Revolution 2.0

Introduction Social Security is a Ponzi scheme. But then again, so is much of our government.  That is the subject of today’s 10-minute episode.  Continuing When I was a Freshman in college, a Sophomore came to me asking me to sign a chain letter. My first thought was, “Wow. A Sophomore is talking to me.” My second was, “What’s a chain letter?” I asked the question out loud, and his response was that it was a quick way for me to make $5. I was to give him $5, then get two others to give me $5 each, with me making a quick five spot. It was official in the sense that there was a chart, starting with him, of course, at the top, with two names under him, two names under each of those names, and so on. The chart made a perfect pyramid.  I gave him the $5, and never got a dime from anyone else. I paid for a lesson that I thought I would never need to apply again, but here we are. That’s exactly how a Ponzi scheme works. Oh, Charles Ponzi did not work out of a college dorm, and he nailed people for millions at