We have all suffered from the financial crash of 2009 the effects of which are still with us. What was it that our successful bankers couldn’t understand? A very simple truth, you can’t fool all the people all the time. When those issuing the strange securities that even they didn’t properly understand didn’t feel comfortable buying the very securities they were marketing to others, pretty soon the whole banking world realized they were dealing with crap. The new version of not fooling all the people all the time.
So how do we set up a system that the world will recognize is good for society today and will likewise benefit our children’s generation. Not easy perhaps, but anyone who thinks about it a bit will realize that our money system has to support a world that can still be successful for our grandchildren.