Pyramid – Ponzi – Stokvel

If a government goes down the average citizens that graze at the bottom will pay the price with taxes, salary cuts or job loses. The guys on top are already out reinvesting their money elsewhere. This is also the reason why the number of billionaires has doubled since the last economic crash.   If banks fail, same thing happens. The bankers get bailed out from yet another ponzi schemer — the government. The same participants, the citizens, pay. As for legibility? A bank offers nothing but credit. No real value, nada. A government produces absolutely nothing, yet they are all financed by the labour of the citizens, the only ones providing real value.

Image result for SAA part of pyramid schemes


A possibility for all the SOE’s in South Africa?

*** ***

An Opinion Piece by Daniel Sutherland in 2016

Image result for soe ponzi schemes south africa

You might have noticed that I always put a Z before the ANC. That Z stands for Zuma ANC.

I only started commenting on social sites when I became aware of the criminal cartel that JZ783 [Jacob Zuma – 783 criminal charges] is running.

ZANC is basically an organized crime group, make that cult, with an omerta code.

Its a pyramid scheme, one that is running the country right into the ground.

I can not keep quiet. I will not.

It works basically like your normal ponzi scheme.

The higher you climb the steps of the pyramid, the more you benefit. The more the gravy gets.

If you climb the pyramid high enough, you can start to appoint family members to city council administrations for instance, you can ask for the 10% or higher commission on tenders awarded, you can start steering tenders the way of shelf companies registered in the name of your wife or boyfriend. Ask Gwede.

It takes a while before you can start extracting rent.

JZ783 is the master rent seeker.The top of the pyramid.

He is blunt in the way he is doing it. Very simple. He made the Guptas his partners, appointed his son Duduzane as a Gupta shareholder, and outsourced the appointing of ministers to the Guptas.

The ministers can benefit because they can enjoy the spoils of ministerial office, as long as they do the bidding of the Gupta- Zuma partnership.
The Guptas, with the full knowledge of the ministers in charge, have taken over the boards of Transnet, Eskom and Denel. Once they were in charge of the boards of the SOE’s, the tenders to the Zupta entities started flowing.

As exposed by the amaBhungane Centre for Investigative journalism, they also asked protection money from entities that wanted to do business with the SOE’S they controlled. Its like what the Mafia also did. You can not do business with an SOE before you paid off the Guptas, who now owned the SOE’s.

Case in point is the R100 million bribe that Neotel had to pay a Gupta linked shelf company called Homix in order to get a contract from Transnet. Brian Molefe was the CEO of Transnet at that time, and Anoj Singh the CFO. Both are now at Eskom.

All these bribes and protection money eventually gets laundered out of the country.

Trillian is another Gupta money laundering vehicle doing so called business with SOE’s.

All this criminal activity is right under the noses of everyone. Its so rotten that if the Scorpions still existed, it would have never happened. Why do you think that JZ783’s first act was the disbandment of the Scorpions?

The outfit run by Lying Benny Ntlemeza is a Zupta protecting agency..

The NPA run by “the Sheep” is the Zuptas’s protectors.

The new ZP, spy Mkhwebane, is a Zupta Protector.

Its gangster’s paradise. Its a gold rush.

But pyramid schemes normally collapse

https://southafricatoday.net/south-africa-news/zanc-pyramid-scheme/

** ** **

Image result for SAA part of pyramid schemes

“stockvel” “ponzi” “pyramid”  SCHEMES

A Ponzi scheme:

  • The promoter promises high returns, which cannot be achieved through conventional investment opportunities, within a short period of time.
  • In some cases, the promoter will use fake qualifications or references to entice investors, for example, an “attorney” with “many years experience in the stock market”.
  • Often high returns are paid initially, and investors are lured into investing even more money.
  • They often promise guaranteed returns, whereas no return in reputable financial circles is ever guaranteed – because all investments carry some risk.
  • Promoters are usually quite secretive about the business model.
  • The promoter becomes unavailable, returns dry up and the scheme collapses soon thereafter.

 

A pyramid scheme:

  • A pyramid scheme is a Ponzi scheme in which the promoter turns you into a recruiter. The promoter promises high returns over a short period of time, and your returns do increase – depending on the number of people that you recruit to the scheme.
  • A “fee” or initial investment is required to participate in the scheme.
  • Participants are asked to recruit more investors, and then rewarded for bringing them into the scheme.
  • The scheme has multiple levels of members, all collecting commission on a single transaction.
  • There is no underpinning financial investment that generates growth.
  • Participants are sometimes taught how to circumvent detection methods.
  • They are often disguised as stokvels, and may even use virtual currencies such as Bitcoin to sidestep the formal banking sector, where they risk being found out.

 

 

How to avoid falling victim to “get rich quick” schemes:

  • If it sounds too good to be true, it’s most likely a scam.
  • Be sceptical of any investment’s insistence that you act “NOW”.
  • Be careful of investments that guarantee you high profits with little or no financial risk.
  • Exercise due diligence in selecting investments and the people with whom you invest – DO YOUR HOMEWORK BEFORE INVESTING YOUR MONEY.
  • Consult an unbiased third party, such as an unconnected broker or licensed financial adviser, before investing.

Signs to look out for that it is a “Get Rich Quick scam”:

  • It claims to pay out double-digit returns.
  • It claims to be an opportunity of a lifetime.
  • You can’t understand how it generates money.
  • It is not a registered product or a product offered by an authorised financial services provider.
  • Returns or profits earned are dependent on recruiting more members to the scheme.

 

Awareness tips on how not to fall victim to “Get Rich Quick scams”:

  • If it sounds too good to be true, it’s most likely a scam.
  • Be sceptical of any investment’s insistence that you act “NOW”.
  • Be careful of investments that guarantee you high profits with little or no financial risk.
  • Exercise due diligence in selecting investments and the people with whom you invest- DO YOUR HOMEWORK BEFORE INVESTING YOUR MONEY.
  • Consult an unbiased third party- like an unconnected broker or licensed financial advisor before investing.

Tips to spot a Ponzi scheme:

  • The promoter promises high returns, which could not be achieved through normal conventional investment opportunities, within a short period.
  • In some cases the promoter will use fake qualifications or references to entice investors for example, an ‘attorney’ with ‘many years’ experience in the stock market’.
  • Often high returns are paid initially and then investors are lured into investing even more money.
  • They often promise guaranteed returns –no return is ever guaranteed, all investments carry some risk.
  • Promoters are usually quite secretive about the actual business model.
  • The promoter becomes unavailable and returns dry up.
  • Usually the scheme collapses soon thereafter.

https://www.huffingtonpost.co.za/2018/03/09/were-still-falling-for-ponzi-and-pyramid-schemes_a_23381530/

** ** **

Eskom – Ponzi scheme

Advertisements

2 gedagtes oor “Pyramid – Ponzi – Stokvel”

Lewer kommentaar

Verskaf jou besonderhede hieronder of klik op 'n logo om in te teken:

WordPress.com Logo

Jy lewer kommentaar met jou rekening by WordPress.com. Log Out /  Verander )

Google+ photo

Jy lewer kommentaar met jou rekening by Google+. Log Out /  Verander )

Twitter picture

Jy lewer kommentaar met jou rekening by Twitter. Log Out /  Verander )

Facebook photo

Jy lewer kommentaar met jou rekening by Facebook. Log Out /  Verander )

Connecting to %s