April 05, 2009
An Argentine opinion on the Global Financial Crisis.
describes the whole
Global Financial System as one vast Ponzi Scheme. Like a
pyramid, it has four sides and is a predictable model.
The four sides are:
Artificially control the supply of
public State-issued Currency
Artificially impose Banking Money as the
primary source of funding in the economy
Promote doing everything by Debt
Erect complex channels that allow privatizing profits when the Model is
in expansion mode and socialize losses when the model goes into contraction