The Danger Debt Poses to the Western World

Today I found a article that I found interesting, especially in the current economic context: The Danger Debt Poses to the Western World
http://www.spiegel.de/international/world/0,1518,806772,00.html

Must of you probably know who was Carlo Ponzi, but I’m not sure that everyone knows the extent of uses of the now called “Ponzi scheme” by economists.

Here is an except from it :

Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable — or unwilling — to do anything about it. It is a global disaster that threatens the immediate future. But there might be a way out.

In the end, I would like to say to please read the article.

Advertisements

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: