Passive Ponzi—How Your Retirement Became the Collateral
“It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts.” — Murray N. Rothbard, The Mystery of Banking That quote is not a perfect description of index funds. […] The post Passive Ponzi—How Your Retirement Became the Collateral appeared first on LewRockwell.
The skinny
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