A Quote by Alex Jones
The economy is a ponzi scheme. People are working harder than they ever have for less wages, but we have so many bobbles because manufacturing has come up so quickly over the past hundred years that people have the illusion of wealth.
Related Quotes
One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.
People understand that the economy is rigged. They're working longer hours for low wages. All new income and wealth, almost all, is going to the people on top.
No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.
The notion of ever more old people needing ever more young people, who will in turn grow old and need even more young people, and so on ad infinitum, is an obvious ecological Ponzi scheme.
Workers in the United States are making less than they were almost 20 years ago, and yet they are working harder.But so am I working harder, that I can tell you.
While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible.
I think there are many people in the working class who say, you know what? Yes, maybe we are better off than we were eight years ago, but I am still working two or three jobs, my kid can't afford to go to college, I can't afford child care, my real wages have been going down for 40 years. The middle class is shrinking. Who's standing up for me?
Man is an onion made up of a hundred integuments, a texture made up of many threads. The ancient Asiatics knew this well enough, and in the Buddhist Yoga an exact technique was devised for unmasking the illusion of the personality. The human merry-go-round sees many changes: the illusion that cost India the efforts of thousands of years to unmask is the same illusion that the West has labored just as hard to maintain and strengthen.
Do you think the people who were trying to reach to the Everest were not full of doubts? For a hundred years, how many people tried and how many people lost their lives? Do you know how many people never came back? But, still, people come from all over the world, risking, knowing they may never return. For them it is worth it - because in the very risk something is born inside of them: the center. It is born only in the risk. That's the beauty of risk, the gift of risk.
Workers' wages are not keeping up with inflation. Their wages are not on pace with the amount of work that they do. We work harder and longer in America and still people's wages are not keeping up with that.
The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.
People are working harder and harder than ever before and barely staying in place.
Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working.
Black Friday, in reality, is a symptom of the plight that 30 years of Reaganomics has brought to working people in America. Right along with the frenzied rise of shoppers willing to fight each other at retail outlets across America, we've been steadily, for the last 30 years, watching the destruction of organized labor ... of decent pay and wages and conditions for working people. ... We have Black Friday today because the wealthy elite have strangled their workers for 32 years, ever since Ronald Reagan's election.
I'd say it's harder to play with an acoustic guitar strapped over your shoulder for a few hundred people than it is to play in front of thousands with an entire bombastic band behind you. After all these years, I still get nervous in front of people. I can't help it.
In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.
Related Authors
Aung San Suu Kyi Quotes
Burmese
Activist
Edward Snowden Quotes
American
Activist
Elizabeth Cady Stanton Quotes
American
Activist
Emma Goldman Quotes
Russian
Activist
Gloria Steinem Quotes
American
Activist
Jesse Jackson Quotes
American
Activist
Julian Assange Quotes
Australian
Activist
Louis Farrakhan Quotes
American
Activist
Malala Yousafzai Quotes
Pakistani
Activist
Malcolm X Quotes
American
Activist
Michael Moore Quotes
American
Activist
Noam Chomsky Quotes
American
Activist
Peace Pilgrim Quotes
American
Activist
Shane Claiborne Quotes
American
Activist
Thomas Paine Quotes
English
Activist
Van Jones Quotes
American
Activist