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Our entire monetary system, and by extension our economy, is a Ponzi economy in the sense that it really only operates well when in expansion mode. Even a slight regression triggers massive panics and disruptions that seem wholly inconsistent with the relative change, unless one understands that expansion is more or less a requirement of our type of monetary and economic system. Without expansion, the system first labors and then destroys wealth far our of proportion to the decline itself.
— Outstanding post by Chris Martenson on public debt monetization and its impact on the dollar, inflation and interest rates at Central Banks - The Shell Game - How the Federal Reserve is Monetizing Debt - Aug. 2, 2009 | Martenson Reports at Chris Martenson - Central Banks, Federal Reserve, Martenson Report, Treasury bills, Treasury bonds
