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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (47446)	3/15/2009 1:37:54 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217857

The US$ isn't a Ponzi scheme. A Ponzi scheme is where current income is used to pay the supposed "profits" to people who have previously put money in to the scheme. Because profits might be only 10%, that means it can take 10 years to use up a year of current income as only a tenth of it a year has to be paid out and with a bit of income on the investments, payments can go longer than that. If revenue is growing because lots more people are wanting in to the scheme, then lots of loot can be taken out by the scamsters and the thing can keep going for decades. But when growth stops and capital is used up, it's game over. The same thing applies to state-run pension schemes. As populations drop and revenues drop, future retired people will not be paid much, if anything. The USS is diluted by the owners of the scheme nabbing profits of control , but it's not a Ponzi scheme. It's just a supply and demand run commodity. Everyone can see what's happening and nobody has to hold any of the stuff. On the contrary, if they think it's going down, they can hold debt. What governments around the world are doing is promising pensions in future while paying out existing pensions from current income, not from savings. If there were tradable citizenships, people could make their own arrangements as they see fit instead of being locked into the sure to fail government run Ponzi schemes. Mqurice

To: dybdahl who wrote (47446)	4/17/2009 1:10:37 AM
From: elmatador	Respond to of 217857

The problem of interlocking markets in Europe. "The (French) government has not (yet) had to rescue any big French bank. French people are not personally much in debt. True, France’s economy has been battered, but less so than most of its neighbours’. The Paris-based OECD expects GDP to shrink by 3.3% this year, compared with 3.7% in Britain and 5.3% in Germany. Yet French voters are in a volatile mood and Mr Sarkozy is surprisingly unpopular at home. economist.com