He describes British anti-Napoleonic war finance as Ponzi-like because once a war began, investors and the state had to keep fighting or lose everything.
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Ponzi
A transcript-matched topic anchored by excerpts such as "...you lose all your money, right? So it's almost like a Ponzi scheme. And so that's what led to the Napoleonic wars. And again,..."
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A transcript-matched topic anchored by excerpts such as "...you lose all your money, right? So it's almost like a Ponzi scheme. And so that's what led to the Napoleonic wars. And again,..."
Key Notes
Timestamped Evidence
"...you lose all your money, right? So it's almost like a Ponzi scheme. And so that's what led to the Napoleonic wars. And again,..."
"...So, um, the entire financial system of the west is a Ponzi scheme, and this has been true since 1694 when the bank of..."
"...US stock market. Okay. So, so again, it's expansion of the Ponzi scheme and that's how Ponzi schemes work. You constantly have to expand..."
"...true power comes from. Because currency is all fake. It's a Ponzi scheme. It's based off of nothing. You have these IOUs in U.S...."
"...create a demand for it. You basically have to create a Ponzi scheme. And so, Nixon did two things to resolve this issue and..."
"...to buy more US dollars okay in order to support the Ponzi scheme so this is a system that"
"...based purely on the US dollar, the petrodollar, which is a Ponzi scheme. If it did not invade Iran, then people would choose not..."
"...monetary system is fraudulent. So if it doesn't grow like a Ponzi scheme. It mathematically collapses, it's a mathematical certainty. So in order for..."
"...that this would basically bankrupt America because America is a financial Ponzi scheme. It's $39 trillion in debt. And if people stop buying US..."
"...real estate scams. These entrepreneurs, these billionaires, were basically creating financial Ponzi schemes. And so there was a commitment among Chinese regulators to crack..."
"...to buy U.S. Treasuries, it's not a problem. Okay? It's a Ponzi scheme. Okay. So let's look at this. Who are the biggest holders..."
"...heavily in debt. The American economy is too much of a Ponzi scheme. So there's this great fear that Europe and Asia would move..."
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