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| Episode #449 - Global Ponzi Scheme (Systemic Fraud and the Corporate Occupation) |
| ⌚ Sun 8 February 2009 ☻ Max Keiser, Stacy Herbert, Harry Markopolos |
 Download Hour1 Download Hour2 An 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
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