Nigerian dey para o

It is so clear that the writer above is a propagandist.... When CBN says beware of wonder banks...what Happened to Baba ijebu, nairabat,bet9ja,sure bet and all does betting institutions dah uses dubious means to collect money from young Nigerians...They have bin in existence for some time now long before MMM Nigeria was established and people have lost millions of naira to the platform,y didn't CBN nor SEC come out to warn Nigerians bout dem @least the probability of losing is 99% while that of winning is 1%...One reason and that is the owners of these institutions are giving the government bribe to kip mute..... And nw MMM has come and dier business feels threathened...dey are now using the government to say thrash against what is putting smiles on peoples face....
Nigerians are wiser nw...keep stealing all the money above....no concern me
We would kip helping our selves and b financially free
MMM is not for everyody
It is either u join or u don't
It is either you are with us or with them
Either way...I still get paid....
CBN my foot

How does MMM generate 30% to pay participants?

This is a question that can never stop being asked. I have tried explaining this severally BUT its like "magic" to so many.

I understand everyone's fears that's why I will break it all down further mathematically below.

Let's say,

100 donations came in from 100 participants @2,000naira each = 200,000naira

In order for the 100 donations to be paid their 30%, that means 60,000naira extra donations must come in.

The BIG QUESTION is then how?

Here it is:-
The 60,000naira wld come in through:-

(1.) Regular GH and re-PH from the 100 donations done by the participants.

Here is d maths:-
50 participants GH all their earnings + Principal donation = 130,000naira.

Total left over PH balance = 70,000naira
The remaining 50 then needs 60,000naira to get their own 130,000naira paid too.

The first 50 paid 130,000naira total then re-PH back their 100,000naira (maybe keeping back their total profit of 30,000naira)

That then adds up to the 70,000naira available to pay the 50 participants left (130,000naira).

++ So, the cycle continues on and on for as long as the principle of Regular GH and re-PH remains!!!
+++
This is just d same Principle Banks work with. That is why it is possible for just a deposit to serve 10 - 20 withdrawals.
And they pay you little interests for using your money to keep the redistribution process going!!

++NOTE+++
Don't come and do "Hit and Run" - The one u GH'ed and ran away with will soon finish and u will have to start all over again when coming back!! Why not just relax and earn for a longer period.

So whether new donations comes in OR not, the process of providing and getting help can continue for as long as all participants knows the whole process depends on their actions or inactions!!!

Secondly

(2.) New donations coming in through participants referring others to the community. This keeps the system consistently growing!! Every business (offline/online) needs new sales to survive..

Yes - MMM provides NO Guarantee and we all donate ONLY our "Spare Money"

BUT sincerely it can go on for as long as we all want since we all make the Community what it is!!

Always remember that in MMM there is

++ No Company Account!! Mavrodi can't wake up one day and ghost off with the money since we are not paying to his account.

++ You bank account/bitcoin wallet is MMM's account.
MMM's strength is the IDEOLOGY above that I broke down mathematically!!!

We are the Community!!

Together We Change The World..

cooldudeng:
Another Ponzi scheme

What the adocates have failed to explain is how the system generate the 30% that it pays out.

Even the economy isn't growing 30%

On this, I will gladly pass!

lookingfly:
so where does the 30% comes from?

Visit d site bro and read d ideology,then u wil understand whr d 30% comes frm.
If u havn't joined MMM nw is d right time

oaks123:



A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

https://en.wikipedia.org/wiki/Ponzi_scheme


A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

https://en.wikipedia.org/wiki/Pyramid_scheme

thanks a bunch.

cbn and sec are jst fighting against competition.mmm don cause bad market for them thats all

[quote author=DozieInc post=49410246]


Correct question, MMM will eventually crash.
[/quote

You will eventually die someday as well.. ..my little advice read everything about mmm with curiosity and not with doubt.....I forbid to remain slave to dese thief's called nigeria Government.

