December 31, 2008
– Comments (4)
Remember, we have more ponzi schemes left to uncover in the new year... including the USD.
Happy New Year, Fools!
The best way to rob a bank- Buy it!!!
Nobody should ever confuse Social Security with investing. The social security program was never intended to be any sort of retirement program that returns money to the individual "investor" that put the money in. That is a false comparison that continues to be inappropriately perpetuated, sometimes deliberately, but mostly due to lack of understanding.
Social Security was enacted into law in 1935 as a social insurance program designed to keep people out of poverty. During the Great Depression widows, children, disabled, unemployed, and the elderly lived and died in destitution. As a wealthy country, we decided we didn't want to watch widows and children starve on our streets. Now all wage earners pay a % of their earnings into the system and that money is paid out to qualified individuals. Social Security has been accomplishing it's goal admirably since 1935 and is currently keeping an estimated 40% all Americans age 65 or older out of poverty. Pretty amazing given the vastly larger number of people over 65 in 2008 compared with 1935.
So please don't compare Madoff and his $50B criminal fraud to the Social Security System. They are not even close to being the same thing.
FutureMonkey - If we have to explain the cartoon to you.....