Any idea how much longer the GW Ponzi scheme will last.?

Question

Seems the AGW camp continues to make dire predictions that never seem to materialize can anyone predict how long this scheme will continue?

Answer 1

@ lIBERAL AND GARY F -



Why don't you educate yourself before criticising others when you plainly do not have a solid grasp of what you are talking about? A Ponzi scheme is a scheme which relies on the confidence of investors - it is not just a pyramid scheme as you seem to fondly imagine. See "5 key elements of a Ponzi scheme" at http://economics.about.com/od/financialmarkets/f/ponzi_scheme.htm

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I have to say, I'm amazed that some people on YA will so willingly display their own ill-educated opinions and lack of knowledge.



To tell someone they don't know what a Ponzi scheme is in the way that Liberal_60 does, indicates that he has only a basic understanding of the bald term itself, and knows nothing of its etymology or history, otherwise he would know that the foundation of any Ponzi scheme is the confidence of those that buy into it. Once that confidence is shattered, the whole thing collapses.



Ponzi schemes do NOT necessarily need to be 'pyramid' schemes. As any intelligent person knows, all fiat money (that is 'paper' money or money not backed by actual gold) can be construed as a giant Ponzi scheme - if we all decided that dollar bills could not be redeemed then, ipso facto, the currency gets devalued and the fiat collapses.



Hence, all money which is "off the gold standard" can be viewed as a Ponzi scheme - have these people never realised the implicit message of the Wizard of Oz as it relates to America leaving the gold standard? http://en.wikipedia.org/wiki/The_Wonderful_Wizard_of_Oz#The_Gold_Standard_representation_of_the_story







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From http://economics.about.com/od/financialmarkets/f/ponzi_scheme.htm QUOTE:



"

Question: What is a Ponzi Scheme? How Do Ponzi Schemes Work?



Answer: A Ponzi scheme is a scam investment designed to separate investors from their money. It is named after Charles Ponzi, who constructed one such scheme at the beginning of the 20th century, though the concept was well known prior to Ponzi.



The scheme is designed to convince the public to place their money into a fradulent investment. Once the scam artist feels that enough money has been collected, he disappears - taking all the money with him."

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~ sounds like global warming and cap and trade to me.

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Answer 2

If Freddie and Fannie is socialism then so is each vehicle own loan, credit card and the different variety of non-public loan. backed by ability of solid credit, components and a role. Freddie and Fannie are SECONDARY markets. They purchase present loans. The banks originate the loans, verify income and employment. no longer Freddie and Fannie. They then sell them on the open marketplace. those loans are in basic terms as solid as a results of fact the credit and expertise to pay of the people retaining them. in simple terms like quite a few different variety of credit. Now you apart from could comprehend why the banks failed. Skyrocketing meals expenses is led to by ability of worldwide Warming and that different "Ponzi scheme" talked approximately as unfunded tax cuts and a sinking greenback. As further and extra funds is borrowed from China and Japan the further interior the bathroom the greenback is going. A greenback U.S. used to get $a million.50 Canadian. Now it won't get an entire greenback CAD. a similar is going for the different distant places currencies. something imported from Canada now expenses 50 cents greater. a similar with oil, meals and the rest. those much cheap televisions from China are not so much cheap anymore. the common is down. you could no longer have low fee and severe high quality. would not every physique ask your self why oil is now over $one hundred in line with barrel? it particularly is paid in funds. Pay down that deficit and magically each little thing will fall into place. yet that would contain taxes. Taxes no person desires to pay. So how long do you think of that REPUBLICAN ponzi scheme of infinite tax cuts will final? Even REPUBLICANS Ben Stein and David Stockman, REAGAN's budget director admit taxes could desire to develop. I guess you disagree. Too undesirable no longer something is unfastened. modern economics and the unfastened marketplace attempt to tell you that. So shop blaming the Democrats in case you like. It won't exchange a ingredient. Edit: each and all of the thumbs down interior the worldwide won't exchange a ingredient. in simple terms indicative of the common American habit of denial.

Answer 3

How is a Ponzi scheme like climate science?



You probably can't answer that because you don't know what the Hell you are talking about, huh?



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Meadow F --



Ponzi schemes and pyramids both require the "confidence" of the victims (e.g., con game).



Ponzi schemes (unlike pyramid schemes) rely on individual contact with a human source, a financial investment without connection to any business, are not dependent on exponential growth, and are always a crime.



What is the currency is this faux-Ponzi? What is the expected return? What is the "insider information" or special knowledge.



The question is nonsensical as analogy. I didn't sweat the details because it is so stupid I didn't think anyone would take it seriously.



But, then, anyone who can fall for a political agenda based on lies and defamation like AGW-denial can fall for anything I guess.

Answer 4

GW has proceeded almost exactly as had been predicted as early as the 1950s. To call Climate science a Ponzi scheme simply demonstrates ignorance.



Tom

Answer 5

As Meadow so eloquently put it, global warming isn't a Ponzi scheme. Cap and Trade could be described as a possible Ponzi, though. A carbon tax wouldn't be. Maybe what Al Gore is doing is. Anyway...



It's all very entertaining when one denier sticks up for another denier even when they are so obviously wrong.



_

Answer 6

There is no Ponzi scheme. You don't even know what a Ponzi scheme is.



In any event, it seems to you that the predictions don't materialize only because you listen to misleading right wing radio and read misleading right wing blogs. Instead try reading what the scientists themselves say- not just cherry picked fragments of sentences.

Answer 7

I notice politicians are putting out information on opposing a Harmonized Sales Tax instead of Global Warming. It will be ignored though. Perhaps you even put it out.

Answer 8

Until the Baltic freezes over for the entire winter like it did several times during the little ice age. Of course a major river freezing over ln the spring like when they skated on the Thames at Easter or a couple of other similar cases during the little ice age would tend to remove most of the followers and leave just the political fanatics as usual.



http://en.wikipedia.org/wiki/Year_Without_a_Summer

http://en.wikipedia.org/wiki/Inquisition

http://vanallens.com/exchristian/calvin.htm

http://en.wikipedia.org/wiki/Atmosphere_of_Mars

http://en.wikipedia.org/wiki/Atmosphere_of_Venus

Answer 9

As long as there are luney liberals the scheme will continue.

Answer 10

The data and evidence is clearly smacking us in the face. Next time you post a question do some research to back it up. As a sustainability major I've written and researched countless scientific reports on global warming. I suggest you read one of them you didn't get from FOX news.

Answer 11

until the USSA is established