It started among my friends in April, by July, it should mostly be over--for a while. My friend told me about a "financial opportunity. I only had to get two other women to invest too. This would be easy, because they could make so much money.
What happened? Why did that game stop? The "airplane game," "financial networking" "golden circle" "Friends Network," "pyramid games": they're all the same. They're also called "ponzi schemes," named phrase how do i get to my profile on jackpotcity matchless Charles Ponzi, a man who perfected the game in All ponzi schemes work the same way, regardless of the particular details of any one game: they pay off old investors with the money from new investors.
Paying off old investors gamr the money from new investors is miami club casino no deposit bonus codes july 2022 dishonest way to make money, because no money actually gets "made. Banks and other ccircle who sell money pay depositors a fee, called interest, which is much, much, less than the fee they charge other gamd who buy money take out loans. This difference between 2 and 10 percent is the profit the bank makes after it pays off your investment.
You are at the top of this "pyramid,"but the amount you take out of the bank is four times less than the amount that stays in and makes the bank directors rich.
Gambling casinos make money the same way, paying out much less to winners than they keep from losers. The other way to make money is to invest with a company that sells something: a service, information, or objects. If your investment is successful, then the company has found consumers for its things, and received more money than it must pay back circlw you.
New money comes from consumers who are willing to pay a marked-up price. As an investor you take a risk that the company will be able to pay you interest with its profits from the added value consumers create.
With a ponzi scheme, there is no earned interest or added value. The only profit comes from having an ever-increasing number of players. New money to how do you claim free spins on party poker off old investors comes from new investors.
No degree of wishful thinking will make money out of no money. If anyone tells you different, they are lying. New investors must be found, or the game collapses. Oh, but there will always be new women, I'm told. In fact, I'm told many things:. This game is different.
Women are responsible to those below them, they' re re-investing their money; they buy the slots of the women below them; they' re helping their friends take advantage of this great opportunity. This doesn't change the fact that new money comes from new investors. This practice will prolong the game, because there are more "slots" on the pyramids than women playing, but reality still how do you claim free spins on party poker. Unless the "winners" are reinvesting every dollar of what they "win," which they more info someone is going to eventually lose.
Because money is always being taken out of the game by winners, the winners can't help everybody. So who gets helped? The people who are liked, the people who have friends.
Who gets left out? The very people who get screwed in most social groups: the misfits, the difficult people, the people with few friends. And this is supposed to help our diverse community? If women work hard at getting more investors, they will get their money; if women don' t work hard, then they deserve to lose what they invested.
This cicle familar, like those other cjrcle that put women into a situation where they might fail, and certainly many women will fail, and when women do fail, they are told it is their fault. The tool is only more insidious when it's wielded by women money circle game trust. These are women we know. They have gotten their money. Circel re helping other women get theirs. The trust part, I hate that. Pyramids are a con game and that means con fidence.
Ponzi schemes thrive in homogeneous communities of people who trust and care about each other. In fact, the tighter the community, the better it works, and therefore the more damage it does when it collapses. I've seen specialized ponzis first-hand as a lesbian and a woman. I've read articles about how they run through the African-American communities, and I'm sure every group has its own con artists.
Ponzi schemes wouldn't work if people didn't trust each other. If women don' t play the game how do you claim free spins on party poker, then it' mlney their fault, they just didn' t luck out like we did.
The odds of winning get worse and worse the longer money circle game game is played. Some here think this recent pyramid is just a form of gambling, but no. It's a game for suckers and crooks. Encouraging your friends to gamble in a game where their odds of winning their money is worse than yours were, because you got in the game first, should make you feel uncomfortable.
Oh, but that must be why winners "help" those on the pyramid below them. Well, I signed something when I put in my money, saying it was a gift, and I didn' t expect anything back in return. This is a new twist, to protect the people already in the game from criminal prosecution and civil lawsuits. Early ponzis had one person at the top who raked in the cash.
These "new age"pyramids turn our friends how do you claim free spins on party poker criminals who must be protected by lies on paper. If this game is so good for communication in our community, why must we lie to our friends immediately upon entering the game? If you want to deal with "money stuff,"try buying money circle game house with your friends. Or loan someone a large sum real money apps pay instantly you that money.
Or borrow a large money circle game. Co-sign a loan. Start a business with a friend. These are real opportunities to learn what patriarchy taught you about money, and discover how you can do it differently. Scamming your friends is diminishing, not revolutionary. If the ethical reasons don't appeal to you, let's do the math. In these examples, I'm using the pyramid that was pitched to me.
The dollars needed to invest, and the levels between payoff vary from game to game. But the examples can be extrapolated to your favorite version. Me and my seven buddies are at Level 4. At this point, the lucky woman at the top of the pyramid gets gmae money, the pyramid splits into two new pyramids, moneg I move up one level:.
When french roulette is what people are found to play, the two lucky women at the "B" level get their money, the pyramid splits again into four pyramids, and I move up another level. Fourteen more players need to be recruited in my branch of the pyramid before I get paid.
But each woman who began the game with me needs 14 players to "win" her money. Finding these 14 people gets tougher as the pyramids citcle. If you joined at Level 4, there are eight of us looking for, on an average, 2 more players each. At the next level, 16 players are looking for 2 recruits.
At the next round of winners, if the recent 32 players are looking for 64 new players, and if they collect all 64 players for Level 7, those 64 are looking for more players, in a town where people are already involved.
Here's how it grows:. Players in the game Level Players needed to pay off. The first miami club casino no deposit bonus codes july 2022 happens at level 4. In the particular pyramid that I am describing, the go to article each player is waiting for is concentrated in the hands of the person three levels up the pyramid from each player.
As you enter the game, people at your level must recruit two poker video or jacks better as many players as themselves, who must in their turn recruit two times as many players gamw themselves, who must recruit two times as many players again before you and all the other players of your level get paid off. What happens if one of the various branches of the pyramid dies out?
The people in the last three monfy lose their money. Suppose icrcle players needed at Level 10 fail to recruit more. Level 11 fails to complete. Therefore levels 8, people Level 9 more people and Level 10 people still more lose all their money. And this is assuming that all the Levels before Level 11 survived, and no one had lost money yet. And eventually, the game will fail. Theoretically, there won't be anyone left to put in money at the bottom of the pyramid. There aren't enough women in the world.
But that won' t happen until the game has gone through our town and is in some other place. Yes, theoretically. Pyramids fail long before the theoretical limit is reached precisely for the same reason that they live as long as they do: trust. After a while, no town's or group's collective address book is big enough to dupe or thousand moeny people to play their round of the game.