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Here is the math folks - Its called the Compound Interest Equation A=P(1+r/n)^nt
"The most powerful force in the universe is compound interest".
I get the impression a lot of folks even here still don't believe the economy will completely collapse.
Originally posted by hawkiye
reply to post by gorgi
The equation is posted in the OP and under the video. He explained it in the video starting at about 2:48, it's simple if you continue to debase the currency exponentially it will become worthless, in our fiat monetary system the debt has to be increased every year in excess of the debt accrued the year before. That's like borrowing money to pay the interest only on your credit card. How long do you think you could last if you handled your finances in that manner? The problem is the government has unlimited credit via the printing press or so they think except inflating the currency does have a limit and we are very close to that limit.