Monday, 9 February 2015

Your Future, the Math. Denninger


 

----- Original Message -----

From: Len Cranford


Sent: Sunday, February 08, 2015 3:40 PM

Subject: Your Future, the Math. Denninger

 

 


 

Folks, it's pretty simple when you boil down the last 8 years of Tickers.

Any economic, mechanical or monetary system predicated on infinite compound expansion is a scam as all infinite compound expansions are mathematically and physically impossible to achieve.

It is not possible to have infinite compound growth of population, no matter how small the percentage.

It is not possible to have infinite compound growth of credit and/or money, no matter how small the percentage.

It is not possible to have infinite compound growth of output (of anything!), no matter how small the percentage.

ALL such claims that do not have a terminal date (that is, "ends on xx-xx-xxxx") are frauds.

ALL.

Each and every one, each and every time.

Further, anyone lending into such an environment knows the borrower is lying about the sustainability of same, and the borrower also knows.  The entire transaction is a fraud from inception.

Greece has no obligation to pay sums that the lender knew they could not pay at inception; the so-called "bailout" was a scam from the outset designed not to save Greece but rather to falsely claim solvency of institutions such as banks within the EU and even the ECB itself.

THE SAME SITUATION EXISTS RIGHT HERE, RIGHT NOW IN THE UNITED STATES AND DESPITE THE CLAIMS OF "GREAT EMPLOYMENT REPORTS" THE CONSEQUENCES THAT ARE INHERENT IN SUCH MONETARY SHENANIGANS ARE EVIDENT IN THE NUMBERS.  WE ARE HEADED FOR THE SAME OUTCOME.  UNLESS WE CHANGE COURSE WE ARE ARGUING ONLY "WHEN", NOT "WHAT."



HERE is how your way of life ends, America; It took just 6 Days in Greece; And rates continued to climb further as the crisis deepened.


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