Tags » Charles Ponzi

The great Indian govt Ponzi scheme is here to stay

 

Vivek Kaul

In the budget speech that he gave in July 2014, while presenting his first budget, the finance minister Arun Jaitley had said: “My Road map for fiscal consolidation is a fiscal deficit of 3.6 per cent for 2015-16 and 3 per cent for 2016-17.” Fiscal deficit is the difference between what a government earns and what it spends. 1,008 more words

Analysis

March 3 in history

473 – Gundobad (nephew of Ricimer) nominated Glycerius as emperor of the Western Roman Empire.

1284 The Statute of Rhuddlan incorporated the Principality of Wales into England. 892 more words

History

Book Review Thursday: Dreamers and Deceivers

I am a fan of Glenn Beck’s books and his innovative ideas.  The man is a born storyteller.  This book is billed as a work of nonfiction, but with a twist of sorts.  253 more words

Book Review Thursday

“Ponzi scheme” is a way of operating per se, it is valid to understand the nature of it as it functions within our current financial, political, food, medical and other systems – to get investment or support for something that does not actually exist, or will ever exist. 533 more words

Alt News

ponzi nation

I’m reading about mass behavior with an eye toward understanding modern real estate bubbles. Having had my family shut out of the housing market by… 774 more words

Alice Keys MD

Bitcoin Trader Goes Belly-Up

By Eric Calouro

Yet another bitcoin company has gone belly-up. This time we’re talking about Bitcoin Trader, a service that billed itself as a means for users to earn passive bitcoin income online (via arbitrage). 430 more words

Bankruptcy

Here’s how India’s government unwittingly aids the growth of ponzi schemes

Over the last few years a spate of Ponzi schemes have come to light. These include Sahara, Saradha Chit Fund, Rose Valley Hotels and Entertainment and most recently PACL. 1,515 more words

Analysis