Will Rockefeller Made $36 MILLION Out of Thin Air #Shorts
April 11, 2022
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1:00Now PlayingWill Rockefeller Made $36 MILLION Out of Thin Air #Shorts
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as posted by the channelHere’s how millionaire William Rockefeller created $36 million dollars in cash out of thin air. First of all, he purchased a company called Anaconda Copper for $39 million dollars, but told the new owners not to cash the check. He then created a holding company called Amalgamated Copper. They then used Amalgamated Copper to buy Anaconda Copper from themselves using Amalgamated stock, and evaluated the purchase at $75 million dollars. Then he listed Amalgamated Copper on the stock market and sold $75 million dollars of stock, which he used to cover the initial purchase of Anaconda, meaning he paid for a $39 million dollar company with money he didn’t have, turned it into a $75 million dollar company without producing any additional value, and created $36 million dollars in cash out of thin air. So uh… capitalism? Capitalism.
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