Alan"s Money Blog

Aug 31, 2007

c-gold website is now available via secure http only

I thought I should let all you e-currency aficionados know that the c-gold (commerce gold - a new e-currency backed 100% by gold deposits)website is now available via secure http only (https://). I really don't understand why they couldn't just forward http requests directly to the secure http port if security is such a concern. In my opinion it would be better if they let consumers chose for themselves the level of security they want to have. But still, even if they want everyone to forcibly load every page via encrypted http they should at least put up a notice on their non encrypted http server to let us all know. Instead all you will get when you load the website via regular http is "unable to connect". Basically what they've done is turn off port 80 on their web servers completely and left only port 443.

I hope my complaint gets noticed by the c-gold administrative staff and that someone is able to provide some sort of rationale for this decision. By the way, not even e-gold has done this or any other e-currency that I know of. None of them force you to load all the html pages on their website via an encrypted connection only.

Forex Brokers And Their System of Screwing Forex Traders

Here is a video those of you who trade the forex market like me might find interesting.

Aug 30, 2007

Some more funny for your money: Foreign hotel signs

Foreign Hotel Signs:

FROM A BROCHURE OF A CAR RENTAL FIRM IN TOKYO: When passenger of foot heave in sight, tootle the horn. Trumpet him melodiously at first, but if he still obstacles your passage then tootle him with vigor.

IN A TOKYO HOTEL: Is forbidden to steal hotel towels please. If you are not person to do such thing please not to read notis.

IN A JAPANESE HOTEL ROOM: Please to Bathe inside the tub.

IN A BUCHAREST HOTEL LOBBY: The lift is being fixed for the next day. During that time we regret that you will be unbearable.

IN A LEIPZIG ELEVATOR: Do not enter the lift backwards, and only when lit up.

IN A BELGRADE HOTEL ELEVATOR: To move the cabin, push button for wishing floor. If the cabin should enter more persons, each one should press a number of wishing floor. Driving is then going alphabetically by national order.

IN A PARIS HOTEL ELEVATOR: Please leave your values at the front desk.

IN A HOTEL IN ATHENS: Visitors are expected to complain at the office between the hours of 9 A.M. and 11 A.M. daily.

IN A YUGOSLOVIAN HOTEL: The flattening of underwear with pleasure is the job of the chambermaid.

IN A JAPANESE HOTEL: You are invited to take advantage of the chambermaid.

IN THE LOBBY OF A MOSCOW HOTEL ACROSS FROM A RUSSIAN ORTHODOX MONASTERY: You are welcome to visit the cemetary where famous Russian and Soviet composers, artists, and writers are buried daily except Thursday.

IN AN AUSTRIAN HOTEL CATERING TO SKIERS: Not to perambulate the corridors in the house of repose in the boots of ascension.

ON THE MENU OF A SWISS RESTAURANT: Our wines leave you nothing to hope for.

ON THE MENU OF A POLISH HOTEL: Salad a firm's own make, limpid red beet soup with cheesy dumplings in the form of a finger, roasted duck let loose, beef rashers beaten up in the country people's fashion.

IN A HONG KONG SUPERMARKET: For your convenience, we recommend courageous, efficient self-service.

OUTSIDE A HONG KONG TAILOR SHOP: Ladies may have a fit upstairs.

IN A BANGKOK DRY CLEANERS: Drop your trousers here for best results.

OUTSIDE A PARIS DRESS SHOP: Dresses for insert bold tagseet walking.

IN A RHODES TAILOR SHOP: Order your summers suit. Because is big rush, we will execute customers in strict rotation.

FROM THE SOVIET WEEKLY: There will be a Moscow Exibition of the Arts by 15,000 Soviet Republic Painters and sculptors. These were executed over the past two years.

IN AN EAST AFRICAN NEWSPAPER: A new swimming pool is rapidly taking shape since the contractors have thrown in the bulk of their workers.

IN A VIENNA HOTEL: In case of fire, do your utmost to alarm ther hotel porter.

A SIGN POSTED IN GERMANY'S BLACK FOREST: It is strictly forbidden in our black forest camping site that people of different sex, for instance, men and women, live together in one tent unless they are married with each other for that purpose.

IN A ZURICH HOTEL: Because of the impropriety of entertaining guests of the opposite sex in the bedroom, it is suggested that the lobby be used for this purpose.

IN AN ADVERTISEMENT BY A HONG KONG DENTIST: Teeth extracted by the latest Methodists.

IN A ROME LAUNDRY: Ladies, leave your clothes here and spend the rest of the afternoon having a good time.

IN A CZECHOSLOVAKIAN TOURIST AGENCY: Take one of our horse-driven city tours - we guarantee no miscarriages.

ADVERTISEMENT FOR DONKEY RIDES IN THAILAND: Would you like to ride on your own ass?

IN THE WINDOW OF A SWEDISH FURRIER: Fur coats made for ladies from their own skin.

ON THE BOX OF A TOY MADE IN HONG KONG: Guranteed to work throughout it's useful life.


IN A SWISS MOUNTAIN INN: Special today: no ice cream.

IN A BANGKOK TEMPLE: It is forbidden to enter a woman even a foreigner if dressed as a man.

IN A TOKYO BAR: Special cocktails for the ladies with nuts.

IN A COPENHAGEN AIRLINE TICKET OFFICE: We take your bags and send them in all directions.

ON THE DOOR OF A MOSCOW HOTEL ROOM: If this is your first visit to the U.S.S.R., you are welcome to it.

IN A NORWEGIAN COCKTAIL LOUNGE: Ladies are requested not to have children at the bar.

AT A BUDAPEST ZOO: Please do not feed the animals. If you have any suitable food, give it to the guard on duty.

IN THE OFFICE OF A ROMAN DOCTOR: Specialist in women and other diseases.

IN AN ACUPULCO HOTEL: The manager has personally passed all the water served here.

FROM A JAPANESE INFORMATION BOOKLET ABOUT USING A HOTEL AIR CONDITIONER: Cooles and Heates: If you want just condition of warm in your room, please control yourself

Aug 28, 2007

A forex trader's opinion on the subprime mortagage debacle

Here is a very informative e-mail I received from Mr. Felix Homogratus from whom I receive forex trading signals on a regular basis. Some of you might know and already subscribe to his free service. Anyways, he sent out this informative e-mail that shares what a forex trader thinks about the whole sub-prime mortgage debacle. Enjoy it, and hopefully it will enlighten you on the current situation.

--begin quote--

My partner Rob Grespi, from, was recently asked to write an article for a major financial magazine in Europe, regarding the current economic condition of the US, and subprime mortgage crisis. As a courtesy, he wanted you to get this article, before all the other readers of that magazine get it :) Here it is:


Due to the recent market volatility, provoked by the sudden "subprime loan debacle", many subscribers have been interested to know my personal view on this subject, especially that it is something I have been talking about for the last 4 months. But before I go on with this little dissertation I want you to understand that I don't pretend to be an economist, I simply use "basic economics 101", which is something our financial leaders maybe should use.

Basically, when it gets to be complicated and does not make sense, chances are it isn't right. However I am convinced that they basically complicate the principles of a healthy economic logic so that the average unaware person gets lost and therefore doesn't ask any questions in fear of sounding stupid, or they just repeat what they hear on the media to sound educated during cocktail parties.

I told my subscribers in the room that the recent hasty moves from the Fed, (from several massive injections of cash into the market to the recent 1/2 point rate cut was a desperate and hasty move. This "patch the holes" moves, is rendering the market a great disservice, and it will make things a lot worse for the long term.

Basically, the Fed is adding water pump to a sinking ship, instead of fixing the holes, and eventually the ship will sink anyway, because nothing has been fixed. But I don't think they care, they need to make the masses feel better now, because they need a happy consumer to keep on buying crap.

However as harsh as it sounds and as painful as it will be (but not a politically popular move) it is a needed economic cycle, needed to purge the excess and this imbalance that have been created in order to begin a new healthy, and lasting positive economic cycle. The "band aid solution" ( "instant feel better") will only delay the inevitable and once it comes, instead of going thru a "mild and short recession" it will be a lot more painful possibly creating if not a depression but at least a SEVERE long and VERY painful recession .

