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He who thinks 'only' the Chinese stock market is a Ponzi sceme is very naive! The whole Western banking system is a Ponzi sceme and this includes Wall Street and most stock markets. These are going up because the trillions of freshly created fiat paper money seep into these as a consequense of communicating financial vessels. See goldonomic.com
Sep 01 09:44 am
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All Comments by Francis Schutte »Xie: Chinese Stocks Are a Ponzi Scheme [View article]