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Invest. Clubs Archive 6
Welcome and please feel free to share info on Investment Clubs for the benefit of all bloggers. Please keep the content of a high quality and of course humour is required from time to time. For older comments on this Page (Investment Clubs), please view the ARCHIVES under categories in the side bar. During the archive process, note that comments numbers unfortunately will be adjusted.
Coreg said
Hello Bloggers,
I would like for you all to look into all this new information that has suddenly been appearing on a certain blog it seems that we could learn something from the “book the art of war”. You see bloggers sometimes people use there own cause to start a massive war to make it seem like it’s being done from the other side and make it seem legitimate. I will not say much more about this but please look into the sudden burst of information flooding the blog. There have been very good PR people working under allot of aliases to manipulate the situation and that is just what they want us to believe when they are the same ones at with us. It goes to show the level of security that O provided in keeping clients information safe. We need to ask how could this happen and why it’s all coming out light. If it just a cover up on O part?
chris said
Re:980….I got a call from someone who’s sister worked in the office in Mobay. The wordis that Higgins has begun to pay back…since November 11, 2008. You are required to send your contact number, address (they will send a BOA cheque by Fedex) a copy of your contract and a letter from a JP stating you are who you say you are. All this is to be scanned and e-mailed to admin@higginswarner.com. They then send an auto response with 12 days to wait for delivery of a cheque. You will be able to track the fedex package from the
website after the 7 days for processing.
G fizzle said
Hello All, hope all is well with everyone, especially in these times of economic crisis. Does any one have any info on Higgins Warner, I saw the posting on the website, but hey it’s Higgins Warner, it aint really real, till it’s real. if anyone has a copy of the email that has been going around, could you please send it to me at jhonagre@gmail.com. Thanks. One love
Greg
Kevin said
This page is now an archive. Please now cease from posting on this page. Please use the main page “Investment Clubs” in page headers.
PEI said
Hello good people
Maria,Patricia or Paige anybody hear anything more from UWIN?. I notice on the site they change the statement to show a 100% loss from oct 07 to Sept 08. They say howevr that you will get back the principal. I just cant get any word I call I email but just no word on when. Anybody get any $ from hem yet ?Paige you seem to have a link can you get any info for us? Thanks
very positive said
Fancy D,
Please forward me the telphone numbers for WW to ghtravel@verizon.net.
Thanks in advance.
maria said
naw . that is a gag.
Mercury Vapor said
Olint members, you should look at the posts here:
http://www.highyieldsource.com/forum/index.php?topic=253.405
Vela Invest said
Always looking!!!
NFA and Rove Capital
VICTOR TAM, director / senior trader ARTHUR LEE, director / senior trader
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0399938&rn=N
http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0400582&rn=Y
http://www.nfa.futures.org/BasicNet/Details.aspx?entityid=0399938
Comment said
I had a few thousands in rove but i have decided to cut it down to just $1200 this month just playing it safe in times like this. But i trust that rove will continue to perform.
Comment.
Vela Invest said
Lets see if Rove can keep it going.I hope so.
Mercury Vapor said
Hi everyone, I just checked Rove Capital’s performance. They returned 4.05% for October. Nice to see they made a profit because last month the return was almost zero, and in August they made a small loss.
http://rovecapital.com/Dresden%20Account.html
Overchill said
http://www.highyieldsource.com is back online everyone.
Olint-for-life said
Good day to my blog friends.
Stay strong, believe in God, and hope for the best.
Here is some interesting reading.
http://money.cnn.com/2008/10/31/news/economy/reserve_primary_fund.ap/index.htm?postversion=2008103107
Money-market fund returns first $26B to investors
Reserve Primary Fund ‘broke the buck’ in September amid a rush of redemption calls.
October 31, 2008: 7:30 AM ET
NEW YORK (AP) — A money-market mutual fund that “broke the buck” amid a rush of orders to pull out cash has begun returning an initial $26 billion to investors who had been unable to access their money for more than a month.
The first in an unspecified number of distributions from the Reserve Primary Fund began Thursday with checks being mailed to retail-direct shareholders, Reserve Management Co. said. Payments to all other shareholders will be made by wire on Friday.
Each investor is getting about half their current account balance, the company said. It said all investors are being treated the same, whether or not they tendered redemption orders, and that the payout is being done on a pro-rata basis.
“This distribution marks a significant step in the process of liquidating the Primary Fund and distributing money back to shareholders,” Reserve Management Co. President Bruce R. Bent said in a statement. “We are committed to making future distributions when more cash becomes available.”
The fund had total assets of about $51 billion as of Sept. 30. It held $64 billion in assets on Sept. 12, before a soured investment in Lehman Brothers debt triggered a rush of institutional investors pulling out cash.
On Sept. 16, the rapid sell-off of assets caused the value of fund assets to fall to 97 cents for each investor dollar put in — the first instance in 14 years of a money-market mutual fund “breaking the buck,” or having its per-share value fall below $1.
Reserve Management froze redemption orders. That led institutional investors to pull out cash from that fund and others, creating fears about the safety of the $3.4 trillion in assets held in money-market funds, and a new temporary government money fund guarantee program.
