itfitzme
VIP Member
It is a pyramid scheme that has had to involve a "global economy" to force recruitment and continue it's growth.
Look around you do you not see this happening?
People will stop believing in the religion called private central banking, and that crisis of faith will bring the system crashing down, as did the Temple of Baal in ancient times when the Syrians saw through the priests' trickery. This evil magic of creating money out of debt was a fraud all along, as fraudulent and silly as the idea that one can put ten marbles into a tin can, and take out eleven.
In ages to come economists will look back at this failed experiment in debt-based currency, and dump it into the same category of human folly as Tulip mania, The Nation of Poyais, Credit Mobilier, the Great South Seas Company, and Mortgage-Backed Securities.
If we don't blow the world up with nukes and cause our extinction first.
Dear Mr. Jones;
After reading your comments, it is apparent that, by the shear volume of detailed misconceptions, you unlikely to achieve anything resembling rational, objective and clear thought on economics and the nature of money in any current time frame.
Indeed, there are indications of a more serious condition that you should focus on, one that economics has simply become a subject of attachment. You and your family would be far better served if you were to focus on your mental state and forget about economics for the time being. Continued attention to economics is only going to exacerbate your condition.
To begin with, a pyramid scheme is one in which a private citizen sets up an investment scheme by which earlier investors are paid from the proceeds of new investors. That the fractional reserve system has a money multiplier doesn't make is analogous to a pyramid scheme. The fractional banking system does not rely on the proceeds from new investors in order to pay earlier investors. Quite the contrary, it relies on new borrowers to replace old borrowers. It is, in it's details, not a pyramid scheme.
You are mistaking a generalized geometric pattern as being the defining characteristic of a pyramid scheme. While a pyramid scheme gets its name from it's geometric pattern, it is not the geometric pattern that fully defines it. A pyramid scheme does not have an unlimited source of funds while the fractional reserve banking system does have an unlimited source of funds. That alone makes it not a pyramid scheme.
Then there is the difference of one being run by a private citizen in an illegal activity while the other is a public entity performing a legally defined activity. The two are distinctly different in a multitude of details.
Fundamentally, you are simply suffering from a manic disorder. This condition became apparent towards the end of your comment when you began using terms that clearly present the underlying illness. These are "evil", "magic", "religion", "Temple of Baal", and "in ages to come". The use of these "biblical" terms are diagnostic and suggest a manic condition that should be attended to in short order. Honestly, I would not have been surprised had you used the term "Armageddon".
Indeed, your fixation on a generalize geometric pattern as being a defining connection between two processes, without any regard to the specific details that they do not have in common, is also highly suggestive of a serious manic condition.
You might consider seeking medical attention now as there are a host of psychotropic medications, like zoloft and prozac, that will do wonders for you. You might also consider a mood stabilizer. Titrating out the right medication may take some time. It is a process that commonly takes years.
Cognitive therapy, should you find a good therapist, is excellent. The problem becomes one of finding a therapist that is smart enough, clever enough, and has enough experience. It's not as easy as one might think.
In the mean time, you might find meditation and exercise helpful. Fishing is good, should you find it appropriate, as it forces one to relax. Any outdoor activity is appropriate. Outdoor activities, especially physical activities, are themselves meditative. And physical activities have well recognized affects in re-balancing neurotransmitters.
Whatever you do, please avoid the desire to move into a small shack in the Montana wilderness and post a manifesto. Should you find yourself writing a manifesto, please seek professional psychiatric help immediately.
Lest you misunderstand, I am quite serious. I am not trying to be funny or facetious.
I am telling you that you have all the indications of a manic disorder that you should be attending to. It is quite common. It is typically the result of extended periods of elevated stress that may be, in part, reactive to ones personal sensitivity.
Everything suggest that you are right on the ragged edge. There is no telling. You may remain on the ragged edge for years with no serious problems. On the other hand, in your current state, any serious trauma may have serious consequences to your mental health. There is no reason why, given what we now understand about the human condition, that you should continue to suffer this way.
At the very least, take a deep breath and relax. We've all been around for a long time, none of us having died yet, and all of us likely to die of nothing more dramatic then simply old age, we should be so lucky.
You are, no doubt, an intelligent individual with honest concern for the well being of those around you. Right now, you need to take care of yourself. And should you, at some later date, decide to return to considerations of economics, I suggest beginning by focusing on the fundamentals, especially taking courses at a local college or university. It will help pull your intellectual understanding out of the mania to which it has so obviously become attached.
Best of luck,
itfitzme