The Trumpet.com:

Anyone can work a simple swindle. But you need to be a special kind of con man to bilk billions from otherwise intelligent people. Bernard L. Madoff was one such man. Charles Ponzi was another. But the biggest fraud and scam master of all goes by the name of Uncle Sam.

Is it possible you are a victim of a con man promising mathematically impossible returns and don’t even know it? Each day Americans shell out money, collectively, to the tune of billions of dollars—and many will not see a penny of it ever again. Yes, the economy is one great big Ponzi scheme, built upon many small Ponzi schemes. And mathematical probability guarantees that one day—and sooner rather than later—you will wake up and find your money gone.

Social Security is probably the most blatant example of how the government has turned the economy into an unsustainable Ponzi scheme.

For instance, there is no money in the Social Security trust fund.
Yes, you and I might have paid into Social Security, but we will never see any of those dollars ever again. All the money currently sent in is used to pay current retirees. And the excess is not saved for future generations. Instead, the government takes it out for general-purpose spending: Think Ponzi’s fancy clothes and gold-handled canes times a trillion.

Medicaid and Medicare are two other Ponzi/Madoff schemes that are expected to provide services for an ever-growing proportion of the population and be paid for by an ever-decreasing tax base of workers. The funding deficit now exceeds $40 trillion. Where is the money going to come from?

America’s whole Social Security safety net is mathematically unsustainable. The model can’t help but crack

My comment: This has been said many times by many people and still the amerikan people don’t get it. Two million morons stood out in the freezing cold to listen to more nonsense about how really this time we will fix everything just like the 43 other statists before him. Studies have shown that the average person has an IQ of around 90 which means that half the people are below that number. That starts to get into the realm of people being classified as idiots. I say that in the clinical sense and not as a pejorative. Before political correctness came about that was an actual classification of a low IQ along with moron and imbecile. So we have a population of people that vote that do not have the intellectual horsepower to even process how economics works. Case in point is the Nigerian 419 schemes. You know where you get an email from the sister of some deceased African diplomat who squirreled away $20 million in a Swiss bank account and who offers to spilt it with you if you send $5000 to help get it released from the bank. These have been exposed all over the Internet and by 20/20, Dateline, 60 minutes etc.. and yet people fall for it everyday. They really want to believe that it will work. Call it low IQ or cognitive dissonance or whatever. After what I saw yesterday I really do not see any way out except lower standards of living, more government, and eventually the productive class emigrating like what happened in the UK in the 1970’s. People are really convinced that this time, by God, we have the smartest most articulate president ever and he will push the buttons and pull the levers in the right sequence and poof magic prosperity. It never occurs to them that an economy of 300 million people making billions of economic decisions in their self interest each day cannot be efficiently directed by "the big men" in Washington. The type of thinking that I saw displayed during the interviews of the "average"people watching the coronation of the emperor was akin to the cargo cults of the South Pacific. The consensus was "I don’t know how he will do it but I just know he will make the world a better place." In other news it was reported that unicorns do exist, CO2 levels are coming down, dogs and cats are living together, dolphins are jumping for joy, and that free lunches are possible! Oh well nothing to get upset about as this is the natural progression of things in a mobocracy. Just make sure you are prepared so that you can protect yourself and your family as they, contrary to the collectivist nonsense, are your only obligation.

John Polomny
The Real Deal