Tag Archives: Ponzi

Losers will be losers

That is the start of a weird trip. When you see winners, you will think of names like IBM and Microsoft. IBM I will leave alone, they have their own setting, one that does not sit well with me. That is their right and that does not make them a loser. They gave the world the Quantum computer, in 2019 IBM unveiled IBM Quantum System One, the world’s first integrated quantum computing system. That is the mark of a winner, something never seen before. IBM did it before, IBM will do it again. For me IBM does not seem the place to me and to them I am not the kind of person they desire. A mutual disinterest. This is fine, at some point one gives, the other one takes and vice versa. Microsoft became a loser, trying to protect themselves with spin after spin, yet the evidence is out there. Their ‘Tablet’ even with a keyboard never got close to what Apple had. Their  gaming solutions remained lagging behind Sony and Nintendo, what was the number 2 system became the number three system and will move to positions 4 and 5 soon enough. And then there was the web, Microsoft strong part, the web, their feigned strength. Surpassed by Amazon and his AWS until Microsoft became a no one. In my old mind Amazon should never have gotten that far, Microsoft dropped ball after ball and now Amazon leads that way, the way of the cloud and they are not done yet. But there is more. And this is why the path you were on was taken.

Elon Musk
Some call him (bad things), some see him as the second coming, some see him as a Midas in disguise, some see him as the next Steve Jobs. I see him as a Steve Midas. Like Steve Jobs he sees potential, he sees where the good stuff is and like Midas he turns that to gold. He will have successes and he will see failures. But overall there will be a lot more good then the other stuff. The mark of a winner. 

So when we see the news (at https://www.abc.net.au/news/2022-06-17/elon-musk-sued-for-367-billion-over-dogecoin-support/101162898) with the headline ‘Elon Musk sued by investor for $367 billion over ‘Dogecoin Crypto Pyramid Scheme’’ there are more papers all saying the same thing. The setting is “Keith Johnson, who says he lost money after investing in dogecoin, described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.”” You know what is weird? The way the media is milking it and protecting Keith Johnson. I have not seen ONE article telling us clearly who this Keith Johnson is. We merely get “Keith Johnson had claimed after losing all his money that “he was an American citizen defrauded by a Dogecoin Crypto Pyramid Scheme”” The media never got to the juice and they aren’t willing. It is so much more sexy to see Elon Musk bleed.

1. How much did Keith Johnson lose?
2. What evidence of a Ponzi scheme is there?
3. Who selected him as the spokesperson who lost money?

Not one media (I looked at dozens) give us these questions, the media is playing dumb, deaf and stupid all at the same time. It is the most vulgar of discriminations, they merely dislike Elon Musk.

Could this Johnson be correct? Well that is not impossible, but the FTC and all other kinds of institutions never raised that issue. And in all this, how much money did Elon Musk lose? The media did not mention that either did they? Perhaps he lost nothing, perhaps he made money by getting out in time and that is the stage of an investor. Invest, make money and cut your losses when it goes the wrong way. Crypto currency is one of the most volatile and most dangerous settings. People have asked me should they invest. I have always been clear. If you cannot afford to lose 100%, do not put it there. And this Johnson, or was it Keith Dick? Where did he invest in and how much did he exactly invest? What is his portfolio? The media is not giving us anything, are they?

The Dogecoin was at the maximum over the last 5 years $0.36, it fell to $0.078 today. The Bitcoin went from $82,556 to $27,684. Did anyone consider that the collapse of the Bitcoin would have fuelled fear in the Dogecoin too? Interesting that the media avoided that little hike. Then there is the stage that a loss of $55000 per coin beats the loss of $0.29 cents. But that might merely be me and all these parts have absolutely no setting towards the accusation of a Ponzi scheme. The setting of Keith Johnson seeking a limelight whore (as I personally see it) is staggering. He might be seeking the optimistic vagina (the vagina is always half full) with some participants. And the media is letting this happen. It is their digital currency, their clicks and they found the tool, the fact that  lot of them do not like Elon Musk is merely the icing on the cake. Yet when the scrolls unfold, when the truth and the facts come out, what excuse will the media give us? I see it as just another case of the media becoming obsolete. And as we see Elon Musk yet again being used, consider that he is the one creating a solution to houses having power, houses having electricity. In what universe did Keith Johnson amount to anything? He might have, but then the media did not inform us, did they?

So whilst we see the winners being under attack by losers who had no consideration of markets, of dangers and of dimensionality and there we see Keith Johnson and Microsoft align, one spins for as long as they can, hoping to find innovation, one spins a court case so that he can spin the fact that he never was anyone into a ‘fake champion of the people’. I see it as fake as he was self appointed, we see no evidence that he was ever anyone, the media seemingly has nothing. Do they?

