Farley on Nostr: Once upon a time in the glittering towers of Wall Street, there lived a man named ...
Once upon a time in the glittering towers of Wall Street, there lived a man named Larry Fink, a financial wizard with a knack for conjuring up magical fiat products. While many thought of wizards as those who turned lead into gold, Larry’s true talent lay in turning thin air into money—well, sort of.
Larry's workshop, BlackRock, was the largest financial alchemy lab in the world. He had a team of analysts, economists, and magical spreadsheet operators who helped him create his latest marvel: *The ETF of Everything*. It was a marvel to behold! It allowed people to invest in, well, everything. Real estate in Mars? Covered. Cows that may one day give milk flavored like cookies? Included. Even that neighbor’s old shoes that might become vintage collectibles someday? You guessed it, in the basket!
“What’s the underlying value of these things?” some dared to ask, scratching their heads. “Value?” Larry chuckled, his eyes twinkling. “We’re not in the business of real value. We deal in the promise of value, the potential of value, the… suggestion of value!” And with a wave of his hand, trillions of dollars began flowing into these invisible wonders.
And so, the public, dazzled by Larry’s confidence and the smooth talk of “diversification,” poured their savings into this newly minted magic. His products became so abstract, people could hardly keep up. There was the *Negative Yield Bond Balloon*, where the longer you held onto it, the more you lost! “It’s like paying someone to hold your money, but cooler!” the brochures explained.
Then there was *The Environmental, Social, and Governance (ESG) Fairy Dust Fund*. This one promised to save the planet while also growing your wealth! “How?” you might ask. “Well, by telling companies to *try* to do better. Not actually change, mind you, but just aim in that direction.” Shareholders cheered as they imagined themselves as planet-saving heroes, all while sipping lattes from plastic cups.
Next came Larry's pièce de résistance: *The Fiat Infinity Token*. Unlike Bitcoin, which required real energy and computational power, this token was backed by the strongest foundation of all—Larry’s confidence. “It’s decentralized!” Larry proclaimed. “Well, sort of... it’s centralized in my hands, but for you, it’s decentralized from value.” People lined up to buy it. After all, if Larry believed in it, surely it had to be worth something!
One day, an old farmer visited Larry's office. He carried a basket of fresh vegetables and said, "Mr. Fink, I don't understand all these financial products. Can I use my savings to buy a chicken or a cow? Something useful, something real?" Larry stared, bewildered, as if the farmer had asked to trade magic beans for an actual house. "Why settle for a chicken," Larry replied, "when you can have fractional ownership of *potential future chickens* across three continents?"
The farmer scratched his head. "But... I need eggs now, not maybe someday."
Larry waved him off. "That's the old way of thinking! In the future, you'll have all the eggs you need—on paper."
As time went on, the financial marvels became more and more disconnected from reality. The stock prices of companies that didn’t make a profit soared, while physical goods—like food, water, and houses—became harder to afford for the everyday person. But Larry wasn't concerned. He was too busy promoting his new innovation: *The Infinite Debt Machine*. "You just take out a loan on a loan on a loan," Larry explained with a grin. "And as long as no one asks for the money back, it keeps growing!"
But one day, the people woke up. They looked around and realized that while they owned a little piece of everything, they couldn’t actually *do* anything with it. Their money had become a number on a screen, disconnected from the real world. They couldn’t buy groceries with their shares in speculative Mars real estate, and the farmer's basket of vegetables now seemed worth more than all the financial marvels Larry had cooked up.
And so, the people began to wonder: what if value wasn’t found in magical financial products but in something real? Maybe in hard work, tangible goods, or a currency that couldn't be inflated into oblivion.
Larry, still spinning his web of fiat fantasies, didn't notice the tide turning. But one thing was certain—no matter how many products he created, at the end of the day, you couldn't eat a spreadsheet.
And thus, the lesson was clear: sometimes the most valuable things in life are the simplest, and no amount of financial magic can replace what’s real.
The end... or is it?
