tammie24:
you are the one that's ignorant here


I didn't say it helps the economy, I said it's helping people with the economic situation in the country. The government should be happy this is happening now to be honest otherwise things would have been worse for people

tammie24:
One can't deny the fact that MMM has help a lot of people, I'm not a participant of MMM but from what I've seen around it seems to be the answer to the prayers of people especially with the current economic situation in the country. I've observed that most of the people that want mmm gone are people that are well to do that like people to remain below them and never become something in life. When you realise that the person who is always asking you for money stops, you start getting jealous and angry. I hope MMM comes back though but they need to do serious damage control!

komonibo:
mmm haters re u aware is not dsame day all mmmites provide help?It is still not dsame day dey get help?nd still not dsame day dey get matched?Ask urself dis questions nd continue wallowing in ur ignorance ND confusion...pple dat re not participating hav much 2 say about d scheme more Dan even doz dat re participating Nigerians I dey hail ena o...kip waiting 4 d downfall of ur brothers...1love mmmites

MrKang:

Oh my Lawd, people like you are so irritating.
I can't just believe people like you can be so optimistically DUMB. Chai

Well sha,y'all are still in the denial stage and very soon when Reality don slap una, una eye go clear

Leave him to his ignorance

Like you said... Denial stage (stage one)

vizkiz:


Leave him to his ignorance

Like you said... Denial stage (stage one)

cramjones:
As always, I would comment on contemporary issues that affect the Nigerian populace. All for love of Nigeria. Even though I believe that Nigeria as it stands is close to a failed state, we can all do more through visionary leadership to emancipate our country from the cesspit that has gutted it. That said, I have followed closely the MMM phenomenon since it came to my attention, and as it is normal of my analytical mind, I have taken time to study the trend, review historical facts, and all other data available to me. After this review I have therefore, come to the following conclusions on the fate of MMM.

1. For those that are hoping MMM would suddenly resurface in January because the Nigerian planter's wife said so in a note, are definitely setting themselves up for depression. Nothing of such would happen. This is the deal, MMM is not an investment it is a gamble. The money is only redistributed therefore the system would crash when two conditions occur - something that has already taken place - and these conditions are as follows:

-When new comers or "help providers" exceeds those who want to receive "help" it sets the stage for a crash

-When those withdrawing exceeds a critical amount needed to keep it rolling regardless of the number of people joining, then the system would crash.

I believe these two conditions have been met. Christmas time is a time no one wants to give money, rather they want to be helped, with the overwhelming withdrawals that far exceeded the "help providers" the system had to be shut down, because money does not grow on trees.

2. If MMM ever have a blinker to open, which I doubt very much in January as stated in their later, there would be a state of panic withdrawals, and there would be sharp decline of the new people that would have otherwise joined. This panic withdrawals, would lead the MMM handlers to shut it down completely and take with them whatever is left of the system.

3. The other reason MMM had to shut down early December is more likely than not to ensure maximum "cash outs" by the handlers. At this time there is an all time high of money in the system because people put in most of what they had to ensure they get good cash for the Christmas, this high would not happen any other time of the year, so this was the best time for the handlers to cash out big, and I believe they already did.

Finally, the MMM phenomenon further shows the failed system of Nigeria. This system only flourishes in this magnitude in failed countries. It thrived in Russia during the collapse of the Soviet Union, failed Zimbabwe, thrived in failed parts of South Africa, like Soweto. People have lost hope in any decent labor or lack of jobs thereof. Other are greedy and sometimes plain dumb.

Good luck to everyone "waiting" in trepidation to get help. I wish you luck.

God Bless the Federal Republic of Nigeria

-CramJones

MrKang:

Oh my Lawd, people like you are so irritating.
I can't just believe people like you can be so optimistically DUMB. Chai

Well sha,y'all are still in the denial stage and very soon when Reality don slap una, una eye go clear

bro we re 2 different pple wit entirely different tinx involved....i do what I 1nt 2 do ND nt wat u 1nt...nd ur quoting is highly not nidded ere...u re nt bin forced 2 b a member or persuaded 2 b 1...ND nxt tym don't quote me cos I don't think I will have d time 2 reply u...ND I don't think u have any quality dat wil match mine in a superior way in terms of anything

DeanAmbrose23:
Oh really?? Calling the mods to come lend credence to your stupidity? If you so love attention, why not try running naked into the market and see if you won't be front page news! Nonsense!

maslong:


E PAIN AM

tammie24:
One can't deny the fact that MMM has help a lot of people, I'm not a participant of MMM but from what I've seen around it seems to be the answer to the prayers of people especially with the current economic situation in the country. I've observed that most of the people that want mmm gone are people that are well to do that like people to remain below them and never become something in life. When you realise that the person who is always asking you for money stops, you start getting jealous and angry. I hope MMM comes back though but they need to do serious damage control!

cupidFlint:
We were warned to invest with our spare money which I personally did. am not even disturbed. if it comes back on in January, which I doubt it would, then good for us, if it doesn't so be it. The greatest blame should be on the present government cos if our economy had been buoyant these folks wouldn't have come in the first place.

