Home » Posts tagged 'ponzi scheme' (Page 2)
Tag Archives: ponzi scheme
Is Lebanon’s central bank a Ponzi scheme ?
Is Lebanon’s central bank a Ponzi scheme ? The situation in Lebanon is deteriorating. Traffic lanes have all been reopened, but a rift has emerged between those who favour the free flow of traffic and the road blockers. The Free Patriotic Movement of President Michel Aoun, the Shiite Amal Movement of parliament speaker Nabih Berri […]
Canada’s “Enron-style” Economics: Most Wealth Redistribution Occurs Off the Books
Canada’s “Enron-style” Economics: Most Wealth Redistribution Occurs Off the Books The Trudeau Administration’s reappointment of Bill Morneau as the country’s Finance Minister last week was by far its most important. During his first term, Morneau managed to hold together a shaky Canadian economy, which for the past three decades has relied on driving borrowing and […]
New COMEX Pledged Gold – Shrinking the Pool of Registered Inventory
New COMEX Pledged Gold – Shrinking the Pool of Registered Inventory For those who have at times struggled to understand the difference between COMEX inventory categories ‘registered gold’ and ‘eligible gold’, now your head can spin even more, since the CME’s COMEX has just introduced a new category – ‘pledged gold’. This pledged category was […]
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money
U.S. SHALE OIL INDUSTRY: Not In The Business To Make Money, But To Take Money The U.S. Shale Oil Industry has been a financial trainwreck since day one. And, with nearly $300 billion in public and private debt racked up by the shale industry since its inception, that hasn’t stopped investors from throwing good money after […]
U.S. Public Debt Surges By $175 Billion In One Day
U.S. Public Debt Surges By $175 Billion In One Day After the U.S. Government passed the new budget and debt increase, with the President’s signature and blessing, happy days are here again. Or are they? As long as the U.S. Government can add debt, then the Global Financial and Economic Ponzi Scheme can continue a […]
Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme
Pension Ponzi Bailout: Democrats Sponsor US Treasury Bailout Scheme Most defined benefit pension plans are nothing but Ponzi schemes. Plans are now unraveling because of demographics. An increasing number of retirees, needing untenable returns, are supported by fewer and fewer people putting money in the system. Democrats sponsored a bailout scheme. Will it pass? Pension […]
It Begins: Pension Bailout Bill To Be Introduced This Week
It Begins: Pension Bailout Bill To Be Introduced This Week Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a […]
My prediction: the coming collapse of China’s Ponzi scheme economy
My prediction: the coming collapse of China’s Ponzi scheme economy So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down Friends who have a greater interest than I do in reading the tea leaves in Beijing tell me that […]
Why The Shale Oil “Miracle” Is Becoming A “Debacle”
klublu/Shutterstock Why The Shale Oil “Miracle” Is Becoming A “Debacle” Dispelling the magical thinking behind the hype Energy is everything. This is an amazingly important concept. Yet it’s almost universally overlooked. Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of […]
A Japanese Ponzi Scheme?
A Japanese Ponzi Scheme? TOKYO – In the early years of the twentieth century, Charles Ponzi, an Italian migrant to North America, had a seemingly brilliant moneymaking idea. He would offer huge returns on worthless investments, thereby convincing a growing number of people to give him their money, which was used, in lieu of profit, […]
“We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person” | Zero Hedge
“We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person” | Zero Hedge. One of the most important Zero Hedge posts of the last few years was “The “Muddle Through” Has Failed: BCG Says “There May Be Only Painful Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped […]
