Thursday, June 14, 2012

Ponzi Bonds

Lunatic fringe
In the twilight's last gleaming
This is open season
But you won't get too far
--Red Rider

Fed purchases and Treasury sales of bonds are now so close to one another that anyone can now observe monetization of debt in real time. Hard to imagine that history does not look back on this time in wonderment.

Ponzi on a national scale...

position in BOND
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1 comment:

dgeorge12358 said...

This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that.
~John Perkins

June 14, 2012 at 4:32 PM

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