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Ponzi Scheme Quotes

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Ponzi Scheme Quotes

“Levine said. "And that was so much more cynical than how I would have described farming. You're just like, well, I'm in the Ponzi business and it's pretty good." Bankman-Fried said that was a reasonable response. "I think there's like a sort of depressing amount of validity...”

Ponzi SchemeSam Bankman FriedMatt Levine
Book:Weidenfeld Nicolson Number Go Up Inside Cryptos Wild Rise and Staggering Fall.
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“I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.”

KnowsMeanDoeMadeSocialTermIssuesSecurityCallingCloudsFolksCurrentsPlentyUrgesFraudSchemesSocial SecurityMisleadPonzi Scheme
Author:Mitchell Zuckoff
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“When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.”

MenWayYearsLittlesDoeWould BeRunningSpeakCoreEnormousOne WaySmokeUnexpectedInvestorsSchemesPrincipalCurtainsPercentagesWithdrawalLittle ManPonzi SchemeBlowing Smoke
Author:Mitchell Zuckoff
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“The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.”

PeopleLongEndsReasonTodayYoungSocialNumbersPaySecurityFineTomorrowEuropeCrisisFasterRisingJapanSchemesOld PeopleSocial SecurityPensionRatiosPonzi Scheme
Author:Milton Friedman
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“The Republican candidates are talking about ways to transition this program and it is a monstrous lie. It is a ponzi scheme to tell our kids that are 25 or 30 years old today, you're paying into a program that's going to be there. Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and it's not right.”

WayYearsKidsTodayLyingSocialTalkingCrazySecurityInvolvedRepublicanProgramCandidatesTransitionSchemesStatus QuoSocial SecurityMonstrousPonzi Scheme
Author:Rick Perry
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