Social Security Vs. PIPs

rcox · #1 04-01-2005, 04:28 PM

I love it when people say that PIPs is not a ponzi, because it's been lasting over 2 years. They believe that PONZI schemes only last a few months. Well I have news for those of you. Did you ever hear of Social Security? You know the income that you start earning after retirement? That money is not coming from no where. Social Security is a Ponzi, and it's been running for how long?

Exactly!

Now I'm sure there will be those of you who claim that what Bryan is doing is legal, since Social Security is legal. Well, you are wrong! Bryan claims to be investing the money, and the money he pays back he claims are the profits. This means that he is decieving investors by running a Ponzi scheme and telling them that it is a real investment program.

Also the percentages that Social Security pays back is nowhere near what Bryan is paying.

My conclusion is that PIPs is a large Ponzi, like it or not. PIPs can last even longer, but you are helping scam the future members of the program by investing and taking your profits.

Rick

maouse · #2 04-01-2005, 04:55 PM

Socialist security's "legal" status asside...

The typical Ponzi listed on the "failed ponzi" list on Talkgold was under 9 months.

But then you have to consider that the first Ponzi, PureInvestor, failed within the 2 year time frame. The "money" was converted to the new program PIPS. So it was a well seeded Ponzi to begin with. Naturally it would grow, and since people were happy and Bryan didn't end up in jail at that time, he became the prophet of Ponzi he now is. Rah Rah Rah...

If Bryan is doing what he says he is he can easily earn 6.4% APR and trading on a 50:1 margin UNTIL he meets up with market saturation in whichever voodoo market he is in. Then it collapses. It still could be legal, which is why it is probably a worse Ponzi.

So what market is he in? What do "units" actually buy? Does he trade on margin at all? If he claims to be able to pay out $1 million/day, and is 90-120 days behind... what impact does that have on his bottom line? His actual cash? And isn't it obvious that if he invested that $90-120 for 3 months he should have no cashflow problems whatsoever with his program (I mean, think about it... do some math...)

-Marcel

MotherLode · #3 04-01-2005, 09:14 PM

Marcel, you should see this site.

I found in the their forum. Never seen anything like it before.

http://web.singnet.com.sg/~qt206/intro.htm

Rich. Very rich.