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There’s a ‘Chilling’ Economic Report Making the Rounds Among Top Execs — And Wait Until You See What It Says About Gov’t Programs

This Chilling Economic Report Is Getting Passed Around By CEOs.

by Jonathon M. Seidl, TheBlaze.com:

That’s the headline greeting readers on the site Business Insider Christmas morning. The report from the Boston Consulting Group (BCG) is titled, “Ending the Era of Ponzi Finance: Ten Steps Developed Economies Must Take.”

“The biggest [Ponzi scheme] … is still ongoing: the Ponzi scheme of the developed economies,” the report says near the beginning. “It is not simply that the developed world has borrowed significantly from future wealth to fund today’s consumption, leading to huge burdens for the next generation. It has also reduced the potential for future economic growth, making it more difficult for the next generation to deal with this legacy.”

That’s heavy. And it only gets heavier from there. So we’ve decided to distill it down to the best takeaways from the report and the write-up on Business Insider since BCG requires you to sign up to read it (it’s free, but still we thought some of you might not want to).

Read More @ The Blaze

2 comments to There’s a ‘Chilling’ Economic Report Making the Rounds Among Top Execs — And Wait Until You See What It Says About Gov’t Programs

  • Ed_B

    ““It is not simply that the developed world has borrowed significantly from future wealth to fund today’s consumption, leading to huge burdens for the next generation. It has also reduced the potential for future economic growth, making it more difficult for the next generation to deal with this legacy.”

    That’s heavy. And it only gets heavier from there.”

    Indeed. The truth generally is. Unfortunately, millions of Americans have no idea what the truth really is. It can be summed up rather succinctly, however: THERE IS NO FREE LUNCH

    America will either rid itself of its leeches or it will die. There simply is no other option. So… which will it be? I hope and pray that the stuffed ballot box of 2012 is NOT the harbinger of things to come because if it is, there is nothing left of America that is worth saving.

  • Ed,you are correct,the future of this country is grim.There is no longer any fear of God at any level in Government and people have embraced the Lie rather than the truth.

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