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17
Musk Claims Social Security is a Ponzi Scheme!
Both of the above are ponzi type schemes. It's the same in many countries. The collected tax is used to pay the current recipients. Now if you're capable of slightly advanced thinking you will realise that new payments are required to pay older recipients who used to pay into the system. Just like with a ponzi where new investors fund the payments to old investors. Many people will not see this connection. The UK works exactly the same as I'm sure do all the other countries with large socialised pensions and health systems. There is generally no huge fund earning massive amounts of profit every year saved up to pay for the future - it's all squandered on the whim of whatever leader is running the country at the time. So the ponzi analogy is correct in this case. -
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Condo in Nana Area Used for Illegal Rentals and Prostitution, MP Says
Another picture of Bob -
57
Condo in Nana Area Used for Illegal Rentals and Prostitution, MP Says
Thank Buddha its African women and Arabs he's singled out not the white sexpats that come in there thousands......... Also he's discovered 1 condo being used for prostitution so that's a relief its only 1 building -
48
Donald Trump is a coward
You’re not even an American, your opinion of Trump means nothing. We don’t care what euros, canadians, or any other whining group of people think about our president. The free ride is over for you people.- 1
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17
Musk Claims Social Security is a Ponzi Scheme!
Actually more debt than above quote , now @ $36,218,605 billion, as of end of 2024 ... .... "What is the largest part of US debt? Of the $34.4 trillion in gross debt in 2023, $27.3 trillion (79%) was public debt borrowed from domestic and foreign investors, while $7.0 trillion (21%) was intragovernmental debt, reflecting internal government transactions.Dec 10, 2567 BE" ... Wish I could borrow money from myself, that I don't have to pay myself to live on. That's some creative financing ... I'm sure some people have CC to pay off other CC that they can't afford to pay off, before they eventually file bankruptcy. So once the USA hits bankruptcy, they can, like other countries, apply for IMF loans to not default on their loans. And here's the kicker .... So once again, they'll be borrowing off themselves to pay themselves Yes, it's one giant Ponzi scheme, and if he keeps saying it out loud, he'll end up like JFK. -
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