## - Yahoo! Finance - Federal Reserve is a "global ponzi scheme" - ##

What the Fed's $600 Billion Plan Really Means
Yahoo.com - by Daniel Gross

[link to finance.yahoo.com]

Most of us around here have a pretty firm grip on what the Federal Reserve is, but to hear it in frank terms on a mainstream site like Yahoo still makes you think WTF!

You have to listen to the video on the page provided in the link. It's a short listen. Yahoo! Finance guy interviews Axel Merk, president of Merk Mutual Funds. He tells it like it is.

For those who would rather have the highlights from the video. Quotes from Axel Merk...

"Quantitative easing is a fancy word for printing money."
"...that money came from no where."
"...money created out of thin air."
"The U.S. can never default on their debt. They just print more."
"Of course it's a ponzi scheme, but it's a global ponzi scheme."
"Dissent is steam rolled over."
"...its a very dangerous game to go on."

[link to finance.yahoo.com]