kevin612 Posted November 25, 2019 Share Posted November 25, 2019 The scheme show a very high return, so people fall to the trap. Link to comment Share on other sites More sharing options...
Misterwhisper Posted November 25, 2019 Share Posted November 25, 2019 6 hours ago, webfact said: The survey found the great majority of people -- 95.9 per cent -- invested in Ponzi schemes that involved oil, gold, and foreign currency. The remaining 4.1% invested in Ponzi schemes that involved som tam and gai yaang. Link to comment Share on other sites More sharing options...
tyga Posted November 25, 2019 Share Posted November 25, 2019 with any investment, there are only two sentiments, greed and fear so if the latter they would not invest, so that leaves greed. Greed may be good in the words of Gordon Gecko, but not when you are stupid as well. Whether you can sneak stupidity in as a reason is debatable except perhaps to say that would be why you'd choose a Ponzi scheme over a more sensible one. It is just the higher the returns promised the more greed takes over, huMANnatURE... Link to comment Share on other sites More sharing options...
bendejo Posted November 25, 2019 Share Posted November 25, 2019 It could be argued that any investment that pays back less than what the investor puts in is a Ponzi scheme. Consider the case of Theranos and Elizabeth Holmes Does having people like Henry Kissinger and George Schultz on the board legitimize it? Link to comment Share on other sites More sharing options...
Nkpjed Posted November 25, 2019 Share Posted November 25, 2019 They needed a survey to figure that out??!!! 1 Link to comment Share on other sites More sharing options...
sushidoona Posted November 25, 2019 Share Posted November 25, 2019 Greed is rather a broad brush to tarnish these folks with. The reasons for wanting to get ahead are many and tied in with the fundamental need for security. Sure there will be people attracted by the touted (and usually ridiculous) rates of return, but the schemes are often cleverly marketed. They catch many people off-guard, sometimes at a vulnerable moment in their lives. Apart from a wider educational outreach to the population, the con-artists who develop and sell these schemes should be the focus of our ire. Gloating is not a virtue. 1 Link to comment Share on other sites More sharing options...
samsensam Posted November 25, 2019 Share Posted November 25, 2019 Greed main reason for people falling prey to Ponzi schemes crikey, wonder how long it took that merry band of researchers to work that one out... i assume they were suitably rewarded for this ground breaking discovery. Link to comment Share on other sites More sharing options...
PatOngo Posted November 25, 2019 Share Posted November 25, 2019 1 hour ago, ThaiFelix said: They dont teach Buddhism in Thailand, well not the real ethical system that is. Even the monks havnt a clue. No, it's been replaced by Bahtism! Link to comment Share on other sites More sharing options...
Mac98 Posted November 25, 2019 Share Posted November 25, 2019 Yes, let's blame the dupes. The ponzi artists are just saintly businessmen. That would cone straight from the books at Trump University, before it was shut down by the cops. Link to comment Share on other sites More sharing options...
overherebc Posted November 25, 2019 Share Posted November 25, 2019 43 minutes ago, sushidoona said: Greed is rather a broad brush to tarnish these folks with. The reasons for wanting to get ahead are many and tied in with the fundamental need for security. Sure there will be people attracted by the touted (and usually ridiculous) rates of return, but the schemes are often cleverly marketed. They catch many people off-guard, sometimes at a vulnerable moment in their lives. Apart from a wider educational outreach to the population, the con-artists who develop and sell these schemes should be the focus of our ire. Gloating is not a virtue. Ask your average punter the following. If you were offered 1,000,000 cash or 1 today 2 the next day 4 the next 8 the next and so on for a month. See which one they go for. Link to comment Share on other sites More sharing options...
Dumbastheycome Posted November 25, 2019 Share Posted November 25, 2019 "Commenting on the factors that led to people falling for pyramid schemes, the survey showed that in 47.7 per cent of cases, it was motivated by greed. Some 28.6 were lured by promises of higher returns than normal and some 10 per cent wanted quick results. " To me that translates into 100% motivation by the above. The remaining 13% may be excused for being unwitting funders for the above. 1 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted November 25, 2019 Share Posted November 25, 2019 Not only greed, but also lack of education! Keeping people uninformed, uneducated, unworldly, but indoctrinated, is, IMHO, at least as much to blame as greed. 1 Link to comment Share on other sites More sharing options...
Fred white Posted November 25, 2019 Share Posted November 25, 2019 7 hours ago, bkk6060 said: Sorry, kind of a dumb sorry. Like saying most people eat because they are hungry. Greed? Geez, why else? Being forced by a govt Link to comment Share on other sites More sharing options...
tgw Posted November 25, 2019 Share Posted November 25, 2019 2 hours ago, kohlenkutscher said: That's right, that's why I do not invest in real estate In all fairness, real estate can be good - one rule only: buy cheap. any rental income guarantees or other guarantees are not worth anything unless guaranteed by an large insurance company or a bank. Link to comment Share on other sites More sharing options...
lordblackader Posted November 25, 2019 Share Posted November 25, 2019 In other news, Bangkok survey published by The Nation found that 95.7% thought rain is wet and that the sky is blue. 1 Link to comment Share on other sites More sharing options...
