EFCC on MMM -Source Unknown

I listened to NTA and was interested to hear from EFCC spokesman. He said it's not Law enforcement that will stop MMM but awareness for people not to patronize it. The law enforcement is aware that MMM doesn’t go against any law of the land. That even their operatives may be participants.
The truth is that the people sponsoring all these media war are majorly stock brokers. The stock market is in shambles, they are the highest scam. So no sane Nigeria will allow his money to remain there after experiencing MMM. The banks are afraid not because they re not gaining alot from MMM but the deposits they use to loan out are gone. Depositors are breaking their fix deposits on daily basis and doing MMM. Our banks will be more of doing retail banking activities like transferring money than using people's money to amass wealth and keep the owners poor.

This is real financial revolution and you and I know that revolution comes with heavy price. It's either we be steadfast and win through this revolution and get financial freedom or we chicken out and remain on financial bondage.

The choice is ours!!!
I stand and will continue to PH and GH!!!

Source: Whatsapp broadcast

FACTS ABOUT MMM NIGERIA THAT NOBODY WANTS YOU TO KNOW by Muktar

MMM Russia has a dark untold history, it is easy to assume that the darkness was created by the founder(s) of MMM; however a deeper search reveals that there is a grand conspiracy that attempts to eliminate MMM and every other idea that tries to democratize luck.

MMM was conceived twenty seven years ago, for close to three decades, MMM’s failures have always been perpetrated by a class of people – the ruling class. I sought to understand why anyone will want to close down a community which claims to connect its participants to each other so that they can help each other.

Over the years, the answer has changed. In the 1990s, the popular answer was the founders kept all participants’ money and they could run with the money since government doesn’t monitor them. The early 2000s had a different answer; the popular opinion was the money was kept by guiders (participants who attend MMM school so that they can become leaders). There was fear that the guiders could run away with the money. The 2010s has a new answer, the answer is unclear. There is no logic to the answer. The answer is simple yet complex. The MMM critics of the 2010s believe even though MMM doesn’t collect money from its participants, MMM is still a scam. In the 2010s, MMM participants pay money to each other’s bank account. The money is in the bank, safe and secure. Or is there something deeper. Read on…

How and why did participants lose money in the 1990s? Russian government came one day with seventeen black vans to take all the billions of people’s monies with MMM (monies were kept in their head office) and they arrested its founder for tax invasion (not fraud). This happened in the presence of MMM participants, little wonder, the same MMM participants voted in millions to ensure MMM’s founder becomes a member of the Russian parliament. Mr Sergey Mavrodi’s (founder of MMM) victory at the polls was his ticket out of jail. Why did the story end badly for some participants? It is reported that some committed suicide because their money was taken. This was not them reacting to the man who was trying to make them financially free in a communist Russia, it was them reacting to a government that took all their monies away.

The major source of news about MMM is Wikipedia. Wikipedia’s founder is a wanted man in the United States of America and so many countries, he is in hiding; He unapologetically published personal mails allegedly hacked by Russia to influence an American election. Wikipedia has destroyed a lot of lives with its half truths and one sided stories. I find it hard to believe that we will trust Wikipedia without listening to the other party.

The prevalent question in my mind is why is the ruling class using its weapon (power, media and money) portraying MMM as a scam since MMM doesn’t collect money from its participants. It is like saying Facebook Inc. is a scam. Facebook cannot scam you (as a user) because facebook doesn’t collect money from you. You sign up for free. In the same light, participants sign up to MMM for free. MMM simply connects the participants to each other. The question is why? Zuckerberg was connecting us to old friends when he didn’t even know how Facebook will make profit, why? He said he wanted to create a more open and connected world. Mavrodi also claims he wants to create a fairer world, a fairer financial system.

We agree that MMM has never collected money from its participants since 1994, so why is it regarded as a scam. Critics say the system is not sustainable and at some point, it will crash. They say at some point, there will not be enough people to “provide help (an MMM term meaning donate money)” to those who want to “Get Help (an MMM term meaning receive money)”. To receive money, you must have previously donated or referred someone to join the community.

After reviewing their point, I believe what critics mean to say is; MMM is not a scam but MMM is not sustainable. At this point, there is no way MMM can use any fraudulent way to collect money from its participants, therefore I can say MMM is not a scam. If MMM opened a bank account, it would be frozen so there is no chance. MMM is not a scam but is MMM sustainable?

