I don’t think that you need a video for that. A Ponzi scheme is really really simple in its original form, and the basic structure is always the same, just google it.
Going to war provides no benefit that cannot be equally well achieved by employing a comparable number of people to dig holes in the ground and fill them up again.
But you needn’t worry about projects for investment - y’all have a backlog of several trillion € of neglected infrastructure maintenance alone, nevermind new projects.
The problem is that your political class seems to think that bailing out the stupid fools who torpedoed the economy in the first place is more important.
I think Sal should do a video on what he feels is the best way to end this crises if he were president. I’m wondering if he feels that building new bridges, roads, and increase government spending on education will trigger enough capital to get the world out of this mess we’re in. Or does he think starting a war like we did after the Great Depression will be the best solution.
Discussion
August 3rd, 2009 at 5:12 PM
I don’t think that you need a video for that. A Ponzi scheme is really really simple in its original form, and the basic structure is always the same, just google it.
August 3rd, 2009 at 5:12 PM
Going to war provides no benefit that cannot be equally well achieved by employing a comparable number of people to dig holes in the ground and fill them up again.
But you needn’t worry about projects for investment - y’all have a backlog of several trillion € of neglected infrastructure maintenance alone, nevermind new projects.
The problem is that your political class seems to think that bailing out the stupid fools who torpedoed the economy in the first place is more important.
August 3rd, 2009 at 5:12 PM
Good job on the video
August 3rd, 2009 at 5:12 PM
I think Sal should do a video on what he feels is the best way to end this crises if he were president. I’m wondering if he feels that building new bridges, roads, and increase government spending on education will trigger enough capital to get the world out of this mess we’re in. Or does he think starting a war like we did after the Great Depression will be the best solution.
August 3rd, 2009 at 5:12 PM
Lol, so you want to learn how to do a Ponzi?
August 3rd, 2009 at 5:12 PM
you should do a video on stock schemes (i.e. boiler room, enron, madoff)
those would be really interesting
August 3rd, 2009 at 5:12 PM
nice, thx