A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from May 21, 2013
Ponzinomics (Ponzi scheme + economics)

Ponzinomics (Ponzi scheme + economics) is an economy based on an unsustainable Ponzi scheme, such as printing fiat money and incurring large debts. The term “Ponzinomics” has been cited in print since at least 2002.
The term was popularized on the blog Zero Hedge on May 2, 2010, when it had a mock promotion for an invented book—“Presenting The Upcoming Bestseller: Quantitative Ponzinomics For Dummies.” On April 12, 2013, Washington’s Blog wrote about Ponzinomics in “The Entire Economy Is a Ponzi Scheme.”
Google Groups: alt.politics.economics
Lance Ringquist
free trade/free market capitalism simply cannot work, it is really ponzinomics relying on fresh capital, when that stalls the author is right, down comes the house of cards.
there is no where in the world that its working, there is no country that is involved in it that is stable, including the u.s.a.
Google Groups: soc,retirement
Republican Ponzinomics: Madoff Employees Still Being Paid Despite Nothing To Do
The WilliamBanzai17 Blog
Friday, April 30, 2010
(Illustration of book cover—ed.)
Special thanks to Tyler Durden of Zero Hedge for inspiring this idea.
Posted by williambanzai7
Zero Hedge
Presenting The Upcoming Bestseller: Quantitative Ponzinomics For Dummies
Submitted by Tyler Durden on 05/02/2010 05:17 -0400
Soon appearing on the Bernie Madoff Book to the Month club:

Why is Global Ponzinomics such a hot topic? Here’s why, courtesy of world leaders who just can’t get enough:
(Book cover is shown—ed.)
January 28, 2009
The following are excerpts from today’s surprise panel discussion:
KLAUS SCHWAB: Distinguished guests, today we have arranged a surprise panel to lead us through the cutting edge of Global Ponzinomics. As you all know, the modern day version of Ponzinomics has its origins on Wall Street. I know you are all keen to hear directly from the leaders of Wall Street as well as the regulators all of whom made this remarkable feat of financial wizardry possible.
The Burning Platform
Four Turnings of Ponzinomics: Decay, Destruction, Rebirth, Growth
Posted on 5th November 2010 by ChetM in Economy
JimQ and I had a short debate the other day regarding the cycles described in the Fourth Turning, where I put forth the hypothesis that the whole cycle can be explained simply by the length of time it takes for a monetary system based on debt and interest to become saturated with debt.  This is a very regular mathematical function, the cycle of depressions comes on regular intervals of 60-80 years, and has done so in the modern era going back at least as far as the Tulip Bubble and the failure of the South Seas Company.  That particular collapse led directly to the French Revolution, and pretty much every major conflagration of the last 300 years has been preceeded by similar collapses in the banking/investment paradigm.
Washington’s Blog
The Entire Economy Is a Ponzi Scheme
Posted on April 12, 2013 by WashingtonsBlog
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme.
Former Reagan budget director David Stockman just agreed: ...

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Tuesday, May 21, 2013 • Permalink

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