Your Questions About Stock Market Is A Ponzi Scheme

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Steven asks…

Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out?

Remember when teachers, public employees, Planned Parenthood, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and paid no taxes?

Justin answers:

That damn Elmo and his ponzi schemes.

Joseph asks…

How can I make 6,000 dollars quick?

Im 15 and want a 2011 Mustang for my 16 birthday. I need 6,000 dollars and my dad will pay for the rest. I can get 2,280 for working while in school in this year. I still need a lot more though. My parents are willing to pay for me doing work around the house and neighborhood but not 3,720 dollars. How can I make some more money quick?

Justin answers:

Set a more realistic goal of getting one for your 17th birthday. You’ll have the money by then.
Otherwise do any of the following (Disclaimer: these activities may or may not be very legal):

Rob a bank
Rob an armored truck
Scam someone
Start a ponzi scheme.
Start a bank
Mug someone
Sell lots of drugs
Make lots of drugs
Become a prostitute
Invest in the stock market
Become a politician
Become the president
Become a dictator
Sell that oil reserve that’s under your house
kidnap someone and hold them for ransom
Be a drug mule
Be a drug lord
Become a mercenary
Think about the money really hard
Harvest the money from the tree outside
Divorce someone
etc. Etc.

🙂

I see someone thumbs downed my answer. Pfft, kids these days. No sense of humor at all.

Thomas asks…

Basically how does a “Ponzi scheme” work?

why or why not and how could this be compared to the stock markets??

why do people invest knowing this in your opinion, if so?

Thanks for your answers!

Justin answers:

I start the scheme by getting say 10 people to give me £10/$10
i now have 100
i ask the 10 to enrol 10 people each at £10,telling them once they have paid me i will return a bonus on their original £10
i give them all say £3 .i now have 1070
they have 3 of there Original stake back +10 still invested
i make it known that i give 30% on investments
but they must deal with the Original 10 people
they repeat the process giving me 100 for a return of 3
the people they set on also get 3
eventually my share is zero as i am paying more out than is coming in .
By this time i will have stashed millions away .but the game is over .
I put my hands up to the scam .
But i still have millions of £$ that the goverment can not find.

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