Is the United States the largest Ponzi scheme in the world?
The people who don’t care say that this is a cynical talk, and the vested interests’ parties say that this is nonsense, and social media said that this is a sensational talk.
Who invented the credit card? Who has spent the value that has not been created yet? Who invented to transfer the debt of the entire country to ordinary people?
A little basic economic or financial common sense should understand one thing. The price fluctuation is caused by the imbalance between supply and demand. If any commodity, an event, an exchange behavior supply and demand are balanced in the world, the price should be not moving at all, the price graph should be like a straight line, so do you still need a country? Still need a market? It can be said that in the future that can be met, the contradiction between supply and demand will surely continue, from the commercial point of view, from the political point of view.
Liabilities are a kind of thing that any individual or organization does not want to carry. I believe that the intention of a person that carry liability is to do business, to making money, not deliberately destroy their own business. But there are some people instinctively think that lazy life can exchange money and goods to squandering. Remember that I am talking about the most people’s original intention, and perhaps a small number of brain structural abnormalities have different genetic record.
In this way, the option of debt, for most people, the original intention can be called "good."
The troublesome thing, in the world, in the name of "goodness", to practice of "evil" is not the unique method of the ancient churches. Regarding the invention process of credit cards, you can google it online. To consume its uncreated value in advance is a kind of debt, a form of debt that the government encourages.
The 2008 Madoff case, which shocked the world (in fact, I didn't feel shocked), once again reminded people of the word "Ponzi scheme." This stuff seems to be complicated to explain. In fact, it is a game that uses nine lids to cover ten pots. If you don't check all ten pots at once, the scam can last. The old man was unlucky to be seen in ten pots at the same time.
In fact, we are all participants, contributors, organizers and whistleblowers of the Ponzi scheme. You may say that I am still young and have not used any credit card. do you think that the tuition fee for your 12th grade education is coming from the employees of the Ministry of Education to work at McDonald’s? The other parts that your parents paid also can't be excluded from the concept of "debt."
The evil of credit card lies in over-extension of the future. Although economic theory supports early consumption, it can effectively adjust the debt structure. First, the gap between theory and reality is that it is necessary to write another article. Furthermore, from the three laws of conservation in nature. In terms of matter (quality, energy, electric charge), consumption is mainly through currency, currency through goods, and goods through services. Among the three, except for the last service, which is not so easy to quantify, the former two can be quantified to the details. Since it can be quantified, since it has not yet jumped out of the universe, not in the five-dimension space, then it is necessary to abide by the conservation law of nature. Where is the debt went? You think that some little tricks can make them just disappear to not exist? Without question, countless financial crisis has already told you where they went. It will all come back and after you. no matter you are a large corporation or a small retailer.
The only magic weapon for the country to stabilize the middle class is debt, all the welfare of the country. If the people want to enjoy it, they must first bear the sovereign debt. Especially when the debt is tied to credit, it is simply the most effective invisible shackle to control the people. This kind of control has now evolved not only from the financial aspect, but from the control of freedom of life.
For the government, credit cards are really one of the greatest inventions. The biggest convenience is to transfer government debt. There are many ways to transfer the debts. Real estate such as houses, mainly for specific rigid demanders, luxury goods such as cars are aimed at the rich class, only credit cards, regardless of men, women and children, as long as the age is up, all eligible. Why is it a transfer of debt? Most of the credit cards are calculated in the national currency. who is in control of the appreciation and depreciation of the national currency? Especially for countries like the United States, why there is a saying that the rest of the world is sharing its debt? One of the most important reason is using of the credit card. Which country's credit card foreign currency settlement is not in US dollars?
Madoff is unlucky, he just did a low-dimensional work of the US government is doing all the time, and thousands of people blame him. Why is it that mood swings are so terrible in trading, that is, before people make a deal, they first ethically abduct themselves, when they making profits, they will act like a goddess of the Virgin, when they losing money, and then go to ethically abduct other people.
Take a rational look at the Ponzi scheme. It has some meaningful existence, especially for speculators. Any Ponzi scheme in the world that is large enough, and it must be a scale that is large enough to provide sufficient liquidity. Statistics shows that for those people who inverted in the earliest stage, they all made themselves life financially free or made a lot of earning, and there is no legal risk, and even when the scam is broken, they also be summarized on the victim side. Because this is a paradox, if there is liquidity, there will be a high price to cash out, if there is no liquidity, it cannot be called a scam, there will be no victims, even those who entered in the earliest stage, because they were promised the highest profit, the short-term gains are not promised, and the natural losses are limited.
Following these early stage investor, the late comer who ethically abducted themselves start to join the game, (in fact, they just greedy, the reason is nothing more than "I want financial freedom", "buy a car to buy a house", "improve the quality of life", "when chasing some girl, the strength is stronger" After being lost their money, they began to ethically abduct everyone expect themselves.
At present, many ICO projects and strange coins, whether they make any sense?
Yes, the premise is that you are ethically abducted yourself with on what level. Where is your safety margin? Funds other than the basic physiological needs (not referred to sex, but physiologically surviving), and beyond the foreseeable short-term future physiological needs (ibid.), should be actively join the risky project, especially those looks unreliable projects, you should put a large amount of this fund in. Because according to the statistics of behavioral economics, the sudden price increase of a certain commodity is not normally distributed, and there is also a serious fat tail effect. This kind of fund management method should be “ethically abducted” for this scale. It is the most suitable. Of course, this method is definitely not suitable for professional speculators or investors.
Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.
------George Soros