RE: Relax, Everything Is a Ponzi Scheme

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Relax, Everything Is a Ponzi Scheme

in money •  8 years ago 

Opposite. Ask any major company or financial institution if they are saving or investing.
Now go down to Venezuela and watch how everyone is hoarding..saving something.

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8 years ago by

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      ·  8 years ago (edited)

    Every major company (or any company for that matter)or financial institution saves part of their profits for investment. If they don't , they are not in business for very long.

    In Venezuela, the government is hyperinflating the currency, thereby destroying everyone's savings. You can see the result.

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      [-]
        ·  8 years ago 

      Every major company (or any company for that matter)or financial institution saves part of their profits for investment. If they don't , they are not in business for very long.

      You either invest or save. This is what everybody does after paying for expenses.

      In Venezuela, the government is hyperinflating the currency, thereby destroying everyone's savings. You can see the result.

      Nobody has any savings in Venezuela. They are worth practically nothing. hence why they are saving commodities that are worth more. It is speculated than burning money is cheaper than buying firewood.

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          ·  8 years ago 

        And you can see what happens when saving money is useless. It is chaos.

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            ·  8 years ago 

          it's always chaos my friend. what is chaos for the fly is order for the spider. depends from which seat you are looking at things.

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              ·  8 years ago 

            What , are you an ancient Greek philosopher? All is not chaos.

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                ·  8 years ago 

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                  ·  8 years ago 

                I will have to disagree with that woo woo also. There is such a thing as order, it is very real. Order is allowing us to converse perhaps from opposite sides of our world. What looks like an orderly conversation from my perspective, looks like an orderly conversation from your perspective. And it is all possible because of our rather astonishing ability to harness reality and order it according to our will.

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                    ·  8 years ago 

                  "seeming order". i do explain that as well.

                  What looks like an orderly conversation from my perspective, looks like an orderly conversation from your perspective

                  indeed. momentarily. in a very closed system. now apply that to economies of scale and things get pretty chaotic pretty quick.

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