Huffington Post has a series of articles about people that were cheated by Ponzi schemes. Bernie Madoff is just the latest crook caught. JP Morgan Chase paid $2B in the Madoff probe. The worst part is that many people in the finance sector commit these frauds, not just those who run Ponzi schemes. Bankers, investment companies, and the list goes on, and on.
Recently, reports revealed bankers use the Stock Market to gain wealth. Although I rarely agree with right wing wackos; how is it that when senators leave Washington, go right into some investment corporation? Let us not forget that it was bankers whose greed led to the downturn in housing and also Enron. If you recall, they manipulated power plants and electricity prices. They made their billions off the backs of the poor, and they caused a California Governor to lose his job. Let me add one more to the list; the scheme to bilk you into buying gold. Gold is a precious commodity, but the market sets its value only. Buying gold as a hedge against a market collapse is no guarantee.
The Stock Market by Vernon Justice January 21, 2014 ECONOMIC POLICY I laugh when I see people trying to get people to buy gold. It to…
Corporate Tax Cuts by Vernon Justice January 8, 2014 ECONOMIC POLICY Allow Corporations more freedom, and they will hire more workers, making for a better economy,…
Resources and Wealth by Brad Sandler September 6, 2017 LITERATE ECONOMICS We have a way to measure the resources available to any nation, its called money.
