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I like it, Fred.
There are ponzi schemes everywhere one looks. The trouble with them is that they only work pretty good, until somebody tries to take all the money back out at once.
Social Security, which is a dribble, only works if folks take out less than "new investors" and former interest put in. But might be less than a dribble back in, in the future. And every politician that ever was, has robbed it.
Same for the stock market; only works if folks take out less than "new investors" put in. Notice where that went when everybody tried to cash out at once. A steady 10% drain wasn't so bad.
The best ponzi schemes to run, and own, are casinos. Folks always take out less than they put in. I.e. 60/40, house favor...
Wes
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