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KYjelly2's Posts

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BusinessRe: 10 Categories Of People That Will Regret Their Lives When MMM Crashes by kYjelly2: 10:16pm On Nov 22, 2016
That's how one guy told me to join b4 I even knew anything about the scheme.

I said OK dude, lemme try with 10k first. Dude was like, no, that I should start with 1 million naira.

Can that kind of guy be my friend?

All because you want 10-20% of my deposit, u tell me to skip my research and invest 1mil on top of that.

Scammer ediots
BusinessRe: 10 Categories Of People That Will Regret Their Lives When MMM Crashes by kYjelly2: 10:12pm On Nov 22, 2016
MMM'rs are funny men!!

You guys are not investing Nada!

All you are doing is ripping off the next guy and telling the next guy to rip off the next guy, smh undecided

If you are have recovered ur money from MMM, then consider urself lucky.

Funny enough, all this mmm guys won't sympathize with later comers that can't recover their money, some of who may become suicidal.

Mmm Russia crashed
Mmm Zimbabwe left 66,000 pole stranded.

And u say MMM won't crash?

U guys make me sick men!

Find a more sustainable means of income
Christianity EtcRe: Sam Zuga "Turns Cold Water To Hot Water" In Ebonyi. People React by kYjelly2: 6:21pm On Nov 21, 2016
ChangeIsCostant:
very irrelevant miracle
like undecided

I never want to criticize a real prophet, but nowadays there are so many fakes out there.

You hit the nail on the head! How is hot water relevant?

Jesus turned a small amount of fish and bread into a bounty to feed many - Relevant

Jesus turned water to wine when the wine at a party had finished - Relevant


-----

Pastor/Priest turns bucket of cold water to hot water out in the open huh

huh
PoliticsRe: 2019: 4 Valid Reasons Why Nigerians Cannot Afford To Have Atiku In Aso Rock by kYjelly2: 5:39pm On Nov 21, 2016
abbeyty:
like i always say, in a sane society Atiku and his likes are to be cooling off in prison but we are in Nigeria where criminals are celebrated.God help Nigeria
Ediots all over this thread applauding Atiku, like da fvck huh

Is this country cursed or some shhhhuh
PoliticsRe: Buhari A Media Darling, Praised At Home And Extoled Abroad - Yahoo by kYjelly2: 5:24pm On Nov 21, 2016
undecided

PoliticsRe: From The Poorest To The Richest. Every US President And Their Net Worth by kYjelly2: 5:21pm On Nov 21, 2016
armadeo:
Continue....

See as they all had careers before becoming president.

Interestingly most were lawyers.

In Nigeria ask for occupation and they would say politician.

What do you do...

Gather votes
Stakeholder
Contractor

Nothing of note.

Check out own past presidents.

Buhari
Babangida
Abacha
Abdulsalami
Obasanjo

All soldiers

Yaradua soldier legacy
Jonathan ... lecturer good luck got him there

Buhari .. again? WTF! !

Net worth .... never ever declared.
Unknown
Millions of dollars


Previous employment.. federal government

GOD help us.
https://s-media-cache-ak0.pinimg.com/originals/69/82/11/698211eca9a00b4ece4eee3e04abfb54.jpg
PoliticsRe: Still No Chills: Nigeria Twitter Flay TB Joshua by kYjelly2: 5:15pm On Nov 21, 2016
It's better he had kept quiet.

If i was there as he was about to explain, i would have been like :

[img]http://cdn.meme.am/instances/40065486.jpg[/img]
PoliticsRe: Ayade And Miss Africa Contestants Dancing On The Streets Of Calabar by kYjelly2: 5:12pm On Nov 21, 2016
hmmm undecided

ushey face ur wok

ushey face ur wok

so na prere girl make u commot 4 street like so, wit d energy of a tasan lion huh huh

huh

ushey face ur wok angry
PoliticsRe: Gala And Pure Water Now Sold For ₦70 And ₦15 Respectively by kYjelly2: 5:07pm On Nov 21, 2016
ivandragon:
its terrifying reading some comments here.

