Similar thing is with banks. If all people would like to take their money at the same time. Banks couldn't give you your money, cause they use it to give credits etc. to other people
Well banks also invest your money in bonds so they can pay you back and also the government will typically support major banks so they always have liquidity, but it's not like something like this will typically happen unless it's a huge recession
thats why it's haram or forbidden for Muslims to work and do stuff in the western, conventional bank. islam have better system about this bank thing. money shouldnt be traded. money is currency. not commodity.
@@DBT1007if Islam had better bank system then Wall street would sure as hell not be in America. The biggest reason rich Muslim exist is because of petrole, not banks
@@popcornpizza8869 Even if your friend came up to you and told you he would double your money you still probably wouldn't believe him, atleast not until he told you how he would do it
@@riddhirajbhattacharjya4441 Back when this happened, people had a lot more trust. These sorts of things didn't happen often, if ever. So it would be perfectly reasonable to trust Ponzi when it happened.
yeah banks can use government's printed money but this ponzi scheme thing is more perfectly the same with the cryptocurrency market where you don't make new money the only way to gain any growth is from other person's investments
the real problem is that those stamp coupon whatever things that he was buying did not have a large enough market for him to offload anywhere near enough money to profit from it! he was stuck with all of these coupons and no way to actually turn them back into cash so he just altogether stopped bothering with it and just kept the cash and then just yeah .. used other people's income in cash to pay his previous debts to give the illusion that he's actually increasing people's money and actually making profits!! now the term is more generally used to describe any pyramid scheme rip-off where someone is paying off old investors with new investors money coming in and ultimately defaults on the last and probably biggest group of investors.... and likely disappearing to a country without an extradition treaty!! lol 🤷🏼
Reminds me of a game on Roblox, called adopt me. It's very popular with scammers these days. So there's this scam that involves 2 scammers and 1 if not 10 victims, and then scammer1 says he'll double the money or item sent to him, and the victims don't believe him and call him out for scamming, and then scammer2 says let's give it a shot; and gives scammer1 an item or money, and scammer1 pretends to double it for scammer2, and scammer2 pretends to be all excited and then goes to pretend to give scammer1 something more valuable, and scammer1 pretends to double it so the victims here think "this must work" and they give scammer1 a valuable item and scammer1 doubles it and then they give scammer1 an even more valuable item then scammer1& scammer2 just leave the game. You can actually find 'how to scam kids' videos on TH-cam about this game alone; it's brutal.
That game is absolutely filled with scammers, and it’s so easy to do it most scams don’t even need 2 people the victim will just give the scammer everything after being told they’d double it
Him: "Have you every been involved in a ponzi scheme" Yes, I'm actually in jail rn with over 100 felonies for multiple murders, plane hijacking, train hijacking, varius amounts of taxfraud and constructing 12 ponzi schemes. Him: "Me too!"
![เบิ้ล ปทุมราช - อ้ายกินดอง น้องลาบงัว ft. สแน็ก อัจฉรีย์ [OFFICIAL MV]](http://i.ytimg.com/vi/-OK--KaSPcI/mqdefault.jpg)
Learn more with us! SmartNonsense.com 🌈
First reply lmao
Why does bro have 2 likes
Bro has 5 likes lol
4 comments?
@@hudayfi-qu2sn 5 you mean?
bro literally doubled it and gave it to the next person
"Keep it or double it to the next person?"
"Double it."
*96,642,940 dollars in debt* 💀
"Today, Jimmy and I will be asking random people at Walmart if they would rather have $5,000 or double it and give it to the next person!"
Cut it in half, and give it to the previous person
@@P4R5 Double it and give it to the previous person
😂😂
Bro spoke that family guy Italian 🤣🤣🤣
Che cosa?
Ponzi was Italian
@@acenownes7011 yeah but he did the bad accent
Ok
@@gacd2104 TU SE IMPATSO!!!
In another life, he’d have been a banker
He was a banker. This guy explained the ponzi scheme poorly.
More like a modern crypto company
🤦 I implore you not to allow YT or any social media (or even Wikipedia or chatgpt) be the basis of your knowledge of history….or perhaps anything.
@@newagain9964 What's your suggestion for learning history from a valid source?
@@EJK2099 well. There are things called books, FILLED with information. And real authors/researchers use copious sources to validate info/conclusions.
Bro tf is Logan Paul doin in 1919💀
Proof of time travelling!
Does Logan Paul steel?
@@Smithy31 Any proof of it?
Promoting po- prime 👍
@@silverlining4444 No he copper
"...Me too!"
💀
Yeah we all get into a Ponzi Scheme about once or twice a week
Pension funds.
