Posts Tagged ‘Ponzi scheme’

“Some shifty guy in a cheap suit is never going to lure you into a Ponzi scheme. Only admired, respected people can do that.” –Diane Henriques

“Commercial banks operated on sound classical principles. It’s a different story these days. Central banks and commercial banks are essentially Ponzi schemes, and engines of inflation. It’s a major reason the rich are getting richer—which is OK, except that today it’s at the expense of the middle class.” -Doug Casey