4 Comments

Gooder ... as was The Carousel.

An aside if I may relating to: "Investment requires return. Money is debt. Debt bears interest."

For the purposes of the article, this is of course true. But this wasn't always the case. Once upon a time money was silver and gold. As J. P. Morgan said (in 1912, the year before the Federal Reserve was created): "Gold is money. Everything else is credit."

The cancellation of the Greenback's gold convertibility in 1971 marked the end of any pretense fiat currencies had of being honest money. Untethered from creations not of man's making, i.e., gold and silver, the financial world of central banks and bankers was officially transformed into Planet Ponzi.

And here we are, sitting on the mother of all motherbubbles, some 53 years into the gloriously pneumatic world of Ponzinomics. Buckle-up!

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To continue your last phrase, to stop the unnaceptable and to demand the impossible!

Soyez réalistes, demandez l'impossible! .. because after all... Sous les pavés, la plage

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I hate to be cynical, but the only demographic that would survive without 21st Century artifices are those currently living very primitive lifestyles.🤔

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