Just got paid a few bucks from Fast Power Lines.  I wrote to Jim a few times and he came through.  Not a big deal or amount but I felt they had to follow through on it.

Bernard Madoff, the ultimate ponzi man,  gets the maximum sentence of 150 years.  Hopefully he will not meet one of his victims in prison.    All kinds of things happen in there or so I hear.  Of course he may start a pen ponzi.  You just never know.

“The judge said the estimate that Madoff has cost his victims more than $13 billion was conservative because it did not include money from feeder funds.” Ok I think I’ve had enough of Bernie until he comes out in the year 2159 or sooner.

Don’t forget to add me as a friend in the new section of Me2Everyone.  This is the start of many new things in there. Also someone is going to win 10M shares.

SQIP has announced they are going to have a Chitter, which is like Twitter.  As for Twitter, you can follow me in there also and add me as a friend on SQIP.

Both SQIP and Me2Everyone have social networking components and both are striving to increase value.  Joining them now is a great time to do so as you get instant value for free.

Just read that Healthcare and Private Education are growing fields at the moment in this economy.  For sure there is lots of room for growth as the population retrain and as the population ages healthcare is an important component of that.

RoboForm, above, is one of the best safe ways to operate on the net, especially if you have many programs to log in to.   I upgraded long time ago and I am glad I did.  Trying to remember passwords is a real pain in the you know what.  One of the best things I have ever done.  Try the free version and if you like it then upgrade.  Yes there is a free version.

Life is an adventure.  Live, love, lust. Do anything, but Do Something!

Cheers,

Gene

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As many of us know, there is many a ponzi on the net, make money, online and offline schemes, easy money schemes etc.  If you do not know what that is, do a search on Carlo Ponzi.  This is based upon Carlo Ponzi’s name yet he is not the originator of it.  Of course there are many variations on these schemes but most require new money to flow in to keep them going.  Many will tell you that they have “outside” ways to earn money and help the cause.  Mostly that is untrue.  All these things go back a long time in human history.

There may be some that have outside income however some will take surplus funds and put them into other ponzis or more highly likely they put this into their own pockets.   Some of the programs like this are the surf programs, hyips etc.   Hyips are so called high yield investment programs, high risk high reward but do not confuse them with regular investments such as with a bank or an investment company.

Some can go on for a long time and some fizzle rather quickly so you may make a buck or two or not.  When outflow starts to exceed inflow then the game ends rather quickly and the guy running the ponzi has left the building. Frequently many excuses are made as to what has happened.

Follow a few rules and you may come out ahead.  Also know that many will lose along the way. Do you really want to be involved with these schemes?  If you cannot afford to lose or you cannot sleep knowing this may happen, do not play these games.

I have been successful with them as long as I follow my own rules. Of course I never “recommend” these things but if you decide to play, please do your own due diligence and do not rely strictly on what others tell you.  Monitor them for awhile and see how they do.  Many “forget” to report when these games end.  Of course many have sucked up a significant amount in referral fees and those sometimes generate more income than they garner from the ponzis themselves.

Your prime objective should be to recover your seed funds as soon as possible and then play with the “profits” taking a certain percentage back each payday.  You will make a bit less doing this but you preserve your funds that way.  There is always another train leaving the station, i.e. ponzi coming along.

Making money and greed seems to go together so do not get too greedy. Be vigilant and get to know folks who suggest these things.  If they guarantee anything that is usually too good to be true.  And nothing lasts forever.  If you come in too late your chances of winning are greatly diminished and you are likely throwing your money away.

Ironically the biggest scam of this ilk was the Madoff ponzi scam to the tune of 50 Billion dollars. And the SEC had been made known about it for years and had done nothing about it.  They seem to go after others with more zeal. Of course, he was once chairman of the board of the NASDAQ exchange so did that have something to do with it?

Here is something I wrote awhile ago called Ponzi Guy.

Ponzi guy
Ponzi guy
Sweet as Pie
He’s not so shy
Ever so Sweet as Honey
When he is collecting your Money

For the rest of this ditty go to Ponzi Guy.

Ok, off my pozi high horse for today.  I hope everyone enjoyed Father’s Day today.

Cheers,

Gene

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