"Only paranoid survive"
"Ordinary artist copy, masters steal"
1. Archegos
Bill Hwang. Total loss: Hwang: $20 billion. Banks $10 billion
Losing $20 billion in two days. Hard to build easy to lose
2. Bernie Madoff
Bernie Madoff - $65 billion Ponzi scheme
3. Adani
$120 million loss. Who is right Andani or Hinderburg
4. Olympus
Olympus - Japan's biggest corporate fraud
5. Greensill + Adani + Credit Suiss
"Only the paranoid survive"
The early theme for this was Ponzi scheme. It satisfies the need to get rich scheme. It thrives because there are so many wanting to get rich fast. It creates wealth for the old user, who gets the income from new user. What happens if the world runs out of sucker?
The number of bitcoin is pegged at 21M vs unlimited printing of money for central bank
1. Uses the chain block system
2. This is supposed to be a digital currency managed by private person
3. A currency value has to be stable, but crypto value is anything but stable
4. Its value does not rise. It is a betting game. Income comes from the other person
who owned the currency before
5. The whole thing goes on for as long as there is a sucker
6. Get in early, and you will reap benefits
7. The more people buy it, the less it becomes a currency, the more its value fluctuates
8. Mining bitcoin consumes more energy than one country. One transaction consumes the same power as a household
It is a Ponzi scheme clothed in a digital clothing
Only the paranoid survive
This is a combination of scam, and robbery. It is as the name suggest, renting vehicle, and carnapping the rented vehicle. Recently, someone was caught and an officer of PNP was involved.
How to avoid: avoid the business. It is too risky
"Only the paranoid survive" Be careful of your business dealing, the world is full of trickery
There has been a number of well publicized scam in the Philippines:
1, KAPA scam ni Pastor Joel Apolinart Estimate na nakuha P50 billion
If it is too good to be true, then it is:
Some tell tale signs:
1. Higher salary
2. Personal email being used, use of social media
3. WFH, no experience required, many personal information required prior to info on the job;
4. Many tasks being required prior to job interviews
5. Money first for Physical exam, laptop etc.
Beware.
Dont fall for this. Invitation to like follow, heart
1. They post invitation sa FB
2. Then you access site
3. You are assigned tasks: like follow etc: Tiktok, fb, Lazada
4. Then you are assigned receiptionist and you join a gc
5. After you are paid, they ask you to invest first before new task
6. After you invest, you get kicked out of gc.
Variants: job opening, top up scam for daily wage paid tasks
Beware.
1. Kukunin G cash # ng victima
2. Tatanggap ng authentication code
3. Hihingin ang birthday mo at ng anak para mahulaan pin code
4. Pagkatapos, kukuha sa account mo.
Naisihan ka na. Scam completed
May version naman na naaksidente ang nanay anak mo at hihingi ng fund transfer