3 ms·
re: "the wheels continue not to fall off" Then what was the 2007 / 2008 bail out? And the Covid "bail outs" (on the part of the Fed)? But yes, a Ponzi Scheme
by chiefalchemist 3y ago
re: "the wheels continue not to fall off"
Then what was the 2007 / 2008 bail out?
And the Covid "bail outs" (on the part of the Fed)?
But yes, a Ponzi Scheme looks perfectly fine... until it doesn't.
Keep in mind, this financial vehicle isn't standing still. Once the wheels come off, there will be plenty of sparks, with plenty of flammable liquid nearby.