“The greatest asset, indeed the only asset, of modern finance is debt, the thing that makes men commit suicide. The whole structure of finance collapses unless somebody owes something to somebody else. It is a gigantic heap of debt, like a heap of dirt. It is a heap of debts hoarded until they have gone bad. It is now a heap of bad debts which a little more bad debt will send toppling into the mire.”
I wrote an essay. It s about a movie, and it’s about how the world falls apart. If you’re a millennial traumatized by the financial crisis or if you’re interested in finance, you might like it.
I’m gonna blaze this post bc this is the first thing I’ve published in years that was just me, so I’m hoping people check it out.