Why we should all feel sorry for the 1% caught up in a runaway Ponzi scheme they can’t control.
Source – zerohedge.com
– “When in a hole, stop digging. But when in a bubble, keep blowing. – Not very ancient proverb”
– I think our ruling and wealthy elite are worried that they are stuck in their own ponzi scheme or bubble and are suffering from the general problem of all ponzis and bubbles – how to get out.
You see bubbles and Ponzi’s are fine as long as they keep going. As long as there are ever more suckers to recruit and as long as enough of those already in, remain confident and choose to stay in, there is no real reason a ponzi cannot go on and on. A perfect example is Madoff’s scheme. The weakness of all bubbles, ponzi or otherwise, is that all it takes is a rumour that it might be time to get out, that it might soon get difficult to get out, or…
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