Quote:
Originally Posted by dugnsuz
Got an email from ebay support this morning.
The scammer has been bumped and is no longer a registered user.
Great - until they sign up again with different fake details!!!!
I will be refunded the costs incurred which is acceptable.
All the best
Doug
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It is great that you have taken action...most get conned and because they are embarrassed that they have been so stupid keep the con to themselves for fear of understandable ridicule.
The trouble is many of our reputable companies do similar by getting investors in with the promise of high returns...when the company goes belly up no one says anything..because all around are saying what should have been obvious... well anyone with any sense could see that such a return was unsupportable....so the duped realise their stupidity and say nothing and having said nothing this practice continues.
If something sounds too good to be true there is a fair chance that something is wrong.
Although not really skilled in maths even for me it does not take long to project the figures and conclude a particular scheme will defy economic reality if it does work and history tells us economic reality is perhaps the strongest reality of all.
I have a thing about the latest rash of tree planting... I live in a forest..I know what timber is worth..I know what it costs to harvest.. I know the time one must wait for a return..
I predicted that the returns on the final sales of so much of this pulp timber has been overstated ...and if one did any research one would find that so many projects of returns on these forests is nonsense.
Recently up North no one could figure why 6 shipments of timber showed a huge loss... 5 million was kicked in from the tax payers fund.. the Government... to bail out the investors.
Why should this be so..well the only reasonable explanation is this tree planting idea has a lot of people on the pay role and confidence needs to be maintained.
The Global warming is good reason to continue we are told... well I think it may have more to do with returns to directors and promoters of these schemes.
Interesting the promise to the land holders that they would get millions in jobs etc manifested in them getting a nice new jetty er wharf..why well so the timber could be shipped.. they were sold a pup by a mongrel that what has happened.
The current prime loans thing..it has happened before..it is a recurring scam...money gets cheap..loans are made to folk who cant feed themselves let alone pay the rent or service a mortgage... (remember Home Fund) ..then the holder of the loans sells the "business" to some fool who thinks they are getting a great investment..the sums say so..the greed dims their view..
but the you know what finally hits....and ever reason is given except the truth for the colapse.
And do we have banks stepping forward to say ..yes we were stupid and bought a parcel of those loans... no one is owning up to their exposure... and all the fed can do is drop interest rates so the scam goes unexposed. Those who have profited will be busy buying gold because they have insite into the mess and that gold will be the only safe place.
Each time this happens we face the prospect of a major depression... and at the moment this latest "matter and fan connection" promises that if confidence is not maintained the system could collapse.
A drop of .5 percent must tell you something..why not .25%.... that says the matter is extremely serious...the fact that our interest rates are not being put up when the marker to do so has been passed (4.1 inflation rate says interest rates must go up) tells me there is a greater impact coming than we have seen so far.
The last to time this happened interest rates had a long way to travell before they went off the board downwards...well the problem now is there is little room to move to save things with further drops... last time interest rates dropped over ten percent before confidence was recovered... we dont have that luxury with low interest..you can only drop it a little ways before you reach zero....think about it.
If you ever get conned ..speak out and hunt down the dogs and expose them and anyone who tries to keep it quiet.
alex
alex
but how come I still dont my own observatory and 20 metre scope. 
