Seems very similar… What’s the difference?
Simple answer, yes.
Ponzi schemes promise everyone a return and don’t charge anyone interest. So it’s impossible for it to ever work because eventually they run out of money and have to screw over the last batch of investors. Banks pay interest to some people, and charge interest to others, so they actually generate revenue that can be used to reward people who save, by charging people who want to buy things that they can’t afford.
…Or the ponzi scheme promises you a return, cheats you out of it, and takes everything for itself…
Also, the vast majority of people who use a bank aren’t investing in anything. They’re simply putting their money in a safe place, and can take that money back again any time they want, barring some nationwide economic catastrophe (and probably still even then). When you invest in a Ponzi scheme, the money you put into it is gone, on the promise that you’ll get more money in return later.
money we put in the bank is NOT safe… sorry… fractional banking allows 10% reserve, for every 10 dollar deposit they create out of thin air 90 dollars, money that does not and will never exist … meaning that your money is being absorbed by the debt black hole
You should watch the “money masters” by Bill Still, an internet blockbuster
yes it is a ponzi scheme. But many people dont want to face it because they would have to deal with their lives crumbling down. what is under way anyway, derivatives neutron bomb will take care of that. 1.5 quadrillion dollars will be soon gone up in smoke. I am being called incoherent because I want usury being considered a crime against humanity. Derivatives are a by product of usury, just like anything else in our current economic framework.
Wednesday, September 26, 2012
Derivatives Market a $1.2 Quadrillion Time Bomb
independentreport.blogspot.com/2 … -time.html
Global Derivatives: $1.5 Quadrillion Time Bomb
August 24, 2015
globalresearch.ca/global-der … mb/5464666
Money is the quantizing and documenting of desire. When desire fades for whatever reason, the documents slowly fade as well. The intent is to keep the naive endlessly striving and desiring with false hopes - the ouroboros serpent.
Such a scheme makes those atop extremely wealthy and powerful at the expense of burning those on bottom via frustrated desire, ie. “Hell”. And guess who/what is in charge.
So keep your money under your mattress then. What I’m describing is the experience of the typical bank patron- i.e., somebody with a few hundred or a few thousand dollars in a checking account that pay checks go into, and bills come out of. That person’s experience is nothing at all like investing. For them, the bank is just a place they store their money that is safer than their closet, and (thanks to debit cards) universally accessible.
So keep your money under your mattress then. What I’m describing is the experience of the typical bank patron- i.e., somebody with a few hundred or a few thousand dollars in a checking account that pay checks go into, and bills come out of. That person’s experience is nothing at all like investing. For them, the bank is just a place they store their money that is safer than their closet, and (thanks to debit cards) universally accessible.
That seems reasonable - but why would a Ponzi Scheme immidiately spend it? Why not save some for back up? I dont’ think it is immediately gone. Madoff gave alot of investors big returns, year over year. I think a ponzi scheme can act more carefully to not make such mistakes. After all, Madoff did last 40 years. The big banks failed in 08 and revealed their ponzi scheme like business model when a run was made on their assets they paid for with other people’s money. When those assets collapsed in value well, they failed and had to be bailed out by the fed.
But - how many ponzi schemes are running that never got caught? Do we know? Will we know?
Maybe I’m misunderstanding a Ponzi scheme, but I mean it’s immediately gone from the perspective of the investor. In other words, if I put 300 dollars in the bank today, I can go get my 300 dollars back tomorrow. If I put 300 dollars into a Ponzi scheme, I can’t have it back tomorrow- I have spent it, purchasing a promise that I will get 350 dollars next year or whatever.
Right?
Yeah that’s a poorly ran one I guess. Madoff ran one for 40 years and actually gave investors large yearly returns, because he always had more money coming in than going out. You should check out chasing Madoff, great documentary on it.
Speaking of Ponzis, all of you in the very near future will get to watch this global Ponzi unwind. It will be epic.
still trying to find the safe spot but its difficult since there wont be many places to hide left… possibly andes in peru, mongolia, ect?
paper money = zero, no value, only survives when confidence is high (credit boom), when confidence goes down (credit pipe shut down), the system too. Yeah sure bank cards are fine… the cashless society is another danger in this environment, cant you see WHY?
Jefferson: Quotation: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered… I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
my stance coercive?
voters who are absolutely clueless about the world financial structure are more dangerous than central banks
It’s a global unwind. There will be no safe place to hide out. Not even under a rock.
The countdown has already begun.
Then throw it away. Or better yet, give it to me. I’ll take your completely worthless paper money that has no value. Hell, I’ll even mail you an equal weight of paper back in return.
Are you familiar with the economic impact of a devalued dollar?
Everybody here knows your politics. How are you in terms of subjects on economics?
They get to create money. This is beyond the Ponzi scammer’s abilities.
Imagine if I borrowed ten bucks from you. I then owe you ten buck, but you can now go online and invest that ten bucks you loaned me in the stock market.
Cool eh??!!
It is not that you get to invest some other ten bucks, but rather you now get to consider that ten bucks that did not exist before you loaned it to me even (in the case of banks)
and invest it.
You have to have some tiny fraction of the money you loan out. That’s it.
Gosh I would love to have that right.
I send money via computer to you. I do not deduct this money from anything. If you default on the loan I get to come and take whatever stuff you own.
And I get to invest and make money with the money I loaned you.
What Jesus did with fish and wine was nothing next to this magic.