Yes but who actually cares? If society tolerates no actual real physical transfer of goods and leaves it all speculative, it doesn’t matter. The deals are made, financial institutions accept this, realistically it doesn’t matter that none of this is “real”. If society decides that it’s real, it’s real. Just like how paper money has zero real tangible worth. It’s all an agreed upon concept. The same is happening here.
The economy we had for the last handful of decades is gone. Speculative economy where only the top percentage trades with itself is where we are at and where we will stay.
It can’t be completely circular. There is an end customer that will expect something for their money eventually. Right now it’s driven by huge amounts of debt, but you can’t be on that forever. At some point it unwinds
Yes but who actually cares? If society tolerates no actual real physical transfer of goods and leaves it all speculative, it doesn’t matter. The deals are made, financial institutions accept this, realistically it doesn’t matter that none of this is “real”. If society decides that it’s real, it’s real. Just like how paper money has zero real tangible worth. It’s all an agreed upon concept. The same is happening here.
The economy we had for the last handful of decades is gone. Speculative economy where only the top percentage trades with itself is where we are at and where we will stay.
It can’t be completely circular. There is an end customer that will expect something for their money eventually. Right now it’s driven by huge amounts of debt, but you can’t be on that forever. At some point it unwinds
Yeah, all this is illegal not because it’s an infinite money glitch, but because it acts like it is while destabilizing the economy