Following assumption is a wrong one and although it worked well for a while, now it is backfiring and it will lead to the destruction of the world economy, unless the production of goods, services and knowledge is valued more and the pseudoelites will perceive that money is just an instrument for the flow of goods and people and information and never the goal.
"Religious devotion, Weber argues, is usually accompanied by a rejection of worldly affairs, including the pursuit of wealth and possessions. To illustrate his theory, Weber quotes the ethical writings of Benjamin Franklin:
Remember, that time is money. He that can earn ten shillings a day by his labor, and goes abroad, or sits idle, one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent, or rather thrown away, five shillings besides. [...] Remember, that money is the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six, turned again is seven and threepence, and so on, till it becomes a hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding feline taint, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.
Weber notes that this is not a philosophy of mere greed, but a statement laden with moral language. Indeed, Franklin claims that God revealed the usefulness of virtue to him. The Reformation profoundly affected the view of work, dignifying even the most mundane professions as adding to the common good and thus blessed by God, as much as any "sacred" calling (German: Ruf). A common illustration is that of a cobbler, hunched over his work, who devotes his entire effort to the praise of God."
The problem now is that Finance Markets actually play games instead of doing something usefull. The money gained at such markets have the same value as those below.
However goverments let them flow these worthless money into the real economy. It is like there is a net of monopoly players that can accumulate this paper and than buy a house or a car. For what reason? Did they produce anything worthwhile? What is that that these investors are exchanging? Money exist because if one sells his house he doesn't want to receive a million of eggs or tanks of milk.
It is impossible that there is money 50 or 100 times more than the volume needed for the needs of the goods and services markets. Actually if the money of the financial markets would flow in the normal one, that would lead to hyperinflation.
