Nvidia
Since the great stock market crash in the US that plunged the US economy into crisis, only Roosevelt's New Deal has managed to get by, digging ditches and piling up rocks, which are real assets, with real raw material flows.
What happened in 1929 started earlier when people were convinced that they could live economically just by making money from stock exchange shares.
So they built a fictitious cathedral that got the credibility demonstrated by its own success. Where people could check the payment of detached income from companies whose shares and balance sheets began to deviate from the daily quotation on the stock exchange.
All it takes is a small variation in profits of 1.7% in the quarterly balance sheet or a notice of a reengineering to cut costs or increase capital or production, an announcement of a merger with a large company, despite these expectations generating a forecast of a drop in losses of 2.8% or a profit of 3.5%; these variations can generate an avalanche of demand for shares that can cause an enormous demand for acquisition that can generate a 500% increase in the value of shares against whose promised profits of 1.7% mentioned at the beginning of this paragraph, and these facts are mathematically and logically separate from each other, mere hysteria of buyers eager to acquire shares that guarantee dividends, which are the profits from the company's activity that are earned without having to work; only expectations do this.
The most common situation occurs when, for unknown reasons, but usually due to manipulation of purchases and sales, observers of the upward and downward movement of hundredths of cents in the value of securities in a second on the trading price chart make their purchase or sale bets, and these movements are autonomous and do not have any relation to the situation or performance of the company, only normal market variations. This is called day trading.
Before the Internet, it was called overnight, which was the time needed to find out when the next day's purchase and sales trading session opened, whether there could be any news: such as large brokerages changing share positions to settle forward payments for accounting commitments or other needs, and this movement due to supply and demand causes disproportionate price variations.
The unwary may be frightened by the variation and jump on the bandwagon and may think that the shares are falling and then rush to sell their positions to minimize the possible loss, or on the contrary, start buying because the prices are below the equity value and the company does not present real market problems.
What happened in 1929 in the US is that people stopped working to wait for the fake companies and brokerage frauds to generate profits or fall as happened in 2008 with the Madoff fraud, but in its favor, capitalism is essentially a bubble where banks create money through bank deposits, every economist knows how the creation of fiduciary currency works.
There are protections for the control of virtual currency such as cryptocurrencies that have always existed but without the name and charm of Bitcoin, Petrus, and a few others backed by fiduciary virtual currencies still little understood by ordinary people.
Some political scientists with Fernando Henrique Cardoso, Enzo Falleto, Immanuel. Walleinstein created a theory of the World System when they proposed that the central countries would export industrial units to semi-peripheral countries such as China, India, and Pakistan, and the peripheral countries would be suppliers of raw materials, with the central countries keeping the information technology, engineering, finance and monetary control, the world currency, the SWIFT credit and payment exchange system, the international language, English, and the Internet communication networks.
The plan could work if each party remained within its own competence: center, semi-periphery, and periphery.
As we have seen, the periphery assumed technological prominence with technological China, created alternatives to SWIFT, and created the BRICS; everything went wrong with: the creation of the EU, and the single currency, the EURO; little by little the Anglo-American hegemony plan sank, with its idiosyncrasies and unpredictable events such as: Islamism and Islamophobia not foreseen in this scheme; the oil crisis in 1973, which increased the price of oil twenty times in one day; the Falkland Islands war; the Cold War with Vietnam, Korea; the invasion of Cuba; the blockade of Venezuela; the Syrian war; the Israeli war; the Iraq war; the Kuwait war; the Yugoslav Balkan war; the invasion of Libya; and finally the Ukrainian war; this epitomized the agony since the fall of the Berlin Wall, when the former USSR and communism were thought to have been liquidated without the cultural revolution in China; the most dangerous and recovered Great Russia was born, with experience of knowledge. nt of the strategies of the past with the US that remained with 950 bases spread across 95 countries without dismantling NATO.
The value of NVIDIA as the economy of companies with shares on the US stock exchange are built and constituted by a shameful speculative virtual structure as in 1929 where the company TESLA is worth more than all the automobile companies in the world combined, simply driven by the speculation of the country that became addicted to the rentierism of the stock exchanges, where the distance between the virtual and the real is measured by exponential values creating and destroying trillion-dollar wealth without the real equivalent of the production of tangible goods such as the automobile industry without the support of speculation and the expectation of promised climate change with the rise in the levels of all oceans, the desertification of the Amazon, the destruction of the ozone layer and the global food crisis, promised tragedies such as the nuclear winter sold during the Cold War that ended suddenly in 1989.
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