Every Ponzi scheme counts on three important things, the most important is confidence, secondly, that there are an ever greater number of new entrants to support the scheme.
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Phoenix Arizona (PRWEB) March 14, 2016
This free webinar event will be offered on March 24, 2016 at 1pm MST. The Participant Registration link is at http://www.ITMTrading.com/webinar. Participants can also find a recording of the webinar in ITM Trading Media Archive 48 hours after the live event date. Lynette Zang ITM Trading’s chief market analysist is the event speaker.
Ms. Zang explains why she chose to focus on educating the public on the subject of Government based retirement programs.
“In the early 1970’s I remember thinking that Social Security would not be there when I would be ready to take it, and that it was really just one big Ponzi scheme. While I compare these plans to a Ponzi scheme, they may not have started out that way; however they certainly mimic the form and function of a Ponzi scheme.”
Ms. Zang explains the basic elements of a Ponzi scheme and its elements. “First and the most important is confidence, secondly, that there are an ever greater number of new entrants to support the scheme and thirdly, that participants do not ask for too much money back. Today, all of these important elements are breaking down.”
She also adds “According to government data, many key retirement programs are severely underfunded just as the baby boomers, which is the largest demographic group in history, reaches retirement age.”
Topics for the webinar will include comparing and defining retirement programs like government pensions, social security and private retirement funds including IRA’s and 401K’s and how to prepare for retirement in the event that these programs become insolvent.
About Lynette Zang
Lynette Zang, has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987.
About ITM Trading
ITM Trading, Inc. is the physical precious metals market leader. Founded in 1995, ITM Trading has established an unsurpassed track record of successfully delivering products to its customers. The company handles most forms of gold and silver, as well as rare coins, and provides a two-way buy-sell market for collectors, investors, and dealers. ITM Trading has an A+ rating from the BBB and a 100% delivery rate on gold and silver orders placed through the company’s website. ITM Trading’s webinar archive