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Wall St is more of a Ponzi Scheme than Social Security is.

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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 03:26 AM
Original message
Wall St is more of a Ponzi Scheme than Social Security is.
http://www.amazon.com/Liars-Poker-Rising-Through-Wreckage/dp/0140143459

http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827
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DrunkenBoat Donating Member (584 posts) Send PM | Profile | Ignore Thu Sep-29-11 03:44 AM
Response to Original message
1. hearty agreement.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:06 AM
Response to Original message
2. More like a casino where The House always wins.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:09 AM
Response to Original message
3. Add the Insurance business n/t
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:12 AM
Response to Original message
4. Look at Greece and tell me you are completely confident the kids will pay for us.
If you have that faith then you are comfortable believing a pay as you go system will guarantee you funds.

Personally I'm diversifying because you can't count on anything nowadays.
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quaker bill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 05:20 AM
Response to Reply #4
5. an adjustment to tax ceiling
makes the program financially sound and fully funded without a rate increase for 75 years. Kids will not pay for the 2.5 trillion in t-bills. It will be monetized and inflated away. There is far less monetization needed here than there was in TARP.
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 01:47 PM
Response to Reply #4
6. Look at Gordon Gekko and Bud Fox and tell me you are completely confident they'll pay for you.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 11:59 PM
Response to Reply #6
7. Stocks, real estate, gold, annuities.
You need some of everything. I'm not putting everything in the stock market either.
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 01:05 AM
Response to Reply #7
9. I'm a Winner, and you can, too?
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-30-11 12:02 AM
Response to Reply #4
8. spoken like a true... well, dkf, i suppose.
:shrug:
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