Another wave of selling in stocks lifted Treasuries, as the buying panic in that market was once again reignited. The powers that be are using stock markets around the world as a liquidity sink from which to generate enough cash to continue to support the Treasury Ponzi scheme. Without fear and panic, that scheme...
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Posts Tagged ‘ Ponzi Scheme ’
Stocks Sink Providing Cash for Treasury Ponzi – Professional Edition
Obie Drinks the Kool Aid, What Would Shakespeare Say?
I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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Like Giving Speeding Tickets at the Indy 500
“It’s a proprietary strategy. I can’t go into it in great detail.”- Bernard Madoff
The latest in the growing list of scams and scandals takes the cake. The Bernard Madoff Ponzi Scheme promises to single handedly deliver the coup de grace to the Yacht and Golf Club plutocratic crowd, finishing what the Panic didn’t. This...
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Mr. Bernanke, Tear Down This Ponzi Scheme – Professional Edition
FCBs dumped a massive amount of GSE paper this week, continuing a 10 week string of panic selling during which they have unloaded $148 billion of their GSE holdings. I had long warned that if the FCBs ever ended their subsidy of the US mortgage market, the financial system would collapse. When we look...
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