[vetvetdoug]

Perry should know. Ponzi learned the stock and investment trade from Mr.Kemp and Mr. Kell of Wichita Falls, Texas. Wichita Falls in the early 1920’s was a Mecca for millionaires and people that made money on the oil boom. Ponzi worked for two of the most prominent investors and businessmen in Wichita County before moving on to Wall Street.

[BooBoo1000]

Social Security may have evolved into a Ponzi Scheme, with the last in paying for the first in, but it was not started on that premise. If the Federal Government had left the money paid into Social Security by the workers, if would have been fine and self supporting. Starting with L.B.J. who wanted to finance the Great Society and the Viet Nam War at the same time, and used the cash from Social Security we would have been fine. We are now funded by Government notes placed in the S/S lock box. Now the Feds have to redeem these notes and they don't have the money..