I'm a beneficiary of mmm. The way I s it when you invest any amount consistently for the months you would hav gotten your initial capital back. So whatever money you re invest after the 3rd month is more like mmm money (that's th profit you made off from them) so if eventually it crashes it won't b your money, but theirs. I believe only from greedy will get the money crashed with the program.

Am totally confused,I need someone to advise me.I need extra income.I have made up my mind to help with 20k because I have registers.
is it better to buy share with the instead of mmm

So MMM is a ponzi scheme?
What about Meridian, Helping Hands etc?
CBN, SEC etc never talk wetin them want.

optimisttayo:
Am totally confused,I need someone to advise me.I need extra income.I have made up my mind to help with 20k because I have registers.
is it better to buy share with the instead of mmm

Lol.
I am guessing you are kidding. #20k worth of shares, even if na NNPC shares, will not give you more than #5k in 2yrs.

Some peeps be dancing upandan. What I can summarize from the CBN piece is Threat. Some people feel threatened by MMM. Imagine huge cash movement on a daily basis from one bank to the other. So, they now threaten to arrest MMM promoters but will have no grounds for that. Shey MMM na deposit collectors or just a platform for linking willing peeps to help one another?

Boleyndynasty2:
One thing i still don't understand about this MMM is how they make the 30% they give everyone. Cause even people who ask for help don't pay back with interest so how do they make profit and also get 30% to pay everyone?

Your question is even simple, I have more complex question. Let me answer your question...

When you provide help to someone, some other person from some other place has worked out the 30% and will be willing to provide the help. Its a kind of food chain in the animal kingdom. Remember, an antelope needs the grass to grow but the lion needs the antelope grow. Therefore, it balances the food chain and make the world even. The only disadvantage is that it's going to discourage productivity and make the currency a common paper. At this point, MMM will crash and the world start affresh.

Hahahahaha, seems more people believe MMM than FG/CBN. I was a CORE DIE HARD HATER of MMM as I couldn't fathom how the scheme get its 30%. A colleague practically FORCED me, took ma details and registered me sometime in August. Trust me, I HAVE NEVER REGRETTED IT!!! Now the interesting thing is that virtually ALL participants understand the risk, yet they faithfully oblige to Provide Help to a total stranger (who is also a member of the "community". I must confess that I am a "doubting Thomas" (in fact I doubt pass Thomas sef), but eh, d tin dey work die!!! MMM works, still pays, etc.

I don't know how the founder got the IDEOLOGY, but walahi, it is simply superb! I know it will collapse one day, someday, sometime, but I also know that it just may not collapse if the GOVT/CBN etc do not sabotage the scheme. The scheme will not fail (provided the GH & PH continues) unless the founder(s)/owners shut down the site.

For all ma forum brothers/sisters still kicking against the scheme, I understand perfectly your fears. I had those fears, I still partially have them. But wouldn't you rather give it a shot with some SPARE money (I didn't use spare cash to start though)?

Personally I do not refer people to MMM cos I don't wanna be held responsible for any loss should it ever occur. In fact, from the way the system is designed, you CANNOT hold anyone responsible cos you did not even give the person that referred you any money in the first place.

In conclusion, I cannot help but rest IMPRESSED with the ingenuity of the founder of MMM. I have tried severally to get possible loopholes (based on mathematician wey I be, lol) to no avail. The security level of the system is WOW!!! I AM IMPRESSED!!!

MMM will crash/cast/fail sooner or later. Some call it robbing Peter to Pay Paul. As true as that sounds, a word of caution is: Please DON NOT BE the PETER!!!

toluxa1:
Watch this Video to really Know what MMM is all about.
Discard the deceit and lies that SEC, CBN and all these oppressors that will rather you remain under financial constraint spill.
This warning is definitely not talking about MMM so I wonder why they put MMM there. If they are, then it's such a shame that they can release such a report based on an incredibly high level of ignorance of how the system even works. None of the well over 600 thousand members of MMM has ever deposited N1 to MMM, MMM doesn't collect your money.

Where has CBN been when MMM has been changing lives. Where have they been when MMM has been spending millions in charity? Yeye people


https://www.youtube.com/watch?v=mrLFaJcytFY





THE MYSTIFIED 30% How to understand it.

