The fiat money system is itself a Ponzi scheme
I don't exactly understand this part. I guess it has more to do with the currency. Having a currency like the Naira is an outright scam and maybe we could call the US Dollar a Ponzi scheme.
Posted Using LeoFinance Beta
They all are because currencies are backed by nothing before it started with a set convertiablty to gold as in the USD case or a convert into AI liver as is with the pound Sterling now it’s all based on debt so did more money to be created it’s borrowed into the system!
The new money is then used to pay back the previous bond holders, that in itself is a ponzi
Read up on books like planet Ponzi
I didn't know this. I'll check out the book. Hopefully, I'll have the time to read it.
Posted Using LeoFinance Beta
If you don’t have the time to read it check out the YOuTube series the hidden secrets of money by Mike maloney
Thank you, I'll check it out.
Posted Using LeoFinance Beta