Monday, December 28, 2009

Sprott: Is It All Just A Ponzi Scheme?

Well respected investor Eric Sprott's recent client newsletter opines that the Federal Reserve system might just be one big ponzi scheme...

The problem is that nobody knows who is buying a huge chunk of US Treasuries - which are categorized under "Other Investors".

This is a must read and a reason why at a minimum the Fed needs to be audited.

Scott Dauenhauer CFP, MSFP, AIF