Real experts, in any field, are people who can make the most incomprehensible issues and complex things simple. They can explain it so it makes sense. At the very minimum people who can’t easily do that lack communication skills. They also often lack any real understanding of what they are talking about. Take the subject of money as an example. Money can seem quite complex and “complicated” – but only if it is made to seem that way. The basics of money are really pretty simple.
Money is a medium of exchange. Money is an idea backed by confidence. It isn’t a piece of paper – but it can be. It isn’t a credit card, but it can be a credit card. It is an idea backed by confidence. I totally trust in your word that you will give me the exchange you say you will. That is all it ever was, is, or will be. Money is an idea backed by confidence. If we lived in a society where the exchange was “direct” – I’ll give you four chickens and a box of oranges for your young calf, it would be impossible to have “inflation” or a “collapse of the system”. If the people who control the money supply did what they are actually supposed to do (allow an increase of “money” that matches an increase in production) we would not ever have a “financial crisis”.
Money is a medium of exchange. Something for something. Dentists exchange a service for money. So do Realtors, plumbers, brick layers, etc. Entertainers exchange a valuable smile or an entertained feeling of some sort. General Motors and BMW exchange automobiles. An exchange would always be in the category of a product or service of some kind. Trouble only enters in when the exchange is out. The something for something factor isn’t present: short selling, hedge funds, futures trading and of course, most investment banking. There are people who work night and day to take the necessary, simple concepts of money and deliberately make them so complex that even the other “financial professionals” don’t quite understand them. Nice work. For a criminal.
There is an endless sea of “data” on the subject of finance. There are really only a few important fundamentals. Anyone who had the well being of his fellows in mind wouldn’t work to make a simple subject incomprehensible to everyone else. The current mess didn’t just happen. It wasn’t an “accident”. It was engineered and created by Wall Street types. Every single one of them who had a hand in this took money from everyone else – with no exchange. The inflation alone that will result from these actions will make most of the world’s money less valuable. And now some of the very people who stood by while it was happening – seemingly asleep – will take credit for “fixing things”.
The good news is the sun will still come up tomorrow. Regardless of the government and media gibberish, this isn’t “the end”. I’m pretty sure the earth will continue to spin on it’s axis.