How money became worthless the Global economy is a ponzy scheme

[slyscorpion]

https://youtu.be/NJd6RKsY5H4

Good information not that hard for people to understand even if they don't know much about it unlike some stuff on the economy. So I will share this video I came across. Tell me your thoughts.

[HP. Hoodedcobra666]

The only way this constantly debt based economy that is built on inflation and lending, could work, is by them erasing debts or doing "easing" of the debts every so often, ie, deleting some of the imaginary money that doesn't even exist to balance out the system. Or raising wages accordingly, so that people have fitting consumer power for the new stranger prices that keep emerging.

But they aren't. In fact, they keep demanding more and more of the non-existent money and this keeps reflecting on the consumer economy [raised prices, wages not raised, property prices etc]. They don't want debt to ever end, it's just extended constantly in the future, in perpetuity.

The economy is a complex subject. Infinite money printing destroys the rich and the poor alike. It only benefits very few segments of the system, and them, only temporarily or so long the debt can keep going and going ad infinitum. When this reaches the peak, the system implodes.

Gold, silver, land ownership, bitcoin, properties, rights to things, all these things can act as a defense during times of mass inflationary collapse.

[slyscorpion]

The only way this constantly debt based economy that is built on inflation and lending, could work, is by them erasing debts or doing "easing" of the debts every so often, ie, deleting some of the imaginary money that doesn't even exist to balance out the system. Or raising wages accordingly, so that people have fitting consumer power for the new stranger prices that keep emerging.

But they aren't. In fact, they keep demanding more and more of the non-existent money and this keeps reflecting on the consumer economy [raised prices, wages not raised, property prices etc]. They don't want debt to ever end, it's just extended constantly in the future, in perpetuity.

The economy is a complex subject. Infinite money printing destroys the rich and the poor alike. It only benefits very few segments of the system, and them, only temporarily or so long the debt can keep going and going ad infinitum. When this reaches the peak, the system implodes.

Gold, silver, land ownership, bitcoin, properties, rights to things, all these things can act as a defense during times of mass inflationary collapse.

So cryptos are going to be fine or increase in value when or if the current economic system collapses or hyper inflation.

I didn't know that I was thinking maybe they would collapse with it. What if they take down the internet? That is the one weakness of crypto.