When Carlo Ponzi, a dishwasher from Parma, Italy, immigrated to the United States in 1903, he had $2.50 in his pocket and a million-dollar dream in his head. He was able to fulfill that dream, at least temporarily.
My blog,better-4-you, is presented to give a perspective of the alternative news for the day. Posts will be from many different sources-general news,health topics,Christianity,politics and so on.
Saturday, January 7, 2012
Ponzi Planet: The Danger Debt Poses to the Western World - SPIEGEL ONLINE - News - International
Ponzi Planet: The Danger Debt Poses to the Western World - SPIEGEL ONLINE - News - International
Ponzi promised people that he would multiply their money in a miraculous way: by 50 percent in six weeks. With his carefully parted hair and charming accent, Ponzi beguiled investors and fueled their avarice. The first investors raked in fantastic returns. What they didn't know was that Ponzi was simply using the next investors' money to pay them their profits.
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