“Ponzi borrower’ borrows based on the belief that the appreciation of the value of the asset will be sufficient to refinance the debt but could not make sufficient payments on interest or principal with the cash flow from investments. Only the appreciating asset value can keep the Ponzi borrower afloat. If the use of Ponzi finance is general enough in the financial system, then the inevitable default by the Ponzi borrower can cause the financial system to go into seizure when the bubble pops and asset prices stop increasing and the banks/markets stop lending.”