As the grand boom cycle is coming to an end, a silent hunting drama has quietly begun. In this world, there are two sayings that should be remembered by everyone: one is that people cannot obtain wealth beyond their own knowledge;The second is that if God wants it to perish, he must first make it mad. If we integrate these two sentences and refine the essence, we will only get four words in the end - Ponzi **!
Ponzi **, which can be called a cancer in the financial field, is the ancestor of the pyramid**. In China, this kind of ** is also known as "tearing down the east wall to make up the west wall" or "empty gloves white wolf", in short, it is to use the money of new investors to return to old investors, create the illusion of making money, and then defraud more investment. Many illegal pyramid schemes use this method to amass money. And the inventor of this deception turned out to be a speculative businessman named Charles Pontz.
The Italian-born speculator who lived in the century immigrated to the United States in 1903. In 1919, he began a devastating conspiracy to invest in a non-existent business, promising investors a 40% return on profits in just three months. The cunning Pounds uses the money of the new investors as a quick profit and pays the initial investors to lure more people into falling for it. Thanks to the strong returns on the upfront investment, Pounds attracted 30,000 investors in just seven months. The conspiracy lasted for a year before people who had been carried away by the interests came to their senses.
The term Ponzi was born in the 20s of the 20th century and was carried forward by Ponzi. However, the essence of this ** has existed for thousands of years. Even the three world-famous bubbles for hundreds of years still have a typical Ponzi core under the epidermis. 
On the world's financial stage, there have been three shocking bubble dramas, which appear on time every 100 years, as if they are the three major curses of the financial world. They are: the Dutch tulip bubble of the 17th century, which was the world's first asset madness;The 18th-century English South Sea Bubble, which left countless British families in trouble;The Mississippi bubble of the 19th century was a major stain on French financial history.
These three bubbles, like the palace-level work of the financial world, are essentially people's obsession with unrealistic investment returns. They lure people into fanatical fantasies about wealth, creating a large-scale herd effect. However, a bubble is a bubble after all, and once it bursts, it is a collapse of wealth. When the logic behind the investment target is exposed, when the gap between the commodity ** and the value is getting wider and wider, the legendary Ponzi ** will quietly breed. They are like a grand fireworks show, peaking at the brightest moments and then plunging into endless darkness in an instant.
Ponzi ** has three significant characteristics: first, the commitment of low risk and high return, which violates the basic law of investment;The second is to try to exaggerate the mystery of investment in order to create the image of "genius" or "expert";Third, the investment project seems to be a sure win. In the case of tulip bubbles, the most common tulip bulb** soars to outrageous proportions. For example, in 1637, tulips** soared to staggering levels, with a total increase of 5900%!A tulip called "Augustus Forever" sells for up to 6,700 guilders, which is enough money to buy a mansion in Amsterdam. However, the average Dutch income at the time was only 150 guilders per year. In order to buy a tulip bulb, people need to take on up to 44 years of debt, which is 14 years longer than the 30-year mortgage in China. If you want to own this flower bulb in advance, you will be saddled with debts for more than 50 years. Surprisingly, it was the bursting of the Dutch tulip bubble in 1637 that led to the tulips being more than 90% in just one year. By 1639, that is, two years later, some varieties of tulips had plummeted to the highest level of 0005%。
0.005% is not a simple 5%, but a huge difference of 5 out of 100,000;It means that if you spend $100,000 at the peak of the bubble, you may only be left with $5 two years later. Imagine that with the original 100,000 yuan, you might be able to buy a Honda Civic, but now you can only buy a bottle of Oriental leaves.
You once happily picked up your car at a 4S store, then walked out of the store and bought a bottle of Oriental Leaves from the vending machine and walked all the way home. Or, the original 1 million yuan can buy a Mercedes-Benz, but now there is only 50 yuan left, which is only enough for you to go to KFC for a simple lunch. Or, your original 10 million yuan is enough to buy a spacious three-bedroom apartment in Beijing, Shanghai, Guangzhou and Shenzhen, but now you only have 500 yuan left, which may allow you to buy a pair of Nike Air Force One discounted online and wear it to walk home happily.
