Thursday , 22 February 2024

Tag Archives: Charles Ponzi

Who Are the ‘Greater Fools” Now? (+5K Views)

Many households, financial and non-financial firms and government, may well spend the next decade in debtor’s prison having to tighten their belts to pay for the losses inflicted by a decade of reckless leverage, over-consumption and risk taking. What fools we have been for living beyond our means all these years and taking no fiscal responsibility for our future well-being in the false hope that there always would be a ‘greater fool’ out there than us. Words: 1230

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Ponzi Schemes: What You Need To Know

Ponzi schemes. You’ve heard about them in the news. Charismatic schemers make promises of outsized returns by providing early investors quick returns (made up of money from even newer investors) and then lure thousands of gullible or inexperienced investors into much bigger risks eventually robbing them of million Despite warnings, many people continue to fall for such schemes. This infographic presents the low down on Ponzi schemes.

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