Re: e-gold News updated

NUK wrote:
>
>
> Whenever e-gold or any other upstart gets remotely near that point, the
> Feds would simply kill it. It's really no different than why countries
> got off of the gold standard in the first place: lack of ability to
> alter economies and trade. Government and countries are not going to
> allow their decison-making to be threatened by a currency without borders. 
>
> NUK
>   

E-gold, and any other entity doing a similar stunt like Phoenix-Dollar,
sorry
Gordon, but you do the exact same thing, pretending to be offshore with
your silver,
using encrypted databases, etc, but in reality sitting in the US, open
for extortion, subpoenas, visits, raids - you name it,
are threatening the monopoly of state controlled (fiat)currency issue
(with no intrinsic value),
are empowering the average man from the street to move money (with
intrinsic value!) at low costs around the world, and if properly
structured, even untraceable. This is a nightmare situation for ANY
government of this world - and of course all fractional reserve
operating banks.

Until now the whole digital currency market
was not of any concern, as it clearly was only used by geeks and other
avantgardistic folks. Ok, e-gold has been around since 9 years, but of
which the first 5-6 years were only 'testing the waters', nothing
serious. This has changed in the past 3 years, and e-gold is on the way
to become mainstream..The abuse by scamsters is of course cited by the
FEDS to justify the raids, confiscations and other oppressive means. We
all know too well, that any cash payment has the exact same implications
as any digital gold currency, but it serves well the FED's agenda to
single out the abuse in the digital gold markets.

Do you think that this development will be left alone by the FEDS? Think
again.

The only long term approach for an alternate and
non-national-state-controlled currency is to run such an 'enterprise' as
a 'cyber enterprise', with operates distributed redundant servers all
over the world, so no jurisdiction applies. Will e-gold make this move?
I doubt it. If they continue to exist, they will be an 'open book' to
the FEDs, and/or become an evil payment operator like pRayPal.

Dr. Tomaz de los Santos
Chief Executive Officer
First Digital International Bank
https://secure.1stdigibank.com
Bridging old finance with new ideas!