Wow. Neil Record is on the record in (correctly) stating that Public sector pensions are a ponzi.. he's brave.
Some books I read over the years, The money bubble by James Turk and John Rubino. Planet Ponzi by Mitch Feierstein . The New empire of debt by Bill Bonner & Addison Wiggin. The party's over by Richard Heinberg.
Basically I read these over the last 10 to 14 years and couldn't believe how this ponzi bubble could go on.. especially with the incalculable derivatives piled on top of exponentially growing debt.. well wasn't I naive.
I listened to Palasade gold's Tom interview with Tim Price the other day. Tim said that when he wrote his book War on cash 2015/16 he was desperate to get it out as he thought the system could collapse any time.. and here we are 8+ years later as they still kick the can and create ever more elaborate scams ... Rona cough cough.. to give them cover to Zirp and burrrr!
I just don't know any more how long this can be kept up.. They will pull the plug when it will have the most benefit to their agenda.. when that will be who knows.
Sooner or later, we sit down to a banquet of consequences.
Robert Louis Stevenson (ca. 1885).
Wow. Neil Record is on the record in (correctly) stating that Public sector pensions are a ponzi.. he's brave.
Some books I read over the years, The money bubble by James Turk and John Rubino. Planet Ponzi by Mitch Feierstein . The New empire of debt by Bill Bonner & Addison Wiggin. The party's over by Richard Heinberg.
Basically I read these over the last 10 to 14 years and couldn't believe how this ponzi bubble could go on.. especially with the incalculable derivatives piled on top of exponentially growing debt.. well wasn't I naive.
I listened to Palasade gold's Tom interview with Tim Price the other day. Tim said that when he wrote his book War on cash 2015/16 he was desperate to get it out as he thought the system could collapse any time.. and here we are 8+ years later as they still kick the can and create ever more elaborate scams ... Rona cough cough.. to give them cover to Zirp and burrrr!
I just don't know any more how long this can be kept up.. They will pull the plug when it will have the most benefit to their agenda.. when that will be who knows.