rogerk2

Exploring Madoff's Ponzi Scheme Will Unveil the Causes of This Global Monetary Crisis

So far, the commenters still haven't seen the really big picture...the whole world economy is a Ponzi scheme, taking money from future "investors" to pay for stuff current investors demand.

In the US, and world wide, we're underfunded for future needs in health care, education, energy, environment, and retirement, to name a few. We are spending money we don't have today, in all these areas, and expecting future generations to pay it off, in addition to saving for their own needs. Good luck.

In today's reality, everybody is running a Ponzi of some sort. Paying by credit card instead of cash. Buying a house with a 30-year mortgage. Borrowing against your house to buy stock or a new car. It's all a "buy now, pay later" deal, with huge penalties if you can't pay on time.

The world's economy is based on people spending more than they currently have, going into debt to the bankers, and spending the rest of their lives paying high interest and low principle on the maximum amount of debt possible. This is just the current version of the "indentured servitude" model the dark overlords have been using for thousands of years.