$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 | 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 |
:) A good place to research is Omar Gaddafi and Saddam Hussein. I think Omar was charging zero percent interest. |

