The problem is getting runaway. It’s becoming a pure Ponzi scheme. It’s very nonlinear: You need more and more debt just to stay where you are. And what broke Madoff is going to break governments. They need to find new suckers all the time. And unfortunately the world has run out of suckers.

Nassim Taleb: “The Government Debt Is Becoming A Pure Ponzi Scheme” | zero hedge


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