Define: Ponzi scheme - a form of fraud in which belief in the success of an enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
So social security is objectively a multi-trillion dollar Ponzi scheme that will end in collapse.
If the Federal Reserve is the buyer of last resort for US gubmint debt then what is that scam called? The slavery scheme? It’s a far worse and more nefarious scam than a Ponzi. And it’s what we’ve all been conditioned to call normal.
The Fed scheme
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It’s good and accurate but it doesn’t capture how fucked up this whole scam is.
Not yet but there are no words to describe it because it has never been done before so there no social understanding that would convey the meaning behind it.
