₦airaland Forum

EduC:
Pls after GH of a fraction of your outstanding mavro, must you PH before getting help again?

Urgent answer will be appreciated.

You don't have to provide help to gh again.
But if you want to gh above the current limit then there is a percentage of your gh you must PH back. This will be communicated during the week in a news flash.

People getting paid for real
MMM is here to stay, will be bigger and better after full implementation of the New Model.

NgeneUkwenu:
We will continue to talk about this Scam, and Nigerians quest to "get rich quick"...

Imagine some fools are still.waiting for January 14th...

Just because you started a copycat with money from mmm you think you can spill rubbish about mmm Nigeria from you gutter of falsehood?

Interestingly only the non participants are shouting"foul"
MMM Nigeria will be stronger and better in 2017.

I have 1.3million NGN frozen mavro

I just PH 300k again.

#Istandwithmmm

oladayo63:
God bless you, OP! I don't know the intention of Mavrodi, but I know the rich doesn't want the the poor near the level they are. I've listened to Mavrodi a couple of times and his analysis and opinion are mind-blowing.
The guy knows too much!

One problem we have on ground is the numerous schemes that have come around and faded into the thin air. If not, many won't be rubbishing MMM like they do. And another thing is that most won't seek the truth before jumping to conclusions.

Hopefully, mavrodians will make the last laugh come January 14th.

#iStandWithMMM

Just PH #130k

True talk

BETWEEN PONZI SCHEME AND FRACTIONAL RESERVE LENDING POLICY: A CASE FOR MMM AND OTHER MUTUAL AID (PEER-TO-PEER DONATION) SCHEMES.

I would start by saying I am an ardent student in the subject of money and currency (Yes, they aren't the same). From the creeping into America's lexicon of "war is profitable" and the severing of dollar from gold by President Nixon (that set a new standard of fiat currencies for the rest of the world), I read about and crave money devotionally. Since I love the subject of money and currency, I had to do my study into the two subjects above. This became necessary as the words "ponzi scheme" first landed on the Nigerian mainstream terrain, an event that coincided with the arrival of MMM 2011.

We hear a lot of publicity about the danger of MMM, about how it is a "ponzi scheme", they keep saying; and how it is doomed to crash. Funnily, I hear these narratives from people who are hurt first hand by the mere existence of this economic bandage from Russia, and also from people whom this scheme is designed to liberate from and assuage their poor standard of living. So I concluded that the rich and powerful are as rich and powerful because the others are lazy and ignorant. That I'm very sure of.

I digressed.

My simple litmus test to ascertain if any antic against MMM is really a decision based on knowledge and research, or simply a "masses reasoning" that exists for the rich and powerful to exploit: I try to engage people in a debate comparing fractional reserve lending legally practiced by financial institutions and the ponzi scheme of Sergei Mavrodi and other Robin Hoods. 99% of the time, they test very blue: they've never even heard of Fractional Reserve Lending, and they first heard the words "ponzi scheme" from Linda Ikeji Blog or Premium Times.

So what exactly is a ponzi scheme? And does MMM really fit as one? I am asking you!

My attempt: I'll spare you the dictionary definition. You can find that with a quick Google search. An analogy that attempts to describe it (one the authorities and other critics have used to describe MMM), because it is the least "jargonless", is simply ROBBING PETER TO PAY PAUL. But that definition falls flat in the face of mutual consent between Peter and Paul. No one is being robbed. Today Paul takes from the pool Peter also contributed into, tomorrow Peter does. Sounds more like very sophisticated "Osusu". Very sophisticated. Since I'm not an expert, pardon my non comprehensive elaboration. But I think its conciseness fits the context.

So how about Fractional Reserve Lending. It's simply a policy that allows a commercial bank to just keep a fraction of the deposit it claims to hold, and is able to use the other in other ventures that are not fully risk-proof; like give out a loan to individuals or government, invest in capital projects or whatever. In other words, Customer A takes N100k to "Second Bank of Nigeria". He gets some sort of digital receipt in the form of a balance back to his home. The law of Fractional Reserve Lending allows the bank to keep just a percentage of that N100k (usually 10%) and engage the other in trade. So Second Bank of Nigeria can then go ahead to give out N90k as loan to Customer B. So customer A has digital receipts, Customer B has N90k in hand. That is 190k in existence without any interest, without any genius from any banker, without any sweat from any marketer. Just the law.

