     |
|
|
|
Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review) Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here. BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)  RSS available
You are not signed on; if you are a visitor please register for a free account!
|
||
| MarketTicker Forums Single Post Display (Show in context) |
User: Not logged on
|
| Top | Login | Control Panel | FAQ | Register | Logout |
| User Info | More "Tanks In The Streets" Threats: Greece; entered at 2011-06-28 10:05:18 | |||
|
Donethat Posts: 771 Registered: 2009-04-22 
|
OK, so Greek tax (and non tax) payers and Greek FSA are participants in a PONZI scheme with Madoff/German/US Bankers running the casino. Default or not, the Greek tax payers and Greek FSA are still expecting the skittles. Which brings us to the US, with the debt default avoidance strategy of the FRB, the US is in the same Ponzi scheme. That 10 Trillion in US mortgage debt is not bona fide mortgage debt, some large fraction is Ponzi, say 5 Trillion. US mortgage debtors are part of the same FSA as US entitlement beneficiaries and wall street and beltway bandits. When a larger and larger fraction of the US economy is Ponzi supported by a Ponzi US federal debt expansion, when does Joe six pack start feeling the hangover? 2011-06-28 10:05:18
| |||