in a bid to launder the image of this regime, Gala & pure water have suddenly become 'luxury goods' & unnecessary?

in NIGERIA?

some one is even suggesting we should reverse our development by collecting rain water for our daily needs (probably storing them in pits I guess just like in the 18th century)...

interesting times we live in...
grin cheesy grin

We are almost there ma nigggah

we are going back in time all the way to the field cry

https://i4.mirror.co.uk/incoming/article2987476.ece/ALTERNATES/s1200/12-Years-a-Slave.jpg
CultureRe: The Igbinedion Brothers At The Wedding Of Ewamade Igbinedion, Their Sister by kYjelly2: 9:53am On Nov 21, 2016
Damn! Look at my Nigga Saed!

Haven't seen this guy in like 2 years. So this is where u have been hidinghuh

marrying an igbenedion shocked shocked

Nice move dude
InvestmentRe: MMM Fraud Mathematics, House Of Rep Is Right! by kYjelly2(op): 3:55pm On Nov 19, 2016
optimusmind:
Well, all I can say is what you've said is true.
But you failed to admonish one basic fact:
That is banks operates on the same principle as this.
They use the deposit of others to offset withdrawal request (Banking 101)
Only in the case of banks, they give you nothing for it.
The money that banks give as loans, do you know it is our money, you and I, why is it that you get nothing in return for it? Truth be told, we are fueling a financial system "banks" that has always robbed Peter to pay Paul.
Have you ever wondered why banks go into distress even after all the legistlation, Deposit insurance etc?
The answer is simple: They are not getting enough deposit as they need to finance their activities, their selfish activities.

I don't want to counter your opinion , but let me tell you, the banks are LEGALIZED FORM OF MMM.

They take your money, give it to another at an interest rate, only this time, they keep all the profit to themselves.
So tell me, which would you rather participate in, a system that gives you what is yours, OR a system that gives you N5 interest and take a bank charge of N215?

Brother be wise.

And to conclude this, I would tell you that there's no financial system in the world that would survive if people stop to bring their money.
Quote me anywhere, if nobody put money in zenith bank and all withdraw their money, Zenith bank would crash.
So your permutations are correct, but the same hold for any bank other there in the financial service industry, people must be there, the deposit must be constant.

Which is why I put it to you that MMM would not crash ina foreseable future, becuase the people are there, the PH is constant, and we keep making 30%, we will keep getting richer, we keep killing banks, until a system that is fair is established.


Long Live MMM
In no way is the banking concept similar to the MMM concept, they are as dissimilar as black and white.

Banking often comes with a government insurance on your deposit up to a specified amount, while MMM comes with no insurance whatsoever should it go belly-up with your deposit still in it.

Banking isn't about robbing Peter to pay Paul. Sound banking institutions are supposed to make sound investment decisions with customers deposits. Yes, they do use your money to make money, but that is what they are in business for and in return they give you, among other things:

-Money Security : keeping money under your mattress is just an invitation for doom as a lot can go wrong, from rats and mold, to theft and fires. You could withdraw your money though and be your own bank if you so desire, but you would have to own up to these risks.

-Interest : You may not be satisfied with the interest accruing on your deposit, but it still accrues non-the-less.


As said above, you may not be satisfied with the interest rate accruing on your bank account, but they are under no obligation to pay you a higher interest rate. There exist, other sound and insured financial vehicles that can get you to your destination of a higher interest rate, like Treasury Bills, CDs and so on.

--------


You said no financial system in the world would exist if people stop participating in it and I agree!!!!

Without participants on nairaland, comments, handles, etc, nairaland would cease to exist.

Without participants in a school like Unilag, it would cease to exist.

...

We can play this game forever.

The important question to ask is, how sustainable is it? Does it have value? Does it add value?...

For instance, even if a bank makes no investment with my deposit, hence giving me no interest whatsoever and charging me maintenance fees to keep my money, I would still go ahead paying that maintenance fee knowing that i am paying for the risk of something going wrong, if I stored my money myself at home. So in essence, I see value in the system and as long as I keep paying my fees, it becomes sustainable.

