Episode 48 • • 13:38 - 15:56
48: How to Survive the Economic Collapse
Gatwick Airport Sale, BAA Breakup, and Ponzi Scheme Comparisons
Gatwick Airport is for sale for approximately 2 billion pounds following the breakup of BAA, which also manages Heathrow and Stansted. The Financial Times reports that the owner of Newcastle United lost 300 million pounds due to the HBOS collapse. The broader financial crisis is described as the collapse of a multi-level marketing Ponzi scheme that threatens global food transportation and logistics.