Brace yourself for the next stage of the property boom

[Aaron Sice]

good post there.

a few glossed over bits, ala kiyosaki, but the 401k / Superannuation is definitely a Ponzi scheme - and it's great to see it mentioned in regular media.

 

[aussierogue]

"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned".

Take out the word fraudulent But doesnt this describe the world of credit on which our entire world economies now operate?