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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (55014)8/9/2011 5:39:28 PM
From: John  Read Replies (1) of 103300
 
That's exactly right, Wayners. The entire world's growth cycle is based on the ponzi/pyramid scheme. It is mathematically impossible for central banks to sustain it forever. All they can do is repeatedly repack the debt, sell it to someone else, and push it further out into the future.

I know that the US buys the UK's debt and vice versa, but I've wondered if the US buys China's debt. I'll try to look that up.

Regardless, debt is a big sham that is brought about by the human desire to possess something today that is unaffordable until tomorrow (or never). -ng-

The rent-to-own stores and cash stores rake in the moola because idiots don't have the self-discipline to save their money for a couple of months to buy their new television sets at Wal-Mart for ~200 clownbux. No, they would rather get it today and pay 30 clownbux a month for the next two years ($720). (...or whatever they charge these days).
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