Russian Lawmaker Moves to Ban US Dollar; Calls it a 'Ponzi Scheme' - Polidicks

[QUOTE=Charades;42880635]Everything I read about my country is all doom and gloom. Seems like this is more wishful thinking than actually being based in reality. The U.S. markets are doing really well and my country has more billionaires than both China and Russia combined.[/QUOTE] So more billionaires = US is winner?

[QUOTE=KennyAwsum;42874079]Sorry Bro, this isn't Call of Duty.[/QUOTE] No. It's Fallout!

[QUOTE=JustExtreme;42880854]So more billionaires = US is winner?[/QUOTE] I guess what he's trying to say is that the economy isn't in as bad a shape as the news says it is and it could be a lot worse? I dunno.

[QUOTE=Charades;42880635]Everything I read about my country is all doom and gloom. Seems like this is more wishful thinking than actually being based in reality. The U.S. markets are doing really well and my country has more billionaires than both China and Russia combined.[/QUOTE] Thats why the government is going to default eventually. Billionaires, Greedy Billionaires.

How on earth do you ban possession of a currency. Even if this was a legit concern and they were going to do something about it, how would you even enforce that. I could understand banning the use of it in shops etc but you cannot ban someone from possessing what amounts to a bit of paper..

[QUOTE=Ezhik;42875401]Looks like Mikhail is storing his totally legal money in Euros.[/QUOTE] Shekels.

[QUOTE=Jsm;42883509]How on earth do you ban possession of a currency. Even if this was a legit concern and they were going to do something about it, how would you even enforce that. I could understand banning the use of it in shops etc but you cannot ban someone from possessing what amounts to a bit of paper..[/QUOTE] Tell that to the Soviet Union.

[QUOTE=Jsm;42883509]How on earth do you ban possession of a currency. Even if this was a legit concern and they were going to do something about it, how would you even enforce that. I could understand banning the use of it in shops etc but you cannot ban someone from possessing what amounts to a bit of paper..[/QUOTE] Oh trust me and Soviet Unicon: you can. Oh boy can you. Remember how in the Middle Ages people claimed their neighbors were witches and reported them to the Inquisition? Around the same.

um...no the u.s. dollar is not a ponzie scheme, social security is but currency cannot in of itself be a ponzie scheme.... unless he's referencing to the fact that our debt is paid for by public bonds in which case he should know most of Americas debt is actually held by....Americans....... additionally our currency, the way we issue bonds, and who can buy that debt are basically following the same international practices dozens of other countries are doing. he is just another one of those anti western goons who realised that his country's money system is shit and wants to take it out on someone else other than fixing the problem [editline]16th November 2013[/editline] [QUOTE=Jsm;42883509]How on earth do you ban possession of a currency. Even if this was a legit concern and they were going to do something about it, how would you even enforce that. I could understand banning the use of it in shops etc but you cannot ban someone from possessing what amounts to a bit of paper..[/QUOTE] you limit the amount of currency that can be exchanged from vendors for foreign currency, venisuala did that and they have crippling inflation because of that. but it does stop people from getting access to the currency if you remove locals ability to distribute the money and exchange it for their local currency. this should pass before the winter Olympics BTW just to be a grand fuck-you to westerners

[QUOTE=Sobotnik;42874181]Is this a critique of capitalism in general or of the United States economic policies?[/QUOTE] reading comprehension