New Posts For Thread: Is the world economy one large Ponzi scheme?https://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-schemeRobbing Peter to pay Paul?Once upon a time money was backed up by gold in reserves and the collective wealth was supposed to amount to the total value of assets, minerals and commodities.....thats not really the case now, since around 2000 the inflated figure far exceeds thathttps://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547682365#547682365Once upon a time money was backed up by gold in reserves and the collective wealth was supposed to amount to the total value of assets, minerals and commodities.....thats not really the case now, since around 2000 the inflated figure far exceeds thatWed, 03 Feb 2016 13:24:30 -0600http://dailyreckoning.com/fiat-currency/http://www.gold-eagle.com/article/death-paper-moneyhttps://socioecohistory.wordpress.com/2015/05/14/countries-are-stockpiling-gold-to-prepare-for-the-death-of-fiat-money/https://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547682321#547682321http://dailyreckoning.com/fiat-currency/http://www.gold-eagle.com/article/death-paper-moneyhttps://socioecohistory.wordpress.com/2015/05/14/countries-are-stockpiling-gold-to-prepare-for-the-death-of-fiat-money/Wed, 03 Feb 2016 13:18:03 -0600As long as you're getting enough of the pie what does it matter what sort of scheme it is?https://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547682193#547682193As long as you're getting enough of the pie what does it matter what sort of scheme it is?Wed, 03 Feb 2016 13:04:35 -0600If you rounded up all the cash in the world it is not enough to pay of the worlds debt.This is because of interest, money that does not and never has existed, when you pay back a loan plus interest you were only ever lent the capital, the interest ishttps://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547682109#547682109If you rounded up all the cash in the world it is not enough to pay of the worlds debt.This is because of interest, money that does not and never has existed, when you pay back a loan plus interest you were only ever lent the capital, the interest isWed, 03 Feb 2016 12:53:05 -0600Each generation spends more than it brings in. They fund this by borrowing the shortfall. These people as a whole therefore enjoy a lifestyle better than they should really be enjoying. They then "kick the debt can" down the road to the next generathttps://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547681925#547681925Each generation spends more than it brings in. They fund this by borrowing the shortfall. These people as a whole therefore enjoy a lifestyle better than they should really be enjoying. They then "kick the debt can" down the road to the next generatWed, 03 Feb 2016 12:36:53 -0600Robbing Peter to pay Paul?https://community.betfair.com/chit_chat/go/thread/view/94038/30648037/is-the-world-economy-one-large-ponzi-scheme?post_id=547677711#547677711Robbing Peter to pay Paul?Wed, 03 Feb 2016 06:07:34 -0600