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2 Comments on "There are Ponzi schemes in Canada too"

  1. Canadiansilverbug | July 29, 2009 at 9:48 am |

    It’s not just rougue investors and it should be no surprise because Canadian Banks have been running schemes in Canada for Decades as myself and other people have shown by such devices as selling bullion certificates that are not backed by the bullion the represent.

    http://canadiansilverbug.blogspot.com/2008/12/silver-certificates-and-failure-to.html

    http://ispeakofpeak.blogspot.com/2009/06/scotiabank-and-real-silver.html

    What’s else can you call it when they sell you something they don’t have and then charge you storage for it.

  2. NY transplant | August 6, 2009 at 3:37 pm |

    …will the Canadian press stop calling it a Ponzi scheme please? Pyramid schemes have always been called pyramid schemes outside of the US… Its only because Ponzi conducted the first large scale Ponzi scheme in America that they call it a “Ponzi” scheme. Stop embracing American cultural imperialism! We don’t have to refer to things they like to the same way… Soon we’ll all end up just saying “huh” instead of “eh” and then dropping the extra “u” in colour and neighbour!

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