One thing I have learnt from the critics of MMM is their method of proving they are right. Their method is similar to what I saw in a movie. A lady wanted to proof her brother’s wife was a thief, so the lady stole an item and kept it in her brother’s wife purse. I began to wonder who the thief is. The World Bank and a lot of global organizations claim their goal is to reduce global extreme poverty yet they pay a lot of lip service to the pursuit of this noble goal.

They neglect the ideas that can truly reduce poverty and spend more time pursuing the policies of their sponsors (big global banks and individuals). Most critics of MMM will share untrue stories about MMM (like the MMM crash in Lagos or Zimbabwe) and do anything (it is amazing) to ensure the crash they had predicted eventually happens. They remind me of the woman in the movie. It is a dirty fight and I think MMM participants are not doing enough to share the light of what MMM is doing for them.

We have come to a conclusion that MMM is not a scam but we haven’t agreed it is sustainable. To understand its sustainability or un-sustainability, let’s do the scam test. If MMM fails today, who wins? No one wins emotionally but those who have gotten help win financially and those who have provided help lose financially. The MMM brand becomes worse and its founders will be cursed. So its founders don’t gain financially. It is some participants that gain financially and some participants lose financially. When I understood this truth, I stopped calling MMM a scam. I then wondered why Mr Sergey Mavrodi will keep punishing himself, his name, risking jail term or worse for a system that is not sustainable.

I wanted to understand his mind so I read his books (available on amazon), articles, saw his movie about MMM 94 (self sponsored by Mr Mavrodi with major actors from Russia and Hollywood. Available for free on Youtube and MMM website). I discovered he had one goal and I put it simply; Mr Sergey Mavrodi’s goal is to “democratize luck”. Henry Ford wanted to democratize cars and ensure it is affordable so that every hardworking person can buy one. Tony Elumelu wanted to institutionalize luck so he created The Tony Elumelu Foundation giving no-strings attached grants to 10,000 entrepreneurs within 10years. So many other people have big dreams such as this, to eliminate global poverty. Mr Sergey Mavrodi wants people to work not because they need money but because they enjoy the job, this way our school teachers by destiny won’t end up as bankers because of money – working hard at a job they hate. If money wasn’t king, people will do jobs they love and do it will the spirit of excellence. If Michael Jackson grew up in Nigeria, we would have ended up in ajegunle struggling. America doesn’t need Sergey’s MMM because they have their own version and the live their version, popularly called the American Dream. This dream helped Bill Gates sit down in meetings with IBM executives, get a loan of $1millions and more. In Africa and other third world nations, there is no dream for the people. There is pain, tears and sorrow. The big question is will this amazing dream of Mavrodi work with the MMM system?

The only way to know is to ask what the system itself is. It is participants donating money to each other and getting 30% reward. It is based on the principle that we don’t all need money at the same time. To understand it better, let us assume there are five people in MMM, Mr A, B, C, D and E. Mr A donates 10, 000 to Mr E (who has previously donated) Mr E uses the money to settle an urgent bill. Mr B donates to Mr A. Mr C donates to Mr B. Mr D donates to Mr C. Mr E gets his salary of 100,000, pledges to donate 15,000 and donates it to Mr D. Money is just moving round to settle debts, bills and create new value. The population the banks will never look at have found a new way to get the money they need without having to collect any loans. If they continue using their bank accounts, the banks will keep winning because of the fast movement of money leads to more bank charges. No new money is created so inflation is not created. No excess money will be in the economy. In essence, everyone wins.

The system can be sustained if everyone comes together to make it work. The banking system will fail if we all withdraw our money at the same time (bank run). Insurance companies will die if all but one person refuses to pay premiums; they will be unable to pay the person in case of any accident or loss.

MMM is good for Africa, it doesn’t compete with the banks because banks already do not loan money to the majority. The loans go to the 10% who have collateral which is good for banking. With MMM more people will open bank accounts (since MMM participants relate with their bank account) and banks will reach the unbanked. We need to get more Nigerians into the banking system. MMM has also helped banks promote their online and USSD banking platforms. MMM has helped entrepreneurs source for money for their ideas within a realistic time. MMM has inspired participants to spend more in a recession. This is keeping a lot of big and small businesses afloat. If you see anyone buying cars, houses or valuables in today’s Nigeria, they are probably involved in businesses where they earn in foreign currencies, extremely rich or engaged in … you guessed right – MMM.

