Comments on: The $ 11 Trillion Ponzi Scheme

By: Not An Idiot

Not An Idiot — Tue, 03 Mar 2009 02:49:18 +0000

THE HUMAN RACE IS INFESTED WITH IDIOTS, IS SOURCE OF # OF PROBLEMS.

By: Marco

Marco — Mon, 19 Jan 2009 12:53:44 +0000

Hi Nate. Having worked for over 40 years and paying into the SS system (along with my employers), at age 65 there would have been over 450K if I could have received the cash and put it into a 5% interest bearing investment (CDs, Savings Bonds, etc., but not stocks). I certainly would prefer to take that amount and draw only the interest, which is about the same as my current monthly check and when I pass on, I could pass on the principal to my heirs.
So Nate, please don’t suggest that I’m getting a free ride. We are all victims of the SS scheme, which operates much as a Ponzi scheme. If you don’t like it, and I can’t imagine anyone would, then start getting more active in the political process. I wish I had…

By: Marc Kantoori

Marc Kantoori — Sun, 11 Jan 2009 08:20:04 +0000

Hi Nate, I agree with you that Social Security will too collapse. We pride ourselves with what we have achieved, but is it really something to be proud of? Our future generations are in deep trouble.

Here is what indigenous people of the rainforest say about their so-called ‘primitive’ state of being:

We’ve always developed. We’ve cultivated forest plants, learned new ways to fish and hunt; our shamans are constantly understanding new things about healing, journeying, and using herbal remedies. We’ve developed too — but the difference is in how it happened. Our way has always! taken into account all other live forms and the lives of our children’s children. For us the word ‘progress’ does not apply if it threatens other species or could possibly harm future generations. How could that be progress? So we’ve developed in parallel to you — only we’ve done it very, very differently

By: Nate

Nate — Sat, 10 Jan 2009 18:36:04 +0000

Unless I missed it, I didn’t even see anything about Social Security. I feel like that is the biggest Ponzi of them all. Us younger people (newer investors) are paying in so the older investors can earn their returns, which are much larger than what they paid in. Eventually it will collapse, probably leaving nothing for people like me.