Lesson:How a Ponzi Scheme works - Revision history

Solernevital at 12:42, 22 August 2015

2015-08-22T12:42:13Z

Gustavo: /* Conversation */

2014-05-05T21:59:29Z

Conversation

Mariana: /* Video */

2014-02-21T12:20:05Z

Video

Millateixeira at 14:44, 7 February 2014

2014-02-07T14:44:54Z

Alvaro: /* Conversation */

2013-08-15T18:33:52Z

Conversation

Gustavo at 19:08, 12 May 2013

2013-05-12T19:08:11Z

Gustavo: /* Vocabulary */

2013-05-03T17:53:14Z

Vocabulary

Gustavo at 17:52, 3 May 2013

2013-05-03T17:52:51Z

Gustavo: /* Writing practice */

2013-05-03T17:48:55Z

Writing practice

Gustavo at 17:42, 3 May 2013

2013-05-03T17:42:52Z

← Older revision		Revision as of 12:42, 22 August 2015
Line 66:		Line 66:
	}}		}}

−	[[Category:~~Awaiting review~~]]	+	[[Category:Core]]

@@ Line 10: / Line 10: @@
 #What percentage of people do you think gamble?
 #Do you think that those who own and run Ponzi Schemes are criminals?
-#Apart from the obvious reason of winning money, why do people gamble?
+#Apart from the obvious reason of making money, why do people gamble?
 #Should some forms of gambling be banned?
 #Do you bet? How often? What's the biggest bet you have ever placed?

@@ Line 39: / Line 39: @@
 Watch the following video but DON'T read the transcript yet.
-{{#ev:youtube|VXRkfqw67GE}}
+{{youtube|VXRkfqw67GE}}
 <br>
 After watching the video do this [[{{FULLPAGENAME}}/ExerciseL1 | listening exercise]].
@@ Line 45: / Line 45: @@
 <br>
 </div>
 ==Reading practice==

@@ Line 18: / Line 18: @@
 Look at the vocabulary below. Take time to explore the links for their definitions in English and their translations to Portuguese. When you are done, make a sentence with each word. Ask your teacher if you should write them down or say them out loud.
-:*[{{dic}}invest{{.com}} d] | [{{wr}}invest t] - invest
+{{Definition|invest}}
-:*[{{dic}}beat{{.com}} d] | [{{wr}}beat t] - beat
+{{Definition|beat}}
-:*[{{dic}}needless{{.com}} d] | [{{wr}}needless t] - needless
+{{Definition|needless}}
-:*[{{dic}}ecstatic{{.com}} d] | [{{wr}}ecstatic t] - ecstatic
+{{Definition|ecstatic}}
-:*[{{dic}}investor{{.com}} d] | [{{wr}}investor t] - investor
+{{Definition|investor}}
-:*[{{dic}}market{{.com}} d] | [{{wr}}market t] - market
+{{Definition|market}}
-:*[{{dic}}huge{{.com}} d] | [{{wr}}huge t] - huge
+{{Definition|huge}}
-:*[{{dic}}margin{{.com}} d] | [{{wr}}margin t] - margin
+{{Definition|margin}}
-:*[{{dic}}profit{{.com}} d] | [{{wr}}profit t] - profit
+{{Definition|profit}}
-:*[{{dic}}enough{{.com}} d] | [{{wr}}enough t] - enough
+{{Definition|enough}}
-:*[{{dic}}pyramid{{.com}} d] | [{{wr}}pyramid t] - pyramid
+{{Definition|pyramid}}
-:*[{{dic}}crumble{{.com}} d] | [{{wr}}crumble t] - crumble
+{{Definition|crumble}}
-:*[{{dic}}illegal{{.com}} d] | [{{wr}}illegal t] - illegal
+{{Definition|illegal}}
-:*[{{dic}}understand{{.com}} d] | [{{wr}}understand t] - understand
+{{Definition|understand}}
-:*[{{dic}}few{{.com}} d] | [{{wr}}few t] - few
+{{Definition|few}}
-:*[{{dic}}returns{{.com}} d] | [{{wr}}returns t] - returns
+{{Definition|returns}}
 ==Video==

@@ Line 4: / Line 4: @@
 #Do you know what a Ponzi Scheme is?
-#Have you ever entered into this scheme? How was it? Did you make or lose money?
+#Have you ever entered this scheme? How was it? Did you make or lose money?
-#Why do you think people create a Ponzi Schemes?
+#Why do you think people create Ponzi Schemes?
 #Do you consider it gambling? Why? Why not?
 #Do you play slot machines?

← Older revision		Revision as of 19:08, 12 May 2013
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	Write a couple of paragraphs talking about how to invest your money. Make sure to use words you learned from the text and try to make it as long as you can.		Write a couple of paragraphs talking about how to invest your money. Make sure to use words you learned from the text and try to make it as long as you can.
		+
		+	<br><br>
		+	{{#widget:DISQUS
		+	\|id=jointhegrove
		+	\|uniqid={{PAGENAME}}
		+	\|url={{fullurl:{{PAGENAME}}}}
		+	}}

	[[Category:Awaiting review]]		[[Category:Awaiting review]]

@@ Line 56: / Line 56: @@
 ==Writing practice==
-Write a couple of paragraphs ---->>>> instructions <<<<-----. Make sure to use words you learned from the text and try to make it as long as you can.
+Write a couple of paragraphs talking about how to invest your money. Make sure to use words you learned from the text and try to make it as long as you can.
 [[Category:Lessons in development]]

@@ Line 50: / Line 50: @@
 <div class="toccolours mw-collapsible mw-collapsed" style="width:95%">Transcript:<div class="mw-collapsible-content">
-So, you may have heard about Ponzi Schemes in the news. Everybody knows they’re illegal but you might not understand how they work. So Ben is here to show us. To start off, Ben gets a few people to invest their money with him. At the end of the year he gives those clients amazing returns that beats every other investor in the market. Needless to say the investors are thrilled. In fact they’re so ecstatic about all the money they’re making that they tell all their friends and family about it too. Who tell their friends, who tell their friends. In the stock market, most investors make money some years and lose money others. But Ben’s Ponzi Scheme, yeah, it never loses money. In fact it always beats the market by a huge margin but the returns he pays to these people aren’t from actual profits. He just takes the money, these new guys invest and gives it to these guys. But as soon he can’t get enough new money from this group to pay these people then the whole pyramid starts to crumble. Because they’re not getting paid anymore. Ben and these guys who invested first made a killing but these folks lost all their money. So the next time a guy like Ben tries to get you to invest in something that sounds too good to be true. It probably is. Just ask Ben.
+So, you may have heard about Ponzi Schemes in the news. Everybody knows they're illegal but you might not understand how they work. So, Ben is here to show us. To start off, Ben gets a few people to invest their money with him. At the end of the year he gives those clients amazing returns that beats every other investor in the market. Needless to say the investors are thrilled. In fact they're so ecstatic about all the money they're making that they tell all their friends and family about it too; who tell their friends, who tell their friends. In the stock market, most investors make money some years and lose money others. But Ben's Ponzi Scheme, yeah, it never loses money. In fact, it always beats the market by a huge margin, but the returns he pays to these people aren't from actual profits. He just takes the money, these new guys invest and gives it to these guys. But as soon he can't get enough new money from this group to pay these people then the whole pyramid starts to crumble. Because they're not getting paid anymore. Ben and these guys who invested first made a killing but these folks lost all their money. So, the next time a guy like Ben tries to get you to invest in something that sounds too good to be true, it probably is. Just ask Ben.
 </div>
 </div>