This is good for everyone. The stock market can bounce back on the MMM wave as people become more confident to diversify. Nigerians are in positive spirit because of MMM. People who couldn’t pay school fees paid with ease. People eat better and live better. Over one million Nigerians engaged in MMM have positive story to tell.
After my research, I asked myself. Would I be the lady who wanted to proof her sister in-law is a thief so she stole and kept it in her sister in-laws bag or will I be the person who will find out if truly her sister-in-law is a thief and when I find her innocent, declare her to be innocent. My choice is clear.

I asked a member of the ruling class who instructed his human resource unit to send a mail warning all members of staff not to participate in MMM why he is anti-MMM. He said if they continue with MMM, one day, the might resign and see no need to work. I said really? So because you are a multi-millionaire, your kids won’t work? He then voiced his real concern. They will be financially free and won’t take his excesses anymore since they can start their own business or resign and not suffer while they search for a better working environment.

(Newsfeed comment by Muktar in reaction to CBN warning against MMM)

MMM Nigeria is Sweet

Why MMM is ranked the best Financial Aid Community in the world
 Unlike every other scheme which happens to be MLM (multi-level Marketing) where it is a must to put in a specific amount and invite people into the scheme before you can earn anything, MMM dont even need you to do that, just contribute any amount you can and then your 30% awaits you at the end of the month.

Other Online Scheme has a central account where all the monies are paid into,  which makes it easy for the scheme to be attacked by anybody or even the said company can cart away with your money. But thats not the case with MMM, because there is no central account anywhere, rather, the transactions are only carried out among the participants in the community that has been paired together by the system. This makes it difficult for anybody in the world to attack it, because its just like the air, you can feel it but you cant hold it.

In other online schemes, payments are made just once, which means that the survival of the scheme depends solely on new participants coming in. But thats not the case with MMM.

 In MMM you can contribute (PH) as many times as u want with any amount, even if there are no body coming in, the survival of MMM will still depend on the constant withdrawal (GH)  and deposits (PH) of participants in the system. Now lets look at it this way,  if u deposited #20,000 and after 30days you withdraw #26,000, tell me,  will you want to stop depositing? I guess your answer is as good as mine. 😀

Other online Schemes are rigorous and sometimes, even those who has registered and has paid will end up not getting their reward at the end of the day.  But MMM will make sure your 30% is paid. And if the person that has been assigned to pay you refuses to pay you after the stipulated time (usually 48hrs)  the person will be blocked out of the community and another person will be assigned to pay you your money.

If it were to be other online investments that has received all this media publications by the SEC and CBN this recent times,  i am so 100% sure that they would have folded up,  but rather,  MMM stood her ground with the collective corporations and believes held unto by all the participants. The funniest thing is that,  the publications even made MMM more popular 😀.

Finally,  my favorite part, in MMM we are not begging anybody to join. Its only for those who want other sources of income apart from the regular thing you are doing. If you think you are ok with the way you are,  then be my guest, abeg stay where you are. 🙏🏽 😀

So my friend, tell everyone around you about MMM, invite them and you will also receive 10% referral bonus as compensation for your own part you have played for the sustainability of the community....

Wow isn't MMM so sweet?

You can join  by using my referral link  
Register here http://nigeria-mmm.net/?i=princcehood@yahoo.com 

OR

Visit my new facebook page  https://www.facebook.com/mymmm9ja/ and click on "SIGN UP"

Source of this article is whatsapp. Author: Unknown

MMM - Know The risks involved and make your calculated decision.

Your financial freedom is here!!! Grow your spare money by as much as 30%. The the community of people helping each other! 

Register here http://nigeria-mmm.net/?i=princcehood@yahoo.com 

Visit my new facebook page  https://www.facebook.com/mymmm9ja/

The MMM Community is built on the principles of mutual aid and benevolence. As a result, MMM is much more progressive than any other commercial company. In a commercial company, money is a goal. And if the company is not profitable, it goes bankrupt and closes down. MMM doesn’t keep money, but simply join together people willing to provide assistance to those who are willing to receive it. Therefore, MMM can't go bankrupt. The founder and leaders of MMM are public figures. They regularly record video messages. Since January 10, 2011 MMM has never stopped its activity. It is impossible that one day MMM will close down and will cease to exist

