Tomgram: Engelhardt, Going for Broke in Ponzi Scheme America

http://www.tomdispatch.com/post/176005/tomgram%3A_engelhardt%2C_going_for_broke_in_ponzi_scheme_america/

As that system, awash in plutocratic contributions to politics and taxpayer contributions to the military-industrial-homeland-security complex, morphs into something else, so will you, whether you realize it or not.  Though never thought of as such, your debt is part of the same system.  A society that programmatically trains its young into debt and calls that “higher education” is as corrupt as a wealthy country that won’t rebuild its own infrastructure.  Talk about the hollowing out of America: you are it.  No matter how substantial you may be in private, you are being impersonally emptied in what passes for the real world.

'Godfather' of Abenomics: Japan's sales tax hike must be delayed

http://www.telegraph.co.uk/finance/economics/11232512/Godfather-of-Abenomics-Japans-sales-tax-hike-must-be-delayed.html

Marc Faber, the famous Swiss investor, has accused Japan of "engaging in a Ponzi scheme" because the BoJ is hoovering up most of the debt that has been issued by the government. While Mr Hamada agreed that Japan had created a "mild ponzi game", he also said it was a "feasible" one because of Japan's huge foreign reserves.

“In a Ponzi game you exhaust the lenders eventually, and of course Japanese taxpayers may revolt. But otherwise there are always new taxpayers, so this is a feasible Ponzi game, though I'm not saying it's good.”

Someone please prove to me Japan's train wreck isn't about go off the rails.

12 Numbers About The Global Financial Ponzi Scheme That Should Be Burned Into Your Brain

http://theeconomiccollapseblog.com/archives/12-numbers-about-the-global-financial-ponzi-scheme-that-should-be-burned-into-your-brain

This Will Bring The Entire Global Ponzi Scheme To Its Knees

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/9_This_Will_Bring_The_Entire_Global_Ponzi_Scheme_To_Its_Knees.html

Collapse Of Western Ponzi Scheme To Send Gold Skyrocketing

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/23_Collapse_Of_Western_Ponzi_Scheme_To_Send_Gold_Skyrocketing.html

You Are In The Ponzi Scheme Whether You Realize It Or Not

http://www.economicnoise.com/2013/07/02/you-are-in-the-ponzi-scheme-whether-you-realize-it-or-not/

Western World’s Perpetual Motion Ponzi Scheme To Collapse

Spoken like a true Swiss non-banker.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/28_Western_Worlds_Perpetual_Motion_Ponzi_Scheme_To_Collapse.html

London Trader - The LBMA Is A Massive Ponzi Scheme

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/17_London_Trader_-_The_LBMA_Is_A_Massive_Ponzi_Scheme.html

Sprott - The Frightening Black Swan Nobody Is Talking About

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/21_Sprott_-_The_Frightening_Black_Swan_Nobody_Is_Talking_About.html

“It’s beyond the ability of governments to deal with all of these weak countries.  There are only one of two answers:  Yes, someone could print as much money as they want.  Maybe they could print $5 trillion and say, ‘We’ll back up all of the banking systems.’”

“And then one could maybe say the problem is solved.  Of course the problem is, if they print $5 trillion, everyone knows they can’t back it up with anything.  Then you will lose confidence in the currency and you will go into hyperinflation because people will realize that real things are safer than paper things, including bonds and stocks and things like that.

So there are only two choices, they’ve got to print or there are going to be some defaults, which is the natural offspring of a Minsky moment...

“Sooner or later you have to write off the debt or you have to inflate it away.

If they inflate it away, then the reason for gold and silver to go higher will be incredible.  If they deflate it away, the need for people to take their money out of banks so the depositor doesn’t lose money becomes all that more apparent.  And where do you put that money you take out of the bank?  Well, the logical thing is to have it in gold and silver.”

“My biggest black swan, Eric, is that I think I’ll be right one day.  My worry is that one day they just shut everything down.”   They say, ‘You know what, we just can’t keep this up anymore, the whole Ponzie (scheme), we just can’t do it and we shut it down.’  All of the markets freeze, and the stocks that you are short are never allowed to go where they were. 

They might cease gold trading, in the normal sense, or maybe they will even outlaw gold trading.  But that’s my biggest worry.  Because everything else, everything that one would theorize and watch, in practical terms, all (of it) argues for gold and silver to win the day.

Nigel Farage: "Listen! The Whole Thing's a Giant Ponzi Scheme!"

http://youtu.be/zTN7hL5fgWo

I'll Hold Yours If You Hold Mine: The Italian Ponzi Comes Home

http://www.zerohedge.com/news/ill-hold-yours-if-you-hold-mine-italian-ponzi-comes-home

Madoff: 'Whole government is a Ponzi scheme'

http://www.msnbc.msn.com/id/41825072/ns/business-us_business/t/madoff-whole-government-ponzi-scheme/#.TpNY9bJI7d4

Dylan Grice Deconstructs The "Perpetual Ponzi Machine" Of Global Finance, Sees Gold At $10,000 In A World Of Dishonesty

http://www.zerohedge.com/news/dylan-grice-deconstructs-perpetual-ponzi-machine-global-finance-sees-gold-10000-world-dishonest

Rick Santelli Tells Arch Globalization Advocate Friedman He Is An Idiot

http://www.zerohedge.com/news/rick-santelli-tells-arch-globalization-advocate-friedman-he-idiot

Economist Calls Entitlements A Massive Ponzi Scheme And Says US Is Actually $211 Trillion In Debt

In case, you missed it the first and second time around, here's another interview by Dr. Kotlikoff on our nation's true debt level. 

http://www.businessinsider.com/economist-says-us-is-actually-211-million-in-debt-2011-8

Cost to Insure U.S. “Ponzi Scheme” Against Default Rises Sharply

http://www.zerohedge.com/article/cost-insure-us-%E2%80%9Cponzi-scheme%E2%80%9D-against-default-rises-sharply

U.S. Treasuries 'Ponzi scheme': ex-PBOC official

http://www.marketwatch.com/story/us-treasuries-pozi-scheme-says-ex-pboc-adviser-2011-04-11?link=MW_related_stories

Bernie Madoff: JPMorgan Doesn't Have A Chance In Hell And HSBC And UBS Are Going To "Have Problems"

This should be interesting:  Bernie Madoff, convicted of running a multi-billion dollar Ponzi scheme, is ratting out JPMorgan, UBS, and HSBC, accusing them of moving hundreds of billions of dollars, presumably dirty money. 

http://www.businessinsider.com/bernie-madoff-jpmorgan-ubs-hsbc-2011-4#ixzz1IsAC

Peter Schiff On Fast Money: U.S. Gov't Running Biggest Ponzi Scheme In History

http://www.youtube.com/watch?v=v064y3N5Yag&feature=player_embedded

Bill Gross calls the Fed a Ponzi scheme

This won't put Bill Gross's PIMCO on the White House Christmas list, especially since the world's largest bond fund manager has been profiting from front-running the Fed.

http://www.zerohedge.com/article/bill-gross-calls-fed-mother-all-ponzi-schemes-says-30-year-bond-market-ending