Can big tech keep rising in stock price?

 Basically, they trade stock for cash and keep the cash in the shadow banking system.   But they lose ad revenue in the process, the economy i running at  75% capacity over the year.  They are collecting paper and losing valuable digit streams. The regulated banks are losing share, the big tech firms eventually have to start shipping digital dollars and payments an deposits and loans.

What good is a search engine that always leads to highly taxed cash purchased? More and more consumers drop he regulated card due to costs, or avoid credit on the account.  But the ability to hold Apple stock comes with low transaction costs at Robin hood online trader.  Apple becomes the fund manager for a huge chunk of shadow banking, but shadow banking is encroaching on Apple financial applications.  Apple and Amazon and Walmart all offering prime purchasing accounts, credit is available on these accounts. None of them FDIC insured, all with low cash limits.

So, if things stay the same, Big Tech is in the banking business.  Regulated banking dries up.  The excess reserves distributed back to bank share holders. The Fed then has no market to test is taxing power. The government has free reign to run a default stream.   Big tech wins when they run the trading pits as pen access,  like the search engines. All their ad revenue returns.

Without ads the media, news, is dying. But it can survive with bearer asset of a dime or less for article purchase.  So, online readers who are verified for small amounts of cash can buy news on the sot.  But that is low risk, we do not need smart card security.  Registered readers who cheat will be discovered before $50 is lost. This is very low risk retail, no need for expansive security, we can do this with normal pass codes on an iPhone, make encrypted change, a penny to a dollar. Blogs which turn in cash nightly will discover the occasional hack the cost them a dime, but if the cash passed encryption, then he cheat has a home address to track.

The market for tiny change.

I sign up for the service and deposit no more than $50 per month.  I receive encrypted change, pennies, dimes, quarters, dollars.  I ship out pennies and news ships back text. Th loose crypto change would be widely popular since it almost immediately becomes tax dollar on account. But it is not hack proof, and subscribers need to watch for virus as usual.  This is no more risky then using your credit card, except there is no third party payment master. I do not need secure card, do this on an app, run the server to manage the tax dollar accounts.  Tiny change keeps the local news alive.