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  • Is Debt a Ponzi Scheme

    Discussion in 'Off-Topic' started by Ozzy, Feb 28, 2018.

    ?

    Is Debt A Ponzi Scheme

    1. Yes

    2. No

    3. Mabey

    4. IDK/IDC

    5. Shut this thread down NOW

    Results are only viewable after voting.
    1. Ozzy
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      Ozzy Experienced Member

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      Dictionary
      Define:

      Pon·zi scheme
      ˈpänzē ˌskēm/
      noun
      1. a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.


      So according to this definition, the U.S is committing fraud

      The U.S is making other companies believe they are doing well in their enterprises that they are putting a lot of money into

      Dictionary
      Define:

      en·ter·prise
      ˈen(t)ərˌprīz/
      noun
      1. 1.
        a project or undertaking, typically one that is difficult or requires effort.
        "a joint enterprise between French and Japanese companies"
        synonyms: undertaking, endeavor, venture, exercise, activity, operation, task, business, proceeding;
      They are getting other countries to invest money in all these ventures that they are doing ( military ventures, scientific ventures etc.....). When they borrow money they don't have enough money to pay to the country that they borrowed from so they get other countries to give them money and they pay back the first investor. This continuously happens back and forth thus creating a vicious cycle of debt. They are taking so much money that they can't pay back that they are currently 21 trillion dollars in debt.

      Now, this thread is to see what peoples opinions are and be nice to each other and respect what other people have 2 say.

      The only exception is me LOL
       
    2. WiiTarded
      Offline

      WiiTarded Experienced Member

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      And here we see a kitpvp player trying to prove that he is not mentally challenged, which, of course, is impossible
       

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