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The market is rational, the monetary system is what's insane. If the Fed doesn't start raising interest rates, this insanity will only continue and intensify. B
by cryptica 6y ago
The market is rational, the monetary system is what's insane. If the Fed doesn't start raising interest rates, this insanity will only continue and intensify. Buying cryptocurrency is the purest, most direct, most effective way to benefit from the current madness.
The Fed is just going to keep printing as much money as is necessary to meet its full employment mandate (which is physically impossible at this stage due to automation). Employees all over the world are currently going round in circles and digging holes and filling them back up. Any white collar worker who takes their job seriously at this stage needs to wake up... What's going on is so obvious.
Just bring in UBI and abolish the Fed. Better have idle people getting paid to do nothing than busy people getting paid to pretend to do something and engaging in self-deception... And let's not forget all the people who can't get a job because their useless skills are not useless in exactly the right way as demanded by their equally useless employers.
I've seen many people get rich who have about the intelligence of a wild macaque and I've also seen very smart people struggling to make ends meet.
- bokuwakirada 6y agoI know the above is not a popular opinion and grating to many, but I have to agree. My job as a SWE is just reinventing wheels and tackling problems that are not worth solving. I’m paid 7 figures (thanks to stock appreciation) to invent more efficient ways to shovel ads and infiltrate users’ privacy. Meanwhile basic science researchers languish as impecunious precariat. Even a humdrum poet devoid of creativity working a dead end service job is more meritorious than I.