This credit debacle is far more serious than most even begin to realize, and here is why I think so:

I have been talking for quite a while now (way b4 all this emerged) that we are at a critical credit and liquidity imbalance , and it goes all the way down to the low income consumer. Our consumption society as a whole is now mostly based on borrowed money, practically no one nowadays has the discipline to save his cash to buy XYZ item or a car or take a vacation. Most spend more time planning "credit vacation" than they spend planning healthy finances.

For example I have witnessed in both Europe and the US (I have lived in both continents long enough and have the advantage of knowing both very, very well) and observed consumption habits on both continents and the similarities are very scary, of course the US is by far still the "the leader of the pack".

In general I have observed that families with medium limited incomes were basically shopping on credit most of the time, either for clothes, cars, food, electronics, and vacation. During X-mass time I was amazed to see so many getting trapped in the "buy now pay later" ingenious concept of stores, not to mention store's credit cards which of course are a dangerous sucker trap. Nowadays just about everything they have in their house doesn't belong to them, but to the financing company, and that includes X-mass toys and vacation they took 2 years ago that they are still paying for, and of course expensive cars.

In my parent's days they saved for everything. But at the end whatever they had in their house was 100% paid for, their vacation was 100% paid for, and they still managed to save some hard cold cash for rainy days.

Today the people not only don't have a decent nest egg, they just don't have any, but they drive Mercedes, BMW's, have entertainment centers that would make George Lucas look like a hobo....

In my parent's days whomever was driving an expensive car (well most of the time) really could afford it and actually had money. Today I see in Europe for example, 20 year old kids making 1.500 euro/month at best driving expensive automobiles. Basically, this consumption society is completely out of whack and is imbalanced.

So when it comes to people and real estate, why are we so surprised? It is the same mentality, they have used their overpriced houses like an ATM machine, courtesy of clever and creative financing method to either make some other ludicrous over priced real estate acquisitions they can't afford (hell, they could barely afford the first one in the first place if it had not been for ("creative mortgage facility"), or buying all types of useless adult toys, not to mention extravagant home improvements or vacations.

They bought into the nonsense of these realtors and the media that real estate would go up indefinitely, these realtors, most of whom are no more than improved shoes salesmen and Tupperware housewives have been taught in an 8 hours seminar learning the cookie cutter classic economic theories why real estate will always go up. The funny thing is I hear the same logic being used in the US and in Europe. They all must attend the same 8 hours seminars, and all become economic experts at the end of it, why not!!! They have certificates of completion to prove it...And the media is basically owned and operated by the ones that want the mass to consume and spend for the benefit of some other companies they own. "The basic Asylum runs by its patients"

Now you might think what is then the relationship with subprime loan? well here it is in a nutshell: ( I will simplify the process for you):

This is what Banks, and financial institutions do (which are more worried of making short term money to obtain fat bonuses and fat executive salaries):

They borrow money in Yen (Japan has the lowest interest rate of all industrialized country) actually at almost 0 %, and they either invest in equity and debt markets around the globe (also creating a bubble on borrowed money, btw), and also they loan that borrowed money to other financial institutions that create all sort of "exotic mortgages", and "credit facility", you name it. Then some other layers of financial institutions re-package all these different forms of loans into high yield financial instruments to be parceled out and sold back to the financial institutions that had borrowed money in the first place. Basically, they are creating a gigantic credit Ponzi scheme on borrowed money with the consumer as its base for guarantee, and since the consumer himself is over extended, I don't need to tell you what will happen next.

Of course we try to find an easy typical fall guy "Wall Street" for creating all these derivative instruments, all they did is they found an opportunity and ran with it to make money.

The real "crew of culprits "are the highest and also the lowest level on the food chain, the higher ones: well, we vote for them and the mass buy into their self serving demagogic promises and speeches, the lowest one is the consumer gullible naivety, and greed.

Almost all financial experts want us to believe that whatever the fed is doing is good. Think again.

This will not save the people that are about to lose their homes, this will not save the basic overextended consumer, since most all exotic Mortgage and credit companies are closing their doors anyway, and even the conservative ones are now on "survival mode", they will not cut any slack to the overextended and delinquent consumer, on the contrary. No matter how much liquidity the FED is pouring and no matter how many times they cut rates. The surviving institutions are now in contraction mode, too busy doing damage control or even saving themselves. The only money they will loan back in the market will be to people that don't need it.

The only thing you will see will be fake "dead cat bounces" but at the end the real estate is "cooked" (actually it has been cooked for over 2 years , the masses just didn't know it yet and still don't even know it or to what extend it will be cooked). Houses that are sold today for 2 million dollars they will be lucky to get 1 million for it, and if they even get that.

Keep in mind that in the next year another $700 billion or so of "adjustable mortgage are due to reset, that is over $170 billion more than this year, and more adjustable mortgages will be reset after 2008.

This massive liquidity and credit imbalance which started over that last 20 years or so is only about to enter a severe readjustment and it has barely just begun. I just don't know how long and how it will play out, but it will play out.

Of course the Fed/government will play some of its "voodoo" economic short term magic tricks just in time to benefit some "crooked, lying, greedy, performing monkey ass politicians" election or re election, and it will make the "masses" feel better in short term, just in time to cast their vote, all this trumpeted by their favorite interested (paid off or own) accomplices "cheer leaders", the media.

Also don't forget, because it is related and will play a major role in this grand skim of things, that the US is running an unprecedented account deficit , basically in less than 8 years the current US administration have borrowed more money than any other administration put together, so if the country enters a severe recession ( which I think it will ) not only the US government does not have a "nest egg" but it has blown its wad by already overextending itself "debt wise" and in a period of decent economic time I may add, (for their own benefit btw, but that is another subject all together) .

So when we finally enter this severe recession the US government has already blown most of its "borrowing options"(during the good times), the only option it has left will be to go much deeper in debt rendering the US dollar as valuable as the pesos, the consequences of that will also be severe, and they will have to raise taxes drastically, just to pay the " bar tab" of the previous administration. So when I hear deficit don't matter they will re think that theory very soon, but of course the "fearless leaders" who left the restaurant with this "orgy tab" will be out of office by then, enjoying their pontificated retirement and collecting book deals, consulting deals, speech deals, and other corporate deals they worked out before, leaving the already over extended US taxpayers to pick up the "orgy bill" (via increased taxes) for decades to come. Hell, the US taxpayers are still paying for the S&L debacle they don't even know it, but trust me there (that was when Mr. Bush senior was VP, interestingly enough, most best S&L debacle asset that went into auctions were picked up at ridiculous bargain prices by some of Mr. Bush Senior's friends .The public was only allowed to bid for the chairs and tables and the bailout package was provided again- courtesy of the taxpayers.


It's Felix again :) So I finished reading this article, and I am like: "So Rob, what's your point?" I guess I like to transfer everything into practical advice.
Here is my opinion on this whole situation. After the Great Depression in the US, World War II followed. During World War II, people went into factories to build military equipment, in order to satisfy the demands of the War. After the War was over, the momentum of American production stayed, but instead factories shifted to producing a lot of the goods for local consumption, so the economy flourished. Now history repeated itself with Asia. Asia was in a mess, before the Americans started to massively consume the goods that were produced there. Asians have been working very hard for very little money to satisfy the Americans and Europeans. The only problem is that instead of paying them real money, the US has mostly been issuing them a bunch of "I owe you X amount notes". And then the US consumer has been buying these goods by issuing the same notes to its government. One of the reasons why the US economy flourished so much is because it's been getting basically stuff for FREE :) Everybody thinks that Asians depend on the US and will keep giving them free stuff forever, but they have such big population, and they have so much momentum in their economy that when the time comes, they'll simply make a similar switch like the US did after World War II, and will simply start consuming their own produced goods.
So what's the point? The point is that the US has been issuing so much money in order to continue getting stuff for free, that it even stopped reporting its money supply a while back. Bottom line is that I think that every person that currently owns US dollars is extremely lucky, because they own something that has a lot more buying power than it's supposed to. So if I were you, instead of using your dollars to buy consumer goods that will depreciate in value very rapidly, I would buy something that's more real and permanent, like gold and silver. Imagine that you own a bunch of toilet paper, and by some madness, everybody thinks that it's worth a lot, but you as a sane person realize, that very soon there will come a day, when people will realize that toilet paper has value indeed, but not as much value as everybody thought it had during this madness.
Anyway, that's my take on it, I may be wrong. I know most Asians are very nice people, so they may just forgive all the debts, and consider that all the manufacturing work they did was nice exercise for their bodies, and they loved doing it so much, that they don't mind not getting paid for it.

