You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #2: Ponzi & pyramid schemes always collapse. Some take a little longer, but the end is always the same [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

SoCalDem

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-17-10 09:27 PM
Response to Original message

2. Ponzi & pyramid schemes always collapse. Some take a little longer, but the end is always the same

"Service Economies" are BUNK..If people are paid to "service" each other, it only works while most people have expendable income to BUY those services. As people lose jobs or their jobs do not keep pace, they use fewer services.

People forget that the DOW did not even hit 1000 until http://ww.scribd.com/doc/26276296/Dow-1000-is-Not-a-Silly-Number">1973, and that until Reagan came along & dismantled unions & pensions, usually only wealthy people invested, and they did so carefully & conservatively.

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.