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You get rewarded for your risk, its not nothing, its second key building block for a financial system. Those that have time, trade risk for money, those that ha
by scsilver 5y ago
You get rewarded for your risk, its not nothing, its second key building block for a financial system. Those that have time, trade risk for money, those that have money trade money for reduced risk over a period of time. If this wasnt the case, people couldn't retire safely, there would be no one to trade their money for lowered risk.
What is interesting is that this setup has been exploiting youth for a long time. Its only now that, with crypto, GME, AMC, the younger investors can ramp up the volitility in the market, creating more risk for older more established investors, who then need to pay to reduce their expose to that risk.
There a lot more to this that further blurs the morality of positioning yourself within this power struggle, but ultimately, its just market forces at work.
At the end of the day, this revolution could be stymied by actually providing the next generations with a foreseeable path to home ownership, a family with good education and healthcare, and the american dream, without having to yolo it all, even on an engineers salary. But it seems the next generation is only path to enact change is by staking their assets for generational speculation war.
- Nursie 5y agoIn the situation where a deflationary currency is a country's currency, there is no risk. Neither is there investment, there is merely sitting on currency to gain value.