I find assurance in the insolvency of the Global Banking System

I was just thinking about how nervous I was that the global banking system is insolvent. This means, consequentially that there are two outcomes:

1. The end of global banking and a collapse back to some crap standard that basically is a standard that is proven to fail over time, aka the gold standard

2. Banks and governments and rich people effectively keep bailing each other out and occasionally let the biggest liars fail to lend to everyone else's credibility. The credibility of the system is tied to everyone's individual understanding that there is some level of fairness to it. Fact is, there isn't. Fact is, I don't care if it is fair or not and neither should you.

So, because all of the banks are insolvent, I understand all of the doom boom and gloomers, but I don't think that they understand the incentives behind those who make and drive the decisiosn that guide what actually happens. Power to decide is a function of your wealth and your ability to persuade others which is a function of the rules that you lead them to believe that are fair.

The banking system will not collapse but we are in for some turbulence. Trading is going to be awesome, I love the volatility. Also, inflation is low at present because of all of the jobs that are being "lost" due to automation. If they were framed a little different, "Forced into early retirement" --- the attitude that we'd all have would be a little better but that's effectively what is happening here with social programs etc. You can earn a better retirement if you want to work, but you can effectively do nothing and continue to exist this way.

Cheers to insolvency!