When someone says Joe Bloe is worth billions, I always wonder if Joe could gather his worth in actual cash.How does one cash in these days. Banks and government make that impossible. Does Joe really have all of that money if he can’t touch it?
We’re in a world of virtual credits on a computer screen. The future of wealth is unseen, untouchable, and humanity is almost at a point when physical money is obsolete. So worrying about debt and deficit seems childish I mean they are just zeros on a computer screen.
The millennials are proof positive. On to a brave new world.
But suppose that yesterday's power outage in D.C. was not just a blown sub station in MD but the start of an actual cyber war and the Russians succeeded in both planting easter eggs in all our financial institutions and shutting down our power plants. Even if we get the power on, those easter eggs may come to life as the power comes on again and all those virtual dollars could be gone.
Surely Trump can’t tough a billion dollars. That’s why he keeps doing TV. Even Buffet and Gates would have to sell their stock to touch their billions and they would give 25% away to the government. And possibly the price will go down. Thats why Apple and Microsoft where down when everyone else was up. Gates was slowly selling his Microsoft shares, a million a year. And the Jobs family had to sell their Apple shares after he died.