The Private Equity Scam in America Is a Ponzi Scheme

This is a four minute video but worth watching. It describes how there are now more “private equity” funds in the US than McDonalds. Essentially, these private equity funds are buying up businesses and trading them back and forth with each other at ever increasing prices. While they do this they collect funds from investors to pay for their acquisitions and fees. This is called, by every definition, a Ponzi scheme. One day the music will stop.

 

h/t Tonight We Ride!