August1991 Posted July 21 Report Share Posted July 21 Why the heck are these state-pension funds (bas de laine) putting any crypto-coin in their portfolio? https://www.newsbtc.com/news/canadian-pension-funds-omers-ventures-to-invest-in-bitcoin-2-0/ https://fortune.com/2022/06/14/celsius-freezes-assets-big-canadian-pension-plan-that-backed-the-network-on-the-hook/ https://www.cdpq.com/en/news/pressreleases/celsius-network-announces-investment-led-westcap-cdpq-valuation-more-us-3b Quote Link to comment Share on other sites More sharing options...
August1991 Posted August 7 Author Report Share Posted August 7 (edited) How will this end? Has the US federal government become a Ponzi scheme? ==== Harper wisely said that Americans will figure out a way. But at over 150% of GDP, I wonder how. Huh? Japan's government debt is well over 200% of GDP. (Because of Harper, Trudeau Jnr's spending means we're still below 100%.) ===== In macroeconomic theory, if the growth of government debt is greater than real GDP growth, it's a Ponzi scheme. -The government is borrowing faster than the economy can generate tax revenues. -But wait. The government never dies. For you on the right or left, think: the State never dies. ==== As I always say, whether in Japan, Russia or Canada, it is not how the government/State pays - whether my credit card, debit card, my name on a loan - what's the difference? No difference. It is what the government bureaucrat politician buys. Edited August 7 by August1991 Quote Link to comment Share on other sites More sharing options...
August1991 Posted August 7 Author Report Share Posted August 7 There is a huge misunderstanding about people like Putin and Gates. Gates pays for things. Trudeau Jnr and Putin command things. ==== How rich is Putin? Well, how rich is Joe Biden? Quote Link to comment Share on other sites More sharing options...
TreeBeard Posted August 9 Report Share Posted August 9 On 8/7/2022 at 1:50 AM, August1991 said: There is a huge misunderstanding about people like Putin and Gates. Gates pays for things. Trudeau Jnr and Putin command things. ==== How rich is Putin? Well, how rich is Joe Biden? What does Gates pay for that Trudeau commands? Quote Link to comment Share on other sites More sharing options...
sharkman Posted August 10 Report Share Posted August 10 Yes August, the US Government has become a ponzu scheme. Quote Link to comment Share on other sites More sharing options...
sharkman Posted August 11 Report Share Posted August 11 Okay August, riddle me this: Russia and China have both been hoarding like trailer park trash. Now Israel, as of Last month, has also started hoarding gold bullion like they know something’s up. Germany, France, Italy, Venezuela, Switzerland and Turkey have been going hard at gold in the last several years. At what point does an alert person catch on that something bad may be on the horizon? Quote Link to comment Share on other sites More sharing options...
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