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.

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 😂😢

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.

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

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$. Now I had two bonds and as you can guess nothing came in the mail but in five years, I cashed the two bonds in for a sweet profit of 13$.

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.

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...

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.

Yeah, my family vacations were Amway trips back in the early 90s. I remember going to local book stores with my dad and him talking to complete strangers. Opening line: "shot in the dark...." Thanks for unlocking that memory....

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 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.

Ppl were stupid, now they know the price of stupid or having too much hope for richers or just alot of hope in general!

I remember watching the hilarious Tom Voo seminar infomercials which came on at midnight back in the late 1980's, He was the butt of jokes.

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.

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

Gaslight, Gatekeep, Guilt trip

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