When an asset bubble falls by more than 99%, it is no different from the essence of clearing and returning to zero. Going back 400 years to the Dutch tulip bubble, we can't help but think of today's air coins. Perhaps, history is not a simple repetition, but a variety of complex similarities that deduce not simple changes.
After saying that, the tulip bubble that fell to 5/100,000 can make you buy a family business car with the money you could only buy a set of pancakes. Let's talk about the bubble of the South Sea Company, which made the famous Sir Newton fall into doubt: in 1719, Britain** allowed the winning bond to be converted with the South Sea Company**. At the end of the same year, the removal of the South American ** barrier, coupled with the public's expectation of higher stock prices, facilitated the conversion of bonds to **, which in turn led to the rise of stock prices. In 1720, the South Sea Company undertook to receive all the national debt, and as a condition of the transaction,** to be repaid to the company year by year,** the company allowed the customer to purchase the company's new ** by installments (only 10% of the price for the first year). On 2 February, the UK House of Commons accepted the South Sea deal, which immediately jumped from £129 to £160;When the House of Lords also passed the bill, it rose by £390. Investors flocked to it, including more than half of the Senate and House of Representatives, and even the King couldn't resist it, subscribing for £100,000 worth of it. Due to the enthusiastic purchase, the supply exceeds the demand, and the company is soaring. From £128 per share in January to over £1,000 per share in July, an increase of 700% in six months. The next ** will wipe out the wealth of countless speculative investors. The wealth accumulated by Sir Newton in his life was also completely wiped out in the process of this Ponzi **.
Then Newton uttered the phrase, which is no less than the famous aphorism that shocked the world with the three laws—I can calculate the trajectory of the heavenly bodies, but it is difficult to predict the madness of human nature. Newton's 20,000 pounds at the time may not seem like much, but it is worth 73 million yuan today. The life savings of the physics master Newton, **Ponzi** wiped out his wealth, so that he almost collapsed on depression and other mental illnesses. As this economic cycle enters the early stage of recession and depression, all kinds of Ponzi ** under the irrational wave at the end of the boom have now begun to surface. Let countless investors' original mirage wealth dreams be drunk, and when they wake up from the dream, the class will fall and the wealth will be cleared.
In the moral precepts of both the East and the West, greed occupies a place, and even plays a pivotal role. Whether it is the seven deadly sins of arrogance, jealousy, anger, laziness, greed, gluttony, and lust in the West, or the five poisons of greed, ignorance, anger, slowness, and suspicion in the ancient Chinese studies of the East, greed is among them. This is enough to illustrate the pervasiveness and harmfulness of greed. Furthermore, many other evils and sins are derived from greed. For example, gluttony in the Seven Deadly Sins is essentially a manifestation of greed. In the same way, the anger in the five poisons is also because the desire for control is not satisfied, and it is inextricably linked to greed. Greed is a problem that cannot be ignored. We should reflect deeply and resolutely resist greed, so that we can truly move towards happiness and success.
Next, we're going to dive into the frothy Ponzi that's playing out all around us. How these ** have turned the lifelong wealth of many ordinary people into nothing. The harm of Ponzi to family wealth is extremely serious, and the degree of harm even exceeds that of **, second only to ** market;It is comparable to the degree of harm caused by the full leverage at the top of the house price. Countless people are like standing on the stage of Bo Du, chasing Ponzi ** with high leverage. It can turn your wealth to ashes, or it can leave your entire family in trouble, and it will be difficult for even three generations to turn over. In the absence of gifted wizards in the family, such an outcome seemed a foregone conclusion. Do you think your family can breed a genius like Musk or Warren Buffett?If you don't believe me, you might as well ask those gamblers who made up a down payment and leveraged six purses in first-tier cities between 2015 and 2020. They are burdened with debts of 5 million, 8 million, 12 million, and now their hearts are full of despair and collapse?The reason why they fall into madness is because they bet that the house price will always be **, and they don't believe that they will be the last stick before **.
