Death of a pyramid scheme

The past few months have shown us that there is more than one way to kill the Financial System. A great number of humongous corporations are putting their best men to work towards this end (whatay pun!). I know for a fact that the readers of this blog do not take anything at face value, and will choose to disagree with me, due to which i will use clear cut examples, carefully gleaned over the centuries, to illustrate my points.
But first, let me give you a rundown of the story till now:
The organized financial system started when a snake gave away an apple to a lady named Eve, promising her that it will give her knowledge, compounded annually at 25% interest with absolutely no risk. A short period later, the first financial con was discovered. Seems that the fine print stated that the cost of the apple included giving up their prime piece of real estate and their eastern European lifestyle (no offense meant to my eastern European readers).
Much time has passed since the incident, but the basic premise of the financial con remains the same. Promise eye-popping returns (in the future obviously) in exchange for the meager little you have today.
Today we will concentrate on one such promise, the Pyramid Scheme AKA Ponzi scheme.
The name "pyramid scheme" comes from the fact that the Pyramids of Gaza were financed by poor souls who put their life savings into it. Once they could not pay the premiums, they were thrown into slavery and forced to work on the pyramids. This scheme has been improved by con artists over the decades. On going through the news over the past few days, I read about a guy who perfected this scheme to such an extent that he duped stock brokers, investment bankers, share traders, car loan salesman and even a couple of banks. This at a time when most of these astute investors where on the verge of limiting their daily bonuses to just 200% of their annual salary! Needless to say once the con was discovered, there were many broken dreams, including the new BMW roadster and the new A 380 for general sightseeing. This only goes to show us that there is no escape from these schemes. Like Air, it is omnipresent. It also shows us that since we are not in the bracket of the ultra rich, we can gloat at the ultra rich for the big money that they lost!
In this blog, I have only skimmed the surface of financial cons. Now that you are armed with knowledge you can defend yourselves in the big bad world of financial cons. Now I will be off to dream about the Hummer H3 and the Yamaha RX1, which I will shortly be buying as soon as I add 12435228 more suckers investors linked to me in SilverSearch!

Wishing each and everyone a prosperous and happy new year!