Hi,

Once and a while I mention things that fall outside the realms of web design and web programming; I only do so when I feel it is something important to point out.

The Giant Housing Scam

This time around, it is the giant fraud put forth by the US financial players … this whole housing bubble was a giant ponzi scheme and a new giant ponzi scheme is being engineered now. Check out this Rolling Stone article – it sums up what happened and what is gearing up to happen over the next several years.

http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine

Though Americans are going to get hosed the most (as they are now) the rest of the world will feel the pain of the scam as well .. as we are all now.

Stefan

This entry was posted on Friday, July 3rd, 2009 at 8:47 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.