|
I
cannot understand how I can get paid using Internet?
Let us explain. Offline you use physical currency (USD, Euro,
etc), online you are using virtual money
that is equal to dollar, for example. We are using e-gold that is backed up
by physical gold and can easily be converted back into physical cash.
So if you want to pay via e-gold, you have to fund with cash via the
so-called exchangers.
To buy e-gold you will need to pay the exchanger. You can do it via credit
or debit card, bank wire transfer, Western Union, etc. The exchanger will
then transfer e-gold into your e-gold account.
You can transfer e-gold back into offline currency using the same method.
HYIP
HYIP stands for High Yield Investment Program. HYIPs are purported
investment programs normally offered via the Internet. HYIPs typically
accept investments of $100 or less while promising high returns. The
introduction of e-currencies such as e-gold and StormPay (although almost
all HYIPs do not use StormPay as of February 2006, see StormPay article for
why) has made it easy for HYIPs to operate across international boundaries,
and to accept large numbers of small investments.
No HYIP has, as yet, survived for very long without turning out to be a
scam. Scam HYIPs are Ponzi schemes, in which new investors (usually
unwittingly) provide the cash to pay a profit to existing investors, which
they could then withdraw leaving nothing to pay the new investor. This
approach allows the scam to continue as long as new investors are found
and/or old investors leave their money in the scheme, known as compounding
(because even higher profits are promised).
HYIPs are frequently advertised in spam emails, forums or mailing lists,
since people are typically given a commission (for example, 9% of invested
funds) when they provide a referral of a new customer.
HYIPs typically are not based in the United States, Europe, or Japan -
countries that have strong laws against unregistered investment programs.
HYIPs disclose little or no detail about the principals, management,
location, or other aspects of whom is getting the money to be invested, and
relatively little information (other than asserting that they do various
types of trading on various stock and other exchanges) on how their
investment programs actually work.
Autosurf
An autosurf is a type of online advertising program. Autosurfs are basically
traffic exchanges that automatically rotate advertised websites in one's
Internet browser. They are capable of bringing a huge amount of traffic to
the advertised websites. Members (ad viewers) earn credits for each site
that they view, and these credits can then be spent to advertise the
members' sites by adding them to the autosurf rotation. Sites may
additionally be added by external advertisers who pay the autosurf
operators.
Autosurfs differ from manual traffic exchanges in that the site rotation is
automatic; an ad viewer need not respond or even view the sites. Many
autosurfs also pay their viewers a percentage or hourly commission to view
the advertised sites. On the web as of 2005/6, a large number of autosurfs
are investment autosurfs: members pay an "investment" fee and are promised a
certain "return" on their fee. The "investment" is claimed to be (usually
disguised as) a membership or upgraded membership fee and the "return", a
per-site commission. There is a strong possibility that most investment
autosurfs are Ponzi schemes, and thus breaking the law and/or deceiving
their users.
The Ponzi Scheme
When Ponzi was released he eventually made his way to Boston, Massachusetts.
There he met an Italian girl, Rose Gnecco, who was swept off her feet by
Ponzi's charm. He refrained from telling her about his years in jail, but
his mother sent her a letter, and Gnecco remained in love anyway. By 1918
they were married. For the next few months he worked at a number of
businesses, before hitting upon an idea to sell advertising in a large
catalog to be sent to various businesses, similar to the yellow pages. The
idea never got off the ground, and his company failed soon after.
A few weeks later Ponzi received a letter in the mail from a company in
Spain asking about the catalog. Inside the envelope was a "postal reply
coupon", which he had never seen before. He asked up about it, and the Ponzi
scheme was born. The basic idea behind the postal reply coupon was to allow
the sender to buy stamps in the foreign country for reply mail, instead of
requiring the recipient to pay for them. For instance, a lawyer could send a
document to England for reading, including a coupon that would pay for
English stamps to allow the recipient to send it back.
The rates for the coupons had originally been fixed during an international
postal union in 1907, setting the local price of each coupon to buy an equal
amount of stamps in any country. For instance, one might pay 50 pence in
England for a coupon, or 1 dollar in the US, the two amounts being equal at
the time. When the war ended, many European currencies were massively
devalued. However, because the exchange rate on the coupons was not changed,
one could buy such a coupon for the original rate and exchange it for stamps
at the current exchange rate.
Ponzi noticed the postal coupon purchased in Europe for about one cent in
American funds could be cashed in for about six American one-cent stamps.
The first step was to convert his American money into a currency where the
exchange rate was favorable. Ponzi's foreign agents would then use these
funds to purchase postal coupons in countries with weak economies. The stamp
coupons were then exchanged back into a favorable foreign currency and
finally back into American funds. He claimed that his net profit on these
transactions, after expenses and exchange rates, was in excess of 400
percent. A form of "arbitrage", or currency trading, such a transaction is,
in itself, legal.
Ponzi began to canvass his friends and associates to get backing for his
scheme. He offered them a 50 percent return on their money in 45 days, or a
doubling of their money in 90 days. The great returns available from postal
reply coupons, he explained to them, made such incredible profits easy. He
started his own company, the Securities Exchange Company, to promote the
scheme.
Ponzi's sales pitch was smooth and low-key. He managed to get a few
investors, and paid them off as he had promised. The word spread, and
investors began to come in the door at an increasing rate. He hired agents
and paid them generous commissions for every dollar they brought in. By
February 1920, Ponzi's total take was $5,000 USD, a tidy sum for the time.
That was just the beginning.