Reserve Management said it is “focused on liquidating the fund’s holdings at amortized cost as quickly as possible.”
chilly said
Dehustle @963,
Our people are very funny. DS could agree to pay 75 cents on the dollar of the principal investment, as many have indicated they would be happy to accept, and it would still come back to bite him in the butt, with people still calling him a thief. This whole shortfall should never have happened in the first place, and we should be thankful it has been caught sooner rather than later. Like many others, I am facing severe financial hardship because of my inability to access my monthly gains. I look at it like this, if DS is able to return my May 31st 2008 balance over the next 6 months, I would be much better off than most other investors who are experiencing a free fall in other traditional investments.
pissed off said
Hi Judith
Pls let me know when you get your money from Higgins-Warner
I saw the message on their website
Thanks o bunch
Dehustle said
K@959
too funny
Chilly @ 958
Like how yu have the ears of those who have the ears to DS
Tell him right now nuff pple would prefer to get even 50-60% of dem money now and will sign all paper renouncing rights to balance !!
What Good is 100% one year from now (note his email didnt say exactly when the 9 mths start ) when di house dun foreclose and di medication run out
An yes Kill me ded some money lef somewhere but it cant stretch
Carl said
Richus
Please send a copy of the email from the HW investor to
carl_harris11@yahoo.com
Thanks
Patricia said
Re UWIN, PEI and Paige it seems as if not even the membercare in St. Lucia can get any word from Mr. Williamson. I called the office and spoke to a rep who said they have not received any word as to when they can make payments, but they are hoping that they’ll get some word within the next 2-3 weeks from the principals. So I asked point blank if they are having a difficulty communicating with them and the rep said yes they have not been able to get through. The rep repeated the bail out funds story but that was it.
Paige you need to organise a personal visit to TW in Norbrook and for those in South Florida on his family there
RedP said
Well folks, thats it, Wayne Chen is now the UDC chairman. The wolf goin get ALL the choice property dem now.
Aaah life.
PEI said
Exxon Mobil: Biggest profit in U.S. history
Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes
Me know a guy that used to go Georges, him a big man now and a senior executive VP at Exxon, him been there over 20 years…good to know one a we well set.
On another note, Maria..the Wolf getting lick cause AIC really feeling it. I wonder if he will have to sell it. They losing money left right and center and plenty big companies jump ship leave them
Chilly when next you link with DS ask him if him dont have any emergency money put aside plenty people feeling it bad bad and worse the Christmas coming.
K said
chilly, my good man…..
all I can say is we are in the “The Second Trimester” of this pregnancy.
I hope DS is taking the prenatal vitamins and visiting the doctors regularly for a healthy delivery.
Things could get more complicated in the coming months
chilly said
RedP @ 956,
Hope is a good thing. As believers we tend to expect the best because of what we have seen God do in the past. Of course we also know that God has his purpose in every success, and in every failure as well.
Anyway, this is what I understand from a source very close to DS.
DS has not been properly aligning trades with placements. Many members were receiving credit for trades in which their funds were not part of the pool being traded. I happen to have visited DS in May, at which time he told me was conducting an internal audit. Instead of trying to readjust the respective accounts, and possibly invite additional lawsuits, he has decided to trade the account to match the May 31st 2008 account balances, disburse the funds, and close the Club.
K said
why are staff still on payroll and managers going to Turks to consult with the boss regularly…
Redp, I have nothing to suggest that is indeed occurring.
RedP said
Good morning #4 Bus!!
I dont write off my funds yet. No fat lady has sung so far. Think about it, if O was a la CP, why are staff still on payroll and managers going to Turks to consult with the boss regularly? When cp closed doors staff was not retained for a long period at all. Supm to think about still.
I may sound like a broken record, or a gullible fool, but God is the God of the impossible. Have faith.
Love unnu,
RedP
PEI said
Paige Thanks for that. I tell you I am just fed up with all these lies. DOnt just send one person send a massive ah people.Breakfast Club or Cliff Hughes need to flydown on Tony Williamson and him son Dwight in Florida. people rired of the run around now. Imagine the man from ww who people have it tosay is a shady man is paying but the christian people dem is hiding behind lies.
Lots of Money you know I not holding out any hope with O anymore but what the police man say about the trades for DS is that for OTCI or is that for TCI FX did he specify?
Next thing Daryl should step down to how him mix up in this racket but me know nutten nuh go suh ah yard
Paige said
PEI
I called the toll free St Lucia office for Uwin today and they claim they don’t know anything. I attempted to call williamson but the number I have is now giving a recording that the call cannot be completed now. Maybe I need to send someone up to his house in Norbrook to give him a face to face call.
Opportunity said
Lots of Money said
“…bottom line is this, the most disturbing fact from all of this is the confimation from Superintendant Knight of TCI stating that the largest trade DS ever made was a trade in the amount of $300,000.00 US and the largest profit made was roughly $50,000.00 US……considering that the pool of estimated funds were somewhere in the range of $500 billion…and that is being conservative…..something’s right with that picture…..”
