Search found 5 matches

by silver2008
Tue Nov 18, 2008 3:54 am
Forum: Finance and Investments
Topic: Inflation, deflation, gold and currencies
Replies: 768
Views: 408286

Re: Inflation, deflation, gold and currencies

Let's say there's a new pyramid scheme hitting town and J.Q. Citizen is itching to join the immensely profitable fun. But dang it, he doesn't have any money to speculate with. If only somebody would loan him some capital to play with.... A pyramid scheme, also known as a Ponzi Scheme after "financia...
by silver2008
Tue Nov 18, 2008 3:44 am
Forum: Finance and Investments
Topic: Inflation, deflation, gold and currencies
Replies: 768
Views: 408286

Re: Inflation, deflation, gold and currencies

In December 1919 a certain Mr. Charles Ponzi of New York initiated an "investment" scheme in which he put up $150 dollars and got ten friends to do the same. He promised his friends a 50% return on their "investment" in 90 days. He then got a second set of friends, many times larger than the first, ...
by silver2008
Tue Nov 18, 2008 3:37 am
Forum: Finance and Investments
Topic: Inflation, deflation, gold and currencies
Replies: 768
Views: 408286

Re: Inflation, deflation, gold and currencies

The greatest Ponzi Scheme the world has ever seen! How is money created you might ask? I deposit 100 dollars in a bank. The bank loans 10 times my deposit creating 1000 in new money out of thin air. Thats how money is created & the money supply increases.This is how the purshasing value of the dolla...
by silver2008
Thu Oct 16, 2008 12:37 am
Forum: Finance and Investments
Topic: Inflation, deflation, gold and currencies
Replies: 768
Views: 408286

Re: Inflation, deflation, gold and currencies

with the fed deciding to enter the commercial paper market and buy commercial paper, will that facilitate the rollover of short term loans and unfreeze the lending by banks unwilling to lend to business?