Wall Street Piracy and Pyramid Mania Merge

When pyramid schemes ignite on Main Streets anywhere in the world, the ensuing manias have been compared to a wildfire, a stampede, a mob-like madness. The rallying cries of “get in now, ground-floor opportunity, unlimited income!” are spread virus-like in neighborhoods, churches and offices.

The pyramid epidemic is a phenomenon not unlike frantic selling and buying on Wall Street trading floors during wild periods of bubble expansion. The similarity between Main Street pyramid manias and Wall Street buying frenzies is not superficial. The two share fundamental characteristics, and, today, the madhouse world of stock speculation and the hysteria of pyramid scheme zealotry are
merging. Read More...
Comments