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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Don Limb who wrote (16889)	9/18/2000 4:25:50 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

<I got lost trying to follow your explanation on how the West will lose it's financial grip on the World. > Okay, here's the straight version. Taxes cost everyone a lot of money, so there is big incentive to keep transactions away from the tax departments around the world. If I do you a favour, you might say "Thanks Buddy. IOU!" I say, "Okay Dude! One day I might call in your IOU". Being good mates and you an honest Texan we don't even bother with a piece of paper to record the IOU. But when it gets anonymous and we deal with all sorts of people who don't respect a good honest IOU, we get the government to write out a bunch of IOUs and we swap them around and the government keeps some for themselves every time they change hands. Now, with cyberspace, we can email secret encrypted IOUs to each other and they don't need to know about it. Say you write a good song and record it out on the range. You might upload it to a website and sell it via the Web. People could download a copy if they send you $1 via cyberspace. Trouble is, $$ are owned and controlled by Alan Green$pan. He prints a whole passel more of them every year and dilutes your holding of $$ and being an investor, you know that dilution is bad! That's like a sneaky tax on your $$. To get around Alan controlling the $$, I'm suggesting somebody invent a new cybercurrency. The backing could be a single company's profitability or some other recognized value [maybe a share of a bunch of internet companies which only have business in cyberspace so they never need to touch down in 3D so they are not actually resident in any country. But because they are well managed and everybody trusts them and they have huge profits, their currency is good! With encryption and WWeb devices everywhere, it would be easy to hide cyberspace transactions from greedy thieves who live in 3D. Globalstar would be able to move these IOUs to anywhere from anywhere. The West has got a LOT more to lose than the East. Because the tax collected by India is pitiful whereas the tax collected by the USA is monstrous. People in the West have a big advantage if they can hide their IOUs in cyberspace, away from the greedy paws of tax departments. Those in the East barely pay taxes anyway because they live hand to mouth in rural production with no paper transactions. Al Gore will be in a dilemma. He invented the internet and now his offspring is going to grow up and take over from him! It will NOT do what he tells it to do. Mqurice PS: Valueman, I have no idea why it concerns people if others comment on defects in company structure, performance, sales progress, management etc. Post away! Please. PCStel's posts are good too. He laid out the debts and when and why. All good stuff which any investor can benefit from having listed again.