RE: Dystopian Bots Manipulating Price of Bitcoin in ‘Wild West of Crypto’?
address the manipulation of the world stock exchanges, then you will maybe see the LIGHT. THE GAME IS RIGGED FROM A TO Z
People LINE UP to get those jobs. Nobody is forcing them into "slavery". Without those jobs, their country's would be WORSE off.
SLAVERY APOLOGIST NOW AGAIN... SEE HOW INCAPABLE YOU ARE TO GRASP THAT "CURRENCY GAME" (AKA PURCHASING POWER) IS RIGGED BY CENTRAL BANKS TO FACILITATE WEALTH TRANSFER FROM MAN MADE-POOR COUNTRIES TO THE SO-CALLED RICH COUNTRIES... WITHOUT SLAVE WAGES (BOTTOM FEEDERS) CAPITALISM DOES NOT WORK!!
RIGHT NOBODY FORCE PEOPLE TO BECOME HOME OWNERS, BESIDE THAT ONGOING RIGGED MANIA-BUBBLE
Your derivatives rosy scenario is again by the MSM... for the people like you who believe them. derivatives have been used for more than a decade to CAMOUFLAGE the real state of the economy, their lies the danger. Money is no tool but a WEAPON because of
people like you, unable to understand the power game.
The failure of the system is embedded in monetarism, as soon as one allows economic managers and profit seeking. There is nothing wrong with derivatives when the system is SOUND. MANIPULATION-FREE
During the financial crisis in 2008, the root cause of the meltdown was derivatives. Specifically, CDOs, or Collateralized Debt Obligations related to mortgages and CDSs, or Credit Default Swaps.
https://www.businessinsider.com/bubble-derivatives-otc-2010-5
Derivatives are financial weapons of mass destruction says Warren Buffett in 2002 http://news.bbc.co.uk/2/hi/2817995.stm
Your economic education is too poor for me to even address the rest of your post.
PRO-SLAVERY-RIGGED-GAME FOLKS, LIKE YOU, ARE NOT WORTH MY TIME.
Nobody is stopping you from using money to better your life. And you are. You can jump up and down all you want screaming that the sky is falling, yet it will not change the fact that we are growing wealthier every year and we are destroying more poverty every year. I suppose I can understand that all your screaming and yelling about money is making you rich, so you will continue to do so. Which I find extremely hilarious. :-D
Stock are manipulated. There are many penalties in place for doing so. It is an ongoing battle.
But let's get to your "no money" economic solution to the housing bubble. How much home construction is not a bubble? How will we know how many homes to build without money to avoid building too many or too few? How will we decide how many of our scarce resources to devote to home building instead of other needed construction? Will someone get up one morning and say, "Hmm, I think I will build a house over here today"? How will a person go about acquiring a home? How long will a person have to keep a home? Can they leave their home after a week, a year, a lifetime? Can they acquire a second home? A third? How will home ownership be enforced? By the point of a homeowner's gun? What if someone else wants to live in your home? Can they? Could you stop them?
And let's talk about your "no money" economic solution to the extreme poor in the world. How will they acquire food to eat every day if there is no money? Will it just be lying about on the ground for them? Will you bring them food every day? Who will decide on who will bring them food? How will you better their lives without money? Will you build them all nice houses and utility infrastructure? How will the resources needed be diverted to the poorest areas of earth to accomplish this? How will we decide which resources to extract from the earth? More copper, or more iron? Make more glass, or cut more wood? How will we decide whose house gets built and repaired with our limited resources? Who is going to be willing to do all this work without pay? And how much should we provide to each poor person? Does each poor person decide how much they get? How much is enough? Should they get t-bone steaks every day or just ramen noodles? How much do we need to give for someone to be not poor anymore? And do we need to provide for every single child they have? Do we have the right to tell them, ok, no more than ten children? Do we have to proved those children with all the free food and homes they need or want? At what age does a person get their own home?
Who is going to answer these questions?