Peter Schiff exposes the Obama plan to build another bubble and a US dollar collapse. The squawkers on Squawk Box should just keep their beaks shut and listen to peter who has been right on target since 2004 at least.
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Just my preferencial definition of PONZI schemes:
WALL STREET, FORTUNE 500, MEDI-CARE, SOCIAL SECURITY, INSURANCE -- ALL -- ARE PONZI SCHEMES!!!
Defining $lavery Exchange Ponzi Eugenics for the Feebleminded:
In 1920 an Italian immigrant Charles Ponzi introduced an investment scheme in Boston that amounts to an expanding game of musical chairs, in which one must buy a chair for someone else in order to join the game, the price of a chair is ever rising (so that eventually, it will be unaffordable), the last people to join the game never get a chair, the number of players always far exceeds the number chairs, and none of the players create anything of worth by way of participation.
~~ exponential-yewgenics.co.nr ** on the armigideon-titanic.co.nr ~~
Any investments that take money OUT of a local or regional economy, to be 'traded' on a 'stock market' ($slavery Exchange) ARE EXPONENTIAL-YEWGENICS PONZI SCHEMES...
JMCSwan...
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