Juxtapose that with me, perhaps, being a participant in MMM. I may get paid a couple times, but down the line, according to the glaring mathematics, the implosion would get to me one way or the other. Even if I made money off of it, the fact that it would have imploded, hence become non-fuctional, makes it as a matter of fact NON-SUSTAINABLE!
InvestmentMMM Fraud Mathematics, House Of Rep Is Right! by kYjelly2(op): 12:30pm On Nov 19, 2016
Okay class, today we learn how and why MMM Nigeria is a fraud based on simple mathematics.

To keep this as simple as possible, I will be using friendly round numbers for this illustration.
[color=#3498db]
Lets Begin!!![/color]



So, alot of Nigerians now are drawn to the possibility of making 30% of their "investment" within 30 days, but where does this 30% come from?

Let's say I "invest" N100 into the scheme. The only possible way for me to get 30% interest on my principal is to have someone else pay me N130 since there is no interest bearing investment made by MMM.

Now person no. 2 comes in and "invests" only N20. If i then request help with only the two of us on the scheme, I would never be able to get my N130 because the total money in the system is only [color=#2ecc71]N120[/color] ; my N100 plus the N20 from the new participant.

Since no interest generating investment is made with this total sum of N120, the only way for this sum to go up, so as to pay me my initial principal plus interest, is to have more participants come in.

Now Person no. 3 and 4 come in and each "invest" N100. The total sum of money in the system is now [color=#2ecc71]N320[/color].

Out of this N320, I can then be paid my N130 and person no 2 can be paid N26.

N130 + N26 = N156. The system after paying the first two people now only has N320 - N156 = [color=#2ecc71]N164[/color], which is not enough to pay back the principle of the next two people that joined in (N200) plus their interest (N60).

To upset this, more members are required. So now, lets say 4 more people join in due the multiplicative nature of these schemes, each contributing N100. it means the total sum in the system is now N164 + N400 = N564. This is enough to pay the last two people, but for these current 4 people to realize any gains, they would need more members to foot their "bills"; N564 - N260 = [color=#2ecc71]N304[/color] < [color=#e74c3c]N520[/color] (amount due to the 4 new investors).

...and so the cycle continues on and on until new members stop trooping in.

as you can see, NO ACTUAL NEW MONEY IS BEING CREATED/GENERATED


As with any pyramid, the closer you are to the top, the more money you stand to make. What this simply means is that if you are one of the earlier participants in a long lived scheme, you stand to make money off the next set of vulnerable "investors" who came in late.


Do not get caught up in the system when it crashes, being a late comer and vested with huge amounts of money.

The people making money are the so called early comers. If the scheme crashed TODAY, majority of the early comers might not have lost that much if they had regularly cashed out with an unchanged principal. The short changed would be those that have been in it for 2-3 months prior to the crash.

PoliticsRe: Dolapo Osinbajo Harvests Yam In Her Aso Rock Backyard - Pictures by kYjelly2: 5:12pm On Nov 18, 2016
porshuch:
Meanwhile recession don dey make pple count fruits that are still on the tree.
Thanks men cheesy

Haven't laughed this hard in a long while... Chibuzor counting his mangoes, oh my days grin grin cry
CrimeRe: Would I Be In Trouble If I Had Killed Him??? by kYjelly2(op): 2:44pm On Nov 16, 2016
uwagimboo:
Thank God u did not cous Nigerian Police would still extort you and the guilt u killed two being or possibly bread winners..
I'm very grateful to God, for real, but I'm still perplexed undecided

Like whyhuh

Anyone that is familiar with Lekki epe would know what I'm talking about. You have bus stops close to every roundabout. Now if u want to make a u-turn from the bus stop, then its only right that you follow traffic all the way to the next roundabout and make ur u-turn correctly.

This guy just went from one of those bustops and rode one way, in the hopes (I guess) of not having to travel a far distance to make a u-turn.

It was so bad that we both screeched and the bike lost balance.

Why can't ppl value their lives.

