Tuesday, January 27, 2009

Ponzi?!


You hear a lot in the news about ponzi schemes these days.

The definition is:
A Ponzi Scheme is a fraudulent investment operation that pays returns to investors out of the money paid by subsequent investors rather than from profit.

When I read that, I can't help but think that we are all currently being fooled by the biggest ponzi scheme of all. As it stands now, the government is bailing us out of our current financial meltdown with dollars that will ultimately be paid by younger generations sometime in the future. We are doomed!

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