Is the global economy a pyramid scheme?

Author: IlDiavolo

Posts

Total: 37
Shila
Shila's avatar
Debates: 0
Posts: 6,791
3
3
5
Shila's avatar
Shila
3
3
5
-->
@zedvictor4
I think that if I was a President, I would legalise all drugs and make them either free or cheaply available over the pharmacy counter , and just leave stupid addicts to self destruct.

I expect that the clever muthafuckas would then fight over the illegal rehabilitation business.
You think like Trump.
ADreamOfLiberty
ADreamOfLiberty's avatar
Debates: 0
Posts: 4,363
3
2
2
ADreamOfLiberty's avatar
ADreamOfLiberty
3
2
2
-->
@IlDiavolo
Is it? I've already seen this statement before and honestly I'm getting more convinced about it.
It is a combination of honest and dishonest actors.

Thieves, producers, and middlemen.

It always has been, and like always if there are too many(or too powerful) thieves or middlemen potential quality of life is reduced and larger segments of the population are screwed.

Governments are acting more like thieves now than they did in the age of colonialism and that's saying something.


What is the problem?
Theft and fraud (as always).


The central banks? The curency system?
Absolutely, that is one of the major new forms of theft. Something all governments quickly adopted since it is so useful for extracting wealth without as many people noticing.


The private banks?
Almost all exist within the context of manipulated currency schemes. They are agents of the government banks, at worst middlemen taking a cut; at best wise investors who are fighting against the tide of inflation for their customers.


The rich? The poor?
The immoral and the systems which fail to discourage immorality through personal incentives.
Shila
Shila's avatar
Debates: 0
Posts: 6,791
3
3
5
Shila's avatar
Shila
3
3
5
-->
@ADreamOfLiberty
The immoral and the systems which fail to discourage immorality through personal incentives.
But is it a pyramid scheme?
ADreamOfLiberty
ADreamOfLiberty's avatar
Debates: 0
Posts: 4,363
3
2
2
ADreamOfLiberty's avatar
ADreamOfLiberty
3
2
2
-->
@Shila
The immoral and the systems which fail to discourage immorality through personal incentives.
But is it a pyramid scheme?
Pyramid schemes are a form of fraud in which you use continuous income from the fooled to meet your obligations while having no underlying production.

There is underlying production in the global economy. There are many specific pyramid schemes within the broad category of fraud occurring in the global economy.


All examples of fiat currency being printed to cover the obligations of governments are examples of pyramid schemes. The governments have no underlying production. If people understood that they were simply being stolen from they would not allow it to continue, but they don't believing in the magic of "the government paid for it".

Shila
Shila's avatar
Debates: 0
Posts: 6,791
3
3
5
Shila's avatar
Shila
3
3
5
-->
@ADreamOfLiberty
There is underlying production in the global economy. There are many specific pyramid schemes within the broad category of fraud occurring in the global economy.
So it is a pyramid scheme.
FLRW
FLRW's avatar
Debates: 0
Posts: 7,420
3
4
8
FLRW's avatar
FLRW
3
4
8

So it is a pyramid scheme.
Yes !
Shila
Shila's avatar
Debates: 0
Posts: 6,791
3
3
5
Shila's avatar
Shila
3
3
5
-->
@FLRW
So it is a pyramid scheme.
Yes !
Is it a Trump pyramid?