Richard Clark - Grandest of All Ponzi Schemes? Foreign Central Banks Begin Buying US Stocks
March 7, 2012 A small number of central banks have started investing part of their reserves in US equities. About 9% of the foreign-exchange reserves of Switzerland's central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website. In addition, the Bank of Israel recently began a pilot program to invest a portion of its foreign currency reserves in US equities.
It is becoming ever more apparent that we have an economic system increasingly rigged for the benefit of the superrich, who own most of our members of Congress, and are, by that means, able to continuously inflate the value of their holdings at the expense of everyone else.
To wit:
Next leg of the grandest of all ponzi schemes: foreign central banks to begin buying US stocks outright, starting today!
Read More:
http://www.opednews.com/articles/Grandest-of-All-Ponzi-Sche-by-Richard-Clark-120303-39.html
