Time to End the Era of Ponzi Finance

Time to End the Era of Ponzi Finance
BBW

It’s not surprising that many Americans, while curious perhaps, have been more or less ambivalent about the plight of Cyprus and earlier casualties of Europe’s financial meltdown.

Even with our own continuing economic and debt problems, many Americans—including serious investors and business leaders—remain persuaded that it can’t happen here. Somehow, America always manages to pull the magic rabbit out of the hat.

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