Thanks :)

--end quote--

Aug 27, 2007

Time for a brief humorous interlude

IQ test for professionals.
The rest of you can take this also.

1. How do you put a giraffe into a refrigerator?

Correct answer:
Open the refrigerator door, put the giraffe in, and close the door. This question tests whether or not you do simple things in a complicated way.

2. How do you put an elephant into a refrigerator?

Wrong answer:
Open the refrigerator, put the elephant in, and close the door.

Correct answer:
Open the refrigerator, take out the giraffe, put the elephant in, and close the door. This question tests your prudence and practicality.

3. The Lion King is hosting an animal conference. All the animals except one attend. Which one does not attend?

Correct answer:
The elephant. The elephant is still in the refrigerator and cannot open the door from the inside. This question tests whether or not you have comprehensive thinking skills.

If you did not answer correctly the first three questions, this next question is your last chance to show your qualification to be a professional.

4. There is a river inhabited by crocodiles. How do you manage to pass it?

Correct answer:
Swim through it. All of the animals, including the crocodiles, are attending the conference (except the elephant, of course).

Don't be frustrated if you failed this test. According to Andersen Consulting Worldwide, about 90% of the professionals failed the exam. However, most pre-schoolers got it correct, thus disproving the popular theory that most "professionals" have the brains of a four-year old.

Aug 25, 2007

Gold and the sub-prime mortgage problem

Hi everyone. Here is a letter I've received from Paul Tustain, the founder of BullionVault. Like Mr. Tustain, I too am very bullish on gold and I believe that due to this whole sub-prime mortgage issue an increasing amount of investors will flee to what has always been a "safe-haven" in times of great financial turmoil - gold. As I mentioned previously, I keep 25% of my wealth stored in gold bullion and light of recent events I was thinking it might be a wise decision to "stock up" on some more bullion. Ok, so without further ado, here is the article:

Dear BullionVault user,

Once everyone gets back from vacation and starts to focus on
what's really going on, we may be in for a torrid few months in
the financial markets.

I believe the current lull in gold prices could offer a good opportunity
to defend yourself before the real trouble begins.

Since the end of June there has been huge damage done to the finances
of hundreds of organizations worldwide. But much of this pain is
still hidden inside investment funds holding obscure financial
instruments which are now unmarketable.

Too many investment professionals have been backing the same
short-odds gamble - residential housing - and the aggressive
financial arrangements they set up are unravelling a little more
every day.

The underlying problem of non-paying U.S. mortgage debt is getting
worse, not better, but this fact is being forgotten in the current
rate-cut induced rally in shares and bonds. Short of organized
double-digit inflation I don't believe there is a force capable of
halting the slide in subprime U.S. property prices.

On top of that, we still have the extended pain of increasing
rates hitting more U.S. home-buyers as their "teaser" deals end.
The Financial Times says this trend has barely begun.
It won't peak until the end of summer next year.

The world's largest financial organizations have already taken
big hits - quietly, for the moment - but it really is hurting, and
we are seeing things that just shouldn't happen in a well-ordered
financial world.

** Fund managers are not producing credible fund valuations; they
have frozen values using old prices, and are forbidding the normal
result, which is investors exiting.

** No-one can price mortgage-backed derivatives at the moment,
and no-one really knows how the underwriters of credit default
swaps are pricing the insurance time-bomb they're sitting on.
These horrible investments are in many cases worth nothing, and in
the case of credit-default swaps, less than nothing.

The current lull might prove an opportunity for the prospective
gold buyer. Gold has not yet moved up - in fact, it has dipped a
little as stretched investment funds have sold whatever they can
to raise cash and reduce their margin calls.

I cannot sign off without remarking on the apparent "flight to
quality" which on Monday this week saw U.S. Treasuries put in their
strongest day since Black Monday 1987.

U.S. Treasury bonds are part of the fast-growing and utterly
irredeemable $9 trillion public debt now outstanding in the
United States. The U.S. trade deficit was also on record-breaking
form again last month. Only a few short weeks ago these dreadful
statistics drove the U.S. Dollar to record lows against a basket
of major world currencies.

Only a lack of imagination would allow investors to think suddenly
of the U.S. Dollar as today's "quality" refuge. Any respite for
the Dollar will surely be temporary; indeed, the bounce we saw
during the sharpest stock-market losses so far may have simply
been short-covering by Dollar bears (of which there are plenty)
rather than fresh buying of “quality”.

Everything that has just happened in fact makes things worse for
the U.S. currency. At the heart of this current crisis lies the
bubble in poor-quality U.S. home loans. It is U.S. consumers who
are being pinched; it is the return on invested U.S. Dollars which
is now being cut.

Lower U.S. rates on the back of America's weakening domestic economy
will re-kindle a Dollar slide in due course. So the current lull
may offer only a brief window, in which fewer, stronger Dollars
buy more gold than they soon will.

Kind regards,
Paul Tustain
Director, BullionVault

Well said Mr Tustain! Thanks for your attention.

Solution to get your e-gold account unblocked

I just came across this very useful post on the NoBSNetwork Forum.

Over the last 1-2 days there have been a huge number of e-gold accounts being blocked. We believe they may be blocking accounts that they feel are involved in money laundering or illegal activity. They may also be blocking accounts that they feel have the wrong personal contact information associated with them. Here is a copy of an email E-gold will send you with the reason of the block:
Your account has been blocked under our Rights of Association clause in the
account user agreement.
Quoting from the e-gold Account User Agreement:
Terms of Use
— begin quote
4.6. Right of Association
Issuer reserves the right to refuse service to particular individuals or
entities, at its sole discretion, with or without cause.
— end quote
There are people who have done nothing wrong, and now have thousands of dollars in e-currency locked in their accounts. Luckily E-gold promises to resolve the issue and unblock accounts as long as you send them information to verify your contact details in your account. Here is the email you will most likely get if you contact support about an account being blocked:
In order for us to assist you with the block we will need due
documents. Please mail (or preferably, use a courier service such as
Fed Ex
or DHL) original notarized copies of all of the following information:
a) A signed and notarized affidavit listing: Name, address, and
number for the owner of e-gold account 4470514
b) Copy of a telephone or utility bill that has the same address stated
item A.
c) Notarized copy of Passport or Driver’s license for the account
Addressed to:
175 East Nasa Blvd.
Suite 300
Melbourne, FL 32901
Attn: Due Diligence Unit
Please include a copy of all email correspondence on this matter with
due diligence documents.
Thank You,
e-gold Service

So, please make sure you have correct information in your e-gold profile, and if you don't now is the time to correct it.

That's all for now. Take care.

Aug 22, 2007

News about my proposed blog move

Well my dear readers, I am rethinking moving my blog to WordPress just yet. I was under the mistaken impression that I can just forward to my new domain. So what I intend to do is wait a bit until I have my WordPress blog all setup neatly the way I want it and purchase a domain and just move all the content over to the new blog. I'll let you all know at least a week ahead of time before I bring the new blog live. Also I'll put a big note on this blog's header so everyone will see the news.

The only bad thing about this move is that it will kill my page rank.

Ok, that's it for now, I'll keep you guys posted on anything worth mentioning. Take care everyone.

c-gold announces new features

The people behind c-gold have added an IP challenge mechanism to their system. Here is a quick explanation of how the feature works from that release:

The strongest - and recommended - security settings are limiting access to a specific IP address, and an email challenge is sent when users enter correct login data from any other connection. The system allows users to disable this security measure, or to weaken it by picking multiple IP locations and machines.

Aug 21, 2007

I am thinking of moving this blog to WordPress

Hello my dear readers. Lately I have been contemplating moving my blog to a dedicated host and using the WordPress blogging platform. I am still in the process of learning WordPress and getting my test blog to look like this one. Hopefully soon I will have everything done and you'll all be able to bow down to my elite blogging skills. That was a joke btw :)...Take care everyone.