Let's pull both concepts towards a meeting vanishing point. The concept of Ponzi Schemes and Fractional Reserve Lending allows artificial currency to be created into a system. 30% extra Mavros; N100k final balance in an account. Both of these can be converted to cash. You either GH or you communicate with your bank to pay you.

So, the obvious question arises: how are those extra derivatives we created from the ponzi scheme and fractional reserve lending accommodated? The simple answer is that everyone won't go to the bank the same day. Today it's Peter, tomorrow it's Paul. If Paul and Peter go the same day, MMM or Second Bank of Nigeria crashes. That simple.

So if they are so similar, why is one embraced and the other is considered legally and morally criminal?

Let's go back to the illustration. Customer B deposits his 90k in Second Bank for a while or simply takes it to "Gitib Bank". Gitib Bank replicates the process and are able to keep just N9k and loan out N81k to another customer, C. Already N271k has been generated from just 100k physically circulating. The rest are just numbers in computers. Only one person has N100k, two other people owe the banks N171k. Imagine!

Maybe they all loan at a generous interest rate of 5% pa (which never happens). Do the math on the derivatives these banks can create from mere "keeping" of people's currency. Even without any interest on the ricocheted use of people's deposits, those guys will smile to the bank. Oh! They are already at the bank. My bad.

Secondarily, money supply increases, inflation sets in, the keke guy has to work harder to afford the life he lived earlier with less resources and stress. All while some Agbaje or Adenuga guy smiles at his billions made "legally."

Then came Sergei Mavrodi with his concept of creating this pool of increased currency supply, but designed not to benefit him, but to benefit the masses. Not the big owners. Not the government who feed on taxes and can't do anything to hurt compliers. Then came MMM.

If you didn't know this already and was busy criticising, I hope this will help you understand why the huge PR efforts to discredit MMM and dissuade your involvement in it. And I hope you now know that those guys had what they were fighting for, and you didn't. You were just an egotistic opinionist who didn't even know where the gun barrel was pointing. I hope too you realise how foolish you've been all the while.

In conclusion, MMM is actually your friend that you threw out. The real ponzi scheme is the bank. They won't even give you loan to plant a plot, they don't go any extra length to add value to you. It's all business for them. The government is their accomplice and we all know they are worse. Like Sergei asked, "if you know what is right for people, why is the life so bad in the country?"

If a Senator that does not care about your dilapidated learning infrastructure, where you have to go out from and compete in the same market space with folks from Norway and China, if they don't care about your near zero healthcare, why do you suddenly think that they will care about where your business risks lie? How could you be so foolish? The other day I landed in a chat room with folks that are deeply into cryptocurrency and are in far away Europe, and I began to really feel the impact of NOT having power 20 hours out of 24 in the 33 years I've been alive; of taking GST classes in a hall crammed to varendah, under a lecturer who does not even know me; of having to buy internet bundles at exploitative prices and still having to move from kitchen to varendah in search of signal to connect Google. I felt like an illiterate with no hope.

Yet those guys who are benefiting from this ruin want to advise me how to keep my hard-earned money. I stand with MMM through the trying time. I just PHed 50k. I'll gladly pay that into the system and not expect return if that's the cost of finding its balance again. #IStandWithMavrodi!

Applicants will be contacted after the close of the advertised vacancy which ends 12:00am tonight Thursday, November 10, 2016.

closing date: Thursday, November 10, 2016.

Responsibilities

The Secretary/Personal Assistant will provide secretarial and administrative support to an organized virtual financial community. The personnel will play a supportive role and be in charge of general administrative and clerical duties which include but not limited to - assisting the general partner in his official duties, maintaining the managing partner's diary, drafting and handling office correspondence, managing databases and ensuring the daily upkeep of the office.