Assurancetourix Posted November 25, 2019 Share Posted November 25, 2019 7 hours ago, sunnyboy2018 said: One reason is that most people are decent and trustworthy so they trust people. Another reason is low interest rates in banks so people look elsewhere for investments. If there is low interest in the banks, maybe there is/are an/many international reason(s) ? In some european countries the interest are negatives ! But to ask someone who wants at all costs to recover enormous interest as pissing in a violin, it will do the same. Link to comment Share on other sites More sharing options...
poohy Posted November 25, 2019 Share Posted November 25, 2019 I have some "cure all " snake oil to sell only limited supplies left 1 Link to comment Share on other sites More sharing options...
sawadee1947 Posted November 25, 2019 Share Posted November 25, 2019 This survey would have probably very similar results in most countries not only Thailand. ???? 1 Link to comment Share on other sites More sharing options...
shy coconut Posted November 25, 2019 Share Posted November 25, 2019 4 hours ago, ThaiFelix said: They dont teach Buddhism in Thailand, well not the real ethical system that is. Even the monks havnt a clue. I like the Thai version as you get the mysticism, temples AND pork chops. All that pure Buddha stuff I leave to the devoted. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted November 25, 2019 Share Posted November 25, 2019 12 hours ago, webfact said: Greed main reason for people falling prey to Ponzi schemes: survey The only reason! Link to comment Share on other sites More sharing options...
fuzzie Posted November 25, 2019 Share Posted November 25, 2019 If it sounds to good to be true, then it's not true. simples Link to comment Share on other sites More sharing options...
sunnyboy2018 Posted November 25, 2019 Share Posted November 25, 2019 13 hours ago, PatOngo said: Hardly what Buddha taught, is it! What is the point of crass comments? Is it to attack Thais or attack Buddhism? Or are you suggesting other beliefs have nobody who strays from the path. Greed is one of 7 deadly sins recognised by Christians yet some Christians are greedy. Do you make the same comments about Christians, Jews, Hindus, Muslims, atheists etc or do you just criticize thais and Thailand? Link to comment Share on other sites More sharing options...
sunnyboy2018 Posted November 25, 2019 Share Posted November 25, 2019 3 hours ago, hotchilli said: The only reason! No. Gullible people are cheated by professional con artists. Link to comment Share on other sites More sharing options...
sirineou Posted November 25, 2019 Share Posted November 25, 2019 1 minute ago, sunnyboy2018 said: No. Gullible people are cheated by professional con artists. Greedy gullible people want to make a fast buck and profesional con artists cheat them. 1 Link to comment Share on other sites More sharing options...
Roy Baht Posted November 25, 2019 Share Posted November 25, 2019 (edited) Actually from what I know of ponzi schemes there is more than just greed involved. There is also an indifference to the losses of others as long as you make your money. I know people who knowingly get into ponzi schemes as long as they can get in at the beginning, make their money & get out before the house of cards collapses. And these are people who have no problem inviting others into the scheme, promising them riches, and knowing full well--or just not giving a damn--that when the scheme collapses, they themselves will make money while the people they invited in will lose their shirts. So it's more than just greed. Edited November 25, 2019 by Roy Baht Link to comment Share on other sites More sharing options...
SiSePuede419 Posted November 25, 2019 Share Posted November 25, 2019 Me: That's a scam. A Ponzi Scheme. Dumb victim: I don't care if it's a scam, as long as I make money on it. Me: ¯\_(ツ)_/¯ Link to comment Share on other sites More sharing options...
HuskerDo Posted November 25, 2019 Share Posted November 25, 2019 19 hours ago, Thainesss said: I would say that deceptive liars trying to scam money out of people are the main reason for people falling prey so ponzi schemes. "deceptive liars"...... and this is in contrast to what? Honest liars? Link to comment Share on other sites More sharing options...
HuskerDo Posted November 25, 2019 Share Posted November 25, 2019 3 hours ago, sirineou said: Greedy gullible people want to make a fast buck and profesional con artists cheat them. Hello everyone. I hate Ponzi schemes but I wanted to let all of you know my passport, visa, clothes and all my money was just stolen. If you would be so kind as to send me 5,000 baht each then I'll be very grateful and always remember your generosity. It would be easier if you could just hand me the cash so be on the lookout for a guy in khaki shorts with a t-shirt and a ballcap. That will be me. When you hand me the cash use the code word "ponzi" so I'll know to pray for many blessing on you. 1 Link to comment Share on other sites More sharing options...
MeePeeMai Posted November 25, 2019 Share Posted November 25, 2019 39 minutes ago, HuskerDo said: Hello everyone. I hate Ponzi schemes but I wanted to let all of you know my passport, visa, clothes and all my money was just stolen. If you would be so kind as to send me 5,000 baht each then I'll be very grateful and always remember your generosity. It would be easier if you could just hand me the cash so be on the lookout for a guy in khaki shorts with a t-shirt and a ballcap. That will be me. When you hand me the cash use the code word "ponzi" so I'll know to pray for many blessing on you. I'd be more than happy to help a friend in need! I just need 1000 baht to fix my motorbike since I live way out in the country and it's my only means of transportation (and it's not running right now). You can either Paypal it to me or I can take a credit card number from you and I'll fix my bike and have your money for you in a flash! 1 Link to comment Share on other sites More sharing options...
oldhippy Posted November 25, 2019 Share Posted November 25, 2019 4 hours ago, sunnyboy2018 said: What is the point of crass comments? Is it to attack Thais or attack Buddhism? Or are you suggesting other beliefs have nobody who strays from the path. Greed is one of 7 deadly sins recognised by Christians yet some Christians are greedy. Do you make the same comments about Christians, Jews, Hindus, Muslims, atheists etc or do you just criticize thais and Thailand? QUOTE: Do you make the same comments about Christians, Jews, Hindus, Muslims, atheists etc or do you just criticize thais and Thailand? Personally, yes. I make the same comments about Christians, Jews, Hindus, Muslims, atheists etc. And no, I do not criticize only Thais and Thailand. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now