Gould didn't tell his conspirators. Even his buddy Fisk was buying like crazy telling everyone gold was going to $200 per ounce. But this helped him sell massive amounts during the speculative frenzy, more than covering the losses of his partners.
Jay Gould and Jim Fisk were printing off stock certificates in the Erie Railroad, which Vanderbilt was trying to buy to form a monopoly on Eastern rail traffic. They were printing faster than Vanderbilt could buy.
If you're familiar with stock market history and the wealth of scams, manipulations and pools, and realize many people participating in crypto are in non-extradition countries face zero risk of punishment, one can truly appreciate how scam filled mkt is. https://twetch.app/t/b21718f3b1cee1df2287928c25f1aefecabc2207d22576bd8238613d15c46c31
1. Friend A buys asset for 5k 2. Sell to friend B for 500k 3. B sells to Friend C for 1M 4. “It’s going to the moon” -Twitter 5. C sells worthless asset to FOMO individual believing the hype for 1.5M 6. A,B,C split profit. https://bit.ly/3jRhBul
The final phase of a bubble is the dash for trash. The top assets are outperformed by the formerly ignored assets. Microcaps in stocks, the out-of-the-way or dilapidated housing, the shitcoins.
Theoretically, crypto works, but it is currently a speculative asset. When it rises, it is a sign of success for the globalists. Rising crypto prices create general euphoria. If gold rose like Bitcoin, there would be unstoppable mass panic.
There may be nothing to buy that works, but if there is one, it is physical gold. Ordinary Chinese and Indians can buy it. It is the largest market in terms of participation. Non-globalist central bankers buy alongside the people.