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alstry (34.93)

Our Economy Has Morphed Into A Ponzi Scheme

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May 17, 2012 – Comments (3)

As technology is rapidly replacing the need for human jobs and financial deleveraging is driving the Zombulation of the industrial age....

$100 BILLION DOLLARS OF QUESTIONABLE PROMISES THAT NOBODY KNOWS WHETHER THEY ARE POSSIBLE TO FULFILL

A dollar bill, a mortgage, a share of stock, a bond, or a securitized asset....all simply pieces of paper evidencing future promises that are becoming increasingly impossible to fulfill absent creating more promises.

Anyone ever heard of a ponzi scheme?

JPMorgan unit has $100 billion in securitized assets, structured debt: FT

3 Comments – Post Your Own

#1) On May 18, 2012 at 10:49 AM, drgroup (69.48) wrote:

"Anyone ever heard of a ponzi scheme?"
Yeah, the US Govt'...


 

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#2) On May 18, 2012 at 11:15 AM, LoweryDaniel (< 20) wrote:

what Brenda replied I am alarmed that any body able to earn $5907 in four weeks on the internet. did you read this site link (Click on menu Home more information)  http://goo.gl/QFGdp

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#3) On May 18, 2012 at 11:16 AM, LoweryDaniel (< 20) wrote:

what Marjorie responded I am shocked that some people can make $4286 in a few weeks on the internet. have you seen this site (Click on menu Home more information)  http://goo.gl/v8jwz

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