we can organize the history of america's great economy throughout periods of exceptional con artistry and deceit. each of these particular events have made their way into history books, the big screen (gordon gekko ring a bell?), and into the minds of well-read wall streeters. if you don't happen to be a well-read wall streeter or 40 year old man who enjoys his evening CNN (or simply a curious cat such as myself) you may wonder what exactly is a ponzi scheme? well, to be quite frank, it is a simple stock market situation in which a large coperate enterprise convinces many other large corperate enterprises to invest with said company, only for the company to run away with all the money they just recieved in investments.
well that was easy. you could say that i just explained the typical scheming strategy of corperate america. its basically what happens when one is extremely bored and ravenous for more money.
but what happens when we compare financial fraud to reality. if you think about it, a ponzi scheme can be anything in life. one might be so daring as to call the world one big ass pozi scheme. you decide to put all your trust into one person you are very near and dear to, disclosing very exclusive information and high respect... and then they sell it to the world. or lets say you decide to keep all your spare change in one shitty and unsuceptible tin in your bedroom... only to discover that your sister found the loot and ran straight to the coinstar machine. precisely my point. everything is relative and follows a pattern, the ponzi scheme being one of these poatterns.
the moral of this story... i really don't know, to be honest. but i hope that my rather large vocabulary put you in awe. because isn't that every blogger's intent(with the exception of perez hilton)?
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