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Nairaland Forum / Nairaland / General / Investment / 10 Questions For MMM Subscribers (Mavrodians) (51473 Views)
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Re: 10 Questions For MMM Subscribers (Mavrodians) by Ranchhoddas: 5:18am On Dec 24, 2016 |
prophetfire:What a fool! Do websites make money without ads? Are there ads on the MMM website? Which organization in their right mind would want to advertize on a Ponzi website? |
Re: 10 Questions For MMM Subscribers (Mavrodians) by palsenator(m): 5:21am On Dec 24, 2016 |
rottennaija:I have stopped talking about mmm because of the level of obsession I have seen among Nigerians. What's the ideology about mmm? The finally ideology is that It will crash one day or reset all mavros to zero. Be creative and learn to do something worthwhile. Mavrodi is wanted in Russia because of his criminal record. This is a man working on your greed ( don't tell me you have not listen or watch his video interview) . No matter what we say, your kind will not listen . |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Felixalex(m): 6:03am On Dec 24, 2016 |
JonSnow: and you that is civil calls people you have no business with bastards?? they didn't steal from you or scammed u to get the money they invested , so why this much hate? Nigerians!!! |
Re: 10 Questions For MMM Subscribers (Mavrodians) by pressplay411(m): 6:05am On Dec 24, 2016 |
maclatunji:her case is different.lol |
Re: 10 Questions For MMM Subscribers (Mavrodians) by awoluyi(m): 6:08am On Dec 24, 2016 |
I keep wondering how people do not know that MMM and UMANA E UMANA (the wonder bank that operated in Port Harcourt few years ago) are the same. With cash flow problems Nigerian banks are facing presently, I "prophesy" in the power of common sense that MMM will not return to operation in Jaunary 2017 as promised. So all MMM investors should should contact their spiritual consultants on 31/12/16 for special prayers that will keep them going in 2017. One of the prayer points should be: God remove from me spirit of greed and demonic influences that will cause me to invest in 2017 my incomes in companies I do not know much about their activities." O ya Adura! 1 Like |
Re: 10 Questions For MMM Subscribers (Mavrodians) by rottennaija(m): 6:56am On Dec 24, 2016 |
palsenator: Then you can rest... Its our money, our community. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by darqly(m): 6:59am On Dec 24, 2016 |
When you ask Mavdroids where the 30% comes from, you hear 'U don't understand the system'. Ok, Mavdroids, explain the system, you hear 'Go to the website'. I work in finance, ANYBODY that invested in MMM has fraudulent tendencies, QED. Taking money for doing nothing is an aberration far as value creation is concerned. I haven't heard any Mavdroid testify that MMM money helped setup a business, no! Instead, you bought a car, or married or travelled or just spent it lavishly. And this is the real tragedy in making money you haven't earned. I'm not sorry for anyone who lost money or got divorced or got physically assaulted or sacked for MMM returns- It was well and truly deserved Nigerians lost money now, they will still lose money next time cos we think we are sharp. Long live MMM jor, it's not easy to be a fool these days. 3 Likes |
Re: 10 Questions For MMM Subscribers (Mavrodians) by rio8484(m): 7:01am On Dec 24, 2016 |
Lilimax:Jezuz,see stupidity. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by WizAyedara: 7:05am On Dec 24, 2016 |
/ghwregistration |
Re: 10 Questions For MMM Subscribers (Mavrodians) by DanielGb(m): 7:16am On Dec 24, 2016 |
maclatunji: The system make them act like that. People make money from Casinos by pumping funds into it. As far as the intention is to give a return or maximize money. Then its a short time investment. you put in, and pull out. at least its more stable than shares in most cases. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Adeolakk(m): 7:43am On Dec 24, 2016 |
maclatunji:Thank you for this post. Humans will always find ways to justify their actions. Smarter members just play on others intelligence and then greed makes them continue. "A scheme to reward nigerians" my foot. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Adeolakk(m): 7:48am On Dec 24, 2016 |
darqly:True talk. I was standing beside a woman once. She received a call that someone died because of this MMM. Well, he invested 2M into it and died two days after the announcement of freezing. What people fail to realize is; MMM won't work without you putting money into the system and you are equally RESPONSIBLE for whatever happens to anyone because of this fraudulent system because you kept the system going. But No, our nigerian brothers and sister won't think about this. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by mmark12(m): 8:02am On Dec 24, 2016 |
