"It's not JUST the economy, stupid!"- A Clinton Rebuttle
http://news.fayetteville.net/articles/261/1/quotIt039s-not-JUST-the-economy-stupidquot--A-Clinton-Rebuttle/Page1.html
Duncan Edge
I'm just your average freedom loving old school conservative who understands that government is not the answer to America's problems. By Duncan Edge
Published on 12/19/2008
A Ponzi Scheme, or a Visual Illustration? You decide.
A Ponzi Scheme or a Visual Illustration? You decide.
Isn't it interesting how the feds and the news media cronies are so quick to call out Bernard Madoff over his alleged ability to con celebrities and some of the wealthiest entrepreneurs in the U.S. out of their money? His method involved using a scheme developed by Charles Ponzi, otherwise known in America as a good old pyramid scheme. But this scheme is nothing new to the Federal government. In fact, your politicians have perfected it and you have been victimized by if for years. The following Wikipedia definition further explains:
"A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from the profit from any real business. It is named after Charles Ponzi.
The scheme usually offers abnormally high short-term returns in order to entice new investors. The perpetuation of the high returns that a Ponzi scheme advertises (and pays) requires an ever-increasing flow of money from investors in order to keep the scheme going.
The system is destined to collapse because there are little or no underlying earnings from the money received by the promoter. However, the scheme is often interrupted by legal authorities before it collapses, because a Ponzi scheme is suspected and/or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases."
WELL....... Sound familiar? Yep, you got it! Good old Social Security. Since 1940, the wonderful (being facetious here) federal government has stolen over $9,000,000,000,000,000 from the US Taxpayer earnings and nobody bats an eye. So, why is it that Mr. Madoff, pronounced Madeoff, which I think is a HILARIOUS name... like he "Made off with YOUR Money!", gets raked over the coals, but our federal government can run the largest Ponzi scheme in history and get away with it? Tell me, is this not a case of the pot calling the kettle black or what?
St. Augustine said, "In the absence of justice, what is sovereignty but organized robbery?" But then again,to quote Aldous Huxley, "Most ignorance is evincible ignorance. We don't know because we don't want to know."
"A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from the profit from any real business. It is named after Charles Ponzi.
The scheme usually offers abnormally high short-term returns in order to entice new investors. The perpetuation of the high returns that a Ponzi scheme advertises (and pays) requires an ever-increasing flow of money from investors in order to keep the scheme going.
The system is destined to collapse because there are little or no underlying earnings from the money received by the promoter. However, the scheme is often interrupted by legal authorities before it collapses, because a Ponzi scheme is suspected and/or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases."
WELL....... Sound familiar? Yep, you got it! Good old Social Security. Since 1940, the wonderful (being facetious here) federal government has stolen over $9,000,000,000,000,000 from the US Taxpayer earnings and nobody bats an eye. So, why is it that Mr. Madoff, pronounced Madeoff, which I think is a HILARIOUS name... like he "Made off with YOUR Money!", gets raked over the coals, but our federal government can run the largest Ponzi scheme in history and get away with it? Tell me, is this not a case of the pot calling the kettle black or what?
St. Augustine said, "In the absence of justice, what is sovereignty but organized robbery?" But then again,to quote Aldous Huxley, "Most ignorance is evincible ignorance. We don't know because we don't want to know."