I wouldn't call them scams, but the numbers are bullshit. An 11% annual return looks great compared to 2% inflation, but the Chapwood Index shows a 13% inflation, not the lies they tell you on TV.
Discussion
The main point the “great taking” is making is that if you have stocks and bonds in brokerage accounts you don’t actually own them, nor do the brokerage firms.
It’s all been obfuscated in legalese. So yes, they basically are a scam. If we have a true systemic financial collapse everyone will find out the hard way
Fair enough. Same is true with anything other than bitcoin. You can never own uour house. If you pay it off, you still owe ren...I mean "property taxes" to your landlord...I mean "the state".
Ha yea. I’m going to look into land patents deeper on my next property purchase. Seems like the only way