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teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
VexXx Dogg wrote:A fool and their money are soon parted.
Some people are very aware of the maths behind this and are banking on the risk that it is other people going to lose out.
teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
Country_Bookie wrote:There's no laws in Trinidad that make running a ponzi scheme illegal. It wasn't in the constitution the British left us and we never drafted a law about it.
Only angle the govt can pursue is either charging them with fraud, or for violating the securities act, which says every investment must be registered with the SEC before being offered to investors. I'm not a lawyer so I can't say whether either of those will stick.
MaxPower wrote:Friends,
Can anyone one explain why our black African brothers and sisters are participating in these SouSou scams?
Does it have anything to do with race?
Does it imply something about the mentality of our African brothers and sisters or blacks on the whole?
Asking for a friend, seriously.
teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
Simple the 1% banks are ripping them off with fees.MaxPower wrote:Friends,
Can anyone one explain why our black African brothers and sisters are participating in these SouSou scams?
Does it have anything to do with race?
Does it imply something about the mentality of our African brothers and sisters or blacks on the whole?
Asking for a friend, seriously.
RedVEVO wrote:teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
These People do NOT TRUST the Banks or established financial institutions
How many times have people been "parted" with their money $$$$ in Trinidad ?
Any primary school attendee can name at least 3
It's a REVOLT .
Banks will be pressuring ALL concerned to have this eliminated .
Since they would LOVE to have this quantity of $$$ in their coffers - $22 Million , allegedly $94 Million .
Example:
Pay Banks pay YOU .05 % interest while they charge YOU exorbitant monthly charges and credit interest @ 24%
teems1 wrote:RedVEVO wrote:teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
These People do NOT TRUST the Banks or established financial institutions
How many times have people been "parted" with their money $$$$ in Trinidad ?
Any primary school attendee can name at least 3
It's a REVOLT .
Banks will be pressuring ALL concerned to have this eliminated .
Since they would LOVE to have this quantity of $$$ in their coffers - $22 Million , allegedly $94 Million .
Example:
Pay Banks pay YOU .05 % interest while they charge YOU exorbitant monthly charges and credit interest @ 24%
Which bank has taken your money and refused to pay?
The fact remains, that all investments rely on an underlying source of revenue. In banks cases it is the interest gained on loans/mortgages by the customers paying their monthly dues.
In these types pyramid schemes, the source of revenue is more people joining. This is unsustainable as the lowest level of the pyramid grows exponentially large to the point where there simply aren't enough people willing to join.
teems1 wrote:RedVEVO wrote:teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
These People do NOT TRUST the Banks or established financial institutions
How many times have people been "parted" with their money $$$$ in Trinidad ?
Any primary school attendee can name at least 3
It's a REVOLT .
Banks will be pressuring ALL concerned to have this eliminated .
Since they would LOVE to have this quantity of $$$ in their coffers - $22 Million , allegedly $94 Million .
Example:
Pay Banks pay YOU .05 % interest while they charge YOU exorbitant monthly charges and credit interest @ 24%
Which bank has taken your money and refused to pay?
The fact remains, that all investments rely on an underlying source of revenue. In banks cases it is the interest gained on loans/mortgages by the customers paying their monthly dues.
In these types pyramid schemes, the source of revenue is more people joining. This is unsustainable as the lowest level of the pyramid grows exponentially large to the point where there simply aren't enough people willing to join.
alfa wrote:teems1 wrote:RedVEVO wrote:teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
These People do NOT TRUST the Banks or established financial institutions
How many times have people been "parted" with their money $$$$ in Trinidad ?
Any primary school attendee can name at least 3
It's a REVOLT .
Banks will be pressuring ALL concerned to have this eliminated .
Since they would LOVE to have this quantity of $$$ in their coffers - $22 Million , allegedly $94 Million .
Example:
Pay Banks pay YOU .05 % interest while they charge YOU exorbitant monthly charges and credit interest @ 24%
Which bank has taken your money and refused to pay?
The fact remains, that all investments rely on an underlying source of revenue. In banks cases it is the interest gained on loans/mortgages by the customers paying their monthly dues.
In these types pyramid schemes, the source of revenue is more people joining. This is unsustainable as the lowest level of the pyramid grows exponentially large to the point where there simply aren't enough people willing to join.
So on a serious note can anyone explain how the NIS is any different from this and not a pyramid scheme?
RedVEVO wrote:teems1 wrote:RedVEVO wrote:teems1 wrote:The number of pyramid schemes popping up is a clear indication of the 50% failure rate of maths at the CXC level.
Do people not understand the concept of exponential growth?
There are not enough people in the world to maintain the numbers required to ensure you get a return.
They eventually hit a saturation point and collapse.
These People do NOT TRUST the Banks or established financial institutions
How many times have people been "parted" with their money $$$$ in Trinidad ?
Any primary school attendee can name at least 3
It's a REVOLT .
Banks will be pressuring ALL concerned to have this eliminated .
Since they would LOVE to have this quantity of $$$ in their coffers - $22 Million , allegedly $94 Million .
Example:
Pay Banks pay YOU .05 % interest while they charge YOU exorbitant monthly charges and credit interest @ 24%
Which bank has taken your money and refused to pay?
The fact remains, that all investments rely on an underlying source of revenue. In banks cases it is the interest gained on loans/mortgages by the customers paying their monthly dues.
In these types pyramid schemes, the source of revenue is more people joining. This is unsustainable as the lowest level of the pyramid grows exponentially large to the point where there simply aren't enough people willing to join.
Banks have a business model .
It has worked very profitable for many .
But within recent years in T&T they have been accused of taking advantage of their customers .
They do it legally by charging exorbitant fees and the interest for you is next to nothing .
Despite protest about the excessive fees ... and "negative" savings ..
Banks and the Gov't who regulate just continue to ignore the message .
Sou Sou has been a savings for many and some people accept the risk .
It's just how the cookie crumbles
MaxPower wrote:My black African brothers and sisters,
Hundreds of millions of dollars will be lost.
Get a job.
Lou Screuz wrote:MaxPower wrote:My black African brothers and sisters,
Hundreds of millions of dollars will be lost.
Get a job.
but many of them cannot just Get a job just so
because tens of thousands (if not more) of venezuelans have entered the country under the PNM government
venezuelans who have been allowed to enter the workforce under the PNM governmnent
and who are now competing with locals - perhaps even encouraged ? by the words of PNM Stewart Young himself who decreed ; "jobs will be open to anyone and may the best person win, we will see how that unfolds"
https://www.guardian.co.tt/news/young-a ... b7d852864d
well PNM's stewart young's best persons as he refer to them, are winning and would therefore be denying your "brothers and sisters" - and others - job opportunities - it is simple mathematics
the best part ?
your brothers and sisters still vote back PNM
no wonder Doc Rowliar de Le Coteaux trying hard hard to make we feel that ((( the opposition ))) trying to crash plane on we head
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