NIGERIANS, NIGERIANS SOME OF UNA DON CRAZE I have a great article below written by "Abimbola Adelakun of the Punch Newspapers" and it truly analyzes the mind of MMM useful idiots and fanatic defenders you cannot see beyond their useless nose that MMM is fraud and that the scheme is like a LOCUST INVASION; at feasting fully on Nigeria's gullibility and greed; it would close shop and move to another territory. THE TRUTH IS THAT THE SCHEME WILL NOT OPEN IN JANUARY, SO STOP THE SELF DECEPTION. IT IS GONE FOR GOOD BEFORE MMM, NIGERIANS WERE ALREADY GREEDY AND VULNERABLE Over and over again, we have been admonished not to make fun of poor folks who were dupes of the now faltering Ponzi scheme, MMM. We have been enjoined to be emphatic, to spare those who have their money trapped in the scheme our sharpened tongues and the smug I-told-you-sos. We have been rightly reminded that Nigeria is currently experiencing recession pangs; the times are so hard it feels like the Sani Abacha years. Nigeria is in a poor shape, people are desperate and therefore vulnerable and in such a situation, they say, it is only fair to pity fellow Nigerians who invested their lifeblood in the MMM. There is an element of truth in these but they are not entirely correct. The recession definitely has to do with the almost hysteric manner people have embraced Ponzi schemes but does not fully explain why there are at least eight of them going on in Nigeria right now and they all have patrons who passionately proselytize for each. Around 2007/08, people also fell victim to Wonder Banks and lost tons of money. What is primarily responsible for people’s involvement in pyramid schemes is greed, simple. Greed is a universal human failing; societies evolved laws to regulate greed and prevent us from having each other for lunch on the same day. One cannot, however, talk about the popularity of Ponzi schemes without also acknowledging how our society’s belief system has encouraged magical thinking about money and the ways it can be multiplied. From urban legends recycled in Nollywood that promote ideas about money rituals, to politicians who flaunt wealth before the public even when there is scant evidence of their productivity, to the prosperity gospel regularly preached in churches, people are so vulnerable that they can be played for suckers. I once attended a church service with a friend a while ago where the pastor asked us to “sow seeds into the kingdom” and he would prophesy that God would make us “billionaires”. We were at least 5,000 people in the church, how was it possible for all of us to be billionaires? The United States has the highest population of billionaires in the world and they have only 540 of them. How can God raise so many billionaires from a single church and in a country where we do not even produce pencils? Yet, all around me people enthused shouts of “Amen! I receive it!” Our culture has promoted a mentality that individuals can make huge sums of money irrespective of the political and economic conditions of their country. People have been made to believe that they can extricate themselves from the destiny of their country because, well, their case is different. This sort of weightless individualism being promoted does not find a support structure in our society’s organizing philosophy and therefore opens people up to dubious schemes. When people have been taught that money can come as a miracle, do not be surprised when they believe virtually anything that turns them to pliable tools in the hands of swindlers. Online, people see a picture of dollars, luxury cars, or some other markers of prosperity on a parody account of a popular preacher. To the image is appended a prayer that those “blessings” can be theirs and their eyes water at the possibility. Then, they are instructed thus, “If you believe, type Amen” and thousands proceed to do so; poor dupes who are sincerely convinced that there is some magic to merely typing “Amen” to a prayer that offers them what they never worked for. Our value system has plunged to the point there is an acute disconnect between dignity of labor, hard work, honesty, ethics, and what we now call success; no surprise that young people fall for Ponzi schemes. My friend, a professor in a university, told me how astounded he was to find that his students were also involved in the MMM. They in fact, tried to recruit him. Our joint observation was that the MMM and other Ponzi schemes would do to the educated class what “Okada” did to the culture of apprenticeship in Nigeria – it provided a means of earning quick bucks for poor and struggling youths at the expense of building skill set. Young people who thought spending two or three years learning a trade was tedious and paid less were seduced into the futureless career of riding motorcycles for a living. Today, Nigeria’s building contractors have had to travel as far as Benin Republic to find capable artisan workers. In some years’ time, classrooms in our tertiary institutions would have abdicated their hallow and noble responsibility to nurture the nation’s