"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
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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