Thank all of you who have put up similarly insipid posts for declaring to the entire world that YOU are far more intelligent than the stupid old white Europeans who kicked this thing off over 2 centuries ago.
And, no, I am HEAVILY invested in this equity market in what I believe to be fairly "bullet-proof" issues -- and have liberal trailing stop-loss orders under all of them.
One can -- indeed MUST -- play the current game if one is to remain above water so long as one knows it'srigged, who's doing the rigging and try to predict when they will pull the pin on the current game.
And as far as having the most prosperous and happy society, study the Romans. They were as we for over 2,000 years before they collapsed. I predict that we will use our modern technology to compress that 2,000 years into 300 or less.
It is a historical FACT that EVERY economy based on funny money ultimately fails.
"By a continuing process of inflation, governments can
confiscate, secretly and unobserved, an important part of the
wealth of their citizens. There is no subtler, no surer means of
overturning the existing basis of society than to debauch the
currency. The process engages all the hidden forces of economic
law on the side of destruction, and does it in a manner which not
one man in a million is able to diagnose."
John Maynard Keynes,
The Economic Consequences of The Peace, 1920
Where will you be when it's game over?
The lucky ones will be in the ground.
11,840 at 3:35. But Mark Foley is Gay!
Well, yeah. But it's also true that every economy based on any other monetary structure has failed, too.
Spain seemed to do things exactly as you would like (i.e. with "real money" instead of "funny money" -- but that empire failed hundreds of years ago.