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Old 12-25-2014, 12:16 PM
jms62's Avatar
jms62 jms62 is offline
Saratoga
 
Join Date: Mar 2007
Posts: 19,801
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Quote:
Originally Posted by dellinger63 View Post
It's a game of three card monte showing the bank/pension and race card while hiding the social security fund card.

Imagine if the banks had lost $2.7 TRILLION, not on bad bets but simply embezzled it? You know like the government has done. And then imagine being forced to continue paying 12% of everything you make so the one who embezzled the money can make good on it.

ALL Ponzi schemes eventually end and when this one does it will be very ugly.
Would it have been a Ponzi scheme if it wasnt looted but invested and simply acieved market returns?
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