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finance
Is the Fed running a Ponzi scheme? #CNBC #CNBCTV
submitted 1 year ago by Questionable from youtube.com
[–]RedEyedWarrior 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 1 year ago (0 children)
Central banks shouldn’t exist.
[–]Site_sux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (1 child)
No
[–]Questionable[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
https://en.wikipedia.org/wiki/Ponzi_scheme
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Well... YEAH. And as Mike Maloney says, "You can't taper a ponzi scheme". Meaning, they talk a big tapering game, but in fact, this being a ponzi scheme, they'll just talk and do a little, then change course so as to not destroy the economy into a deflationary death spiral, a GREATER depression than 1928. They'll save that for 2028, after which they'll introduce a CBDC in 2030 when YOU WILL OWN NOTHING AND BE HAPPY (Or else motherfucker!!!!!!!!!!)
[–]RedEyedWarrior 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (0 children)
[–]Site_sux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (1 child)
[–]Questionable[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)