Thank God again that I had not throttled too much, else, I surely would have cleared both of them, sigh!

And the guy was still cursing me. You are riding one way into oncoming traffic and you are still cursing somebody, chai angry
CrimeWould I Be In Trouble If I Had Killed Him??? by kYjelly2(op): 2:30pm On Nov 16, 2016
Was driving on lekki epe and at one of those roundabouts, as I was turning with the road, out of nowhere, one bike guy carrying a passenger just sped right into my car riding one way shocked

If was by the special grace of God that I did not kill both of them with my car.

I wound down my window and the guy started cursing me, like ur mama and all that stuff.

I am almost speechless till now, though it happened last night.

Why would u knowingly ride one wayhuh What is wrong with some people.

As a passenger, how can u take ur life for granted like that. Why would u be on a bike and allow him to ride one way on an expressway?

.......,..........


So my question is, if my brakes failed to stop the vehicle in time, would I still be at fault, for running down someone that was riding against traffichuh
PoliticsDid Buhari Disappoint Zombies By Unpegging Dollar Rate??? by kYjelly2(op): 4:38pm On Nov 01, 2016
Not too far back in distant memory, the president obstinately held a stance against the devaluation of the naira, even going as far as indirectly usurping the powers of the CBN governor. I say indirectly here, not implying the absence of a statutory separation of powers, but more so, showing a strong influence over the CBN office, often using the word "I" to buttress his stance.

Concurrently, you had Zombies, even more obstinate (as they are brain dead undecided ), urging the President on to keep the dollar pegged at N199, even when it was glaring to those with even the slightest of electrical brain activity, that such a spread between the official and parallel rates were unsustainable.

I just wonder how the zombies feel, now that the president stance has long since changed undecided
PoliticsDiesel Now N205??? by kYjelly2(op): 5:24pm On Oct 26, 2016
Called out Diesel supplier to supply and he said the price is now N205, but hasn't been reflected at petrol stations.

Could this be truehuh
CrimeRe: Man Who Stole Plantain In Abia Caught,Stripped Unclad & Paraded With It(Pics) by kYjelly2: 7:49pm On Oct 24, 2016
Just another day in the jungle, sorry zoo undecided

ordinary plantain and you strip a manhuh No be say d man rob you sef.

another collection for google to expose the shame of this zoo to the whole universe (yes, those in mars too), sigh undecided

PoliticsRe: Nigeria Is Going Through A Very Serious Economic Surgery- APC Governors by kYjelly2: 7:08pm On Oct 24, 2016
grin grin

Nigerian Economy is doing like this, like this, like this


https://techpoint.ng/wp-content/uploads/2016/06/hon-kazaure-economy-doing-like-this.gif




now Nigeria is pregnant undecided

walahi, whether u are a man or woman, u must feel this labour pain, walahi angry

https://media3.popsugar-assets.com/files/2015/05/12/740/n/1922398/5628419d_m2MkLP.xxxlarge.gif
PoliticsRe: Who Remembers This APC Campaign Poster About Dollar Rate? by kYjelly2(op): 4:07pm On Oct 22, 2016
EdCure:
Value and/or cost increases with scarcity.
Agreed, Buhari need to sit up and do better, economy-wise. But who emptied the treasury of hard currency for campaign funding?
chai!!!
PoliticsWho Remembers This APC Campaign Poster About Dollar Rate? by kYjelly2(op): 9:11am On Oct 22, 2016
Yet, Dollar went up by more than 100% with them in Charge, smh undecided

PoliticsRe: Gowon Apologises To Niger Delta Communities, Says ‘we’ve Made Mistakes’ by kYjelly2: 1:57pm On Oct 21, 2016
kropotkin2:
Nation states don't just disintegrate peacefully. There is always bad blood after a breakup. Also there has never been a peaceful breakup of any nation state in Africa
I guess time would heal that bad blood long after independence is gotten.
PoliticsRe: Gowon Apologises To Niger Delta Communities, Says ‘we’ve Made Mistakes’ by kYjelly2: 11:28am On Oct 21, 2016
These old men and their old ways of thinking.

