Virtual money > actual money. Right?

[mahnmut]

I find it weird that we live in a world where having your debt held by foreign banks is deemed a much better option than actually having your debt held by your own banks, with your own people's money in them. Turns out that relying on non-existing, virtual money that gets typed on some PC screen somewhere, and somehow miraculously pops up on the world "market", is a much better "solution" than having actual money deposited at actual vaults in actual banks, held in actual accounts by actual people/firms/institutions. It's a perverse world that we live in.

Comments

[mahnmut.livejournal.com]

I remember. Great insights. Gold costs what we say it costs, and right now we say it costs a lot.

[telemann.livejournal.com]

There's a cool short science video explaining why we picked gold. There were really only about 3 elements that could have been logical choices out of the 104 elements, it's pretty good stuff. I got a geek-on watching it ;)

[mahnmut.livejournal.com]

Geekgasm!