and a blessed Thanksgiving to all...
This link that I am posting below is from the BBC website. It's a first hand take on the money pyramids that have just bottomed out in Colombia. Many people, mostly poor families, have been placing their money (sometimes all of their savings, or even money they borrow) into these "investment companies" that promise to return double (or more) of what the people put in (I'm not sure what these companies do, but they are possibly drug dealers or something similar, that need fast cash and can afford to give more back to people later). For someone who is struggling to make ends meet, this investment probably sounds like a great idea. And I have heard of many people who did get what was promised, and bought new TVs or stereos, etc. However, a few weeks ago, these companies started having problems. There was such a high demand, and they didn't have enough supply. So while some people only lost some money, others lost their entire life savings, or money that wasn't even theirs. Three people have killed themselves because of this. It's really sad and unfortunate.
On my walk to work, about a block from my house, I started noticing (about a month ago) people lining up around the block waiting to get in this nondescript building. I wondered what it was, but didn't really think much of it. Now all of the storefronts like this have been barricaded and guarded by police for a week. Anyways, this link from BBC shows a first hand account from someone who only invested a small amount of money.
I heard a joke today from a Colombian co-worker of mine. He said,
Q: "What is the difference between Egyptian pyramids and Colombian pyramids?"
A: The Egyptian pyramids were built by camels and the Colombian pyramids were built by hogs.
So although people can joke about it, it's still a hard reality to know that people have lost all of their savings, and now have even more problems than they already did.
Anyways, on this Thanksgiving, I am thankful to be blessed with more than enough resources, a stable government, and loving people as family and friends : )
Happy Thanksgiving everyone.