Guess what, if you are an American taxpayer under the age of 60, you are a sucker. You pay up to 15.3% of your income in a government sponsored ponzi scheme. The younger you are, the more likely you are going to get hosed and lose all of this money. Social Security and Medicare could read more
How Do Ponzi Schemes End?
October 19, 2010 – 9:08 pm
Ponzi schemes are inherently unsustainable and must end eventually. The thing is some ponzi schemes last much longer than others. While some schemes will fold within a month, others can go on for decades (like Madoff). Let’s examine the reasons a ponzi scheme ends: The ponzi scheme cannot attract anymore money from new or current read more
Warning Signs Of A Ponzi Scheme
October 19, 2010 – 2:38 pm
Are you considering making an investment or taking advantage of an opportunity but something smells fishy? It may be a ponzi scheme (or some other type of scam). Here are some ways to spot a ponzi scheme, as well as some questions to ask yourself before investing any money in any sort of venture: Do read more
Characteristics of Ponzi Schemes
October 18, 2010 – 10:37 pm
Ponzi schemes and pyramid schemes can take on many forms. Some of them rely on a steady stream of new investors, whereas others are able to continually suck money from the same investors. Some schemes are based on the idea of investing in a business, whereas others are almost straightforward that they are pyramid schemes read more