The main factor of MMM’s success is a continuous progressive growth of the active members of the Community who are actively engaged in the development of the system, and, in addition, request assistance not in the full amount, which they have available, but only the amount which they really need for their personal and family needs. However, it is incorrect to say that the participation in MMM does not pose any risk. There are some risks! And we want to tell about them publicly and in detail. As you know, in the PO the Community member, after he/she has donated money, is charged with the conventional unit – mavros, which constantly grows, and he/she also can see the maximum assistance which is allowed to request. But theoretically it might happen that the participant asks for help, and this assistance is not provided (the order to receive money doesn’t come). This would occur if the total number of requests for assistance exceeded the amount of requests to provide assistance (in other words - more people want to get donations than to donate themselves). The worst-case scenario in this situation is restart when the received mavros are cancelled. In this case, the work of the Community is re-launched and all participants can continue to participate from zero. However, the members of the MMM Community have developed a lot of measures to avoid this scenario.

What measures are taken to provide reliable work of the MMM Community?

When the number of the Community members is growing, the pyramid scheme allows each participant to receive a larger amount of donation than he did. But a pyramid scheme is not very effective when growth rates are low and when a lot of participants have requested assistance at the same moment. Therefore, MMM uses a number of other mechanisms to stabilize the Community work in such situations. They include:

1. Pause Mode. During the Pause Mode, the mavos which accrued in the participant’s Personal Office before the beginning of this mode, stop its growth. As the Pause Mode ends, the "old" mavros continue growing again, and you can get help. The Pause Mode can last for one to two months. While paused, you can exchange all the old mavros, but at a floating ratio.

2. Floating Ratio. If it is impossible to pay the requested amount fully to the participants, there can be introduced a special ratio and participants will receive assistance in part. For example, during the previous Pause Mode, it was allowed to exchange all mavros and get help, which would be 110% of that you had gave.

3. Installment Receipts. MMM follows the rule - the order to receive money should come in half an hour after making the request. But in the difficult for the Community period, participants may not receive help immediately, but in parts (for example, each week they will receive an installment of 25% of the amount requested).

All the measures described above are the precautions for the future. Now MMM global is working successfully, and taking any of the pointed measures is not required!

What can I personally do for our Community security?

The Community members do not have any legal obligations and agreements. Taking part in the Community is a personal decision of each participant and his personal responsibility. There couldn’t be any guarantees and promises in principle. The work of the Community depends entirely on its members’ behavior. At the same time, there are a few simple tips and recommendations, which will make participation in MMM safer for you:

1.Don’t donate the sum which is critical for you. Remember: in MMM money is not invested, but donated by some participants to other ones. It is better to help with a little money, but to do it sincerely and with all your heart.

2. Regularly give and ask for help. It is unwise to wait until the amount available for withdrawal, will be astronomically large, and then request the entire amount at once. It's harmful for you and for the community as a whole. MMM was not created for enrichment, but for other purposes. It is safer to help weekly with a small amount (regard MMM as a piggy bank). Don't hesitate to ask for assistance whenever it is necessary, but not more than you need. I.e. if you want to buy a TV for $ 1000, you don’t have to request assistance for 10 thousand dollars.

3. Tell about MMM and invite to the Community. As it has been mentioned earlier, the work of the Community wholly and fully depends on the activity and actions of its participants. MMM will work in a stable way if each participant invites just one new member per month. It is simple to tell about MMM - our Community is open to all people regardless of status and income level. We are proud of what we are doing. And don't forget to mention that MMM is a Community of mutual help, and not a way of making money.

4. Be positive to it. We want MMM to bring people only positive emotions. We want the members of our Community to be happy and share happiness with others. Be sincere with yourself and don't venture a lot of money, so as not to worry later. On the Internet there are a lot of scam projects. And if you have visited MMM site for the first time, you will doubt: what's true and what's false. This is normal - you should always be careful and your decisions should always be conscious and well documented. If you have any questions, please contact our consultants.

The MMM Community is developed by its participants.

Our activity, kindness and creativity determine how comfortable and safe the Community will be!

MY RESPONSE TO SEC ON MMM

I think it is imperative for agencies and individuals to research before making g g unguarded speeches and comments. I read the SEC's comments on MMM and would like to respond as such.

1. MMM is a scam!
MMM is successful for over 4 yrs in over 100 countries. What kind of scam spreads as such? You only need to search youtube using "MMM pays" to see Millions of testimonies.

2. Is it Legal?
MMM is not a company/bank etc. It is a community of people helping each other with their own money from which taxes have already been paid. No law forbids people from sharing their own money. If there is one such law, i am yet to come across it.

