scheme not from kind of a descriptive metaphor but as an actual ponzi scheme now in a ponzi scheme fresh money is required to pay off the people leaving the ponzi scheme and the pyramid scheme as it's also known the base must always be bigger and bigger and bigger once the base of the ponzi scheme starts to diminish the entire thing collapses like a house of cards and that's why. there was no taper because any reduction in money printing will collapse every major banks balance sheet in the world to nothing so walk us through now going forward how the fed and the central banks around the world are not only going to not taper but they're going to increase their monthly asset purchases and ponzi scheme is going to go up as an address well it's more likely than not it is likely stay where it is they might have to increase it you're quite correct the actual scale has to keep increasing to keep the thing going and that's what japan tells us you can't stop what you start to do now the interesting thing what they'll do is how they go about that because they may start to use different strategies

scheme marketed under the name help to buy the ponzi scheme comes with economic health warnings from mervyn king bank of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand pounds so that they the taxpayer chump will put down the remaining fifteen percent. pop open the bubbly or is a perhaps a bottle of maggie maggie stacey what's going max it's called our maggie it's a beer being sold at the conservative party conference they're tearing the return of the housing bubble pm triggers new house sales spree two hundred thousand get chance to buy as cameron starts twelve billion pound mortgage guarantee scheme next week prime minister yesterday announced helped by scheme will start from next week three months ahead of schedule quote i will not stand by while hardworking people struggle to get a mortgage but critics say dangerous scheme will inflate the market well there's a couple things here one is as you point out

there in the coalition camp the tory in the liberal democrat camp that they're moving forward this ponzi scheme by three months it shows you that this is not an economic policy it's a it's a help to buy votes policy help to buy votes. shameless pandering to the casino who led to the worst elements of british society and i think cameron to go today i think or this week i should say is the anniversary of neville chamberlain who famously appeased the nazis during the one nine hundred thirty s. i think here you have david cameron appeasing the house price builders and the banks in the city who are effectively the equivalent in today's screwed up global economy in fact ok you mention a few things there but the housing bubble all economists will agree housing bubbles and collapses are the worst for economies more than just the normal cyclical boom bust recessions in the business cycle so we've just gone through five years we're now five six years into a global economic collapse and what do they do they want to spur it again well an estimated two hundred thousand people are expected to get a ch

this could help explain why david cameron has brought forward by three months the conservative party ponzi scheme marketed under the name helped by the ponzi scheme comes with economic health warnings from mervyn king bank of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand pounds so that they the taxpayer chump will put down the remaining fifteen percent. pop open the bubbly or is a perhaps a bottle of maggie maggie stacey what's going max it's called our maggie it's a beer being sold at the conservative party conference they're tearing the return of the housing bubble pm triggers new house sales spree two hundred thousand get chance to buy as cameron starts twelve billion pound mortgage guarantee scheme next week prime minister yesterday announced help to buy scheme will start from next week three months ahead of schedule quote i will not stand by while hardworking people struggle to get a mortgage but critics s

this country's debt and he needs to seek a higher power well it's also proves that we do run on a ponzi system here because a ponzi scheme needs constantly to have new money coming in and here we always have a five day plan because that's that's every week you have to get a new ponzi is to come into the scheme whereas in china they can plan ahead for five years because they're not running a ponzi scheme yet you know they do have high house prices like here but it's mostly paid in cash now they also have because of their five year plan they also have new deals being done with george osborne new nuclear reactors will transfer billions of pounds a year from british consumers to france and china so you know he hailed this big deal he did with china for the nuclear power plants here while state owned china general nuclear power joining the equally nationalized electricity de france e.d.f. in constructing a four hundred billion pound brace of reactors that hinckley point in somerset the chinese will have a minority share in the project but have made it clear and george osborne expects this th

in china they can plan ahead for five years because they're not running a ponzi scheme yet you know they do have high house prices like here but it's mostly paid in cash now they also have because of their five year plan they also have new deals being done with george osborne new nuclear reactors will transfer billions of pounds a year from british consumers to france and china so you know he hailed this big deal he did with china for the nuclear power plants here well state owned china general nuclear power joining the equally nationalized electricity de france e.d.f. in constructing a four hundred billion pound brace of reactors that hinckley point in somerset the chinese will have a minority share in the project but have made it clear and george osborne expects this that they should have a controlling interest in future schemes and for this max he's guaranteed price fixing so that they will make a profit right right so here is foreign countries and their state owned companies their nationalized companies who are buying into britain who. in the process of privatizing these assets

