Monday, December 01, 2008

PONZI

Months ago I warned that with the advent of hard times we could be assured of seeing a resurgence of pyramid schemes. As usual I was half assed wrong and half assed right.

There have not been large numbers of people coming out of the woodwork to scam their fellows. Instead the biggest Ponzi scheme in American history is taking place. The perpetrators are the biggest corporations in America. They have enrolled every tax paying American as their victim, using a corrupt and debauched Congressional and Executive branch of the Federal government.

There is no way for even the wiliest victim to protect him or her self. The take will reach the hundreds of trillions and leave us all ruined.

1 comment:

Anonymous said...

You have hit the nail on the head!

Grumpy Old LDO