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To: Ilaine who wrote (15983)3/2/2002 1:41:19 PM
From: elmatador  Respond to of 74559
 
Things outside government hands are very honest! That because all the players know a very simple thing: The only asset you have is your credibility.

(Sort of things you had during the push to conquer the American west)

Here in the hiper-inflation days I brought in -through the black market for hard currencies- USD32.000 to pay the person I bought this flat I live in.

See how it worked:
I gave an order for the Commerzbank in Munich to transfer to Dresdner Bank in Dusseldorf, the DM equivalent. Upon credit, the 'doleiro' (Black market agent) paid the former owner of the flat.

Once he goes there get the box with the cash, he gave an order for the deed and other legal documents to be prepared and the values all to be printed in theses docuemnts were in Brazilian currency.

There is no paper trail of this transaction, apart from the bank statement the Commerzbank sent to me.

After that, once I established my reputation with the 'doleiro', I gave him an Eurocheck of 8.000DM. (The bank only garanteed 400DM.

He handed over the cash to me by me just presenting my bank statement. It helped that I was a Siemens employee working abroad. But after I left Siemens and said this to him. I asked will you still make cambio to me as per our previous basis? He said. "We will."