Rss Feed Tweeter button Facebook button Reddit button Linkedin button Delicious button Digg button Stumbleupon button Youtube button
Home » Featured Posts, Personal Development

The Biggest Ponzi Scheme Ever (nope not Madoff)

Written By: Patrick Ogunnaike on August 23, 2011 One Comment

This post is a bit of a departure from what I usually write about but it’s probably the most important post I’ve done so far and also the most potentially controversial.

Recently David Wood put out a great video on his blog (see here) that I have to say took a lot of courage to do.

Recently if you’ve been watching the news, which I don’t recommend you do more than once or twice a week for fear of your brain melting out your ears, everything we hear about is the US debt and the financial crises facing the world.

Apparently the whole world is in debt to itself? And somehow the whole world is on the brink of going broke?

Does that make any sense to you? Think about it.

Well in his video David went into great detail about the way our current monetary system works and how it’s pretty much a giant ponzi scheme.

Put simply money that the country prints is borrowed from the central banks at interest.

If that doesn’t already raise some alarm bells think about this, the money to pay the interest on these loans doesn’t exist.

If I’ve lost you, think about it this way.

Imagine there’s an island with a tribe of people living on it. They need to figure out a way to control and divide their resources so they decide to use shells as money. So they get a total of 1000 shells and divide them equally among the population.

Eventually, for one reason or another certain individuals realize that they don’t have enough shells to meet their needs so they borrow shells from their neighbours promising to pay back the initial loan plus a certain number of shells in interest.

This begins to occur more and more and before you know it just about everyone is in debt to everyone else. So if all 1000 shells have been loaned to everyone else and everyone has agreed to pay interest on the loans and for instance say the interest rate is 5%. Then they would need to have 1050 shells to pay back 1000 shells worth of loans. But wait a second the total number of shells in circulation is only 1000 so where will the 50 shells come from.

They don’t exist.

However what governments around the world do is even more insane, when they realize that the interest needed to pay back their debts doesn’t exist they just borrow more money which comes with more interest owed and so the ponzi scheme grows.

The reason I’m telling you all this is because there will come a time where the pyramid will collapse its inevitable and you need to understand this and prepare for it.

In the mean time what we have to do 2 very important things.

1)    Make money, enough to secure both you and your family. Make sure you’re not dependant on a job. I’m not demonizing jobs or anything, jobs are important but we all know that they’re not secure.

2)    Learn and be prepared for what’s coming. Again I have to clarify. I don’t mean go buy a bomb shelter I mean that you need to start educating yourself about alternatives and solutions to this problem.

And there are solutions.

One solution that I’m currently learning about and see tons of potential in is a revolutionary concept being proposed called a Resource Based Economy  (Click HERE to Learn More) which when understood is really a no brainer.

There’s a saying. You can’t solve a problem with the same thinking that created it.”

So I seriously doubt that we can solve our current problems still thinking in the same way that got us here in the first place. So at the end of the day we’re going to have to actually transcend the concept of money itself. Click HERE to learn understand what I’m talking about how and why this is the way to go.

The reality is that the concept of money is essentially obsolete at this point. It’s taken us as far us as far as we can go. With the technology that we have at hand and particularly with the internet we’ve entered into a new phase of society that I call Open Source.

From Wikipedia, Youtube and even Facebook are great examples of where things are going. A world where people can share ideas and technology for the benefit of all of us.

The old ideas of competition and scarcity mentalities are dying off and people are getting sick and tired of being jerked around by corrupt power hungry politicians and companies.

For those of us in the home-based business industry we tend to be on the cutting edge of a lot of these ideas.

We tend to be rebels not wanting to work essentially in servitude in jobs that we don’t get any fulfillment from.

When I was new to the industry and heard tales of people making $10,000/month and above and the idea of having a system that works for me so I can actually live my life, travel and truly be free, it was such a mind blowing experience.

But as I get older I realize more and more that what I really want isn’t the money it’s the freedom. In this system money buys you freedom but the reality is that everyone in the world wants freedom too not just us MLMers or internet marketers. We’re just the ones who have the courage to try to conquer the system.

But freedom for a small group of people does not and will never create a better world for everyone.

So at the end of the day my goal is to get you to ignore the propaganda that the system tries to feed us and really think outside  the box at what a real solution would look like that would create a truly free world.

To your Freedom,

PatrickOgunnaike.com

Tags: , , ,

Digg this!Add to del.icio.us!Stumble this!Add to Techorati!Share on Facebook!Seed Newsvine!Reddit!

Leave a Reply:

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

CommentLuv badge

 

Copyright © 2009 , All rights reserved.| Powered by WordPress| Simple Indy theme by India Fascinates