Tuesday, February 10, 2009

Madoff, Madoff, Everywhere

Published in the Industrial Economist, Feb 2009

Why the Madoff issue is not an isolated incident... there are a host of other Ponzi schemes operating around us such as the Fractional Reserve Banking System as I have explained. But the mother of all the Ponzi schemes has to be the "US Economy" itself. The next few years is going to be fun for people who can understand this.

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