Ponzi Scheme Quotes

Collection of famous quotes and sayings about Ponzi Scheme.

Quotes About Ponzi Scheme

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The amount of sympathy you get from having an illness is paid out like a Ponzi scheme and psychiatric disorders are all the way at the bottom. ~ Nenia Campbell
Ponzi Scheme quotes by Nenia Campbell
A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings. ~ Amy Goodman
Ponzi Scheme quotes by Amy Goodman
Take the money and run. ~ Woody Allen
Ponzi Scheme quotes by Woody Allen
When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year. ~ Mitchell Zuckoff
Ponzi Scheme quotes by Mitchell Zuckoff
Social Security is unsustainable because it is not meeting the first order condition of a Ponzi scheme, namely expanding the pool of suckers. ~ Walter E. Williams
Ponzi Scheme quotes by Walter E. Williams
The economy is a ponzi scheme. People are working harder than they ever have for less wages, but we have so many bobbles because manufacturing has come up so quickly over the past hundred years that people have the illusion of wealth. ~ Alex Jones
Ponzi Scheme quotes by Alex Jones
The notion of ever more old people needing ever more young people, who in turn will grow old and need ever more young people and so on, ad infinitum, is an obvious ecological Ponzi scheme. ~ David Attenborough
Ponzi Scheme quotes by David Attenborough
The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally. ~ Tim Lee
Ponzi Scheme quotes by Tim Lee
All ponzi schemes are upheld by a centripetal force caused by those orbiting the circles of power, celebrity and wealth and trying to get in. When the ponzi scheme reaches its point of maximum growth, the force disperses and the ponzi scheme collapses. ~ Heather Marsh
Ponzi Scheme quotes by Heather Marsh
It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts. ~ Murray Rothbard
Ponzi Scheme quotes by Murray Rothbard
The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy. ~ John C. Goodman
Ponzi Scheme quotes by John C. Goodman
Nothing was as it seemed in Leo Koretz's make-believe world of mysterious syndicates and Panamanian oil fields. Accounts written long after his death added fresh layers of myth and distortion, but I was determined to learn the truth about a larger-than-life figure who rarely, if ever, told the truth. The real story of the man who pioneered and mastered the Ponzi scheme, is so gripping – and, at times, so incredible – that it needs no embellishment. And it's a story woven into the fabric of the corrupt politics and gang warfare that plagued Chicago in the 1920s. ~ Dean Jobb
Ponzi Scheme quotes by Dean Jobb
We do not live in an economy, we live in a Ponzi scheme. ~ Douglas Rushkoff
Ponzi Scheme quotes by Douglas Rushkoff
Spoofing? No. Ponzi scheme? Not at all! Just finance. Legal as hell. ~ Kim Stanley Robinson
Ponzi Scheme quotes by Kim Stanley Robinson
Now, through an act as simple as walking across a stage and collecting an empty plastic folder representing a degree, our stock had plummeted to nothing, the wretched leavings of some cosmic Ponzi scheme. A lifetime's worth of planning and training and delusion gone with the wind. Some of us were moving home to live free of charge in our parents' guest rooms, or if we were thin enough, heading west to try our luck in L.A.; others, to our collective horror, were being forced to work at actual jobs. ~ Rachel Shukert
Ponzi Scheme quotes by Rachel Shukert
There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions. ~ Dambisa Moyo
Ponzi Scheme quotes by Dambisa Moyo
It was in Las Vegas that Eisman and his associates' attitude toward the U.S. bond market hardened into something like its final shape. As Vinny put it, "That was the moment when we said, 'Holy shit, this isn't just credit. This is a fictitious Ponzi scheme.'" In Vegas the question lingering at the back of their minds ceased to be, Do these bond market people know something we do not? It was replaced by, Do they deserve merely to be fired, or should they be put in jail? Are they delusional, or do they know what they're doing? Danny thought that the vast majority of the people in the industry were blinded by their interests and failed to see the risks they had created. Vinny, always darker, said, "There were more morons than crooks, but the crooks were higher up. ~ Michael Lewis
Ponzi Scheme quotes by Michael Lewis
