The Last Temptation of Wall Street

Bernie Madoff was a piker, dinking around with mere billions. The real Bernie Madoffs are still running around on Wall Street, inflating the Globalized Ponzi Scheme with trillions, putting us all at systemic risk

The Age of Hazardous Immorality Will End With a Big Fucking Bang
Spain's 10 year bond yield is now firmly below the U.S. rate at 2.18% (vs. 2.36% for USTNX). It's a testament to how distorted these markets have become due to the underlying incentives created by Central Banksters. It's also a testament as to how much the Idiocracy desperately needs to believe in the same psychopaths who robbed them the last time.

From: http://www.tradingeconomics.com/spain/government-bond-yield

Say what you want about U.S. style Ponzi Borrowing. This here is the real deal. Who owns this debt? Mostly Spanish banks. Like tying two rocks together to see if they'll float.

Spain deficit data from Trading Economics

GDP Growth from World Bank

Ponzi Borrowing 101: Almost a tripling in debt in six years