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/biz/ - Business & Finance

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18894010 No.18894010 [Reply] [Original]

The current economy system is a big ponzi scam where current generations profit but future ones 100+ years get fucked.

>> No.18894543

>>18894010
https://wtfhappenedin1971.com/

>> No.18894617

>>18894010
yes.

>> No.18894723

>>18894010
>100+ years
No way this shit lasts 100 years. Argentina recently offered 100 year bonds and “investors” bought them up so fast the yield was like 4%. In the last 100 years Argentina defaulted on their government debt 7 times, but now can borrow money for the next hundred at 4%. The bond market is total clown world and it’s gonna blow up sooner than 100 years.

>> No.18894771

that's right, thank god trump made america great again

>> No.18894785

>>18894010
More like when boomers turn 70 they exit scam in unison

>> No.18894926

>>18894543
So kikes?

>> No.18895059

>>18894010
the entire human race is a ponzi scheme. your parents only had kids and took care of you so you’d pay into social security and medicare and take care of them when they got older.

>> No.18895152

>be boomer
>Puts mortgage on home inherited from late parents and use all the money on retarded shit like go on cruises and painting classes
>Die without paying a single cent back to pay off mortgage
>My children now inherit little to nothing aside from my shitty paintings and some souvenirs from my cruise to the Caribbean

>> No.18895222

>>18894926
Read "A History of Central Banking / and the enslavement of mankind"

>> No.18895345

>>18895222
1913

>> No.18897028

>>18894771
how?

>> No.18897047

>>18897028
You just win and it just works.

>> No.18897269

>>18895059
The human condition is an illness.

>> No.18898184

>>18894543
What the fuck!!!! Something happened to our money!
Let's revolt with UND this is bullshit they can't just rob us of our prosperity

>> No.18898510

>>18894723
>bought them up so fast the yield was like 4%
only 4%?
Argentina is 3thd world.. why only 4% ?

>> No.18898883
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18898883

>>18895152
I think the cruise industry may actually die. Covid-19 merely hastened it. Either that or it will become insanely niche as wealth gets concentrated into the hands of a few bankers. Good news is that bitcoin looks long term bullish as even those bankers will be bitcoin-friendly millennials. By the time their kids are grown it will be normalized just like any other boomer asset.

>> No.18898905

>>18894010
>Implying future will be the same

>> No.18898919
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18898919

>>18894010
>The current economy system is a big ponzi scam where current "boomer" generation profit but the present get fucked.

Fify

>> No.18898966

>>18898510
How do you think government run Cartels clean their cash? They buy bonds, the money from the bonds can be used immediately and the country can care less if they fail or not because it was just a way to clean billions of dollars for the least amount of loss. That's just one way thry clean cash.