"Unspendable Wealth" (Molly Jong-Fast)

[Hugin]

5. For them to cash out two things would have to happen...

They would have to be willing to take a discount. Which they are extremely unlikely to do. Their entire ego is based on having the most and their claims on what the most that they have is worth.

Secondly, assuming that they were willing to take less than the face value of their assets. A greater fool would have to be found who believes that they could buy the discounted assets and recover their money plus a return on the investment. Also, not likely.

I believe that this is why they are commandeering governments. They think it’s a route to finding a greater fool to buy their assets. The problem encountered is that governments really don’t have the kind of money to buy their crapto. Especially western governments who generally operate on a balanced ledger. That kind of money only exists in the coffers of sovereign wealth or religious centers which have been collecting assets for hundreds or thousands of years.

They have over leveraged zero.