3 ms·
Fake money that is created and kept over the inflated stocks and financal sector. A house of cards that is pending crashing at any point if any Jenga block that
by unity1001 4y ago
Fake money that is created and kept over the inflated stocks and financal sector. A house of cards that is pending crashing at any point if any Jenga block that holds it up is pulled out. Like how we seen in the recent months, after various countries stopped using dollar as foreign exchange currency for international trade, sending inflation skyrocketing in the US and other countries.
In contrast, that other side of the world has actual products, resources and services backing their money and wealth. They dont allow shenanigans like how Wall Street does to invent new 'derivatives' to bloat the financial sector even more and increase its disconnect from the actual physical economy.
As of this moment, the US government is busy pumping dollars into Ukraine to take them out of circulation to combat inflation by getting it channeled back to the US defense sector to be racked up as profit and stock value. The wealth that was generated in the Angloamerican West is so weakly supported by the physical sectors of the economy that it requires such things to keep it from crashing down.
I intentionally singled out the Angloamerican countries. Because these countries are the ones who allow practically unregulated financial sectors to bloat their economy. The regulations are more strict everywhere including Europe, and neither stock values nor the financial economy are so bloated like in the US.