Dear Friends, I find myself nodding agreeably quite often with stuff posted from lists by: "R. A. Hettinga" but I find myself unable to reach www.ibuc.com or www.shipwright.com. Any suggestions?
Jim Ray wrote: > Presumably, all the smart, 'safe' money was already in > WebVan or Enron, anyway. I laughed until I cried, then laughed some more. Did everyone notice how Citibank and JP Morgan/Chase screwed Enron to a wall with a moly bolt for refusing to let them in on the action? Seriously, though, a very good friend does weather reporting for Enron's trading operation, and would love a change of venue. He still has his job, but his 401k pretty much sucks now. (Did everyone notice how Enron managed to shift 401k providers just before the turds hit the fan, preventing any employees from selling off their holdings in Enron? Extremely nasty behavior.) > 'to be a citizen means always having a place to > put your penis.'" Internet Hetariai, anyone? Vince wrote: > G&SR was just about the only legitimate investment > these clowns made. I have no complaint about the legitimacy of G&SR. I've used their services, and those of e-gold, ltd., and OmniPay for many years without any difficulty. I find their services to be remarkable and well implemented. I would note, though that "just about the only legitimate" leaves room for a few other legit deals. I think the National Organization for the Repeal of the Federal Reserve Act, NORFED, has had some very good people involved in it. Their American Liberty Silver coins represent an interesting approach to creating an alternate currency. I found the book _The Creature from Jekyll Island_ by G. Edward Griffin to be well-written and thoroughly documented. I have not had the pleasure of making Mr. von NotHaus's acquaintance (though his name has a cool meaning in Dutch!) but I have had the pleasure of meeting and working with Steve Foerster, now of 3PSecure.com. If 3PGold is any indication of their approach to doing business, I'd think the NORFED.org deal was a pretty good one for investors. Patrick asks: > 1. Is e-gold a solid company that I can still trust? Yes. As I understand it, e-gold itself has been "spun off" into a separate venture, has been based from St. Kitts Nevis for some time, and is as trustworthy as ever. In particular, I have found their user agreement to be well written, their service to be excellent, and their approach to things to be well-conceived. > 2. If no, then why? The only concern I have, and it is somewhat significant is that the indictment, while not reflecting badly on e-gold, does bring some high-level scrutiny of e-gold and OmniPay by the SEC. As John-Paul points out, such scrutiny is never good for anyone. I do think it is significant that the e-gold system creates a "history" of each transaction, and that these historical records are kept indefinitely. It concerns me to wonder where the data in those databases is stored, since the e-gold system appears (to me) to use servers in the USA. The USA is a poor jurisdiction for privacy, confidentiality, and security. It is a litigation nightmare and is occupied by a feral gummint with bad habits. Thus, I am frequently reminded that GoldMoney and 3PGold are operated from offshore. > GSR, egold, omnipay, all the same thing. It isn't my company, but I think that's technically false. At a minium, e-gold is now incorporated from Nevis, so it isn't a USA company. That's a useful step in the right direction. Now, if they could just reassure me about the data security issue.... > Is it illegal to have a crappy criminal and/or > bizarro investor? No, it is not. However, the assets of that criminal may become assets of the government. For all we know, John Wayne Zidar is some goofy government spook, who defrauded a bunch of anti-government aka "patriot" types out of $50 million or so, and invested it in things the feral gummint wanted to get its hands on, like NORFED and e-gold. Given how these two entities threaten the banking cartel's ongoing scam operations, I would not be surprised. This paragraph is pure speculation. (Enjoy!) > Fundamentally, I trust JIM RAY AND JAY WHERLEY! Yeah, me, too. Particularly that Jay Wherley guy. He bought a coin from me, and his spend was good. JP May asks: > How does the SEC get its 74 million bucks back? Indeed. > Obviously, the "government never loses," you can > take that as a given fact...right? "You can't fight city hall." Until you do. I'm not shorting the USA feral gummint yet, but there were some who were long on the USSR back in May 1991, and that proved to be about as clever as investing in Enron in May 2001. >(A) Douglas Jackson builds the central pillar of > tomorrow's economy Who is this cool Douglas Jackson guy, anyway? > (C) The Feds Takes It All Mayhap. Time is long and there is much to be done. People have protected themselves from the feral gummint before. But, you do need to know where the bodies are buried. Greg Broiles writes: > Taking on investment capital is a serious step which > forms a long-term relationship - and the people selling > their equity in a company (directly, or through dilution) > need to know who they're going to be working with, True. Although, it is often difficult to be choosy when the choice is between having funds to develop the company and having no funds. > what their investment goals and strategies are, what > their exit strategy is, Generally, the investor looks to the business entity to establish an exit strategy so he can get his cash out. > None of that means that the G&SR guys are tainted with > the (alleged) criminal nature of their investors, or > their investors' investors - but the idea that one > doesn't know (or care) about one's investors is a very > bad idea. Very true. Given the repercussions JP suggests, it is a big deal to know what to expect from each investor. > Eliminate due process, civil rights? It's the > Constitution, stupid! Well, yes. But, constitutions don't protect your freedom. You still have to pay the price: eternal vigilance. Regards, Jim http://www.GoldBarter.com/ --> a free market: win free now & save! --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
