Ponzi Financing, Negative Interest Rates and Bitcoin

In previous series of our Ponzi analysis, we have established a simple model – the old school Ponzi model. In this model, we have made several intuitive conclusions: Ponzi is essentially a process of cash flow management; The existence of interest and compounding is actually a power-law function of the difference between cash inflow and outflow; The ceiling of markets where Ponzi exists is the core factor limiting its life cycle. Today, we continue to analyze the Ponzi financing model, and further study the paradigm shift of the three financing models.   1.Three Types of Financing Models: Ponzi Financing, Hedge…...