Quotes About Ponzi scheme

Social Security is unsustainable because it is not meeting the first order condition of a Ponzi scheme, namely expanding the pool of suckers.

Social Security recipients, who have been forced to pay into this alleged retirement system, will have their benefits slashed, and those who are currently paying into the system will be forced to face the fact that they have been participating in a Ponzi scheme.

It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts.

Social security isn't a ponzi scheme. It's not bankrupting us. It's not an outrage. It is working.

Two barred owls traded their call-and-response: Who cooks for you? Who cooks for you-all? Who would ever cook for this boy, aside from me? I couldn't imagine Robin toughening up enough to survive this Ponzi scheme of a planet. Maybe I didn't want him to. I liked him otherworldly.

Largely incomprehensible: Madoff's staff of high school–educated clerks facilitated the Ponzi scheme for 40 years without a single one ever realizing it was a Ponzi scheme.

The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.

When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.

Indeed, what was remarkable about this scheme wasn't Ponzi. It was his victims. If people really would believe that a 34-year-old ex-bank clerk who had just served three years in prison for check kiting was capable of doubling their money in six months by exchanging millions of 10 cent postal coupons from Europe – well, if they would believe that, then they would believe anything.

I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.

Like a giant Ponzi scheme, profits depended on an unending source of associates entering at the bottom of the pyramid, funneling cash up the chain,

Unlike so many other conservative politicians, Paul Ryan doesn't duck from answering questions about the reality of our entitlement problem. Ryan doesn't only provide answers to how we solve the Social Security/Medicare Ponzi scheme on TV shows; he puts forward actual, workable plans: Paul Ryan's Roadmap.

People say it's a Ponzi scheme, it's a bubble. People really don't want to take it seriously. At some point, that narrative will shift to 'virtual currencies are here to stay.'

Progressives run for office as the champions of Social Security. Progressives viciously attack any politician who exposes the financial irresponsibility or speaks out against the Ponzi scheme as being "against Social Security" and "against seniors.

Of all the get-rich-quick magnates that have operated, Ponzi is the king.

The hitch, Ponzi understood, would be getting cash for the stamps he bought with the coupons. One possibility would be to sell the stamps at a slight discount to businesses that used large amounts of postage, giving them a bargain on a necessary item while still maintaining huge profits for Ponzi. Another hurdle would be figuring out how to buy and transport the enormous numbers of coupons necessary to turn a significant profit. But those crucial details would wait for another day.

In the remarkable seven months since it had opened for business, the Securities Exchange Company had amassed thirty thousand investors and $9.6 million. All Ponzi had to do to keep them satisfied was to pay them nearly $15 million in return.