Aug 19, 2007

Red Hot Silver program removed fro my blog due to fear of it being a potential scam

Hi everyone. One of my readers brought to my attention some disquieting information about a former program called BullionClub which I believe is more recently incarnated as EasyBullion. I had here on my blog a silver investment program called Red Hot Silver which from my research is operated by the people from EasyBullion.

I decided to remove it as there is a slight chance that this program could turn out to be a scam and I for one DO NOT want to be lending support to scam programs by my blogging efforts.

Go HERE for the link to the original Red Hot Silver review which has some comments below that you should definitely check out!

Also I would like to ask those of you who have had bad service from EasyBullion/Red Hot Silver (as in not getting what you purchased etc) or those of you who have more detailed info about the company and people behind these websites to step forward and release this information. I would be glad to publish it here on my blog.

I may or may not reinstate this program when I feel 100% that it is legit and not some elaborate scam.

Take care everyone and I hope to hear from you all.

Aug 18, 2007

Forex Trading Tips

Hey everyone. I've complied a list of good tips that novice FOREX traders should all read. I hope it helps to make you a better trader. Take care.

Tip 1.

Gamblers go to casino. All unproved, spontaneous actions in Forex trading are a part of pure gambling. Any attempt to trade without analysis and studying the market is equal to a game. Game is fun except when you are losing real money...

Tip 2.

Never invest money into a real Forex account until you practice on a Forex Demo account! Allow at least 2 month for demo trading. Consider this: 90% of beginners fail to succeed in the real money market only because of lack of knowledge, practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their skills on demo accounts for years before entering the real market. A good demo account to start practicing with could be, for example, FXGame from Oanda.

Tip 3.

Go with the trend! Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to reach trading goals.

Tip 4.

Always take a look at the time frame bigger than the one you've chosen to trade in. It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frame, take a look at 1 hour chart; trading hourly would require obtaining a picture of daily, weekly price movements. If a trend is hard to spot . choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what's happening in the market here and now (during 5-10 minute time frame) should be of only importance to a Forex scalper.

Tip 5.

Never risk more than 2-3% of the total trading account. One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in the row. Even with the same trading system 2 traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

Tip 6.

Put emotions down. Trade calm. Don't try to revenge after losing the trade. Don't be greedy by adding lots of positions when winning. Overreaction blocks clear thinking and as a result will cost you money. Overtrading can shake your money management and dramatically increase trading risks.

Tip 7.

Choose the time frame that is right for you. Choosing wise means that you are comfortable and have time enough to analyze the market, place and close orders etc. Some people can't wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 10-15 minutes is a hustle to be able to make the right decision.


Tip 8. Not trading or standing aside is a position.

When in doubt, stay out. If it is not clear where the market will move, don't trade. In this case saving present capital is and absolutely better choice than risking and losing money.

Tip 9. Learn to use protective stops. Respect them and don't move.

Hoping that market will turn in your direction is a very delusive hope. By moving a stop loss further a trader increases his chances to end up with much bigger loss.

When holding to a losing trade too long, and even if funds permit, traders as a rule are very reluctant to accept big losses, thus often continue "hoping for best". In the mean time invested money is stuck in the open trade for unknown period of time (weeks and even months) and cannot be used for opening new positions. Not working money, dead money. Also this will result in constant interest payments for holding open positions.

Tip 10. "Keep it simple, stupid" applies to indicators, signals and trading strategies.

Too much information will create a controversial picture of where to trade and when not to. To avoid lots of confusion create a simple but working method of trading Forex.

Tip 11. Think about risk/reward ratio before entering each trade.

How much money can you lose in this trade? How much can you gain? Now, make a decision if the trade is worth entering.
Example: if trader is looking for possible 35 pips gain and possible 25 pips of loss, such conditions are not worth trading. Compare it with the situation when a trader has 100-120 pips of potential gain and only 10-20 pips of possible loss. This is the trade to open!

Tip 12. Never add positions to a losing trade. Do add positions when the trade has proven to be profitable.

Don't allow a couple of losing trades in a row become a snowball of losing trades. When it is obviously not a good day, turn the monitor off. Often not trading for one day can help to break a chain of consecutive losses. Trying to get revenge can often make things worse.

Tip 13. Let your profits run.

Let your position be open for as long as the market wishes to reward you. Of course, for this traders need a good exit strategy, otherwise they risk to give all profits back...
Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits.

Tip 14. Cut your losses short.

It's better to finish unprofitable trade quickly than wait for the situation to get worse. Don't put a stop loss too far, it's your money you risk. Better calculate the best spot to enter when a potential loss would be minimized. Again: respect your stop and don't move it "cherishing hopes".

Tip 15. Trade currency pairs in respect to their active market hours.

Learn about overlapping market hours: when two markets are open and highest volume of trades is conducted.
For example, Australian and Japanese trading sessions are overlapped from 8pm to 1 am EST. At that time trader can successfully trade AUD/JPY currency pair.


16. Choose the right day to trade.

This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make a difference between successful and hopeless trading.

It's proved and highly recommended not to trade on Mondays, when the market has recently awaken and is making first "probation steps" to form a new or confirm a current trend; and on Fridays afternoon, during the huge volume of closing trades. The best days to trade are Tuesdays, Wednesdays and Thursdays.

17. Learn about Fibonacci levels and how to use them for trading.

Fibonacci can be very helpful in trading, even partially using the study, for example, to determine the best exit, can bring traders to a new edge of trading.

18. Always ensure that a signaling bar/candle on the chart is fully formed and closed before you enter a trade.

A golden rule of trading: "Always trade what you see, not what you would like to see" is the best explanation here.

19. If you ask for someone else's advice as about how and when to trade

In other words, choose to rely on live trading signals from other traders, make sure you do it for your benefit, not for disaster. If you use such signals to discover how other traders do analysis and study on the price, you are on the right track and soon you'll be able to do analysis yourself.
But if you're just blindly following recommendations and your only task is to push the correct button... think again.

20. Using a highly leveraged account comes at a cost.

It will, of course, give a trader more financial gear to trade, and also trader's broker will be happy as it will mean higher spread income for him. On the other side a trader signs up for additional risks that multiply with higher leverage in a "friendly tight" proportion.

21. Learn to measure trading success by the end of the day, week and then month and year.

Do not judge about your trading success on a single trade. To be successful traders don't need to win every trade, they also don't become rich in one trade, they need to be profitable in a long run.

22. There is no such thing as a secret approach to understanding the market.

Take the time to develop a solid trading system and find out that the secret to trading success lies in hard work and constant learning.

Aug 17, 2007

New Affiliate Program: Affiliate Program


Sorry for the lack of recent posts guys, but I've been extremely busy with FOREX trading. Recently the GBP/JPY pair (well, all carry trade pairs) tumbled like a rock and I was busy taking advantage of that and netting some very nice pips :). Anyways, today I have a new affiliate program that I came across. It is being offered by, and as you can guess by the name alone it obviously has something to do with art.

Founded in 1995, is the leading online marketplace for prints, posters, photographs, limited editions and custom framing. With its distinctive collections and high-quality custom framing service, offers consumers over 1.4 trillion product combinations.

The Affiliate Program is FREE to join, so you have nothing to lose and a hefty commission check to gain!

From my research I've found out that's Affiliate Program has been in operation since 1998, so they're not exactly an upstart program. Another cool thing is that the program is available to just about every country.

Ok, now for the all important info; money!

When and how do I get paid?

They send out checks approximately 30 days following the end of the month. If you have reached your minimum payout level (set as low as $20), they will send you a check in US dollars for the percentage of sales you referred to our website Affiliate Program has a tiered commission schedule; here it is:

Less than $500 25%
$501 to $2000 26%
$2,001 to $5000 27%
$5,001 to $10,000 28%
$10,001 to $20,000 29%
$20,001 and up 30%

As you can see you can earn some nice $ with this affiliate program. I think that pretty much covers it all. Those of you who like art or think that you can effectively promote art products will surely enjoy this money maker. I wish you all the best of luck and permit me to raise a toast to your success. Thank you for your attention.

