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What if we look at trading not in terms of producing useful products, but in terms of monetary redistribution between market actors?
The essence of the redistribution process is to take excess financial capacity away from the less capable and give it to the more capable.
And these more capable ones will be in the business of producing something useful.
What if this is how society selects the most promising individuals and projects?
A lot of things in this world are parasitic, including what we sit on the Internet ... Let's go work with a shovel and herd sheep, shall we?
You mean values are becoming fake money?
Values remain values, but they have learned how to take them away with fake fiat money.
Off-exchange markets may close at some point, and that's it - water and money are over.
Gold is infinite - it is impossible to calculate its amount, even approximately, it is everywhere, and science does not stand still, they will find ways to extract it.
As paper crumbles, burns, decays - gold, like water, may have several states, and each of them can easily become an instrument of payment.
only the Germans don't know about it :-)
https://youtu.be/qIj_o0PMEkw
The girls rock, but the language is awful ))) Like a crowbar on a frozen rail in -50 C )))
Anyway, I got 15,000 points for that post, which means I'm right!
Who is going to close them all over the world? Or are you referring exclusively to Russia or any other single country?
Anywhere or everywhere at once - the system is the same.
About one system more details please. I always thought that Forex is a decentralised system and there is no single authorised organisation or person who owns the Forex exchange market.
Are quotes different for everyone (a couple of pips do not count) - so logically there is someone who owns
One could also consider them
https://ru.wikipedia.org/wiki/Банк_международных_расчётов
Are quotes different for everyone (a couple of pips do not count) - so logically there is someone who owns
One could also consider them
https://ru.wikipedia.org/wiki/Банк_международных_расчётов
Sea level is the same, a couple or three metres for waves and tides/tides don't count. Who commands the water? ))
Financial markets are so interconnected that large divergences in quotes cannot technically arise. The law of communicating vessels, if you don't like the sea analogy.