Investor Scams: Why Does Bernie Madoff’s Ponzi Scheme & Our Social Security System Look So Alike?
Investor Scams: Bernie Madoff and Social Security
There is no meaningful difference between the schemes adopted by Bernie Madoff and our Social Security system. Madoff did to his investors what the government has been doing to wage earners for over 60 years with Social Security.
Why did Bernie Madoff go to prison? He persuaded people to invest with him, but he didn’t invest their money. As Madoff built his portfolio over time, he simply took the money from the new investors to pay off the old investors. Eventually, there were too many old investors and not enough money from new investors coming in to keep the payments going. Madoff’s scam was finally debunked; he went to jail and became one of the most hated men in America.
Soooo…. there is fundamentally no difference between Social Security and Bernie Madoff’s scam – except that one was operated by a private individual who is now in jail and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions. Here’s a nifty little chart with a side-by-side comparison.
BERNIE MADOFF | SOCIAL SECURITY |
Takes money from investors with promise money will be invested & made available to them later. | Takes money from wage earners with promise money will be invested in a “Trust Fund” & made available later. |
Instead of investing money Madoff spends it on yachts & nice homes in the Hamptons. | Instead of depositing money in a Trust Fund, politicians use it for general spending & vote buying. |
When the time comes to pay investors back, Madoff simply uses some of the new funds from newer investors to pay back the older investors. | When benefits for older investors become due the politicians pay them with money taken from younger & newer wage earners to pay the geezers. |
When Madoff’s scheme is revealed, all hell breaks loose. New investors won’t give him more cash. | When Social Security runs out of money, they simply force taxpayers to send them some more. |
Bernie Madoff is in jail. | Politicians remain in Washington. |
Please Follow Us on Facebook & Twitter & Don’t Be Shy To Leave a Comment!
Source: http://stocksonwallstreet.net/2013/06/investor-scams-why-does-bernie-madoffs-ponzi-scheme-our-social-security-system-look-so-alike/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
