Post
Topic
Board Economics
Re: IPO is the rich people playground. Tax payer pay the price.
by
teosanru
on 26/03/2021, 18:53:48 UTC
Reminder only the ultra rich can get into many mega IPO, remember aramco? Only the rich can get the IPO price, once the stock is initially traded on public exchange, the stupid idiot sovereign fund would buy up all the shares bought up by the ultra rich at mark up price and make a killing from the foul play, and all these are perfectly legal, your 401k is criminally exploited to enrich the ultra rich to even richer, the ass*** ultra rich wouldn’t care.

Now we need to come up with a plan, by using ICO, IDO, IEO to force the tax payer pay the price too, what’s your take, can we force the inflation to come totally loose control to the point food price is no longer measurable with fiat paper money?
Ah! This is sounds more like a dream you would have watched last night. I mean let's for one second say that you are the new tycoon by breaking into the ICO, IDO and IEO industry you have discarded FIAT money and introduced Bitcoin as mainstream money and you are going to bring in an ICO where you would buy first before it's initially traded on an exchange. But now what? Similar to the earlier arrangement some other bitcoin-based hedge funds would drive the price further higher followed by some other poor people who would buy the coin at an overinflated price. What would change? You are the new villain of the Economy now and people would devise new ways to beat the system you have created. How can ICO be different in this context and how will Inflation play a role here? It's speculation not inflation that is playing it's role here.