Birth of the 'Ponzi' Scheme....

(9 posts)
  • Started 2 years ago by composite1
  • Latest reply from composite1

  1. composite1
    Moderator

    Lately, discussions on the forums have leaned toward sniffing out scams and dealing with piracy. Very serious topics that should be taken seriously. On the other hand, one can use 'Gallows Humor' to alert people as to how scams work. Here's an animation that apparently was intended for the "Ocean's 13" special features but should have been around a while ago....

    Get the Flash Video
    .

    H.Wolfgang Porter, Composite Media Producer
    Dreaded Enterprises Unlimited, Inc.
    http://www.dreadedenterprises.com
    Posted 2 years ago #
  2. 2ten
    Member

    Boy this sounds like Amway to me...

    Travis
    Posted 2 years ago #
  3. composite1
    Moderator

    Don't it though? This was exactly what Bernie Madoff did for nearly 30 years. Part that gets me was; he could have went legit after the first couple of years and nobody would have ever figured it out. Greed overcomes brains every time it seems.

    Posted 2 years ago #
  4. rexomus
    Member

    Sounds just like social security

    Posted 2 years ago #
  5. composite1
    Moderator

    Rex,

    Exactly like SS. Each generation pays for the previous one. Unemployment Insurance is the same too. Everybody thinks it's like a bank account that they get to tap when needed. (sound of angry buzzer) Ooooh sorry, that's incorrect. Thank you for playing....

    Posted 2 years ago #
  6. rexomus
    Member

    I know, it's crazy how people don't or can't put two and two together and see the intrigue behind both of those programs.

    Posted 2 years ago #
  7. composite1
    Moderator

    The part that bends me out of shape, is all the money that gets tossed in at the city, state and federal levels where does it go? Why are they always cryin' 'broke' while I get to watch my little bit of cash go on top of the endless line of wheelbarrels full of loot head off to the offices of power?

    Posted 2 years ago #
  8. rexomus
    Member

    These people can't even balance a check book but year after year they say more money will fix the problem. Like giving crack to a crack head is going to sober him up?

    I tell ya' if more people experienced being in business for themselves they would probably better understand how wreckless politicians are with other people's money. I could go on for days about the lack of accountability exercised and exploited daily in the ivory towers.

    Posted 2 years ago #
  9. composite1
    Moderator

    "I could go on for days about the lack of accountability exercised and
    exploited daily in the ivory towers."

    Yeah, well that's a rant for another post my friend. But if you've got more info on scams and the like, 'fire at will.'

    Posted 2 years ago #

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