Wednesday, May 25, 2011

The Social Security Ponzi Scheme

“The whole government is a Ponzi scheme.”-Bernie Madoff

If the Social Security is fundamentally flawed, the entire US Economy is fundamentally flawed. This financing mechanism the Fed provides creates NO REAL WEALTH, it merely creates cash out of thin air. Social Security then takes that cash and sets up a generational Ponzi Scheme to take from those that are working, to those that are not. Please don’t tell me that you paid in and that you are just taking out. The money that you put in years ago, got paid out almost immediately to those that were taking from the system back then. Those of you that are collecting money, are directly from workers who are working right now. What is worse, now we are paying people on money we have not even collected yet. With 80 million baby boomers coming to take from the Ponzi scheme this will end as badly as it did for Bernie Madoff’s victims.-Alan Greenspan Admits To Big Ponzi Scheme

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