There is no need for an end to fish, or to fishing for that matter. But there is an urgent need for governments to free themselves from the fishing-industrial complex and its Ponzi scheme, to stop subsidizing the fishing-industrial complex and awarding it fishing rights, when it should in fact pay for the privilege to fish. ~ Daniel Pauly
Ponzi Scheme quotes by Daniel Pauly
A bubble starts when any group of stocks, in this case those associated with the excitement of the Internet, begin to rise. The updraft encourages more people to buy the stocks, which causes more TV and print coverage, which causes even more people to buy, which creates big profits for early Internet stockholders. The successful investors tell you at cocktail parties how easy it is to get rich, which causes the stocks to rise further, which pulls in larger and larger groups of investors. But the whole mechanism is a kind of Ponzi scheme where more and more credulous investors must be found to buy the stock from the earlier investors. Eventually, one runs out of greater fools. ~ Malkiel Burton
Ponzi Scheme quotes by Malkiel Burton
The Republican candidates are talking about ways to transition this program and it is a monstrous lie. It is a ponzi scheme to tell our kids that are 25 or 30 years old today that you're paying into a program that's going to there. Anybody that's for the status quo with Social Security today is involved with a monstrous lie to our kids, and it's not right. ~ Rick Perry
Ponzi Scheme quotes by Rick Perry
The welfare state may be well-intentioned, but it is a Ponzi scheme ~ Dennis Prager
Ponzi Scheme quotes by Dennis Prager
Evil is limited. One cannot form
A scheme for universal evil. ~ Philip James Bailey
Ponzi Scheme quotes by Philip James Bailey
Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class. ~ Matt Taibbi
Ponzi Scheme quotes by Matt Taibbi
The two basic problems for any overarching classification scheme in it rapidly changing and complex field call be described as follows. First, any classificatory decision made now might by its nature block off valuable future developments. ~ Geoffrey C. Bowker
Ponzi Scheme quotes by Geoffrey C. Bowker
For [Stephen] Harper, a national daycare plan bordered on being a socialist scheme, a phrase he had once used to describe the Kyoto Protocol on climate change. For [Paul] Martin, whose plan would have transferred to the provinces $5 billion over five years, the national program was what Canadianism was all about. "Think about it this way," [Martin] said. "What if, decades ago, Tommy Douglas and my father and Lester Pearson had considered the idea of medicare and then said, 'Forget it! Let's just give people twenty-five dollars a week.' You want a fundamental difference between Mr. Harper and myself? Well, this is it. ~ Lawrence Martin
Ponzi Scheme quotes by Lawrence Martin
The span of three or four minutes is pretty insignificant in the scheme of things. People lose hundreds of minutes everyday, squandering them on trivial things. But sometimes in those fragments of time, something can happen you'll remember the rest of your life. ~ Lisa Kleypas
Ponzi Scheme quotes by Lisa Kleypas
My earlier views of the unsoundness of the Christian scheme of salvation and the human origin of the scriptures have become clearer and stronger with advancing years, and I see no reason for thinking I shall ever change them. ~ Abraham Lincoln
Ponzi Scheme quotes by Abraham Lincoln
A wine-colored welt of scar tissue had bubbled up in the little stab hole; it was interesting to look at, like a small blob of pink glue, and it reminded her in a good way of Lawrence of Arabia, burning himself with matches. Evidently that sort of thing built soldierly character. "The trick," he'd said in the movie, "is not to mind that it hurts." In the vast and ingenious scheme of suffering, as Harriet was now beginning to understand it, this was a trick well worth learning. ~ Donna Tartt
Ponzi Scheme quotes by Donna Tartt
Though the enemy be stronger in numbers, we may prevent him from fighting. Scheme so as to discover his plans and the likelihood of their success. ~ Ralph D. Sawyer
Ponzi Scheme quotes by Ralph D. Sawyer
Being an # entrepreneur is not a get-rich scheme; it takes # strength of character to keep going. ~ Robert Kiyosaki
Ponzi Scheme quotes by Robert Kiyosaki
