Silver as an investment

Category Archives: Ponzi Scheme

Bitscam And Other Extraordinary Insanities

market-ticker.org / by Karl Denninger / 2017-12-06  If you’re too short in attention span to listen to my interview from Monday I guess I can lay it out in text for you. Not that anyone will read more than the first two sentences that’s in the first category….. Any scheme that shares the following single essential element is a ponzi […]

One Chart Explains What Bernie Madoff And Kentucky Public Pensions Have In Common

If Bernie Madoff taught us anything it’s that every successful ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to fund redemptions.  Absent that key component, even the most carefully crafted ponzi, with the best, most creative accounting fabrications in the world, will inevitably fail from a […]

John Embry – We Are Heading Into A Wild Decade Similar To The 1970s

kingworldnews.com / October 03, 2017 With the Dow and Nasdaq hitting new highs, today John Embry told King World News that we are now heading into a wild decade similar to the 1970s. And for those who don’t remember, gold and silver were the best performing assets of the 1970s. John Embry:  “Eric, in my opinion this […]

Yanking The Bank Of Japan’s Chain – “It’s Basic Math, Stupid!”

Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum, Mathematical Certainties Based on the simple reflection that arithmetic is more than just an abstraction, we offer a modest observation.  The social safety nets of industrialized economies, including the United States, have frayed at the edges.  Soon the safety net’s fabric will snap. This recognition […]

Illinois “Budget Deal” Is Likely The Death Knell For The State’s $130 Billion Underfunded Pensions

Last August, in a post that attempted to explain why public pensions are really about $8 trillion underfunded, as opposed to the $3-$5 trillion that you frequently see tossed around in the press, we described pensions in the following way: Defined Benefit Pension Plans are, in many cases, a ponzi scheme.  Current assets are used […]

Precious Metals-Dirt Cheap Insurance, In An Increasingly, Explosively PIMBEEB World

milesfranklin.com / by Andrew Hoffman / Jun 5, 2017 With each passing day, I don’t just think, but know the world cannot, and will not, survive the collapse of history’s largest, most destructive fiat Ponzi scheme without “thousand-year-flood”-like changes in the global political, economic, social, monetary; and likely, military landscape. These changes have unquestionably begun in “second” […]

Ponzi Scheme: What The Chicago Teachers’ Pension Would Be Called If It Were A Hedge Fund

A long, long time ago, back in 2008 when most of today’s hedge fund analysts were still stressing over what to wear to prom, a man named Bernard Madoff was arrested for bilking unsuspecting investors out of $65 billion.  Madoff ran what is traditionally referred to as a ponzi scheme in which new investments were […]

Floating Cities – Can They Escape Taxes & Crime

armstrongeconomics.com / by Martin Armstrong / Apr 14, 2017 Floating cities in the sea are getting closer to reality at the Seasteading Institute. Futurists are already thinking about the founding of cities on the high seas. While the original argument was all about when population growth would make land so scarce we would have to move to the […]

WARNING: U.S. Ponzi Retirement Market In Big Trouble As Withdrawals Now Exceed Contributions

By the SRSrocco Report, The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions.  Actually, the amount of net withdrawals were the highest in history.  When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME. Americans who have invested their […]

Howard Marks Redux: “There They Go Again” – Why Stock Investors Develop Amnesia

Authored by Johnny Hopkins via The Aquirer's Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies […]