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CREDIT MATTERS

Credit Matters: Government bonds are a Ponzi scheme? Just beat it

Issue: 1112 - 10 July 2009

While Bernie Madoff appeared to live in Neverland, and Michael Jackson really did live in Neverland, the US and UK governments are just living on the never never. Gary Jenkins finds that the mixture of celebrity grief, the world’s biggest Ponzi scheme and huge deficits is making him have strange thoughts. ..

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