Economia
Entenda o "jogo de Ponzi"
Gary North explica:
"... Carlo "Charles" Ponzi was a
con man who was the Bernie Madoff of his era. For two years, 1918 to 1920, he
sold an impossible dream: a scheme to earn investors 50% profit in 45 days. He
paid off old investors with money generated from new investors. The scheme has
been imitated every since.
Every Ponzi scheme involves
five elements:
- A promise of statistically
impossible high returns
- An investment story that
makes no sense economically
- Greedy investors who want
something for nothing
- A willing suspension of
disbelief by investors
- Investors' angry rejection
of exposures by investigators
Strangely, most Ponzi
schemes involve a sixth element: the unwillingness of the con man to quit and
flee when he still can. Bernie Madoff is the supreme example. But Ponzi
himself established the tradition.
The scheme, once begun,
moves toward its statistically inevitable end. From the day it is conceived, it
is doomed. Yet even the con man who conceived it believes that he can make it
work one more year, or month, or day. The scheme's designer is trapped by his
own rhetoric. He becomes addicted to his own lies. He does not take the money
and run.
This leads me to a set of
conclusions. Because all Ponzi schemes involve statistically impossible goals,
widespread greed, suspension of disbelief, and resistance to public
exposure,
All fractional reserve
banking is a Ponzi scheme.
All central banking is a Ponzi scheme.
All
government retirement programs are Ponzi schemes.
All government-funded
medicine is a Ponzi scheme.
All empires are Ponzi schemes.
All Keynesian
economics is a Ponzi scheme.
But there is a difference
between a private Ponzi scheme....
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Economia