Is the global economy a pyramid scheme?

Author: IlDiavolo
fraud
Slavery
global economy
pyramid scheme
hoax

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#1
IlDiavolo
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Is it? I've already seen this statement before and honestly I'm getting more convinced about it.

I'm not intending to promote socialism or comunism which is even worse but the current game we are playing in has a lot of flaws. We need a change but nothing seems to come up.

What is the problem? The central banks? The curency system? The private banks? The rich? The poor?
#2
n8nrgim
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I think the root of the problem is that we live in a democracy and make decisions that help the majority of the usa or even only usa and not other countries. Like borrowing instead of paying the deficit or electing crap politicians. The usa is the main engine of the world economically and militarily and diplomatically and the rest of the world rises and falls with the usa, good or bad. 
#3
n8nrgim
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We could also make an economy that helps everyone with all the technology we have but libertarians and republicans r too dense to wanna keep our basic social safety net or to expand it
#4
Best.Korea
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@IlDiavolo
Well, huge trade deficits clearly show that some countries are somehow importing much more products than they are exporting. Some countries barely have production, yet are somehow richer in life standards than countries with very high production.
#5
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@n8nrgim
The usa is the main engine of the world economically and militarily and diplomatically and the rest of the world rises and falls with the usa, good or bad. 
Why should the USA be an economic slave to the world? Maybe the world economy would do much better without leeching off the USA. Maybe USA would be better for Americans if we didn't slave away supporting the global world masters...

Break your chains and free yourself.
#6
Yassine
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@IlDiavolo

Is it? I've already seen this statement before and honestly I'm getting more convinced about it.
- Absolutely, it is. It's a thousand pyramid schemes aimed at constantly transferring wealth from the entire world to Western banks at the top (Jews & Co.). It's the greatest theft in the universe. Allow me to show you a few of these schemes:
• The USD is a pyramid scheme. The US "prints" trillions of dollars per year expanding the currency pool & thus deflating the value of all USD in the world, & therefore of all other monies in the world (since the USD is the reserve currency), which is essentially trillions of of dollars of wealth transfer from all those who save their money across the globe into US banks. 
• USD being reserve currency causes other currencies to depreciate constantly & all other nations to absorb & suffer the inflationary effect keeping US inflation at minimum. This in turn affords the average American relatively cheaper goods from abroad & cheaper workforce, affording US multinational companies large margins of profits impossible for others to compete with.
• US having a trillion dollar of trade deficit a year literally means FREE stuff for Americans they have never worked for; in effect, ~$10k worth of free cheap goods per household a year. The US "prints" money which was never earned that other countries are willing to take in exchange for real goods & services. – In fact, the average American gets ~$250k in their lifetime that they have never worked for, from sheer USD power. 
• The US undermines any polity in the world even attempting to seek alternatives to US interests using the trillions it steals from them, by funding oppositions or revolutions, assassinations, regime change, sanctions, blockages, or invasions if nothing else works. 
• The US, with the trillions it constantly steals from the rest of the world, gives loans to countries which suffer from the resulting inflation, to be paid forward to US companies in the hope of building much needed infrastructure in these countries, which never come to fruition, forcing these countries to pay back the loans (which already made it into US companies banks) by borrowing money from international banks like the IMF, which itself is stolen from these countries through "printing", that these have to take yet again from their citizens to pay back these international banks while under anti-prosperity regiments imposed by these banks as condition. 
• The USD being reserve currency affords the US such low inflation that the "central bank" can offer very low interest rate, which drives companies or even states across the globe to borrow from the US & buy their bonds at the expense of their own nations.
• The 2013 Federal Reserve establishment, the 2029 Great Depression, the 1944 Bretton Woods system, the 1971 USD reserve currency, the War on Terror, the 2008 Recession, the Covid19/Ukraine War...etc are all examples of giant theft schemes from all people of the world.
• The Stock market itself is a pyramid scheme. You need new buyers for the stock to go up. The moment less people are willing to participate, the entire exchange will collapse to zero. This is just a wealth transfer scheme from the average earner to the capitalists & insiders. Tesla's marketcap was 200x its net income. Elon's Musk Tesla net-worth is $200B, whereas in the real world his profit share from the company is barely $900m. Yes, it's pyramid scheme, aka theft scheme.
... & a thousands other schemes.

