Get This and You’ll Get Crypto

 From the Desk of Don Yocham:  The equity value represented by all stocks traded around the world adds up to about $90 trillion. Tally up global bonds and you get another $250 trillion in value. Quadruple that debt number and you approach the value all derivatives - $1 quadrillion. But none of this is real. At least not in a physical sense. You don’t bump into a stock when walking down the street. You don’t eat a bond to survive. Rocket scientists don’t have to account for the weight of a derivative when sending a rocket into orbit. Financial instruments are ideas. We may represent those ideas by a piece of paper or database entry. But representing an idea on paper doesn’t endow it with material existence any more than me writing “I love you” on a note to my wife. Stocks represent the idea of equity in a corporation. Debt represents money owed. Derivatives are ideas piled onto those ideas. The idea of stock, bonds and derivatives rely on laws put down by government. And everything in this paragraph – including corporations and governments – are just ideas too. Turtles all the way down. We may exist in a world seemingly dominated by physical objects and hard constraints. But wealth and power in today’s world comes almost exclusively from commanding ideas. Indeed, ideas rule the world. [And when a new, bigger idea comes strutting along, wealth and power follow…](  To your success, Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information.                                --------------------------------------------------------------- This email was sent to {EMAIL} by Long Weekend 495 Town Plaza | Ponte Vedra | FL | 32081 [Forward to a friend]( | [Manage Preferences]( | [Unsubscribe](