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To: 2ndDivisionVet

The Greek economy is one big Ponzi scheme.


28 posted on 07/05/2015 8:04:49 PM PDT by SkyDancer ( "Nobody Said I Was Perfect But Yet Here I Am")
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To: SkyDancer
"The Greek global economy is one big Ponzi scheme."

The loans to the Greeks are insured and those policies are reinsured. Those are subsequently hedged by futures contracts on debt repayment and then derivatives are sold on the futures contracts. Dominoes piled on top of dominoes.

50 posted on 07/05/2015 10:26:07 PM PDT by outofsalt ( If history teaches us anything it's that history rarely teaches us anything.)
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