Brings to mind this NYSC scheme that is still on till now (2016) and how much of a failure it is.

Adding a wasteful year to the life of a graduate, just so he can learn to "love his brother", is just ridiculous.

That money can go into building research facilities in higher institutions that will facilitate problem solving for the different sectors of this country. The time of the graduates could go into getting a career head start, not farming or teaching.

The old ways of Nigeria just need to be washed away.

Like environmental sanitation were for 3 hours on a Saturday, you can't leave your house, even under a democracy.

The old really needs to be washed away.

I have lived in developed countries for years and not once have I been forced to stay home for 3 hours just so that I can clean.


The sad thing is that the old ways are quickly affecting the thought processes of the new, the youths. For instance, if you ask some youths if they see anything wrong with the NYSC scheme or Enviromental Sanitation lockdown, they'd most likely tell you they don't see anything wrong with these issues. That, as a matter of fact, we need them undecided

Now you guys have gone to elect another old head in Buhari, a man whose only past achievement was shooting his way into the Presidential office. They screamed, begged even, for that kind of leader, sigh sad


anyways, I'm rambling, just don't know how to change mindsets in this country undecided
PoliticsRe: Gowon Apologises To Niger Delta Communities, Says ‘we’ve Made Mistakes’ by kYjelly2: 11:07am On Oct 21, 2016
I would love it if this country could be split up peacefully.

I don't know what really would be wrong with thathuh

Why can't we just have a referendum and decide for ourselveshuh


Dunno, i just believe we will all prosper if the majority ethnic groups were on their own.

We don't have to be enemies just cause we are separated. We could all still have good international relations.
Car TalkRe: Speed Limiting Device Vendors Can Create 2m Jobs — Vendors by kYjelly2: 10:14am On Oct 21, 2016
When we were younger, armed robbers actually chased after my mums car and by Gods grace, the driver was able to speed away very quickly.

So if they had speed limiters installed, what would have happenedhuh

These Nigerian officials are looking for nothing else but extortion! So much for the war against corruption.

So they stop you and start asking for:

-license
-Registration
-insurance
-road worthiness

(all fine by me, but wait, there more)

-C caution
-Fire Extinguisher
-and now, speed limiter undecided


who are we really kidding herehuh


Isn't it better like it's done in the U.S, were police have speed guns and actually enforce speed limitshuh

I guess the Nigerian police or road safety force are too damn lazy to approach enforcement with any kind of zeal, beyond setting up shady roadblocks.

ediotss!!!!!!


I will never get any kind of speed limiter as that will do more harm than good in my opinion.

I bet that within the next 5 years, some other policy will come up requiring new license plates and drivers licenses.

Confused ediots angry
Technology MarketRe: -- by kYjelly2:
silverng:
What's the price? Does it come with a Kinect?
nope, no kinect
PoliticsRe: Buhari And Osinbajo Taking Breakfast Tea With N35 Milo (pics) by kYjelly2: 10:12pm On Oct 17, 2016
Nigerians are just ediots angry angry

first it was nepa bill

now milo huh


daft, daft, daft, daft


[size=18pt]DAFT[/size]

u citizens of this shiiiiithole make me sick

ediots.

now dollar is almost 500, yet u guys were cheering for ordinary milo huh


What is wrong with the people in this countryhuh
Car TalkRe: Police Wahala : Is It A Crime To Pull Over On The Shoulder Of The Road??? by kYjelly2(op): 2:39am On Oct 17, 2016
Kjnwancaro:
Op more horsepower to your engine.

I have been faced with this kind of situation or something similar. A girl came to check on me in sango where I lived in 2013. It was around 9:30m she was about leaving so I decided to drop her at ijokodo to make it easy for her to get a cab to apete. Just after the tafo arena we decide to wait there for a cab we both came down from the car and I was standing in front of her facing my car when all of a sudden just like the Nollywood movies I watched while growing up when police men jump down from their hilux to arrest a criminal came to play in real life. I was shocked and surprised and confused.if i remember vividly It all happened within seconds no interrogation no nothing they just cuffed my arm to hers and threw us at the back of their vehicle.