American economy
That one really got me 😂
Similar thing is with banks. If all people would like to take their money at the same time. Banks couldn't give you your money, cause they use it to give credits etc. to other people
Well banks also invest your money in bonds so they can pay you back and also the government will typically support major banks so they always have liquidity, but it's not like something like this will typically happen unless it's a huge recession
That's why nobody puts their money into banks that aren't government insured
Everyone should do this
thats why it's haram or forbidden for Muslims to work and do stuff in the western, conventional bank.
islam have better system about this bank thing.
money shouldnt be traded. money is currency. not commodity.
@@DBT1007if Islam had better bank system then Wall street would sure as hell not be in America. The biggest reason rich Muslim exist is because of petrole, not banks
Actually pretty smart, if he didn’t get reported no one would’ve figured it out.
He would have been found out eventually because the base can't grow forever
@@davidy22 Yeah, it’s like a pyramid scheme.
And everyone but the peak of the pyramid would of Benfited. He's kinda like Robin hood
just like every other crime...
@@Fitzcrackers4preznot really, he was spending a lot and all ponzi schemes have to fall apart eventually, thats just how they work.
Imagine scheming so hard your name becomes cemented as the name of a whole genre of schemes.
if he'd just been more greedy and only promised a couple percent back per year, he'd have been a bank
Him: "Have you ever been in a ponzi scheme?"
Me: "Yes..."
Him: "Me too"
Me: "Hold on a minute..."
Him: "Have you ever been involved in a Ponzi scheme?"
Me: *says nothing*
Him: "Me too, so-"
Brooo sameeeeee lol
Pension schemes. They're called schemes, it's not even well hidden.
Watching dora be like :
i am not incriminating myself!
I too pay into Social Security
Bro invented "double it or give it to the next person"
"As it turns out, Dr. Li's ponzi scheme is actually quite illegal" - ytp outie innie algae by CS188
Home: " have you even been involved in a Ponzi scheme? " Me: " no. " Home: " me too "
So its basically “double it and give it to the next person”
Previous *
Its borrowing from Peter to pay Paul
literally what the entire market cryptocurrency is made off 😂
I wonder who was the first one to actually believe him and give him money
His friend..
@@popcornpizza8869 Even if your friend came up to you and told you he would double your money you still probably wouldn't believe him, atleast not until he told you how he would do it
@@riddhirajbhattacharjya4441 I mean in the video he says it was his friends who were the first customers, but I completely agree with you
@@riddhirajbhattacharjya4441 Back when this happened, people had a lot more trust. These sorts of things didn't happen often, if ever. So it would be perfectly reasonable to trust Ponzi when it happened.
@@therealevilmudbug Yeah that makes sense.
Not every other person was trying to scam you back in the day
Yeah, I'm involved in one right now. I have to pay into social security even though I'll never see it.
Blud still living in the past💀💀
"double it and give it to the next person"
"would you like 200 dollars?"
"half it and give it to the previous person"
I was involved in a Ponzi scheme, and I lost a lot.
isn't that just a bank without the federal government invlolved
yeah banks can use government's printed money
but this ponzi scheme thing is more perfectly the same with the cryptocurrency market where you don't make new money the only way to gain any growth is from other person's investments
“Have you ever been involved in a ponzi scheme?”
Me: “yes”
“Me too”
i said "no" bro said "me too" and went on to tell about the ponzi scheme
And that's why banks depend on the government to bail them out when everyone withdraws their money.
"You give me money and I double it and give to the next person "
"Have you ever been involved in a Ponzi scheme?"
Me: Yes
"Me too..."
Man broke the system
"Have you ever been involved in a Ponzi scheme?"
"Me too."
💀💀💀
“Have you ever been apart of a ponzi scheme”
YES
“Me too”
Tom Selleck is doing the same thing selling old people on the idea of reverse mortgages. 😡
the real problem is that those stamp coupon whatever things that he was buying did not have a large enough market for him to offload anywhere near enough money to profit from it!
he was stuck with all of these coupons and no way to actually turn them back into cash
so he just altogether stopped bothering with it and just kept the cash and then just yeah ..
used other people's income in cash to pay his previous debts to give the illusion that he's actually increasing people's money and actually making profits!!
now the term is more generally used to describe any pyramid scheme rip-off
where someone is paying off old investors with new investors money coming in and ultimately defaults on the last and probably biggest group of investors....
and likely disappearing to a country without an extradition treaty!! lol
🤷🏼
"Have you ever been involved in a ponzi scheme?"
"Yes."
"Me too."
"Wait what?"
man was playing runescape long before computers existed
*cough "social security" *cough
“Ever been involved in a Ponzi Scheme? Me too”
"Take it or double it and give it to the next person"
"Double it"
Are we just gonna ignore how he said "me too"🤣
I know like we gonna just inform that
yes, yes we are
"Have you ever been in a Ponzi Scheme?"
