From UnwelcomeGuests
(Redirected from 449)
Jump to: navigation, search


#445#446#447#448 Episode #449 - Global Ponzi Scheme
(Systemic Fraud and the Corporate Occupation)

#450#451#452#453

449.jpg

Sun 8 February 2009  Max Keiser, Stacy Herbert, Harry Markopolos
Listen to hour#1 in New Tab (Right Click + Save As... to download)Listen to hour#2 in New Tab (Right Click + Save As... to download)
Download Hour1 Download Hour2An explanation of the Ponzi Scheme nature of the global financial system.
A ponzi scheme, or pyramid is one which directs wealth towards the tip by drawing from the base. The more wealth is drawn towards the tip the larger the base from which its drawn must be. As the need for a larger base expands exponentially, there will be a point at which no more greater fools to feed the expansion. The system will collapse, whether it is the investment fund of Bernard Madoff, a pyramid of financial derivatives built on infinitely rising real estate prices, or the very premise at the hear of capitalism, economic growth. In a finite world, nothing can grow forever. It can only grow by taking wealth from somewhere else, or taking it from the future.
Thanks to C-Span c-span.org
★ Start a Discussion about this episode (Login Required)
#443#444#445#446#447#448 To link to this episode, please use the short, permanent URL: http://UnwelcomeGuests.net/449 #450#451#452#453#454#455