Ginko Financial

heheheh

God, is freerepublic.com leaking onto the Second Life boards? Please tell me it ain't so.

If I was the original poster of this thread I would have, no doubt, been warned about revealing private info.

If this thread had been an attempt to smear Anshecorp.com it would have been locked and or deleted at her highnesses request.

That kind of blatant favortism makes my teeth ache.

"please don't misrepresent the sequence of events. your postings on the forum transpired after cyberland had requested a full withdrawal of it's funds."

That is what is simply not true.

This post sounds like a threat of some sort. Wow

for your reference, GOM announced it was closing on Sept 27, 2005.link

here is your post from october 14, 2005. link

if there actually was a causal relationship, it would have likely been the inverse of what you suggested.

Is that why Shaun himself told me he was withdrawing and never again depositing because of my post?

You know. I'm not sure you Ginko investors quite realize how extreme a License you have given to Ginko. How far you have stuck out your necks beyond even the normal run of gamblers.

You have given him, by accepting his terms, and his subsequent pronouncements here and elsewhere

1. Licence to Fail without being even criticized.
2. Licence to Fail without even giving an explanation.
3. Licence to conceal who and where he is
3. Licence to distance your funds to an irrecoverable location.

Your legs are chopped off. He could smile and shrug, spend your money on a personal car or a boat, and refuse even the most rudimentary explanation, as he does now. He wouldn't even have to leave the community. Just keep going with the "smile and shrug", as you see here in forum.

This is why in RL the nanny state takes away your right to assent to Ponzi-like schemes (of which this has at least the look). Only full and open scrutiny can show what is going on, or even tell you afterwards if it fails, whether you were the victims of a criminal, an incompetent, or a fool. But you have relinquished your right to scrutinize.

The difference with Anshe is, all she "owes" in any sense at all is her "lease purchase prices". And the value is still there in SL, locked into the land and very, very difficult to sell quickly and get out and away with the US$. Plenty of time for LL to intervene.

They say they wouldn't, but we all know in our hearts that they would. In the early days perhaps, but there are too many people involved now for them to turn their backs.

But Ginko would have no problem getting almost all of it out as RL cash. It's already done. And LL are left standing powerless even if they want to intervene.

I tell you, this may be the first SL court case coming up. Ponzi schemes are illegal in california, however conducted. One phone call could be enough. And all hell would break out. The only barrier would be the "currency is valueless" defense. We all know it's nonsense, and a court might easily determine so too.

The end result could badly damage SL and all of us, with RL regulation sticking its nose in everywhere. Conflict of jurisdictions, splitting of the grid. The whole nightmare scenario.

Please note - I am not saying that Ginko IS a ponzi scheme, or that any of this will happen. But I strongly believe it MAY be, and that some of it might.

I just can't take the flippant refusal to disclose, the cavalier attitude to other peoples right to know where their money is, and to scrutinize and verify honesty. It really does look very worrying. Good explanations look less likely every day, sadly. Each of Nicholas's posts enhances my unfavorable impression.

I think maybe some of you are allowing antipathy toward Anshe to cloud your judgement. Put it aside. Is concern merited? Should people be warned? Are the RL laws against Ponzi schemes wise or hysterically intrusive ? Why does every state have them when surely adults can make up their own minds ? Those are the questions, surely.

I said this when i first learned ginko.
They are giving the higest rate to a usd based money in the world. In real life business we call this as happiness chain. As long as new user count>old user count you can handle this business.
But one day new user count= old user count. when this happens once. A fastest bankrupt comes. This is the sure end. In real life i know lots of company went bankrupt because of this business.
And this bankrupt start with words of people. Now you started to talk. I chosed to be silence till this time. Because i didnt want them to go bankrupt. Now this is the start of the bankrupt.
Happiness chains never ends with happy end.
Kazanture Aleixandre

No, you started this thread to try to ruin Ginkos name {Ginko Bank has been around for about a year, so I'm curious why this sudden vigilante against us}. Using snide remarks and trying to make everything sound negative, even when you do get an answer to your questions. You could of very well IM'd Nick if you wanted answers, and if you didn't hear what you wanted to hear, then don't invest. There was no need to stir up displeasure in our buisness, the same as there was no need to do the same to you back when blaming Anshe for all our problems was cool.

Yes, Ginko Bank is a "at your own risk" deal, as is everything else in our little universe. If you or anyone else feels doubt in investing into Ginko, then by all means IM questions or use our Ginko Bank forums. We want you to feel at ease and secure, and if you don't feel that with the way Ginko Bank is currently running or with the answers we provide, don't invest. As common courtesy however, we ask that you don't try to ruin our buisnesses name, as we wouldn't try to ruin yours.

Actually there are lots of businesses, including savings schemes, that can offer big returns on small investments.

Someone, not in SL, that I know IRL worked for a poor wage and a slice of the pie for a high tech company making a revolutionary new technology a few years ago. He knew it might all go horribly wrong, but he was willing to take the risk. You might have heard of the technology he worked on - it's called Bluetooth. He got lucky.

Saving schemes work on the basis that actually they can keep most of the money for a while - it's a SAVINGS scheme after all, so they keep some money for a quick return and can offer higher returns at the beginning because it's less trouble to turn $1 into $2 than $1M into $2M. If everyone cashes out of Ginko it will be a mess, Ponzi scheme or not. If everyone cashes out of any reputable bank the same will happen - it did in Germany during the depression, in the USA during the depression etc.

