PONZI SCHEME : n.
"A fraud disguised as an investment opportunity, in which initial investors and the perpetrators of the fraud are paid out of funds raised from later investors, and the later investors lose all funds invested..."
"A fraud disguised as an investment opportunity, in which initial investors and the perpetrators of the fraud are paid out of funds raised from later investors, and the later investors lose all funds invested..."
The stock market is a ponzi scheme too, when the market no longer can rise on it's own as NEW FUNDS committed DRY UP.....it's a game of musical chairs to the exit. PRICES CRASH as bids are hard to find.
IMHO we are VERY CLOSE if not there now to a scheme where should the bids dry up, ALL THAT LEVERGAE used to manipulate this market rally should slow to a trickle (FED HAS ANNOUNCED AN EXIT STRATEGY TO THEIR QE as such) the only bids will be themselves...because as shown previously with direct connection between RISING STOCKS AND THINGS and the death spiral of the US $.
I have taken a small position in SDS a few days ago, when I put my BEAR PHOTO up, with 3% $ BULLS and end of FED meeting where it was hinted time may be up for QE, and my OWN TA this seemed to be the place.
No top calling, no name calling, no trend calling......look at the chart impassionately, make a call......don't get up in the PONZI SCHEME.
banks are HIDING their BAD ASSETS....in the $TRILLIONS.....like a VAMPIRE they must be exposed to the light of day........burned asunder.....then maybe we can repair and move on.
Commercial properties are next....lots of mortgage resets.....YOU tell me how we can afford to throw even more DEBT LOGS onto the fire....to lift our economy up? READ KD's piece, you will understand better the position we are in. THE FED is run by a bunch of idiots....if they say " we didnt see this coming...." one more time.....see the Bernanke video I put up.....and now this CLOWN is leading us out?..what out of the tunnel into the colliseum?
Duratek
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