money, the borrower files for bankruptcy—like Trump did six times. On paper, though, those loans and liabilities are paraded as assets, as signs of being rich and wealthy.
In truth, it’s just words, papers signed, and people’s opinions assigning value that doesn’t really exist. The poor and middle class don’t understand the game, so they accept the illusion—that liabilities are assets, and that the numbers are real.
https://x.com/simonateba/status/1957787859353530559Skscartoon @skscartoon - AI and robotics have the potential to fully solve illegal immigration and aging population issues.
https://x.com/skscartoon/status/1957787356255384008Social Security @SocialSecurity - 300+ MILLION Americans have Social Security numbers and 70+ million are receiving payments.
We're making historic improvements to keep the promise of SSA for ALL Americans!
https://x.com/SocialSecurity/status/1957895379740971239Speaker Mike Johnson @SpeakerJohnson - Congratulations, Kat! We join with you in celebrating the arrival of Augusta!
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