"Patriotism is a kind of religion; it is the egg from which wars are hatched." ~ Guy de Maupassant
Our Ponzi Economy
Submitted by William Muller on Mon, 2008-12-22 17:00
in
?The United States Government runs its own balance sheet based on the Ponzi principle as well...The whole scheme depends on an ever growing supply of new lenders, or the willingness of existing lenders, to continue to roll over maturing notes. Of course, as was the case with Madoff, if enough of our creditors want their money back, the music stops playing."
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