What Happens When an "Infinite-Money Machine" Unravels
Posted by pseudolus 2 days ago
Comments
Comment by afpx 1 day ago
https://www.reuters.com/world/americas/mature-markets-push-g...
Comment by pseudolus 2 days ago
Comment by spicyusername 1 day ago
Really takes a neurotype I cannot comprehend or empathize with, but society needs all kinds I suppose.
Comment by dsadfjasdf 8 hours ago
Comment by manarth 19 hours ago
> "most of which was borrowed"
If you're going to gamble, you might as well do it legally with other peoples' money.Ethically, many of the organisations investing in this subscribe to the "Greater Fool" theory, so I'm not going to be overly sympathetic to their plight if it goes south.
Comment by R_D_Olivaw 1 day ago
Many may actually believe in [deity] so they are on a righteous path, while still many more don't truly believe (or live according to [deity doctrine]), but they see the sheer amount of wealth and prestige that these systems offer. So they play along.
And then some of those players do a miracle, or give particular effective sermon at the right time, and they're sainted. Soon believing themselves to be prophets and indeed propped up by the hard work and resources of others.
At least the deities of yore had cool characters.
Comment by mainmailman 1 day ago
Comment by powerapple 1 day ago
Comment by ulfw 1 day ago