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Yes but we it can be more normal and possible time to time, depending on how FED feels. Because there is literally more money and debt in the entire financial s

by _5uxp 4y ago

Yes but we it can be more normal and possible time to time, depending on how FED feels. Because there is literally more money and debt in the entire financial system compared to any time in human history so it can make thing less efficent. Unlike made up things like efficient market hypothesis. Nice list but since crypto is fraud etc, historically countries had colonies, slaves and many rich made also this way. Wars were funded by rich, elite or defence industry, recent example is how much arms they left and spend in Afganistan? Why not mention any of those also? am I just wrong?

svennek 4y ago
Sorry, forgot to add "actually robbing" people (of possession or freedom) to the list due to thinking over the last two decades. Look, I don't say that the current financial system isn't in trouble - especially in the US. Most of the EU countries (where I live) are quite a bit more financially stringent - not that it helps us much when the US economy blows up.... But that has happened a lot of times before, and even though I expect the twenties to be a very unpleasant decade (covid made sure of it start out suitable unpleasantly), life will for most people go on as our real production is okay (as long as we are not getting WW3 triggered). Famines due to the Ukrainian war is going to be a much, much bigger problem the next 18-24 months, especially in the poor areas. And in contrast to "money" the thing we call "food" is a hard asset, that is we cannot simply multiply it... Some people (me included) have invested as much as they reasonably can in hard assets - for me since slightly before covid (the trouble already started pre 2020, how much before depends on what you think is the threshold for trouble). But IMHO the cryptos are a totally unworkable system and it is going to cost people who try to secure their money there their last money... But there are certain hard realities in economics also (like gravity, thermodynamics etc in physics). One of them is, that we can by definition not all be wealthy (when compared to each other), even a very large percentage of people are richer today than kings where two centuries ago (if you measure health, food quality etc). Most people would have a much, much better life if they dampened their FOMO and consumed less instead of more...

by _5uxp 4y ago

svennek 4y ago

Sorry, forgot to add "actually robbing" people (of possession or freedom) to the list due to thinking over the last two decades. Look, I don't say that the current financial system isn't in trouble - especially in the US. Most of the EU countries (where I live) are quite a bit more financially stringent - not that it helps us much when the US economy blows up.... But that has happened a lot of times before, and even though I expect the twenties to be a very unpleasant decade (covid made sure of it start out suitable unpleasantly), life will for most people go on as our real production is okay (as long as we are not getting WW3 triggered). Famines due to the Ukrainian war is going to be a much, much bigger problem the next 18-24 months, especially in the poor areas. And in contrast to "money" the thing we call "food" is a hard asset, that is we cannot simply multiply it... Some people (me included) have invested as much as they reasonably can in hard assets - for me since slightly before covid (the trouble already started pre 2020, how much before depends on what you think is the threshold for trouble). But IMHO the cryptos are a totally unworkable system and it is going to cost people who try to secure their money there their last money... But there are certain hard realities in economics also (like gravity, thermodynamics etc in physics). One of them is, that we can by definition not all be wealthy (when compared to each other), even a very large percentage of people are richer today than kings where two centuries ago (if you measure health, food quality etc). Most people would have a much, much better life if they dampened their FOMO and consumed less instead of more...