That's life, when something is too good to be true, we tend to believe it is true, and the logic is always your good friend is indeed making money from the get quick scam, you jump the band wagon, you make some,you tell your friends,and they make some.
and in the end, the one who got burnt, they called it "minority"
Jacques
· 10 months ago
At the same time, we are going to see more and more ponzi going down. Madoff like schemes always face problem when they have to return funds to their investors. With the current run for safety, we'll see more and more ponzi going bust... While new, more creative ones, will take advantage of the new situation.
As for the "minority", I'd say it is the contrary, the way a ponzi work always get the base of the pyramid to swallow most of the losses. Hence the majority always lose. Even more so when governments have to step in.
ShadowFox
· 10 months ago
I am surprised. How those ponzi schemes are any different from the entire financial system especially that of wall street and the Federal Reserve's fractional reserve banking ?
Big crooks vs small crooks, everyone in the finance sector is a crook. The entire financial system is a big fraud ponzi scheme. We need a financial revolution. Finance and economics is the biggest conjob of the century.
mtsen
· 10 months ago
true enough, but then again, the reason why scam like these can spread so fast is because they do fall under the grey area ... with the right intention, a good MLM is strongly encouraged by both goverment and business bodies, but when twist slightly to another angle, the whole thing go kaput and become a scam ... as long as gambling is around, scam would live around it.
imDavidLee
· 10 months ago
i hate the scam word, so during this economy , we must be careful since this is great time for them to cari makan
Max8
· 10 months ago
Yup.....We must more careful.......Now a lot of Crocodiles around us.......
All Comments
and in the end, the one who got burnt, they called it "minority"
As for the "minority", I'd say it is the contrary, the way a ponzi work always get the base of the pyramid to swallow most of the losses. Hence the majority always lose. Even more so when governments have to step in.
Big crooks vs small crooks, everyone in the finance sector is a crook. The entire financial system is a big fraud ponzi scheme. We need a financial revolution. Finance and economics is the biggest conjob of the century.
In this world no free lunch at all.....