What are Ginko Bonds worth?

Yes, it would be a boon to a few countries. Or the corporations doing the digging.

But the value of the metal is created by the effort to extract it. You can't just simply press the on button on a printing press.

Or, like here, make bonds out of thin air...

You actualy say one argument then destroy it with another, wich is it ?

I'm sorry, I don't follow you...

You are an insider or an alt of an insider?

Don't need to be an "insider" to see through a scheme this obvious.

The big difference being a "Run" on the USA's assets is basically impossible. Teh country also has a 231 year solid credit history.

Ginko has no credit history at all. The first time they had to really come up with any real money, they couldnt.

Couldnt even say where it was.

I hope at least Nick P has for his own sake kept track of where the money all went.

If on the off chance this did go to court, I wonder how the judge will respond to "Its invested, but I wont disclose where"

The reason the Federal Reserve isn't a Ponzi scheme is because it doesn't even remotely meet the criteria. It isn't offering a ridiculous RoI because it is the yardstick which is used to gauge what is ridiculous and what isn't. It also CAN meet all of its promises, because it CAN literally "make money". Ponzi scheme scams can't. It also cannot be considered to be failing to pay out returns on investment from real returns rather than future depositor's money because it IS the investment itself.

As such, any attempt to paint it as a Ponzi scheme in and of itself is patently absurd.



In the US, it would probably something along these lines:

"OK, well, you can rot in a nice, cozy jail cell until you WILL disclose where."

Contempt of court really sucks.

According to the WSE constitution, "The company must provide a minimum of one announcement and report each month to shareholders detailing the companies current operational and financial performance." I wonder when we can expect that report and announcement? I would be interested to know what assets my former balance of $303,000L is backed with?

Well this is possible being how it is a virtual world.. Virtual air can make anything like cubes, spheres and globes.. Many do that on a daily basis. We also know we are virtual people that can put those objects together to make a virtual bank, then can ask (sucker) other virtual people to take their virtual money which is made from real money at a real job and deposit it in a virtual ATM. Once that Peron has enough of your virtual money he/she can say kiss their virtual butt goodbye. Then you will never see your virtual money again.

The only thing about the above that can be wrong is if that person was among the few Casino owners that were able to set the machines to payout little and make a fortune off of other people. But I don't think their still around. I think they took their (our) money out of those virtual banks ( causing a run) and got out of town (virtual town)

Let me know when you can make Linden dollars out of that "virtual air". ;P

Has already been done, not once but several times it was never complete and in many cases stopped by force (either military or political force).... Should there be a more serious run on the USD, the value would collapse and your house would be worthless, usas purchasing power would not exist... The major "Runs" from dollar that has been noticable are, when iraq stopped selling oil for usd, now iran does same, russia does same, sweden and many other coutries are accelerating to reduce their holdings in usd... oh btw. keep this in mind japan alone holds over 50% of total usd float in the world, recently iran proposed to japan to trade oil for yen and that can have really interresting effects on the dollar (should this be agreed, japan could aswell dump all their usd holdings on open market, why hold something in sick quantities when you dont have to use it to trade).

At the same time they keep pumping US Treasury (Junk) Bonds in order to control the crash.

PONZI!

Ummm... China has by far the largest foreign reserves of US dollars. What any of this has to do with the value of GPBs, however, quite escapes me.

I was just comparing 2 similar systems, both require everdeveloping growth in deposits to survive.

They are about as similar as roquefort cheese and an IPhone

A ponzi scheme requires increasing deposits for the obvious reason that it has no other income to pay out.

A government bond is backed by a large income the government derives from taxation etc. Despite the hyperbole about US government debt, the debt interest payments account for only 1.7% of GDP (out of a total government budget of 20.2% of GDP). That makes it currently a rather safe investment.




This statement assumes that there are zero fungible assets in the USA, which is a very strange assertion to make.

There is a reason the thread was closed.

...... worth ZIP in RL and SL

I am not sure where all this supposed information comes from.

I can guess though, "The internets"

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It reads more like a conspiracy theory than anything else.

Iraq didnt stop taking USD for oil - The US was imposing trade sanctions against Iraq...

And so on.

Oddly enough many of the illegal trades made with Iraq during the time of UN sanctions - were done in US Dollars.

US dollars being the most Universally accepted currency in the World.

You didn't answer my question.

Other countries don't let thier judges (or likewise) have such freedom to use contempt. U.S. judges make-up laws by the use of U.S.'s odd contempt power.

The US would say that, wouldn't they?

What does any of this have to do with GINKO screwing us


Wath..if you don't know what WIC is..you better find out before you loose more

Ummm... So, how does WIC affect GPB holders? (I know *what* it is, but for the life of me, I can't see why, as long as there's LindeX and PayPal).

If someone is stupid enough to buy that bond with WIC... really, the currency itself has no impact, but WIC allows non-SL players to trade the fictional stocks/bonds. Read: uninformed players.

The more they branch out to include people not isolated "In some video game"

The more likely some regulatory agency somewhere will decide they need investigated.