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Wall Street Running Out Of Suckers

Sunday, August 28, 2011 - 8:59 AM
  The world of international finance, as it is practiced today, is a giant Ponzi scheme. The largest and most powerful Ponzi scheme in history. One of the first Ponzi schemes in history to actually be supported by the political leaders of the world.

  However, all Ponzi schemes must end poorly. They are designed with built-in failure. A Ponzi scheme only works when it increases in value. You can't have -suckers- investors selling.

http://www.dailykos.com/story/2011/08/27/1010924/-Wall-Street-running-out-of-suckers
3
ShorebreakShorebreak2,375 posts since
Apr 6, 2010
Rep Points: 12,681
1. Sunday, August 28, 2011 - 9:18 AM
Thanks, SB, good artical.  One of the few that I believe carries some truth.  Only that in this particular Ponzi scheme, there is not a single "planner" for it.  It is a master piece of ignorant potiticians, greedy wall street constituents, and of course, the billions of suckers (essential for the success of any Ponzi scheme - to have takers); unknowingly synergizing into a perfect storm.  The poor military personnel will be the last group to join the parade, if not already.

What can we (as the general public) do (as a bottom line) at the end of the day?  Reduce equity level gradually, but as much as possible (say 5%), sit back, and enjoy the show:D  Nothing less and nothing more.   
4
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
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