posted on Jun, 16 2010 @ 03:39 PM
reply to post by Danbones
But the US HAS to do it this way. It seems confusing and complicated and completely unnecessary but ultimately that's the point. In a Ponzi Scheme,
you cannot simply add money into the pile and then pay the investors .. it becomes obvious. But if you have a stream of continuous investors you can
use their money to pay the original investors, then get new investors to pay those, and then new ones to pay those. This becomes complicated and
secretive, but as long as people are joining and payments are being made, all without obvious monetization (printing money to reduce debt liabilities)
then everyone is happy ---- EVEN if they know it's a ponzi scheme, but so long as they continuing acting like a ponzi scheme and they know they will
get paid, no one cares.
THAT is what the Government is doing.. THAT is why they paid the banks to buy our debt, then pay interest on it. No doubt the banks came off better
than anyone else, but still it prevents the Federal Government from completely collapsing.