Investing: A short and simple explanation of the current (2023) financial crisis
Trust is the foundation of every successful financial system that has existed in history. While the trust centers have manifested in many forms (elders, goldsmiths, banks, insurance companies, fund managers, wealth managers, etc), they have always been there.
When trust in the system is eroded for whatever reason, the money stops flowing the way it should. Think of it like a stream that gets blocked and causes all kinds of havoc down stream in the "city" (economy).
The good news is as old systems are drying up, new systems are always being built simultaneously. Not everyone is able to perceive the new system because they are looking through the lens of the world backwards instead of forwards.
This episode is intended to adjust the "vision" of the listeners.
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