FlyboyZee:

Don't feel like a superstar trying to sound off. NO POOR MAN, I repeat, NO POOR MAN participates in MMM. The only motive for participants is greed and the lure of quick money and not poverty please.

Poor people do not even have the money to eat, not to talk of putting it in a scheme and waiting 30 days for 30% return on investment. No way. A poor man would rather use the little money he can raise to buy/sell fast moving goods, so that he can raise a little money to at least feed him/herself everyday.

Do you also realize that it can be roughly put that N200,000 is the average amount invested per person in the scheme. Where poor man wan see that kind money. Think of all those women selling okra, tomatoes and pepper in the market, think of all those guys hawking their wares in wheelbarrows. Think of all those hawkers you see on the streets and try to convince yourself that they are 'Providing Help' and 'Getting Help' and then reread what you wrote up there that MMM has helped the poor. It is a scheme for the greedy, by the greedy and sustained by greed...

Atiku2019:



10years is too far bro, surely in the next three years another will emerge

MrEverest:
I doubt you really did research on MMM as you said op, your analysis is wrong. I hope you wont eat your words when they come out again in january.

Atiku2019:



10years is too far bro, surely in the next three years another will emerge

MrEverest:
I doubt you really did research on MMM as you said op, your analysis is wrong. I hope you wont eat your words when they come out again in january.

Atiku2019:



MMM created accounts that just receive without providing help. Thats where their founders and promoters made several Millions of Naira

gameboyo:

It does take 10 or close to 10years . Umana Umana's own was 1989,then came Speed link and it's affiliates in 1999,then we got the 'forex' ponzi scheme in 2009,before this.
It's always 10years

FlyboyZee:

Don't feel like a superstar trying to sound off. NO POOR MAN, I repeat, NO POOR MAN participates in MMM. The only motive for participants is greed and the lure of quick money and not poverty please.

Poor people do not even have the money to eat, not to talk of putting it in a scheme and waiting 30 days for 30% return on investment. No way. A poor man would rather use the little money he can raise to buy/sell fast moving goods, so that he can raise a little money to at least feed him/herself everyday.

Do you also realize that it can be roughly put that N200,000 is the average amount invested per person in the scheme. Where poor man wan see that kind money. Think of all those women selling okra, tomatoes and pepper in the market, think of all those guys hawking their wares in wheelbarrows. Think of all those hawkers you see on the streets and try to convince yourself that they are 'Providing Help' and 'Getting Help' and then reread what you wrote up there that MMM has helped the poor. It is a scheme for the greedy, by the greedy and sustained by greed...

cupidFlint:
We were warned to invest with our spare money which I personally did. am not even disturbed. if it comes back on in January, which I doubt it would, then good for us, if it doesn't so be it. The greatest blame should be on the present government cos if our economy had been buoyant these folks wouldn't have come in the first place.

zikter:
I need your analysis on mmm pls. may be I will register when and if it comes back. but for now, op has more credible and educative information, pending when you dish out your own here for comparative analysis.

komonibo:
mmm haters re u aware is not dsame day all mmmites provide help?It is still not dsame day dey get help?nd still not dsame day dey get matched?Ask urself dis questions nd continue wallowing in ur ignorance ND confusion...pple dat re not participating hav much 2 say about d scheme more Dan even doz dat re participating Nigerians I dey hail ena o...kip waiting 4 d downfall of ur brothers...1love mmmites

MrEverest:
1.Majority of the old members who have been making money from mmm from 2 months & above, still have faith in mmm & are still PHing. 2. By pausing GH, the admin continues to accumulate PH & the latter is likely to outstrip the former, on or before 14/01/17 which will balance the system. 3. The admin have already extending the period of maturity for GH from 14 days to 30 days which would drastically reduce the pressure of GH. 4. Recession is still biting hard & many Nigerians would rather take risk on mmm with hopes of getting good returns than remaining hopeless in hunger and penury. 5. The massive media & government attack, bad as it may seem on the face value, will even end up helping mmm when they bounce back.

Jesusloveyou:
how will those that provide help for those that get help with additional 30percent interest, get their own help even without additional 30percent interest, since mmm use Peter money to pay Paul.