If you are new to this blog, you are invited to read first “The Largest Heist in History” which was accepted as evidence and published by the British Parliament, House of Commons, Treasury Committee.

"It is typically characterised by strong, compelling, logic. I loosely use the term 'pyramid selling' to describe the activities of the City but you explain in crystal clear terms why this is so." commented Dr Vincent Cable MP to the author.

This blog demonstrates that:

- the financial system was turned into a pyramid scheme in a technical, legal sense (not just proverbial);

- the current crisis was easily predictable (without any benefit of hindsight) by any competent financier, i.e. with rudimentary knowledge of mathematics, hence avoidable.

It is up to readers to draw their own conclusions. Whether this crisis is a result of a conspiracy to defraud taxpayers, or a massive negligence, or it is just a misfortune, or maybe a Swedish count, Axel Oxenstierna, was right when he said to his son in the 17th century: "Do you not know, my son, with how little wisdom the world is governed?".

Wednesday, 31 March 2010

From rags to riches


Recently a post (see below this short article) can be found on numerous blogs: a "from rags to riches" recipe. If it worked, we could all make, on average, $11,390,625 ($1 x 156). The whole world would become rich! (Just rich, not fabulously rich.) The financial crisis would be irrelevant. Wouldn't it be great?

But for the same (technical) reasons as the credit crunch happened, the "from rags to riches" recipe will not make us rich. It will fail miserably. Like the causes of the current financial crisis, it is yet another example of a pyramid scheme.

You've been warned.

====

Hi guys/gals,

This is the real thing $6 PayPal fast Cash in few Weeks
FAST CASH $6 PAYPAL as seen on OPRAH and 20/20

Since things went in the tanks with the recession, business has been slow and I have been paying my bills with income from working this system. I am going to show it to everyone I can since it was shown to me and it was invented to be shared amongst the struggling masses.

READ THIS, FOLLOW THE INSTRUCTIONS, PASS IT ON if you would like to make THOUSANDS OF DOLLARS and make your financial dreams come true with only a $6 investment!

There is no limit on how much money you can receive, and you haven't got anything to lose with this Business program. It's simple and it's safe.

FAST CASH $6 PAYPAL as seen on OPRAH
!!!!!!QUICK MONEY!!!!!! -- FAST CASH

At first I thought this was too good to be true...how wrong I was!! I decided to give it a go, it was only 6 dollars, so why not? Well I was astounded!! Money has been, and still is, coming to my account. **Proven by various, highly respected U.S. TV and Radio programs as being 100% legal, feasible and true. ** Oprah Winfrey and ABC's investigation team 20/20 also proved it can be done.
IF A 15 YEAR OLD BOY COULD MAKE $71,000 IN JUST 5 WEEKS AND OTHERS $250,000 IN A FEW MORE WEEKS -- SO CAN YOU!!!
THIS REALLY CAN MAKE YOU EASY MONEY!! IT WORKS!!! BUT YOU HAVE TO FOLLOW The LETTER FOR IT TO WORK!!!!

THE PAYPAL $6 DOLLAR MONEY-MAKING METHOD:
This is all you need:

1) An email address
2) A Pay Pal account
3) Then POST, POST, POST..........

THIS IS A 2009, CURRENT EMAIL LIST
Ever since the internet became popular, the word "scam" has become a daily term. I have never once tried any moneymaking "system" outside of this because of that very reason. However, after reading reports on the validity and reputation of this money making system (seen on Oprah, CNN, and other media forums) I gave it a try. Only hours after implementing this exact system I just about fell out of my chair as money ACTUALLY started rolling in. I couldn't believe it and for that reason, I became a believer in this system.

HERE IS HOW IT WORKS...
There is a list of 6 email addresses (you'll see it as you read further). Each of these people has already taken part in this system. When someone new comes along (such as yourself) he/she removes #1 off of the list, moves the other five email addresses up one position (i.e. #6 goes to #5, #5 to #4, etc.), and adds their Pay Pal email address in the 6 position. This process is what develops the power of compounding. The bottom line is this... Honesty and Integrity creates Profitability. Following this EXACT process is what creates the money, and that is why this system has been raved about. Altering the system creates weak results. The legality of this system comes from the idea that you are of course creating a mailing list, and a "service" is being provided (more on that later.)

