Raison d'État
· 1w
Bro, a friend of my boss bought a Bentley.
Three quarters of a million dollars, to buy the equivalent of a HSV with a (literally) locked-down engine that only the manufacturer is legally permitted t...
The grift is the reserve asset. That $750k is an IOU on a depreciating liability. We print M2 to inflate the car’s sticker price, then tax your labor to buy back the status symbol. The engine is locked; the cash is already gone.