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Reply #2: Ponzi scheme [View All]

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Yon_Yonson Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 09:54 PM
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2. Ponzi scheme
Always wonder what a Ponzi scheme refered to so I looked it up:

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

It has absolutely nothing to do with Social Security because SS is a mandated supplemental retirement system. Is this stupid Perry prick trying to redefine a system that has been in place since 1935.


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