/biz/ - Business & Finance

>>19541107
I now know you're a lost cause, so my reply is less to you and more to the spectators lurking this thread

Adding complexity and speed to a system doesn't make it invincible. It adds points of failure and all kinds of blind spots that aren't obvious until the catch fire. Your emotional outburst about how history can't repeat is hilarious by itself, but even funnier in respect to economics.

One of the biggest lies the creators of the FED reserve system sold to the public was that their operation was necessary for the operation of the economy in order to avoid a constant boom bust cycle that existed under previous banking regimes. Of course this was a bald-faced lie, and we've gotten much wilder swings with that system than we had without it.

The average human of today is much like you. A shortsighted creature that exists in the now, not able to link 3 ideas together, or appreciate how historical events (while not repeating) do rhyme in the present. Saying that high speed trading and global interconnections make a market crash impossible is like saying the invention of firearms made killing anybody with a weapon impossible. Its absurd; the whole point of these economic tools was to get an edge in financial combat. You don't think someone ever shot themselves in the foot by mistake?

Its weird that you call geopolitical takes medieval while having an almost religious faith in this super humanity 2.0 (which you will not be part of as a non elite). I'm anything but a doomer. Its just the reality of the world we're already moving into that the USA will be the lone superpower on earth, and that it will pursue fewer international relationships simply because it doesn't have to. Whatever our monetary basis is at that point is irrelevant to that discussion.