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 –
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.