Category Archives: Ponzi Schemes

Bernie Madoff is the most famous, there are others too

Nicole Foss: Negative interest rates and the war on cash

Nicole Foss, September 4-8, 2016, theautomaticearth.com Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and … Continue reading

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Pensions face bankruptcy in the future

2016-4-10. US faces disastrous $3.4 trillion pension funding hole. Collective deficit of retirement plans is three times larger than official figures. Financial Times. The US public pension system has developed a $3.4 trillion funding hole that will pile pressure on … Continue reading

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Why Banks and Wall St will go broke if interest rates ever go up

Dumb Money Day 1 by Charles Marohn, Strong Towns   Jun 10, 2013 This week I want to write about one very technical finance subject and the implications for the housing market and, by extension, for cities and the great reset … Continue reading

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George Soros on Financial Collapse and the Coming U.S. Class War

Excerpts from John Arlidge. Jan 23, 2012. George Soros on the Coming U.S. Class War. Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment … Continue reading

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How Companies Plunder and Profit From the Nest Eggs of American Work

Retirement Heist: How Companies Plunder and Profit From the Nest Eggs of American Workers By Ellen E. Schultz    Portfolio/Penguin 2011 216 pages, in hardcover and paperback August 20, 2012. UE News – Summer 2012 issue We already knew that employers … Continue reading

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Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Just about everyone I know believes in the permanence of the Dollar, the Eternal Supremacy of the United States, and the propaganda to constantly grow their money by taking risks. So they dutifully feed hard-earned wages into the voracious slot … Continue reading

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Why do people fall for Ponzi and other schemes?

Fooled by Ponzi (and Madoff). How Bernard Madoff Made Off with My Money  Dec 23, 2008. Stephen Greenspan. Skeptic.com There are few areas of functioning where skepticism is more important than how one invests one’s life savings. Yet intelligent and … Continue reading

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Joseph Romm: we’re stealing from the next 100 billion people to walk the earth

Is the global economy a Ponzi scheme, are we all Bernie Madoffs, and what comes next? Part 1 By Joseph Romm, author of “The Hype about Hydrogen” By “paying ourselves” with the wealth from future generations — indeed, from the … Continue reading

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Bill Moyers & Bill Black on Ponzi schemes, Fraud, & Liar’s loans

Bill Moyers talks to Bill Black about the fraud that pervades the financial industry and the Obama government April 3, 2009  pbs.org William Kurt Blackis an American lawyer, academic, author, and a former bank regulator. His expertise is white-collar crime, … Continue reading

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Joe Bageant : We’ve Let Corporations and Media Rob Our Souls–It’s Time to do something Meaningful

We’ve Let Corporations and Media Rob Our Souls — It’s Time to Do Something Meaningful Apr 5, 2009. Joe Bageant  Alternet.org [One of the best books that explains why poor people go against their own interests by voting for Republicans … Continue reading

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