Dan’s Commentary: My personal opinion on what’s going on in the world as I see it:
I’m finally home after spending the past 2 weeks on the road and a wretched travel day today, but a couple things that I’ve encountered on the forums as well as in NYC bothered me enough to get it off my chest tonight.
1. What is it exactly with the obsession in the various communities in NYC and pyramid schemes and thinly disguised MLMs that serve no business purpose other than enriching people at the top of the pyramid? Regardless of what brainwashed people will sell you, real products and services sell themselves without needing to create scammy pyramid structures.
Did people not learn their lesson from past frauds or better yet from Madoff himself?
Sure, people that get in these things early may make money, but that money comes at the expense of everyone later on that will lose everything when the next scheme goes bankrupt. Is that stolen money really something that you want to have in your pocket?
It’s shameful. And even more shameful that local institutions are encouraging it time and time again. It’s time for people to speak out against it.
2. There were ads everywhere promising people cash for letting companies apply for several credit cards in your name with your personal information. They even encourage you to get your entire synagogue to fork over their social security numbers as a fundraising project.
I mean are you kidding me with this stuff?
First of all why in the world would you ever give someone else your social security number together with all of your personal financial and security information? Do you have any idea what kind of damage can be done if that winds up in the wrong hands or if there is just one careless or malevolent employee??
Equally worrisome is that these companies are creating spend in shady ways so quickly that it’s causing people’s accounts to be shut down or blacklisted. Several people have told me they’ve run into such issues.
Folks, if you can’t grasp the credit card concept don’t just outsource it to a fly-by-night advertiser. Find a friend who understands the concepts and ask for help, read posts I’ve made here, or start browsing DDF and find answers there.
There’s simply no excuse for that kind of laziness and carelessness.