March 30, 2010

Borrowing, Interest Payments And Further Borrowing

"We borrow money and then when the interest payments are due we borrow money to pay the interest...It is one gigantic Ponzi scheme."

in Market Oracle

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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