> America still leads the world in one thing: inflating speculative bubbles using gibberish finance acronyms In my experience, in the rest of the world people

> America still leads the world in one thing: inflating speculative bubbles using gibberish finance acronyms In my experience, in the rest of the world people from all walks of life get caught up in the even greater gibberish financial terms for financial products that don't even exist in the described form. In the commodities space it is at its peak. The biggest offender is the "SBLC", which in reality is simply where a bank acts as a guarantor and underwriter, but in the joker broker network (aka 99% of the commodities sector), an SBLC is a freely tradable security that can be used in lieu of cash. There are people that think they have received these unicorn SBLCs (pieces of paper and forgeries of bank letter heads) and simply haven't tried to deposit them yet. And there are orders of magnitude of more people that think they are engaged in the trade of SBLCs or that they exist in this form. The real existence of the term makes it harder to cut through the disinformation.