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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 1

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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