Loan money circulation? I have a hypothetical situation and couple of such questions.
Imagine a situation like this:
You need 1000€ a month in order to survive.
There are three loan providers you can borrow the amount of 1000€ for a month with a fee of 1€ a month (you're always repaying money on time).


I borrow money from the first loan provider.
I spend the money.
I borrow money from second to repay the first.
I now owe money only to the second provider.
I borrow money from the third.
I spend the money.
I borrow money from first to repay the second.


And so on and so on, you can see the pattern. It's maybe a stupid question but could loan circulation work as a way of earning monthly money.
This reminds me of the Ponzi Scheme: A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent (source wikipedia with numerous examples).