Aljazeera: US economics: One big Ponzi scheme

Discussion in 'Economics' started by bearice, Feb 22, 2011.

  1. I think 10% of world economy is ponzi.

    Madoff goes to prison for swindling several hundred people in his ponzi scheme, congress gets applauded in the media for swindling 300 million people in their ponzi scheme.

    Translation: The ponzi scheme will collapse without more money being pumped into the system to pay the bonds coming due.
     
    #11     Feb 24, 2011