Definition, Disclaimer, Cover Image

Ponzinomics: noun / pän-zē-ˈnä-miks /  a pseudo-economic, all-encompassing, delusional belief system that promotes the swindle of a ponzi or pyramid scheme as a valid economic model that promises believers a fulfilling and financially rewarding way of life, complete with mission, values, leadership and worldview. The societal spread of Ponzinomics is necessarily accompanied by governmental collusion.

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 Disclaimer: Ponzinomics was independently researched and written solely by the author. It is an exercise in free speech with an intention of public education. The conclusions and declarations are the opinion of the author. Though the book attributes annual losses of hundreds of billions of dollars suffered by tens of millions of people to systematic deception within “multi-level marketing,” nothing in the book constitutes a claim that any referenced company is a criminal enterprise within the framework of current law and law enforcement.

While the book owes everything to the insights, work, and interest of many other people, the writing of the book was not requested by any other party or as part of any consultation agreement. Robert FitzPatrick does not currently own, to his knowledge has never owned, and has no plan ever to own an equity position in any multi-level marketing company. He has not received or ever received any compensation from any party contingent on future stock performance of any multi-level marketing company. This report 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 report has been obtained from sources that are publicly available and which the author believes to be reliable. Some data cited in the report are estimates based on relevant available information.

Cover Image:  “The Conjurer” by Hieronymos Bosch, approx.. 1496. Wikipedia’s treatment adequately provides its relevance to Ponzinomics: “Bosch depicts how people are fooled by lack of alertness and insight, creating a "spellbinding tension" … The conjurer on the right of the image captures his apt and diverse audience with a game of cups and balls. The central character and true focus of the image is the man of rank in the forefront who leans in and is fixed on the pearl in the conjurer's hand while unaware of being relieved of his money purse. Bosch depicts the conjurer as a common criminal, luring in the prey.”