“Go to your bank and get your money out FAST!”
The Global Ponzi Scheme Part 1/2
An Argentine opinion on the Global Financial Crisis. Adrian Salbuchi describes the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model.
The four sides are:
(1) Artificially control the supply of public State-issued Currency.
(2) Artificially impose Banking Money as the primary source of funding in the economy.
(3) Promote doing everything by Debt.
(4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode.
