Tuesday, August 09, 2005

sick joke ...

I do not believe there is any criminal or malicious intent among IT Principals or Board of Directors. It is my opinion that difficulties we have experienced with implementation of IT as a source of income are result of lack of experience and knowledge – factors which I believe can be improved.

Such lack of experience and knowledge to me begs a question why and how IT Principals thought they could accomplish what they set out do, as outlined in original Parent Body, unless they had some timetable to gain those two necessary elements that would keep pace with IT growth. Perhaps they were “caught with their pants down” in that regard as IT grew much faster than they anticipated … which also leaves me puzzled, because we know well enough the need in the world for alternative income.

Should have been no surprise that IT would grow as fast as it did. Only surprises me that the growth “spurt” did not come sooner. I think only because many waited to see results before joining. Once IT had a three-month “track record” that was enough to convince the masses.

The future of IT hangs in the balance now – whether IT has active professional traders on board and trading has continued through the “trials” we do not know. The basic premise of IT I believe to be sound. The real challenge in my view is that such an innovative idea as IT does not go unnoticed. Regulators in every jurisdiction wanting their “piece of the pie” pales in comparison to those business owners who feel threatened by what IT can do.

As example, we need only look at HYIPs, very few of which, if any, are legitimate - the bulk of HYIPs being clearly Ponzi Schemes not backed by ANY active or legitimate trading. Owners of such “businesses” will not sit still in face of success of International Traders or any like business that will deliver a good return to depositors. It would mean loss of easy revenue to them.

HYIP owners and those who run forums “rating” HYIPs have a vested interest in continuing their ripoff schemes which benefit the few at expense of many. That HYIP “business” is what they understand. They know HYIP is not a term favoured by the public, which is why it is not surprising when HYIP owners and related forum owners point to a struggling legitimate business like IT and label it HYIP or Ponzi.

To do otherwise would be like expecting them to talk about racing cars in nautical terms. HYIP owners and owners of related forums set themselves up as “protectors” of the public at the same time they promote the very online “businesses” which rip off the public they claim to protect. For as many years as that sick joke has persisted, I can only wonder why so few see it.

1 Comments:

Blogger http://graceolsson.com/blog said...

Hey....how are u?I knew that u visited me...thanks....

3:39 PM  

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