about the three ring that circus just played out and today's big deal is a big ponzi at least according to bill ackman yes we're talking about herbalife which is now facing a new class action lawsuit will we see a new round of the battle of the hedge fund but you must stay tuned to find out. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day played. on the. please please take a look very hard to take a. long long. long have you ever had back with the earthquake there's no. please. please. please please please. please. please. please. please look at the bottom of the. earlier today i sat down with tom hartman host of r t is the big picture to discuss the debt ceiling and the general population's understanding of what it is and why it even exists take a look. at how much of the population do you think actually understands the debt ceiling and the idea of debt in general. one ten thousandth of a percent is that why it's so easy to politic about it because it's compared to our house

about the story ring that circus just played out and today's big deal is a big ponzi at least according to bill ackman yes we're talking about herbalife which is now facing a new class action lawsuit will we see a new round of the battle of the hedge fund but you must stay tuned to find out. if you're. going to take three. or four charges three. three. three. three. old free blog video for your media project a freebie deodhar t. dot com. one of the new book the market like. the face of the type you know. pleasure to have you with us here on our t.v. today i roll researcher. earlier today i sat down with tom hartman host of artes the big picture to discuss the debt ceiling and the general population's understanding of why. what it is and why it even exists take a look. at how much of the population do you think actually understands the debt ceiling and the idea of debt in general. one ten thousandth of a percent is that why it's so easy to politic about it because it gets compared to our house yeah the allergy that's made even in the immigrant in the media is that the debt ceiling is lik

about the three ring that circus just played out and today's big deal is a big ponzi at least according to bill ackman yes we're talking about herbalife which is now facing a new class action lawsuit will we see a new round of the battle of the hedge fund but you must stay tuned to find out. that. we're going to do the show did you know the price is the only industry specifically mention of the constitution and. that's because a free and open press is critical to our democracy but there's. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across silicon we've been a hydrogen right hand full of transnational corporations that will profit by destroying what our founding fathers once told to us by job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try and rationalize based on a real discussion critical issues facing an ever ready to join the movement then welcome to it. i am the president and i'm a society that i think liberation i know to consume. the

scheme going because as he said it is a ponzi scheme so you can that and never taper from a ponzi scheme or else it collapses well he said we are the bubble we have a colossal asset bubble in the world and a leverage or a debt bubble so leveraged debt bubble as alan greenspan had said in his earlier interview on c.m. b. c. he also said that the problem is not bubbles necessarily it's bubbles with leverage and here mark probert saying we have a debt bubble with leverage and that's an important point to add to this idea that the dollars back by guns and murder is that they can't stop this this quantitative easing there or there will be no taper now here in the u.k. mark carney has suggested that with these so-called growth in the u.k. that the bank of england might start to raise interest rates which is the exact same idea as taper. but that's never going to happen because the bank of england in the u.k. economy is the most leveraged in the world their bank of england balance sheets gone up eight hundred percent during the time of the federal reserve balance sheet increased by forty percen

the ponzi king spoke to our scott cohen about that very topic. that's coming up next. >>> plus, they call him the bishop of bling. the vatican expelling a german bishop over a $40 million renovation of his residence. you have to see it to believe it. and we'll show it to you. >>> and the next chapter in the da vinci code. this is not a book or a movie. it's real life. and it is unfolding right now in italy. stay tuned. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience."

this country's debt and he needs to seek a higher power well it's also proves that we do run on a ponzi system here because a ponzi scheme needs constantly to have new money coming in and here we always have a five day plan because that's that's every week you have to get a new ponzi is to come into the scheme.