Its important you all understand this concept so much that you can easily explain it to others.

Let's look at it from this practical point of view,99% of us here have bank account. Right? Good.

We put our money in the bank because we Trust its safe there What do u think is the % of people who put their money in Banks?

Do you know How many % of people in Nigeria has an account with First Bank?

Yes you guess right!

Let's say 70% of Nigerians.

That's about more than 50million Nigerians. And Among these people are

The Poor
Middle class
and Business men
Companies

Among this set of people are those who deposit their money in bank at different intervals
and different amount.

Right?

And they withdraw at different intervals and different amount.

That means If you deposit 200k Another person deposit 1million,Another deposit 2k,Another deposit 500k,Wenever you are withdrawing your 200k, Someone's elsewhere is depositing a huge amounts. To supplement ur 200k withdrawal. And this circle continued on and on.
And becos of the population of people using the bank and different set of cash and different time of deposit and withdrawal

There is 100% chances that you must get your money withdrawn whenever you need it.

Anytime u go to bank to withdraw money
That's the principle MMM is also using
Its called Crowd Funding,The power of crowd funding, Banks And all financial institutions use the principle,That's is why the owner of this Banks are filty rich.

Where do you Think Bank Gets money they loan out ( Yes our Money) You evidently give bank your money when you and all those who have account with the bank Crowd Fund(Deposition Remember I want to make this more practical.

Look at this illustration, illustration U have 1million naira,U went to the bank And put it in a fixed deposit account With interest of 12% per year. U are happy As u leave the bank

The business man comes And request to use ur 1million for biz Same bank charge him 35% He agreed Went to do biz wt ur money And make profit

Pays d bank Ur 1million +35% At d end of d year U came and collect 12% Who is the fool among the 3?.

And who is the king?

They all get paid But one of them is the king. The Bank
The B A N K.

Now the bank collects our money. And loan it out To bizness men And make lots of money to pay d staff And enrich his life What happen to u d depositor.U get Nothing
Not even 1% of ur deposit.

Now MMM says No.Because of this unfair financial system.Sergie Mavrodi,Thought it necessary to look at d financial system and realized that, Banks survive because of the continues deposit and withdrawal of cash,At different intervals
And because of the population of people who have an account wt d bank. Sergey Mavrodi decided that even bank with that principle can even give us 50% of our money monthly but they won't do it

. The principle of crowding funding enable the bank to even give us more interest on our money monthly and nothing will happen.But because of the unfair financial system in place dey will never do it.

He realized that if we can come together. Like those population with bank account example I gave earlier .If We can copy the same principle bank and financial institutions use to flouish We can do a lot .

All it takes is just the Redistribution of cash flows. And the IDeology in MMM.

The system provides that redistribution.And with a great community with same goal and mindset it can be achieved.

Are u guys getting where am heading to?.

because people deposit at different times Banks lives on

.because people PH in MMM different times. MMM lives on

because people wifhdraw in bank different times. Banks Lives on

.because people GH in MMM different times. MMM lives on

Because of the influx of PH and GH regular PH and GH there will always be 30% to Pay to everyone .

Because of Regular Deposit and Withdrawal at different times and different amount there must always be money to withdraw in banks.

What if everyone match to bank and withdraw their money same time same day what do u think will happen?

Bank will collapse
Same thing in MMM

If every one GH at the same time MMM won't stand for long.

So its our responsibility to keep this community strong thru regular PH and GH.
The same principle Holds Bank and other financial bodies

*****************

How does it Work

You know about the popular word 'Contribution' where people contribute money to one person and there's a book where everyone's name is written. When it gets to your turn; everybody's money is given to you....

In MMM, we make pledges to donate our SPARE money to members who need the money. We do so by logging into our MMM account (Personal office) to make the pledge. We join the queue of people who made pledges after making the pledge.
We ONLY make pledges. We don't gather our pledges to give to one person. In MMM there is no CENTRAL ACCOUNT (No bank account where all our pledges are paid into). Members transfer money directly to each other.

