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Author: VV Date: Aug 5, 2007 21:19
Let me tell you about the godfather of mind blindness...
Charles Ponzi, an Italian immigrant, was born in the late 19th century
and was credited with developing the first pyramid scheme in the
1920's, which has appropriately been dubbed "The Ponzi Scheme" He
would deliver the promise "Would you like to be rich? I can double
your money every ninety days, guaranteed" and was successful with
bilking people out of many millions of dollars For those that do not
know what a pyramid or Ponzi scheme is, here is the definition from
Investors World dot com:
"An illegal investment scheme in which investors are promised
impossibly high returns on their investments. These are scams in which
money from later investors is used to pay earlier investors. The
creators of the scheme get most of the profits while those who come
later are left with nothing because there are eventually an
insufficient number of new investors to pay the existing ones. These
scams inevitably collapse because they require exponential growth in
the number of participants at each step, which is impossible."
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Author: Mohammed McPigsbloodMohammed McPigsblood Date: Aug 5, 2007 23:43
On Aug 6, 12:19 am, V aol.com> wrote:
> Let me tell you about the godfather of mind blindness...
>
> Charles Ponzi, an Italian immigrant, was born in the late 19th century
> and was credited with developing the first pyramid scheme in the
> 1920's, which has appropriately been dubbed "The Ponzi Scheme" He
> would deliver the promise "Would you like to be rich? I can double
> your money every ninety days, guaranteed" and was successful with
> bilking people out of many millions of dollars For those that do not
> know what a pyramid or Ponzi scheme is, here is the definition from
> Investors World dot com:
>
> "An illegal investment scheme in which investors are promised
> impossibly high returns on their investments. These are scams in which
> money from later investors is used to pay earlier investors. The
> creators of the scheme get most of the profits while those who come
> later are left with nothing because there are eventually an
> insufficient number of new investors to pay the existing ones. These
> scams inevitably collapse because they require exponential growth in
> the number of participants at each step, which is impossible." ...
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Author: Mohammed McPigsbloodMohammed McPigsblood Date: Aug 5, 2007 23:44
On Aug 6, 12:19 am, V aol.com> wrote:
> Let me tell you about the godfather of mind blindness...
>
> Charles Ponzi, an Italian immigrant, was born in the late 19th century
> and was credited with developing the first pyramid scheme in the
> 1920's, which has appropriately been dubbed "The Ponzi Scheme" He
> would deliver the promise "Would you like to be rich? I can double
> your money every ninety days, guaranteed" and was successful with
> bilking people out of many millions of dollars For those that do not
> know what a pyramid or Ponzi scheme is, here is the definition from
> Investors World dot com:
>
> "An illegal investment scheme in which investors are promised
> impossibly high returns on their investments. These are scams in which
> money from later investors is used to pay earlier investors. The
> creators of the scheme get most of the profits while those who come
> later are left with nothing because there are eventually an
> insufficient number of new investors to pay the existing ones. These
> scams inevitably collapse because they require exponential growth in
> the number of participants at each step, which is impossible." ...
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Author: Michael GordgeMichael Gordge Date: Aug 6, 2007 03:10
On Aug 6, 1:19 pm, V aol.com> wrote:
> Agnostic Freethinker
Is an oxymoron, the agnostic's mind is imprisioned in cowardly
stupidity.
How stupid, how fucking dare a mystic in waiting (thats you U V)
consider itself someone who ought know the problems of mystics.
Michael Gordge
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