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<p>[QUOTE=&quot;InfleXion, post: 1303745, member: 29012&quot;]I read recently that interest accumulated debt in October was $200 billion, which I was using as a basline, but I can&#039;t find that story now. It must have been including some other data, so good call. It looks like in 2010 the total interest accumulated debt was $451 billion. So we are definitely onward and upward from there. I can&#039;t seem to find current data on this. </p><p><br /></p><p>As far as value, I said they produce no tangible value. The definition of tangible is something you can hold in your hand, not numbers shuffled around in cyberspace. Sure you can hold cash in your hand so I suppose that is an exception. What I meant was that it&#039;s not producing anything of intrinsic usefulness, such as a car, lumber, or tools, etc. Money is only useful because it is money, but anything can be money.&nbsp; </p><p><br /></p><p>Also, the financial system is a ponzi scheme to a T. Here&#039;s a link since I don&#039;t want to try to explain it: <a href="http://www.huffingtonpost.com/2010/10/27/bill-gross-fed-ponzi_n_774849.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.huffingtonpost.com/2010/10/27/bill-gross-fed-ponzi_n_774849.html" rel="nofollow">http://www.huffingtonpost.com/2010/10/27/bill-gross-fed-ponzi_n_774849.html</a>&nbsp; &nbsp; </p><p><br /></p><p>I think we got hung up on that I am referring to the system as a ponzi scheme, not all financial institutions. Though most banks are also doing the same thing, but even if not all financial institutions are a ponzi scheme they are all participating in it. Even you and I are. It&#039;s an unavoidable cost of using money in a fiat / fractional system.[/QUOTE]</p><p><br /></p>

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