I'm not intending to promote socialism or comunism which is even worse but the current game we are playing in has a lot of flaws.
- Forget the "isms". All nonsense. Communism immediately puts the wealth of the entire nation in the hands of those in power (i.e. banks) by calling it "public". The Bolsheviks were Jews funded by Jewish bankers to take revenge on the Christian Russians who oppressed them & steal the wealth of their nation. Capitalism, instead, transfers wealth constantly from labour to capital, from those who produce from the whole world to the Western bankers. – Imagine this story, the US spends billions of money it doesn't have that it stole from everyone else through "printing" to bring about a regime change in Ukraine, to push Ukraine into a war with Russian. The US then gives Ukraine 100s of billions of $ worth of aid & arms, of money that doesn't belong to her that everyone else pays for including Ukraine, 99% of it goes back to US banks anyways through US contractors. Then US comes to ask Ukraine for the money back that it already stoke twice now & Ukraine can't pay, by "allowing" Ukraine to borrow from international banks, who are willing to loan it money that isn't theirs either under "mining rights" & other conditions, so that the US can suck the country dry even more, just so Ukraine can tax its citizens further to pay back the IMF with interest. These are layers upon layers upon layers upon layers of theft that you can't even fathom. & I mean by the US here, US banks, or Jews. – This is a simple example which applies to everything else.

We need a change but nothing seems to come up.
- The whole thing will eventually collapse on itself. Quite possibly very soon. It's unsustainable, especially since the base of the pyramid (developing economies) is increasingly becoming an unwilling participant. – Except it will reset again & the theft will restart until it collapses again. The only good solution to this is through conquest. An anti-usury power must conquer the world & put an end to this once & for all. The only viable candidate thus is an Islamic empire.

What is the problem? The central banks? The currency system? The private banks? The rich? The poor?
- Usury, or simply the Jews.
#7
Yassine
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@Greyparrot
Why should the USA be an economic slave to the world? Maybe the world economy would do much better without leeching off the USA. Maybe USA would be better for Americans if we didn't slave away supporting the global world masters...
- LMAO! The US is by far the greatest leech that has ever existed in Human history, constantly stealing trillions from the rest of the world through hundreds of wealth transfer schemes, like the USD, the Financial System, SWIFT, the Stock exchange, Forex, trade deficit, "aid" like USAID & NED, development banks like the IMF, insurance investment banks, constant wars...etc. The US is the economic slave of the world, as it needs the entire world to sustain itself & does not have a self-sustaining economy. – In fact, the US is stealing your own money as you speak.

Break your chains and free yourself.
- You will become one of the poorest nations on Earth the moment any of those systems collapse, such as the USD, as all else will shortly follow. Better not put too much faith in the US, put your wealth elsewhere, towards the East. This is financial advice.
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#8
IlDiavolo
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@Yassine
An anti-usury power must conquer the world & put an end to this once & for all. The only viable candidate thus is an Islamic empire.
You were going well until you proposed an Islamic power as candidate for regulating the world. That was funny.

Anyway, I also think the problem is corruption. We have been ruled by fkn greedy people that don't care about the world. Good people should rule the world but they are not willing to get into politics because it's too dirty and dangerous. These people can come from any religion and even be atheists because you can find good people everywhere. 

The contactees (people in contact with aliens) say this is going to end soon because the aliens will kill them all (seperate the wheat from the chaff). Hope this is true because it's impossible to go forward with these mf.

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#9
IlDiavolo
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@Best.Korea
Well, huge trade deficits clearly show that some countries are somehow importing much more products than they are exporting. Some countries barely have production, yet are somehow richer in life standards than countries with very high production.
There is nothing wrong with trading. 

