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)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment