Anyway, here we go.... pull yourself a nice Espresso and sit down for a short story that will explain why we're utterly screwed if we don't act and why acting to stop the progression of what is going in our economy right now is not an option - it is an imperative.
I linked a Youtube presentation a couple of days ago by a professor who explained the exponent thing. It was dry and I bet nobody went and watched the whole series; it was basically an hour long.
Yet if you don't understand this, you understand nothing when it comes to economics and the lies told by both the left and right. You are not stupid, however: you are ignorant.
That ignorance is intentional. Our "educational system", our bankers and our politicians intentionally fail to explain the fundamental concept explained in this Ticker for one and only one reason: Once you understand it - truly understand it - you can never fall victim to a ponzi scheme. Not only that, you will never allow any society you are a member of to fall victim to one either, as you will recognize the inherent danger and demand that they be stopped and the people responsible either locked up or burned at the stake (after a proper trial, of course.)
Ignorance falls to education. It is why we learn, hopefully, so we become less-ignorant. As such I was prodded in email this morning by someone who said "you get this well for a non-scientist" and I had to reply in riposte: Ah, but I am a scientist you see....