Let's talk about rights and obligations. Today, I'm going to be very politically incorrect, but I don't care.
We live in a very socialist world. This is typical of the last cycle before the collapse of the world order. I won't go into that again; if you're interested, there's plenty of information in books like "The New World Order" or "The Fourth Turning". It has always been the same: one generation lives off the wealth generated by previous generations.
Why am I saying all this? Because we're seeing many countries adopting populist measures. These measures are driven by the belief that citizens think governments owe them everything, and governments provide it in exchange for staying in power for another four years.
This leads to citizens gaining many rights, while those with money and assets acquire many obligations.
If we extrapolate this to the world of finance, it's exactly what we should never do. If we sell options, we have obligations; if we buy them, we have right…