Showing posts with label Ponzi rulz. Show all posts
Showing posts with label Ponzi rulz. Show all posts

Friday, August 17, 2012

A perfect investment opportunity for Charly

Mr. Corzine, in a bid to rebuild his image and engage his passion for trading, is weighing whether to start a hedge fund, according to people with knowledge of his plans. He is currently trading with his family’s wealth. If he is successful as a hedge fund manager, it would be the latest career comeback for a man who was ousted from both the top seat at Goldman Sachs and the New Jersey governor’s mansion.

Wednesday, October 19, 2011

Mr Rot needs to come back, and pay up

$1 trilion here, $1 trillion there, and pretty soon you're talking real money.

Sunday, August 28, 2011

A winning campaign slogan: it's all a Ponzi scheme

I mean, sure, to a large extent--especially if we keep on spending like drunken sailors, and not producing much. But, but--is this the way to win in 2012?

Joys of quantitative easing

Another reason the Fed has put forward for its new QE reluctance, sotte voce, is politics. The mainstream consensus previously backing QE has collapsed. Republican presidential candidate, Rick Perry, declared that "further money printing" would be "treasonable" – a capital offence.
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Modern capitalism, at its core, relies on the public's trust of fiat money and the sanctity of contract. QE, a form of state-sponsored theft, makes a mockery of both those cardinal concepts.