A Ponzi scheme (/ˈpɒnzi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator provides fabricated reports and generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.
The whole government is a Ponzi scheme.
Bernard Madoff
~196~ The Huge Fraud Behind Our Stock Market
https://www.youtube.com/watch?v=eVUyBR_MM6Y
Madoff: "US is a Ponzi scheme"
https://youtu.be/JLx5BwebIDo
https://en.wikipedia.org/wiki/Ponzi_scheme
The whole government is a Ponzi scheme.
Bernard Madoff
~196~ The Huge Fraud Behind Our Stock Market
https://www.youtube.com/watch?v=eVUyBR_MM6Y
Madoff: "US is a Ponzi scheme"
https://youtu.be/JLx5BwebIDo