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Pyramid schemes

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Marques
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Pyramid schemes

Postby Marques » Wed Apr 30, 2014 9:21 pm

If you know, you know! What's your take on the people who get involved? Do you find them to be annoying mofos aswell who just constantly bombard you with superficial and highly exagerated information about obscure 'services' they offer?

I don't know if its reached your neck of the woods, but where i'm at, it's taken over the whole community. Young and old are joining these groups of people who hover around trying their utmost to create a mirage an image of wealth and fortune...young peers i once knew working extra shifts at primark suddenly calling me up and arranging 'meetings', wearing levy belts and fake Armani suits and mentioning driving beamers and shit...What annoys me is not the scheme per se, more so the deceptive culture behind it. I had a good friend who suddenly tried telling me he's been on the scheme and earned a check of 5.5k in a month :mindblown: Thats like the average monthly salary of an executive whose been managing firms for decades...I wouldn't go as far to say i've lost friends over this but i'm saddened to see how it has changed their lives without them knowing about it.

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Re: Pyramid schemes

Postby X.Playa » Wed Apr 30, 2014 9:26 pm

Greed, the artificial government paper called money is driving humanity to the abyss. It should be banned

Marques
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Re: Pyramid schemes

Postby Marques » Wed Apr 30, 2014 9:47 pm

^Theres no shame trying to make a living but the hotheadedness, the stubbornness and the borderline lying about it all gets me ticked off. It's like they're trained to tell porkies and deceive people. "I have a great unique opportunity for you Marques, come and join me so you can retire in 5 years and never have to work a day after." is the sort of generic BS i'm hearing from them.

:lol: What makes it funny is, if people were truly making dosh, they would not holla you in a million years. Selfish mofos would keep it under their belt and walk on.

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Re: Pyramid schemes

Postby Advo » Wed Apr 30, 2014 9:49 pm

Stupidest pple in the world, I no longer associate with anyone affiliated with that crap. Few years ago, I was literally forced to go by a neighbor I was dodging, the most painful sit through ever. The "motivational" speeches were just comedy and depressing seeing how they lure niave desperate people. The indian couple giving the lecture showed us these fake pics of their lavish lifestyle, I was probably the only one out of 50 people unimpressed and uninterested. The guy had the nerve to say "if anyone tells u we are a scam, don't listen to them, if they can convince u otherwise..maybe we should be talking to them and not u".

I remember seeing not one white person in that cult like bullshit, most of the people were immigrants from asia and africa, some with obvious language barrier which makes them an easy target.

This shit has been going on forever, they just change tactics...rinse and repeat.

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Re: Pyramid schemes

Postby X.Playa » Wed Apr 30, 2014 10:02 pm

The biggest pyramids scheme is the stock market and people take it as normal trade. Every capitalist scheme needs a fool wether be it the poor worker who earns pennies pedaling million dollar products or making them, we are all a victim of a manufactured matrix too busy and blind to see it.

Any of you read the book Wall Street? They had a saying at Lehman firm " the market need a fool" with out a fool nothing works.

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Re: Pyramid schemes

Postby Marques » Wed Apr 30, 2014 10:45 pm

X.playa, that’s just the hierarchy of social mobility. We can say the world itself is a pyramid scheme from the way you describe it…rulership at the top, corporations following closely, professionals and armed forces, and then somewhere at the bottom being the poor and the needy etc.
But the problem is this business model which doesn’t include any clear sale of products or investment. It’s jibber jabber about recruiting to recruit to recruit. My rule of thumb is, if you don’t see or know how money is being made, call their bluff and tell them to do one.

Advo :lol: you aint nothing till you see Somalis throwing themselves at these kind of opportunities, thinking its their life-long ambition. You wouldn’t believe the number I’ve seen considering to drop out and do this crap full time :down:

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Re: Pyramid schemes

Postby Lamagoodle » Wed Apr 30, 2014 10:56 pm

Marques, adeer, there are very few "secure" investment opportunities; Interest rates are low and human beings are inherently greedy. In Kenya, Somalia and Dubai, pyramid schemes are the drivers of the Somali economies. Somalis are shown architectural copies of “homes/houses” that are not even built and asked to invest; that is why the prices of homes in Mogadishu and Nairobi have skyrocketed. In Dubai, hundreds of Somalis were sold non-existing apartments.

I wrote this a while back
Ponzi schemes also known as pyramid schemes- named after the Italian fraudster, Charlie Ponzi- are effortless to set off; no education, no investments, no nothing but just a creative brain. The scheme is easy to conduct and veil from scrutiny as long as you have in-cash flow. You pay interest rates/returns to earlier investors and as long as there is money flow coming into the system you are safe. In most cases the payments you make to your creditors are higher than market value and as such no suspicion. By and large a ponzi scheme is an affinity crime in which the con artist targets members of an identifiable group based on race, age, religion, etc.

In modern time, the most well known Ponzi scheme is the one conducted by Maddof whose scheme involved nearly 50 billion US dollars. His victims included pensioners from Jewish communities, Hollywood celebrities and a number of charities. Another well known ponzi scheme was that which brought Albania to its feet in the 1990s. An economic advisor to the PM, Hajdin Sejdia, initiated the scheme. It is estimated that this fraud cashed in about 2 billion dollars in a country who GDP is in the same range.

Ponzi schemes and somalis
If you have fared outside our “qatar aan nahay” “islaan baan nahay” bubble you may realise that in the diaspora we are described as ; war mongers, welfare cheats, morons, pirates etc . However, what people forget is that somalis are very creative and are generally known for being resourceful, without putting much effort.

Our people are Ponza schemers;
There are several cases of ponzi schemes created and run by somalis; your correspondent witnessed one in London involving women. Through trust cemented in a Ayuuto, two-three women got together and commenced a scheme. The people in the top pyramid were making a lot of money. After a few months, a few new entrants at the bottom came to realise that they stood to lose a lot of money unless they lured others into the scheme and hitherto did not blow the whistle. When after a few more months, a few in the bottom were approached by relatives they blew the whistle. It was settled in the grand old somali version; those who gained from the scheme were asked to pay. Afar faataxo, walaalan nahay was enough!

Apart from the above scheme which was tiny in scope and scale (involved about 100 pounds/person), there are several ponzi schemes out there. Mainly, these schemes involve real estate or Xawaala; Dalsan and more recently Qaran express are two examples of Xawaalahs that ceased to exist when those at the top emptied the coffers.

In the last few decades you have probably witnessed people buying/leasing apartments in Dubai. Every Xalimo or Faarax who has lived in the west and accumulated some wealth through deceit means – yes deceit because these schemes involve easy money- has bought an apartment that does not exist; all you need is an architectural plan and a computer aided design. Normally, the fraudsters lease a plot of land in Dubai and get a CAD copy. In order to raise funds they target respectable people in society; grand mothers/fathers who are too afraid to buy a home in the Diaspora because of social security fraud, insecure Xalimos or people who have made legitimate money and want to invest for their children’s future.

Equally, if you have ever visited Nairobi, you are likely to have walked into a real estate broker’s office – mainly in the same building as the hotel you live in. You may notice the computer aided design of bungalows on the wall, detached and semi detached houses; the quran recitation which speaks to your heart and the pious looking owners greeting you with Asalamu calaykum akhi and telling you to buy a home in Mombasa or Nairobi’s Athi River area.

So what does it take to engage in Ponzi scheme ala somali? In my opinion you need the following ingredients:
a)Islamic discourse; a bearded and on the onset a pious man to be the salesman. In every of his sentence he will use sentences such as “dhulk gaalada ka soo guur”. He blinds your rational judgment by claiming that sheikh hebel and sheikh hebel have endorsed/bought and or blessed the endeavour; that everything is xalaal and that you can trust him. He tells you that all you need is to pay is an advance of xx dollars and voula you have a house where you can pray!

b)Ayuuto; this is a big investment portfolio which on the one hand is doing wonders; in its better days it is a saving scheme that is based on trust and has existed for centuries when other institutional pillars of our society have died. If you need to help people back home, if you want to buy a house or simply save, all you need is to involve in ayuuto and the problem is fixed. On the other hand, ayuuto savings usually deprive kids off material things not to mention the friction between spouses. While their peers can buy Nintendo, Nike shoes etc and can go on holiday, the Somali kids whose parents invest in Ayuuto is a poor kid who is bullied for his visible poverty. There is also a time bomb here because there are predators out there who will quench their desires, your correspondent’s tentative conclusion; kids are susceptible to become victims of pedophiles and other ills because their wants of modernity is not met by their parents. Truly, the Ayuuto which was a savings scheme for women parse is not a bad thing; in the good old days women did not work and depended on their husbands who gave them masaruuf to buy food for the family: the ideal woman goes to the market and buys food to feed the family. Because of prudent buying she saves some few cents which become her ayuuto contribution; for hygiene products, something to decorate the house etc and buy clothing for herself and kids. This simple scheme which had a gender dimension is currently (in the west) the main form of saving/borrowing. It defies widely held and obsolete gender logic since men are involved in large numbers and hitherto a far cry from the old spirit of women-self help!

c)Passive society that appears to have come to the diaspora to live on the sweat of others; parasites who condemn the gaalo hands that feeds them in the public discourse but who love to enrich themselves. This discourse is given potency by the wadaads who will lecture on the vice, ills , historical wars and the perils of living in gaal country etc but avoid condemning these parasites. This social decay is discernible if you see the number of divorces of conveniences, the marriage of conveniences involving incestuous relationships just for the sake of bringing a loved one overseas.

Beware

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Re: Pyramid schemes

Postby SultanOrder » Wed Apr 30, 2014 11:24 pm

Pyramid schemes are hilarious. There whole business model is based on selling dreams.

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Re: Pyramid schemes

Postby Jeffo » Thu May 01, 2014 6:48 am

Bro, my mate took me to one of these multi level marketing schemes when I thought it was a recruitment event. As soon as I sat down and listened to the presentation, I realized it was all about deceiving people to signing up and paying the introductory fee rather than actually selling the products.

I have people from my secondary school that I never talked to sending me facebook messages and emails saying "Do I want to be successful".

Its definitely out of hand.

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Re: Pyramid schemes

Postby hydrogen » Thu May 01, 2014 7:16 am

The representation of private interests ... abolishes all natural and spiritual distinctions by enthroning in their stead the immoral, irrational and soulless abstraction of a particular material object and a particular consciousness which is slavishly subordinated to this object.

Marx, On the Thefts of Wood, in Rheinische Zeitung (1842)

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Re: Pyramid schemes

Postby BlackVelvet » Thu May 01, 2014 8:02 am

They tap into greed.


Notice how every one of them starts off with how much money you'll make. Besides anyone who tells you that to make serious money you have to make your friends and family pay X amount of money first is stupid or thinks you're stupid.

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Re: Pyramid schemes

Postby Bro » Thu May 01, 2014 5:30 pm

These schemers' are trained better then your average salesman, the foot in the door tactic aka small offer with ambiguous speech followed by an outrageous amount of money upfront to be part of it. :childplease: Gfto :arrow:


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