Peter Schiff, Ron Paul, Max Keiser – Social Security Ponzi Scheme
Peter Schiff, Daffo Paul, Max Keiser – Social Security Ponzi Scheme
Peter Schiff, Daffo Paul, Max Keiser – Social Security Ponzi Scheme
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This is scary propaganda. Social security has over a trillion dollar surplus. Reagan, Bush, and Bush II are the reasons it’s depleted (and they’re the reason for the deficit). This video is garbage and doesn’t follow common sense.
That’s what friends and family are for, dumbass. There are plenty of people who help strangers and give to charity. You’re just an idiot who thinks the government should be chewing his food and wiping his ass for him.
Right, your life always goes exactly the way you planned it, nothing unexpected ever happens . . . said the spider to the fly !
Gee, I wished all my retirement had been invested in Wall Street !
Stories of all those collapsed retirement funds that were tied to Wall Street investments are probably lies told by the liberal left !
How about everyone saves money during their working lives instead of blowing it on bullshit like big screen TVs, overpriced “fashionable” clothes and get-rich-quick stockmarket schemes? Then they’d have enough for retirement. Imbecile.
I am suspicious because NOBODY is addressing all of the outsourced JOBS as job loss. I think they are skirting the issue and creating a spin on yet another failure of the market to self-regulate, like Enron, by comparing SS to Madoff. Madoff was an operator in the PRIVATE sector. How can they compare that with SS????
Social security is proof positive that the american people have dogshit for brains.You wonder why the politicians rob you?…because you ask them to! Americans are beneath contempt for their voluntary mercenary stupidity.The more of you that disapear in fema camps the better off the world will be.
bigmick, go back and listen to this vid again.
Peter Shiff knows his stuff, and even though I’m not American, I would be going out of my way to help getting him into the Senate. You guys badly need someone who isn’t blatantly corrupt.
I guess they are hoping that obesity will work its magic.
It’s baffling stuff to me….all the financial chicanery th@ goes on. From wh@ I can make of this….
….Ponzi ain’t cool ;-j
Agreed. We are now in a reverse pyramid. We have too many elderly people and not enough able workers contributing into the scheme. It has worked in the past because of a moderate default rate of around 5%. Now that unemployment is 10% and above(real numbers) the numbers just don’t add up.
That’s common sense, I simply don’t understand how people think this can be averted. Are people so utterly brainwashed by this propagated economic system?
Keynesian economics should never have started in the first place. How people even look at money without laughing is beyond me.
I once asked someone to pay me £10, without a promise, I actually wanted £10….. Couldn’t be done. Only paper round here too. Ponzi scheme’s are seen as legitimate within governments…… Why? Simple profit.
Without a doubt, I guess there is one good thing that will come out of this depression. No more entitlement programs.
Under *any* civilized system, younger workers have to support older non workers. The only alternative is to led the elderly starve to death or make them work till they drop. What other options could there be?
You don’t know how a Ponzi scheme works. A Ponzi scheme temporarily pays more out than it takes in by expanding with more and more new investors. Ponzi scheme is also called a pyramid scheme because the base (new investors) is much larger than the peak (old investors). What you describe is a steady number of investors with new money paying old. If you can prove that’s how SS works to, fine, but then your rebuttle isn’t that it’s a working Ponzi scheme but that it’s not a Ponzi scheme at all.
Send him some money then….. I did….Lets get off this marry go round of debt and get back to being an Industrial Technical GIANT
Peter Schiff again delivers a flawless answer to a complicated question. A true genius, we’re all indebted to him for giving up his life and running for office.
You can find a detailed rebuttal to the flawed premise of this video at
mickanomics-blogspot-com in the current (5th september) entry.
Even without this crisis, social security could not survive because of the silver tsunami aka baby boomers. There will not be a labor force big enough to support the baby boomers. This crisis is only going to help end social security sooner. It should never have been started to begin with. The politicians knew it would eventually end like this, but those that put in place helped their career out, and that’s all they wanted.
No jobs means no paying into Social Security. I believe this was created to happen to help kill it. The Insiders know darn well what they have done and they want the people to depopulate by not having means to survive.
Peter Schiff for Senate!!!
I find Max very annoying
Man, ponzi waas a piker ocmpared to ss