With 1% daily profit (that you keep reinvesting every day), you would become a BILLIONAIRE after 5 years with a $100 investment. You would have $7.7 billion to be exact.
Initial investment : $100
Daily return on investment : 1.01
Days : 1825
Value at the end of investment : 77000291277
After 10 years the $100 investment would have grown to.. and hold on to your hat... $592.944.857.206.943.000.
That is 592 quadrillion dollars from just a $100 investment, or around 3.000 times as much money as the approximately 200 trillion dollars we have in circulation in the world today. This is obviously not sustainable, and if you can't see that, then you deserve to get scammed.
Hi bambarmia,
That’s a great post! I have found this world to be full of people who won’t listen to wisdom and reason. Let’s remember, it’s not so long ago witches were being burned at the stake for turning the milk sour.
Galileo was imprisoned for life for proving the Copernicus theory that the earth rotated around the sun. His judges, the inquisition, -supposedly wise and educated judges - were simply not prepared to listed to another opinion than their own.
At least these days we can publish what we think anonymously on the net, and the worst that can happen is getting flamed or sworn at by some equally anonymous trolls.
Most people have to learn the hard way. It’s the way of life. Mummy says to child, “don’t put your finger in the candle flame. It will hurt you.” Child puts finger in flame, and bursts into tears. Child learns lesson not to put finger in flame, but does not learn the lesson to listen to mummy. So the world will continue.
Eventually when we are old and wise we start to listen and learn from others, and thus reap the benefits of avoiding life’s pitfalls. You and I will never change the mind of those who have chosen to believe in the dream. Maybe that’s for the best because we will be relatively better off compared to them. They can be our slaves.
Anyway, many thanks for doing the maths on this to prove that it will come to an end, sooner or later.
For me it ends when the world runs out of fools with any money. I guess the more fools they ensnare, the less there are still to catch. Given the size already achieved, they must have got all the easy catches.
The sad part is they are doing this with door to door salesmen in places like Indonesia and Vietnam. Many poor housewives won’t have the education to assess the risks. I feel sorry for them. The salesmen, who, for the most part, don’t know it’s a scam, will be blamed and put on trial. The patsies who gave out their referral codes on youtube and social media will be charged with illegally promoting a ponzi-scheme and of having no securities licence.
The con-men at the top will get away scot-free, because they are impossible to identify.
