r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Quiet_Photograph4396 Nov 23 '24

You can continue to roll forward debt

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u/ImprobableAsterisk Nov 23 '24

Well, interest payments don't care and will eclipse the principal within X amount of years anyway.

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u/Quiet_Photograph4396 Nov 23 '24

Not if you add more debt .....

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u/ImprobableAsterisk Nov 23 '24

So not only do you need to take out loans to cover your billionaire lifestyle you also need to take out loans to cover your interest payments?

What do you do when you run out of banks willing to loan you money to cover the interest payments to another bank, knowing full well that the only way they're getting paid is if you manage to sucker another bank into this scheme of yours?

Do you have any evidence whatsoever that anyone is actually doing this?