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by samwilliams
1686 days ago
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I think the reference to retirement funds is in relation to the fact many of them are under collateralized. They need to take new investor's money to pay out old investors. Some more background here: https://www.google.com/amp/s/www.wsj.com/amp/articles/an-ohi... The situation is pretty extreme. To be honest, these really _do_ look like Ponzi schemes. |
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> Honestly index funds and cash from retirement savings is a ponzi scheme as well then
The comment was pretty clear: index funds, and cash.
Defined benefit pension funds are absolutely ponzis and should be outlawed. But this is not what OP said.