Glenn does a great job in todays’ show explaining how the Fed and the Treasury, along with a complicit Congress, are perpetrating the world’s biggest Ponzi scheme on the American people.
Note, he mentions PIMCO. We reported here on FedUp yesterday about the sudden ‘down turn’ in certain holdings of PIMCO fixed income (bond) funds. Wonder why they are suddenly divesting themselves of these so-coveted bonds? It wouldn’t be because they think the pyramid is crumbling and they don’t want to end up like Madoff’s clients, would it? Nah….