Is Fiat Currency A Ponsi Scheme?

[DR OSMAN]

I'm lately watching lots of economic videos to find out ideas that can help PL. Economic development is essentially requires land, people, capital, and markets to serve. Theirs only a few domains in economy such as primary industries which is natural resources, secondary economy which is turning resources into finished products like manufacturing, service industry, research and development or design economies.

But this video below discusses how worthless fiat currency is since it left the Brenton wood gold system 40 years ago. It shows it's just Ponzi scheme where countries buy U.S govt bonds and each investor is told they will get high profits and all it does is lead to debt ceiling to rise everytime. The intellectuals argue the debt ceiling is like a road and it will come to an end and when it does their will be hyperinflation at the Zimbabwe type of level where a loaf of bread cost a trillion dollars.

 

[DR OSMAN]

I'm starting to switch to @Inquisitive_ gold standard backed currencies as this could deal with the inflation problem, it keeps govt budgets in check and balance by having gold reserves back money.

 

[DR OSMAN]

A Ponsi scheme is just never ending debt as U keep telling people or investors of high return and the next batch of investors are promised the same and U take their money to return it to the last investor group in a never ending cycle.

 

[DR OSMAN]

Economy study is like an art rather then a stem subject as your trying to achieve an equation where consumers are spending, businesses are producing, and everyone walking away and avoiding inflation or deflation while govt taxes are rising thru new sources and their spending to social and hard infrastructure.

It's centred around selecting right choices that lifts up productivity of your citizens because thru more output per person, more rewards or market growth are gained.

 

[DR OSMAN]

If the world enters a gold based system, the new gold Barron sheikhs of qandala and makhir are to greatly benefit as each economy that grows will need to increase their gold reserves to back the growth. Maybe @Inquisitive_ thinks leaving the Brenton wood gold system was targetted to keep Africa out of global Wealth chain.

 

[DR OSMAN]

@Thegoodshepherd you will love this. I kept reiterating the items U choose to be your economy will determine your GDP. He gives an example of a meat factory vs an airplane manufacturer. The complexity of your GDP items plus being connected to a diverse gdp network inside your market chain is key to success.

 

[DR OSMAN]

@Thegoodshepherd as the great presenter showed Thailand gdp was identical to Ghana in the 60s. Ghana went down the better education route but no technical trades or xirfad. Today Thailand has a gdp eco system like a forest while Ghana GDP is like a few trees in a farm. Another big factor for economic growth is technical trade pool and output of Puntland. Without them it will be hard because they can create machineries or work with it.

When u have a capital city like Hamar thinking their developed because of buildings yet they produce nothing is what makes me sad why PL is tied to them. An economy is judged on what U produce and PL produces way more then hamar.

Don't cry FDI is the answer because their not citizens of your country all their investment is calculated for their home country foreign GDP. Once the major infrastructure age COMES to and end in PL and technical students grow, the next batch of leaders will need to know how develop the market.

 

[DR OSMAN]

@Thegoodshepherd the division of labor and pooling together like a team with everyone doing their specialization is another key. I noticed how he said self sufficiency of an Eskimo leads to a society repeating the same thing and not diversifying. U see this in our farming techniques, business ownership, all small to medium solo operators. a share market open to civilians to contribute funds can cure this. I see them replicating their rural methods in the business market.

you create a new product an immediate supply chain is generated creating more products or services.

 

[DR OSMAN]

@Inquisitive_ your habar gidir ma maxeyaal. I'll give u business advice that worked for me. this fiat currency is all fake so play the game and win. get a 100k loan, sit with financial advisor invest in stocks with 10% returns. pay off the loan after 5 years. its free money growing at 10%. don't put your savings into it thats from hard work.

money is a joke in the West, its just monopoly money its ribbah is monopoly also u don't need to work a day in your life if u thought smartly rather then joining terrorists who build up their finance thru the same means.

 

[CABDULWALI XASAN.]

How did you avoid the clear answer ? I dont blame you because of the intense censorship going on. First off a gold standard wont prevent this, only delay it. Money is not only a joke in the west, but the entire world. Youre confused. you even linked a wef video, Comments OFF! lol