The Debts of the Spenders: Bill Moyers - US Financial System Is A Ponzi Scheme

This video has been circulating on various blogs for a few days now. The message is not new for long time readers, academics, and traders who are all too familiar w/the root causes of the economic debacle. But what is different is how the mainstream media has now caught on to the blatant theft and lies foisted upon the public.

After watching it, I believe the video should be required viewing - even if many of the points are already familiar - simply b/c the speakers speak of complex matters in plain English (which after all is the theme of this web site).

http://www.pbs.org/moyers/journal/04032009/watch.html