Thursday, September 01, 2016

Michael Lewitt: "We're In The Late Stages 
Of Ponzi Finance"
".. government policies have failed and are failing .. They’ve tried to solve the debt crisis by printing trillions of dollars of more debt .. They’ve added on top of that hundreds of billions of regulations or new regulatory costs, and somehow they expect the economy to grow under the weight of those burdens .. The worst thing about the debt buildup is borrowed money isn’t being used for productive ends .. You couldn’t design this worse if you tried .. Low-interest rates cover up a lot of things, but eventually you have to pay the money back .. We have a system where the most powerful agency in the world, the Federal Reserve, operates without checks and balances .. We should discourage debt .. We should encourage equity. We should discourage speculation. We should encourage productive investment."
LINK HERE to the article

No comments: