Comments on: The United States: The Largest Ponzi Scheme in the World http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/ Covering the economy, global markets and world politics. Sun, 22 Nov 2009 09:36:11 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Larry Guidi http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-1197 Larry Guidi Wed, 25 Feb 2009 20:35:26 +0000 http://dailyreckoning.com/?p=11714#comment-1197 Bill,Enjoyed your comments about gold. I would like to fill you in on a very unique Joint Venture project I am involved with in the Gold Ore Concentrate arena. The recovery results that our metallurgist is getting is staggering. You would not believe it if I told you the yields per ton. Would you email me so I can fill you in? Bill,Enjoyed your comments about gold. I would like to fill you in on a very unique Joint Venture project I am involved with in the Gold Ore Concentrate arena. The recovery results that our metallurgist is getting is staggering. You would not believe it if I told you the yields per ton. Would you email me so I can fill you in?

]]> By: Jim Richard http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-971 Jim Richard Sun, 22 Feb 2009 23:32:36 +0000 http://dailyreckoning.com/?p=11714#comment-971 In 1965 I learned about karma. It is not about "good" or "bad", but I could see that its effects are vast and very long lasting. It was clear then that our economic desires were self-destructive. So here we are. A broken financial system and a broken eco-system. We have no choice but to experience its full course and forget about blame. We, after all, were the cause. Seriously. We will be healthy only when we accept responsibility for it and let go of it. Jim Richard In 1965 I learned about karma. It is not about “good” or “bad”, but I could see that its effects are vast and very long lasting. It was clear then that our economic desires were self-destructive.
So here we are.
A broken financial system and a broken eco-system. We have no choice but to experience its full course and forget about blame. We, after all, were the cause. Seriously. We will be healthy only when we accept responsibility for it and let go of it.
Jim Richard

]]> By: Greg http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-940 Greg Sun, 22 Feb 2009 12:48:07 +0000 http://dailyreckoning.com/?p=11714#comment-940 Wow what a great read, nice one Bill! Putting some of these big scammers behind bars or at the very least finig them would be a nice start to bring some justice to the whole fiasco. Wow what a great read, nice one Bill! Putting some of these big scammers behind bars or at the very least finig them would be a nice start to bring some justice to the whole fiasco.

]]> By: Jeff Nabers http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-858 Jeff Nabers Fri, 20 Feb 2009 19:50:29 +0000 http://dailyreckoning.com/?p=11714#comment-858 I have heard much about how stock indices regularly shuffle the stocks that are in the index. Can you point me to any hard data or reports that show this shuffling? Jeff I have heard much about how stock indices regularly shuffle the stocks that are in the index. Can you point me to any hard data or reports that show this shuffling?

Jeff

]]> By: jt http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-857 jt Fri, 20 Feb 2009 19:31:08 +0000 http://dailyreckoning.com/?p=11714#comment-857 Former Fed Chairman Alan Greenspan told Congress in October he was "shocked" America’s banking system had “broken down” and confessed, "I still do not understand why it happened." He still professes to be mystified today http://www.washingtonpost.com/wp-dyn/content/article/2009/02/17/AR2009021703041.html">(see here)</a> -- and the <a href="http://www.stockresearchportalblog.com/2009/02/greenspan-shows-once-again-he-wasn%e2%80%99t-at-20000-feet" rel="nofollow">Stock Research Portal Blog</a> accuses him of disingenuousness, because he "must have known his policies had put the U.S. on a 'road to economic disaster' long before August 2007." And if he didn’t? "He ought not to have occupied the position he did." Former Fed Chairman Alan Greenspan told Congress in October he was “shocked” America’s banking system had “broken down” and confessed, “I still do not understand why it happened.” He still professes to be mystified today http://www.washingtonpost.com/wp-dyn/content/article/2009/02/17/AR2009021703041.html“>(see here) — and the Stock Research Portal Blog accuses him of disingenuousness, because he “must have known his policies had put the U.S. on a ‘road to economic disaster’ long before August 2007.”
And if he didn’t? “He ought not to have occupied the position he did.”

]]> By: StingingNettle http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-856 StingingNettle Fri, 20 Feb 2009 18:38:05 +0000 http://dailyreckoning.com/?p=11714#comment-856 I liked yesterdays 5 min. "With that in mind, “It may be necessary to temporarily nationalize some banks,” uttered Alan Greenspan yesterday, “in order to facilitate a swift and orderly restructuring.” Incredibly, leaders of the world are still looking to this man for advice." I liked yesterdays 5 min. “With that in mind, “It may be necessary to temporarily nationalize some banks,” uttered Alan Greenspan yesterday, “in order to facilitate a swift and orderly restructuring.” Incredibly, leaders of the world are still looking to this man for advice.”

]]> By: Dirk W. Sabin http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-850 Dirk W. Sabin Fri, 20 Feb 2009 16:42:42 +0000 http://dailyreckoning.com/?p=11714#comment-850 Gee, if only the Soviets would have had Reserve Currency Status they could have printed their way into prolonged dysfunction as well and we could still have the Cold War and everything would be swell again. Greenspan, ...doesn't he have a Clarinet to keep him occupied? Gee, if only the Soviets would have had Reserve Currency Status they could have printed their way into prolonged dysfunction as well and we could still have the Cold War and everything would be swell again.

Greenspan, …doesn’t he have a Clarinet to keep him occupied?

]]> By: pagehype.com http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-846 pagehype.com Fri, 20 Feb 2009 15:49:23 +0000 http://dailyreckoning.com/?p=11714#comment-846 <strong>The United States: The Largest Ponzi Scheme in the World...</strong> “Greenspan backs nationalization,” says a headline. Well, that does it for us here at The Daily Reckoning. If Greenspan is in favor of it, we’re against it. No one man bears more responsibility for the present worldwide financial crisis and comi... The United States: The Largest Ponzi Scheme in the World…

“Greenspan backs nationalization,” says a headline.

Well, that does it for us here at The Daily Reckoning. If Greenspan is in favor of it, we’re against it. No one man bears more responsibility for the present worldwide financial crisis and comi…

]]> By: greg ottinger http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-834 greg ottinger Fri, 20 Feb 2009 10:50:08 +0000 http://dailyreckoning.com/?p=11714#comment-834 bill's firing on all cylinders today and i too, vote for self sufficiency as the only rational response to being chumped by the system. screw the system, screw the middleman for they exist only at the expense of the chumps. people are slowly imo, awakening to the horrors bonner describes so well. as he describes the right/left brain battle of smelling a rat, finding rat turds, finding a rat's nest but never actually sighting the biggest rat in the house - his name is big al and he is from chicago. okey, doakey - that's just reality and so whats a fella to do? for me, it's simply adopting the attitude of america of 100+ years ago which was being personally responsible for one's well being. no system is going to help you, the system can only screw people and once you see that, the rest is easy. take up gardening/cooking and home repair as your hobbies. love thy neighbor, you don't have to like them, but they have valuable skills to share. like maybe they can do plumbing while you can maybe chainsaw brush. i mean, how many chainsaws does a neighborhood need? everyone can do something and as times get tougher, the tough get lean and mean with the money machine as they band together in local mini-microeconmies. yo bill, thanks man, you write so well, at ease in nicaragua. easy reading is hard writing so thanks. we are indeed lucky to have the internet to support our research and development of self sufficiency. silly sage of sunnyside california bill’s firing on all cylinders today and i too, vote for self sufficiency as the only rational response to being chumped by the system. screw the system, screw the middleman for they exist only at the expense of the chumps. people are slowly imo, awakening to the horrors bonner describes so well. as he describes the right/left brain battle of smelling a rat, finding rat turds, finding a rat’s nest but never actually sighting the biggest rat in the house – his name is big al and he is from chicago.

okey, doakey – that’s just reality and so whats a fella to do? for me, it’s simply adopting the attitude of america of 100+ years ago which was being personally responsible for one’s well being. no system is going to help you, the system can only screw people and once you see that, the rest is easy.

take up gardening/cooking and home repair as your hobbies. love thy neighbor, you don’t have to like them, but they have valuable skills to share. like maybe they can do plumbing while you can maybe chainsaw brush. i mean, how many chainsaws does a neighborhood need? everyone can do something and as times get tougher, the tough get lean and mean with the money machine as they band together in local mini-microeconmies.

yo bill, thanks man, you write so well, at ease in nicaragua. easy reading is hard writing so thanks. we are indeed lucky to have the internet to support our research and development of self sufficiency.
silly sage of sunnyside california

]]> By: Michael Cash http://dailyreckoning.com/the-united-states-the-largest-ponzi-scheme-in-the-world/#comment-824 Michael Cash Fri, 20 Feb 2009 06:20:42 +0000 http://dailyreckoning.com/?p=11714#comment-824 Yup, pretty sad when it's all perfectly legal and everyone's just going to "get away with it". America's recent bailouts are just the beginning of an unprecedented government spending spree and I agree... they aren't going to do any good. If anything, it's even more reason to own precious metals. It seems the rush to buy platinum, gold, and silver has gone worldwide, including a recent platinum shortage in Japan and metal shortages in other countries as well. As governments devalue their currencies, this demand (and the prices) will only go higher. It's a good time to buy precious metals, now that they've broken out of the price bases. Look to buy on dips. The precious metal bull market has lots of room to run and it's starting to take off again. Happy Investing. Yup, pretty sad when it’s all perfectly legal and everyone’s just going to “get away with it”.

America’s recent bailouts are just the beginning of an unprecedented government spending spree and I agree… they aren’t going to do any good. If anything, it’s even more reason to own precious metals.

It seems the rush to buy platinum, gold, and silver has gone worldwide, including a recent platinum shortage in Japan and metal shortages in other countries as well. As governments devalue their currencies, this demand (and the prices) will only go higher.

It’s a good time to buy precious metals, now that they’ve broken out of the price bases. Look to buy on dips. The precious metal bull market has lots of room to run and it’s starting to take off again.

Happy Investing.

]]>