Sunday, September 13, 2020

Who is Really Behind These Blessing Looms?

via GIPHY

 


2020 has really been a year that will go down in the history books for various reasons.  Who would imagine us being in the midst of  a global pandemic, a unprecenteded election, unpredictable economy and a fundamental, monumental revolution! In the midst of all of the emotions whether it is grief, pain, anger, sorrow, gratitude, connection, and community; greed finds its way of embedding itself in the vein of it all.

I have to be honest, I am a fan of the show American Greed. To see the great lengths that some people will go through for money and status is unbelievable but you see it happens over and over on every episode. You see the rise, fall, misery and grief of all the parties involved. I think I know what the next major 2 part show will cover. 

A couple of months ago, I had been approached by 2 people in my inner circle about this opportunity to participate in something amazing. Not only was this opportunity amazing but it brought  forth community in a time where we are all separated. It was a "community savings program." The program is called a blessing loom or flower. Each "flower" is broken down into groups. These groups have names. There are also levels of the groups and names of group members who are referenced with names of the elements of the earth.  Again, the preface to this opportunity is coming together to create wealth, connect and grow in this new world we live in 2020. If you invest $500, then you will receive $4000 within just a couple of weeks. The next step is that you would send the money to one of your "elements". So here is some additional info, you do not know who this "element" is, meaning you do not have an idea who this person is,you just know your group name and the element that you sent the money too. AND THEN!!!!! You have to commit to recruiting an additional 2 people into the flower who also have to invest $500 a piece before you can receive your return.  Those 2 people have to commit to recruting 2 people and so forth in order for the program to work! 

Side note: Listen, to be honest when the video was sent to me, I heard just  about 2-3 minutes and I kind of caught bits and pieces. It drew my conclusion on what it was about. So my understanding of it may be slightly scued but you get the picture I am sure.

What I do know is there were no written agreements invloved. People were just giving their money just on the word of the person who is recruiting him/her to participate in the program. That person was probably told by someone that they knew actually received his/her return on investment or the person recruiting may say that he/she have already recieved their return, so they want to get the people that is closest to he/she involved in this amazing opportunity. 

I actually declined to participate. However, I do know some people who did. I also have been seeing different posts with debates about the efficiency of this program. On the contrary,  people are labeling the program a pyramid scheme, a fraud and so forth.  You have several prominent financial experts who have spoken out about blessing looms previously to the FTC article.  The Fair Trade Commision published an article in May of this year   about these looms or flowers. There are many versions, with various amounts for the starting investments. According to the article, some had if you invest $100, you would get a return of $800 in a matter of weeks. These blessing looms are actually illegal. 

I was approached in July. After I declined, I started having general conversations with close family members and they too were approached. We are all in different states. I also had conversations with some people who have invested and have not received their  returns yet severalweeks after the date that the person was to receive the return.

This thing is huge!! According to various sources, the blessing looms or flowers have been around for years. However, I am curious to know if it is on this level.

It will be interseting to see who is the mastermind(s) behind all of this. I am sure we will find out on an upcoming season of American Greed.