Aug 13, 2007

New PTC/PTR program: ClixDaddy

Hi everyone. This is going to be a short post so don't expect any verbosity. Basically I just wanted to let you all know about a new "Paid to Click" (PTC) website that I've found. This website is called ClixDaddy, and it appears in the "beta" stages. You get paid 1 Cent per each ad you view. There aren't many members yet (like 370 so far), so for those of you who are into the PTR/PTC arena (or those of you with too much free time on your hands) can get in early and referr a lot of people and earn mucho dinero ($$$). Das ist alles fur, ok, ok, I'll stop with the foreign languages :p

Money quotes

enjoy these money quotes...

"I wish everyone could get rich and famous and everything they ever dreamed of so they can see that's not the answer."
~ Jim Carrey

"He that is of the opinion money will do everything may well be suspected of doing everything for money." ~ Benjamin Franklin "If you would be wealthy, think of saving as well as getting."
~ Benjamin Franklin

"Who is rich? He that is content. Who is that? Nobody."
~ Benjamin Franklin

"Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery."
~ Charles Dickens

"If all the rich people in the world divided up their money among themselves there wouldn't be enough to go around."
~ Christina Stead

"Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game."
~ Donald Trump

"If you want to know what God thinks of money, just look at the people he gave it to."
~ Dorothy Parker

"I'm living so far beyond my income that we may almost be said to be living apart."
~ e e cummings

"The only way not to think about money is to have a great deal of it."
~ Edith Wharton

"Save a little money each month and at the end of the year you'll be surprised at how little you have."
~ Ernest Haskins

"My problem lies in reconciling my gross habits with my net income."
~ Errol Flynn

"The mint makes it first, it is up to you to make it last."
~ Evan Esar

"Lack of money is the root of all evil."
~ George Bernard Shaw

"Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy."
~ Groucho Marx

"If you can count your money, you don't have a billion dollars."
~ J. Paul Getty

"I have enough money to last me the rest of my life, unless I buy something."
~ Jackie Mason

"A large income is the best recipe for happiness I ever heard of."
~ Jane Austen

"A wise man should have money in his head, but not in his heart."
~ Jonathan Swift

"Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary."
~ Julius Rosenwald

Aug 11, 2007

New affiliate program: IncrementalGold

I found another e-currency exchanger that has a worthwhile affiliate program. The name of the e-currency exchanger is IncrementalGold and from my knowledge they've been around for a while and are an established e-currency exchanger. Here is your chance to profit from the e-currency exchange business by referring clients to their site. In exchange they will offer you 20% of their fees! I'd say this is far better than what Goldex and other e-currency exchangers offer (especially eForexGold). The the program is free to join.

How Does It Work?
When you join the IncrementalGold affiliate program, you will be supplied with a range of banners and textual links that you place within your site. When a user clicks on one of your links to IncrementalGold, their activity will be tracked by our affiliate software. If that user makes a purchase on our website, your account will be credited with a sale (commission).

Real-Time Statistics And Reporting!
Login 24 hours a day to check your sales, traffic, account balance and see how your banners are performing.

Affiliate Program Details
Payout Type Pay-Per-Sale
Payout Amount 20% for every sale you generate and 15% of all sales generated by 2nd tier affiliates!
Payout Threshold $30.00 USD - Minimum balance required for payout.
Payout Duration The e-gold payment will be sent on the 5th of each month, for the previous month.

This affiliate program should appeal to those of you who are savvy about the e-currency exchange industry. So, I wish you all success and hope you make lots of e-gold! Take care.

Review: Open2exchange P2P Gold Exchange

Greetings everyone. I am back with another review. This one is geared towards those of you who are interested in e-currencies and trading gold-backed digital currencies. The name of the site that I am going to review is called Open2exhange (aka O2E). O2E is basically an e-currency bourse ("stock" exchange). It allows you to buy or sell your gold currencies on an open market 24/7. This will no doubt save you the hefty commission fees charges by most e-currency exchange businesses.

Now let's get into some commonly asked questions about Open2exchange (O2E).

How much is the membership fee?
Membership to Open2exchange is free.

How much are the brokerage fees?
Each time a trade is executed, Open2exchange automatically calculates a brokerage fee. This fee is exactly .40% of the value of the trade in if the trade is in PCX (Pecunix) and exactly .40% of the value of the trade if the trade is in any of the other supported Internet golds. This brokerage fee is divided equally between the buyer and the seller, so each party in the transaction pays 0.2% of the transaction value for PCX trades and 0.2% of the transaction value for the others.

How do I add funds to my account?
You can fund your account directly with e-gold, Pecunix, Webmoney Gold (WMG) or Loomster O2E-$. Open2Exchange does not accept ANY direct national currency funding. No account holder can withdraw national currency directly from Open2Exchange, its not possible. USD account withdrawals can be done via Loomster O2E-$. Example: If you have $100USD you can withdraw it and receive 100 O2E-$ on the Loomster system. To fund your account with digital currencies other than those we accept, please visit an exchange agent and convert to an accepted digital currency. Open2Exchange is not an exchange agent and does not sell digital currency.

Does Open2exchange protect my privacy?
Open2exchange will never divulge any of your information to any third party without a court order from a court of suitable jurisdiction. All your information in the Open2exchange database is encrypted with extremely strong AES encryption to ensure your protection.

Why can't I cash out my balance of gold?
For security reasons, we only allow your account to cash out to your verified gold account. To load your verified gold account into the Open2exchange system, simply upload some gold from your gold account to the Open2exchange account using the "balances" page. Once you have uploaded gold, your account number will be saved by the Open2exchange system and all future cashouts will be made to that account.

Do I pay the brokerage fee if I cancel an open trade?
No, brokerage is only charged by the exchange as a trade is closed.

In addition to offering you the ability to trade digital gold currencies you can also exchange between e-gold and pecunix as well as exchange between metals (such as e-gold silver, palladium, platinum, etc).

To join this innovative site simply click on any of the Open2exchange links dispersed throughout this review (all of link open up in a new window)

I hope this site will be of service to you and I'd like to thank you for visiting my blog. Take care!

Update from PPREI admin

Here is the latest update from the PPREI Admin crew. For those of you who had concerns (like me) that they took off and ran, well, this should quell those concerns; for just kidding :) your money is safe. Take care everyone.

Resend of earlier email update just to let you know we are still working on it.


How are you?

You may notice that the PPREI site has been unavailable. This is because we are updating to the new site. Unfortunately we have to manually move over all invested amounts as the 2 sites are not compatible and as such we cannot move the details from the old site to the new site automatically.

This being said, please watch for the new site and a new email once it is online by the first part of next week (I am shooting for Tuesday).

As for those that have previously been paying monthly into the Early Bird plan.......We will now be accepting wires directly to us as well as Ebullion and PayPal. More details on how the move from FriendlyPay to these will work next week.

Thank you kindly

Aug 10, 2007

Attention savers: Achieva Financial has increased their interest rate

Good day my fellow Canadians. Yes, sorry, this post is targeted to Canadian citizens who are interested in high-interest savings accounts. I just learned that Achieva Financial (one of the banks that I reviewed here) has increased the interest rate on their savings account to 4.35% (per annum).

However Achieva still does not have the highest interest rate of any Canadian bank. For that you're going to have to look to ICICI Bank Canada who offers a rate of 4.50%. If you are interested in opening up an account with ICICI Bank Canada and you want to get $20 free then e-mail and I'll send you a special invitation.

That's all for now. Take care everyone, and thanks for taking the time to read my blog.

Aug 9, 2007

Legisi hits the wall, e-gold accounts seized

A very popular online investment club called "Legisi" has just "hit the wall". Check out this post from the No BS HYIP Blog for further information.

Okay guys, this is it.

Legisi had most of their e-gold seized on April 2007 *before* they went private.

Greg lied to his investors, he told them nothing and still accepted their money while going private. For those hoping to get their hard earned cash out of Legisi. Tough luck, you wont.

Total amount seized - over $1.7 MILLION dollars.

I knew it. Legisi was too good to be true. How many more of these scammers have to show up, before people learn their lesson?

