JANE BURGERMEISTER REPORT:'”EUROPE IS RUNNING A GIANT PONZI SCHEME”: ASTONISHING REPORT IN FINANCIAL TIMES ADMITS EUROZONE BAILOUTS ARE A PUBLIC-SECTOR PONZI SCHEME’
Mario Blejer, a former governor of Argentina’s central bank, has said that the eurozone bailouts are being running as a giant Ponzi scheme and that EU taxpayers are going to end up picking up the bill in an astonishing report in the Financial Time.
The report was pinted on May 5th and even carries the headline: “Europe is running a giant Ponzi scheme.” Could it be stated any clearer?
The implications of a leading figure in the world of finance stating that the eurozone is being run as a “public sector” Ponzi scheme looting the tax payers are staggering, and should surely lead to a criminal probe.
If Bernie Maddoff went to jail for running a private Ponzi scheme, why aren’t ECB chief Jean- Claude Trichet, ESMF chief Klaus Regling, and Deutsche Bank chief Josef Ackermann not in jail since they are playing such a key role in the much bigger, criminal, public sector eurozone Ponzi scheme?
Readers of this blog will be familiar with the reasons for considering the eurozone bailout to be part of a gigantic ponzi scheme, but when a major mainstream newspaper prints a report like this by a former central bank governor it represents a turning point. It also strongly suggests that the inevitable collapse of the euro Ponzi scheme is approaching very fast. Read more of this post
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