Friday, June 11, 2010

PONZI Finance Recipe for Economic Catastrophe, Gold Not a Bubble

By: Ty_Andros    Jun 11, 2010

“The “When hope turns to Fear” moment (See 2010 Outlook “When hope turns to Fear” in Tedbits archives) is unfolding as we speak, as the tides of insolvency sweep over the social welfare states and financial systems of the developed world. It is the next leg down in the global financial crisis and what will come to be known as the greatest depression ever is commencing -- we are fascinated and astonished at what the main stream media is reporting and failing to report.“

“No amount of PONZI finance or money printing will rescue the Western world from its immorality masquerading as morality. SOCIALISM is IMMORAL and that is why it always FALLS into BANKRUPTCY. As Margaret Thatcher once said:”

“The problem with socialism is that eventually you run out of OTHER PEOPLE’S MONEY” - Margaret Thatcher

“Of course they now have.”

[…] "If core sovereigns such as the U.S., Germany, U.K., and Japan 'absorb' more and more credit risk, then the credit spreads and yields of these sovereigns should look more and more like the markets that they guarantee. The Kings, in other words, in the process of increasingly shedding their clothes, begin to look more and more like their subjects. Kings and serfs begin to share the same castle."- Bill Gross

“Bingo, and it actually is a SAND castle at this point.  The waves of history are about to wash over them like the tides.  Hanging like Damocles’ sword over these FRAUDSTER’s, they shall soon learn history’s lessons, as will investors who have placed their faith in banksters and Big wire houses (investment banks).  Developed world governments and their financial systems are operating in BANKRUPTCY; I hope you are not on the other side of this trade as you are now a creditor, not an investor…..  Although there is one thing you can count on them to do… PRINT the MONEY out of thin air and hand it back to you…”

No comments: