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A ponzi can keep going indefinitely if all the investors HODL without cashing out and no regulators check the books to trigger a run. As soon as enough people t
by lern_too_spel 4y ago
A ponzi can keep going indefinitely if all the investors HODL without cashing out and no regulators check the books to trigger a run. As soon as enough people try to cash out their paper returns, the scheme unravels very quickly.
- andirk 4y agoI agree, but we can't all cash out all of our money from US banks either. That much money simply does not exist. These comments have a lot more faith in FDIC than me, so maybe I'm missing something.
- rjmunro 4y agoIt doesn't 'exist' now but it could be printed.
- andirk 4y agoYes. As much as desired can exist at any moment. When I say 'exist' I mean like 'exists with its current abilities via its value'.
- cool_dude85 4y agoMaybe you have missed the US government's reputation of paying its debts and the FDIC's near 100 year history of paying out? It's hard to miss but I'm sure for some people it's possible.