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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (20970)8/9/2007 6:31:34 PM
From: TobagoJack  Respond to of 218664
 
yes, from folks who are big enough to initiate events and manipulate happenings

a winning edge from an unique angle

should events work out in the finality, his hourly fees will surely rise from the current USD 25.64, and events have been working out so far

i am willing to be the experiment, and today may be another day to accumulate 8239.hk as well as initiating positions in two other counters

imagine, get reflexology, stock tips, market winnings, and have good conversation, all for profit

a good and highly productive and multi-tasking model not taught at schools

speaking of modelling, trouble in Second Life - its 8.5 million real citizens are in deep doodoo because of some scoundrel in Brazil, perhaps forshadowing what will be in the 3-D world:

Money Trouble in Second Life
Second Life's financial sector is being rocked by a series of upsets that could spell trouble for the virtual economy.


A computer grab, taken February 20, 2006, shows Italian avatars meeting and talking in virtual Italy, a meeting place for Italians in virtual world Second Life. (Reuters)

By Erica Naone
Aug. 8
Font Size

There's a long line of avatars waiting to use the automatic-teller machines for Ginko Financial, a virtual bank in the online game Second Life. For more than a week, account holders have been demanding their money back in what some folks are calling a bank run.






Set off by high interest rates and a recent ban on in-game gambling, the bank run could ultimately have a major effect on the game's economy. The theft of approximately $12,000 from the Second Life World Stock Exchange doesn't help matters either.

Second Life, which was created by Linden Labs of San Francisco, is an online world where players can buy and sell all kinds of goods and services. The game's economy is based on fictional currency, called Linden dollars. But those dollars do have real-world value: players can buy or sell Linden dollars at a rate of about L$270 to $1 on the Lindex market. Second Life's website even boasts that "thousands of residents are making part or all of their real life income from their Second Life businesses."

Now the entire Second Life economy--which could affect more than 8.5 million players--is in trouble.

Although financial institutions in Second Life are careful to define themselves as games, some Second Life banks offer more than 100 percent annual interest--a tempting rate when combined with the possibility of turning Lindens into U.S. dollars via the Lindex. Right along with the promise of turning virtual currency into real-life riches are problems with how some Second Life financial institutions are run, says Robert Bloomfield, an economist at Cornell University who makes a serious hobby of studying Second Life's economy.

"The average person who goes to a [real-world] bank isn't aware that there's a large regulatory body keeping track of the reserves the bank has," he says. But banks in Second Life, which Bloomfield compares with the Wild West, are mysterious and unregulated. Ginko Financial's CEO, Andre Sanchez, of Sao Paolo, Brazil, has refused to release records of Ginko's investments or financial history, and he has not revealed a clear plan for returning people's money.



To: Moominoid who wrote (20970)8/10/2007 1:43:06 AM
From: elmatador  Respond to of 218664
 
OT I knew some masseuse in Bangkok that could extract ANY information! LOL!



To: Moominoid who wrote (20970)8/10/2007 1:55:00 AM
From: elmatador  Respond to of 218664
 
Doing a Paul Volcker with subprime:

"$900 billion of subprime adjustable-rate mortgages will reset at higher interest rates by the end of 2008, according to Bank of America Corp. analysts."

As you pointed before:

"When Volcker raised interest rates, we had a severe recession, but eventually the adjustments led to a period of economic growth, and we continued to create new wealth from economic activity."

To which I replied:

"ELMAT: This was financed by the capital exporting countries that have been indebted in the wake onf the two 70's oil shocks."

Message 22494908

who;s going to pay the bill this time?