Mirror (non)Trading International 2 - The Fallout

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IndigoIdentity

IndigoIdentity

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Venator said:
Has it now been moved to an Amsterdam-based server?

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Cloudflare is the intermediary, it’s their server that’s in Amsterdam.

You using a VPN perhaps? It would explain why you’re being connected to that side of the world. Might just be technical issues on Cloudflares part though as it should show the server location as Cape Town.
 
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Wary GOM

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Waldman Jordaan said:
Unfortunately its not as simple as labelling people as being greedy. Yes like many they were probably naive and somehow people seem to expect more from seemingly successful people.

However, this year has created the perfect breeding ground for people to be caught up in schemes like these. The ridiculously low REPO rate has driven interest rates to the point where one wonders if its worth leaving ones saving in the bank. Lots of talk about banks being on shaky ground as it is.

Then people start getting desperate to get the most from what they have worked so hard to save and worry that what savings they do have is devaluing every day. I get that and can sympathize with your friends.

For us back in 2010 we had to park what was left of our pensions after heavy post 2008 losses (probably lost around 40+% of our pension fund value right there. Also decided to take it out of the Pension Fund, as government were talking about nationalizing Pension Funds back then already, etc.

Come to think of it, I'm actually blaming the Government. Yes I am. Government creates all of this instability and insecurity and we all have to flounder around and be fxckxd, whatever choice we make. Fxck you South African Government!
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Once more I can't just use an emoji to agree - every thing you say is so accurate.

Having saved and also invested pension money, I now sit with a rental property with tenants who have been destroyed by lockdown and simply cannot pay rent. Of course we can't even consider evicting them - it's not their fault that they have been retrenched, so goodbye that income. Savings now returning whatever low % it is so have to mine capital for living expenses.

Alternative investments are imperative before my cash-flow burns me out. I looked at a thing called Praesiduim Wealth and was suspicious. Was offered a "front row seat" in investing in Vaultage and it looked far too much like just giving away a crypto investment to someone who just sounded to public spirited to ring true. Then started looking at MTI last year and wasn't happy but also found the first part of this thread. SO I have been lucky but could probably have been scammed by someone cleverer than the 3 I avoided. That's why I have sympathy for people who go into schemes out of desperation and absolute disgust for the likes of Cheri et al.
 
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