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Forum Post: Over and over again!

Posted 4 months ago on April 27, 2018, 9:37 a.m. EST by agkaiser (2174) from Fredericksburg, TX
This content is user submitted and not an official statement

In a hypothetical casino card game the house takes 5% of every pot. If 10% of the money at the table is on average played on each hand, then the house takes 0.5% of the money in the game on each rake. After 200 hands, 100% of the money that is on average at the table has been taken by the house. The only way the game may continue is to have new money come to it. The winners, of course, smell the new blood and even anticipate it greedily. And the biggest winner over a time is always the house. Until the free market ideologues took over, the biggest difference between a casino bank and finance was that the gaming house took a bigger cut of the handle. Do you see why the bubble must burst again? Will the next time be the big one?

The pyramid of profits on the non productive activities of the FIRE sector is, of course, ultimately as unsustainable as it is destructive to the real economy. But most of us are successfully distracted from the perfidy and parasitization that threaten our ultimate demise. We're too busy scrabbling to make ends meet in the impossible environment the elite ruling class has created to facilitate the pyramid scam we call an economy. That con started a long time ago.

"The Protestant work ethic and capitalist economic system that burgeoned from that is all about working and making money and "earning" your way, and accumulating capital is seen as success, which kind of puts people against one another."

http://occupywallst.org/forum/by-any-other-name/#comment-1075316

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2 Comments


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[-] 1 points by grapes (5184) 4 months ago

The U.S. Dollar adheres to the truth-in-advertising principle. "Oh, say can you see?/ By the dawn's early light?/ What so proudly we hailed,/ At the twilight's last gleaming." The twilight's last gleaming was probably the 2007-2008 punctuated financial collapse.

Yes indeed, I can clearly see a pyramid on the reverse side of the Great Seal of the United States depicted on the reverse side of the U.S. one-dollar bill. I also see the constellation of the thirteen stars on the front side of the Great Seal configured as the six-triangle six-line-segment six-vertex Star of David.

The enterprise may be a pyramid scheme like our Social Security Trust Fund but absolutely not a pyramid scam. At the very least, the declaration "In God We Trust" got on there. We need trust, don't we? I must believe in the manna from heaven and Israel's bailing us out (as I saw some gigantic onion-shaped golden nipples @2:58 in the video). Hope springs eternal, even only as the last itty-bitty feeble one fluttering out of Pandora's Box.

I see Tacos Cruz spurting from the fundamentalist bullshit sucking at the onion-shaped golden nipples. When the briny artificial tide comes in, the phallic Texass razor clam will come out and be fried. It's slippery so follow the instruction to "Hold Tight!" Tacos fountains are orgasmic with bullshit.

Much recycled wastewater is used for Las Vegas but Bellagio fountains use groundwater. At Bellagio, honeymooners create new lives together after fucking and/or being fucked.

[-] 1 points by agkaiser (2174) from Fredericksburg, TX 4 months ago

may be a pyramid scheme but absolutely not a pyramid scam

That's a distinction without a meaningful difference.