Narwhal Tacos on Nostr: Alan Greenspan was specifically tasked with bringing down the ‘Internet Bubble’ ...
Alan Greenspan was specifically tasked with bringing down the ‘Internet Bubble’ in the stock market by draining liquidity in early 2000.
When AOL bought Time Warner it rocked the fiat landlords of America.
A virtual pleb had amassed enough stock-value to takeover a major corporate-controlled media company. They suddenly realized that every aspect of corporate bedrock was vulnerable to the Internet Revolution.
The “ruling elite” realized they were all at risk of losing their decades-long interpersonnally-networked status to a bunch of nerd plebs who were middle-class just a few years ago.
I was there as a young investment professional, and looking back a couple years later it was all very clear to me that while the ‘internet bubble’ was definitely a bubble…the bursting of it was an organized attack on young nobodies usurping the reigns of corporate power from the old guard. They definitely (in my opinion) tasked Alan Greenspan’s Fed with breaking this bubble, draining the investment liquidity they were awash in, and starving the first wave of these new technological Mongols at the Gates.
After this…we saw a wave of corporate money come into owning and controlling the Internet, in slow, methodical manner.
When AOL bought Time Warner it rocked the fiat landlords of America.
A virtual pleb had amassed enough stock-value to takeover a major corporate-controlled media company. They suddenly realized that every aspect of corporate bedrock was vulnerable to the Internet Revolution.
The “ruling elite” realized they were all at risk of losing their decades-long interpersonnally-networked status to a bunch of nerd plebs who were middle-class just a few years ago.
I was there as a young investment professional, and looking back a couple years later it was all very clear to me that while the ‘internet bubble’ was definitely a bubble…the bursting of it was an organized attack on young nobodies usurping the reigns of corporate power from the old guard. They definitely (in my opinion) tasked Alan Greenspan’s Fed with breaking this bubble, draining the investment liquidity they were awash in, and starving the first wave of these new technological Mongols at the Gates.
After this…we saw a wave of corporate money come into owning and controlling the Internet, in slow, methodical manner.