model
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
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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"...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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"...create a demand for it. You basically have to create a Ponzi scheme. And so, Nixon did two things to resolve this issue and..."
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"...to buy more US dollars okay in order to support the Ponzi scheme so this is a system that"
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"...based purely on the US dollar, the petrodollar, which is a Ponzi scheme. If it did not invade Iran, then people would choose not..."
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"...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..."
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"...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..."
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"...real estate scams. These entrepreneurs, these billionaires, were basically creating financial Ponzi schemes. And so there was a commitment among Chinese regulators to crack..."
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"...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..."
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"...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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"...the entire world is dependent on North America for resources. The Ponzi scheme can keep on going. So again, Donald Trump is an idiot,..."
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"...idea is that America is a house of cards. It's a Ponzi scheme. It's corrupt. It's unequal. It's lazy. It's in decline. So, it's..."
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"...to purchase U.S. dollars because the U.S. dollars is this great Ponzi scheme. And if China switched to gold or tries to nationalize the..."
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