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> Did I just realize that all money in our current form is credit and I never actually own anything?

You own whatever you exchange your money for, in the simplest terms. Even if it's a bitcoin or a "financial security" or a share or a chunk of gold, or indeed a pork-belly, an iPad etc. etc.



It is actually the credit aspect I just started to understand. Money represents credit. Just like politics, you can ignore it but you can't escape it.


Try this on for size:

How The Economic Machine Works by Ray Dalio

https://www.youtube.com/watch?v=PHe0bXAIuk0

in particular, see the graph of total domestic debt (i.e. credit) to gdp, and how they have short and long term cycles.




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