YES
"ME TOO"
Bro went through some hard times.💀
This dude said “me too” like everyone has been in one😂😂
"Hey scuzi , Boppity Booby"
-Ponzi guy
Literally sounds like how banks work.
Bro isn't this just banks 🗿
Henry: Have you ever been involved in a Ponzi scheme?
Me: Yes
Henry: Me too
I'm currently in a Ponzi scheme. It's called social security
My guy really said..Me too...but what is it? Lol I'm dying.
Henry: Have you ever been involved in a Ponzi Scheme?
Me: Yes, it involves Lunchables Pizzas.
Henry: Me too...
Thank you bro. 2024 is a hard year financially for me.
Have you ever been involved in a Ponzi scheme?
Yes
…Me Too!
I love when he says “me too” he says it to both yes and no answers
If it ain’t broke don’t fix it…
Unfortunately, Ponzi become broke af!
Have you ever been involved in a ponzi scheme
Me too 💀
Reminds me of a game on Roblox, called adopt me. It's very popular with scammers these days. So there's this scam that involves 2 scammers and 1 if not 10 victims, and then scammer1 says he'll double the money or item sent to him, and the victims don't believe him and call him out for scamming, and then scammer2 says let's give it a shot; and gives scammer1 an item or money, and scammer1 pretends to double it for scammer2, and scammer2 pretends to be all excited and then goes to pretend to give scammer1 something more valuable, and scammer1 pretends to double it so the victims here think "this must work" and they give scammer1 a valuable item and scammer1 doubles it and then they give scammer1 an even more valuable item then scammer1& scammer2 just leave the game. You can actually find 'how to scam kids' videos on TH-cam about this game alone; it's brutal.
That game is absolutely filled with scammers, and it’s so easy to do it most scams don’t even need 2 people the victim will just give the scammer everything after being told they’d double it
Literally dropshipping
A similar 'scam' happened with bank securities once.
Gotta love when the media actually did what they claim to do now.
the kid that reminded the teacher we had homework grew up to be the guy that ruined the scheme for everyone lol
“Have you ever been in a Ponzi Scheme? Me too.” 😂😂😂
“You ever been involved in a Ponzi scheme?”
Uh, no-
*“Me too”*
“Have you ever been in a Ponzi scheme?”
“Yes”
“Me too”
Best way to respond
that "me too" was so fucking smart.
It applies to anyone who ever paid Social Security Taxes, or deposited mony in a US bank.
Vintage “double it and give it to the next person”
That's how a scam runs. Its will make every one happy until someone pokes the system.
Yeah but he actually DID have a way of doubling their money.
😂😂😂😂😂😂😂YEAH THATS IT HE KNOWS WHAT ITS ABOUT!gett’n that good dough!
I just realized that these are stick figures with realistic items.
Bro really thought he was a TikTok influencer
I’m assuming he learned Italian from Peter Griffin 😂
No need! We got tom to explain it to the kids!
Living the American dream the mafia way 😮😮😮
"Me too" that made me pause for a sec
Bro just admitted to and dismissed his own sins so quick for the sake of story telling
I like these animations very much they are really goofy
and the Bernie Madoff was like ‘hold my beer’
Me: yes
Him: me too!
The clipt on the back of the card going across the screen during the beginning 💀
“Me too, but” lol
Yes, it is called pensionary system today
Its only a problem if it stops
Italian like Peter Griffin
Him: "Have you every been involved in a ponzi scheme"
Yes, I'm actually in jail rn with over 100 felonies for multiple murders, plane hijacking, train hijacking, varius amounts of taxfraud and constructing 12 ponzi schemes. Him: "Me too!"
It sounds more like a bank lending money hahaha
Bro expected us to say no at the start
"Me too." Bro what?
Him saying he’s been in a Ponzi scheme caught me off guard
Social Security?😳🤯
Man doubled it and gave it to the same person nice xD
Ok so all you gotta do is get in early and it’s free money 😁
Bro says “me too” 😂
"Foggin snitch"
-Ponzi
"me too, but what is it?" Heh heh heh heh
This is how banks work except without the giving double
-"yes"
-"me too"
Holy crap this is a genius idea!
Dang bro really just said “me too” after asking if you’ve ever been in a Ponzi scheme 💀
"you even been involved in a Pozi scheme? Me too!"
*yo hol up, run that sentence by me again...?*
Have you ever been involvedf in a Ponzi scheme?
*Bernard Madoff joined the chat.*
"Have you ever been involved in a Ponzi scheme?"
Americans paying into Social Security: 😬
If you ever get trapped in a ponzi scheme, pray that you were in the early birds.
Multi level marketing lol