Q & A, the world’s monetary system is a ponzi scheme. As in any ponzi, new entrants are needed in order to perpetuate the scheme and in the case of the monetary system, the new entrant is the newly created currency.
The trick is that banks are backed by assets and asset prices have been bid up because of the money printers. What the ponzi can ill afford is for asset prices to fall. Bonds and real estate must all be kept elevated, or the entire ponzi collapses....more
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