The Biggest Ponzi Scheme in the History of the World by worldtruth400

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									The Biggest Ponzi Scheme In The History Of The
World




Did you know that you are involved in the most massive Ponzi scheme that has ever existed?
To illustrate my point, allow me to tell you a little story. Once upon a time, there was a man
named Sam. When he was younger, he had been a very principled young man that had worked
incredibly hard and that had built a large number of tremendously successful businesses. He
became fabulously wealthy and he accumulated far more gold than anyone else on the planet.
But when he started to get a little older he forgot the values of his youth. He started making
really bad decisions and some of his relatives started to take advantage of him. One
particularly devious relative was a nephew named Fred. One day Fred approached his uncle
Sam with a scheme that his friends the bankers had come up with. What happened next would
change the course of Sam's life forever.

Even though Sam was the wealthiest man in the world by far, Fred convinced Sam that he could
have an even higher standard of living by going into a little bit of debt. In exchange for IOUs
issued by his uncle Sam, Fred would give him paper notes that he printed off on his printing
press. Since the paper notes would be backed by the gold that Sam was holding, everyone
would consider them to be valuable. Sam could take those paper notes and spend them on
whatever his heart desired. Uncle Sam started to do this, and he started to become addicted to
all of the nice things that those paper notes would buy him.
Fred took the IOUs that he received from his uncle and he auctioned them off to the bankers.
But there was a problem. The IOUs issued by Uncle Sam had to be paid back with interest.
When the time came to pay back the IOUs, Uncle Sam could not afford to pay back the debts,
pay the interest on those debts, and buy all of the nice things that he wanted. So Uncle Sam
issued even more IOUs than before so that he could get enough notes to pay off his debts. As
time rolled on, this pattern just kept on repeating. Uncle Sam repeatedly paid off his old debts
by taking out even larger new debts.

Meanwhile, since the notes that Uncle Sam was using were backed by gold, everyone else in
the world decided to start using them to trade with one another. This was greatly beneficial to
Uncle Sam, because the rest of the world was glad to send him oil, home electronics, plastic
trinkets and anything else that Uncle Sam wanted in exchange for his gold-backed notes.

Eventually, however, the rest of the world started to suspect that the number of gold-backed
notes that Uncle Sam was issuing far exceeded the amount of gold that Uncle Sam actually had.
So the rest of the world started to trade in their notes for gold.
And by that time Uncle Sam definitely did not have enough gold to back up his notes. Realizing
that the scheme was starting to collapse, one day Uncle Sam announced that his notes would
no longer be backed by gold. But he insisted that the rest of the world should continue using
his notes because he was the wealthiest man on the planet and everyone should just trust him.

And the rest of the world did continue to trust him, although it wasn't the same as before.
As Uncle Sam got greedier and greedier, he started to issue IOUs and spend notes at a rate that
nobody ever dreamed possible. The great businesses that Uncle Sam had built when he was
younger were starting to decline, and Uncle Sam started buying far more stuff from the rest of
the world than they bought from him. The rest of the world was still glad to take Uncle Sam's
notes because they used them to trade with one another, but they started accumulating far
more notes than they actually needed.
Not sure exactly what to do with mountains of these notes, the rest of the world started to loan
them back to Uncle Sam. It eventually got to the point where Uncle Sam owed the rest of the
world trillions of these notes. Even though the notes were losing value at a rate of close to 10
percent a year, Uncle Sam somehow convinced the rest of the world to loan him notes at an
average rate of interest of less than 3 percent a year.
One day Uncle Sam woke up and realized that the amount of debt that he owed was now more
than 5000 times larger than it was when Fred had first approached him with this ill-fated
scheme. Uncle Sam now owed more than 16 trillion notes to his creditors, and Uncle Sam had
already made future financial commitments of 202 trillion notes that he would never be able to
pay. Meanwhile, the notes that Fred had been printing up for Uncle Sam were now worth less
than 5 percent of their original value. Uncle Sam was becoming concerned because some of his
other relatives were warning that this whole scheme was about to collapse.
Sadly, Uncle Sam did not listen to them. Uncle Sam knew that if he admitted how fraudulent
the financial scheme was, the rest of the world would quit sending him all of the things that he
needed in exchange for his notes and they would quit lending his notes back to him at super
low interest rates.
And if the rest of the world lost confidence in his notes and quit using them, Uncle Sam knew
that his standard of living would go way, way down. That was something that Uncle Sam could
not bear to have happen.
When a financial crisis almost caused the scheme to crash in 2008, a desperate Uncle Sam went
to Fred and asked for help. In response, Fred started printing up far more notes than ever
before and started directly buying up large amounts of IOUs from Uncle Sam with the notes
that he was creating out of thin air. Fred hoped that the rest of the world would not notice
what he was doing.
It seemed to work for a little while, but then an even worse financial crisis came along. Once
again, Uncle Sam started issuing massive amounts of new IOUs and Fred started printing up
giant mountains of new notes to try to fix things, but their desperate attempts to keep the
system going were to no avail. The rest of the world started to realize that they had been
sucked into a massive Ponzi scheme, and they lost confidence in the notes that Uncle Sam was
using. Suddenly nobody wanted to lend notes to Uncle Sam at super low interest rates
anymore, and people started asking for far more notes in exchange for the things that Uncle
Sam wanted.
Uncle Sam's standard of living dropped dramatically. Since he could no longer flood the world
with his notes, Uncle Sam could not continue to consume far, far more wealth than he
produced. Uncle Sam sunk into a deep depression as he watched the scheme fall apart all
around him.
Uncle Sam had once been the wealthiest man on the entire planet, but now he was a broke,
tired old man that was absolutely drowning in debt. Unfortunately, once he was down on his
luck the rest of the world did not have any compassion for him. In fact, much of the rest of the
world celebrated the downfall of Uncle Sam.
All of this could have been avoided if Uncle Sam had never agreed to Fred's crazy scheme. And
once Uncle Sam made the decision to stop backing his notes with gold, it was only a matter of
time before the scheme was going to collapse.
Does this little story sound crazy to you? It shouldn't. The truth is that you are involved in such
a scheme right now. In case you haven't figured it out, "Uncle Sam" is the United States, the
"notes" are U.S. dollars, and "Fred" is the Federal Reserve.
Please share this story with as many people as you can. Our country is headed for complete
and total financial disaster, and we need to get people educated about this while there is still
time.

								
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