Price and Value - about our obsession with digital assets

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Why is it that people nowadays are so eager to speculate? Obviously, they’re not interested in the stocks, bonds or cryptocurrencies which they are buying. What they really want is to earn more dollars. But as a matter of fact, they’re not interested in dollars either, are they? Dollars nowadays are nothing but digital entries on a bank server. They have no utility on their own. What people are truly interested in is the things which dollars can buy - food, clothes, shelter, gasoline for their car. In other words, people are interested in commodities. And yet strangely enough, these are the least appreciated assets on Wall Street.

Digital assets are not real wealth. They are merely claims on wealth, which can be repudiated at a moment’s notice. In my view, only things which exist in the physical world, and which are useful in our daily lives, have a true value. Food, clothes, houses, vehicles, appliances, and of course the machines and the raw materials which are needed in order to produce these goods - they are valuable, and everything else is an illusion. In the past decade we have become hyper-focused on digital assets, believing that they will bring us prosperity. But we are not digital beings, and we cannot separate ourselves from our physical needs. I’m afraid that we are in for a rude awakening. As inflation becomes worse, and as we experience shortages of vital commodities, people will need to reevaluate what is important in life, and what we can do without.

Music: Price of freedom, Daddy_s_Music
https://pixabay.com/music/beautiful-plays-price-of-freedom-33106/

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