I'm impressed with the answers. Basically, we all agree we all have a fraudulent economy. Our political system is the same. Capitalism sounds good to most people, but realize we don't actually have capital. We have the idea of capital, but the reality is we have nothing. Pretty much everything is a derivative where the underlying assets are fake. Our own currency used to be a gold derivative until Nixon took us off the gold standard in 1971. I can't think of any derivatives that have actual assets backing them.
Nothing can be well defined when it's fake. That would ruin the illusion.
I'm impressed with the answers. Basically, we all agree we all have a fraudulent economy. Our political system is the same. Capitalism sounds good to most people, but realize we don't actually have capital. We have the idea of capital, but the reality is we have nothing. Pretty much everything is a derivative where the underlying assets are fake. Our own currency used to be a gold derivative until Nixon took us off the gold standard in 1971. I can't think of any derivatives that have actual assets backing them.
Nothing can be well defined when it's fake. That would ruin the illusion.
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