Friday, May 21, 2021
The Keynesian Ponzi Scheme
The balance sheet of the FED has now soared to $7.923 trillion. Next week it will cross $8 trillion, and by 2022 it is certain to surpass $10 trillion. Add to this the high balance sheets that the central banks in other nations, especially the democratic ones, are running. We are living in the age of the greatest ponzi scheme in history. When this ponzi scheme goes bust, which will be quite soon, it will hit human life on this planet with the force of a giant meteor. The world economy will be finished. A great depression like condition will prevail for at least thirty years. The Western countries, which have a consumer driven economy, will be the hardest hit. But look at the bright picture: With all these miseries we will finally disprove the Keynesian theory of economics.
Posted by Anoop Verma at 8:47:00 PM