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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: TobagoJack who wrote (174959)7/17/2021 12:35:20 PM
From: Haim R. Branisteanu  Read Replies (1) of 217802
 
TJ - so what else is new? China's CCP does not do the same or worse?

Your remarks remind me of an incident I was involved many many years ago, after participating at a Hi FI and Stereo Show in the late 1970 at an exhibition in London, which participation was of great success for a small company like mine with around 15 to 18 employees.

I was between the few who designed small 4" double coiled loudspeakers and 1" twitter, with special sound diffusion structure, enclosed into a small box with rounded corners, of 8" by 4 7/8" by 4.5 ".called GULIVER (photographs are on my FB page for the interested).

I do have samples even today and listen trough them to music.

The product was at the time a great success, with very positive professional reports and frontpage photographs. A Hi Fi store on Tottenham Court Road near Oxford Street in London sold my loudspeakers.

This attracted the interest of a family member of the Saudi Arabia Royal Family whom I meet I think at his London residence and who wanted to buy the loudspeakers in the presented boxes as presents for members of his Royal Family.

Upon my return at the time to Tel Aviv in very high spirits of success I was invited promptly to the Counter Intelligence Tel Aviv Unit and underwent an interrogation.

Was completely puzzled by this approach after all it was a pure possibility of a commercial transaction of an item that was nothing more than a loudspeaker which arouse commercial interest.

Bottom line I was sternly told that this time the are understanding my innocent business approach with no other intentions, and I should stop immediately any continuing conversation or dealing with that person.

Export's started to flourish, until I fell ill due to the Israeli bureaucracy, to receive the proper waivers of very high import taxes, (raw magnetic materials, membranes, special coated insulated copper wires etc.,) for the items I export and be recognized as an "approved enterprise" which would eliminate the bureaucracy and free me of the paperwork to receive back the high import taxes and receive access to bank credits based on export orders.

Long story short at age 31 I was walking with a cane in the factory to expedite the last export batch and ended up in intensive care with pericarditis and took me a long time to recover.

The lovely Israeli banks took over the business and destroyed it.

So much for the "famous Start-up Nation"
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