REFRESH to rotate MAAMAW'S CLICKY NOTES thru this space..... Timely Tips, Best of the Boards & More



You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.


| View Thread | Return to Index | Read Prev Msg | Read Next Msg |

FIB - Scams 101 - Ye Olde Archives

Re: I just got finished reading their FAQ....

Posted By: renee
Sunday, 8 January 2006, at 6:13 p.m.

In Response To: I just got finished reading their FAQ.... (MaaMaw)

> Call me stupid, but I want to get paid for providing a service or selling
> a product... not for giving somebody $6 so I can get $.72 of it back
> everyday.

> Yes, I know you're being paid to "perform a service" (which is
> surfing 12 web sites) -- but the fact is, nobody benefits from such
> surfing.

that's a comment i hear often about trading...that it provides no service or benefit to anyone. but in fact, without speculators, the markets would be illiquid. and that would be catastrophic for any economy based to any degree upon tangible equities and commodities.

for example, a farmer buys a contract to sell his corn at X dollars a bushel in the spring some 6 months in advance of his having to deliver the crop to the seller of the contract--who may be a food company who fully intends to take delivery of the corn for processing. buyers and sellers do this all the time to lock in a price for planning based upon known factors. in the case of this transaction, the instrument is the futures contract, not the corn at this juncture. but let's just imagine there is a drought for september corn and the price of that commodity skyrockets. to whom can the farmer sell that contract now that both the price of the futures contract and the underlying commodity itself is now worth, say, 3 times the amount of the contract? certainly not anyone who would ever intend to make delivery of the corn (the underlying commodity). but he can sell it to a speculator who may gotten short on september corn futures at a higher price and needs to exit the position by buying it back at a reasonable profit.

for every purchase or sale of any instrument, there must be a buyer or seller on the other side of the transaction. instruments such as equity shares, futures contracts or options don't grow on trees. only the Fed can create money out of thin air. hope that makes sense.

just a thought, and maybe i am way off base here, i just gave this program a cursory glance. but maybe--to some degree--the underlying logic is closer to speculation? i'm just wondering.

or maybe it's the new brand of glue i'm sniffing.

but i don't buy the argument that speculating for income has no social value. it is not a "product" or "service", as strictly defined. but as in the example above, the only way that farmer could get out of that contract he bought to sell his corn at a deep discount at some point in the future would be to sell to a speculator who had bought a contract at a lower price, held, wanted to exit the position at a profit and had no need to take delivery of the underlying commodity anyway. it's abstract, i know, but it does have value to both society and the broader economy.

but to continue with the metaphor, corn has both intrinsic and extrinsic value; i'm not sure about compulsory surfing. is there a reason to speculate on such things? perhaps as it matures, it will take the more formal approach of focus groups, or something like that. i don't know, but i'd like to.

just a thought. whew. but then again, maybe it is the glue after all.
renee

Messages in This Thread

Have you read MAAMAW'S CLICKY NOTES today?
Excuse me... You MISSED them??
At the top o' the page in the blue bars (sheesh!).

| View Thread | Return to Index | Read Prev Msg | Read Next Msg |

FIB - Scams 101 - Ye Olde Archives is maintained with WebBBS 3.11.


You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



NOTICE TO SCUMBEEZLES
(you know who you are... you scream "Foul!" when the truth comes out)
        PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT.  It has been done before, but never successfully.  In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
        If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace.
        NEWS FLASH:  I didn't just climb down off that ol' turnip truck yesterday.  I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish.  I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?).  I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!" 
        Do yourself a favor and turn your legal team loose in greener pastures.

        Although we may, from time to time, monitor or review discussions, postings and the like on the Friends In Business (Scams 101) Message Board, we are under no obligation to do so.  We are not responsible or liable for any claim arising from the content of any such discussions or postings or for any error, defamation, libel, slander, omission, falsehood, obscenity, pornography, profanity, danger, or inaccuracy contained in any information contained within such locations on the Site.
        You are prohibited from posting or transmitting any unlawful, threatening, libelous, defamatory, obscene, scandalous, inflammatory, pornographic, or profane materials or any material that could constitute or encourage conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law.  You are likewise prohibited from posting any false claims against any company or individual.  We will fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of anyone posting any such information or materials.
        By posting messages and/or content on the Friends In Business (Scams 101) Message Board, you give permission for Lesley Fountain/Friends In Business/Shoestring Success Publications to display, distribute and use the posting and content for publication, advertising, promotion, excerption or example. You grant Lesley Fountain/Friends In Business/Shoestring Success Publications complete, perpetual, but non-exclusive rights to use, archive, reproduce, adapt, modify, distribute, sub-license, repurpose, rework, compile, or offer for sale or resale the messages, postings or content appearing on this site in whole or in part, throughout the world and universe, on a royalty-free basis without remuneration.  If you cannot accept or agree with the terms of service for this website and discussion board, you are advised not to post on this board.
        In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact.
        And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!).