Tuesday, April 10, 2012

Hedge funds toxic

...we have this huge hedge fund industry. This means we have a huge amount of ponzi finance in the economy which always results in a major financial crisis.

Until the hedge fund is reduced to rubble a crash is coming.

That's just how it always is.

In the Great Depression we got rid of this industry (though they were called investment pools and other names at the time).

The tragedy of the Great Recession is that hedge funds survived and thrived...

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