I think the problem rests on the complex financial schemes that some bankers make up in order to get better returns. This is actually the root of all the financial crisis we've had so far, everything was about bubbles that these bankers provoked at the expense of the people.

#10
Shila
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@Yassine
- You will become one of the poorest nations on Earth the moment any of those systems collapse, such as the USD, as all else will shortly follow. Better not put too much faith in the US, put your wealth elsewhere, towards the East. This is financial advice.
The only other choice is China.
#11
cristo71
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@IlDiavolo
Disclosure:  I have yet to watch the whole doc, but I noted the year it came out— 2012– and as someone who was a homeowner attempting and failing to refinance that very year, the doom and gloom message in the doc became all too clear. The irony is that 2012 marked the beginning of the longest stretch of stock market growth, lowest interest rates, and lowest inflation in US history, despite the aggressive policy of Quantitative Easing which many incorrectly predicted would lead to massive inflation. And as bad as inflation is, deflation is actually worse as it grinds an economy to a halt.

Several reviews have dismissed the doc as one big ad for investing in gold. Sure, you can invest in gold. I do. On a risk adjusted basis, it has actually been one of my best investments. But here’s the thing:  what gives gold its value? You can’t eat it, drink it, or use it to keep you warm in the winter. You can’t even use it to buy groceries! If you were selling your car, and a guy offered to pay you in gold bars, would you even know how many gold bars your car is worth, and why? Even gold isn’t a uh… “silver bullet.”

So, the central issue is and always will be: where does wealth/value come from? At its most fundamental, it comes from relative scarcity and desirability. So, invest in things which are relatively scarce and desirable or even better— companies which produce desirable things. It sounds simple, but don’t confuse simple with being easy. The best remedy of all is to develop scarce and desirable skills.
#12
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@cristo71
The best remedy of all is to develop scarce and desirable skills.
That is the same as saying emulate the Chinese.
#13
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@IlDiavolo
I think the problem rests on the complex financial schemes that some bankers make up in order to get better returns. This is actually the root of all the financial crisis we've had so far, everything was about bubbles that these bankers provoked at the expense of the people.
There is a really good doc on the GFC of 2008 titled “Inside Job.” It makes one think that things could not have gone worse if it were our goal to cause a financial crisis. The Great Depression led to the Glass Steagall Act which prohibited the commingling of commercial banking with investment banking. It seemed to work. Then the Gramm Leach Bliley Act of 1999 (I think) largely undid that policy. I believe this was a pivotal cause of the GFC. The Dodd Frank Act was then enacted to make banks more conservative in their reserves, but I still think it is not as effective a preventative measure as was Glass Steagall.

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Shila
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@cristo71
There is a really good do on the GFC of 2008 titled “Inside Job.” It makes one think that things could not have gone worse if it were our goal to cause a financial crisis. The Great Depression led to the Glass Steagall Act which prohibited the commingling of commercial banking with investment banking. It seemed to work. Then the Gramm Leach Bliley Act of 1999 (I think) largely undid that policy. I believe this was a pivotal cause of the GFC. The Dodd Frank Act was then enacted to make banks more conservative in their reserves, but I still think it is not as effective a preventative measure as was Glass Steagall.
All the examples you have given came from the west. This proves only China can be trusted.
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@Shila
This proves only China can be trusted.
Yes, but with what?

#16
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@IlDiavolo
I can't envision a pyramid scheme that takes centuries to collapse, nor one that tangibly enriches the average participant as opposed to a small minority of them.
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#17
IlDiavolo
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@cristo71
Several reviews have dismissed the doc as one big ad for investing in gold. Sure, you can invest in gold. I do. On a risk adjusted basis, it has actually been one of my best investments. But here’s the thing:  what gives gold its value? You can’t eat it, drink it, or use it to keep you warm in the winter. You can’t even use it to buy groceries! If you were selling your car, and a guy offered to pay you in gold bars, would you even know how many gold bars your car is worth, and why? Even gold isn’t a uh… “silver bullet.”
For some reason I've always hated economy so I'm not interested in learning it. However, I think I can respond this comment. From what I understand, the gold behaves as any commodity so its price is based on the law of supply and demand. You must know that gold is used in several ways, one of them in the tech industry because it's the metal with the best electrical conductivity. So, if you have an old computer don't throw it because it surely contains a bit of gold.