If it's a ponzi scheme, and yes it might be, then so be it. They fooled me once, more fool me. For what it's worth I'm not convinced it is, although I do know it might be. I'm an investor, at various times my balance has been in the hundreds of US$ range and in the 10's of L$ range depending on other things. I've cashed out almost to $0 a few times with absolutely no problems. That, and that more than anything has convinced me that I can trust them, they've always acted like they really are a bank giving me access to my savings.

They have also, at least to their investors, pointed out that this is an unsustainable long term rate of interest. The heady days of 0.2% per diem compound are sadly long gone. 0.15% per diem compound is the current rate and it's still pretty damn good.

Of course just like anything else you've got to make your own mind up. I could be a willing stooge or a naïve dupe as well as a happy investor. But I just might be hooked into a great deal and happy because of that.

I am sick to my stomach. Anshe who do you think you are? Accuse someone with no facts, break TOS without care, Threaten Ginkos business! You are one sick person who needs to grow up. You are beyond transparent to everyone but your cult of followers.
He has no reason to share any info with you or LL. Get off your high hourse and give yourself a reality check.

And I like how you keep saying "everyone withdraw your money now" anshe!

LISTEN PEOPLE, If everyone withdraws their money at once of course that might slow down the process and make things harder on Ginko. Shes just trying to hurt them by saying this and started a false alarm to ruin her competition.

That would be like me telling everyone to stop buying anshe land ASAP for some odd reason. (hehe im sure i would get a lifetime ban in anycase since it would be a comment made against Anshe L. Chung)

Another good way to look at this situation is by watching how the opposing sides act.

Ginko - has stayed calm and made every attempt to answer all questions.

Anshe - Has lied, insulted, speculated, broken TOS, and is speaking from opinion and emotion with very little if no facts.

This thread is funny

I would expect this type of heated discussion to be valid amongst Ginko investors.

But in this case, the more vocal detractors are a handful of non-Ginko investors who, for no apparent reason whatsoever, have decided to arbitrarily slander and discredit an SL entity that has been around for a proportionately good length of time and has a proven history of reliable service.

While it is true that things may go sideways, I would imagine that Ginko investors are adult men and women aware of the risks involved, and should be allowed to invest their money in whatever manner they like without having an established resident and her supporters post in a public forum in an attempt to sabotage their investment.

Negative publicity when money is involved is never good. Even the stock market, or the U.S treasury for that matter, would not be able to withstand such a vicious public negative attack.

Ginko just changed their rate down to 0.14%. Apparently Anshe's attack hit for some damage!

How do you figure that? Nicholas has been saying since the ball it's going to be dropping steadily very soon. The schedule was probably forced up a bit because of outside influence, but to call it damage?

Hate to tell you, but this has been in the planning for a long time, as Aaron just said, maybe you outta read all of the posts before you reply.

Well there are about 200 posts and I am certain I've read at least 75% of the posts and none of them stated that on November 17, 2005 interest rate would be lowered to 0.14%/day.

I know that they have to lower their rate from time to time, it just so happens they did this one in the middle of a very large and negative conversation started by Anshe.

Yes, it could be pure coincidence, but it could also be damage done.

In either case, I support Ginko and have money in it.

Actually, the blame is to be placed on a IGE delay. Just thought I should get that out there, and we appericate your support.

You should definitely let that be known! And thanks for telling me, you really might even want to put up a new thread with a quick explaination.

The intrest rate is going to continue a gradual fall until it hits a certain point {as talked about by Nick in a previous thread}. The IGE delay just did the inevitable, just a little sooner then it would of been. Just wanted to make it clear that Anshe's thread to stir up disapproval of us isn't affecting our buisness or our customers.

Lets assume that ginko is legitimate and can actually pay the 70%+ return. All it takes is a little scare(this thread) in the investor confidence to potentially ruin a profitable company. Only a small fraction of the total money is kept on hand and if there is a mass amount of investors wanting to get out, there won't be enough on hand money to pay them. They will announce it in forums and create more hysteria which will cause more ppl to demand their money and eventually ginko will have to sell their assets at whatever price they can get and declare bankruptcy. Which will cause nobody to get their full money if any at all, and ruining a perfectly capable and profitable company. So lesson of the story is keep your money in ginko until there is actual evidence that it's a scam, not just a competitor trying to undo a good company.

As this thread has accidentally turned into a large advertisement for Ginko and I'm lazy but wish to invest, would someone please point me at the website and/or central presence of Ginko in-game?

Also, as I posted earlier a speculation that this thread could have been started as Anshechung.com astroturf propoganda for another semi-secret division of Anshechung.com, a statement from one of the Ginko staff saying "not affiliated with them" would increase the amount I'd be willing to invest.

Thanks.

If you'd like to find ginko's physical presence, search for "ginko central" in world, and it'll be the first (and only) result, the ATM is right next to the telehub.

for the website, www.ginkofinancial.com.

GinkoTec, Ginko Financial, and related ventures are in no way, shape, or form affiliated with Anshe Chung, any of her related alts, AnsheChung.com, SLExchange.com, or any other businesses affiliated with the aforementioned organizations/individuals.

CCC

I will post in here then, I am staff for Ginko, but we are not at all affiliated with Anshechung.com at, any of its subsidiaries, or any of it's entities at all. I have told Hinoserm about your request, and he should be getting in contact with you in game, or I might pop in to do the same and direct you as well.

Sneak, your word is sufficient, and thanks to Clinton for the pointers (that was appallingly lazy of me, but I am deposited).