Archives for: Planet Ponzi

  On the first day of Christmas, my country gave to me A debt bigger than GDP Yep, that’s right. US Public debt stands at more than 100% of GDP. The last time debt was this high, we were fighting a World War across two continents and building a peaceful prosperous world, whose basic shape […]

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Planet Ponzi Book Review by Ian Mann

by Mitch Feierstein about 10 years 4 months ago

Planet Ponzi by Mitch Feierstein CHARLES Ponzi, an Italian, landed in Boston in 1903 with $2.50 in cash. He died in in poverty in a charity hospital in Rio de Janeiro, but he left a legacy – the Ponzi scheme. Desperate to get rich, Ponzi discovered that Italian prepaid stamps – the sort used to […]

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