|
The Dutch had a similar system running in the 1630s. There have been plenty of NZ examples too: ostriches, phone cards, investment plates and so on.
The formula is always the same. Take an item with no intrinsic value that is easy and cheap to produce. Create a market to trade in the item. Find some pretty stupid people and wow them into thinking this is the next big thing. Keep taking money from these stupid people until they run out at which point the market collapses.
Sure you can make money in these situations - just be careful to remember why and to not become one of the suckers who loses their shirt.
|