The Largest Ponzi Scheme in U.S. History By John Gerena
No it is not Bernard Madoff, It is the U.S. Social Security System! A Ponzi scheme is where the Money from the people that put the money first gets paid by the people that put the money last. To me that sounds like our Social Security System. The head of the largest Ponzi Scheme in U.S. History, George W. Bush, not 50 Billion but Trillions of Dollars. Will he go to jail? Absolutely Not! He is being replaced by someone that will put more money in to this Ponzi scheme. So where did Bernard Madoff go wrong? He did not bring in Uncle Sam as his partner.
Wednesday, December 17, 2008
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