the government-bond market is a gigantic Ponzi scheme


 
    

"Let’s face it, the government-bond market in the West is a gigantic Ponzi scheme.  Most governments in the ‘developed’ world are drowning in debt, they are running mind-boggling budget deficits and printing money like there is no tomorrow."

Puru Saxena, Editor, Money Matters 11th February, 2010
http://www.financialsense.com/editorials/saxena/2010/0211.html

  

 

 

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2 Responses to the government-bond market is a gigantic Ponzi scheme

  1. Amida says:

    Gordon Brown, says yes dear, at home ~ to the rest of the world, HE IS A BULLY. Typical Scottish Male..We had one Called Robert Menzies eh?? ”Born to Rule,” what you get from sitting on a ”thistle!”

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