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In a Ponzi scheme, you give money to the Ponzi operator, the operator does "complicated" things with it, those who withdraw early do well but at some point ther
by marze 15y ago
In a Ponzi scheme, you give money to the Ponzi operator, the operator does "complicated" things with it, those who withdraw early do well but at some point there is no money.
How is this different from the bailed-out banks, or an over leveraged banking system in general?
- Ant11 15y agoIn a Ponzi scheme you have to actually participate to get burned.
- fleitz 15y agoIf you don't participate in the global economy you can't get burned by it. People who subsistence farm are largely immune to problems in the global economy.
- marze 15y agoNot if it was such a large Ponzi scheme that it impacted the global economy.
- salvadors 15y agohttp://en.wikipedia.org/wiki/1997_rebellion_in_Albania http://en.wikipedia.org/wiki/1997_rebellion_in_Albania