$34 Trillion National Debt is a Ponzi Scheme
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The $34 TRILLION U.S. debt is nothing other than a stupendously gigantic Ponzi scheme
all other Ponzi schemes will eventually have to collapse
but not this one
because lenders know that the U.S. Government will always be able to borrow more money to pay them back
it's really kinna comical when you think about it
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the Federal Government borrows money from the public by issuing securities - bills, notes and bonds through the Treasury
Treasuries are attractive to investors because they are backed by the Government; and these investors know that the Government will simply borrow more money to pay them back; and they are offered in a wide range of maturities
it's a wonderful scheme
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yes paper money is ponzi
An infinite and endless ponzi scheme is kind of cool if you think about it. It is kind of like a force of nature.
and the increase in wages and/or S.S. benefits and pensions will always fall well behind the devaluing of the paper
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Well, you'd be right if you weren't wrong and you're at the right place to just post random talking points on economics that infiltrated your brain
Why don't you start with looking at the wages from the last 100 years and what those salaries adjusted for today. Then do the more challenging thing of going against your opinion to check and see if moderate inflation has ever been or could be a good thing in theory.
the Ponzi enables the easy conversion to paper money
and your paper loses value each and every year partly because of the Ponzi
and the increase in wages and/or S.S. benefits and pensions will always fall well behind the devaluing of the paper
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read formula72 reply.
Fwiw to add, yes paper money loses money overtime so what ?
Yes if u keep paper money under the mattress for decades u will lose value but what a dumb thing to do right ?
Look at what paper money can actually do when the world can’t devalue the currencies.
I suggest u read some 1930s depression content and see where it leaded too in the 1940s ….
I’ve been through the 1970s just fine.
I’m not sure I could of say the same thing during the 1930s.
It’s a just an equilibrium game .
the Ponzi enables the easy conversion to paper money
and your paper loses value each and every year partly because of the Ponzi
and the increase in wages and/or S.S. benefits and pensions will always fall well behind the devaluing of the paper
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what would happen in a world where your stuff is worth more alot more money the longer you hold onto it
would anyone sell anything unless they had to?
what would happen in a world where your stuff is worth more alot more money the longer you hold onto it
would anyone sell anything unless they had to?
Most stuff appreciates in value over time - even stuff that isn't tied to the dollar. People still sell their stocks,real estate, and comic books for all kinds of reasons.
businesses report depreciation and deduct on their taxes
All
The
Time
great avatar PW.
national debt is made up and doesn't matter.
the largest holder of US debt is the US government, unless we are foreclosing/calling in on ourselves it's just something we say to try and justify cutting social safety nets
This doesn't mean the assets are worth less. It means the cost of buying an asset is spread over many years.
I don’t think you can claim the cost of the asset if it appreciates
Depreciation is done on a schedule, it is not the cost of buying an asset. It’s how much the asset depreciates over the reasonable use life of the asset, and then divided by years if you do it that way.
All in is correct
I don’t think fed policy is responsible for a car with 0 miles on it being worth more than a car with 100k.
What do you think the depreciation schedule is based on?
Hint - It's the cost.
This is high school accounting.
What it’s based on and what it is are two different things.
You have to decide the useful life of the item. You know what. Just read Google
A depreciation schedule is a tool that helps businesses and investors model finances and predict the value of assets over time. It can be used to show how an asset's value will change or depreciate throughout its useful life. Depreciation schedules can also help businesses keep track of long-term assets and claim tax-deductible expenses
What it’s based on and what it is are two different things.
You have to decide the useful life of the item. You know what. Just read Google
A depreciation schedule is a tool that helps businesses and investors model finances and predict the value of assets over time. It can be used to show how an asset's value will change or depreciate throughout its useful life. Depreciation schedules can also help businesses keep track of long-term assets and claim tax-deductible expenses
I think the poster you are talking to has a pretty good idea of what various accounting terms mean.
What do you think the depreciation schedule is based on?
Hint - It's the cost.
This is high school accounting.
ok but we arent going off of the purchasing cost but rather the cost of use and decrease in value due to the market. I do not know if the latter is a cost but I do know it isnt a purchasing cost.
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I'm unhappy with my OP because I didn't really make it clear why the National Debt is a Ponzi scheme
each and every year the Feds borrow gigantic sums of money
they then use the money they just borrowed to pay off creditors
that is exactly how a typical Ponzi scheme operates
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I'm unhappy with my OP because I didn't really make it clear why the National Debt is a Ponzi scheme
each and every year the Feds borrow gigantic sums of money
they then use the money they just borrowed to pay off creditors
that is exactly how a typical Ponzi scheme operates
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It's also how every country in the world operates. Welcome to macroeconomics.
