From: upgrade (fm1@amug.org)
Date: Sat Jan 15 2000 - 16:25:20 MST
At 12:27 PM 1/15/00 -0600, "Andrew R. Sujdak"
<arsujdak@midway.uchicago.edu> wrote:
>
> > Subject: StockGeneration (was Re: [scam] $ pyramid scheme)
> > 13 months ago, when I heard of StockGeneration, I spent
> > about 4 hours analyzing the game and its rules. I came to
> > the conclusion that it was very well designed, could last
> > a long time, and could make me a lot of money.
> >
> > I put in $6,000. I've taken out over $90,000 in cash. I have
> > $664,000 left in my portfolio. I'm in a position to take out
> > about $20,000 per month.
>
>
>Why????
>
>What risk did you bear?
I "closed the risk window" after about three months by
taking out my original capital plus a modest profit. So I
effectively bear no risk. I'm "playing with the bank's
money." (The $664,000 isn't completely mine, because
the rules of the game are such that only relatively small
portions of it can be withdrawn from time to time.)
>You can't get 10%+ risk-free returns when there is
>trillions of dollars in US debt being publicly traded fo 5.7-6.73% returns.
>Economies don't work that way.
I presume you're talking about per annum returns. I've
been "spoilt" by programs like StockGeneration to
the point that I've become so greedy that I don't
consider anything with a return of less than 10% per
month!
>The game is nonsustainable. What if the US government sold another $400b in
>debt and put it into that game? What do you think would happen? You can bet
>that they wouldn't have $40b to pay the US government at the end of the
>first month.
My original analysis, 13 months ago, indicated
sustainability. My subsequent experiences have
bolstered my evaluation. SG is a very well designed
game with some special rules that enable the principals
to keep the game going. They can also change the
rules whenever they like. The current maximum deposit
is $30,000.
>The "risk" you are bearing in this game is credit risk, which is huge. And,
>in fact, you're not getting any premium for it.
On the contrary, having recovered my original capital
plus hefty profits, I bear no risk whatsoever. Based on
my initial capital of $6,000, this year I'll most likely
average $20,000 per month in cash taken out, i.e.,
over 300% per month!
>You are very lucky to have made money on this. But tell me how this is
>different than a chain letter or the Albanian money pyramid scheme. Please.
Gary Player was once told, "Lucky shot!" when he holed
out from a bunker. He replied, "And the more I practice,
the luckier I get!" During the past seven years, my ability
to identify games like SG and win at the has improved a
great deal. I'm also "very lucky" with several other programs!
SG is different in that they have some very sophisticated
longevity-enhancing rules and formulas, and they utilize
some of their capital for earnings that help pay the high
returns.
>I spend MANY hours a day doing finance-related things. And I'm telling you
>that the people who solicit participants in this game can expect to go to
>jail.
You probably operate in a certain culture of "financial correctness."
I think the risk of my going to jail for promoting SG is miniscule,
particularly considering the complete legality of the game and the
disclaimer on <http://www.bigbooster.com/business_opportunities/>:
"DISCLAIMER: The provision of information on the various companies
featured on this Business Opportunities page and its related pages
constitutes the dissemination of information in accordance with the
right to free speech. Nothing on this page or website is to be interpreted
as legal, accounting, tax, currency, banking, or investment advice.
Anyone seeking such advice should consult a properly qualified and
accredited professional. All readers of this article are emphatically
advised to obey all laws on Earth and in the Universe to the letter.
ANY SUGGESTIONS FOR PARTICIPATION IN THE VARIOUS
COMPANIES FEATURED HERE ARE VOID WHERE PROHIBITED
BY LOCAL LAWS.
People who participate in any program, project, business, or venture
promoted by the owners of BigBooster.com, do so entirely at their own
risk. Participants agree to hold the BigBooster.com owners harmless
in respect of any losses incurred as a result of participation in any
program, project, business, or venture promoted on or by means of
BigBooster.com.
>If I see another post on this subject telling anyone, anywhere, that this is
>a good idea then I'm going to report this to the appropriate authorities.
>
>We have enough problems with moron penny stock games.
Go ahead, report whatever you like to your so-called "authorities!"
Frederick Mann
-- MOST COMPREHENSIVE FREEDOM WEBSITE - All Information Free! * FWO/BuildFreedom Home Page http://www.buildfreedom.com/ * Sign up for e-gold: http://www.buildfreedom.com/e-gold.htm * Freedom/Liberty Portal http://www.buildfreedom.com/ft/ Thousands of freedom-oriented websites - best place to start your freedom searches * Paths to Freedom http://www.buildfreedom.com/path/readmefirst.htm * Free Terra Libra Books/Reports http://www.buildfreedom.com/tldir.htm * Superhealth/Life Extension http://www.buildfreedom.com/healmain.htm * Financial Independence - especially for freedom lovers - Get Rich! - Beat Taxes! - Millionaire Reports! http://www.buildfreedom.com/dirmill.htm * Liberty Money Machines - How to create profitable websites http://www.bigbooster.com/business_opportunities/money_machines.html
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