I am a small investor and I review MLM/Networking businesses in the Philippines, In this video, I interviewed the leading MLM Expert in the world, Robert L. FitzPatrick. As an investor, it is important he educates me about the dangers and history of MLMs, Pyramid Schemes, and Network Marketing.
He wrote the books False Profits and he just published Ponzinomics, The Untold Story of Multi-Level Marketing. He has been studying MLMs for the past 20+ years and has been retained as an expert in big cases like Amway, Herbalife and 33 others. He was also featured in various media including the Last Week Tonight by John Oliver, the documentary Betting on Zero, The Dream Podcast and YT channel Coffeezilla.
He will answer the question, Is MLM really a scam? Once and for all. He explained why he was immersed in studying Pyramid Schemes and MLMs, his advocacy, and explains our burning questions about MLM. There will be a Part 2 next Monday so stay tuned.
Who is Robert L. Fitzpatrick: 00:28
Why and how he chose to study Pyramid Schemes and MLMs: 01:07
What is MLM? 04:20
What is Ponzinomics? 07:04
Why and How MLMs lure people? 08:48
Why MLM does not work: 11:44
How MLMs Suppress our Critical Thinking: 13:45
What Would Save Somebody from Falling into MLMs: 14:05
Why are MLMs called a Delusion: 14:35
How MLMs use our own Prejudice to Lure us: 17:21
Is MLM a Cult? 20:48
How MLMs Use Half Truths to Mislead Us: 22:13
Why Professionals with High Paying Jobs also get sucked into MLM: 23:14
How MLMs Destroy Relationships: 24:40
How MLMs train you to LIE (Kape Tayo): 27:17
What is the Truth About MLMs: 29:49
Coming Up in Part 2: 31:51
ROBERT’S WEBSITE: https://pyramidschemealert.org/
IF YOU WANT TO BUT THE PONZINOMICS BOOK: https://amzn.to/3bMbEuv
FALSE PROFITS BOOK: https://amzn.to/3bL2nTq
60 MINUTES INTERVIEW: https://youtu.be/Ydx6cxDS1JU
LAST WEEK TONIGHT BY JOHN OLIVER MLM: https://youtu.be/s6MwGeOm8iI
BETTING ON ZERO: https://www.youtube.com/watch?v=NBmlMa6RCV4
THE DREAM PODCAST: https://youtu.be/r7Qwy3fl27o
COFFEEZILLA THE HISTORY OF MLMS: https://youtu.be/X-p0G4FEMMg
GIVEAWAY MECHANICS: Just comment PONZINOMICS in the comment section. The deadline is March 29, 2021. I will pick 10 winners, I will choose 5 winners in this video and 5 in Part 2, but the prizes are still in the Balikbayan Box so you still have to wait a month or 2.
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What the FTC says about MLM:
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DISCLAIMER: This channel is an exercise in free speech with an intention of public education. The conclusions and declarations are the opinion of the content creator. Nothing in the channel constitutes a claim that any referenced person or company is a criminal or illegal enterprise within the framework of current law and law enforcement. Scams, bad business opportunities, bad investment, and shady are subjective terms that mean different things to different people.
This video does not constitute and is not intended as advice or recommendation regarding investment decisions or strategies. It is not intended to cause any actions by individual consumers other than to consider the information provided. The information contained in this video has been obtained from sources that are publicly available and which the creator believes to be reliable. Some data cited in the report are estimates based on relevant available information.
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