Sources : Talkgold, Cattyshaq, Clifton

For more detailed info you might also want to check out the following links:

Federal District Court Filings & Dockets

Also check out this post on the website (post 39 in the Legisi thread)

Here is some particularly damning wording court case documents:

The transaction history shows that, while there were some payments out to investors (generally in the tens to hundreds of dollars), the vast majority of funds were simply taken out of the account for use by McKnight.

Approximately 5440.90856 grams ($3,443,852.80) was exchanged out for national currency through Omnipay orThe Bullion Exchange. Another e-gold account, number 2828872 in the name of “LIDO Consulting LLC” and also controlled by McKnight, received 892.133009 grams ($550,000) from account 2636005.
Not cool at all. The moral of the story should be obvious to all.

Better Money

Here is a recent post by Dr. Douglas Jackson (found of e-gold) on the e-gold blog where he discusses why e-gold is "better money". I agree 100%.

The trademarked slogan "Better Money" is displayed on the homepage of the e-gold site. As best I recall, I came up with that one myself. In making this claim my intent was (and is) to stimulate thinking and discourse along the lines of "In what way(s) can one brand of money be better than another?"

Thinking back, the logic for what I'm going to say next derived from an essay I read in '97 or '98 by Antal Fekete. I just now tracked it down again and it is still online. I haven't re-read it again in detail so I don't want to imply I agree with everything it says though on a quick scan it still looks pretty worthwhile.

Fekete described money as "a transmitter of value through space and time…with the least possible loss". Transmission of value through time correlates to money's role as a store of value. Transmission through space is a reference to money's usefulness as a medium of indirect exchange, that is, a means of effecting payment. It looks to me like he meant or was emphasizing physical space, distance.

I prefer to think of the space part as transaction space, where value is conveyed from a payer to the recipient of payment, a change of ownership or entitlement.

So how can one brand of money be better than another?

Money that does not lose its exchange value over time - relative to goods and services, relative to other brands of money - would generally be better than money that did. I say generally because, as with most propositions, there are exceptions -circumstances where some participants in a money economy stand to gain from a decline in exchange value. There are also circumstances where an increase in exchange value can be disruptive, creating winners and losers. At some point I hope to expand on this. It ties into (among other topics) discussions on balance of payments, an area where e-gold or any globally oriented and designed currency can alter or invalidate existing paradigms in an interesting way.

e-gold's performance as a store of value perfectly mirrors physical gold since it is backed at all times by a 100% reserve. For present discussion purposes, suffice it to say that gold has a long track record of being ascribed exchange value and is unlikely to become worthless pending very significant advances in physics. [There is, by the way, a provision in the e-gold Account User Agreement that could be triggered in a circumstance where gold is no longer scarce in an economically meaningful way.]

How about the other dimension - preservation of value across transaction space?

In the long run, which I define as the post-transitional phase after e-gold has been embraced by mainstream institutions and is fully integrated into banking/payments/financial arrangements, many payment mechanisms will be unaffected. A credit card transaction will be a credit card transaction regardless of whether the payables or receivables are due in GBP, USD or AUG.

There are two payment scenarios though where e-gold can offer unique advantages, something better, than what is possible with legacy brands or money.

The first case is direct acceptance of e-gold, as it currently exists, for payments over the Internet.There is not a single entity that currently accepts payment online who would not stand to reduce their costs and extend their market reach by adding e-gold as an alternative, additional option. e-gold is the only truly global payment platform. An online retail merchant can accept e-gold from anyone anywhere at extreme low direct cost, with immediate settlement and no risk of payment reversal (chargeback) even if the payer has no plastic, no credit history, even if they are unbanked altogether.

The direct cost issue is significant. Imagine a large retailer selling computers online and accepting plastic. The fee for accepting a credit card payment for a $2,000 computer may be higher than $20. The fee for receiving the same value in e-gold would be e-gold's maximum Spend fee - 5 gold cents, that is, 5 cg of e-gold, equivalent at current exchange rates to less than $1.20.

For the recipient of payments using a credit card intermediary such as PayPal or Neteller, the differential is even wider. The payment processing fees for these services must incorporate the full credit card fee (since that is how a payment is usually "funded") and add a further markup to cover their costs of adjudicating disputes such as when (as is not uncommon) they suck payments back from recipients. For every $1 million of payments processed via PayPal [eBay/PayPal uses the term Total Payment Volume or "TPV"], PayPal extracts over $38,000 in revenue. PayPal's revenue, of course, constitutes the expense of their users. With e-gold, in contrast, for every $1 million worth of velocity, the system deducts Spend fees totaling about $2,000 worth - one nineteenth as much. Both of these pale, though, compared to the vig that Neteller extracts, $138,000 per every $1 million "receipted", more than 65 times the fees e-gold charges. Youch!

The second case where e-gold can afford benefits unachievable with any other currency relates to its function as a settlement platform. The truly unique and unprecedented characteristic of e-gold is not that it is digital, or tied to gold, or online. It is the fact that end users can directly access the settlement platform... without going through any financial intermediary. To tell this story though requires a clear understanding of the role of liability in monetary arrangements.

PPREI (Paradise Properties Real Estate Investments) website is down

Hmmm, it appears that the PPREI website is down and has been down for quite a few days now. The last update I heard from the admin (Rupert) was on the PPREI forum where he mentioned something about bringing the new website online. Well, it has been a while and I don't see why it could be taking so long just to bring online their supposedly new website. If anyone has any information about what is going on please get in touch with me. Thanks.

Aug 7, 2007

FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution

This Telly Award-winning documentary, which features presidential candidate RON PAUL, was inspired by the book, "The Creature From Jekyll ... all » Island" by well-known author, G. EDWARD GRIFFIN.

Find out why some feel the Federal Reserve's practices are a violation of the U.S. Constitution and others feel it's simply "a bunch of organized crooks." Discover why experts agree the Fed is a banking cartel that benefits mainly bankers and their corporate clients as well as a Congress that would rather increase the National Debt to $9 trillion than raise taxes. Find out how the corporate media facilitates the partnership between the Fed and Congress and why it fails to disclose what's going on. Lastly, find out how the Federal Reserve member banks are owned and controlled by an elite group of insiders.

Produced by attorney William L. Van Alen, Jr., (cousin to John Jacob Astor IV), this 1-hour documentary is a co-production between Matrixx Productions and Cornerstone Entertainment. In addition to interviews by G. Edward Griffin and Congressman Ron Paul (R-Texas), FIAT EMPIRE features interviews with media expert/MOVIEGUIDE Founder, DR. TED BAEHR, as well as constitutional attorney, EDWIN VIEIRA, Ph.D., (with four degrees from Harvard). FIAT EMPIRE was written and directed by Hollywood filmmaker, James Jaeger, and narrated by Kris Chandler with music by Jack Rooney. Associate producers are Ted Pollard (author and former Commissioner of Radnor Township); James E. Ewart (well-known author of MONEY) and Kenneth Gullekson (formerly with DISNEY).

Aug 6, 2007

More money related jokes :) Enjoy!

"Did you know I've taken up a career as an author?"
"Have you sold anything?"
"Yes, my TV, my car and my watch!"

Statistics prove that the best time to buy anything is a year ago!
The shortest measurable interval of time is that between when you put away some money for an emergency, and the arrival of the emergency.
In order to get a loan, you first need to prove that you don't need it.
The world's best salesman is the one who sold two milking machines to a farmer with one cow, and then accepted the cow as down payment.
Two holidaymakers at the Great Barrier Reef were chatting. One said, "I'm here on insurance money. I got $10,000 for fire damage." The other replied, "So am I, but I got $50,000 for flood damage." The first one thought a while and then said, "Tell me, how do you start a flood?"
Housewife: "Inflation is terrible! I just went to the supermarket and put a down-payment on a ham!"
A good citizen should pay his taxes with a smile, but the government always insists on money...
"I see your previous boss says you were a real live wire salesman. I'm pleased to know that! What were you selling?" "Live wires, sir!"
"There's only one honest way to make money. Only one." "What is it?" "I thought you wouldn't know it!!!"
A real penny pincher went into a church and put a five cent piece in the offering. One the way home, he was caught in a rain storm, so he crawled into a hollow log. The rain and his wet clothes made the wood swell, and soon he was stuck fast. Scared, he started thinking about his sins. Finally he remembered the five-center in the offering. That thought made him feel so small that he slipped out of the log and went home.
Two unionists were passing a construction site and observed a backhoe bulldozer hard at work. One said to the other, "That horrible machine! If it wasn't there, six men with shovels could be on that job!"
The other one replied, "And if it weren't for your six shovels, 200 men with teaspoons could be at it!"

