Forever Living,Ponzi Schemes, Banks, Interest

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I was invited to an event on marketing organised by Forever Living few months back. The guy started by explaining all the types of jobs that exist: white collar, blue collar, etc and proceeds to say all jobs suck. Wouldn’t we want the perfect job. A job where we wake up when we want, we work how much we want and blah blah.

They say you have no earning limits. It really sounded like a “perfect job”. The only catch here is that you need to pay around Rs 18,000 and you get a bunch of products for you to try and sell. Isn’t that a pyramid scheme? Your recruiter invested, when he hires, he gets his money back and so on?

Ofcourse, if the people really sell, money can infact come into the company by “normal” means of selling. If the selling activity is higher than the pyramid amount, the pyramid will not crash. It is a risk.

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British American Insurance (BAI) has been on the news a lot lately. Why are they being sued? I’m no accounting guy. Let’s say BAI makes a ponzi scheme. But invests the money collected into other businesses so as the revenues are higher than the pyramid amount. Everyone can get money back. It is a risk again.

Banks don’t keep your money idle. They invest in something. If it is profitable, then they return with interest. But they only invest in stuffs they are sure to win. Loans to people who have to pay back or they go bankrupt and live on the streets. But hey, remember Global Economic Crisis? Legal banks with legal methods caused it from my understanding. It crashed just like a ponzi scheme can.

The only thing legal is “interest”. The thing destroying the society.

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