Wednesday, November 26, 2008

Debt Rattle, November 26 2008: From the Top of the Great Pyramid

from The Crimson Permanent Assurance- Monty Python Stoneleigh: Everyone has heard of pyramid, or Ponzi, schemes. In their simplest form they are short-lived deliberate frauds where a small number of existing members are paid from the buy-in of a larger number of newer members until the supply of newer members is exhausted, whereupon they collapse. Typically, the founders, and perhaps a few others

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