Charles Ponzi and Building Pyramids
A favorite SHTF Plan contributor and author of the satirical blog Outside the (Cardboard) Box, Tom of the North, brings back to life Charles Ponzi, the man credited with inventing the modern day pyramid scheme, or as Mr. Ponzi would like it referred to, a “pyramid system”.
While painfully modest with respect to his massive impact on the creation of modern Esoteric Financial Products, Ponzi merely shrugs when it is suggested that Old Colony Foreign Exchange is the model that the current overall U.S. Federal System of Finance, as well as the specific monolithic entitlement and benefit programs also promulgated by the Government, are largely based upon. “I guess that’s why they brought me back” he offers. And since being raised from the Dead, Ponzi has been one frenetic cadaver! Assembling staff and creating policy can be incredibly demanding for a Government Employee in their prime, let alone one who has been dead for over 60 years.
Read the full essay from Tom of the North…
Author: Mac Slavo
Date: January 15th, 2010
Visit the Author's Website: http://www.SHTFplan.com/
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January 16th, 2010 at 10:14 am
Excellent mini-history, Tom.
January 16th, 2010 at 1:20 pm
Thanks Joe! Not to correct you but this isn’t History. This is Current Events my friend. This is a Ponzi System in action, plain & simple……
January 17th, 2010 at 9:05 am
Y’know…..you’re right (shudder)!