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  • The problem with financial services is that the commodity they deal in doesn't exist. It's fictional money, traded on fictional money. It's held together on, essentially, faith. It has no real world worth short of what the banks tell you it's worth... and when it all comes tumbling down a-la 2008, it's bailed out with real money by real taxpayers.
    The banks continue to do what they do without fear of penalty. It's going to happen again.

  • it's bailed out with real money by real taxpayers.

    Aren't you contradicting yourself? Why is the money the Government "gives" any more/less notional?

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