The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
This is not real wealth creation as we understand it in the real world. It posits an entire hyperspace of fantasy money, the pyramid balanced on its point where the only interction with our daily life is with the money we deposit; all other sums only exist in theory.
so increasingly the bandits trade in the fantasy money and award themselves credit in the giant casino of Second Life. Last year the city of london alone traded something like £300 trillion, which is an awful lot more than the net commodity worth of the entire planet. Yet somehow nobody asks if this makes any sense. Yet somehow they seek to persuade us that this is real money and they deserve to take our deoposits and reward themselves with them. and so long as the wheel keeps turning they can continue until suddenly there wasn't enough mney left in the real economy to justify what they were doing and bang, it all decouples and we realise the money was never there in the first place, it was all in their imagination.
We have woken up from the capitalist dream and have created a very real nightmare. keep to the Fen Causeway
by Frank Schnittger - Jan 26 3 comments
by Frank Schnittger - Jan 31
by Frank Schnittger - Jan 22 3 comments
by Cat - Jan 25 50 comments
by Oui - Jan 9 21 comments
by Frank Schnittger - Jan 13 28 comments
by gmoke - Jan 20
by Oui - Jan 15 91 comments
by gmoke - Jan 29
by Oui - Jan 2731 comments
by Frank Schnittger - Jan 263 comments
by Cat - Jan 2550 comments
by Frank Schnittger - Jan 223 comments
by Oui - Jan 2110 comments
by Oui - Jan 21
by Oui - Jan 20
by Oui - Jan 1839 comments
by Oui - Jan 1591 comments
by Oui - Jan 144 comments
by Frank Schnittger - Jan 1328 comments
by Oui - Jan 1219 comments
by Oui - Jan 1120 comments
by Oui - Jan 1031 comments
by Oui - Jan 921 comments
by NBBooks - Jan 810 comments
by Oui - Jan 717 comments