The tribal wisdom of the Dakota Indians, passed on from one generation to the next, says that when you discover you are riding a dead horse, the best strategy is to dismount. However, in modern business, because of the heavy investment factors to be taken into consideration, often other strategies have to be tried with dead horses, including the following:
  • Buying a stronger whip.
  • Changing riders.
  • Threatening the horse with termination.
  • Appointing a committee to study the horse.
  • Arranging to visit other sites to see how they ride dead horses.
  • Lowering the standards so that dead horses can be included.
  • Appointing an intervention team to reanimate the dead horse.
  • Creating a training session to increase the rider's load share.
  • Reclassifying the dead horse as living-impaired.
  • Change the form so that it reads: "This horse is not dead."
  • Hire outside contractors to ride the dead horse.
  • Harness several dead horses together for increased speed.
  • Donate the dead horse to a recognized charity, thereby deducting its full original cost.
  • Providing additional funding to increase the horse's performance.
  • Do a time management study to see if lighter riders would improve productivity.
  • Purchase an after-market product to make dead horses run faster.
  • Declare that a dead horse has lower overhead and therefore performs better.
  • Form a quality focus group to find profitable uses for dead horses.
  • Rewrite the expected performance requirements for horses.
  • Promote the dead horse to a supervisory position.

It's not hard to meet expenses, they're everywhere.
I started with nothing, and I still have most of it left.
A lottery is a tax on people who are bad at probability.
A very successful businessman was out of town, residing in the best 5-star hotel in the city. To his horror, he was treated as just "another customer". Determined to show his great riches and importance, he loudly requested the waiter to bring him $100 worth of bacon and eggs for breakfast. The waiter realised he needed a wake-up call and replied (for all in the room to hear), "Sorry sir, we don't serve half portions!"
"Stick 'em down! One false move and I'll blow my brains out!" "Don't you mean Stick 'em up?" "No wonder I'm losing money..."
Executive: Someone who believes in sharing the credit with the one who did the work.
"I'm looking for someone to lend me $50." "You've got a nice day for it!"
Who's afraid of the depression? I've failed in boom times!
The best way to make ends meet is to get off your own.
"What? $1000 for that antique? But you only wanted $450 for it last week!" "You know how the cost of labour and materials keeps going up!"
Business is so bad that the bankruptcy court has opened a drive-in window!
Is it true that income tax is a form of capital punishment?
I owe a fortune, but I'm still not unhappy. Think how bad it would be to be one of my creditors!
Crook: a business rival who has just left the room.
A local idiot was constantly teased by being offered a 10c coin or a 20c coin. He always chose the ten-center. When asked why, he said, "If I ever pick the big one, they'll stop offering!"
Money isn't everything - there are also stocks, bonds, letters of credit, traveller's cheques, drafts, ...
After 40 years of hard work, he retired with $9,000,000, which he had gained through courage, diligence, initiative, skill, devotion to duty, thrift, efficiency, shrewd investment, and the death of an uncle who left him $8,999,999.50.
"My dad writes a couple of lines, calls it a poem, and gets $50 for it!"
"My dad writes a few squiggles on lines, calls it a song, and gets $75 for it!"
"My dad reads a sermon from a pulpit, and it takes four deacons to collect the money!"

I have enough money to last me the rest of my life - unless I buy anything!

Aug 5, 2007

GDCA Issues Industry Wide e-Bullion Warning


Due to numerous unanswered complaints, the Global Digital Currencies Association would like consumers and merchants to be aware that closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.
This unscrupulous policy makes E-bullion an unfavorable system for online commerce and for the safe and secure storage and transfer of funds.
We recommend that E-bullion account holders switch to a different digital currency immediately in order to avoid frozen accounts and loss of funds, such as:

GoldMoney -

Pecunix -

Liberty Reserve -

c-gold -

Phoenix Dollar -

e-gold -

Zotspot: Get paid to search the web

zotspot - get paid to search

Greetings once again. I am back with another way for you to make money. I guess I just don't know when to quit. How would you like to get paid for searching the internet? Sounds good? I thought so. Zotspot will give you just that.

What is zotspot?

zotspot search is an Internet search website that shares its revenue with you, the user. You can keep your earnings or donate them to one or more causes (e.g., charities or universities). zotspot enables you to increase your monthly earnings by referring your friends (read below for more details). zotspot is incorporated in the state of New York and has relationships with numerous reputable organizations such as Bank of America and News Corp.

How do I earn money?

You earn money by:

  • Using zotspot as your primary Internet search engine, and
  • Referring people (or organizations) to the zotspot service.
How do I get paid?

Payments will be made via PayPal. If you reside in a country which does not support PayPal accounts, there is no way to retrieve your earnings at this time. However, you can still donate your earnings to the many charitable causes on our site.

I hope that you will make lots of money with this one. Thanks for reading my blog.

Review: Bidvertiser

Hello everyone. Today I am going to briefly review a very popular google AdSense/AdWords like company called Bidvertiser.

First let's look at the Advertiser portion of Bidvertiser's offering:

You'll probably be spending most of your time as an Advertiser in what Bidvertiser calls the" Ads Center". The first thing you have in the Ads Center interface is the "Ads Manager" sub-interface. The Ad Manager allows you to do the following:

  • Set Bids - view your current selected categories/sites and their associated max bids.
  • Edit Sites - Edit your categories/sites selection for your ad.
  • Edit Ad - change your ad title, description and URL.
  • Geo Targeting - Display your ads only to users from country or countries you select.
  • Delete Ad - delete an ad and permanently stop it from displaying.
  • Pause - temporarily stop an ad from displaying.
  • Resume - resume displaying a paused ad.
  • Daily Cap - set the maximum daily spending for an ad.
Next you have "Add New Add" which is self-explanatory. Then you have "Daily Budget. By setting your Daily Budget, you can control your costs. BidVertiser displays your ads as often as possible while staying within your Daily Budget. When the limit is reached, your ads will stop showing for that day. You may change your Daily Budget as often as you like.

Last but not least is "Performance Tracker". The BidVertiser Performance Tracker allows you to count how many of the clicks we are sending to your website are converting to sales, signups, leads or any other user behavior you deem valuable. This valuable information will help you identify how effective are your ads and categories/sites you have selected.

Of course there are other critical sections of the interface that for the sake of brevity I cannot go into, but suffice it to say that all your needs will be met. I have been advertising on the Bidvertiser network for a while now and so far I have never had a need that could not be satisfied.

Now, let's look at the section for Publishers:

The publishers interface is simple and effective. It has three subcategories: Add New Bidvertiser (obvious one), Template Design, and Ads Status. Now you may be wondering how much money you can make by being a Publisher. That all depends on many variables. The first variable is the perceived value of your website's chosen category (when you add a new publisher zone you will be forced to categorize your website). Categories such as "Casino & Gambling" are obviously of higher value because of increased market competition. Advertisers compete to have their ads be displayed on your site and therefore drive up the CPC (cost per click). I've noticed that some categories have a suggested minimum cost per click of $1 and more. In other words, you can make a lot of money if your site generates lots of hits.

One of Bidvertiser's great selling points is that you can finely tune the type of visitors you want to your site or the type of ads you want to be displayed on your site. Let's say you're an Advertiser and your site is about computer hardware reviews. Ok, well, what you want to do then is publish to websites that are related to your specific market niche. On the other hand if you're a Publisher what you'd want to do is make sure you categorize your site properly so that Advertisers can display relevant content on your site.

Unlike google, Bidvertiser does not maintain two websites with different names (ie AdSense & AdWords), instead they have one encompassing interface which gives you the ability to use Bidvertiser as either a Publisher or as an Advertiser.

If you're mainly interested in being an Advertiser click over here

New advertisers get $20.00 in FREE clicks!