scheme we've told the world it's a ponzi scheme yet for some reason everybody continues to participate in the scam the question is how much longer will the rest of the world throw good money after bad because they don't want to admit the mistakes that they've made that they've loaned us all this money that they're not going to get back and i think one of the reasons why well doesn't really want to recognize the mistakes that it's made is because american politicians like most addicts keep promising that they're going to change you know just give us the money to do. and for these last those and to morrow we will check into rehab and in this in in a similar fashion american politicians keep saying that you know we are going to rein in the expenditures we are going to increase the revenues but the debt to g.d.p. ratio keeps increasing so who do you think should take the initiative here is it the addict who has to act first or those who deliberately are not feed into the said diction no i believe that it's going to have to come from abroad is going to have to be the pressure brought about

scheme we've told the world it's a ponzi scheme yet for some reason everybody continues to participate in the scam the question is how much longer will the rest of the world throw good money after bad because they don't want to admit the mistakes that they've made that they've loaned us all this money that they're not going to get back and i think one of the reasons why the world doesn't really want to recognize the mistakes that it's made is because american politicians like most addicts keep promising that they're going to change you know just give us the money today for these last those and to morrow we will check into rehab and in this in in a similar fashion american politicians keep saying that you know we are going to rein in the expenditures we are going to increase the revenues but the debt to g.d.p. ratio keeps increasing so who do you think should take the initiative here or is it the addict who has to act first or those who deliberately are not feed into the said diction no i believe that it's going to have to come from abroad is going to have to be the pressure brought abo

a lot of non-profits got caught up in that and lost tens of thousands of dollars to that ponzi schemehat was a major sense of losses. however, there are a lot of large losses from different scams and schemes. there is the global fund to fight aids. they had a problem. they found tens of millions of dollars had gone missing through a whole range of financial problems. they're working on getting some of that money back. there are jewish material claims against germany which it pays republic ration of the sort. he was involved with some insiders and he took mill yonds of dollars that were supposed to go to holocaust survivors. some of them are horrified to hear about it. the group says they involved. directors, bookkeepers, very long. but it also goes all the way down to your neighborhood groups: boy scout groups, volunteer firpts. . this hasn't been known, because to begin with, in the past before 2008, they didn't have to disclose like they do now. they also, what we found now is the new reporting requirements require you not only to check that box, that you attach a description of wha

today a trial starts for five people accused of taking part in bernie madoff's ponzi scheme. a crime bilking investors out of billions. let's turn things over to bertha coombs. happy tuesday morning. >> happy tuesday. happier if i had that diamond ring in my stocking or hopefully at christmas. futures are pointing to a flat open on wall street. the market slumped on monday, investors are worried about what's going on in washington. we've got the deadline to raise the u.s. debt ceiling and we're not seeing progress when it comes to discussions. the dow and s&p 500 closed at a one-month low. no one is panicking yet. the head of moody's says it's extremely unlikely the u.s. will default on its debt. let's hope so. we were scheduled to get data on the trade deficit but because of the shutdown that is going to be postponed. the dow starts the day at around 14,936 after falling 137 points, and the nasdaq at 3770, after losing 38. americans are apparently being a lot better about spending keeping credit cards in their wallet. new government data shows that credit card balances fell

and what many call a ponzi scheme so once again voters are happy with this in the short term because they have that price bump on the speculation but isn't that essentially and the prime example of the substituting a policy to encourage manufacturing jobs and growth with one of just paper shuffling that's right and we see here is real estate bubble number two we have a listed bubble number one this is extremely painful special in the united states is what i think will sue sue but but it was a way to. putting food in the united kingdom and no rather than the moon leaving from the. experience that bumping money into the economy will go into days speculative venture and no even ordinary people are shoved into speculative called druim the just bubbling. produces the. use of the shuffling paper or brewing club here blowing bubbles and blowing hot air and it seems again a cynic would say that this appears to be a policy to buy votes as a help to buy votes not to help to buy anything that's going to have sustainable value but you know professor forget while you're in town here in london you

scheme marketed under the name help to buy the ponzi scheme comes with economic health warnings from mervyn king bank of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand pounds so that they the taxpayer chump will put down the remaining fifteen percent pop up in the bubbly or as a perhaps a bottle of maggie maggie stacey was going to max it's called our maggie it's agree are being sold at the conservative party conference they're tearing the return of the housing bubble pm triggers new house sales spree two hundred thousand get chance to buy as cameron starts twelve billion pound mortgage guarantee.

this could help explain why david cameron has brought forward by three months the conservative party ponzi scheme marketed under the name helped by the ponzi scheme comes with economic health warnings from mervyn king bank of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand barrels so that they the taxpayer chump will put down the remaining fifteen percent pop up with a bubbly or as a perhaps a bottle of maggie maggie.

