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Home » Forums » Questions and Answers » All Other » Is the T Bill a ponsi scheme created by the government?
Is the T Bill a ponsi scheme created by the government?
| August 13th, 2011 at 9:19:25 AM permalink | |
| AceCrAAckers Member since: Jul 12, 2011 Threads: 11 Posts: 134 | When the T Bill matures and is paid by issuing more T Bill to pay for the old ones is this not a ponsi scheme? It's bad luck to be superstitious. |
| August 13th, 2011 at 9:34:21 AM permalink | |
| SOOPOO Member since: Aug 8, 2010 Threads: 49 Posts: 1324 | Our entire government's policy of spending more than they take in makes Madoff look like a 2 bit criminal. |
| August 13th, 2011 at 9:53:09 AM permalink | |
| s2dbaker Member since: Jun 10, 2010 Threads: 34 Posts: 1215 | If you have any, I'll gladly buy them from you for $0.50 on the dollar. |
| August 13th, 2011 at 11:43:03 AM permalink | |
| midwestgb Member since: Dec 8, 2009 Threads: 6 Posts: 148 | But of course it is. This scheme is tied to nothing more than the fact that our investors fear us. |
| August 13th, 2011 at 12:41:07 PM permalink | |
| AZDuffman Member since: Nov 2, 2009 Threads: 153 Posts: 2912 |
Not really, corporations do the same thing in the form of commercial paper. Short term finance has its place, for example if you need a few billion more this week than next. "The Roman Empire wasn't planned, but neither did it 'just happen.'" |
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