Ponzi schemes and financial literacy in Ghana

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• tegare 9 years ago

  financial literacy ? maybe that's why lehman brothers. and others collapsed not very long ago.
  so who on earth is financially literate when the whole PARTIAL RESERVE BANKING establishment is a ponzis scheme and a fraud.

  financial literacy ? maybe that's why lehman brothers. and others collapsed not very long ago.
  so who on earth is financially literate when the whole PARTIAL RESERVE BANKING establishment is a ponzis scheme and a fraud.

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• BlackC 9 years ago

  Part of a Ponzi scheme success is appearing legitimate. Madoff was a stockbroker, investment advisor and chairman with NASDAQ stock market. Also would help if other legitimate institutions would expose these Ponzi like entiti ...
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  Part of a Ponzi scheme success is appearing legitimate. Madoff was a stockbroker, investment advisor and chairman with NASDAQ stock market. Also would help if other legitimate institutions would expose these Ponzi like entities because they also have financial literacy also. It’s not their job but they work in the same sector.
  
  It is more than just financial literacy. It’s financial literacy actually penetrating and reaching the masses of Ghanaians that don’t have access to basic services. If DKM walks into my village and there’s no other banking around then DKM gets my business regardless of what the crazy percentage interest return is. I need somewhere to put my money without having to traverse miles on foot.

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