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1. Editor notes and ramblings Plus the truth about doublers
2. Traffic and list building tools
3. How to get yourself off this mailing list
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I promised David Congreave a fellow ezine publisher,
that I would publish this article in Novembers AKH ezine, I fully agree
with this attempt to spread the word about the illegality of these types
of programs. Please read it and if your of a mind please use the article
in your own ezine or on your website.
The Truth About Doublers
In 1919 Charles Ponzi invited business men and women to invest in his
business and promised to double their money. Returns were guaranteed.
Charles Ponzi recruited new investors and used their funds to pay earlier
investors. Unsustainable, the business eventually collapsed leaving a
great number of people with nothing to show for the funds they had
committed. Charles Ponzi was imprisoned and from that day, scams that
mimicked this approach became known as ‘ponzi schemes’.
In more recent times, many of these types of schemes go by the name of
‘Doublers’, ‘Triplers’, “Bubbles”, “Cyclers”, “Gifting” and other
variations. When this article uses the term ‘Doubler’ it is referring to a
scheme that operates in the same way as a ‘ponzi’ scheme. However, this
article is not suggesting that all schemes including the name ‘Doubler’
are ponzi schemes.
If you have joined, or are considering joining, a Doubler program, study
it carefully to see if it operates as a ponzi scheme.
Some ponzi schemes provide you with a product or service in exchange for
your investment in a bid to achieve the appearance of legitimacy. Don’t be
fooled! If a program promises all investors a complete return on their
investment without limiting the number of applicants, this program is
almost certain to collapse.
Legitimate enterprises will limit the number of investors or require
members to achieve their own sales. A legitimate enterprise will never
guarantee a profit.
Illegal
The laws of the country you live in may prohibit running, or investing in,
a ponzi scheme. Owning a ponzi scheme, investing in a ponzi scheme or
permitting a ponzi scheme to be promoted through your website or
advertising network, may be illegal.
Remember, ponzi schemes rarely use the word ‘ponzi’ in their name.
‘Doubler’, ‘Tripler’, ‘Cycler’ are all common euphemisms for this kind of
operation. Before investing in any program, examine it carefully to see
how income will be generated.
If you knowingly involve yourself with a ponzi scheme, you run the risk of
losing your investment, damaging your reputation, or even legal action.
Immoral
The modern Internet Marketer may well be familiar with Doubler programs
and how they operate.
Some Internet Marketers have written ill-advised articles that demonstrate
the best way to profit from Doublers without losing your investment.
Usually this runs along the lines of ‘join a program early and withdraw
your funds before the program collapses’, effectively using Doublers as a
form of gambling.
Putting aside the obvious financial risks of such an approach, this view
selfishly ignores the large number of people who will lose their
investment from the program.
When a Doubler program collapses, everyone who invested last loses their
investment. In some cases this can affect hundreds or even thousands of
people. Sadly, many of these will assume that it was the individual
program, rather than the concept, that was to blame and will try again
with a new program.
It doesn’t take a mathematical genius to work out that if you put any
number in a calculator and multiply the result by 2 over and over, the
number grows exponentially. Even the most avidly promoted Doubler will
collapse when the number of new investors required to sustain the program
becomes unachievable.
If you are tempted to speculate on these programs, please remember this
one important point:
The money you receive comes ultimately from the people that lose their
investment.
And, unlike gambling, many of these people were unaware that their
investment was at risk.
If you involve yourself with a Doubler program with full knowledge of how
they work, you are giving your approval to a fraudulent operation that is
tantamount to theft.
Would you steal your neighbours television set because they accidentally
left their front door unlocked? Would you knowingly purchase stolen goods?
If your answer is ‘Yes’ then this article probably means nothing to you.
If the answer is ‘No’ then ask yourself why you would give your approval
to a Doubler program.
If you are intelligent enough to understand how Doublers work, you are
intelligent enough to make an honest income online.
Build your own website. Provide an online service. Sell affiliate
products. There are a vast number of legitimate business opportunities
available to you without resorting to the underhand tactics used by
operators of Doubler programs.
If this article can persuade even a few people to leave these programs
alone, then it will have been worthwhile.
An initiative has been started to spread this message. If you agree with
the content of this article, please click the link below to find out how
you can help.
www.thenettle.com/doublers/truth2.html
Regards
Robert
