Pyramid scam, Amman no futures

My sense is that everyone, except maybe the smallest investors, knew there was something irregular or illegal in this venture, and that it was bound to fail. But they didn’t seem to mind making a quick profit while the money lasted, probably thinking they would be able to get out before the collapse. They seemed confident that their inside connections would protect them. That’s the way a premodern society works.

Amman Futures, Inflation of Trust

Pagadian city is reeling from the typhoon Amman Futures that visited them since January engulfing many to thy kingdoms come. More of this will unfold in the coming days. Heads will roll, some committed suicide, what will be the next. The future is just unfolding. Click below. Gullibility is relative. Its opposite is not cleverness but the inability to trust. Between the two poles lies a wide range of individual types who make decisions based on a combination of instinct, solid information and firm guarantees. We all belong to any of those types, as do most of Pagadian City’s small savers. As it usually happens, the higher the returns, the greater the risks—meaning, there is little information to go by and no guarantees. In such situations, one tends to go by one’s instincts and the assurances of people whose judgment we trust.

Amman Futures Pyramid Scam

Bring at last 2 newspaper clippings on 29th, 30th November. Subject matter is about the recent Amman Futures Pyramid scam. In a group of 5, discuss the article and submit a paper on why people get duped with this kind of proposal. One page only on bulletized format. All in word-processing format. Short bond paper. Write your group members, you section and schedule. Clippings will be submitted. State the date of your clippings and source.