In essence, the 2015-2020 real estate epic temptation is a complete Ponzi model, but the subject matter has been converted from the equity market and the fixed income market to the real estate market. The old godmother who has been a national goddess for decades invests in real estate and ends up in debt of 62.7 billion, causing the project to become an unfinished building, and all this has become a burden for the eldest son. The eldest son used his godmother's funds to invest in real estate, but the project ended in failure with a loss of 1.2 billion. They are also in the whirlpool of real estate Ponzi **, not only giving up the richest man in Guizhou, but also falling into a debt crisis. The speculators who chase after the unfinished buildings are the victims of the last baton of Ponzi's **. The real estate developer who gave up his original business and went to repair the building with a broken capital chain is also the funeral companion of the fireworks in the prosperous era of Ponzi's ** bubble. The power of Ponzi ** has made the wealth accumulated by the family of the national goddess "Lao Gan Ma" for decades go down the drain. This crit was full, so that its original share of the industry began to waver. Wu Xiubo, who plays the military master Sima Yi, is a first-class leader in the entertainment industry where people gather, not the first, at least the absolute T0 existence. Even if there are many people in the entertainment industry, if they come into contact with Sima Yi and Wu Xiubo, they will either die or be injured.
Falling in love or having an extramarital affair is usually just morally condemned. But Wu Xiubo's situation is extraordinary. Dating him or having an extramarital affair will not only lead to ruin, but also lead to jail time!Even if Wu Xiubo once took advantage of it, in the end, it was difficult to escape the clutches of Ponzi **. Ponzi ** is like an invisible blade, cutting his wealth to zero, and he is also burdened with huge debts. What's even more amazing is that this ** lasted for three whole years, causing his debt to accumulate as high as 46.6 billion.
The outbreak of Ponzi ** is like a storm, completely subverting the indestructible thinking system and ideological steel seal in people's hearts. It is like a huge black hole, devouring people's wealth, no matter how much it seems insignificant. When the debt crisis broke out in full swing, the flaws of Ponzi ** were exposed, and the three lids could not hide the truth of the 50 pots at all.
Ponzi ** is so dangerous that only by completely staying away from it can you really stay out of it. Therefore, we must always be vigilant and not easily believe in those seemingly attractive investment opportunities, so as not to fall into a difficult situation from which we cannot extricate ourselves.
There is a thought-provoking saying in the investment world: private trusts will never pit the poor, just like Mercedes-Benz is out of reach. However, I will tell you that Mercedes-Benz is simply ridiculous on a par with private trusts. Mercedes-Benz's A-class car only costs 200,000 yuan, while the threshold of private equity trust is as high as one million, which is like describing it as an S-class Mercedes-Benz.
Zhongzhi Group is undoubtedly one of the Ponzi ** representatives in the financial circle, and is nicknamed the zero harvester of rich wealth. Ponzi ** ruthlessly broke the boundary between high and low, Beijing, Shanghai, Guangzhou and Shenzhen do not believe in any tears, in front of it, everyone is equal. Just like the recent uproar about the "financial tea" incident, many ordinary people have fallen into it and can't extricate themselves. Whether your investment is 10,000 or 1 trillion, Ponzi can mercilessly bring your wealth to zero.
In addition to the low-net-worth and high-net-worth Ponzi ** target customer groups, there is also the main force of harvesting institutions - local bonds. A 7% discount on the principal of local debt repayment is only the tip of the iceberg, and many local debts may not even be able to repay the principal at a 3% discount in the future. After 40 years of economic prosperity, the wealth accumulated by a family and several generations of a family is not easy to come by. Therefore, we cannot allow unscrupulous people to plunder our wealth before the onset of winter. In times of economic prosperity, everyone seems to be well-informed and pleasant;However, in times of recession, the same people can become ill-intentioned, because poverty breeds extreme malice.
Human nature is as deep as the sea, complex and unpredictable, and as unpredictable as a kaleidoscope. Even the same person, in different times and situations, may show completely different faces, full of endless uncertainties. Therefore, what we should always trust most is our inner wisdom and judgment. In this world of Ponzi and debt crises, once the wealth in your hands is lost, it is very likely that it will never return. Therefore, we should cherish our wealth, make prudent decisions, and not be greedy. Please keep your money tightly guarded and don't let your wealth leave easily.