financed by more paper pushing what you're financed by more money printing as part of this massive ponzi scheme so it's great that they can. points of fraud in the paper printing the results as growth but imagine if charles manson a squeaky fromme were running the bank of england instead of mark carney and danny alexander or of the assistant treasury or george osborne and danny alexander as part of george and george osborne's office then you have this notion that from serial killing is boosting the economy if charles manson ran the economy but here you have george osborne and mark carney who are saying serial money printing which is an act of criminality is boosting the economy that would be like charles manson saying that serial murders are boosting the economy in america which i'm sure a lot of americans would agree that that is the case that's why they tend to shoot each other so much well you often see the argument made that we need pollution because it well if we stop pollution will lose jobs if we stop eating carcinogenic foods will lose jobs so it's always about maintaining that j

david: the ponzi kings hide away. bernie madoff's luxury penthouse. we'll show you parts of the penthouse that has never been seen. also the desk which bernie madoff was working when the fbi was looking in. liz: gorgeous view. wow. today's facebook question is this we want to know from you, if you had $17 million to spend, because that is what it is going for, at least that is what it is up for, would you consider buying madoff's lair? real estate, right? log on to facebook.com/afterthebell. we'll bring your answers and date pictures, you will see them here first. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in abo

falling prices and lack of demand for overpriced houses so each out down on george osborne's pink slime ponzi aka the help to buy scheme over the monetary universe while we like the look and feel of gold we hate the feel of actually having to pay for all of the goods and services we import from overseas and so instead we use the pink slop of. the dollar the u.s. dollar stacey herbert discounts horrible yes max it wasn't think of it you could see it everywhere you look from our education system where everybody graduates with a straight a's and yet they proceed into the rest of the world where they have no skills not even basic literary skills as we found out this week we also for democracy which is the pink slime of political systems rather than a republic because they don't want the challenge of keeping a republic and we see that in the financial markets where we prefer i.p.o.'s that pop we like everything to be. easy profits right and we saw a bit of this psychology in this first headline here tweeter changes stock symbol after twitter confusion so tweeter is a home entertainment company whi

financed by more paper pushing what you're financed by more money printing as part of this massive ponzi scheme so it's great that they can. points of fraud in the paper printing not results as growth but imagine if charles manson a squeaky fromme were running the bank of england instead of mark carney and danny alexander or of the assistant treasury or george osborne and danny alexander as part of george and george osborne's office then you have this notion that for a serial killing is boosting the economy if charles manson ran the economy but here you have george osborne and mark carney who are saying serial money printing which is an act of criminality is boosting the economy that would be like charles manson saying that serial murders are boosting the economy in america which i'm sure a lot of americans would agree that that is the case that's why they tend to shoot each other so much well you often see the argument made that we need pollution because if we stop pollution will lose jobs if we stop eating carcinogenic foods will lose jobs so it's always about maintaining the job so no

a little bit further siham right now this is policies designed keeping the status quo to keep the ponzi scheme the fractional reserve banking system alive to give it a bit more injection to take a little bit further to him. properties a little bit more so we can keep more of the status quo but in the end has to come to an end i mean isn't mark carney just a hedge fund manager and he's trading the balance sheet of the bank of england like a hedge fund manager trades the balance sheet money they have under management they're pulled gaming the system they're looking the around the globe looking for easy money easy trades they can borrow money at zero percent interest rates they keep the banks keep all the profits they're not lending in the economy and blending into the economy has dropped four percent whereas the spec of the bubble in real estate is out of control now and wages of course are not or less than one percent but anyway so banks of the future dot com it's. available online right if you want to find out more we're like oh yeah right now we're going to bring to the future don't co

original stone now co-op is good itself in trouble because it's operating off the same unsustainable ponzi schemes the existing banking system operates off therefore to rescue them and i was in parliament discussing with some of the m.p.'s that were questioning the c.e.o. of co-op recently the hedge funds have to come on now the hedge funds they have no remit for social good they have no remit for the profit costs so therefore when the owners become the hedge funds what happens to the social mission and where does that money get directed right so as we've been saying on this show for years this idea of moving your money from one bank to. another is like rearranging deck chairs on the titanic i mean you're not really moving your money anywhere it's staying still within the rubric of an extraordinarily corrupt system whereas p.d.p. lending crowd funding rewards base as well as equity based is a genuine alternative to this and the f.c.a. the regulator here in the u.k. seems to be dragging their feet on this other man m.p.'s now that are supporting it and can possibly put up mount a credible p