View Full Version : Is $1 Trillion bail-out "big ponzi"?
godoftrading
01-21-2009, 12:24 PM
The USA government is taking money from new investors (tax-payers) and giving it to old investors (bankrupt giant companies)
There is 100% possibility/chance that the giant companies will shut down. Past history says bankrupt companies do not survive for long because they are already bankrupt. Also now "sales future" is not guaranteed because $60 trilion loss has destroyed world economy.
Now the question: Is $1 Trillion bail-out "big ponzi"?
freakscene
01-21-2009, 12:42 PM
Now the question: Is $1 Trillion bail-out "big ponzi"?
maybe.
the bigger ponzi, bigger than madoff, is social security
if the current proposals being discussed are implemented, those making 250,000 + will see a negative return on their money being taken from them. they wont get it back, out of "fairness".
in essence, hit the 250,000 mark, and the Federal government believes it should take some of your money, and give it to someone else, with no regard to how you feel about never seeing it again.
smartinvestor30
01-21-2009, 12:43 PM
The USA government is taking money from new investors (tax-payers) and giving it to old investors (bankrupt giant companies)
There is 100% possibility/chance that the giant companies will shut down. Past history says bankrupt companies do not survive for long because they are already bankrupt. Also now "sales future" is not guaranteed because $60 trilion loss has destroyed world economy.
Now the question: Is $1 Trillion bail-out "big ponzi"?
After I heard about the Madoff things I thought people would start saying "madoff scheme" instead of "ponzi" scheme. But I think 100's of years from now when we look back in history the correct term will be "USA Scheme".
Gordo
01-21-2009, 08:51 PM
He who holds the gold make the rules. Fort Knox?
Bolimomo
01-21-2009, 09:19 PM
Now the question: Is $1 Trillion bail-out "big ponzi"?
I don't think it is a ponzi scheme. There are only 2 levels. Tax-payers, and the companies receiving the money. We the tax-payers will have no hope of getting new comers to pay us.
It is straightly charity.
I don't think it is a ponzi scheme. There are only 2 levels. Tax-payers, and the companies receiving the money. We the tax-payers will have no hope of getting new comers to pay us.
It is straightly charity.
Or straight robbery?
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