The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (234277)	12/24/2009 11:16:06 PM
From: Skeeter Bug	Read Replies (2) of 306849

>>Eric Sprott: The Fed Is A Ponzi, The Treasury Purchase Data Is A Lie<< it's worse than that. the monetary system works similar to a ponzi scheme... we need continually increasing debt in order to make previous debt (including interest payments) payable. without new debt, there isn't enough money in the system to pay back the interest portion of the previous debt. that forces defaults and will collapse a fractional reserve lending system.

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