Has the American economy become the mother of all ponzi schemes?
July 29, 2010 by TheRainMaker
Filed under Stocks & Options Trading Tips
Question by Molly: Has the American economy become the mother of all ponzi schemes?
The fed has lowered interest rates to 0. They have also been active in the bond market buying debt and mortgages to force interest rates down. They have been printing money. Traders at the CME are now suspicious that the latest stock market surge was the result of the feds pouring money into stocks. Isn’t the best way to describe the American economy, is to call it a gigantic ponzi scheme?
http://www.marketwatch.com/story/fund-flows-firm-suggests-government-bought-stocks-2010-01-05
Best answer:
Answer by artgal
Yes.We as a nation are in bigger trouble then we know!
Know better? Leave your own answer in the comments!
Yes, fractional reserve banking is a ponzi scheme.
what’s to come? Well lower interest rates helped cause this recession – while the extensive borrowing and printing of money will lead to high inflation or even HyperInflation. Taxes will be raised to pay for the Trillion dollar deficit. We’re ****ed…
The biggest I have ever seen since I was old enough to vote and know what was going on in politics!
Its not Ponzi. Its just stupid because inflation will go up. Its not Ponzi because we elect these bastados and they are really only taking 5-7% of GDP revenues.
It always has been using new money to pay off old money
Yes It has because everyone play to break all ethics, Morals Legal objections It a melting pot of money on wall Street
WELCOME TO THE WORLD OF OBAMA ‘S CHICAGO POLITICS .
Gee is sucks to be in the banking business, charging 13% to 25%+ for credit cards while paying .02% on savings and paying 0% for money they borrow for their own business. Whoa is me!!!!
90%of Capitalist endeavors now days are ponzi schemes
Yes it is. The Federal Reserve has to be ended if America wants a viable economy again. It’s not a conspiracy theory. Inflation = indirect theft of your purchasing power.
That is my opinion, yes and extremely dangerous, and we need to act before it is too late.
I call it stealing from the tax payers to pay for their health care, global warming, and cap & trade. That’s just the beginning. Give them a couple of more years and I am sure there will be other ways that they can find to tax us and bring America to her knees.
And those of you who believe that those of us who believe this are trying to frighten the people, No, we are trying to educate you to what the Democrats and Republicans have been doing to this country for a very long time.