Quotes About Ponzi Scheme

#1. We do not live in an economy, we live in a Ponzi scheme.

Douglas Rushkoff

#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. 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

#4. The whole government is a Ponzi scheme.

Bernard Madoff

#5. 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

#6. The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.

Tim Lee

#7. Spoofing? No. Ponzi scheme? Not at all! Just finance. Legal as hell.

Kim Stanley Robinson

#8. Madoff Securities is the world's largest Ponzi scheme.

Harry Markopolos

#9. 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

#10. 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

#11. 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

#12. 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

#13. 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

#14. 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

#15. The welfare state may be well-intentioned, but it is a Ponzi scheme

Dennis Prager

#16. Social security isn't a ponzi scheme. It's not bankrupting us. It's not an outrage. It is working.

Rachel Maddow

#17. 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

#18. Our oceans have been the victims of a giant Ponzi scheme, waged with Bernie Madoff-like callousness by the world's fisheries.

Daniel Pauly

#19. 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

#20. 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

#21. 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

#22. Worship isn't an event to attend & watch. It's a lifestyle to be lived.

Rick Warren

#23. Whether I like it or not, I've become influential to people.

Maisie Williams

#24. That you gotta go after the things you want, because they might not be there when you finally pull your head out of your ass and realize they're important.

Elisabeth Naughton

#25. Pilot season in L.A. is just this blood bath. They make so many pilots, and such a small percentage are picked up. And then if you are picked up, there are so many variables. You have to get a good time slot, and you have to get promoted. And then you have to thrive in that time slot.

Michaela Conlin

#26. I was hungry and you gave me to eat; I was cold and you clothed me; come, possess the kingdom prepared for you from the foundation of the world.'
He who is the the King of the poor and of kings will say this at His great judgment.

Francis De Sales

#27. If some crazy idea stays in my head for long enough, then there's no fighting it. I just say, Okay, let's go.

Jeff Bridges

#28. Obama sounded like Al Gore on global warming. The more the case for man-made warming falls apart, the more hysterical Gore gets about an imminent catastrophe. The more public support his stimulus bill loses, the more Obama embraces fear-mongering.

Fred Barnes

#29. Such widely different things as war and picnics will surely show a man up.

Bess Truman

#30. Albert Camus did not know he was summing up modern photojournalism when he wrote:Will I kill myself or have a cup of coffee

Sacha Hartgers

#31. Take the money and run.

Woody Allen

#32. You're candy to her. Something sweet, but nonessential.

Heather McVea