Archive - Mar 22, 2010 - Blog entry

An internationally known authority on Ponzi schemes gets cleaned out by Bernie. Believable modest returns and feigned exclusivity did the trick. Lessons for us all from Carlo. Better hire the "private dick"

Pension plans for state government employees today report they are underfunded by $450 billion, according to a recent report from the Pew Charitable Trusts. But according to one expert, this vastly underestimates the true shortfall, because public pension accounting wrongly assumes that plans can earn high investment returns without risk. His research indicates that overall underfunding tops $3 trillion. Will pension woes deepen the financial crisis?

A summary of two Jim Rogers interviews with Bloomberg & BNN regarding Greece, euro and how he would invest $100,000 now. Also included: a quick eruo technical analysis from yours truly.

We are on our third EU sovereign state review, and thus far everyone has lied, (scratch that) stretched the truth about the prospective path of their economies out of excessive debt situation. Once you see a pattern of, ahem,,, creativity in forging so called "austerity" plans, how long before the markets simply discount the over-indebted EU as a whole.

I am of the belief that Prepaid Legal, a publicly traded company, is actually running a pyramid scheme and a ponzi scheme (potentially illegal, but arguably legal due to the current laws of the land). They are also employing a self-destructive [pyramid] business model and instead of revamping that model and reinvesting heavily in marketing, they spend money on [ponzi] share buybacks to enrich management who are compensated in stock that is sold directly into the share buyback scheme. This is the opportunity to for the SEC to prove that it is not just the Shellgame Enablement Commission (SEC).