To Steelman: They say something like, the yield comes from the profits of the companies in the portfolio. (Which is increasingly not actually profit, but Cantillon Effect debt arbitrage.)
And as for the bonds in the portfolio, if they even know they’re there, they have no idea where it comes from.
If the average or even upper class worker’s 401k outperformed monetary inflation, the system wouldn’t work. Their savings *has* to be stolen from en masse to perpetuate the system.
toxicbitcoiner / Toxic Bitcoiner
npub1u8…m93f7
2024-06-12 16:22:53
in reply to nevent1q…tcwz
Author Public Key
npub1u87g378r0puytp7zxdl5awg2gmqvqc3vgtnh6a0vfgm4y8es7c3qam93f7Published at
2024-06-12 16:22:53Event JSON
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