Get your Bailouts!
Not familar with Ponzi schemes? It works on the “rob-Peter-to-pay-Paul” principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses. This is how the predatory capitalism has always worked, but a one Charles Ponzi was a hugely success with it, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period—and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons.
Here is the real crazy part though; Knowingly entering a Ponzi scheme, even at the last round of the scheme, can be rational in the economic sense if a government will likely bail out those participating in the Ponzi scheme.
Bernard Madoff out swindled Ponzi by making the figure $50 Billion in 2008! In fact Investment Outlook’s, Bill Gross, basically called the whole US economy a Ponzi scheme.
This makes many investors really desperate as their empires of debt collapses. One jack ass, Marcus Schrenker, tried to fake his own death in a plane crash, because he knew he was committing securities fraud violations with several companies.
Another billionaire losing his empire of lies, drowning in debt, was German Adolf Merckle. Merckle headed the world’s 94th biggest fortune, according to Forbes magazine, with a total net worth last March of more than 6.7 billion euros ($10 Billion cdn), killed himself becuase he owed over 30 creditor banks massives amounts of money, but could only secure a three-month loan of 400 million euros!?
The whole system of capitalism is bankrupt. People riot in the streets to end it.
However most of the power crazy elite keep repeating their mantras to the masses that everything is good. Double plus good. Safe behind security.
Which is such obvious bullshit if your most of the people of the world outside the superclass and their brainwashed victims.
We need a global form of crisis intervention for the capitalist addict, because the money junkies are ruining the place. If we don’t come to grips with a reality that is destructive to all our futures, we may have to pay the ultimate price of capital’s punishment, not as individuals but as a society .
Don’t wait for the next “business as usual” phase.
Awaken and seek out the alternatives now.