Unemployed? Broke? HowTo: Execute your own Ponzi Scheme!

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Please note that I Gregory Phillips am NOT a registered financial adviser nor do I offer legal advice. Please see disclaimer at the bottom of blog.
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Seeing as how ponzi scheme's seem to be all the rage these days with no repercussions at all why shouldn't individual American citizens execute their own ponzi plans?

I mean since the Federal Reserve Bank is even involved in a ponzi scheme right before everyone's eyes, with the blessing of the United States government, why is it not also a good enough plan for the many struggling American families in our debt based ponzi scheme driven economy?

How to legally employ your own ponzi scheme in these toughest of economic times:

If you find yourself unemployed and seemingly less and less likely to be able to find a job and are sincerely worried about the welfare of yourself and your family then just do what the United States government does..

Borrow money that you KNOW you will NEVER be able to repay, forever..

The elite bankers attempt to use shame to keep consumers in line even to the point of sacrificing the well being of their own family to pay back loans of completely worthless fiat currency (paper backed by.. more paper).

shame (shm)
n.
1.
a. A painful emotion caused by a strong sense of guilt, embarrassment, unworthiness, or disgrace.
b. Capacity for such a feeling: Have you no shame?
2. One that brings dishonor, disgrace, or condemnation.
3. A condition of disgrace or dishonor; ignominy.
4. A great disappointment.

Shame these days is not nearly as in vogue as it once was in America anyway.. So just forget that.. It's really meaningless. I mean doing what I am about to suggest will ruin your credit.. But most likely if you find yourself in a position to consider it then your credit is likely already ruined.. Plus.. isn't it credit that got you into this mess in the first place? Spending money you didn't have for things you didn't need?

So I'm merely suggesting you instead use borrowed money for the things you do need.. Food, utilities, clothing, whatever it might be..

Whether you will be able to pay back this money is of little concern as we can see in the upcoming vote to raise of the United States debt limit by congress in the near future..

Our own uncle, Sam, is currently borrowing 40% of every single dollar they spend so I fail to see why YOU should feel ashamed to do the same thing..

The ponzi trick is to obtain as much NEW credit as you possibly can NOW. Combine this with any existing credit you have to allow yourself as large a credit line as is possible. The interest rate charged is of no concern at all.. In fact, the higher the interest is the faster you will be able to accumulate consumer debt and hence the faster you can file for bankruptcy to get out from under everything you, so-called, owe.

Then just use this credit to support yourself and your family.. Hell go on a well deserved relaxing vacation if you like.. Why not?

You can escalate [ponzi] this borrowing as long as possible to buy the things you need just as if you had real money (even though having real money isn't real money if it is of the paper variety.. Only tangible [real] assets have real value. Gold, silver, land, food, guns, etc).

Once the bankers cut off your credit (and they eventually WILL do so) just use the accumulated debt to file for bankruptcy (again no shame, GM did it, AIG did it, the banks did it, Fannie and Freddie did it, etc).

Just make SURE when you do file for bankruptcy that you file ONLY chapter 7 and NOT chapter 13.. Bankruptcy laws were changed, by congress, in 2005 to make filing more difficult in an attempt to help the banks recoup as much money as possible from the debt slaves they had driven to ruin.

Bankruptcy will dissolve, FREE you from, the great majority of your accumulated debt with the exception of taxes and the student loan debt trap..

So, fight back! Enjoy yourself! Just live like the United States government, the Federal Reserve Bank and major corporations do!

Greg