How to Pay Bills without a Job

Its easy. Lets say your monthly bills are $5000. Just find someone who will loan you $5000 and offer to pay them 5% interest per year. Take a piece of paper and write on it, I.O.U. $5000 plus $250 interest per annum, unsecured but backed by my full faith and credit. Take the money and pay your 1st month’s expenses. Then go find another person, following the same process and continue on month after month, year after year. When the 1st loan comes due in 12 months, pay off the $5250 with other borrowed money or just pay the $250 interest and refinance the I.O.U. for another year. Be creative, expand the number of lenders, increase the interest rate if necessary, issue different types of I.O.U’s 30 days, 6 months, 5, 10, 15, 20 year I.O.U’s. Always borrow from people you do business with, your grocery store, utility co., clothing stores, etc. That way you will be buying your lenders’ goods and paying them back with their own money.

I know, it sounds like a Ponzi Scheme, but its perfectly legal. The US government has been paying their bills like this regularly for the last 50 years and have only accumulated 6.5 trillion $ in debt. As an individual, you probably won’t owe more than $10-20 million in your lifetime and never had to get a job.

If any of your lenders become concerned about your ability to ever pay them off, just tell them what US Treasury Secretary told China last week. “Not to worry China’s $1 Trillion in I.O.U’s are backed by the full faith and credit of the US government”.