Quote:
Originally Posted by AmeliaG
Do you believe that all currency is a Ponzi scheme?
If so, then you are right. Holders of any currency hope worldwide faith in it will increase and increase their buying power.
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Answer is: no I don't believe it. If holders of any currency really hope the increase of the currency's buing power in relation to commodities (not against other currents as that is another issue), they are fools, complete idiots. They are idiots as deflation is not good thing and they are idiots as inflation is what will most likely happen, especially as it is sought after.
However if you mean some less serious hope, like hoping that goldpot would fall from the sky; that is another issue.
Do you believe that all currency holders are idiots?