₦airaland Forum

the guy is a porn star na.. and he has a website where you subscribe for his videos per month and trust me he has a lot of subscribers.. God help him sha

you can't pay customers but you attack MMM

Holy Ghost air ty bello ft Nathaniel bassey

youngmoneyeze:
Hey, my dear good people of nairaland i need accuracy answer about this, is futo owerri accept two sitting and can i get admission into futo owerri in computer science with this result.EconC6, geoB3,English D7,chemistryC6,BiologyC6,Maths B3,Physics A1 and further maths A1. I had C6 in preview waec result. Can this gain me admission into futo owerri?

yes you can add two sittings

DIFFERENCE BETWEEN MMM AND NIGERIAN COMMERCIAL BANKS


# *WHEN THE PURPOSE OF A THING IS NOT KNOWN, ABUSE THEY SAY IS INEVITABLE* #
WHAT IS REVEALED BELOW WAS THE "HUNGER" SEARCH I HAD AFTER DISCOVERING MMM NIGERIA AND HER IDEOLOGY. AFTER I HAD FORTIFIED MY SELF WITH THIS KNOWLEDGE, IT WAS NOT A SURPRISE TO ME AGAIN WHEN BANKERS AND FINANCIAL ANALYST STARTED ASKING ME IF I HAD BEEN IN THE BANKING SYSTEM BEFORE.
---------------------------------------------
-------------------------------------------
Ubokobong Udeme Akpan..... Had this to say.!!
PONZI SCHEME AND FRACTIONAL RESERVE LENDING/BANKING 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 27 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. God's punishment on you guys! 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 !

and I'm on the train to front page.. lalaaaaa

julyb:
Tell me something else abeg.you are matching me faster because someone is requesting to get help.if no gh request,you wouldn't match me earlier.it's like the gh are now coming more than before.

no bro.. there are still others that weren't matched early.. you use wisdom to analyse these situations bro

Jakasibo:
Something came up and is an emergency so i need money sought it out.

you're breaking rules..it's supposed to be spare money.. now you're having issues.. create a ticket and write to support, at the end of your story add "I pledge and vow that this will never happen again" that statement can get you unblocked in hours

Jakasibo:
Please i need help i was merged to provide help to two people 50k each and i was able to pay the first person which he confirmed but i was not able to pay the second person due to emergency so i clicked on " i refuse to pay" but after that my account was blocked. please MMM participants here should help me coz i want to know if they will unblock me because i have not even collected the one i paid. Please i need your advice.

first of all why weren't you able to pay the second person?

Calculux95:
Are you a guider

no bro..

adeniyisavage:
I totally agree with the above comments
I've often wondered the essence of a guider in MMM. The guiders I know are to be above board, consoderate and friendly.. most of the guiders on MMM are rude, egotistical buffoons who feel they're doing you a big favour by even picking your call
The post of guider should be completely scrapped. They offer little or no value to the system,rather they act like leeches and parasites sucking the resources of others while practically doing nothing.
I also agree with MMM getting weaker.. People aren't providing help as much as before despite the obvious increase in participants. It used to take on average 13-15 days to get matched, now less than a week. I've personally experienced this.
For MMM to succeed.. in my opinion.. Guiders should be scrapped.. And a heavier crackdown on fake POP uploaders.

let me tell you the reason why people are getting matched earlier than usual now. read this scenario carefully. my name is diddy ,I made a ph request on the 1st of December and I was expecting to be matched on the 15th or 16th thereabout, meanwhile I don't have the cash at hand, but I'm expecting it on the 12th from another mmm account I'm running. now it's 12th but the person that was matched to pay me didn't pay and 48hrs were wasted,had to wait another 48 hrs for another sender, but I'm running out of time.. they already matched me on my other account to ph, what do I do, I upload a fake pop, to buy time and in the end everything gets messy. but in the case where you're matched early,you wouldn't even think twice because it's either you have the money or you're blocked, because when you're matched early, you don't know when the other money you're expecting is coming.. and trust these fake pop guys they don't wanna be blocked so by the time they weigh the options and see its not worth the risk, they leave it. note that I'm also on a whatsapp group where some people are complaining that they haven't been matched for two weeks and counting.

zainabicy:
And here I am, needing some serious answers to Op's question...only to see some jobless nairalanders come and 'book space' ,

Smh ,

Please well meaning peeps, pls recommend , I am also looking for something within that budget

Gionee p5 mini is pretty good.. even the p5w

skywalker001:
u pple shud stop wasting ur time cos d guy na one broke ass nigga. One of my post has already pass 24hrs and wen I call him out he didn't rply all my mention until he went to like it himself after almost 48hrs. After he liked d post he jst rply my mention dat but d post has already bin liked and he has bin coming online b4 d post was liked... U pple shud jst wating ur tym here cos all he needed was attention and he got it

P.S: Check the date and time d post was made and the date and time the post got the 1like below

woah for real men.. it wasn't even legit

you guys should not annoy me ooo.. for the last time, don't like the post

I said keep scrolling

just keep scrolling

dingbang:
so many other meals we havnt even explored. When was the last time u visited the food section?

yeah but everyone seems to know only the ones I mentioned

Oya tell me which other food do we have except rice beans noodles spaghetti yam garrison... what else

people are looking for how to make money you're removing women's towel. OK now

a domain expiring doesn't mean the system is shutting down. stop being part of people that spread lies

aylagos:
Fourtheened

fiftheented

sonssyo:
what happens when am matched with someone else and the person did not pay.OF COURSE I WILL NOT EXTEND THE TIME. I have not experienced this before sha but this one that am matched with a lady and she is not picking her call and the line is not going now, what am i going to do or will the system block the person automatically.

please don't extend her time.. unless you don't need the money urgently.. Just wait till her time elapses then you'll be immediately matched with someone else to pay to you.

jose556:
Waiting for answers ooo

yes oooo GMBuhari still waiting for your response.

paulavon:
Presently it cost like 38k to sew a 12ft by 10ft tarpaulin pond, with additional 17k for the iron stand and the piping work,which is a total of N55,000.
N300,000 can get you like 6 tarpaulin ponds but it can only give you 3 concrete ponds. Tarpaulin ponds will still serve same purpose

thanks for the help. I appreciate

paulavon:
The capital to start depends on what you have already.
You need a land, borehole, a small house where the workers will stay, the cost of ponds depends on how many you want and the size. Factor all those and you know the capital you need.

how many ponds will 300k get me if I use tarpaulin and how many ponds will I get if I use concrete.. which is easier to operate? tarpaulin or concrete?

TVTKOKO:
FOR THOSE OF UNA WEY DUN GO BUY DATA TILL JESUS COME BACK


INSTEAD OF US TO JOIN HANDS TO FIND SOLUTION,, SOME BILL GATES CHILDREN RUN GO BUY DATA

lol I dey seriously laugh them now ehh