IS MMM A SCAM?
I'm sure we've all heard of the money-making investment Opportunity currently being talked about nationwide. Here are the facts you need to know before condemning or involving in it:
"MMM currently operates in more about 118 countries and close to 2 years in Nigeria with several millions of participants.
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MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence.
In MMM you do not have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps.
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The only thing that MMM demands from its participants is to be honest and kind to each other. You ask for financial help when you need it, you give financial help when you are able to do it.
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*VERY IMPORTANT!*
There is no сentral MMM account, where all the System money flows to (and where it can be easily stolen from ). All the money is only on the banking accounts of the participants! All monies are on a lot of thousand and millions of private accounts. Participants transfer to each other directly, without intermediaries! MMM only regulates the process — nothing more.
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So the System completely belongs to the people. No kidding! It is a real mutual aid fund where ordinary people help each other.
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*HOW DOES MMM WORK TECHNICALLY?*
After registration, you declare the willingness to give help, after which your account will be rewarded with mavro (internal “currency”/scores of the System). Mavros will start growing from the moment of offering the contribution at the rate of 30% per month. (Calculation of reward occurs twice a week, on Tuesdays and Thursdays at 00:00 GMT.) This sum in Mavro shows how much you can request for yourself.
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Say you have announced willingness to assist with N10,000. You will be rewarded in your PO with 10,000 mavro. And they will immediately start growing! A month later, these 10000 will become 13000 mavro. Accordingly, you will be able to request assistance for N13,000.
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However, it is not necessary at all to wait for a month. Help can be requested at any time. But only after confirmation of your mavro. What does "after confirmation" mean? It means only after you actually transfer money, i.e. really give assistance to another participant. (But not just declare willingness. ) Request for providing help comes to you in your personal office/account. If you do not do it within 48 hours, you will be removed from the system.
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*WHO PAYS THE 30%*
MMM uses crowd funding to run MMM. What I am saying is that it is you and I that keeps MMM running. MMM was created by Sergei Mavrodi. What he did was to create a system or a community where people pay themselves.
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And that 30% is being paid by you and I. We are actually the ones paying the 30%. Everybody Providing help or Getting Help is funding MMM.
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Now I want to talk about banks. Do you know that every bank you see out there uses crowd funds. Banks do not have Money anywhere. So they use the money you and I deposit at the bank. Listen if everybody decide to withdraw these money, banks will not be able to pay everybody that day because people will have to deposit first into the bank and they can now use the money to pay people requesting for money in the bank. If everybody that is using GTBank decide to withdraw their money today, gtbank might probably go bankrupt.
.
The money you paid to someone, consist of his bonus and the amount the person put in as capital, when you want to Get Help also, other people will pay you (your interest and the money you put in).
It's the same strategy all those banks are using.
Mr A opens an account in a bank and Mr B will go to the bank and borrow money.
.
So whose money did Mr B borrowed?
Once there's continuation of PH and GH, the system cannot crash. Just as if banks continues to receive deposits and give withdrawals, they are likely to remain in the banking sector.
This system is being funded by people and as long as people continues to provide help and get help.
MMM continues."
Except from facebook user Francis Ifeanyi Facotex https://www.facebook.com/facotex
Share your thoughts by leaving your comments below.
.
.
MMM is a community of people providing each other financial help on the principle of gratuitousness, reciprocity and benevolence.
In MMM you do not have to make contracts or pledge your property. In MMM there are no lenders and no debtors. Everything is very simple: one participant asks for help — another one helps.
.
The only thing that MMM demands from its participants is to be honest and kind to each other. You ask for financial help when you need it, you give financial help when you are able to do it.
.
*VERY IMPORTANT!*
There is no сentral MMM account, where all the System money flows to (and where it can be easily stolen from ). All the money is only on the banking accounts of the participants! All monies are on a lot of thousand and millions of private accounts. Participants transfer to each other directly, without intermediaries! MMM only regulates the process — nothing more.
.
So the System completely belongs to the people. No kidding! It is a real mutual aid fund where ordinary people help each other.
.
*HOW DOES MMM WORK TECHNICALLY?*
After registration, you declare the willingness to give help, after which your account will be rewarded with mavro (internal “currency”/scores of the System). Mavros will start growing from the moment of offering the contribution at the rate of 30% per month. (Calculation of reward occurs twice a week, on Tuesdays and Thursdays at 00:00 GMT.) This sum in Mavro shows how much you can request for yourself.
.
Say you have announced willingness to assist with N10,000. You will be rewarded in your PO with 10,000 mavro. And they will immediately start growing! A month later, these 10000 will become 13000 mavro. Accordingly, you will be able to request assistance for N13,000.
.
However, it is not necessary at all to wait for a month. Help can be requested at any time. But only after confirmation of your mavro. What does "after confirmation" mean? It means only after you actually transfer money, i.e. really give assistance to another participant. (But not just declare willingness. ) Request for providing help comes to you in your personal office/account. If you do not do it within 48 hours, you will be removed from the system.
.
*WHO PAYS THE 30%*
MMM uses crowd funding to run MMM. What I am saying is that it is you and I that keeps MMM running. MMM was created by Sergei Mavrodi. What he did was to create a system or a community where people pay themselves.
.
And that 30% is being paid by you and I. We are actually the ones paying the 30%. Everybody Providing help or Getting Help is funding MMM.
.
Now I want to talk about banks. Do you know that every bank you see out there uses crowd funds. Banks do not have Money anywhere. So they use the money you and I deposit at the bank. Listen if everybody decide to withdraw these money, banks will not be able to pay everybody that day because people will have to deposit first into the bank and they can now use the money to pay people requesting for money in the bank. If everybody that is using GTBank decide to withdraw their money today, gtbank might probably go bankrupt.
.
The money you paid to someone, consist of his bonus and the amount the person put in as capital, when you want to Get Help also, other people will pay you (your interest and the money you put in).
It's the same strategy all those banks are using.
Mr A opens an account in a bank and Mr B will go to the bank and borrow money.
.
So whose money did Mr B borrowed?
Once there's continuation of PH and GH, the system cannot crash. Just as if banks continues to receive deposits and give withdrawals, they are likely to remain in the banking sector.
This system is being funded by people and as long as people continues to provide help and get help.
MMM continues."
Except from facebook user Francis Ifeanyi Facotex https://www.facebook.com/facotex
Share your thoughts by leaving your comments below.
.
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