How a Scam Changed America..

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I would even be happy with getting rich slow.

MY mother got cought in multiple MLM scheme companys and startet gaslighting everyone who said anything against it and practicly destroyed our family bond.

Thanks. Shortly after school, after quitting my first job during a trial period (because I was treated more like a slave than an employee) I did a huge mistake of asking my then friend who kept talking about his "great job full of freedom and financial independancy" what it was that he did. Long story short, I burnt my mom's savings (luckily she didn't have that much but still) in Herbalife because they brainwashed me into thinking "I'll have the money back in no time with a huge profit" - too bad I tried to be honest and fair towards my customers - which was no way to make money in this business. It was no company, it was a cult...

Over half of the YouTube ads I get are these kind of schemes... if it's too good to be true it's most certainly never true.

I got caught in an Amway pyramid scheme when I was 18, my parents got me to sign up for $1000, looking back now is was so fucked up 😂😢

I got caught up in Herbalife for a few months over a decade ago but remember giving that same "it's not a pyramid scheme, it's an MLM" speech to a friend😂 Just glad I didn't lose a bunch of money, just mostly my time.

I actually made money on a scheme. Way back in the early 1970's when I was in the US Navy there was a scheme at the base I was stationed at involving US saving bonds. A guy gave you a list of 10 names, you purchase 2 25$ saving bonds and gave one to him and mailed one to the person at the top and scratched it off and put your name on the bottom. Then I got two others to do the same. The purchase price of the bonds was 18.50 and they matured in five years at 25$. Now I had two bonds and as you can guess nothing came in the mail but in five years, I cashed the two bonds in for a sweet profit of 13$.

It's not a pyramid scheme, it's a reverse funnel system

People will forget…another scammer will come…you explained well at the beginning…

You should do an investigation into the hundreds of cryptocurrency schemes popping up left and right.

i used to be in vemma for a couple of month. I was struggling with money and the prospect of earning a bit of money while having access to their Verve energy drink was great. The worst part was that if you left the scam, it would impact other people in your network. Luckily it went to shit quite quickly and everyone was considering leaving. Lost contact with most of the guys from back then but i heard some of them joined similar scam with coffee.

I am surprised people still buy into multi level marketing schemes they have not had a good few years.

9:35 “because it’s built on the depth of your conviction, not the height of your logic” think about that

The intro of this video describes Ethereum perfectly😅 ponzi of musical chairs

The way I see it, if these people really had a way to get rich quickly and with very little effort, why would they want to share it (and therefore the money) with everyone? Bottom line, if it sounds too good to be true, it's probably because it's too good to be true. There's a word for this: scam.

My general mental heuristic is: was hard work and self-discipline required to create the product or service I am buying, and - also - WHO is doing that hard work and self-discipline and are THEY the ones getting paid proportionately and NOT somebody else? e.g. I just spent $32 for an academic mathematics paper I needed for my math research. It did not give me the results I had hoped for. But, there was absolutely no other way for me to unlock the knowledge in this particular piece of peer reviewed math research other than buying THAT particular paper. The author of the paper FINALLY got back to me about it, acknowledging a small but fortunately NOT fatal typo in the paper.

Briefly worked for a 'charity fundraiser' that followed this model. I was greeted by solicitors at the door to my workplace on the last day who asked me if I was the locksmith.

Gaslight, Gatekeep, Guilt trip

My parents sold amway long ago. We had so much of their crap around the house. Cleaners and stuff. Lots of books and folders full of propaganda. Seminars to go to. I even remember going to one when I was real little.