Still confused what the Bleep was going on I tried to pull out my ID thinking it could be a case of wrong target, the girl tried asking what we have done and even pleading with them that she has two kids at home waiting for her she got a big slap for speaking.

When they spoke, they said 'Na una be the robbers wey we get info say wan come rob for this area abi'
Like really?!? What the Bleep is wrong with these morons how can you say that? No weapons no nothing on us yet you call us robbers. Please bear in mind that was my first police brutality I did not know it was pretty Normal for them to call people robbers.

So fast forward we driving to the station the girl was weeping it all fell on blind eyes. Now we got to Iyaganku they did not not take us to the front desk but took us round the corner into one of the offices only then I realized these people were SARS and I started my own Lord's Prayer.

They ask us to write statement, ABOUT WHAT? From 'robbers' to now 'yahoo' one of them collected my phone and said 'all these small small boys wey de do yahoo' I'm actually only 5'7 with a slender body. Searched every nook and cranny on my phone, he went on for like 30 mins only then he realized he had just wasted his precious time.
It's around 11 pm now and we are still in 'detention' no evidence, no nothing against us then they said we should call someone to bail us ... like seriously? Lol

After so much effort to get someone bail us at that time of the day, we couldn't get anyone show up most phones were switched off. At last they left us when it was almost 12 in the midnight to the hands of hooligans in the streets.

In 2016, I recently outsmarted a whole full hilux of police it made me feel like a don grin
just imagine that shhh, armed robberhuh

they just like throwing that tag around me!!, God save us embarassed


I have come to the conclusion to never stop in any lonely area in Lag at night, NEVER!!!

if na flat tyre, we ride

overheating car, we ride

even if engine catch fire, bros, we stay riding angry
Car TalkRe: Police Wahala : Is It A Crime To Pull Over On The Shoulder Of The Road??? by kYjelly2(op): 2:32am On Oct 17, 2016
nurey:
They said he who has no sin, should be the first to cast the stone. I am not a police man, neither am I a man at arms or whatever the term is.

The op decided to pull our legs, so me too decided to pull his legs.

He must have hit 200km/h in a murano. To only the Lord is your witness.

He was praying don't shoot, don't shoot which religious prayer be that I thought it should be Jesu jesu. Well the tongue knows best

The girl got down the police stormed to your front she enter inside again before the police stopped you haba Bros, she must be faster than Tanzamanian devil,and you must be the FLASH.

A yoruba adage says "omo ire Kan koki n pe nita" please minimize your night crawling and get married, you can meet the Emir of Katsina if you like them young.
guy u are quite funny.

it all happened so quickly dude, no lie!

my guess is that, as she was out trying to hail a cab, she must have spotted the guys pulling over and quickly came back into my car.

Truth be told, i would have left with or without her, lol grin

and the 200km/hr, i said "i must have", meaning, i wasn't sure. What i was sure off though, is that i was going ridiculously fast and I'm a speedster, so that should tell you something.
Car TalkRe: Police Wahala : Is It A Crime To Pull Over On The Shoulder Of The Road??? by kYjelly2(op): 11:49am On Oct 14, 2016
izzou:
Despite the fact that I don't think you broke any law, I also think it was wise that you ran away

Times are actually dangerous
Its possible they may not be policemen.
If it was those new "112" cars, honestly, i think i would just have spoken to them. Let them search or whatever they wanted to do or even tip them.

...but these guys showed up in some strange car, no siren installed, no lights, nothing, bodywork damaged... Guess that's their version of undercover, but at that point, the panic had already set in men!! 4 guys with guns jumping out of some unmarked vehicle, mba undecided
Car TalkRe: Police Wahala : Is It A Crime To Pull Over On The Shoulder Of The Road??? by kYjelly2(op): 11:34am On Oct 14, 2016
finalboss1:
and which v6 iz dat plshuh
It's a Nissan Murano.

I am grateful i just changed the oil, filter and tyre. So I was good to go.

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