At any rate, I think gold is not the solution, there was a reason to stop using it as currency. I'm pretty sure this system will collapse anytime soon and it will be a tough hit. People will revolt and the system will change anyway as in the French Revolution. My desire is that peoplw can change the system without too much pain.


#18
Yassine
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@IlDiavolo
You were going well until you proposed an Islamic power as candidate for regulating the world. That was funny.
- I meant that. Even if the system collapses, another will take the torch & build another pyramid scheme. The average guy has no chance. The only empires in which these kinds of schemes never thrived were Islamic empires. A Jew doing a pyramid scheme back in the Islamic empires can get up to the death penalty, especially if in a high office. That's a fact. Christian nations never do really ban usury, it rather thrives the most therein, until they reach the brink of collapse & expel jews, just to fall into the same trap shortly after. Other nations even less so. I would've suggested a Christian empire if I though it would put an end to this system, but no such thing unfortunately.

Anyway, I also think the problem is corruption. We have been ruled by fkn greedy people that don't care about the world. Good people should rule the world but they are not willing to get into politics because it's too dirty and dangerous.
- You're saying this because you've been lied to since you were a baby with so much indoctrination about "rights" & "democracy" & "freedom" blahblah.. As if the ruler is ruled by the ruled, what an utterly absurd notion! – The ruling dynasty is just ruling as it wishes & the ruled are subject to it, that is all. This is always true, by design. "Democracy" & "constitution" & all that just are simply succession rules for those in power to organize their dominion & inner power struggle & to avoid civil wars, just like royal succession rules that preceded them. This has nothing to do with you, you are made to think like you are a participant just to control your dissatisfaction, "maybe vote better next time". But I do agree with you in that the modern system is much more conducive to corruption than other governance systems in the past or in other civilizations. 
 
These people can come from any religion and even be atheists because you can find good people everywhere. 
- But they will not ban & punish usury, which is the crux of the matter here. Instead, they call it 'interest' & 'inflation' & 'capital gain' & all kinds of nice names...

The contactees (people in contact with aliens) say this is going to end soon because the aliens will kill them all (seperate the wheat from the chaff). Hope this is true because it's impossible to go forward with these mf.
- You can take advantage & be at the receiving end of this wealth transfer by making some jewish friends & being an insider, or just go to the East.

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#19
IlDiavolo
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@Swagnarok
I can't envision a pyramid scheme that takes centuries to collapse, nor one that tangibly enriches the average participant as opposed to a small minority of them.
The global system is based on capitalism but it's not capitalism per se. The video is referring to the moment Nixon abandoned the gold standard. Also, any pyramid scheme needs a capitalist system to work. So, I'm not against capitalism but how it is used to enslave people.
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cristo71
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@IlDiavolo
gold behaves as any commodity so its price is based on the law of supply and demand
Yes, which can get complicated and tricky to predict. More gold can be mined, increasing supply. Stock crashes can cause investors to sell their gold to cover debts, and that selling pressure lowers the price of gold at a counterintuitive time. There are other useful precious metals in the mix, such as silver, platinum and lithium, all of which are subject to supply and demand pressures. And, of course, there is the relatively recent addition of cryptocurrencies which add yet more competition and instability to gold as a store of value. As it currently stands, world currencies are based in a system called “floating or flexible exchange rate” instead of being tied to any particular precious metal or bundle of metals.

