Thursday, 24 May 2012

The Bosses of 'Herbalife' have been robbing the Grameen Bank via its customers




Professor Muhammad Yunus is a Bangladeshi economist who, in 1976, attempted to tackle the problem of world-poverty by founding the Grameen Bank. This common-sense institution now distributes more than $100 millions of low interest, small (or micro-credit) loans annually, to persons (mostly women) without collateral, in order to help them to escape the poverty-trap by starting their own businesses and achieving financial self-sufficiency. Muhammad Yunus was awarded the Nobel Peace Prize in 2006, along with Grameen Bank, for their campaign to create economic and social development around the world. 


Muhammad Yunus U.S. President Barack Obama (R) presents the Medal of Freedom to Professor Muhammad Yunus, founder of the Grameen Bank, during a ceremony in the East Room of the White House August 12, 2009 in Washington, DC. Obama presented the medal, the highest civilian honor in the United States, to 16 recipients during the ceremony.

Amongst many other international awards, Muhammad Yunus received the Presidential Medal of Freedom from Barack Obama, in 2009.


Although technically it is not classified as a bank in the USA (because it can't accept deposits from the public), in 2008, Grameen America opened its first Branch in the New York borough of Queens. This was followed in 2009, with a branch in the South Side of Omaha, Nebraska, where almost all borrowers have been unemployed, women immigrants from Latin America. 




It has recently been reported that many of the poor women who received their initial $1500 loans from Grameen America in New York and Omaha, have been persuaded to pour this borrowed-cash into 'Herbalife' and other 'MLM income opportunity' frauds, believing that they were going to achieve total financial freedom through buying a quota of products each month whilst recruiting their friends and relatives to duplicate the same endless-chain plan. In this way, numerous empty stores in Omaha were transformed into so-called 'Herbalife Nutrition Clubs.' These were typically draped with green curtains and decorated with posters of soccer stars who play for clubs sponsored by 'Herbalife.' Sadly, a number of these so-called 'Herbalife Clubs' have already vanished and the loans which were used to create them, have not been repaid.


'Herbalife income opportunity' propaganda  from the UK

In reality, all so-called 'MLM income opportunies' have been dissimulated closed-market swindles (i.e. without a significant or sustainable source of revenue other than that deriving from their own contributing participants, due to the fact that 'MLM' products have always been effectively-unsaleable on the open market). Classically, other than an insignificant minority of schills at the top of these pyramids, all so-called 'MLM income opportunities,' have had an 100% rolling loss/churn rate, whilst this key-information has been deliberately hidden from the public by their instigators.




Until recently the Grameen Bank has operated a policy of trusting its clients to make their own choice of business. However, for obvious reasons, certain Grameen staff have belatedly begun to advise their American borrowers not to get involved with 'Herbalife' in particular, and  with 'MLM' in general.

http://online.barrons.com/article/SB50001424053111904370004577390241476503930.html#articleTabs_article%3D1




It is interesting to note that the US federal government's Small Business Administration (without actually naming any so-called 'MLM' companies, because that is forbidden by law) specifically lists all 'pyramid sales plans' as being ineligible for financial assistance; describing them as:


... 'plans, where a participant's primary incentive is based on the sales made by an ever-increasing number of participants. Such products as cosmetics, household goods, and other soft goods lend themselves to this type of business.'


David Brear (copyright 2012)

1 comment:

Peter said...

If you don't know Hindi Shya, just get lost and stop blogging, You are an Indian you fool by Born or what??? Were you born in Shri Lanka?? hahaha..

Stupid fellow, at this time you have created a controversies, at one place this country is fighting to Kill Un employment and at the other End, Brain Less like you have put a Question Mark on the Future of more than 3,000 employees of Nmart who earn more than 5,000 a Month to run their Houses.. Bull Shit Bull Shit Bull Shit

People like you, should Join TEAM ANNA, they give free Food too.. If you think you have done something nice, just Get up, look your Damn face in the Mirror, and Ask Yourself, how many Kids, How many families will crave for their Salaries this month to feed their families? ever thought of that??? No you never nor your SP have ever thought, do you know that India is the only country these days who is fighting for the economic growth??????? and due to you kind of people, more people will become jobless, homeless and food less.. Just think, your own Kids are asking to get a glass of milk and you have't been paid for this month, you don't have 2 rupees to buy a milk for them.. ever thought of that? there are families like these who are working at Nmart, you have spoiled their days, their month and their hunger..

You might be a crore pati or millionaire, but not every man or woman who work at Nmart are, you speak of Speakasia, you have tried to close the company and guess what??? You have nabbed the throat of the company through that many people who invested money in that, they just died, their money just went to the Govt., in fact you are the one who is responsible to spoil the working lives of poor people, you don't see Future cuz you can't see it, you don't see how many people earn, how many people buy products free every month just to get their expenses lowered, what do you say?? don't you run to sip a cup of tea or coffee just when you get that free?? Don't say no as no one is true by heart, not even you, not even Anna.

When you wake up tomorrow, Go to the Mirror, look at your face, and ask, How many families have you feeded yesterday and how many you will feed today, how many families will you be able to feed them whose lives you are just rolling them by creating these un employments...

Else, i believe God is in everyone, the moment the God will knock the doors of your Heart, you will be the one to see the world, else your are just a dead man, born to spoil the lives of others.

For me, You have spoiled my life at this Date.. Will meet you some day.