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I don't think people share your reverence for wall street.. or the oh so sophisticated financial risk management. The 2001 dotcom bubble was market wisdom? We'

I don't think people share your reverence for wall street.. or the oh so sophisticated financial risk management. The 2001 dotcom bubble was market wisdom? We're the 2008 frauds better than the "gamblers"? People shorting a stock more than a hundred percent thought through everything? Its besides the point, but, infact the whole of the USD and the American economy is one massive ponzi scheme ripe a massive crash any decade... Printing and exporting USDs with nothing to back it except the military is not going to last forever.. Speculation vs Investment can only be determined on a trade to trade basis. It is just too simplistic and frankly impossible to judge the motivations of markets and claim to know intentions of all the traders of a given market.. so I'm not buying, markets are not speculation only these crypto guys are..

Traster 6y ago
Yeah this is exactly what the author was talking about - this absurd “well actually everything is a Ponzi scheme!”. If you think that wall street investors are the same as gamblers and the entire American economy is a Ponzi scheme then you have lost touch with reality. You have quite literally got to the point where your definitions have expanded to the point of being meaningless.
- dmingod666 6y ago
  US govt is printing paper like there is no tomorrow. Obama printed more money than all previous presidents and trump outdid him. You guys are doing it for your internal problems. The world currencies are pegged to the dollar. Anytime money is added it reduces the value of existing money. Any country that manages it's currency this badly faces consequences of hyper-infaltion. US is shielded by this by being the reserve currency. The moment it loses this status, and any major power decides to reject the dollar because the value is getting inflated away the whole house of cards will come crashing down. Sure, it's not happening tomorrow. Is it never going to happen, I don't think so..

Traster 6y ago

Yeah this is exactly what the author was talking about - this absurd “well actually everything is a Ponzi scheme!”. If you think that wall street investors are the same as gamblers and the entire American economy is a Ponzi scheme then you have lost touch with reality. You have quite literally got to the point where your definitions have expanded to the point of being meaningless.

dmingod666 6y ago
US govt is printing paper like there is no tomorrow. Obama printed more money than all previous presidents and trump outdid him. You guys are doing it for your internal problems. The world currencies are pegged to the dollar. Anytime money is added it reduces the value of existing money. Any country that manages it's currency this badly faces consequences of hyper-infaltion. US is shielded by this by being the reserve currency. The moment it loses this status, and any major power decides to reject the dollar because the value is getting inflated away the whole house of cards will come crashing down. Sure, it's not happening tomorrow. Is it never going to happen, I don't think so..