INSTRUCTIONS:

STEP 1:
The first thing to do COPY, PASTE and SAVE this entire post in word or notepad on your computer so you can come back to it later. After that, if you are not already a Pay Pal user you need to go to the Pay Pal website at https://www.paypal.com/ and SIGN UP. To receive credit card payments from other people you must sign up for a PREMIER or BUSINESS account (not just a PERSONAL account). This is highly recommended to allow others easy payment options. To place the initial $6 into your account, you will have to verify your bank account with PAYPAL (which may take a few days). PAYPAL is 100% secure and is used by millions of people worldwide.

STEP 2:
Here is where the action occurs. Next send a $1.00 payment to each of the 6 email addresses on the current list from your Pay Pal account. To do this quickly and successfully, follow these simple steps:

1. Login to Pay Pal and click the "Send Money" tab near top of screen
2. In the "Recipient's Email" field type: the email address
3. In the "Amount" field type: "1" (your $1.00 payment)
4. In the "Category" field select: "Service" (Keeping it legal)
5. In the "subject" field type: "EMAIL LIST",
6. In the "message" field type: "PLEASE PUT ME ON YOUR EMAIL LIST". (By doing this, you are creating a service and maintaining the legality of the system by "paying" for the service.)
7. Finally, click on the "Continue" button to complete the payment.
8. Repeat these steps for each of the 6 email addresses.

That's it! (By sending the $1.00 payment to each address, you are implementing the compounding POWER of the system. You will reap what you sow!)


Here is the current e-mail list:
*************************************************
The email list:

1) [1]@gmail.com
2) [2]@gmail.com
3) [3]@gmail.com
4) [4]@gmail.com
5) [5]@gmail.com
6) [6]@gmail.com

*************************************************


STEP 3:
Now take the 1 email off of the list that you see above (from your saved file), move the other addresses up (6 becomes 5, 5 becomes 4, etc.) and add YOUR email address (the one used for your Pay Pal account) as number 6 on the list. This is the only part of the document that should be changed. **Make sure to use the email address you registered with Pay Pal**

STEP 4:
now post new file created in STEP 3 to at least 200 newsgroups or message boards. Keep in mind that there are tens of thousands of groups online! All you need is 200, but remember the more you post the more money you make as well as everyone else on the list!
Use Netscape, Internet Explorer, Fire fox, Safari, or whatever your internet browser is to search for various news groups, on-line forums, message boards, bulletin boards, chat sites, discussions, discussion groups, on-line communities, etc.

For example? Log on to any search engine like Yahoo.com or Google.com and type in a subject like 'MILLIONAIRE MESSAGE BOARD', MONEY MAKING DISCUSSIONS', 'MONEY MAKING FORUMS', or 'BUSINESS MESSAGE BOARD', etc. You will find thousands and thousands of message boards. Click them one by one and you will find the option to post a new message. Fill in the subject, which will be the header that everyone sees as they scroll through the list of postings in a particular group, and post the article with the NEW list of email addresses included. THAT'S IT!!! All you have to do is jump to different newsgroups and post away. After you get the hang of it, it will take about 60 seconds for each newsgroup.

HOW THE MONEY WORKS:
When you post 200 messages in various forums, it is estimated that at LEAST 15 people will respond and send you a $1.00 ($15.00). Those 15 will Post 200 Posts each and 225 people send you $1.00 ($225.00), etc. through 6 levels of email addresses. For comprehension purposes, here is an easy viewing chart:

1) 15(1) = 15 people ($1) = $15
2) 15(15) = 225 people ($1) = $225
3) 15(225) = 3375 people ($1) = $3,375
4) 15(3375) = 50625 people ($1) = $50,625
5) 15(50625) = 759375 people ($1) = $759,375

Within a few WEEKS you begin to see results, thanks to the speed of the internet! When your name is no longer on the list, take the latest posting in the newsgroups and begin the process again. Simply amazing...Follow the system as described, and enjoy your PROFITS!!!


REMEMBER... HONESTY AND INTEGRITY = PROFITABILITY
YOUR NAME COULD CYCLE FOR A LONG TIME!
THIS MAKES IT THE GIFT THAT KEEPS ON GIVING.
REMEMBER, THE MORE NEWSGROUPS YOU POST IN, THE MORE MONEY YOU WILL MAKE!! GOOD LUCK!!

Remember that most news servers will leave the posted messages on there servers for about 2 weeks. If you will post your message again, it WILL again start from the beginning. So you can repeat this over and over again. There are tons of new honest users and new honest people who are joining the Internet and newsgroups everyday and are willing to give it a try. Estimates are at 20,000 to 50,000 new users of the Internet, every day.
!!!!! REMEMBER!!!!! Follow every step, and IT WILL WORK!!!

Make Today A Great Day. Wish U Well...

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