This is a FANTASTIC article in the German Magazine "Spiegel." I am amazed that it made it into print. It is a barnburner, despite being very long.
In summary, it shows where the central banks of western countries have done EXACTLY what Bernie Madoff did. They have engineered a huge Ponzi scheme.
Like all Ponzi schemes, someone eventually gets left holding the bag. This is why they are illegal, except when it is the lawmakers themselves running the scam.
Ponzi Planet: The Danger Debt Poses to the Western World - SPIEGEL ONLINE - News - International:
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