Some Heavy Lifting To Start The Week.

The Ponzi Scheme

The Ponzi Scheme (Photo credit: Wikipedia)

These are two articles each one having a video in which many of the economic realities we talk about here are discussed in slightly different ways. The first is an article titled Opportunity Squandered: We Blew It, by Charles Hugh Smith, at, and the other is titled,You Are In The Ponzi Scheme Whether You Realize It Or Not, by Monty Pelerin’s World, at

I know your  most precious resource is time, and each of you only has a certain amount of time set aside  to read and be kept up to date on what is going on. Set some time aside to read the articles, but more importantly listen to the interviews. One is CHS talking with Gordon T. Long, and the second is an interview with John Robino and Gordon T. Long. Both talk about how the printing of counterfeit money, combined with artificially low-interest rates starts in a direction that F.A. Hayek said “leads to serfdom and poverty”.

Don’t start these unless you’ve set aside some time to listen to these two interviews. Here are some excerpts form the first article, Opportunity Squandered: We Blew It.

“The Federal Reserve’s number 1 project of bailing out the parasitic financial cartel with trillions of dollars in free credit has also failed spectacularly, as the banks can’t find any positive risk/return in loans except those that are guaranteed by the Federal government (FHA, Fannie Mae, etc.)”

“The Federal Reserve’s number 2 project of “saving” cartel-crony capitalism and its captured political class of toadies, apparatchiks and factotums by blowing asset bubbles has succeeded in setting up one violent crash after another.”

They have different ways of explaining concepts that we have covered here. Invest some time and listen to the interviews, it will result in deeper insight.

Explore posts in the same categories: Econ. 201

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