Worse than buying bonds before a collapse in the class, worse than buying French gilts, worse than buying single company stock, worse than falling for the siren song of “options” over cash, worse than an actor agreeing to be paid in net profits, is buying something calling itself a “currency” backed by precisely zero humans’ labour.
Those tulips smell lovely.
And to this day, nobody knows who invented it. You’re legally barred from purchasing land, the only real investment, with it. Every idiot you know is acting like 2005 with house prices, laughing at you for not buying it. If there’s one thing that motivates your investment strategy, it should be the emotions of the idiots who read one blog post or ‘trust’ a public adviser, reliant on clickbait.
Still, there is one group stupider. (I don’t care if that counts as a word, don’t @ me).
The EU-China land bridge builders. Bridges work both ways? You’d have to be especially thick to build a LAND BRIDGE during a time that a previously wealthy continent is experiencing demographic decline and being overtaken with African (and low-quality Asian) marauding rapists and bandits. You have more money than us and more schoolgirls. Where will they go, if there’s a land bridge? For their sake, I hope the debt falls through prior to completion. It probably will.
Watching the financial news is like reading Emperor’s New Clothes. You can’t see it, you can’t touch it, you pay for it and just – trust us, it’s there.
Currencies are backed by citizens, specifically their sweat.
I’m starting to see a connection between box office records and the economy. If anyone wants to follow that thread, I say go for it.