3. Is it a Ponzi scheme?
Unlike ponzi schemes, MMM is open and clear about its operations and processes. Participants are the only source of financial aid to other participants. it is peer-to-peer. No guarantees and this is clearly communicated to participants. There is possibility of not getting hep despite the fact that you have provided help.

4. Is it a pyramid?
MMM works with the same principle as banks, insurance companies and pension funds. Whatever you wish to call those, same applies here.

MMM: ROBBING PETER TO PAY PAUL?

MMM: ROBBING PETER TO PAY PAUL?
That is what a lot of people against MMM are saying, including You! If not so, where is the 30% coming from? they ask.
I have news for you, if MMM’s 30% is “robbing Peter to pay Paul” then you need to stop putting your money in the bank because the 1% to 2% interest from banks is from other peoples’ deposits which according to you is “robbing Peter to pay Paul”. Do you think the bank can pay the tiniest interest if other people’s money is not involved?

What most people do not understand is that when you deposit your money in the bank, they immediately use your money in one or more of the following ways:
1. Allow another depositor to withdraw when they request to do so.
2. Give out loans to those seeking loans from the bank
3. Pay workers’ salary including bank managers, clerks, marketers, cashiers, tellers, cleaners, security guards etc.
4. Buy equipments needed for smooth operations like generator, computer systems, communication gadgets etc.
5. Sponsor the expensive lifestyles of bank executives including the next trip to America or Dubai.
6. Other running costs of the bank

Just imagine! Did you know this? See what our deposits are used to accomplish! Now, for the privilege of using our deposits in the above ways, the bank rewards us with 1% or 2% interest (up to 6% if fixed deposit) provided the money stays with them for over a month. Imagine! Just 2% after all that!

Consider this; you deposit 100k with your bank and after 2 weeks you return to withdraw the entire 100k. Question is do you think it is your actual 100k they gave you? NO! Your actual deposit has already been used in one or more of the ways mentioned above and the 100k they give you is because of fresh deposits the bank recently received. If you look closely, you will realize that banks can pay more interest than they give, but that means sacrificing the expensive lifestyle of the bank executives. Why will they cancel that next trip to Dubai because of you? Think.

However, in MMM the ONLY thing your money is used for is paying another participant due for payment directly, no middleman. There are no salaries to pay, no running costs, nobody collecting loans, no bank executive’s expensive lifestyle to support. So you can see that MMM can conveniently offer 30% rewards for your willing and generous donations to fellow participants. Therefore, whether 2% or 30% interest it all comes from the same source: other people’s money (OPM).

Now let’s talk about insurance companies. I believe they are the epitome of the so called “robbing Peter to pay Paul” allegation. How does insurance work? Suppose you insure your property against fire for 2 million naira and they charge you a monthly premium of 20k. You faithfully pay your monthly premiums without fail, and then on the 6th month the unexpected happens, fire guts your property! After the usual investigation, the insurance company is satisfied you have a genuine claim, they pay you 2 million naira. The question is where did the 2million naira come from? Your personal payment is only 120k, so how come 2million naira? Well, the 2 million is from other premium payments to the insurance company by other participants. Imagine what will happen if everyone on insurance with a particular company all have genuine claims at the same time? They cannot cope! In any case, the payment is from other people’s premium payment, which according to some (maybe you) is “robbing Peter to pay Paul”.

If your eyes have been opened to the fact that whether 2% or 30%, they come from the same source and you realize that 30% is way better than 2%, lets grow 30% every month together.

If however you are still convinced the whole thing is “robbing Peter to pay Paul” I will suggest you withdraw all your money from the bank, cancel all your insurance (including your National Health Insurance Scheme) and keep your money under your bed, in your pillow/pillowcase or dig a hole in your backyard to keep your money. That is the only way you won’t participate in this “robbing Peter to pay Paul” business. But your money cannot grow that way whether 2% or 30%.

If you realize that 2% is too small and will like to enjoy 30% growth instead, then you know what to do and let us grow at the rate of 30% per month without greed or selfishness, but willingly helping one another to escape into financial freedom. You will be added to our Whatsapp group and given appropriate guidance to maximize this opportunity.

Together we can change the world.

Source: Unknown.  This post was shared in a whatsapp group and I think the author did a job worthy of sharing

Hokage's Thoughts: Mr. Godwin Emefiele’s Report card on Nigerian Econ...

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