Quote:
Originally Posted by gimpy117
why is this being allowed to happen?: because we are sorry worried about money that we will give up all our freedoms just to have it.
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The fallacy is that money is not creating value by itself, it needs to be a repüresentation of material value for which it just is a counting unit. But we have created a fictional theory on m oney that thinks that money is already a precious asset in itself. But it isn'T. As long as there is less real value than money, as long as we allow money biubbles over fictional, non-existent real assets being created and initiating snowballing process, we will continue to run into a dead end like a column of lemmings.
We may like it or not, and we may suffer from it or not, personally - but the deletion of fictional, theoretical "value" is a necessary and needed correction to a system that has run amok and is totally on the loose. We need to return to an understanding of "value" that bases on real, physical value, no interest rates of interest rates of fictional investements into speculations over assumptions on future ammou7nts of abstract stock "values".
I fear the path to that will be such that most of us will economically and financially suffer from it, and dearly.