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Dennis Kneale Calls The Treasury "One Big Ponzi Scheme"
Steve Liesman corrects him that the sophisticated term is "monetizing the debt" and we have a race to the bottom as the ponzi goes global.
Both are correct.
Everyone in the world prints money and levers up using garbage as collateral, everyone has a massive fail. In the words of Dave Rosenberg "full stop."
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Dennis Kneale is the canker sore - not Steve. Actually, Kneale is more like a herpes sore, and he got it from Kudlow (on his mouth of course).
Kneale just went of on Spitzer today, but the self-agrandizing GOP whore that he is, of course he mentioned nothing of how Dick Cheney, Oliver North, and all of the Nixon crony neocons (giving new meaning to the "con" in neocon) just won't shut up and crawl under a rock.