The advent
of social media has proven to be both a blessing and a curse. The double edged
sword of vast amounts of information freely flowing 24/7/365 is filled with
myths, lies and damn lies.
The
perpetration of scams, fraud and predatory sales manipulation is easier than
ever before. Instant credibility is created through well-meaning organizations
and operations. Unfortunately these entities survive on advertising dollars and
therefore take a position of enabler. When an organization thrives through
advertising money they have a mandate to look the other way. They have no
responsibility to provide any due diligence or do even nominal research on
anyone who is willing to pay dollars to advertise. Of course there could be the
perception of a moral and ethical responsibility to protect the investors,
consumers and public from bad advice, mis-information and flat out lies, yet
the reliance is on the archaic advertising laws.
An
incredible amount of the investor and consumer public live under the false
impression that “everything on the internet is true; it must be because it’s on
the internet.” This lie has been promulgated by the major social network
operations which I won’t bother to name because you know who they are.
One such
business based social network organization has myriads of groups which are
started under the guise of a source of information and education. Conceptually
this would be akin to Napoleon Hill’s master-mind group concept. Sadly, these
groups rapidly descend to spam, scams and other manipulative sales motivations.
A master mind group is formed to share insight, wisdom, and experience and
through such to generate greater impact then the individual could accomplish
alone.
Napoleon
Hill would be rolling in his grave if he could witness what many social media
groups have turned his precious concept into. The many groups are passed off as
Angel Investment, Venture Capital, Investment groups, and many other business
specialties well too many to list. In all of these groups the moderators (when
there is a moderator) cherry pick based upon their own conflicts of interest.
Rarely is there a truly educational and informational group in the mix. The
most damaging issue of all is that these groups become fertile ground for scams
and frauds to be perpetrated. Now, scammers and fraudsters don’t even need to
invest in the promotion of their dark intentions, as they can simply slip into
any social media portal and prey upon the 100’s of thousands of available
potential victims.
This all can
be controlled and easily avoided through the process of having a 3rd
party advocate. An advocate is only concerned with the best interest of their
client. There are no conflicts of interest, internal biases or ulterior
motives. The advocate exists to inoculate and insulate the client. Total
inoculation and insulation is developed through education, media sourcing such
as webinars, tele-conferences and virtual web based activities.
The Advocacy
Network is your master-mind group formed to enhance your ability to make smart
decisions about money.
Over the
coming weeks I will be producing blog spots that will identify common myths,
lies and dam lies in the financial market place. Believe me when I tell you
there are too many to list and I could produce pieces for the next several
years and not cover even a quarter of the scams, frauds and sales manipulations
in the financial markets. As an investor, consumer or business you need to be
aware of the potential abyss vying for your dollars on a daily basis. I look
forward to serving you in your quest to make smart decisions about money.
Karl Schilling
321-250-1445 O
321-947-3220 C
Skype: karl.schilling5
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