RE: On World Debt and Ponzi Schemes

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On World Debt and Ponzi Schemes

in money •  7 years ago 

The thing that truly amazes me is that governments talk about deficit not debt. We are increasing our government debt to reduce deficit how does that make sense, this cannot be sustainable.
The big problem with ponzi schemes you have to find a bigger pool of investors every cycle. This cannot last too much longer, when the crash comes everyday people are going be the ones that suffer.

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