#21
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@IlDiavolo
@n8nrgim
I'd rather people big into Socialism, apply it to themselves if they admire it so.
I don't 'think Groups/Cities/States are disallowed from setting up organizations that they pay taxes to, and then are by that organization are provided Health Care or Food.

I 'do think it would be more advantageous for communities to be more 'communities, interact, plan, and act together.
Have shelters, buy up 30 years of food for the group and eat or donate it over time as they replace the food.

I suspect villages are better for the human condition than cities.
Dunbar's number is a suggested cognitive limit to the number of people with whom one can maintain stable social relationships.

My view is America stopped using gold because of nefarious government stealing it from it's citizens in overreach.

Never really thought much about why other countries might not use gold.
#22
Swagnarok
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@IlDiavolo
The video is referring to the moment Nixon abandoned the gold standard.
Then no. There's a finite amount of gold in the world, and if a process were developed to economically manufacture it, the price of gold would collapse, making it useless. A global economy that we expect to keep growing needs either a steadily expanding supply of fiat currency or some better substitute for gold.

Some countries, instead of gold, have used currency pegging, meaning a local "dollar" is exchangeable for a foreign "dollar", assuming their value was the same. This is done to stabilize such and keep its value from collapsing, but most economists view this scheme as unhelpful in the long run and advanced economies tend not to rely on it. For example, see the so-called "impossible trilemma":

#23
zedvictor4
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@IlDiavolo
If we don't understand the "problem" by now, then do you think we ever will?

Actually is there really a problem?

Human beings behave and interact just as they have always done...Selfishly.

Though through selfishness we are still able to achieve a collective intellectual and material state of progress.

I would suggest that in this respect, the existence of the individual is a universal nanosecond of either irrelevance or significance.

And banks, wealth and the associated quality of an individuals monetary and social status, is just a necessary facet of a planetary based evolutionary system.


On the other hand, if everything that we achieve here on planet Earth has no greater universal significance, then what's the "problem" if everything that we do is absolutely pointless.

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#24
IlDiavolo
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@zedvictor4
Human beings behave and interact just as they have always done...Selfishly.
Uhmm... that's not just selfishness, imho. This is pure evil. Being selfish is to not give a crap about people which is acceptable, it's your right to not give a damn. Being evil, on the contrary, is to take advantage of the people, that's at the very least frowned upon.

And banks, wealth and the associated quality of an individuals monetary and social status, is just a necessary facet of a planetary based evolutionary system.
I'm not saying otherwise. These components are necessary for the capitalist system. The problem is when the system is hijacked so that only a group of greedy muthafukas benefit from it.

On the other hand, if everything that we achieve here on planet Earth has no greater universal significance, then what's the "problem" if everything that we do is absolutely pointless.
Well, we don't know. There is the theory of us being an experiment of the fkn aliens, whatever the outcome is would have a great impact in the whole universe. If it's so we are not so meaningless.
#25
Shila
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@cristo71
This proves only China can be trusted.
Yes, but with what?
As a global leader to replace disconnected America.
#26
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@IlDiavolo
Maybe there's a reason for muthafukas.
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#27
IlDiavolo
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@zedvictor4
Maybe there's a reason for muthafukas.
Believe me, I met some of these muthafukas, one of them was a schoolmate. These are fearless people with no morals. I would never dare to do what they do, ever. They are very likely psycopaths, or sociopaths at the very least. They break the law in order to get what they want which is usually to persue a life of excess and power.

I mean, any of us can fall into the temptation of breaking the law so to have some extra money for our family or for ourselves. But if we're caught we can feel some remorse for it. These people don't. Most of them are even capable of murdering if they feel threatened. So, it's totally justified to call them "muthafukas". I don't know how you would call them there in England. Cunt, maybe?
#28
Best.Korea
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@IlDiavolo
 I don't know how you would call them there in England. Cunt, maybe?
They are usually called sell-outs or power-driven individuals both which degrade society.

#29
Shila
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@zedvictor4
Maybe there's a reason for muthafukas.
They are Americas scapegoats.