The President is a Ponzi scheme

In the US and abroad, Trump's wealthy backers understand that his populist rhetoric is a masquerade

In 1993, I arrived one fall evening in the Romanian city of Cluj. The railway station was mysteriously full of people, and the city outside was crowded and frenetic. I was mystified. Why did this rather obscure Transylvanian outpost suddenly seem like New York City?

My contacts in Cluj eventually provided me with an explanation. Romanians were flocking to a “bank” based in Cluj called Caritas that was giving out eight to one on the investment. News that the payouts had turned several people into millionaires was attracting hordes of people eager to take advantage of this unprecedented opportunity. The upscale