$280,000,000,000

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image showing $280,000,000,000

nerfchips on April 26th, 2020 at 13:00 UTC »

It’s money based of non-existing assets. A huge part of the “wealth” that exists is only shared confidence that our money and investments are worth something. If we lose this confidence, this wealth simply disappears.

Adolf_Diddler on April 26th, 2020 at 13:31 UTC »

I don't think it's exactly losing money. People aren't earning so the spending is down, that means businesses aren't making profits, which loosely translates into everyone is losing money.

amalgamatecs on April 26th, 2020 at 15:06 UTC »

It's not like when your 401k goes down someone else is equally gaining that amount.