PRAGUE — The Czech Ponzi scheme for retirement pensions reported another positive month as a fresh influx of cash halved the fund’s deficit compared to last year. If the current pace of fleecing victims continues, scheme management claims the fund might even reach balance next year, keeping the pyramid airborne for now.
Analysts warn, however, of much darker prospects after 2040, when the number of available victims will dramatically shrink, while claimants seeking payouts soar. But that’s a headache for future management—along with cleaning up after the inevitable crash.
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