Paul Singer, Doomsday Investor
All this bs happens because we are allowed to used capital derived from financial profit to reinvest in financial transactions - leading to a vicious inflationary cycle of increased valuations without increased value. The solution is to have two currencies. Financial currency (money derived from financial transactions (option redemptions, stock sales, hedge fund investment, etc) that can only be invested in the REAL world of products, services. OTOH, REAL currency (money derived from the sale of products[NOT FINANCIAL PRODUCTS] and services[NOT FINANCIAL SERVICES]) can be invested in anything. This simple gate will restore the synchronization between the financial and the real world. How did it come to pass that markets like the FOREX have an order of magnitude more &#x27;value&#x27; that the non-financial product and non-financial service output of the entire world?