Top Ponzi Schemes Quotes

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1. "Assyria soon discovered a painful truth: empires are like Ponzi schemes: financial frauds in which previous investors are paid returns out of new investors' deposits. The costs of holding imperial territory can only be underwritten by loot and tribute extracted by constant new conquests; empires must continue to expand if they are not to collapse."
Author: Paul Kriwaczek

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A most painful matter to me, as you can most readily imagine, Mr Holmes. I have been cut to the quick. I understand you have already managed several delicate cases of this sort, sir, though I presume that they were hardly from the same class of society''No, I am descending.''I beg pardon?''My last client of the sort was a King.''Oh really! I had no idea. And which king?''The King of Scandinavia''What! Had he lost his wife?''You can understand", said Holmes suavely, 'that I extend to the affairs of my other clients the same secrecy which I promise to you in yours."
Author: Arthur Conan Doyle

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