The Entire Economy Is a Ponzi Scheme

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ponzi scheme

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme.



Former Reagan budget director David Stockton just agreed:

 

So did a top Russian con artist and mathematician.

 

Even the New York Times’ business page asked, “Was [the] whole economy a Ponzi scheme?

In fact – as we’ve noted for 4 years (and here and here) – the banking system is entirely insolvent. And so are most countries. The whole notion of one country bailing out another country is a farce at this point. The whole system is insolvent.

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Source Article from http://www.secretsofthefed.com/the-entire-economy-is-a-ponzi-scheme/

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The Entire Economy Is a Ponzi Scheme

0
0

ponzi scheme

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme.



Former Reagan budget director David Stockton just agreed:

 

So did a top Russian con artist and mathematician.

 

Even the New York Times’ business page asked, “Was [the] whole economy a Ponzi scheme?

In fact – as we’ve noted for 4 years (and here and here) – the banking system is entirely insolvent. And so are most countries. The whole notion of one country bailing out another country is a farce at this point. The whole system is insolvent.

Comments

comments

Source Article from http://www.secretsofthefed.com/the-entire-economy-is-a-ponzi-scheme/

You can leave a response, or trackback from your own site.

Leave a Reply

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