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Planet Ponzi

August 21, 2013 in Economics

By Joseph Salerno

“The quantitative easing program is like a giant roach motel with a big welcome sign.”  So says fund manager Mark Feierstein, author of Planet Ponzi, in this short video interview. Although no Austrian, Feierstein has insightful things to say about the U.S. government’s lying statistics and the dire prospects for a world awash in Fed-generated debt. He also is not afraid to use the “D” word, as in Italy and Spain, with negative economic growth and 28% and 55% youth unemployment respectively, are in a depression.

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