Economic growth springs not chiefly from incentives - carrots and sticks, rewards and punishments for workers and entrepreneurs. The incentive theory of capitalism allows its critics to depict it as an inhumane scheme of clever manipulation of human needs and hungers scarcely superior to the more benign forms of slavery. Wealth actually springs from the expansion of information and learning, profits and creativity that enhance the human qualities of its beneficiaries as it enriches them. Workers' learning increasingly compensates for their labor, which imparts knowledge as it extracts work. Joining knowledge and power, capitalism focuses on the entropy of human minds and the benefits of freedom. Thus it is the most humane of all economic systems. ~ George Gilder
Ponzi Scheme quotes by George Gilder
I always felt mean, jogging back over the logging road,As if I had broken the natural order of things in that swampland;Disturbed some rhythm, old and of vast importance,By pulling off flesh from the living planet;As if I had committed, against the whole scheme of life, a desecration. ~ Theodore Roethke
Ponzi Scheme quotes by Theodore Roethke
It will, of course, be said that such a scheme as is set forth here is quite unpractical, and goes against human nature. This is perfectly true. It is unpractical, and it goes against human nature. This is why it is worth carrying out, and that is why one proposes it. For what is a practical scheme? A practical scheme is either a scheme that is already in existence, or a scheme that could be carried out under existing conditions. But it is exactly the existing conditions that one objects to; and any scheme that could accept these conditions is wrong and foolish. ~ Oscar Wilde
Ponzi Scheme quotes by Oscar Wilde
Because no doctor or scientist of any sort, no one at all, really knows much of anything in the grand scheme of things. All we can do is speculate, chip away at our lonely perception of the truth, spew guesswork out of our learned mouths, and at the end of the day just have a cold beer. ~ Anonymous
Ponzi Scheme quotes by Anonymous
Given all the centuries of hatred toward them, it is a miracle any Jews survived. Consider the historical record and look at the mighty empires, regimes and civilizations the Jewish people have outlasted: Ancient Egypt, the Philistines, the Assyrian Empire, the Babylonian Empire, the Persian Empire, the Greek Empire, the Roman Empire, the Byzantine Empire, the Crusaders, the Spanish Empire, the Soviet Union and the Third Reich. All have crumbled one way or another and none remain today. And yet, against all odds, the Jewish people – a tiny community in the scheme of things – are still here, punching above their weight. ~ James Morcan
Ponzi Scheme quotes by James Morcan
They were actually sitting at a table, like two old friends, not like the hunter
and the hunted. And it wasn't especially awkward. They were comfortable together,
despite the fact that she'd hit him with a bus. Maybe his scheme would work. ~ Janet Evanovich
Ponzi Scheme quotes by Janet Evanovich
My mother neither encouraged the reading of science fiction nor did she disparage it. She told me later that there was a scheme of things. Young people were first drawn to fiction, but as they grew older they were pulled more and more into nonfiction and biography, because nonfiction is so much more tragic, engrossing, and hilarious than anything else that could be invented. In this grand scheme, comic books and science fiction were just fine. They filled the need for a certain amount of time, and you moved on when that need was no longer filled. ~ Don Borchert
Ponzi Scheme quotes by Don Borchert
When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to Paul; they neglect to mention that this additional money must be seized from Peter. ~ Henry Hazlitt
Ponzi Scheme quotes by Henry Hazlitt
The production team's first meeting took place at my house. I had ideas and a color scheme in mind, how I wanted the movie to look, because that has to be a real collaboration. ~ Debbie Allen
Ponzi Scheme quotes by Debbie Allen
All this technology for connection and what we really only know more about is how anonymous we are in the grand scheme of things. ~ Heather Donahue
Ponzi Scheme quotes by Heather Donahue
