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We're a little crazy, about science!

Posts tagged “economy

A [Real life] Doomsday Prediction

end-of-the-world

Fire, brimstone, four horsemen, doomsday seems pretty bleak in the biblical context. From a scientific perspective, global warming and the need for fresh water will probably plunge people into chaos, which seems like a more likely doomsday model. Unfortunately there are other ways in which the world could come crashing down around us, today I wanted to shed light on just one of those ways.

The most plausible [in my opinion] doomsday scenario comes not from an external force but from our imagination. Let me explain, most money that we deal with is just a placeholder, a social construct, a number on a screen and when dealing with the stock market, it gets even fuzzier, you can essentially make bets for money on [you guessed it] money.

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