$34 Trillion National Debt is a Ponzi Scheme

July 5th, 2024 at 4:43:01 AM permalink
PotPie
Member since: Oct 9, 2022
Threads: 11
Posts: 550
.
the $34 TRILLION national debit is nothing other than a stupendously gigantic Ponzi scheme

all other Ponzi schemes will eventually collapse - but not this one

because investors know the Feds will keep the Ponzi alive by their ability to borrow more and more gigantic sums of $

every year the Feds cannot meet their obligations without borrowing more - paying off creditors with more and more borrowed funds

that is EXACTLY how the typical Ponzi scheme operates

the Feds borrow money by issuing bills, notes and bonds from the Treasury

investors buy in to the Treasuries because the Ponzi is guaranteed by the U.S.

and interest rates and a wide choice of maturity dates are attractive to them

it's really kinna comical when you think about it

.
the foolish sayings of a rich man pass for words of wisdom by the fools around him
July 5th, 2024 at 4:54:30 AM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4238
It's very good you can see this.

1++.


Let us know what else you find out.



The money changers have to be able to cover the interest.
July 5th, 2024 at 5:18:04 AM permalink
odiousgambit
Member since: Oct 28, 2012
Threads: 165
Posts: 6374
Quote: DoubleGold
It's very good you can see this.

1++.


Let us know what else you find out.



The money changers have to be able to cover the interest.
I would have posted 1++ too but that would mean I agreed with PotPie!! ................... ha ha..................... yes, good post, eventually the only solution is to go the Zimbabwe way if you can't restrain spending
I'm Still Standing, Yeah, Yeah, Yeah [it's an old guy chant for me]
July 5th, 2024 at 5:36:40 AM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4238
Quote: odiousgambit
I would have posted 1++ too but that would mean I agreed with PotPie!! ................... ha ha..................... yes, good post, eventually the only solution is to go the Zimbabwe way if you can't restrain spending



:)


A good place to research is Omar Gaddafi and Saddam Hussein.

I think Omar was charging zero percent interest.