Why you should never get involved in a Ponzi scheme…
“Get rich quick” – a tempting message, but fraught with all sorts of problems. Most get rick quick schemes are Ponzi schemes – unfeasibly large returns are paid out to early investors by simply using later investors funds. The problems with Ponzi schemes are many… ALL Ponzi schemes are ILLEGAL. Period!By taking part in a Ponzi scheme (“everything carries risk, it’s my money so I can do what I want” is the usual argument) you could be funding terrorism or people trafficking. Don’t believe me? Check out this storyBy being “soft” on Ponzi schemes, you are turning a blind eye to fraud. If someone was stealing money from your best friends bank account, you’d want to stop it? So why not try to stop fraud from other people?ALL Ponzi schemes FAIL (mathematically they always run out of enough new...
Read MoreA gift for the museum of curiosity – a sunrise after the night
https://video.gvovideo.com/video/553/6196JoVu1L4eBJ.mp4 What a wonderful gift to the...
Read MorePause… for a thought
https://video.gvovideo.com/video/536/7176wA0XsRk3u7.mp4 Christmas 2020 Pause for thought on Radio 2 – Very...
Read MoreWhy “Never Invest More Than You Can Afford To Lose” Is Really BAD Advice…
I’ve seen a lot of illegal Ponzi pyramid schemes in my time and generally find them very easy to spot however, one thing that really irritates me is when promoters (who almost always know they are promoting an illegal, fraudulent scheme) say “never invest more than you can afford to lose”. On the surface this seems very sound advice. But it’s fraught with problems and very often the only real reason someone is offering this advice is to cover their own backs in case you lose your money. So what’s the problem with this advice? Firstly, it encourages people to take a punt rather than spend the time and effort doing proper research. In other words, the investment is not an investment at all but rather a gamble or bet. Depending on your view point that may still be...
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