Post
Topic
Board Economics
Re: How long can the US dollar ponzi scheme continue?
by
shad0wbitz
on 04/07/2013, 03:08:46 UTC
I like how boy scouts apply term "ponzi scheme" to everything they don't understand dislike.

To my understanding, the Boy Scouts is an Americunt organization designed to molest little children, isn't it?


Yes, this is what I meant. When little Americunt kids do not understand what are they talking about, they apply template words, which they heard from adults in a boy scout camp, to everything. Like with a "ponzi scheme" case.


how many times do I have to explain, this was not chosen as a template word? In a real Ponzi scheme, no one wins. That's why the United States is in deep trouble.

Agreed. The mechanics of the US economy, at least for the last 20 years since the monetary crisis of the 90's it is a classic Ponzi scheme: It pays old debt with new debt. Or, to put it in other words, bonds/loans and the economy is being floated with money the treasury does not have (borrowing from China/Printing money is not money you have). Ergo, the US economy is a big fucking Ponzi scheme.