Monthly Archives: March 2018

15

Welcome to Planet Ponzi

by Mitch Feierstein about 1 month 1 week ago

You know that scene in Mr. Smith Goes to Washington? The one where the good guy, Jimmy Stewart, stands up in the Senate protesting the graft and corruption he sees all around him. He’s not as smart as the other Senators. He was only elected by accident and knows that he’s not properly qualified to […]

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19

What Is a Ponzi Scheme?

by Mitch Feierstein about 1 month 1 week ago

A Ponzi Scheme applies to any investment scheme where the promoter offers crazy returns to attract investors. If you invest your money in such a scheme, you might even get it back – plus some crazy rate of interest – as long as there’s still a flood of money from new investors. But the scheme […]

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22

When Democracy Dies

by Mitch Feierstein about 1 month 2 weeks ago

Planet Ponzi – the massive build-up of debt, the total loss of political transparency – had caused multiple casualties across the world. The failure of banks, the huge rise in government debt, the failure of business, the loss of jobs, the pressure on real incomes – all these things stem from the same dark causes. […]

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