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<p>[QUOTE=&quot;mikem2000, post: 1658928, member: 30574&quot;]Overall debt in not increasing exponentially either.&nbsp; In fact personal debt is actaully coming down.&nbsp; It peaked at 12 Trillion in 2008 and is now around 10 Trillion.&nbsp; As far as corpoarte debt goes, US corporatation are now flush with record amounts of cash on the ledger, so this is not a problem either</p><p><br /></p><p><br /></p><p>Now for the Ponzi scheme thing</p><p><br /></p><p>Here is the definition of Ponzi scheme</p><p><br /></p><p>A <b>Ponzi scheme</b> is a <a href="http://www.cointalk.com/wiki/Fraud" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Fraud">fraudulent</a> <a href="http://www.cointalk.com/wiki/Investment" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/wiki/Investment">investment</a> operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.<a href="http://www.cointalk.com/#cite_note-ponzi-1" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/#cite_note-ponzi-1">[SUP][1][/SUP]</a></p><p><br /></p><p><br /></p><p>I was not sure if you were refering to fiat currency or the equities market as a Ponzi scheme, but neither comes close to meeting the definition.&nbsp; Many people including a lot of bloggers seem to tag things they don&#039;t like as a Ponzi schemes, but just saying it does not make it so.</p><p><br /></p><p>As far as bankrupt companies like MF Global, that point is simply not germaine to the situation.&nbsp; Some companies go out of buisness, always have, it does not reflect an overall unheathy market.&nbsp; No one ever suggested you put all your money into one company.</p><p><br /></p><p>As far as the high frequency trading, I think Chris covered that.[/QUOTE]</p><p><br /></p>

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