NATHAN'S NEWSPAPER Issue for 2009 August 16th Released LATE on 2009 August 18th
POSTCARD PONZI SCHEME AT LARGE! Smartz Systems reportedly mailed a postcard for its get-rich-quick scheme to every home in the USA. Be wary the recipient. Just reading the details printed on the back of the card, and by putting two and two together, one can quickly realize what Smartz is offering: a ponzi scheme to get entangled in. The postcard arrives in the mail just like any other piece of junk mail, and almost doesn't stand out. But once you read it, you quickly notice the words printed at the top: "$5.00 TO FINANCIAL SUCCESS!" Sounds too good to be true, doesn't it? Well, if it sounds too good to be true, it's probably a scam. Then the card says "No products to buy and sell - simply use this postcard to INTRODUCE PEOPLE TO OUR COMPANY AND WE DO EVERYTHING ELSE" (pancapitalization mine), which pretty much informs you that it's a Ponzi scheme. If you do not sell anything, and you work at home, then WTF are you doing?!?!?! If you are putting five dollars into a system in which you invite fifty people to put into as well, and earn ten dollars (N.B. - they actually didn't give a payout percentage, so the figure is hypothetical) from what those fifty paid paid to Smartz Systems, then the sad truth, my friend, is that you've just been conned by a student of Charles Ponzi, Bernie Madoff, and the like... So what I'm trying to get at is: BE CAREFUL. If you receive such a postcard, THROW IT OUT. Or send it, along with a copy of this newspaper (or a clipping thereof) to the SEC and the FTC so they can begin an investigation of this business (and model) of unknown legality. SMARTZ SYSTEMS READ THIS BEFORE SUING: I am exercising my First Amendment rights to free speech. If you sue, I will expose you in the courts!
Zine Distro Looking for Submssions! A Bird in the Hand Zine Distro is looking for submissions. That's because they are planning and looking forward to expanding their market share, or possibly their readership. All businesses must expand in order to survive. Bird In The Hand is a large zine distro, and has its own website as well as a Wordpress.com blog. I visited the distro website and blog today while on a quest for a zine distro to handle my current zine project, a space exploration-turned-inner realization and spiritual enlightenment zine called "Staircase 2 the Stars". I am impressed by this organization, and plan to submit my zine. How about you?
Book Review: Adam Smith's The Wealth of Nations Adam Smith's THE WEALTH OF NATIONS is a good book. It covers economic principles such as supply and demand, division of labor, and competition for scarce resources such as raw materials as well as competition for physically-limited customer demand. The principles were relevant in Smith's time, as they are now. Adam Smith is the quintessential 18th Century economist, and all economists coming after him (as well as all entrepreneurs and business managers) owe their occupations to this great work of his. THE WEALTH OF NATIONS begins with a book on the division of labor, then delves into deeper subjects such as supply and demand (which is nowadays the first thing taught in Econ 101 classes) and then into business models and the myriad reasons why governments should get the heck out of the marketplace. If you want to read a good book, read Adam Smith's THE WEALTH OF NATIONS today! Check it out from your local library! Works Cited Bird in the Hand Zine Distro, "Submit your zines!". http://zines.wordpress.com (Retrieved 16 Aug 2009). Smartz Systems, Postcard. El Paso: Smartz Systems, 2009. Smith, Adam, THE WEALTH OF NATIONS. Oxford: Oxford University Press, 1776-1993.
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