“What remains are games of musical chairs, Ponzi schemes, frauds, swindles, stonewalls, ruses, ploys, scams, dodges, bluffs, subterfuges, QE martingales, interventions, rehypothecations, pretenses and other modes of evading or disguising reality. The reality is that there is not enough real wealth to go around, certainly not enough to cover the giant web of obligations that masquerades as ‘money.'” – James Howard Kunstler in an essay titled The Cyprus Fiasco Is A Metaphor For The Entire Global Financial System
Jim’s Quote of the Day:
