This is hilarious, or would be if the consequences were not so sad.<p>It&#x27;s listening to someone standing on the deck of the titanic talking about the complexity of the design of the ship, how many great and esteemed members of the establishment signed off on it, and how crazy it is that anyone on the deck is pointing out that it&#x27;s sinking because they can actually see it sinking, like anyone else can that actually looks at the horizon.<p>This is not a rebuttal. Arguments from authority about why the masters of the universe have it all figured out and those who are pointing out that they have no clothes are just clueless barbarians at the gate are fundamentally invalid.<p>Complexity, obfuscation and worship at the altar of authority do not actually make for solid fundamentals. This ship is going down, massively increasing the tokens for the representation of scarce resources so that the people who controlled the tokens back the last time they completely failed, does not make the people that controlled those tokens any more competent than they were at the actual game in question last time they failed.<p>All the central bank moves, the macroeconomic obfuscation, lies, Keynesian nonsense, negative interest rates, cash ban proposals, underhanded capital controls, worldwide currency wars, geopolitical games with oil to back fundamentally worthless scrip, bail-ins, bail-outs etc, none of it changes the underlying fact that the presently dominant system ordering the allocation and distribution of scarce resources is, as you sit here on the deck of the ship dismissing that fact, sinking below the horizon.