Top 34 Ponzi Quotes
#1. What is interesting is that elephants can accurately and reliably figure out who is friend and who is foe. Compare this to us humans, who still walk down dark alleys at night, fall for Ponzi schemes, and buy lemons from used-car salesmen.
Jodi Picoult
#2. All of which is mostly bullshit. The reality is that it's just like any other Ponzi scheme: the guys at the top are doing pretty well, but the guys on the bottom are doing Amway pitches in trailer parks.
Tod Goldberg
#3. Ponzi schemes don't trickle down, they siphon up.
Heather Marsh
#4. The economy is a ponzi scheme. People are working harder than they ever have for less wages, but we have so many bobbles because manufacturing has come up so quickly over the past hundred years that people have the illusion of wealth.
Alex Jones
#5. Ponzi had been in Brazil, and then Argentina, where he bought a boardinghouse populated by prostitutes, along with a hot dog stand. He had hoped it would be the start of a national chain.
Glenn Beck
#7. I think that fact alone levels everything. Slapstick amazes me, the folly of humans today, the Ponzi schemes, giving birth to eight babies at once, it's amazing ... And I know, it's horrible to have your money stolen and all that, but those are amazing stories.
Laurel Nakadate
#8. In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.
Alex Berenson
#9. A growing nation is the greatest ponzi game ever contrived.
Paul Samuelson
#10. The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.
Tim Lee
#13. The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy.
John C. Goodman
#14. Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.
John Stossel
#15. There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions.
Dambisa Moyo
#16. Remember we don't have a crystal ball and all business is risky no matter what company you are joining Ponzi or not. This will never change no matter what you're doing so let's make sure you have a plan b and c or more.
Cory Crabb
#17. Each exposure of previously secret misdeeds - steroid use, Ponzi schemes, rigged intelligence - produces an acute and debilitating psychological effect.
Christopher L. Hayes
#18. All ponzi schemes are upheld by a centripetal force caused by those orbiting the circles of power, celebrity and wealth and trying to get in. When the ponzi scheme reaches its point of maximum growth, the force disperses and the ponzi scheme collapses.
Heather Marsh
#19. My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.
Mitchell Zuckoff
#21. No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.
Mitchell Zuckoff
#22. Our oceans have been the victims of a giant Ponzi scheme, waged with Bernie Madoff-like callousness by the world's fisheries.
Daniel Pauly
#23. The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.
Gary Johnson
#24. Social security isn't a ponzi scheme. It's not bankrupting us. It's not an outrage. It is working.
Rachel Maddow
#25. The welfare state may be well-intentioned, but it is a Ponzi scheme
Dennis Prager
#26. The amount of sympathy you get from having an illness is paid out like a Ponzi scheme and psychiatric disorders are all the way at the bottom.
Nenia Campbell
#27. It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts.
Murray Rothbard
#28. The notion of ever more old people needing ever more young people, who in turn will grow old and need ever more young people and so on, ad infinitum, is an obvious ecological Ponzi scheme.
David Attenborough
#29. Social Security is unsustainable because it is not meeting the first order condition of a Ponzi scheme, namely expanding the pool of suckers.
Walter E. Williams
#30. A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings.
Amy Goodman
#31. Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.
George Will
#34. I landed in this country with $2.50 in cash and $1 million in hopes, and those hopes never left me,
Charles Ponzi
Famous Authors
Popular Topics
Scroll to Top
