Re: How to Identify a Ponzi

[zyk]

I'd appreciate it if people stayed on topic and didn't get into speculation about Pirate on this thread. 

Referring to Pirate's operation is on-topic if you are using it to identify common variables shared with other ponzis or non-ponzis.

Thanks!

interest accrueing currency systems are all ponzis....social security, medicare, ......dollar, euro , yen....they degenereted to low yield investment scams

but nevertheless they are ponzis and are broke, save some green mars inhabitants need green toilet paper!!.....still off topic??

Cheers Zyk

[1715059511]

1715059511

[1715059511]

1715059511

[nrd525]

Some people think/call Social Security a ponzi. Let's look at the facts:

1. High Rate of return
No.

2.  Provides no evidence of business activity
No. They invest in US treasuries.

3. Business activity is "speculation"
No. They hold on to the low-risk treasuries until maturation.

4. Steady rates of return
Yes, but as these are steady LOW rates of return it is NOT an indicator of a Ponzi.

5. Increasing demand for capital
It increases with the size of the population (and its life expectancy) - at a slow rate.

6. Operator hides their identity
The US Government is very well known.

7. A Super Majority of Non-Investors view it as a Ponzi
No. A super-majority of conservative politicians might call it a ponzi, but that is because they oppose the program on the grounds that it costs a ton of money to run it.  They are engaged in partisan politics.


The program is running at a deficit, like many corporations and countries.  This may be very unwise, unsustainable, and you are free to dislike the program.  But that does not make it a ponzi.

[nrd525]

I added this new one:

8. They advertise a "Limited Availability"
They have a low demand for funds.  Especially in the early phase.  Ideally they've got people chomping at the bit to be included in the scheme.

[zyk]

Some people think/call Social Security a ponzi. Let's look at the facts:

1. High Rate of return
No.

2.  Provides no evidence of business activity
No. They invest in US treasuries.

3. Business activity is "speculation"
No. They hold on to the low-risk treasuries until maturation.

4. Steady rates of return
Yes, but as these are steady LOW rates of return it is NOT an indicator of a Ponzi.

5. Increasing demand for capital
It increases with the size of the population (and its life expectancy) - at a slow rate.

6. Operator hides their identity
The US Government is very well known.

7. A Super Majority of Non-Investors view it as a Ponzi

No. A super-majority of conservative politicians might call it a ponzi, but that is because they oppose the program on the grounds that it costs a ton of money to run it.  They are engaged in partisan politics.


The program is running at a deficit, like many corporations and countries.  This may be very unwise, unsustainable, and you are free to dislike the program.  But that does not make it a ponzi.

1. for those at the printing switch unbelievable high !

2. What are US Treasuries, as Benny himself doesn´t know what money is?

3. This is to be seen as a PPT , a ponzi on top of a ponzi !

4. Those are only low at the bottom of the pyramid, at the top the returns are enslaving generations to be paid!!!!!!

5. It increases at the rate of coumpounding interest!

6. Who cares how the puppet is called , who can´t account for 1,5 trillion dollars?

7. When thats the case its time - out...Germany knows what that means....you simpletons urgently need one...to see what your empire is ponziing abroad!

Thats not partisan politics that are the cruel facts of ingnorance...please press ignore before i answer


Cheers Zyk

[nrd525]

1. for those at the printing switch unbelievable high !
You are referring to the entire US monetary system, not specifically Social Security.

2. What are US Treasuries, as Benny himself doesn´t know what money is?
Debt. Have you ever heard of people giving out loans?

3. This is to be seen as a PPT , a ponzi on top of a ponzi !
No reason provided.

4. Those are only low at the bottom of the pyramid, at the top the returns are enslaving generations to be paid!!!!!!
Social security is a mixture of welfare and insurance. So someone who has a low income and lives a long life does get a high return, but most people retiring now are getting a return of around 3-7%.

