Wednesday, November 21, 2018

Social Security Ponzi Scheme

For those of you who do not know what a “Ponzi Scheme” is, it is a well-used swindle scheme designed to separate people from their money. They take “contributions” from one group, promising a high return on their money, then they take “contributions” from another group of a higher number of people, using that money to give the first group the promised “fair return” on their investment. Then they do the same thing, time after time, always using the money gained to give earlier “investors” a return on their money. But always, a large part of the money they collect goes to the scammers, who make millions of dollars that way. But before long, it begins to take more “new investors” than there are in existence to keep the swindle going, and when it reaches that level, it collapses, while the swindler is nowhere to be found, if things work out the way he planned things. The originator of that swindle was named Ponzi, and that’s how it got its name. Now look at the Social Security system. They told the early “investors” they would get their “investment” back at age 65 (or earlier), and they used the money gained from later “investors” to pay them. Sound familiar? They told them there was a “Social Security Fund,” but the politicians looted that “fund” before the ink was dry on the law starting it. They used the money gotten from later “investors” to pay earlier suckers. Now, as with all Ponzi schemes, it is getting to the point where there needs to be more new suckers than there exists to keep it running, and if they don’t get them, it will collapse, leaving all those who were FORCED to “invest” in the lurch, with nothing to fall back on. The only problem is, the guys who originated this scheme are now dead, and those who perpetuate it today can claim ignorance, blaming it on YOU. Who loses? Guess. (Just common sense)

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