Published at
2024-10-08 02:23:29Event JSON
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"content": "Once upon a time in the glittering towers of Wall Street, there lived a man named Larry Fink, a financial wizard with a knack for conjuring up magical fiat products. While many thought of wizards as those who turned lead into gold, Larry’s true talent lay in turning thin air into money—well, sort of.\n\nLarry's workshop, BlackRock, was the largest financial alchemy lab in the world. He had a team of analysts, economists, and magical spreadsheet operators who helped him create his latest marvel: *The ETF of Everything*. It was a marvel to behold! It allowed people to invest in, well, everything. Real estate in Mars? Covered. Cows that may one day give milk flavored like cookies? Included. Even that neighbor’s old shoes that might become vintage collectibles someday? You guessed it, in the basket!\n\n“What’s the underlying value of these things?” some dared to ask, scratching their heads. “Value?” Larry chuckled, his eyes twinkling. “We’re not in the business of real value. We deal in the promise of value, the potential of value, the… suggestion of value!” And with a wave of his hand, trillions of dollars began flowing into these invisible wonders.\n\nAnd so, the public, dazzled by Larry’s confidence and the smooth talk of “diversification,” poured their savings into this newly minted magic. His products became so abstract, people could hardly keep up. There was the *Negative Yield Bond Balloon*, where the longer you held onto it, the more you lost! “It’s like paying someone to hold your money, but cooler!” the brochures explained.\n\nThen there was *The Environmental, Social, and Governance (ESG) Fairy Dust Fund*. This one promised to save the planet while also growing your wealth! “How?” you might ask. “Well, by telling companies to *try* to do better. Not actually change, mind you, but just aim in that direction.” Shareholders cheered as they imagined themselves as planet-saving heroes, all while sipping lattes from plastic cups.\n\nNext came Larry's pièce de résistance: *The Fiat Infinity Token*. Unlike Bitcoin, which required real energy and computational power, this token was backed by the strongest foundation of all—Larry’s confidence. “It’s decentralized!” Larry proclaimed. “Well, sort of... it’s centralized in my hands, but for you, it’s decentralized from value.” People lined up to buy it. After all, if Larry believed in it, surely it had to be worth something!\n\nOne day, an old farmer visited Larry's office. He carried a basket of fresh vegetables and said, \"Mr. Fink, I don't understand all these financial products. Can I use my savings to buy a chicken or a cow? Something useful, something real?\" Larry stared, bewildered, as if the farmer had asked to trade magic beans for an actual house. \"Why settle for a chicken,\" Larry replied, \"when you can have fractional ownership of *potential future chickens* across three continents?\"\n\nThe farmer scratched his head. \"But... I need eggs now, not maybe someday.\"\n\nLarry waved him off. \"That's the old way of thinking! In the future, you'll have all the eggs you need—on paper.\"\n\nAs time went on, the financial marvels became more and more disconnected from reality. The stock prices of companies that didn’t make a profit soared, while physical goods—like food, water, and houses—became harder to afford for the everyday person. But Larry wasn't concerned. He was too busy promoting his new innovation: *The Infinite Debt Machine*. \"You just take out a loan on a loan on a loan,\" Larry explained with a grin. \"And as long as no one asks for the money back, it keeps growing!\"\n\nBut one day, the people woke up. They looked around and realized that while they owned a little piece of everything, they couldn’t actually *do* anything with it. Their money had become a number on a screen, disconnected from the real world. They couldn’t buy groceries with their shares in speculative Mars real estate, and the farmer's basket of vegetables now seemed worth more than all the financial marvels Larry had cooked up.\n\nAnd so, the people began to wonder: what if value wasn’t found in magical financial products but in something real? Maybe in hard work, tangible goods, or a currency that couldn't be inflated into oblivion.\n\nLarry, still spinning his web of fiat fantasies, didn't notice the tide turning. But one thing was certain—no matter how many products he created, at the end of the day, you couldn't eat a spreadsheet.\n\nAnd thus, the lesson was clear: sometimes the most valuable things in life are the simplest, and no amount of financial magic can replace what’s real.\n\nThe end... or is it?",
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