Business news without the bullshit

The Ultimate Ponzi Scheme

from the founder of

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

How we got where we are

Where are we?

We've got:

1. Mountains of debt that can't possibly be paid off.

2. An economy dependent on ever-expanding debt which cannot go on forever

3. Rolling frauds...the doctcom "boom", the subprime "boom", and now the "boom" being created by the Fed bailing out the Big Banks that lost money in their own scams.

The root of all evil?

Fractional reserve banking and the Fed.