Saturday 17 December 2016

MMM.... Noise getting too loud



Permit me to use the above heading as a working title for this piece. For the past few days, social media, in its usual fashion, has gone agog over the recent turn of event concerning #MMM. Some of us whom have been onlookers have been expecting this but not many expected it so soon.

But is that enough reason to ridicule or lampoon those that invested in the scheme?
I leave you to think through that for a while.

A few months ago, a colleague introduced the scheme to me. At first she wasn't making sense, so I decided to check it out. After reading through the introductory page on their site, I made the following deductions....

According to MMM,
1 + 1 is not equal to 2, rather 3
1 - 1 isn't 0 either, it is +3
MMM defies simple laws of mathematics and logic.

So, having made those deductions, I'm guessing you know what my conclusions were. When I raised the mavro thingi and it's working dynamics and authenticity with the said colleague, she tried everything she could to convince me but the more she tried, the more convinced I was.

I read a post recently where the writer said the Nigerian government allowed MMM to thrive as against China's reaction. Calling those whom are into the scheme all sorts of names. Perhaps, this is one of those moments we need to pause awhile and think for a second. Why now and not five or ten years ago? Why wouldn't it thrive when the economic situation has continued to drive people to the edge. MMM did not only thrive, but gave birth to other similar scheme. I remembered my assistant telling me about one iCharity scheme. I even received some broadcast messages on that.

Perhaps it hasn't occurred to some of you yet that the cost of living has tripled compared to five years ago. SMEs are folding up while the big companies are downsizing on staff strength. People are loosing jobs. Companies can no longer keep up with the high cost of production. Cost of living has increased but salaries haven't increased. How do you expect people to meet up?

MMM seem like money doubling which apparently God frown against but to some of those who invested in the scheme, they see it as an opportunity to make more money by lending. To them, they are offering assistance and by extension, they are getting rewarded for doing that. The reward according to them isn't coming directly from the person they assist but from the scheme. The scheme however doesn't have a central holding storage system, rather a direct transaction between parties.

People saw it as a business opportunity and like any other business, you either win or lose. Some of us were too scared to take the risk. While others who were brave enough decided to give it a shot. Some were lucky but for many, it's a different story.

I don't see the joke in people loosing money simply because the manner through which the money was lost is unacceptable. I don't know when people distress and pain have become a soothing balm for others. Since when did we derive joy in others fall?

For the record, I never supported #MMM. I recently discourage a colleague who told me she wanted to throw her money into it, because I feel it's fishy. But even at that, it's still not enough reason to lampoon or mock those that went into. Have you asked an average market woman if she still makes as much as she use to.

MMM noise is way too loud...it's becoming a deafening sound. It's time to turn down the volume.

#artkeemscribbles