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Joined 2 months ago
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Cake day: February 16th, 2025

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  • Is US social security not the definition of a ponzi scheme, where new money pays for old money, as they obfuscate the fact its totally unfunded outside of current year debt accumulation?

    Can somebody correct me where I’m wrong here, and why it is sustainable in a rising interest rate environment and aging demographics where debt is more expensive to roll over. It seems to me if you even made it optional and allowed people to opt in the entire system would collapse, as it is entirely unfunded if not for the new entrants into the system, which again appears to be a ponzi scheme.






  • turnip@lemm.eetoLemmy Shitpost@lemmy.world🪨 Rock on 🪨
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    2 months ago

    Do you live in a house? Somebody spent a lot of effort to build it, and expecting it for free would be silly, and its the same with many other things.

    The thing that youre mad about is the fact living standards are falling, because your central bank can print unlimited sums of money out of nothing, as interest rates are set artificially low to monetize debt; which encourages debt accumulation via the cantillon effect, which creates serfdom via a gatekeeping system on an inelastic good.

    The closer to the gold standard you were born the cheaper things like your house was, and the less debt was required as debt was actually a liability instead of an asset, because it is inevitably eroded by future money printing.