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Is the USD a ponzi scheme?

A ponzi scheme promises a high return, but is not backed by actual earnings. It gives a high return by taking the money from the later investors to pay the earlier investors.

The USD now gives a high return. The US government does not collect sufficient taxes to pay the return. Instead, it prints more money and uses it to pay the earlier debts.

In this respect, the USD operates like a ponzi scheme.

It is like bitcoin. Bitcoin runs up in value to a high of $65,000. It has since dropped by 70% and is now trading below $20,000.

There is a counter argument. The USD is backed by the US economy and the assets of the country. So, it is not a ponzi scheme, which is backed by nothing.

What do you think?

 

Tan Kin Lian

 

 

yyy
READER COMMENTS BELOW

16 Responses to “Is the USD a ponzi scheme?”

  • US$ = WAR:

    US$ is backed by WAR. Use US$ or we regime change you.

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  • SINGAROAR:

    All first world countries use the US dollar which is a fiat currency. Same as the Yuan. The extensive use of the US dollar shows it to be trusted by the global community including China.Is there going to be a East versus west on TRE once again?

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  • Western Sheep:

    You are the first to mention East.

    SINGAROAR:
    All first world countries use the US dollar which is a fiat currency. Same as the Yuan. The extensive use of the US dollar shows it to be trusted by the global community including China.Is there going to be a East versus west on TRE once again?

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  • idontbelieveinccpbs:

    When I saw the heading, I know its TKL, his articles are either pro China or anti US.

    Currency manipulators – Singapore and China any difference?

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  • Dr. Chan:

    USD is backed by the number of nuclear warheads US possessed and also her military power.

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  • MarBowling:

    Tan Golden Chain,

    Based on your narrative, Lee Kayu and by extension his Sunny Boy Mai Hum are also OPERATING A PONZI MOTHER OF ALL PONZI SCHEMES OF THINGY THAT PROMISE VERY FARKING HIGH RETURNS:

    1. For 80% of the population, the VALUE OF THAT PIECE OF SHIT PAPER CALLED A LEASE TO YOUR HDB FLAT that cost hundreds of thousands, some more than a MILLION, WILL NEVER DROP BUT CONTINUE TO GO UP AND UP TO THE SKY!

    2. For the 62.14%, that piece of ballot paper for you to mark on the box for the PAPigs in the GE, WILL PROMISE YOU AND YOUR FAMILEES TO ENJOY MORE GOOD YEARS!

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  • NatDebt $31trillion:

    US$ = WAR:
    US$ is backed by WAR. Use US$ or we regime change you.

    Haha, great answer.

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  • PAP mandate strong:

    @ All first world countries use the US dollar which is a fiat currency. Same as the Yuan. The extensive use of the US dollar shows it to be trusted by the global community including China.Is there going to be a East versus west on TRE once again?

    Hahaha.
    Isnt Mr TKL intention always obvious !

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  • USD:

    Not fair.USA can just printing money.
    Need a new world order.
    All countries should be responsible to earn for their expenditure on the same level playing field.
    No countries should spend more than they earn.
    Will promote hard work.

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  • only stupid people vote pap:

    Mr Tan Kin Lian is right.

    The US$ is in reality a debt.

    Trust only in the RMB.

    Many say the US$ is backed by Americans.

    This is foolish thinking.

    Because as soon as the run on the US$ starts, Americans shall become no different from the Mexicans down south.

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  • xoxo:

    The u$d will keep going higher the more money they print.
    So,you want your currency to be stronger,print more money lah?

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  • Singaporeans R Free Riders:

    US$ = WAR:
    US$ is backed by WAR. Use US$ or we regime change you.

    This is correct. Iraq Saddam Hussain was deposed by the Americunt because he wanted to deal oil in Euro, not USD.

    Needless to say, the great democratic America do not allow it.

    Now, pro democracy supporters, where are you?

    Don’t be a coward. Come and debate about great America demoratic.

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  • Partial truth?:

    Iraq war part 1 and 2

    1 Saddam invaded Kuwait

    2 End Saddam reign. Majority of Oil fields in Iraq in partnership with China.

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  • PAP mandate strong:

    Mr Tan should put monies where his mouth is.

    Currently majority PRC banks PE ratio around 4 to 5. Stock price not very high too. Good time to put real monies and make a killing. Other PRC fans should join in. Who knows outcome you all become very rich.

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  • Krv:

    We need alternative. Like RMB.

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  • AllDigitalMoneyAreSame:

    Singaporeans R Free Riders: This is correct. Iraq Saddam Hussain was deposed by the Americunt because he wanted to deal oil in Euro, not USD.

    Needless to say, the great democratic America do not allow it.

    Now, pro democracy supporters, where are you?

    Don’t be a coward. Come and debate about great America demoratic.

    You are partially right. It is control by SWIFT regardless any symbols just happen that the most powerful military and technologies agree to use USD to fund all their R&D profit and never ending high interest as their pensions from share or bonds or anything that can buy.

    EURO is just SWIFT allow Europe side to create their version but you can see what happen in Europe. The fact is US, EU, Japan are all same facing the same problem except all the heavenly stories and plandemic horrific Armageddon are all realities productions from all media getting funded. When the great movie script directly like Steven Spielberg is gone replace by not so wonderful stories then nightmares come as people fear factors unable to easily move up and down with the short clips of TikTok replace the few hours drama. People has no more patience to complete a drama and even watching an hour movie. They will watch short 15-30 sec short clips to be influenceZ. Sit down in school for 10 hours brainwash to shutdown all games i what China doing now. However, no matter how the kids are imprison in the room, their mind could be floating in heaven elsewhere.

    Most ppl know money printing since 1970s including all the expert and they repeat the wonder in China and every third world. If money printing stop, all will stop receiving salary by end of the month and all trades will cease to exists causing maximum damage no difference to physical Nuke. Every money printing is a financial and life force Nuke as everything are monetised.

    Start dissociate and demonetised will restore life balance again. Are you not always attract to freebies like free email, free school, free government , free usage of roads and free speech. Imagine all the above can only happen if need to pay but all are bankrupt as no one can print money.

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