Thread: "Fraud is the business model"

There's no capitalism without capital and there's no capital without savings.

However, today capital is manufactured out of thin air. Another word for this is "fraud" and it now forms the basis of our financial system.

How long can this crooked Ponzi scheme continue?

It's hard to say, but history shows that financial systems rooted in financial fraud don't last forever.

If you think the economy is "recovering," this video will provide you with a much needed reality check.



http://www.brasschecktv.com/page/828.html


Kathyet

It will last as long as the US can find enough gullible investors, either locally but more probably overseas, who still believe we are an economic "miracle" and a good investment. Because we do have a significant track record--from past decades---this hype could go on for awhile until the final reckoning.

Sometimes, it takes people awhile to adjust to Reality.