[Just returned from a long break.]
It is very easy to be caught up by the ups and downs of the financial markets. Financial markets are nothing more than the trading of useless papers. The reason why many people are caught up by the financial markets is that it is so easy to make money there, as well as losing it - as many would have discovered by now.
The financial markets float up and down depending on liquidity and sentiment. At the moment, both have dried up.
Now, the real world is where people go to school to be educated, to make goods and services which improve the welfare of people. This is the real world where people do sweat, and develop a daily routine which is passed down from generation to generation long enough for that routine to be accepted as culture.
It is now the accepted doctrine that the market economy is the most efficient, in that a greater variety of goods and services can be produced, distributed and enjoyed by more people. At the end of the day, the market economy exchanges the goods and services provided by diligent people.
It is also accepted, in the market economy doctrine, that the rarest of the commodities or items of restricted supply, holds the best value over time because of relative scarcity.
The US Federal Reserve has forgotten this restricted supply rule and has flooded the US and the world with so much US dollars that the way to make money is the inflation of assets - where the paper money shows its increasing worthlessness. For the banks to survive, they just have to lend more and more - to perpetuate the lie - until no more borrowers can be found.
It is time to refocus on the real economy, while the financial markets choke in their own vomit.
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