🔺 Ponzi Scheme and Pyramid Scheme

🔺 Ponzi Scheme and Pyramid Scheme | How to avoid it?

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What is Ponzi scheme and pyramid scheme? What is the difference between them? How to avoid it? Learn Austrian Economics in a fun way!
00:00 Natalie’s story
01:27 The difference between Ponzi scheme and pyramid scheme
02:31 Various forms of schemes
04:06 What to watch out for
05:25 Summary
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#Economics #Capitalism #Finance
#EconClips
Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!
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Пікірлер: 16

@aadityas.9820 2 жыл бұрын

Thank you, glad to have your video releases back :)

@mkb6418 2 жыл бұрын

"Herd instinct is not advised in the stock market, fundamentals analysis is" sum up pretty clearly how it actually works.

@markcrawford5810 2 жыл бұрын

It's just like social security.

@RappingManualYT 2 жыл бұрын

This was so well-made! Love these animations. Mine are in self-development. You can show so much detail by animating an explainer! Don’t stop making these!

@EconClips 2 жыл бұрын

Thank you!

@physix9750 2 жыл бұрын

i know the speaker in irl btw :)) he is a good and awesome friend of mine :)

@Chibby-Chubby 2 жыл бұрын

I have been invited in two pyramid schemes while in high school. Back then I didn't know the meaning of a "pyramid scheme" but the work was overwhelming for a high school student compared to the promised benefits. What led me to leave both is that they recommend me to leave school so I can "better make money" and my laziness at the time did not like the idea of involving riends for things I was too lazy to do. Plus, what friends? I had no people I acknowledge to be "a true friend." I lasted for about 2 weeks, and was happy when I left because I did all the work and gained little from it.

@jebremocampo9194 2 жыл бұрын

My family invested in a pyramid scheme. We got burned. I was kid then. Now I know better and can smell one a feild away

@aadityas.9820 2 жыл бұрын

Same here

@NotRexButCaesar 2 жыл бұрын

I never knew that there was a difference between a Ponzi scheme and a pyramid scheme.

@austinbyrd4164 2 жыл бұрын

If savings were scarce, then pyramid/ponzi schemes would be significantly less common. People would park their money in secure sound assets & investments, or simply save.

@marunio435 2 жыл бұрын

What happened to the former lector? Did he fall under the Ponzi scheme?

@judasiscarrot8905 2 жыл бұрын

so basically bitcoin

@richierich8245 2 жыл бұрын

It's more like herd speculation.

@backalleyphilosophy4763 2 жыл бұрын

In what way? Bitcoin, or any crypto currency for that matter, doesn't even have an organization model (They're peer to peer networks) You have to not know what crypto currency even is to make this comparison.