intellectual class and turned to recruiting centers for Ponzi schemes. Why not? You have lawmakers and Pentecostal pastors who use the social media to unabashedly flaunt their sports cars which they drive on cratered Nigerian roads without being hit by a sense of irony. Their audience take note and conclude that certain kinds of superlative possibilities exist; they only need to find their share. Yes, I understand the vulnerability of unlettered people who fall into the hands of fraudsters who, for instance, ask for their ATM PINs. What I do not understand is how people who can use the Internet to educate themselves can believe that a scheme that turns over at the rate of 30 per cent monthly is legitimate. On the MMM website, you are asked to type an amount into “Happiness calculator” which links to a webpage where you see a chart of your money as it multiplies. If you type in N5,000, “Happiness calculator” shows it can go up as much as N100,000 plus in 12 months. If you are the greedy type, you will add a couple of more zeroes to your N5,000 and begin to salivate when “Happiness calculator” multiplies it beyond your expectation. If you are the Obierika character in Chinua Achebe’s Things Fall Apart, the kind of person who thinks about things, you would question that kind of an unregulated enterprise that promises so much in such a short time. In truth, we can blame the state of our country and the very constricted chances people have to access routes of prosperity they are aware exist elsewhere. For instance, Pentecostal Christians call themselves “kingdom investors” and when they put their money in dubious projects like the MMM too, they carry over the same register of enterprise and declare themselves “investors.” Their choice of vocabulary suggests a longing to put their money in savings portfolios and build their financial future like is done in stable economies. But when there is a lack in the society, churches and other Ponzi schemes rise and fill the gap. They give people chances to be called “investors” and those poor folks expend all manner of irrational arguments to legitimize those schemes. One of the many things I found ironical about the MMM is the Marxist bent of their “ideology” pasted on their website. They argue that many people will work but will never amount to anything because the financial system of the world itself runs like a Ponzi scheme. On this note, they have a point but their truth is so overstretched it snaps like a rubber band. Modern banking systems, for instance, may run like a pyramid scheme but they are regulated, they do not offer outlandish profits, and they make legitimate business investments. They are not perfect but they are far more transparent than the MMM. For all the MMM’s raves and rants against the enslaving financial systems of this world and their destruction of people at the bottom to sustain the wealth of those at the top, it does not urge them to overthrow their oppressors. Instead, it merely offers them schemes that encourage them to join the party. 1 Like |
Re: 10 Questions For MMM Subscribers (Mavrodians) by uncleade(m): 8:03am On Dec 24, 2016 |
rottennaija:You are just a confused man. out of topic. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by onair: 8:09am On Dec 24, 2016 |
Tobium1:Dont mind the foolish bastards and the moronic idiots. You nailed it bro. It is now a cashless Christmas for the MMM critics now as the banks have technically crashed with dry ATMs and it will stretch beyond next week. Check the front page of the Punch of today for more details. 1 Like |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Nobody: 8:20am On Dec 24, 2016 |
an average nigerian is naturally very wicked & want to earn were he did not sow. get quick rich scheme is the reigning thing now in Nigeria. a boy disappears for 3 months & appear after & start building houses & changing girls & driving a car his father could not buy in 35years. no love for God & your neighbor anymore. anyone doing MMM & it likes are THIEVES & thieves can't make heaven. everywhere now, young boys are talking HAMMER HAMMER HAMMER without any productive ventures. for wealth to be made in Godly way, there is SERVICES AND PRODUCTIVITY. now what are you producing in MMM except robbing Peter to pay Paul. if all of us are doing get quick rich scheme, who does farming, electricity, etcetera. if nigerian youths are PRODUCTIVE, this country wouldn't have been bastardize with the kind of greedy, selfish & wicked leaders we have now since 1960 till date I generate my electricity from fueless/non battery source while lazy nigerians wants to get quick rich overnight. You are all wasting your life here on earth. nobody takes money to heaven so while all this sorrowful wealth. A country were 99% of her youth have "get quick rich " mentality can never be creative & productive. Keep worshipping money in that country ok 1 Like |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Nobody: 8:29am On Dec 24, 2016 |
