“I don’t see the link between people looking for investment opportunities and blowing up countries. They don’t seem to be linked at all.”

! You don’t see ANY connection between the trillion dollars of Federal debt that came to market this year and the what, 7-800 billion in military spending?

Where would/could that money be invested otherwise? Derivatives? Bidding up FAANG stocks a little more? Buying Tesla stock? Is it at all possible that there is more investment money, than there is investment opportunities and that government debt is necessary to soak some of it up, however it then gets spent?

When interest rates are lower than the stock market is growing, wouldn’t that encourage excessive leverage? Say interest rates are 2% and the markets are growing 5%, people will borrow to chase the market, which then goes up more. Feedback.

While it doesn’t seem likely to be given much credence in the current environment, I suspect that after the bubble does pop, local communities will find it more effective to keep their savingsand investment local and not trust global invesment practices.

“That’s the thing about capitalism, it weeds out ideas that seem cool but nobody actually cares about.”

The thing about capitalism is that everyone wants to make money, even if the economy on which that money is based is being short circuited in the process.

As I pointed out at the beginning, money is the medium which enables markets to function, but it has become their God. It’s no longer about enabling society to function, but just manufacturing money as the goal of society.