If you're mainly interested in being a Publisher click over here

Best of luck to you all and I hope this post was useful to you.

Aug 4, 2007

New PTR program:

Hi everyone. Here is another PTR program that I've discovered called ClickBux. I know the name might remind you of AdBux, but trust me, the backed of the website is nothing like AdBux. What this program does have in common with AdBux is that you'll be paid $0.01-0.02 per ad. The minimum payout is $6.99 via Paypal or e-gold. What really sucks about this PTR program is that in their terms it says that payout payments will be made within 30 days.

I really don't have time to test any more PTR programs so I was thinking that it would be great if some of you could either let me know if you've been paid by this website or click away at the ads until you reach payout and see if you get paid and then let me know about it; either case would be great. I tried to search for some info on google but so far I haven't found any disturbing information.

So, either please post a comment on this blog or e-mail me at allinvain6 at if you've been paid by this PTR program.

Thanks, and have a great day.

Financial/Money Jokes

Here are some pretty funny jokes about money. I will try to update this posting and add some more jokes as I find them. Enjoy :)


A woman proudly told her friend, "I'm responsible for making my husband a millionaire." "Well what was he before he married you?" the friend asked. "A billionaire."


Washington, D. C.
A tour guide was showing a tourist around Washington, D. C. The guide pointed out the place where George Washington supposedly threw a dollar across the Potomac River. "That's impossible," said the tourist. "No one could throw a coin that far!" "You have to remember," answered the guide. "A dollar went a lot farther in those days."


Graduation Day
It was graduation day and Mom was trying to take a picture of their son in a cap and gown, posed with his father. "Let's try to make this look natural" she said. "Junior, put your arm around your dad's shoulder." The father answered, "If you want it to look natural, why not have him put his hand in my pocket?"


The Stock Report
Helium was up. Feathers were down. Paper was stationary. Knives were up sharply. Pencils lost a few points. Hiking equipment was trailing. Elevators rose, while escalators continued a slow decline. Light switches were off. Mining equipment hit rock bottom. Diapers remained unchanged. Shipping lines stayed at an even keel. Balloon prices were inflated. And batteries exploded in an attempt to recharge the market.


A dollar per point
A professor was giving a big test one day to his students. He handed out all of the tests and went back to his desk to wait. Once the test was over the students all handed the tests back in. The professor noticed that one of the students had attached a $100 bill to his test with a note saying "A dollar per point." The next class the professor handed the graded tests back out. This student got back his test, his test grade, and $64 change.


The conservative businessman got on the elevator and curtly asked the bellboy to take him to the 18th floor. "Sure thing, son," replied the bellboy. "How dare you call me son!" exclaimed the outraged man. "Well," replied the boy, "I brought you up, didn't I?"


A letter from a college student
The parents of a Northwestern student who just headed back from holiday received this letter: Dear Mom and Dad: Univer$ity life i$ $o wonderful! Cla$$e$ and $e$$ion are intere$ting, my cla$$mate$ are the be$t! But after $pending all my ca$h on Chri$tma$ pre$ent$, I am in a little need for $ome $pending money for book$ and $uch. But I don't want to $end the wrong $ignal$ home.


Your $on


Insufficient Funds
A young college co-ed came running in tears to her father. "Dad, you gave me some terrible financial advice!" "I did? What did I tell you?" said the dad. "You told me to put my money in that big bank, and now that big bank is in trouble." "What are you talking about? That's one of the largest banks in the state," he said. "there must be some mistake." "I don't think so," she sniffed. "They just returned one of my checks with a note saying, 'Insufficient Funds'."


Saving money
Mother had decided to trim her household budget wherever possible, so instead of having a dress dry-cleaned she washed it by hand. Proud of her savings, she boasted to my father,Just think, Fred, we are five dollars richer because I washed this dress by hand. Good, my dad quickly replied. Wash it again!


You Know You're Rich When...
During a cold winter night you can't find any more firewood so you hack the leg off your Steinway grand piano and use it to keep the fire going until your butler shows back up with something more flammable Your children play monopoly with real money.


God's Time And Money
A preacher went into his church and he was praying to God. While he was praying, he asked God, "How long is 10 million years to you?" God replied, "1 second." The next day the preacher asked God, "God, how much is 10 million dollars to you?" And God replied, "A penny." Then finally the next day the preacher asked God, "God, can I have one of your pennies?" And God replied, "Just wait a sec."


A man being mugged by two thugs put up a tremendous fight! Finally, the thugs subdued him and took his wallet. Upon finding only two dollars in the wallet, the surprised thug said "Why did you put up such a fight?" To which the man promptly replied "I was afraid that you would find the $200 hidden in my shoe!"


Female intelligence
A man, who loved money more than just about anything, said just before he died to his wife, "Now listen. When I die, I want you to take all my money and put it in the casket with me. I want to take my money to the afterlife with me. When he died she did what she had promised, came over with the money box and put it in the casket. Then the undertakers locked the casket down, and rolled it away. So her friend said, "Girl, I know you weren't fool enough to put all that money in there with your husband!"

She said, "Listen, I'm a Christian. I can't go back on my word. I promised him that I was going to put that money in that casket with him. "You mean to tell me you really put that money in the casket with him!!!!? "I sure did," said the wife. "I wrote him a check."


A business owner decides to take a tour around his business and see how things are going. He goes down to the shipping docks and sees a young man leaning against the wall doing nothing. The owner walks up to the young man and says, "Son, how much do you make a day?"

The guy replies, "150 dollars."

The owner pulls out his wallet, gives him $150, and tells him to get out and never come back.

A few minutes later, the shipping clerk asks the owner, "Have you seen the UPS driver?? I asked him to wait here for me!"


A businessman walked into a New York City bank and asked for the loan officer. He said he was going to Europe on business for two weeks and needed to borrow $5,000. The loan officer said the bank would need some security for such a loan.

The business man then handed over the keys to a Rolls Royce that was parked on the street in front of the bank. Everything checked out and the loan officer accepted the car as collateral for the loan. An employee then drove the Rolls into the bank's underground garage and parked it there.

Two weeks later the businessman returned, repaid the $5,000 and the interest which came to $15.41.

The loan officer said, "We do appreciate your business and this transaction has worked out very nicely, but we are a bit puzzled. While you were away we checked and found that you are a multimillionaire. What puzzles us is why you would bother to borrow $5,000?"

The business man replied: "Where else in New York City can I park my car for two weeks for fifteen bucks?"


Remember laughter's the best medicine, unless you're asthmatic, then its Ventolin.

Ever wonder about those people who spend $2.00 apiece on those little bottles of Evian water? Try spelling Evian backwards--NAIVE.

Double your money
The quickest way to double your money is to fold it in half and put it back in your pocket.

Why is the man who invests all your money called a broker?

If you lend somebody ten pounds and never see them again..... it was probably worth it.

Borrow money from a pessimist - they don't expect it back

Hard work
As long as my boss keeps pretending that I am earning a lot, I go on pretending that I work hard.

Who gets a rise because of his excellent performance must have been underpaid for some time.

Being successful
A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.


A vacuum sales man appeared at the door of an old lady's cottage and, without allowing the woman to speak, rushed into the living room and threw a large bag of dirt all over her clean carpet. He said,"If this new vacuum doesn't pick up every bit of dirt then I'll eat all the dirt."

The woman, who by this time was losing her patience, said, "Sir, if I had enough money to buy that thing, I would have paid my electricity bill before they cut it off. Now, what would you prefer, a spoon or a knife and fork?"


A company, feeling it was time for a shakeup, hires a new CEO. This new boss is determined to rid the company of all slackers.

On a tour of the facilities, the CEO notices a guy leaning on a wall. The room is full of workers and he wants to let them know he means business!

The CEO walks up to the guy and asks, "And how much money do you make a week?" Undaunted, the young fellow looks at him and replies, "I make $300.00 a week. Why?"

The CEO then hands the guy $300 in cash and screams, "Here's a week's pay, now GET OUT and don't come back!"

Feeling pretty good about his first firing, the CEO looks around the room and asks "Does anyone want to tell me what that goof-off did here?"

With a sheepish grin, one of the other workers mutters, "Pizza delivery guy from Domino's."