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Ponzi Schemes

Economics

The “great Ponzi scheme” coming to an end?

20th March 2023 Going Postal 0

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 0

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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Elsewhere on GP

  • viciousbutfair, Going Postal

    This Septic Eye, Ch 10

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    There were a couple of posts on here the other day from ex Guidos who said that whilst they appreciated the freedom of speech on here, he/she/it/xi/cis felt there should be some better structure to [more...]
  • A View (Of The Church) From The Road Near The Greenhouse; Further Reflections

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    For Christians, Easter is a time for both reflection and thanksgiving. The little church in the village where I live has a small but enthusiastic (if ageing) congregation. I know many of them to talk [more...]
  • Joe Slater, Going Postal

    The (Postwar) Fall of France, Part Four

    12th November 2020 0
    A sure-fire way to spoil the mood at Paris dinner party is to airily remark, when the conversation turns to literature, that you have read and enjoyed Le Grand Remplacement (The Great Replacement), by Renaud [more...]
  • Reggie’s Guide to Stopping Unwanted Marketing

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    Many people get annoyed when they receive unwanted calls, texts, emails and letters.  Having worked in the direct marketing industry for 35 years I thought I would put together a short guide covering the steps [more...]
  • Government as the Ultimate Cause of the Tragedy of the Commons

    2nd June 2021 0
    A good definition of the Tragedy of the Commons is that “Resources that are un-owned and/or un-ownable will be plundered to extinction”. Consider the fishes of the seas, especially those that migrate such as whales [more...]

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