Well its the merry, month of May and I have decided to dust off my old Delphi Ponzi blog (though they were not called blogs back then) and get back into the business of educating newbies on how to survive the myriad pyramid schemes that infest the Internet. Or maybe a better goal is to get you running for the exit.
First of al it amazes me that people actually believe that HYIP's are real investments!!!
I get flamed again and again for stating that all these e-gold programs are ponzis (pyramid schemes). I was called an idiot who has no idea of how international finance works. These HYIP's are real afterall and the evil government just wants to keep you in the dark about them.
Well... Then answer me this. If these HYIPS aka bank trading programs, overnight paper, prime debentures, etc. are real and return what they do, then why does every major bank and brokerage house bother with large bond, stock, and forex trading departments? Afterall, these HYIPs return a lot better with alot less risk.
And why aren't the national banks of these semibankrupt third world countries doing it. A few weeks then no national debt...
What about the G-8 too? Last I heard the States, Canada, et al are still carrying a fair bit of national debt. Greenspan's was a pretty sharp cookie, and I'm sure he would've know about them. If they were real...
Funny, when I took the Canadian Securities Course I saw no mention of HYIPs, though by definition they would be classed as a security. Nore is their any mention of them in the B.C. Securities Commission manual (the one used by Securities Lawyers and Investment Bankers), if fact the only mention is on the various Securities Commission Web sites in connection with the Scam word.
But I guess its all so secret that even Securities Lawyers and Investment Bankers have to be kept in the dark. But you the Internet user can take part for only a $1 minimum spend. Aren't we all so smart, we know stuff that even the US Treasury doesn't. Yup we can double our money in a week while they cover hundreds of billions in national debt with bonds paying 5.65%.
So don't listen to me, after all I am totally ignorant of international finance... Just a cynical asshole looking to rain on people's parade...
Most People Don’t Want to Know
Most people don't want to know that these are all ponzis. They'd rather believe they've cottoned on to one of those super secret investment programs so beloved by the yellow-fringed flag crowd.
Real secret. Cleverly hidden on the net. Real hard to find too. Just goggle HYIP.
Or in the more current incarnation, you get to ride on the coattails of some hotshot foxex trader. Published stats show that a reall good forex traded can average between 5 and 15 percent a month, and that 95% of people delving into forex come out overall losers. Yet there are all these HYIP's that pay 1, 2, or 3 percent a day claiming they're generating the income via forex trading. Hell if some one could pull that off why would they bother setting up and running a program, wouldn't it be better to hock everything to bankroll their trading and keep it all for themselves? I know I would!
The problem is that unless you can get your head out of your ass and see these programs for what are, you're doomed to get cleaned and reamed. Only if you work under the assumption that they are all ponzis can you make one of the two only intelligent decisions about them that cam be made.
That is either:
1) Don't play them.
2) Or if you must, learn how a ponzi works so you have a fighting chance to make a buck.
But if you insist on seeing them as real investments in order to meet what ever survival-challenge psychological need you have for them to be real. Then you are toast, and very burnt toast at that...
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