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Investment / Re: Here's Why We Should Stop MMM From Coming Back In January by REXREGIS: 9:58pm On Dec 20, 2016
grin grin grin grin grin, once upon upon a time, we heard that it has crashed, it is finished, people have lost millions, now the message has changed to 'why we must stop MMM from resuming in January' grin grin grin
Can we please discuss something else. grin grin

8 Likes 1 Share

Business / Re: BOI YES Programme, A Big Deceit, A Waste Of Precious Time By Adisa Edited By Kay by REXREGIS: 10:53am On Dec 20, 2016
What is the difference between BOI/ Federal govt. and the Ponzi scheme of MMM they brought down my all means through the power of social media. MMM is more transparent and clear about their conditions than the hypocritical APC/BOI and federal govt. I will never forgive BOI and federal govt for deceiving me into subscribing into this deceitful programme that wasted my time and resources. God will not forgive you people.
grin grin grin, at least people like me can agree that there are more meaningful issues to discuss, bigger scams and fraud that our youths need to confront instead of squandering precious productive cyber time Summersaulting over MMM. These are the kind of things we should expose and deal with on nairaland.


Investment / Re: MMM Nigeria This Is How MMM Zimbabwe Crashed. by REXREGIS: 8:19pm On Dec 18, 2016

Mr man. I don't argue without facts. That is a very big lie there. As i speak, nobody have recovered the frozen mavros in SA. Even though people are still putting money in the scheme. Zimbabwe is even worse.
You are simply repeating what some are saying. Paste your proof based on research and investigation, that's all I am asking.
By the way,those in support of MMM are defending their stance that it is working in these countries and they are showing proofs,where is yours ?
You say u don't argue without facts,that's ok,but prove to us that what u are telling us is the truth.This is important because it is obvious that so many people are getting tired of all these MMM stories all over the place.The whole thing is appearing over exaggerated. Some panic topics are outright lies and even those against MMM can sense it.The fight against MMM is fast losing credibility and may achieve the reverse which is more patronage for MMM when they resume(reverse psychology).
So my guy, don't just retort that someone is lying,prove it.

2 Likes 2 Shares

Investment / Re: MMM Nigeria This Is How MMM Zimbabwe Crashed. by REXREGIS: 4:28pm On Dec 18, 2016

You are a very big liar. You just sit down in Nigeria and twist facts. You are either on of those over greedy guiders or you have been brainwashed by one of them. Did I hear you say people did not loose money? Damn! Na una sabi. smiley
Don't just call someone "a big liar". If you have a verified and well researched contrary opinion, then state it and allow the public to investigate and find who is actually telling the truth.
I am not in support of or against MMM, I am actually indifferent, but I am starting to suspect those against MMM are becoming very afraid that they may be proved wrong come January hence they trying so hard to wish away MMM reopening by any means necessary.

1 Like

Investment / Re: We Put Our School Fees, Project Money In Mmm,varsity Students Lament(photo) by REXREGIS: 10:30am On Dec 18, 2016
This is fake.lautech has bn on strike fr the past seven months. So those fake lsutech student stories are all made up. Bad belle people plenty for mmm o. Ota po go , buh its allowed
Investment / Re: MMM , The Guarded Secret You Will Never Know by REXREGIS: 6:12pm On Dec 16, 2016

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!

wow ! finally, here is someone who understands that some of the institutions we so much trust and believe in are the real Ponzi's.I really wish we can all be as enlightened as you are about the concept of money and banking, then we will all see the light. I am impressed.

4 Likes 1 Share

Investment / Re: "Stop Investing In MMM" - CBN Warns Nigerians Again by REXREGIS: 1:53pm On Dec 15, 2016
I thought they said MMM has crashed. Why are they advising people to stop investing in MMM ? undecided If it has crashed, how are they doing the investing ? is it just me or is anyone else confused ?

I am beginning to think that those who are not involved in MMM are crying more than the affected.well, I think its high time I face my front and enjoy the holidays.
Investment / Re: Let Us All Boycott MMM To Send Them A Message!! by REXREGIS: 6:21pm On Dec 14, 2016
Don't too worry, your payment will be confirmed. Just give the receiver enough time...he/she also has 48hours to confirm payment. After 48hours CRO will intervene when the half filled Blue mark turns Yellow question mark.
I have a case like this right now.it's been over a week since I uploaded evidence of payment and the receiver is yet to confirm. I tried calling but each time I call another person picks and promise to relay the message to him. The Yellow question mark has been there for 5 days now.Every other receiver has confirmed except this particular guy.Unfortunately, his guider is not also picking his calls.

It will be really good for the system if truly the CRO intervenes after 48 hours but that has not been my experience. How else can I aggressively resolve this ?
Investment / Re: "This Will CHANGE YOUR LIFE" Take A Look. by REXREGIS: 4:24pm On Nov 20, 2016
Forum Games / Re: Fish Riddle: How Many Fish Left? (See Picture) by REXREGIS: 8:59pm On Jan 13, 2016
1) 0(zero) fish are in the tank.

