The amount of money flying around in these markets has, at times, rivaled that of real-world markets, which is obviously puzzling to most observers. For example, during the Dot-com Bubble just before the turn of this century, a lot of internet startups were fueled by ridiculously high stock prices. There are absolutely no fundamentals of utility underlying any of these things, yet they have soaring prices and have generated big, active trading markets. In a new video last week, he presented an idea that explains the insanity that seems to drive much of the world's markets. The ideology "views the entire system as a scam" and that financial markets should only be regarded in the same light as casinos.

Source: Manila Times June 22, 2024 16:27 UTC