Another “Black Monday” on world stock exchanges. The RTS fell by 5% during the day, European indices are losing from 2.5 to 4%. The ruble fell by 68 kopecks against the dollar, by 62 kopecks against the euro, and oil fell by 3.5%. Markets are frightened by the deteriorating situation in Europe, primarily in Greece and Spain. Investors' last hope for a new round of money emission from the US Federal Reserve is also fading.
If anyone thinks that this is the end, then I will disappoint you, this is not the end, this is only the beginning of the end, well, and the process itself may last until the end of next year. Now the Fed and the ECB, out of habit, will turn on the printing presses around the clock and start printing money again, just like that, because multi-colored pieces of paper with numbers are no longer money.
Here's the Wiki definition:
Money is a specific product that is a universal equivalent to the cost of other goods or services.
And today there is so much of this specific product that it is not even equivalent to the paper on which it is drawn. To prevent the entire money-nomics pyramid from collapsing, there are exchanges that trade shares, thus tying up megatons of money, and banks that trade money at exorbitant prices. Shares are the same money, only with a different name, because the cost of shares does not even come close to the value of enterprises. With the help of this cunning scheme for drawing money, the economies of countries are always in a loop, and the world is ruled by financiers.
They were in control, their mother, all these managers are ordinary swindlers who know nothing but to powder their brains and puff out their cheeks, they are dumber than thimble-makers, they at least put on a show for the suckers.
Now this bastard will drink valerian and throw new megatons of money into the market, prolonging the agony, this may be enough for a year, and then hello, hyperinflation, social upheaval and general Armageddon, as it seems to them. Fuck, Armageddon will happen only for them, you and I have nothing special to lose, let’s enjoy the destruction of the new Tower of Babel, it has stagnated painfully.