PONZI Finance Recipe for Economic Catastrophe, Gold Not a Bubble
By: Ty Andros
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. The idea that asset values (malinvestments) or economies are going to resume growth or achieve pre-2008 levels is FALSE. Extend and pretend is DEAD, political lies are being exposed for what they are: Deception of the dumbest among us who swallow them hook, line and sinker and who then place their trust in government to solve problems they themselves should be solving. Let’s look back at a chart of the percentage of GDP the West’s social welfare states CONSUME and then MISALLOCATE to the unproductive and crony capitalist elites: