Giant Ponzi Scheme

This dude is a British politician.  He is pretty funny and rather refreshing as he tells the truth that we all want to hear when it comes to the finances of the world....."THE WHOLE THING IS A GIANT PONZI SCHEME!", he says.

Watch it here;  http://www.youtube.com/watch?v=zTN7hL5fgWo

Yep...the only folks buying Spanish bonds are Spanish banks...that's a scheme.

Yep....Italy borrowed money from Germany to stay afloat but now Italy has to pony up money for the Greek bailout...where do they get that money to bail out Greece?.....they will have to borrow that too!

  Another circular Ponzi scheme.

Hat tip to Julie E.