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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (151334)	9/27/2008 6:17:56 PM
From: neolib	Read Replies (1) \| Respond to of 306849

A grain of sand, to my knowledge, at present, has no marketability AFAIK, sand indeed has a value. It is used in all sorts of construction. You can easily go find the price of a ton of sand, then compute what one grain is worth. A rough estimate off the top of my head is 5 millionths of a cent. Yes but in the case which I believe you are citing, it wasn't the product itself, it was the company's claim that you would become rich selling it that made it illegal. The scheme otherwise, was really just an MLM. There is absolutely nothing wrong with the company claiming you would become rich selling their product. All MLM's claim that. The problem lay in the fact that the Fed's viewed the product as essentially a smokescreen for a simple Ponzi scheme. Indeed, in this case the product would have had some additional time kicker, in that the idiots signing up for it would actually be happy for awhile paying $70/month even if they never used their web hosting, because they were duped into thinking it actually had value. So this Ponzi scheme would have gone on a bit longer before collapsing. The product was plain and simple a deception so that the average person would not recognize a Ponzi scheme. It clearly works with some people.