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Re: Social Security Will Be Paying Out More Than It Receives In Just 5 Years...

By: Decomposed in POPE IV | Recommend this post (5)
Wed, 19 Jul 17 11:04 PM | 73 view(s)
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Msg. 29487 of 47202
(This msg. is a reply to 29485 by monkeytrots)
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mt:

re: "Silly me - slipped my mind that SOCIAL SECURITY is the longest running and largest PONZI SCHEME in modern day history."

This chart is a few years old (FY2012) - but the situation has only worsened. Consider that in the five years since it was produced, reported "Official Estimates" have increased 25 percent!
What about the other numbers shown in the chart?
The end is coming quickly.

I'll show you in a subsequent post why SS is *not* the largest of the modern Ponzi schemes.

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http://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: Social Security Will Be Paying Out More Than It Receives In Just 5 Years...
By: monkeytrots in POPE IV
Wed, 19 Jul 17 10:54 PM

Msg. 29485 of 47202

Recently I called 'bitcoin' and other 'cryptocurrencies' the largest Ponzi Scheme in history.

Silly me - slipped my mind that SOCIAL SECURITY is the longest running and largest PONZI SCHEME in modern day history.

Cryto's may one day eclipse it ... but for now SS holds the title.

Was a Ponzi Scheme from day one - always depended on ever increasing population - the fundamental marker of all Ponzi schemes. When you run out of dupes, it collapses, with those that came in last losing the greatest amount of money.

There is no way to make such schemes work once it runs out of cash cows to milk.

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