PeakOil is You
Ponzi scheme stick thread?
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Ponzi scheme stick thread?
by Spanktron9 » Tue 27 Jan 2009, 13:58:08
Who are you going to turn to when all the crazy Peak-oil doomers end up being right?
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Spanktron9 - Lignite
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Re: Ponzi scheme stick thread?
by amherst23 » Wed 28 Jan 2009, 00:55:58
$this->bbcode_second_pass_quote('Spanktron9', '[')url=http://www.bloomberg.com/apps/news?pid=20601087&sid=aD69KX5PUmyI&refer=home]Daily Ponzi scheme[/url]
i have been reading about ponzi schemes.... just in jan 2009 alone over 20 of these all this highlighted on a madoff fraud site
take a peek here for lots of information and links nicely categorized and organized even a humor section on the scam of the century
http://madofffraud.boomja.com/
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amherst23 - Wood
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Re: Ponzi scheme stick thread?
by lawnchair » Wed 28 Jan 2009, 09:13:53
These guys are not inconsequential. Real businesses, doing real things, with real books, with real 4% profits, were being strangled for capital because, hey, I can go get 8% with Madoff (or AAA-rated mortgage-securities, or CDSs, or whatever).
Reality hadn't changed. Making 5% was as hard as it ever was. Market said, "hey, do what you gotta do... slave labor? lowered quality? eat your seed-corn? I don't care... just gimme 8%".
Reality hadn't changed. Making 5% was as hard as it ever was. Market said, "hey, do what you gotta do... slave labor? lowered quality? eat your seed-corn? I don't care... just gimme 8%".
At 1% annual growth, human bodies will incorporate every gram in the observable universe in approximately 10,170 years.
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lawnchair - Tar Sands
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