Now, if a member in the community who has already made a pledge to provide financial help to another member and has fulfilled his pledge now needs help, he does that by logging into his MMM account (Personal Office) to say so.
The system, connects him with the person in the queue for providing help. If it's your turn on the queue to provide help; when you log into your Personal Office, you will receive the details of the person to provide financial help to.

As soon as you pay the money directly into the person's bank account who needs that financial help and that person acknowledges he has received the money, you are now qualified to receive help.

You then log into your personal office to ask for financial help. Someone/people in the queue who's turn it is to provide help will be assigned to pay you 30% of the donation you provided + the donation money itself.
Where does 30% come from?

There is no interest rate in MMM. In MMM after you donated money, you can be rewarded with mavro. It is an index of your tributue to the development of the Community. This index grows 30% a month. It is just a technical issue. Programmers can adjust this growth rate of mavro at any moment. The amount of mavro and its growth rate can be decreased, increased, stopped, cancelled. The amount of mavro and its growth rate can be adjusted at any moment to balance PH (Providing Help) and GH (Getting Help). That's why MMM can't collapse due to weak inflow of donations. If the inflow of donations will decrease, the amount of mavro will be adjusted, but the main important that the process of donation exchange will not stop. It makes MMM stronger than the financial organizations. Financial organizations have obligations, if they do not meet them, they will go bankrupt. MMM is very flexible. No matter what will happen, people will provide and get help.

MMM will liquidate banks

Freelancer2015:
Have you wondered how MMM pays its staffs and maintains their dubious company along with their website? Even if a staff of MMM should once in a while give you his savings account to deposit your funds and then use other participants to return your money with 30% profit, can you tell? Nobody will start up a company without a view to making profit. When MMM crashes, billions will be lost.

Although, Nigeria on thr other hand has made life so difficult for the masses and people can't help but participate in this MMM.

By now, google adsense and BTC will be paying mmm 10k USD every 15 days, ask seun.

urgent buyer for two plots of land measuring 648msq. at treasure parks and gardens (golf & estate)phase 1 ext.,shimawa,behind redemption camp,off lagos-ibadan express road.currently been sold at 4,000,000 per plot by adron homes properties and estimated to sell for 6,000,000 before year end.each plot is going for a discounted rate of 3M per plot for any interested person.title doc available are,a duly executed purchase receipt,deed of contract,deed of lease/deed of assignment,survey plan,letter of plot allocation,land covered with global certificate of occupancy.price negotiable!
HURRY call/whatsapp 08034637732

Rockstar07:
It's boldly written on their Site that it's a Risky Investment.

But this one that the CBN- Govt have begin to nose around, hope they won't campaign to clamp down the website which may result into helper to wallowing in Loss while those who request for help will smile to the Bank.

This Pyramid (Ponzi) Schemes is a mouth watering investment and its prosperity depends on the govt of the country where they're operating. i'd advise peeps to be careful at this period (next few months) this one our CBN is nosing around so they won't wake up one day and see that the site have been brought down.

MMM will shut down productivity and banks will liquidate...however, some IT guys are going estreme. The next generation servers cannot be controlled by the U:S and websites will be independent and individually made...here comes the end of the world may be...

Really

I dey read .... i go cum back

kceewhyte:
Is high time I joined this MmM

Come and register under me.

Kay17:


But where does the toxicity of the businesses that fail on this system go to?

What do you mean by TOXITY. Kindly explain

[quote author=jayzblogng post=49407638][/quote]



Source and link pls

lookingfly:
so where does the 30% comes from?

From 30 days...if you know how important time is, you wont be asking this question. You are simply lending money to someone who has something to do with the money during that period.

mecussey:



MMM will shut down productivity and banks will liquidate...however, some IT guys are going estreme. The next generation servers cannot be controlled by the U:S and websites will be independent and individually made...here comes the end of the world may be...

Chief, Wetin you smoke?

naira0:




What do you mean by TOXITY. Kindly explain

I will rephrase the question. Who bears the bad debts?