Dana El-Kurd

We also know this, which is you go into a bunch of debt to buy something else.

And then there's credit risk transfer, which we know that one, too.

It's the betting market.

We're supposedly swapping the risk by both of you two are now betting on whether this thing is going to fail.

Yep.

Yep.

Yep, and it's fun, too.

So this is a thing that used to be talked about more and isn't now, but most of the world's corporations are also basically this now.

And this has been a thing for a while, but it's like the auto manufacturers don't make their money off of cars.

I mean, they sort of do.

They make some money off cars, but most of what they make their money off of is the Ford finance company.

Which is like the auto loans thing.

Oh.

And then the auto loans thing trades a bunch of like, does all of this other financial bullshit to make money.

So like.

I don't think that's a good idea.

That's what capitalism is.

So everything, everything is fully reliant on this like.

Stupid gambling bullshit.

Emperors wearing no clothes economy.