Arzel
March 20th, 2005, 03:11 AM
Here is the link to the YMMSS article in the Vincennes Sun-Commercial. Ironically YMMSS was started in Vincennes (Indiana). Although he doesn't come right out and say YMMSS is a pryamid (it sounds like he has some friends involved), he doesn't quite give it his seal of approval.
http://www.suncommercial.com/articles/2005/03/19/columns/benjamin/benjamin.txt
The people over at YMMSS don't seem to really like his article all that much, and he even responded in their forums with the following quote.
Hi all, (from Randy Benjamin writer of the article mentioned in this thread[ymmss guest forums, not matrixwatch forums.])
Actually, I did read these [ymmss] 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- 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.
Apparently INVEST is a four letter word on the YMMSS forums as it is ******'ed out.
He points out a very important aspect of this scam regarding an investment of $320 turning into a billion in a short time (6 years of cycles @ appox 90 days). But then he doesn't go on to say in the article that this is just plain impossible. He does mention this in his reply post however. In any case it will be interesting to see what effect this has on YMMSS.
http://www.suncommercial.com/articles/2005/03/19/columns/benjamin/benjamin.txt
The people over at YMMSS don't seem to really like his article all that much, and he even responded in their forums with the following quote.
Hi all, (from Randy Benjamin writer of the article mentioned in this thread[ymmss guest forums, not matrixwatch forums.])
Actually, I did read these [ymmss] 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- 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.
Apparently INVEST is a four letter word on the YMMSS forums as it is ******'ed out.
He points out a very important aspect of this scam regarding an investment of $320 turning into a billion in a short time (6 years of cycles @ appox 90 days). But then he doesn't go on to say in the article that this is just plain impossible. He does mention this in his reply post however. In any case it will be interesting to see what effect this has on YMMSS.