Year of the Ponzi

The herald wrote today about 2009 being remembered for the Year of the Ponzi scheme: I would have to agree. The interesting thing is that they combined the financial melt down and a couple of other issues as to why they were able to stop some of these mammoth schemes before they got out of hand.

I have a couple of issues on this topic: The ponzi scheme and the con artists that run these side shows wreak the entire industry for everyone else: What Industry Network Marketing and any other kind of legitimate Marketing Business. The thing that disturbs me is that if an average Joe actually done half a dig on some of these wild dreams: they would un earth them for the crap they are. But people dont: I have been stung a couple of times by people trying to fraud me: Luckily because of the way my affairs are arranged it is near impossible to fraud me out of Money as my consulting Services work the other way, you have to pay before I help you and I only invest in Companies with History and Reputation: I have looked into Amway: But Kane isnt that a Ponzi Scheme, in a way it is, but also its not because if you work hard you actually do make money: Unlike these nightmare schemes.

Thats my real issue is those who try and give these big ideas a go such as Amway and the rest are going to get shot down anyway for a range of reasons: But when these Cow Boys waltz into town well it just makes things ten times harder.

My other Gripe today is with Face Book who are fast becoming the next big Ponzi Scheme: They are racking in Ponzi Scheme type money, and yup its mostly all one way.

And many of their cash cows are set up in a way to take advantage of the vulnerable, the weak and the naive. Thus 2009 is the Year of the Con and The Ponzi. I n a way they kind of deserve to be stung the way the are, if you invest so much money into a Company you havent really heard of or a Company that doesnt have a good name like Toyota or HP or IBM, you know someone you have heard of then well maybe you deserve it.