Catholic Info

Traditional Catholic Faith => The Greater Depression - Chapter I => Topic started by: trad123 on June 18, 2022, 05:06:37 PM

Title: The Ponzi Factor: The Stock Market is a Ponzi Scheme
Post by: trad123 on June 18, 2022, 05:06:37 PM

https://www.youtube.com/watch?v=kJOWwfOQ3Sc

Title: Re: The Ponzi Factor: The Stock Market is a Ponzi Scheme
Post by: Geremia on June 18, 2022, 05:30:08 PM

Both capitalist and socialist economic systems are Ponzi schemes.

Pius XI, Quadragesimo anno (https://www.vatican.va/content/pius-xi/en/encyclicals/docuмents/hf_p-xi_enc_19310515_quadragesimo-anno.html) (1931)

Quote from: §105

In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure.

Basically, usury makes the stock market "profitable".