Required Qualifications:
• BSC/HND/OND/WASC HOLDERS
• Must be computer literate
• Candidates MUST have at least two (2) years experience as a Personal Assistant (PA).

Personal attributes:
• Excellent writing skills in English and good oral communication skills
• Excellent customer service skills
• Passionate, motivated and good at taking initiative
• The desired candidate must have a high attention to detail.
• Ability to work under pressure and be flexible as part of a small team
• Ability to exercise discretion in dealing with confidential or sensitive matters
• Able to work closely and constructively with others
• Must be Presentable and Smart
• Proven research and analytical skills, able to think critically and articulate

Remuneration

NGN50,000 monthly (plus bonuses)

Method of Application
Applicants should send a Cover Letter, Curriculum Vitae and contact details of two referees to consult4mentorship@gmail.com on or before Thursday, November 10, 2016.

Please note that applicants are expected to be resident in Nigeria, and only successful candidates will be contacted.

@Poster

Thanks a lot, this is indeed helpful.

DO YOU HAVE A BLOG OR A CONTENT SITE WITH REASONABLE TRAFFIC.

GET PAID FOR REVIEWING OUR SITE.

SEND A MAIL TO info@dutyad.com

Your mail should also contain your BLOG or WEBSITE url.

Thanks.

We are on, we are live.

The biggest thing in naija online advertising.

You don't need dollar wahala again. pay in naira, Pay in Nigeria and see your ads flying in front of internet users accross the globe.

register Now and start increasing your income

www.dutyad.com


VISIT OUR FACEBOOK PAGE AND SEE WHAT PEOPLE HAVE TO SAY:

http://www.facebook.com/group.php?gid=284131835029#!/pages/DutyAd/170589516330962

Are you a Blogger or you have a content driven site? If YES, then you are the one you need.

We are a new ad Network (www.dutyad.com ) and need 20 Bloggers/Webmaster to review our Services in their site.


WHAT DO YOU NEED TO DO?

1. Click on www.blogpay.dutyad.com

2. Click on Register and register. Login and add your url.

3. After adding your site we will automatically get your Page Ranking and Traffic stats, This will help us strike a fair bargain.

4. You will receive our bid and after your approval we will send you all necessary information if needed and effect the bargain.

5. If you don't have papal (for Nigerians) we will pay you using Liberty Reserve or Bank Deposit, though you are still required to input a paypal email.

Contact us to with your necessary Detail (LR or Bank info).

for more info, use our contact us form to send your information or
email: info@dutyad.com

you can also call our service Line 08064774780 (Nigeria Only)


Thanks.

www.dutyad.com

[size=18pt]Main Features[/size]


Supports Websites With Many Millions of Impressions Per Day.

Pay Per Click, Pay Per Impression and Set Rate Ads Supported.

Multiple Currencies

Automated Website Stats and Screenshot Collection

Targeted Ads - By Category, Location, Age, Gender, Keywords or Language.

Advertisers Can Make Offers to Publishers

Clicks By Country Of Origin Stats.

Tag System

Merged Advertiser & Publisher Account. Seperate Advertiser Account Also Supported.

Detailed Ad Reports and Stats

Filter New Websites By Alexa and Google Page

MODE OF PAYMENT

Bank Deposite/Transfer
Liberty Reserved
Alertpay


COMING SOON

PAYONEER US MasterCard (for Payouts)
Paypal

It is not about google but the fastest and highest paying Nigeria friendly Advertising Network with support for Naira and dollar. Absolutely the best and Nigeria friendly with support for different payment options.


YOUR COMMENTS, QUESTIONS AND SUGGESTIONS ARE WELCOMED.

SITE URL: [size=16pt]www.dutyad.com[/size]

d GUY WANTS TO BE CONSOLED ON HIS RECENT FLAWS.


Kpele, sorry o

How many installmental payments will you collect and
from what location should your prospects reside?

sold

Still available

Sorry dude,

Already gotten a deal of 28k.

Do you expect me to bring it down, ? I don't think so.

Got a deal for 28k

will be selling it tomorrow after election

Still available

already gotten 25k bid

phone is clean with best battery life

28k going,