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That first step

We have all heard it, the first step is admitting you have a problem. There is of course debate on WHAT the problem is. I am not any different. I hate stupidity, hypocorism and bot to mention short sighted issues. One of these issues is ‘Tax the rich’, we see all these stupid people screaming ‘tax the rich’ whilst the system is set, there is a tax system, there are tax laws and instead of all screaming to adjust the tax system we see the empty gesture to tax the rich, the rich do not care, they adhere to tax laws, so these laws will PROTECT them. Another issue was seen in ‘Greed and Law helping each other’, I wrote it on July 9th 2021 (at https://lawlordtobe.com/2021/07/09/greed-and-law-helping-each-other/). There I set out the short sighted setting of the Oxycontin setting. I wrote “Yes, there are culprits in this story. You see some sources give us that in 1996 316,000 prescriptions were dispensed, it grew to an impressive amount topping over 14 million prescriptions with an estimated value of $3,000,000,000. The issue we see everyone painting over is ‘prescriptions dispensed’, this is not something that a person can get, it needs a doctor and it needs a pharmacist.” You see there are laws and rules, and they were massively broken by doctors and pharmacists. So when do they go to court? 

It is Reuters who give us today (at https://www.reuters.com/legal/transactional/sacklers-near-deal-contribute-more-opioid-settlement-purdue-pharma-bankruptcy-2022-01-31/) the story of ‘Sacklers near deal to increase opioid settlement in Purdue bankruptcy’, I personally do not believe that members of the Sackler family who own Purdue Pharma LP were completely innocent, yet that is not the setting is it? SOMEONE handed a paper to dispense Oxycontin, a pharmacist handed over the drugs. Yet nearly all of them banked the money and did not ring the alarm bell (some really did that) and those who cashed in on 14,000,000 prescriptions? Why are they not in court? Members of the Sackler family cannot hand over prescriptions, they cannot dispense drugs to people, they can merely distribute to pharmacies. So I do not believe that they are completely innocent, but to go after them and not after the doctors and pharmacies is (as I personally see) immoral. 

Yes, I know that in Torts you go after the money.

So in that setting: “Jeff Bezos, I do believe you owe me $50,000,000 post taxation, pay up please!

But is any of that fair? You might say that fair has nothing to do with it and it is not incorrect but it is wrong. So when Reuters gives us “An agreement involving members of the Sackler family and several state attorneys general could potentially end a legal challenge that has prevented Purdue from exiting bankruptcy, and clear the way for a plan aimed at helping to abate the opioid crisis” my personal thoughts are wondering how many of these state attorney generals went after the doctors and the pharmacies? Justice handed in August 2021 a verdict, ‘Doctor Sentenced To More Than 15 Years In Prison For Conspiring To Distribute Thousands Of Oxycodone Pills Illegally’, there is no way in hell that only ONE doctor did that, so how many are serving 15 years? 

It is U.S. Attorney Audrey Strauss who gives us “Dr. Emmanuel Lambrakis wrote medically unnecessary prescriptions for thousands of oxycodone pills – an addictive and potentially fatal opiate.  Instead of abiding by his oath to ‘do no harm,’ Lambrakis pumped deadly drugs into the community.  Lambrakis put his own greed before his duties as a medical professional, and for that he will now spend a lengthy term in federal prison.” And as stated before, there is no way that there was merely one doctor guilty of that, in addition, there are truckloads of pharmacies that require the same amount of attention and that too is not being done to the degree it had to be done, it is my personal opinion that some state attorneys general’s were lazy and decided to go after the money, go for the easy conviction. Yes, the Sackler family benefitted, but who prescribed? Who handed them over? I see close to nothing on that. It is a simple tax the rich approach to a failing in law and a failing to observe the law and there are clearly a vast amount of doctors and pharmacies more guilty than any of the Sackler family. But we do not get to see that, do we?

As I see it, it started with that first step and the law has a problem, it cannot properly dispense justice to the wrongdoers. It merely went to the richest person and found them guilty. So what happens when it becomes about something more problematic? What happens when someone figures out that any Ponzi scheme can be done online handing the mess to Apple or perhaps Epic systems? So what happens when the hackers find the weakness in something like Nvidia’s GeForce Now service? What happens when 300,000,000 people lose $10-$35 and Epic goes ‘Not my Problem’, and Nvidia goes ‘We know nothing’? Who will end up with that bill of $3,000,000,000-$9,000,000,000 because the people will demand payment and as I see it the Justice departments will be globally clueless on how to proceed. The nice part here is that the court setting makes Apple automatically innocent, they had to open up the system and the people will merely lose their money. 

How a spindled world wide web we weave.

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