That which is useless dies. Animals that fail to serve some useful purpose in the scheme of things slowly but surely become extinct. Let any part of the human body cease to perform its ordained function, and it withers-as when an arm is kept long in a sling. This same decree, that nothing useless is permitted to survive, runs through the mind of the industrial world. ~ B.C. Forbes
Ponzi Scheme quotes by B.C. Forbes
Sorrow and respect didn't follow a color scheme. ~ Henning Mankell
Ponzi Scheme quotes by Henning Mankell
I know I'm on a small cable reality show. I'm realistic where I stand in the scheme of things. ~ Jai Rodriguez
Ponzi Scheme quotes by Jai Rodriguez
Circumstances give in reality to every political principle, its distinguishing colour, and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind. ~ David Trimble
Ponzi Scheme quotes by David Trimble
In my paper the fact the XY was not equal to YX was very disagreeable to me. I felt this was the only point of difficulty in the whole scheme ... and I was not able to solve it. ~ Werner Heisenberg
Ponzi Scheme quotes by Werner Heisenberg
She was particularly curious about the Viginians, wondering if, as slaveholders, they had the necessary commitment to the cause of freedom. "I have," she wrote, "sometimes been ready to think that the passions for liberty cannot be equally strong in the breasts of those who have been accustomed to deprive their fellow creature of theirs." What she felt about those in Massachusetts who owned slaves, including her own father, she did not say, but she need not have
John knew her mind on the subject. Writing to him during the First Congress, she had been unmistakably clear: "I wish most sincerely there was not a slave in the province. It always seemed a most iniquitous scheme to me
[to] fight ourselves for what we are daily robbing and plundering from those who have as good a right to freedom as we have. ~ David McCullough
Ponzi Scheme quotes by David McCullough
Success is a scary concept because it assumes something kind of final. In the grand scheme of life, I don't think there is some ultimate success. ~ Sophia Amoruso
Ponzi Scheme quotes by Sophia Amoruso
...that's what a book should do. It should tie you up, it should work you up, make you think, make you see, make you feel extra happy and sorrowful, extra nervous and bold. It must be dream laden, scheme sodden, soul shaking. And it must do all of this as mysteriously as a left-handed curveball coming at your head, twisting and spinning and making you duck until, at the very end, it magically crosses home plate, with such grace and command that it humbles, crumbles, and amazes you. ~ John H. Ritter
Ponzi Scheme quotes by John H. Ritter
You cannot choose between party government and Parliamentary government. I say you can have no Parliamentary government if you have no party government; and therefore when gentlemen denounce party government, they strike at the scheme of government which, in my opinion, has made this country great, and which, I hope, will keep it great. ~ Benjamin Disraeli
Ponzi Scheme quotes by Benjamin Disraeli
Life's in parts, and some go together and some don't, and some incongruously don't, and the whole scheme is better left to itself. ~ Joseph McElroy
Ponzi Scheme quotes by Joseph McElroy
The full retirement age is 67 and the lifespan is 80, so when they first conceived Social Security, they didn't think they were going to be paying benefits for 13-15 years. That's one of the reasons why this pyramid scheme isn't working. ~ Joe Heck
Ponzi Scheme quotes by Joe Heck
Surely there must be some way to find a husband or, for that matter, merely an escort, without sacrificing one's privacy, self-respect, and interior decorating scheme. For example, men could be imported from the developing countries, many parts of which are suffering from a man excess, at least in relation to local food supply. ~ Barbara Ehrenreich
Ponzi Scheme quotes by Barbara Ehrenreich
All my life, I ain't understand shit about what was going on. A thing just happen, then something else happen, then something else, an so on, and half the time nothing making any sense. But Dan say it is all part of a scheme of some sort, and the best way we can get along is figure out how we fit into the scheme, and then try to stick to our place. Somehow knowing this, things get a good bit clearer for me. ~ Winston Groom
Ponzi Scheme quotes by Winston Groom
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