Why did Bernie Madoff go to prison?

[Qman]

Why did Bernie Madoff go to prison?

To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.

Some of you know this. But not enough of you. Madoff did to his investors what the government has been doing to us for over 70 years with Social Security. There is no meaningful difference between the two schemes, except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Do you need a side-by-side comparison here? Well here's a nifty little chart.

BERNIE MADOFF

SOCIAL SECURITY

Takes money from investors with the promise that the money will be invested and made available to them later.

Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" (Lock Box) and made available later.

Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.

Instead of depositing money in a Trust Fund the politicians transfer it to the General Revenue Fund and use it for general spending and vote buying.

When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.

When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the older geezers.

When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.

When Social Security runs out of money the politicians try to force the taxpayers to send them some more; or theycancel S/S to all those who paid into it.

Bernie Madoff is in jail.

Politicians remain in Washington - with fat medical and retirement benefits.

"If you put the federal government in charge of the Sahara Desert ,

in five years there’d be a shortage of sand.”

~ Milton Friedman

_____________________________________________________________________________________________________

THE ARABS ARE NOT HAPPY

They are not happy in Gaza .

They are not happy in the West Bank .

They are not happy in Jerusalem .

They are not happy in Israel .

They are not happy in Egypt .

They are not happy in Libya .

They are not happy in Algeria .

They are not happy in Tunis .

They are not happy in Morocco .

They are not happy in Yemen .

They are not happy in Iraq .

They are not happy in Afghanistan .

They are not happy in Pakistan .

They are not happy in Syria .

They are not happy in in Lebanon .

They are not happy in Sudan .

They are not happy in Jordan .

They are not happy in Iran .

They are not happy in the Chechnya .

And where the Arabs are happy?

They are happy in England .

They are happy in France .

They are happy in Italy .

They are happy in Germany .

They are happy in Sweden .

They are happy in the Netherlands .

They are happy in Switzerland

They are happy in Norway .

They are happy in the U.S.

They are happy in Canada

They are happy in Hungary

They are happy in any other country in the world which is not ruled by Muslims

And whom do they blame?

Not Islam.

Not the leadership.

Not themselves.

But the very countries they are happy to live in! Can an AMEN be found somewhere???

[joekooltrips]

Why did Bernie Madoff go to prison?

To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.

Some of you know this. But not enough of you. Madoff did to his investors what the government has been doing to us for over 70 years with Social Security. There is no meaningful difference between the two schemes, except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Do you need a side-by-side comparison here? Well here's a nifty little chart.

BERNIE MADOFF

SOCIAL SECURITY

Takes money from investors with the promise that the money will be invested and made available to them later.

Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" (Lock Box) and made available later.

Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.

Instead of depositing money in a Trust Fund the politicians transfer it to the General Revenue Fund and use it for general spending and vote buying.

When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.

When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the older geezers.

When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.

When Social Security runs out of money the politicians try to force the taxpayers to send them some more; or theycancel S/S to all those who paid into it.

Bernie Madoff is in jail.

Politicians remain in Washington - with fat medical and retirement benefits.

"If you put the federal government in charge of the Sahara Desert ,

in five years there’d be a shortage of sand.”

~ Milton Friedman

_____________________________________________________________________________________________________

THE ARABS ARE NOT HAPPY

They are not happy in Gaza .

They are not happy in the West Bank .

They are not happy in Jerusalem .

They are not happy in Israel .

They are not happy in Egypt .

They are not happy in Libya .

They are not happy in Algeria .

They are not happy in Tunis .

They are not happy in Morocco .

They are not happy in Yemen .

They are not happy in Iraq .

They are not happy in Afghanistan .

They are not happy in Pakistan .

They are not happy in Syria .

They are not happy in in Lebanon .

They are not happy in Sudan .

They are not happy in Jordan .

They are not happy in Iran .

They are not happy in the Chechnya .

And where the Arabs are happy?

They are happy in England .

They are happy in France .

They are happy in Italy .

They are happy in Germany .

They are happy in Sweden .

They are happy in the Netherlands .

They are happy in Switzerland

They are happy in Norway .

They are happy in the U.S.

They are happy in Canada

They are happy in Hungary

They are happy in any other country in the world which is not ruled by Muslims

And whom do they blame?

Not Islam.

Not the leadership.

Not themselves.

But the very countries they are happy to live in! Can an AMEN be found somewhere???

Is that a Barrett 50 cal sniper ?.

[Qman]

Is that a Barrett 50 cal sniper ?.

YEP!!

[20MillionDinar]

Amen!