Any comments about Mr Madoff?

[classicman]

Nice diversion tom, but you FAIL-ed to answer the question.

The point I was making is that as they change the rules they can justify that SS is solvent when reality is quite different. wacko bean counters...

[tw]

Originally Posted by classicman

Nice diversion tom, but you FAIL-ed to answer the question.

I accurately defined the game you just played. The discussion is about investements - not about insurance. And not about Social Security. SS also is not investing. You have simply thrown a hand grenade into a discussion that was not about SS and not about insurance.

[classicman]

Originally Posted by tw

I accurately defined the game you just played. The discussion is about investements - not about insurance. And not about Social Security. SS also is not investing. You have simply thrown a hand grenade into a discussion that was not about SS and not about insurance.

#1 - You are the one that brought up insurance, not me.
#2 Happy Monkey and I were specifically discussing this EXACT scenario
#3 - Our discussion began back on page 3, with post #45. You sir, are incorrect. No hand grenade. At best you have detected thread drift which is perfectly normal.
#4 - If you don't read or cannot follow a thread and are just going to tailpost on assumptions and attack posters, then please don't comment on my posts. thank you very much.

[tw]

Originally Posted by OnyxCougar

... the federal government has been actively participating in and forcing a ponzi scheme on us all for YEARS.

Originally Posted by classicman

You mean the one called Social Security?

Ponzi schemes are investment scams. Social Security is insurance. Happy Monkey also defined SS as insurance; not a ponzi scheme.

Originally Posted by Happy Monkey

A Ponzi scheme with only two levels, in which everyone (who doesn't die early) gets to be in the top level eventually, isn't really a Ponzi scheme.

Clodfobble then listed other insurance.

Originally Posted by Clodfobble

How does that compare to Medicaid (the one for poor people, Medicare is for old people,) welfare, food stamps, or any other social program?

Again classicman continues confusing insurance with investments.

Originally Posted by classicman

They're all a great big Ponzi scheme.

Originally Posted by classicman

Lets use the above example and say I stop working and die at 79. How much am I getting after contributing my whole life? No, I am not opting for a reduced payout.

Like most who contribute, you get a reduced payout because it is insurance.

The topic is investments and Madoff. classicman even discussed a rumored $15million removed by his wife from an investment firm - not an insurance company. classicman also discussed investment firms such as Stanford and Barrington. Why post irrelevant nonsense about insurance?

Social Security is insurance. Get over it. Opting for a reduced payout is acceptable and expected. Insurance has not an investment. Ponzi schemes are investement scams - not insurance.

Stick to the facts without your usual personal attacks. Investments and insurance are two completely different structures no matter how you confuse it with venom. Social Security is insurance - not something to invest in. Is that easy enough for you? Or is this something you learned from clown school?

[classicman]

Originally Posted by tw

The topic is investments and Madoff. classicman even discussed a rumored $15million removed by his wife from an investment firm - not an insurance company. classicman also discussed investment firms such as Stanford and Barrington. Why post irrelevant nonsense about insurance?

If you'd like to stay on the subject, Which of the above is not relevant to the conversation? The part where Madoff's wife withdrew 15 Million the same day that he was turned in or the fact that the other was being called a mini-madoff???