Ponzi scheme

investorzzo's picture
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Prosecuting wall street fraud: the US economy is a giant ponzi scheme

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme. Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis.

Septimus's picture
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Big Surprise for 2011

I received this presentation link in an email because I am on the Washington's Times email list. It is from Stanberry research (I have nothing to do with them) and does toot their own horn BUT, it also fits right in with Chris Martenson's  (and most of our) outlooks on money and what is happening with the U.S. dollar. I just listened to it and would love to hear your thoughts on it.

citizenal's picture
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The Fed is a Ponzi Scheme

I am taking the liberty of posting the following contribution under “General Discussions and Questions” because, from my perspective, it is an factual expose of what the Fed is and what it is all about which should be of great interest to all Americans and every other person in the world.  The basis of this discussion is, most definitely, not a conspiracy theory, but instead, cold hard deplorable facts we are forced to live with every day. - citizenal   

investorzzo's picture
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“Myths” Paul Krugman does not want to talk about

I have been telling you for months there is going to be a double dip in the economy.  Nobel Prize Winning economist Paul Krugman also thinks the economy is so bad we need to keep on stimulating the economy.  In a New York Times Op-Ed piece last week, Krugman said, “. . . somehow it has become conventional wisdom that now is the time to slash spending, despite the fact that the world’s major economies remain deeply depressed.”  In short, cut backs, or austerity, is not what the economy needs right now.

investorzzo's picture
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"A gigantic ponzi scheme, lies and fraud": Howard Davidowitz on wall street

Nice to see the word is getting out "ponzi scheme" now on mainstream.

http://finance.yahoo.com/tech-ticker/%22a-gigantic-ponzi-scheme-lies-and...

investorzzo's picture
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How to spend $1.5 trillion without congressional approval

How to spend $1.5 trillion without Congressional approval

Step 1: Federal Reserve purchases $1.5 trillion in Fannie Mae and Freddie Mac securities, creating $1.5 trillion of monetary base to pay for these purchases.

Step 2: U.S. Treasury quietly announces unlimited support for Fannie Mae and Freddie Mac on December 24, 2009, exploiting a loophole in a 2008 law that was originally written to insure a maximum of $300 billion in total mortgage principal (not losses, but principal).

Robbrian's picture
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The Web of Debt

Chris has added his genius to that of others on the subject of financial limits.  The population at large still remains unaware of the peril about to consume this world. If there is a solution that can be politically acceptable it must come from historical precedent, as a variant of what once worked and with adaptation can be modernized to accommodate today's complex world. Such solutions can be found in a wonderful book authored by Ellen H. Brown and is a perfect compliment to Chris's Crash Course Series.

investorzzo's picture
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Everything the Government runs is Bankrupt

The best 90 second explanation of the differences between government and private enterprise that you will ever hear!

http://economycollapse.blogspot.com/2009/08/judge-napolitano-on-glenn-be...

investorzzo's picture
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Secrets of the Ponzi scheme!

Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

http://economycollapse.blogspot.com/2009/07/federal-reserve-is-ponzi-sch...

investorzzo's picture
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Another Victim of America's Ponzi Scheme Economy

Meanwhile, working-class Americans have been left out of the picture. In fact, because there is a finite amount of wealth to divide, it’s clear that America’s wealthy elite and much of the developing world have seen their living standards increase at the expense of working-class Americans.