Thank you.
Romance / Re: Enhance Your Sexual Performance With Samsu Oil For Men by REXREGIS: 10:06am On Dec 26, 2015
Can we reach you on WHATSAPP?
Education / Re: Uniport Graduates 41 First Class Out Of 18000 Graduating Students by REXREGIS: 5:03pm On Jun 11, 2015
41!!!!! Hmm. A lot has really changed. Back in the days u could have just 4 or 5 among the whole lot.
Well, we thank God.
Politics / Re: Ekiti State Assembly Commences Plot To Impeach Governor Fayose by REXREGIS: 7:48am On Apr 04, 2015
Why is that memo addressed to the deputy governor? Can someone please explain?
The spelling of ''allegation'' leaves so much to be desired grin.
Politics / Re: Drop Your Message of Commendation For President GEJ Here.. by REXREGIS: 9:45pm On Mar 31, 2015
Dear good luck, I didn't support u for re-election but I salute your gesture as a gallant statesman. U have done something that is rare in this part of the world and when the history of this great nation is recalled in future, you will be remembered not as an incumbent who lost (as this has happened to many leaders and u will not be the last) but as one who added another layer of strength to the foundation of our country's democracy by respecting the wish of the people hence making us all realize that our votes will always count going Forward . I salute u and wish you a long and peaceful life.


Celebrities / Re: Unbelievable Balancing Acts[photos] by REXREGIS: 3:43pm On Mar 24, 2015
Education / Re: Is It Okay For Female teacher To Dress Like This Go Class by REXREGIS: 11:15pm On Mar 08, 2015
I think she looks smart. There's nothing wrong with her dressing.
Religion / Re: Bishop David Oyedepo’s Prophecy About 2015 Elections by REXREGIS: 11:10pm On Mar 08, 2015
Celebrities / Re: Birthday: Pete Edochie Turns 68 Today by REXREGIS: 12:36pm On Mar 07, 2015
Happy birthday EBUBEDIKE.

1 Like

Politics / Re: Somebody Should Please Interpret Gej's Body Language In This (photo) by REXREGIS: 5:59pm On Mar 03, 2015
cool, calm and collected. I am not his fan though.


Politics / Re: Obasanjo Is An Embarrassment To The Military - Nigeria Defence HQ by REXREGIS: 5:29pm On Feb 16, 2015
Hmmm...I am not a fan of obasanjo, he has made mistakes and has a fair share of blame to deal with, but his sterling career in the military is one of distinction and will never be disputed . even the current service chiefs can only aspire to such a remarkable career.
something is wrong somewhere, I have never known the military to openly attack their own whether serving or retired.
The military should by all means stay out of politics and focus on their noble profession of defending our territorial integrity. Politics natural divides people along the lines of opinions, views and ideas. The military is not immune to such division if they dabble into politics . In time, this will lead to loss of control,insubordination, mutiny and implosion within the armed forces. The military needs supreme unity of purpose irrespective of the division orchestrated by politics.


Religion / Re: Is It Sinful To Deny Christ Under Threat Of Death? by REXREGIS: 10:42am On Feb 15, 2015
Let's forget about whether it's sinful or not. I can assure u that if u have a deep seated, revelation inspired, personal relationship with christ (I don't mean just going to church and saying u are a Christian) u will discover that it is just impossible to deny Him under any circumstances.


Business / Re: Dangote Lost Half Of His Fortune In The Last 6 Months? by REXREGIS: 1:45pm On Feb 12, 2015
hmmm....I hope it's not true. I don't hear much about aliko these days.

2 Likes 1 Share

Politics / Re: Prof. Osinbajo Blast Jonathan After Presidential Media Chat by REXREGIS: 11:25am On Feb 12, 2015
I am not a GEJ supporter but quite frankly I think the president's clarification on this issue is easy to understand. I listened to him and I buy his explanation. I suggest we put aside our political inclinations and proclivities for a moment and allow logic prevail.
I respect Prof. Osibanjo and I wish him and GMB God's will in the forthcoming elections but l'd like him to know that corruption is not limited to the conduct of those in power.
Romance / Re: Check Out This Pix Of Valentines Day Far Back 1965 by REXREGIS: 6:06pm On Feb 10, 2015
cheesy See enjoyment. When they are scolding you, they'll be acting like they didn't enjoy life during their time. embarassed
lol...mmm... methinks they are scolding be cos they've been there and understand the dangers and illusions involved.
Education / Re: Types Of Punishments You Received When You Were In Primary And Secondary School. by REXREGIS: 10:36pm On Feb 08, 2015
Sit on your head. tongue
Religion / Re: Seening A Prophet For A Wife Confirmation How True? by REXREGIS: 8:27pm On Feb 07, 2015
The same God over all is rich unto all who call on him. Simply pray by urself for his direction and believe he will lead u to make the right decision.
Celebrities / Re: Arrest Nollywood Stars With Fake British Accent - Ramsey Nouah by REXREGIS: 5:50pm On Aug 06, 2014

Romance / Re: Can True Love Exist In Poverty ? by REXREGIS: 8:15pm On Jul 22, 2014
umm....dunno. But i sure know that love is sweeter in plenty.

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