I get asked many times about internet marketing. Here’s what I have to say about it. Remember there is allot of online hype. You must be careful and not be taken for a ride. Research the people/product, find out as much as you can about the people you buy from.
Archive for the ‘Wealth Scams’ Category
Should I do Internet Marketing?
Tuesday, June 1st, 2010WEALTH SCAMS
Monday, September 21st, 2009SELF-LIQUIDATING LOANS & THE FEDERAL RESERVE
I first came across these financial instruments in 1984 and since then have come across them and their purveyors many times.
The first time I can remember as though it was yesterday. It was in an office in Mayfair, not from where Jack Barclays have their Rolls Royce and Bentley show rooms.
The financial intermediary told me there was lots of money ‘swilling around the City’ and there was a shortage of financial propositions, businesses and business plans to take advantage of the money. The money was no problem because there were self-liquidating loans available to fund anything and everything. I thought ‘WOW! I’ve cracked it!’ He continued ‘All we had to do was come up with someone who would place a bond in an escrow account and we could get a loan against the interest. The bond could be $100,000,000 or $500,000,000 and we needed a bank to be in the middle to accept the bond and allow us to complete the transaction. (more…)