By March, he was up to $30 thousand. A frenzy was building, and Ponzi began
to hire agents to take in money from all over New England and New Jersey. If
investors were doubtful, he would overwhelm them with his line of talk. By
throwing his impressive pay-off rates at people, he could often persuade
would-be investors.
By May 1920, he was up to $420 thousand. He began depositing the money in
the Hanover Trust Bank, in hopes that once his account was large enough he
could impose his will on the bank or even be made its president. He in fact
managed to get a controlling interest in the bank.
By July 1920, he was up to millions. Widows were mortgaging their homes,
people were taking their life savings to invest with the clever Ponzi. Most
did not collect their interest, but reinvested.
Ponzi was bringing in cash at a fantastic rate, but the simplest financial
analysis showed that he wasn't making money, he was losing it rapidly. For
every dollar he took in, he went more deeply into debt. As long as money
kept flowing in, Ponzi would stay ahead of the eventual collapse.
Ponzi lived luxuriously: He bought a mansion with air conditioning and a
heated swimming pool, and brought his mother from Italy in a first-class
stateroom on an ocean liner. He was a hero among the Italian community, and
was cheered wherever he went.
E-gold
e-gold is a digital gold currency operated by Gold & Silver Reserve Inc.
under e-gold Ltd., and is a system which allows the instant transfer of gold
ownership between users. There are over three million e-gold accounts. About
one quarter of those are active.
As of May 2006, e-gold had 3,784,689 grams of gold in storage, which is
worth approximately $86 million. There are typically 66,000 e-gold spends
each day, with a total value each day of about $10.5 million (that is, about
460 kilograms of gold). In comparison, PayPal handles transfers of
approximately $60 million per day.
History
e-gold was founded in 1996 by Dr. Douglas Jackson and Barry K. Downey.
Transactions using e-gold have grown dramatically since 2005. The total
amount of gold bars (over three tonnes) in the e-gold system is approaching
the size of the national reserves of smaller countries. e-gold now generates
a substantial income from spend and storage fees — it costs a few cents to
make each e-gold "spend" and e-gold itself now earns well over a million USD
per annum from fees.
The number of e-gold accounts (as claimed by e-gold) grew from 1 million in
November 2003 to 3 million on 22 April 2006. That represents a compound
growth rate of approximately 55% per annum. This high growth rate has been
sustained by e-gold almost since inception.
|
Foreign exchange market
The foreign exchange (currency or forex or FX) market exists wherever one
currency is traded for another. It is by far the largest market in the
world, in terms of cash value traded, and includes trading between large
banks, central banks, currency speculators, multinational corporations,
governments, and other financial markets and institutions. Retail traders
(small speculators) are a small part of this market. They may only
participate indirectly through brokers or banks and may be targets of forex
scams.
What is Forex trading?
Forex (Foreign Exchange) is the name given to the direct access trading of
foreign currencies. With an average daily volume of $1.4 trillion, Forex is
46 times larger than all the futures markets combined and, for that reason,
is the world's most liquid market.
Marketiva Services
Marketiva offers a wide range of services and products specifically designed
to meet the unique and changing needs of individual and institutional
traders worldwide. Our commitment to providing high quality service and
innovative business solutions has enabled us to successfully establish and
maintain numerous partnerships worldwide. Through these partnerships we are
able to provide our clients with a set of additional services tailored to
their specific needs.
Currency
A currency is a unit of exchange, facilitating the transfer of goods and
services. It is a form of money, where money is defined as a medium of
exchange (rather than e.g. a store of value). A currency zone is a country
or region in which a specific currency is the dominant medium of exchange.
To facilitate trade between currency zones, there are exchange rates i.e.
prices at which currencies (and the goods and services of individual
currency zones) can be exchanged against each other. Currencies can be
classified as either floating currencies or fixed currencies based on their
exchange rate regime. In common usage, currency sometimes refers to only
paper money, as in "coins and currency", but this is misleading. Coins and
paper money are both forms of currency.
In most cases, each country has monopoly control over its own currency.
Member countries of the European Monetary Union are a notable exception to
this rule, as they have ceded control of monetary policy to the European
Central Bank.
In cases where a country does have control of its own currency, that control
is exercised either by a central bank or by a Ministry of Finance. In either
case, the institution that has control of monetary policy is referred to as
the monetary authority. Monetary authorities have varying degrees of
autonomy from the governments that create them. In the United States, the
Federal Reserve operates with full independence from the government. It is
important to note that a monetary authority is created and supported by its
sponsoring government, so independence can be reduced or revoked by the
legislative or executive authority that creates it. In almost all Western
countries, the monetary authority is largely independent from the
government.
Several countries can use the same name, each for their own currency (e.g.
Canadian dollars and US dollars), several countries can use the same
currency (e.g. the euro), or a country can declare the currency of another
country to be legal tender. For example, Panama and El Salvador have
declared US currency to be legal tender, and from 1791-1857, Spanish silver
coins were legal tender in the United States. At various times countries
have either restamped foreign coins, or used currency board issuing one note
of currency for each note of a foreign government held, as Ecuador currently
does.
Each currency typically has one fractional currency, often valued at 1/100
of the main currency: 100 cents = 1 dollar, 100 centimes = 1 franc, 100
pence = 1 pound. Units of 1/10 or 1/1000 are also common, but some
currencies do not have any smaller units. Mauritania and Madagascar are the
only remaining countries that do not use the decimal system; instead, the
Mauritanian ouguiya is divided into 5 khoum, while the Malagasy ariary is
divided into 5 iraimbilanja. However, due to inflation, both fractional
units have in practice fallen into disuse.
See Non-decimal currencies for other (mostly historic) currencies with
non-decimal divisions.
|
|