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Another day, another $50B fraud ...
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Forum:
News
Category:
Money
Miscellaneous
Thread ID:
01366843
Message ID:
01366941
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8
Of course, when you consider Inflation and Currency Devaluation, they are loosing money; and there is still risk of default considering the US is bankrupt.

Bob

>>>>http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest
>>>
>>>Perhaps the Ponzi scheme should be given a new name?
>>
>>Or switch to more consumer friendly names - stock market or real-estate market - same things.
>
>Yeah, they've been doing great, haven't they? I read the other day that the U.S. government came out with a new issue that pays 0% interest but is guaranteed not to lose value. It quickly sold out and there were three or four times as many people who wanted to invest in it than there was room for. Think about that for a minute. All the traditional places to put your money are so far in the toilet people will gladly get into something GUARANTEED NOT TO MAKE MONEY just to hang onto what they've got.
'If the people lead, the leaders will follow'
'War does not determine who is RIGHT, just who is LEFT'
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