23 Mar 2023 1:46 pm
Neither do you bozoo....razoo » 23 Mar 2023, 11:55 am » wrote: ↑ Nothing but misinformation ..................obviously you don't know for sure want a ponzi scheme is ..........
From the SEC......
Now, can you tell me what MATERIALLY DIFFERS from a PONZI SCHEME and Social Security??A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money. Instead, they use it to pay those who invested earlier and may keep some for themselves.
With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive. When it becomes hard to recruit new investors, or when large numbers of existing investors cash out, these schemes tend to collapse
The ONES PAYING IN are seeing the PAY OUT to the ones who got in LONG AGO!!! AND with a FUND that is DRYING UP so there will NOT be the "promised rewards"!!
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.