The Most Ingenious Invention in the History of Finance

We are now in the final stages of a journey which by future historians will be seen as unreal as Lewis Carroll’s “Alice in Wonderland”. Just like Alice called the “Mad Tea Party”, “the stupidest tea party she had ever been to”, the last 100 years could be called the Craziest Extravaganza in history. At the end of the story the Queen of Hearts shouts “Off with her head”. But Alice is not afraid and calls them all “A pack of cards” before she wakes up.

Although the story was written 150 years a...