Sou Sou Investment ?

[MaxPower]

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.

[Ripe Chenette]

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.

Most of them simply know better they see an opportunity for quick money and the people flashing they money and somehow don't figure out that they all crash and the only people to really make money are those in cohorts whit the scheme creator. Majority of the underclass is black people that is the most race have to do with anything. These same people always talking about how the banks steal their money and the government does like the fact that they aren't being taken advantage of when they put their money into said banks I think that says something that a third of the population doesn't trust the government and actively thinks that they are holding them down.

[RedVEVO]

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%

[zoom rader]

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.

Simple the 1% banks are ripping them off with fees.

I don't blame anyone for not trusting the banks as they are a law unto themselves.

Sou Sou is the African system of saving and has been around since they illegally came here.

[RedVEVO]

^^

There was time when certain People could not use ANY services of Banks or even work at these institutions .

But times have changed and tables have turned .

Banks earn money from interest ... period .

Only interest .

And People have a growing no interest in Banks .

Some call it cancer .

[teems1]

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.

[RedVEVO]

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

[alfa]

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?

[ProtonPowder]

because NIS actually pays out everyone according to the rules publicly available

[teems1]

Because over time the payouts are relatively in line with the amount you put in for the 40 years you've worked.

In these ponzi schemes the payout is hundreds of percent the original investment.

Not sustainable at all.

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?

[teems1]

So when you see those videos of people lining up in the road to get their money, or the whats app messages to indicate the sou sou crash, that's not a red flag?

A fool and their money are soon parted.

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]

My black African brothers and sisters,

Hundreds of millions of dollars will be lost.

Get a job.

[Lou Screuz]

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

[Lou Screuz]

let us learn

read together everyone

money laundering
noun
noun: money laundering;

"the concealment of the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses or pyramid schemes disguised as a sou sou."

[RedVEVO]

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

Venezuelans have a work ethic that is superior and the women are hermosa .

Now read my text lips S U P E R G I R L

[K74T]

Lmao redvevo and lou screuz is the same user responding to itself.


UML bizness oui

[Ben_spanna]

The sou sou could investt in purchasing a few NP gas stations now!

[zoom rader]

My black African brothers and sisters,

Hundreds of millions of dollars will be lost.

Get a job.

Bull%chit

Sou Sou has been around for hundreds of years and it came from Africa as it is a part of their culture .

Even Muslims have a similar saving system.

[Redman]

Zoom....it is not a sou sou, not in anyway close to the legitimate real sense.

[speedmelter]

Check out this one guys..

[Dave]

When can one opt to be out of it?

[toyolink]

I have always been able to figure-out most investment possibilities until this one.
The question that keeps beating me is...How sustainable is this opportunity?

[Dohplaydat]

Check out this one guys..

Lolz people actually falling for this.

[teems1]

My black African brothers and sisters,

Hundreds of millions of dollars will be lost.

Get a job.

Bull%chit

Sou Sou has been around for hundreds of years and it came from Africa as it is a part of their culture .

Even Muslims have a similar saving system.

This isn't a traditional Sou Sou.

In a Sou Sou you put in N, you get N

This is a pyramid or ponzi scheme where you put in N but get back > N.

This only works out for those who are at the top of the pyramid. For those who are on the bottom level of the pyramid, they have to suck salt.

[pugboy]

we have enough suckers for it to run for a short while
and no doubt the organizers smart to start new ones so persons who lost out previously will rush to get in early on the next one

if they smart they would give those persons priority on the next iteration to give it some credibility and make sure they don’t lose the next time.

[Total Quality]

https://t.me/joinchat/PB62wRZqiuyg8cklH0D_uQ

Check out the group on telegram and see if it seems feasible for you.
You can ask questions there in the group. You're not obligated to join if you don't feel comfortable with it.

[RedVEVO]

My black African brothers and sisters,

Hundreds of millions of dollars will be lost.

Get a job.

Bull%chit

Sou Sou has been around for hundreds of years and it came from Africa as it is a part of their culture .

Even Muslims have a similar saving system.

This isn't a traditional Sou Sou.

In a Sou Sou you put in N, you get N

This is a pyramid or ponzi scheme where you put in N but get back > N.

This only works out for those who are at the top of the pyramid. For those who are on the bottom level of the pyramid, they have to suck salt.

How you know ?

Give us some evidence it's NOT a traditional Sou Sou ?

Prove to us here is it a cancer eating away society .

Then you put $1,000 in a savings and/or checking account in ANY Bank and tell us after 3 months what is the balance ?

[RedVEVO]

Check out this one guys..

Lolz people actually falling for this.

Put in $700 and give it a spin

How is this different from the National Lottery ?

[teems1]

My black African brothers and sisters,

Hundreds of millions of dollars will be lost.

Get a job.

Bull%chit

Sou Sou has been around for hundreds of years and it came from Africa as it is a part of their culture .

Even Muslims have a similar saving system.

This isn't a traditional Sou Sou.

In a Sou Sou you put in N, you get N

This is a pyramid or ponzi scheme where you put in N but get back > N.

This only works out for those who are at the top of the pyramid. For those who are on the bottom level of the pyramid, they have to suck salt.

How you know ?

Give us some evidence it's NOT a traditional Sou Sou ?

Prove to us here is it a cancer eating away society .

Then you put $1,000 in a savings and/or checking account in ANY Bank and tell us after 3 months what is the balance ?

Are you intentionally being obtuse.

The pyramid scheme only works out for those who are early in it, and it has not reached it's saturation point.

Everyone who invests in these schemes would NOT be guaranteed a payout.

Everyone who puts their money in a reputable financial institution would be guaranteed an increase. It may be a small increase but still it does not discriminate at what time a person invested.

[sMASH]

In most of these schemes, it's only the last line that I will. Lose out.
All before them will get back ting.

Stocks, mutual funds, gambling all more random with respect to paying back the invested monies.