Re: YMMSS in the news

[surfer]

Hey Dreamer,

Remember http://www.matrixwatch.org/forums/showpost.php?p=20592&postcount=179
about the article some members were looking forward to.

While it's hard to know if it was actually the real author
replying, he has replied to that thread at
www.ymforums.com/viewtopic.php?t=11829 with a reply
that I expect will be deleted or archived.

LOL, he even makes reference to paying off the national debt,
"borrowing" a bit off of one critics website. lol

It's also funny how some members, even one mod, didn't have
a problem mocking a fellow YMMSS member that invested some
money in a music project of the author's that hasn't panned out
yet.

Yeah, it's okay to mock and belittle others, but Heaven forbid
you ask for the real reason why cycle time keeps
increasing.

I'll try to remember to keep my eye on http://washtimesherald.com/
and http://www.suncommercial.com/columns this week to see if
there is indeed an article.

[MatrixWatch]

Here is that "response" from "Randy",

Hi all, (from Randy Benjamin writer of the article mentioned in this thread)

Actually, I did read these forums before I wrote that article, and NO, I didn't say the YMMSS is a MLM business. What I did say follows... (taken directly from the one of the many newspapers I write for)
________________________________

A few weeks ago I became aware of a different kind of Internet investing strategy. One that was started from right here in Vincennes. Again, from friends who were either already in it or were thinking about joining. It’s called, “Your Money Machine Success System or YMMSS.” You can find it at- www.ymmss.com.

The people running the business seem helpful, friendly, and courteous, but I’m not so sure about their business plan. The YMMSS original plan was to be able to double your money every 90 days or so. It’s over 150 days currently, and growing. I don’t have room here to explain just how they plan on doing this...log onto their website to find out. It’s pretty amazing.

It might be just a little too amazing. Here’s why. An initial one-time investment of only $320 (their top entry level position) doubling every 90 days for six years, would be worth over a billion dollars! Now there’s a way to pay for your child’s education.
_______________________________________

Only the first half of the article was on MLM businesses. I hope that everyone who is a member of YMMSS is successful. And I'm not trying to burst anyone's bubble. I just find it a little hard to believe that anyone with an extra $320 could become a billionare in as little as six years. But that's the power of doubling, and that's how the numbers work out.

I guess this was a mildly negative review, but only because the numbers just aren't possible to achieve in the real world. All of the people I've talked to in the YMMSS community have been very nice, and truly believe that YMMSS is going to make them rich. But when you start doubling thousands of positions, worth $320 dollars each...in a few years you could pay off the national debt!

It would be wonderful if we could only work 30 minutes a week, ***** a few hundred dollars, and ****** six years later as billionares...I'd settle for a few million. But there just isn't enough money in the word to support these kinds of numbers for very long. That's why the cycle time is growing.

The world is full of people who claim that something is impossible while someone else goes out and does it. So I hope I'm proved wrong.

As for the "music" venture that was mentioned...that wasn't something that I spent 30 minutes a week of my life on. I spent hundreds and hundreds of hours working on this project. And it may still be a commercial success. We all have our dreams...some of us just have to work a little harder to make them a reality.

Good luck to all of you in the YMMSS organization, I wish you well.

[Circuit]

Thanks. That made better sense of things.

I see it as an impossibility to satisfy the return to every investor. Granted, the biz is making money, and I'm sure quite a few have made a bit of money. But there is always a need for new monies to sustain what cannot sustain itself.

"The best laid plans..."

[optimistclub]

I've been corresponding with Randy and expressed disappointment with what he said in the advance copy (because I felt that he stopped short of saying what he really thought of this "business"). Unfortunately, like me, he was careful about saying what he really thought and hitting ymmss hard for fear of getting a visit from Kim's lawyers. When you've reaped the kind of money Kim's been making off ymmss members, it's easy to hire a few good lawyers to intimidate a newspaper correspondent probably with comparatively limited resources.

I hope Kim remembers that what comes around goes around...and that goes double for those who call themselves "Christian" and use that lable to gain trust and later steal from innocent victims... :nono:

[ycchen]

Visit by Kim's lawyer? Nah.. I don't think he would waste time and money hiring a lawyer to defence his scam. Trust me, Kim knows EXACTLY what he is doing. He is 1000% aware that he is scamming others with his well designed ponzi scheme. Thus, he will not sue anyone because the publicity of the lawsuit will accelerate the death of his ponzi. Beside, he will lost his lawsuit anyways.

Stay low profile and use his "Christian networks" to continue recruit newbies is probably the best (and only way) that Kim is going to keep the cash flow going.

Sadly, he is running out of options. The last option he has is to FORCE his loyal customers to donate donate and donate, as a way to slow down the cycling time. :shake:

[ComplexKid]

I'd say you don't know how bad it is, but you probably do. Like most ponzis, a whole lot of the folks there are ones who can't make a decent living--usually old age, disability, sick kid, spouse, parents to look after. Yeah, the typical gold game/ponzi crowd has found it too, but most of these people have never been involved in any kind of internet business before.

Before people were forbidden to talk about any sort of financial problems in the forum (it might scare away the newbies if they realised that many YMMSSers are not happy and prosperous), it was terrifying to hear some of the stories.

With the recent big increase in membership, I'd reckon that upwards of 80% of the members haven't got paid at all yet. And some of them have the ill-fortune to live in America--no health insurance, going without heat for the winter, some 'on hiatus' for lack of computer access.

They're being blamed because by putting aside ten or twenty bucks a month for YMMSS they 'overextended' themselves and therefore caused all their own hardships, and simultanously they're being blamed for the failure of the 'business' because they aren't doing their bit and buying enough EPCs now.

Does this particular bit of illogic strike anyone else as madness?

And these folks are the ones who are the wealthy market for...? at the fabled new advertisers' site.

I wouldn't worry too much about a visit from Kim's laywers. A lawsuit would involve opening the books, and I can guarantee that ain't gonna happen, at least not willingly.

And all of it reminds me why scammers suck so much.