Ponzi Scheme

Italian, Charles Ponzi is the "Root" of this evil "investment plan". Recent Bernard Madoff's case is the classic one. Estimation around USD 500 Billion just disappear into the thin air because of this Ponzi scheme. What's that anyway?
A fraudulent investment operation that pays returns to investors from their own money or money paid by subsequent investors rather than from profit. Sound familiar? Lampe Berger, Herbalife, Amway?......etc
An example? A poor guy need to buy a box of cigatette(whatever). He borrow 100 from friend. He promise return 120 in a mth. When the date is due. He did the same on the other friend & the borrowing is increase to 120. This is just to pay off the first friend's borrowing. then the return of the second borrowing is 140(maybe higher).
He use to pay off the previous borrowing everytime from the fresh one. Yet the "high return" is able to be fullfill. So everybody is more then happy to lend him money.
However, till a certain time of period. He can't affort to pay anymore.
If you look back on the property in recent year. Is this the same case?
When property at the bullish signal. Banks lend you money. Tons of loan is ready to "give away". Just come "grab it".
But when the price of property drop, banks are high on NPL (Non-performing loan), ....etc. then people starts realise. All this while just an illusions for all this shit! Damn........Maybe this is a good reminder that, house is the place to live, not for "goreng".