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Ponzi Schemes

Economics

The “great Ponzi scheme” coming to an end?

20th March 2023 Going Postal 2691 Comments

In a recent conference, the EU’s Commissioner for Cohesion and Reforms, Elisa Ferreira, gave a dire warning: “We have a shrinking workforce all across Europe, all countries are losing their workforce.” Indeed, in just 10 years, [more…]

America

Who Has Better Ethics, the Social Security System or Bernie Madoff?

7th December 2022 Patrick Barron 2802 Comments

According to Wikipedia, Bernie Madoff ran the world’s largest Ponzi scheme, with losses estimated to be as high as $65 billion. Madoff promised to invest his customers’ money in productive enterprises and pay them generous [more…]

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