this post was submitted on 20 Oct 2025
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[–] givesomefucks@lemmy.world 113 points 2 months ago (12 children)

“The fall of Rome, Spain’s imperial decline, the French Revolution, the end of Bretton Woods [the 1944 agreement establishing today's international monetary system]… this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold,” Bertrand wrote. “We’re witnessing what may be one of the great pivotal moments in financial history yet it’s being barely discussed.”

It'll never get old to me that the Uber wealthy know money is only valuable because everyone agrees it is. And when they accumulate too much, everyone else stops caring about it make Ng it worthless...

And their response is always to hoard a different thing that is mostly valuable only because people all agree it is.

Like, gold does have some actual uses, but none of this is being used for that. Just hoarded because people think others want it.

But shit gets bad enough, it's like a zombie apocalypse.

You can have all the gold in the world, doesn't mean someone will trade even a gun with a single bullet for it.

There's just no real way to hold onto that insane levels of wealth it inequality, because it's totally unnatural. It's unmaintainable, but the people who benefit will try everything to keep it.

[–] ininewcrow@lemmy.ca 40 points 2 months ago (2 children)

It's the legendary metaphor of the all powerful dragon that sits on his mountain of gold

[–] MonkeMischief@lemmy.today 3 points 2 months ago

This reminds me of the Shadowrun universe: the cyberpunk megacorporations are literally run by dragons. It's so apt it's scary lol.

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