Latest Ponzi scheme Revealed!!!

A pyramid scheme is a non-sustainable business model that involves promising participants payment, services or ideals, primarily for enrolling other people into the scheme or training them to take part, rather than supplying any real investment or sale of products or services to the public. Pyramid schemes are a form of fraud.[1][2]

The Fractional reserve system is a ponzi scheme of all ponzi schemes. Is business model is that of a Pyramid scheme. The Fraudulent imposition of interest,creates the largest of pyramid schemes ever. We must look at this portion of our government not the parts that help people. (i have added some to the following paragraph to help enlighten you...the original can be seen here: http://en.wikipedia.org/wiki/Pyramid_scheme )

A successful pyramid scheme combines a fake yet seemingly credible business with a simple-to-understand yet sophisticated-sounding money-making formula which is used for profit. The essential idea is that a "con artist" Mr. X(the fed), makes only one payment. To start earning, Mr. X has to recruit others(congress) like him who will also make one payment each. Mr. X gets paid out of receipts from those new recruits. They then go on to recruit others(the states). As each new recruit makes a payment, Mr. X gets a cut(interest). He is thus promised exponential benefits as the "business" expands.

Such "businesses" seldom involve sales of real products or services to which a monetary value might be easily attached(Fiat federal reserve note). However, sometimes the "payment" itself may be a non-cash valuable(Your mortgage). To enhance credibility, most such scams are well equipped with fake referrals, testimonials, and information. The flaw is that there is no end benefit. The money simply travels up the chain. Only the originator (sometimes called the "pharaoh") and a very few at the top levels of the pyramid make significant amounts of money. The amounts dwindle steeply down the pyramid slopes. Individuals at the bottom of the pyramid (those who subscribed to the plan, but were not able to recruit any followers themselves) end up with a deficit(Bankrupt).

Pyramid schemes are illegal in many countries including Albania, Denmark, Australia[3], Brazil, Bulgaria, Canada, China[4], Colombia[5], Dominican Republic[6], Estonia[7], France, Germany, Hungary, Iceland, Iran[8], Italy[9], Japan,[10], Malaysia, Mexico, Nepal, The Netherlands[11], New Zealand[12], Norway[13], the Philippines[14], Poland, Portugal, Romania,[15], South Africa[16], Spain, Sri Lanka[17], Switzerland, Taiwan, Thailand[18], Turkey[19], the United Kingdom, and the United States[20].

These types of schemes have existed for at least a century, some with variations to hide their true nature, and many people believe that multilevel marketing is also a pyramid scheme.

http://en.wikipedia.org/wiki/Pyramid_scheme