Great article by Vanity Fair on the excesses and messes of the past decade.
Time and time again, I find myself reading articles like this with my jaw wide open. I’m shocked (but not suprised) at all the inventive, lazy money making avenues that were created seemingly out of thin air to channel the illusion that wealth can be attained by anyone, anywhere with little more than a few dollars to join the seemingly never ending gravy train. I want to believe that I understand the fundamental economics behind many of the money making schemes of the past decade (especially the ones mentioned in this article) but I really struggle to understand where the money came from, how the new wealth was created and how it was ultimately spread to everyone because none of it really existed.
It’s like trying to understand the excellent analysis of the global financial pyramid done by The Guardian back in January. Sure, it looks all right on paper and somehow $1 becomes $30, but trying to understand where $290 trillion dollars of wealth came from makes my head spin.
Iceland’s Debt Is 850% Of Its GDP
Great article by Vanity Fair on the excesses and messes of the past decade.
Time and time again, I find myself reading articles like this with my jaw wide open. I’m shocked (but not suprised) at all the inventive, lazy money making avenues that were created seemingly out of thin air to channel the illusion that wealth can be attained by anyone, anywhere with little more than a few dollars to join the seemingly never ending gravy train. I want to believe that I understand the fundamental economics behind many of the money making schemes of the past decade (especially the ones mentioned in this article) but I really struggle to understand where the money came from, how the new wealth was created and how it was ultimately spread to everyone because none of it really existed.
It’s like trying to understand the excellent analysis of the global financial pyramid done by The Guardian back in January. Sure, it looks all right on paper and somehow $1 becomes $30, but trying to understand where $290 trillion dollars of wealth came from makes my head spin.