Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Bill Gross: We’ve Got a “Ponzi-Style Economy”

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

George Washington’s Blog
Friday, Jan 9, 2008

Bill Gross is managing director of the world’s largest bond fund, Pimco, which manages some $790 Billion Dollars in assets. Pimco also is managing the commercial-paper assets for the Federal Reserve as part of the government’s Commercial Paper Funding Facility program. As such, Pimco is in many ways an insider.

In his January 2009 Investment Outlook, Gross writes that it is not only Madoff who ran a Ponzi scheme, but the entire U.S. economy is a Ponzi-like scheme. He calls it “our Ponzi-style economy”.

(ARTICLE CONTINUES BELOW)

Bill Gross: Weve Got a Ponzi Style Economy 121208banner3

This may be obvious to many of us. But the fact that Gross said it is news.

This article was posted: Friday, January 9, 2009 at 4:26 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
James Foley Beheading: What They're Not Telling You See the rest on the Alex Jones YouTube channel.

CDC Reports On Safety Breach with Bird Flu Virus See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.