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APC And Ponzi Schemes. - Investment - Nairaland

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APC And Ponzi Schemes. by Nobody: 2:31pm On Feb 27, 2017
While I condemn those who get involved in Ponzi schemes I agree that many got into these scheme due to our harsh economic terrain.

I for one have felt the brunt of the economic hardship having to sell my ride few months after this present administration. Business associates bought goods on credit and never payed back. Some of my start-ups crashed within 24hrs months of opening. I was frustrated and left with little or no choice than to beg for help from friends, relatives and colleagues all who mostly couldn't help because their business had folded.

Then the enemy of our souls saw an opportunity to rip us of the little we had remaining. He promised us to put little or nothing and reap many folds. This was definitely against the law of nature which supported sowing and reaping. These Ponzi scheme put our money in a merry go round, they were not making money of us, they simply passed our money around from one person to another sometimes stealing money in between the cycle and left us praying that the money is in our hands when the cycle stops rolling.

I was tempted to invest in these schemes. My baby needed to be fed, my wife was almost fed up with me because I had dried up her savings. I knelt down and cried and prayed and begged, "that this storm will not kill me, that I will come out untouched and unahaken from this recession- in God's name and power".

The scale had fallen off my eyes, the biggest economic boom comes in the period of economic melt down. Ideas kept rushing in, my financial genius was revived, I woke up kissed my son on his fore-head, forced a hug off my wife, dusted my system and went off to work. Spent late night at work. Wrote down ideas, by first looking for problems. Wrote down solutions and struck out innovations that were illogical. A company was borne supplies were made, the government owed but eventually paid. I didnt find flying bikes a curse any more, I saw it as a phase.
I paid off my debts slowly. That was Ponzi haters rebirth.

Today unlike other days I apologize to those I insulted for passing the right message the wrong way, to those I insulted trying to dissuade from ponzi schemes, its a challenge making economic might with no start up. But we must innovate and device strategies to beat the harsh weather.

My advice remains shun ponzi schemes and innovate.

Sgt Ponzi Hater

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