5. It increases at the rate of coumpounding interest!
Compounding interest at 5% turns everyone into billionaires. It should be illegal =)

6. Who cares how the puppet is called , who can´t account for 1,5 trillion dollars?
No reason provided.

7. When thats the case its time - out...Germany knows what that means....you simpletons urgently need one...to see what your empire is ponziing abroad!
No reason provided.

[zyk]

1. for those at the printing switch unbelievable high !
You are referring to the entire US monetary system, not specifically Social Security.

2. What are US Treasuries, as Benny himself doesn´t know what money is?
Debt. Have you ever heard of people giving out loans?

3. This is to be seen as a PPT , a ponzi on top of a ponzi !
No reason provided.

4. Those are only low at the bottom of the pyramid, at the top the returns are enslaving generations to be paid!!!!!!
Social security is a mixture of welfare and insurance. So someone who has a low income and lives a long life does get a high return, but most people retiring now are getting a return of around 3-7%.

5. It increases at the rate of coumpounding interest!
Compounding interest at 5% turns everyone into billionaires. It should be illegal =)

6. Who cares how the puppet is called , who can´t account for 1,5 trillion dollars?
No reason provided.

7. When thats the case its time - out...Germany knows what that means....you simpletons urgently need one...to see what your empire is ponziing abroad!
No reason provided.

[zyk]

There you have it in 1. already:     social - security is just one of the PPT´s to the entire monetary system

all other reasons will be provided to you in short order, if can google or open your eyes!

Don´t let me do this for you, it´d  be cruzifying

Cheers Zyk

[Rassah]

*face palm* Social Security is insurance, not a ponzi. That entire 7 point list that you applied to social security can be applied to every other insurance product out there, and it'd be wrong.

[zyk]

*face palm* Social Security is insurance, not a ponzi. That entire 7 point list that you applied to social security can be applied to every other insurance product out there, and it'd be wrong.

No!!! , by what is the pitfall of SS covered in the end?

Cheers Zyk

[Phinnaeus Gage]

Full Disclosure: I am replying to this thread without reading a single word of text within.

How to Identify a Ponzi:

#1: See if Pirate's early investors and cohorts are involved in it.

~Bruno~ (not cackling!)

EDIT: My apologies, for the thread has a more serious tone, but in the Bitcoin realm, it's quite possible that my assessment still holds seawater.

[Vod]

A ponzi is simply a scheme that uses new money to pay old debts.  It doesn't need to have a high rate of return.

[Phinnaeus Gage]

A ponzi is simply a scheme that uses new money to pay old debts.  It doesn't need to have a high rate of return.

But it helps! Now, what is that quote by Phineas T Barnum?

~Phinnaeus "Bruno" Gage~

[zyk]

1. for those at the printing switch unbelievable high !
You are referring to the entire US monetary system, not specifically Social Security.

2. What are US Treasuries, as Benny himself doesn´t know what money is?
Debt. Have you ever heard of people giving out loans?

3. This is to be seen as a PPT , a ponzi on top of a ponzi !
No reason provided.

4. Those are only low at the bottom of the pyramid, at the top the returns are enslaving generations to be paid!!!!!!
Social security is a mixture of welfare and insurance. So someone who has a low income and lives a long life does get a high return, but most people retiring now are getting a return of around 3-7%.

5. It increases at the rate of coumpounding interest!
Compounding interest at 5% turns everyone into billionaires. It should be illegal =)

6. Who cares how the puppet is called , who can´t account for 1,5 trillion dollars?
No reason provided.

7. When thats the case its time - out...Germany knows what that means....you simpletons urgently need one...to see what your empire is ponziing abroad!
No reason provided.

concerning 6.   :    http://www.youtube.com/watch?v=3kpWqdPMjmo&feature=related

may i add that this time your SS pitfalls won´t be covered by our SS....

Every try at it will be denied by BITCOIN !

Are you at least able to understand the pretty speach of your Oscar Wilde :

"Our only duty, when confrontating history is to change it!"

Cheers Zyk