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Out thin air & trust in the future, that's how. No different than how Paulson of the US Treasury gave 125 Billion dollars to all the banks, after he realized that letting Lehman Brothers go to the pits was a BIG mistake for the world markets and the US economy. Even the 700 Billion that the US Congress convened on purchasing all the distressed assets, especially mortgage-backed securities, was created without absolutely no real money and mostly on "quantitative easing", which ultimately is the American tax payer who pays in the form of inflation, right??? How many of these big bankers & CEO's have been sued by the SEC for their negligent, even criminal behavior, huh???? Guess what industry the SEC people got their background from!!!Originally Posted by littleroundman
Even Paulson had to swallow up his "moral hazard" beliefs down his own throat to save the US banks; the very institutions that created a world wide financial disaster and almost ended civilization as we know it. I can only imagine the pressure he must have been under.
So you got to define what your question is really about:
Is it a morality and ethics question?
Is it about fundamentals (economics)?
Is it about mathematics?
Who the f*ck are you to even ask????
Why does Fred's brand of "pay forward" system have to be illegal whereas lottery, or even an online poker game is not????
What does the name of a person, "Charles Ponzi", got anything to do with the idealistic, and apparently positive, good intentions of a man who you don't even know?????
Have you studied the mechanics of his proposed system??? It doesn' seem to be one thing but many things which involve selling training videos. It's totally hybrid, but it does rely heavily on trust (like the US economy and any banking system).
Show me where he is robbed or scammed anyone out of money, and don't f*cking start with the "He played and promoted a ponzi before" bullshit, because that's got nothing to do with what he is trying to do with this JBP thing (or so he says). If I am wrong about this old guy, then fine, I'll look like an ass and you'll call me a moron, ban me forever, whatever, but only then.
He still have these conference calls where so many lazy morons ask for the most idiotic questions and I can't believe his patient and level head. I would have been frustrated with the people who call, I mean it's unbelievable. I know I would have told them to read the fuc**ng information online and call back again. But that shows character and commitment to an ideal, I admire that virtue.... I've also read on the web that he had to reduce the interest rate, have given notice of the days where there would be no pay-outs, have advised people of impending "restarts", obviously I've been spying on him, (thanks to you morons) so I can talk with the facts not some pre-fab bullshit. So I mean WTF, what's he waiting for??? IMO, if this old timer is about to steal and run with all the money then he sure is a BIG idiot. Chances are that he is doing what he's got do to keep his programme, as he says "sustainable". My hunch is he wants to prove everyone wrong about him and JBP. But that's just me.
To me, this is always been about being innocent until proven guilty anyway. To you, it's about this "high interest yield" thing and how so many people have committed scams by exploiting human greed.
So, get off your moral high horse bullshit you stupid ignorant zombie from Aussie land and go go hop-hop the sands of Dune over there.
MMB
If I was Patrick, I would just monetize the blog with some contextual advertising or some other revenue generating avenue. Of course, that would take some tweaking to prevent ponzi ads from being served up on his anti-ponzi site.
ʎɐqǝ uo pɹɐoqʎǝʞ ɐ ʎnq ı ǝɯıʇ ʇsɐן ǝɥʇ sı sıɥʇ
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