World’s Biggest Ponzi Scheme Induced By Ben Bernanke Is Getting Ready To Explode
Casey Research: An update on the coming “bond market crash”
This Ponzi scheme is getting ready to explode…
From Bud Conrad, Chief Economist, Casey Research:
It is my contention that the 70-year debt supercycle has come to an end.
To put the current financial situation in perspective, here’s a long-term history of the debt-to-GDP ratio, which reached a record high at the beginning of the current crisis. It was a dramatic change in 2009, unlike anything since the aftermath of the Great Depression.
The highest the debt-to-GDP ratio had previously been for the United States was 301% at the bottom of the depression in 1933 when GDP collapsed and debt was high. The level became unsustainable in 2009, despite low interest rates. Weak borrowers were signing up to finance houses that they thought would increase in price forever. The point of the chart is that this downturn is different from all the recessions since World War II.
Read more at http://investmentwatchblog.com
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Whistler Blowers, Insiders
Unsustainable in every way
And forever more, that’s how it will stay
That’s why insane debt is so incredible
That something so unsustainable
Thinks that we’re unsustainable too.
Nat King Bernanke
we give you a thankie
What a JOKE? “70-year debt cycle”? Cycles are supposed to repeat. Where is the slightest bit of evidence that 70 years after 70 years something repeats?
Plain and simple. The banksters CAUSED the economy to collapse 70 years (or so) ago and it JUST SO HAPPENS that they’re going to do it now because it just ended up that way. In each case they loosened the money supply, people speculated with it, and then when it’s called back people are forced to sell cheap and the Elite buy everything for pennies on the dollar to STEAL it again.
Save a nation…burn a bank today!