Huffington post has a series of articles how people have been taken in Ponzi schemes. Bernie Madoff is just the latest crook to have been caught. JP Morgan Chase paid $2B in the Madoff probe. The worst part is that this is not limited to those who run Ponzi schemes but bankers, investment companies, and the list goes on, and on. Recently, it was shown how Bankers used the Stock Market to gain wealth. And, although I usually don’t agree with the right wing wackos , how is it that Senators when they leave Washington, go right into some investment corporation? And, let us not forget that it was Bankers who lead to the downturn in housing and 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 its intrinsic value can be set not just by the market, but by government.
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…
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.
