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FIB - Scams 101 - Ye Olde Archives
Posted By: MaaMaw In Response To: Re: E-CURRENCY TRADING (The Roadie)
Sunday, 23 January 2005, at 9:07 a.m.
> But as I said to Maw-maw, if you don't know how the wealth is being
> created through the honest sale of goods or services, it's just a
> shuffling game.
That's what sticks in my craw -- most **especially** with these "P4" trades where "other merchants jump on it." I can't see any benefit to anyone that would cause a "fee" of 5% (or whatever) to be paid. It makes no good sense to me, and "a shuffling game" is not okay.
But this is the explanation I read of "normal trades" (as in "not P4 trades" but "real" trades, whatever those are) (I haven't gone very far with this, as you can tell by the fact that I still talk like an idiot):
Pong Doe in China wants to buy a magic carpet from Shantu Doe in Pakistan, and he has money in his E-gold account but he doesn't have an E-Bullion account, which is the only thing that Shantu will accept. Just like those who exchange foreign currency, somebody does an exchange (in some way I can't figure out yet) and the money appears in Pong's E-Bullion account. Pong pays Shantu, and Pong gets his magic carpet and he's happy. He's also happy to pay a fee for this exchange -- as is done when you travel in Mexico and pay someone to change your money into Pesos.
They go on to say that such exchanges are traditionally funded by filthy-rich investors, but this new system has allowed the little guy to get involved via this "group"... (that would be the group that has the power to run away with my money and everyone else's).
Is this a line of caca (or two paragraphs of caca, as the case may be)?
Luv,
MaaMaw
The Absolute BEST, most COMPREHENSIVE Internet Marketing Course on the entire planet!!
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