jato0072 wrote:
Instead it is all bull$hit narratives and propaganda. Despite it being the "information age" no high quality information is available. The increasing noise drowns out retreating signal.
The excess labor of 3 or so generations has been converted into digital nothings like pensions, stock in Tesla, etc. As each year goes by there is less and less real stuff. Imagine if all the savings worldwide had have bought up stuff, how depleted those mines and forests would be today. It's a confidence game. Cash usage in the UK has gone through the roof, at all time highs as poor people turn to it. They have discovered they spend a lot less when they have to count out notes instead of swiping cards. I was grabbing a burger at a country eatery today and the guy in front of me payed by passing his watch over the reader. One day it will be his wrist, with a chip embedded in it.
People are going back to cash to keep tighter control on their spending as living costs soar, according to new research by the Post Office. Post offices handled £801m in personal cash withdrawals in July, the most since records began five years ago. That's up more than 20% from a year earlier.
https://www.bbc.com/news/business-62437819