The Entire Economy Is a Ponzi Scheme. The Global Financial System is InsolventSubmitted by Bob-45 on Sat, 04/13/2013 - 17:41
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?”
The whole notion of one country bailing out another country is a farce at this point. The whole system is insolvent.