Iconomy


(composite from the greek words, icon-iconic meaning image-imaginary-virtual and economy)

iconomy is a state where certain “financial tools” (derivatives/futures-options-cds etc), leveraged credit and uncontrolled increase of money supply, altogether sum up to a matchless value chaotically multiple of the total value of all fixed -ssets, properties and commodities reserves of the real economy
credit expansion obtained by financial inst-tutions generating “vitual -ssets” and investment potential in bureaucratically created financial tools, void of any real or productive value, is a prominent form of iconomy

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