I noticed mmm participants are aggressive and stubborn |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Achillesdam500(m): 8:37am On Dec 24, 2016 |
Some people are just naturally dumb,why don't you ask google the questions you posted here instead of causing more pandemonium among confused Nigerians,Nobody is forcing you to join MMM and just shut the hell up.. Moreover Mmm ideology is crystal clear with their warning "use spare money only" If you are Naive Must you post?? |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Achillesdam500(m): 8:40am On Dec 24, 2016 |
eee777: |
Re: 10 Questions For MMM Subscribers (Mavrodians) by goldman777: 8:46am On Dec 24, 2016 |
common sense is unfortunately not common in Nigeria that's why things are hard for Nigeria.Now mmm will make it worse because if it comes back next year they will definitely be shockers and suicides which naija when will learn from mistakes of others instead of falling victims other advance countries have forgotten. even d founder of mmm dare not mention it in his home country again after he scammed.but greed no go let naija man see road. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by EarlOfWarwick(m): 8:46am On Dec 24, 2016 |
Lilimax: Wake up already, please. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by lookingfly: 9:58am On Dec 24, 2016 |
Are you saying mmm is some how replacing our conventional banks?our banks are legitimate while mmm is not.about the awareness of ppl participating,they're just blinded by greed that's y they still invest in mmm so prepare ur mind that mmm is not gonna return and live ur life or keep waiting and die of hearth attack. asuustrike2009: |
Re: 10 Questions For MMM Subscribers (Mavrodians) by lookingfly: 10:03am On Dec 24, 2016 |
Just like bubu and apc supporters at the last election,but until there doubt is cleared like bubu and apc did to them they will stubbornly support the ponzi scheme bjhaid:Just like bubu and apc supporters at the last election,but until there doubt is cleared like bubu and apc did to them they will stubbornly support the ponzi scheme bjhaid: |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Nobody: 10:10am On Dec 24, 2016 |
lookingfly:First of all our people are not blind as they knew the risk before entering it except those that doesn't care to ask. Secondly I only use commercial bank as a figure of speech which isn't different from the osusu system practiced before conventional banks Thirdly that mmm wouldn't return is left for them to decide not based on your speculation. Don't be surprised that they will put people like you to shame by resuming next year. Our conventional banks can't even pay their customers now because of one useless policy being put in place by your president. 3 Likes 1 Share |
Re: 10 Questions For MMM Subscribers (Mavrodians) by BetaThings: 11:27am On Dec 24, 2016 |
DanielGb: I hope you realise that you are saying that MMM is better than you setting up a business Shares can be derived from ANY business If MMM promoters ask people to contribute money for them to set it up at the beginning, the people invited are already investing in shares If amnybody selling or producing goods ask you to contribute money to expand, you are already investing in shares The fact that people "invest" without seeking to properly understand the business does not mean investing is speculation BTW the two people may be holding shares in Nestle Plc while one might be investing, the other might be speculating Please pick up a finance text and try and understand the difference between investment, speculation and gambling |
Re: 10 Questions For MMM Subscribers (Mavrodians) by lookingfly: 11:30am On Dec 24, 2016 |
Ok,let's till 14th but in the interim,continue to swallow those pills of hope! asuustrike2009: |
Re: 10 Questions For MMM Subscribers (Mavrodians) by BetaThings: 11:31am On Dec 24, 2016 |
asuustrike2009: Nobody is praying for financial ruin for MMM guys but I read a post somewhere where an employer said many of his staff are into MMM If the scheme collapses, and it will, just model or simulate it, the staff becomes a threat to their employer No company can stop fraud if the accountant,m auditor and securitymen want to do it jointly asuustrike2009:Are you saying all your funds are now parked at home or in MMM? |
Re: 10 Questions For MMM Subscribers (Mavrodians) by prophetfire: 12:22pm On Dec 24, 2016 |
Ranchhoddas:olodo adver is one of the ways they make money but not the only way. the main source is visits and that is why bloggers put up false sensational topics in order to drive traffic to their sites. mr. stoneage man go and ask seun how they make money on nairaland. |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Nobody: 12:35pm On Dec 24, 2016 |
prophetfire: Nailed him |
Re: 10 Questions For MMM Subscribers (Mavrodians) by Ranchhoddas: 12:48pm On Dec 24, 2016 |
prophetfire:You mumu o. Who then pays for the visits? |
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