This clearly isn’t the full picture. This must be related only to the TCI fund. Remember that we don’t hear a peep about the other $XX Billions yet. So those numbers are just what the TCI authorities know bout.
Lots Ofmoney said
Hello again to the board….and as usual, surprise to see the board not buzzing about yet again today’s Breakfast Club program this morning…..
….it seems copies of the email received from Daryl V were produced and authenticated by the Breakfast club….and so were copies of letters sent out to the PM and copies of info sent to ACP Green….so all documents were authenticated and stories verified…..and apparently Breakfast club did in fact contact DV by phone to get him to come onto the club this morning to tell his side of the story but was greated by a string of expletives….and they also mentioned that from the lack of mention of any of this story in the Gleaner or the Observer could also show the validity of the statement made by DS of having both of those papers “locked”….
…bottom line is this, the most disturbing fact from all of this is the confimation from Superintendant Knight of TCI stating that the largest trade DS ever made was a trade in the amount of $300,000.00 US and the largest profit made was roughly $50,000.00 US……considering that the pool of estimated funds were somewhere in the range of $500 billion…and that is being conservative…..something’s right with that picture…..
….my final conclusion from listening to the interview is this…, perhaps a lawsuit is the way to go in an attempt to get what little of the money is left to go around…I feel that if and when monies are dispersed, by sueing, that might get you higher up on the list of creditors…., so rather than waiting for all of the bigger fish to get paid…..perhaps all of us little fish can come together as a group and become the biggest fish of all….just a thought…
….why else would a personal friend of DS for some 30 odd years be suing if he thought he could just sit and wait.. I don’t know Sean but his story sure sounded authentic,and the fact that Mr. Abrahams from the breakfast club did mention that he was very goods friends with Sean’s parents does reflect some validity to the character of Mr. Belcher.. …..Sean Belcher has not only been in dialogue with DS but has visited him quite a few times already and the last time if I heard correctly was in July of this year….and the fact that Belcher’s dad also lives on the island gives a lot of credence to his story….
….looking forward to the boards comments…..
PEI said
No Fancy D me ah talk bout UWIN and say that you lucky you have number to get through with WW.Anybody here getting through to UWIN by phone and can say what is going on? Please give us a shout
Fancy D said
RE: 949
I ALWAYS get thru to WW….how is it that you dont have any number to call. They SAID other people have been getting paid. I talk to them at least once a week
Carl said
richus
Could you also send me that email from Higgins Warner to the following address, carl_harris11@yahoo.com
Thanks.
PEI said
Fancy D at least you have number to call all now UWIN dont even prekeh pon we. For the past month me trying to find out when me will get my little pennies. I try by phone but numbers ring no answer or dont work. i send email and give them my number and not a blessed thing them tell me. Right now to how I feel I wouldnt want see all Missa Williamson in person everybody taking people for idiots with there lies.
PEI said
Morning gentle people. I never hear that discussion on breakfast club so Lots of Money thanks for that news. All I have to say is that I dont understand the lack of respect showing to members by DS and the lawyers. I know the lawyers dont act for us but still you mean to say nobody cant give no official update. Is no secret that plenty members suffering especial those who join since last year and dont get back any money at all. Is pure rumour and nothing certain. that hard man and is not every body have money to get lawyer. How long these investigations going to drag out while lawyers eat out the money? If money around to pay lawyer then pay people something as a sign of good will.
Fancy D said
Re: 943
Yes thats what I been hearing. I call WW everyweek and every week they tell me a different story. This week they telling me people with monies invested over $3000 will be getting paid in LATE November. Every month it move to the next month
K said
LotsofMoney, you know I always appreciate your updates.
I never listened of course but I really don’t know what to make of that.
Seems like I have to place it in the “hear say” category yet again until I can hear some official release good or bad from DS seemingly top-class legal team.
You know what I have a problem with. After seeing how all those attorneys (whom I thought would have had some bit of moral fiber) representing Carlos Hill took the last bit of money going to courts….Did they not know he was a sham or they just did not care?
DS gets his set of lawyers for all I know they could be in the same barrel as CArlos Hill attorney ..just milking it until no more cashflow.
So if TCI only has 5mil frozen..why is there a hold up in just paying out?
OK let’s say he wants to clear his name in TCI, I guess after that he plans to pay out?
Also, are they going on a witch hunt with these other jurisdictions? TCI investigated and found nothing based on what I am reading so what they are going to call up other countries to do the same in their land.
Carlos said
Richus, my email address is green.worlds@hotmail.com
Carlos
HBJ said
breakfast club supposed to be continuing discussion on david smith tomorrow.
Overchill said
Read the small print on that ncb promotion, theyre good at small print. With all thats going on lately, US$ is one of the last currencies I want to be tied into for years.
bigson said
you brother &sister know any one who get momey from ww i herd they only paying out to people who invest from $300-$2000 herd they scap the online potal
V Happi said
Good day all
Re# 940
Well said Lots Ofmoney. I listened to the interview as well.
Mercury Vapor said
Finally some news on Olint! Thanks for posting Lots Of Money.
Lots Ofmoney said
What….thought this board would be buzzing with that interview with Chris Walker and Sean Belcher this morning on the breakfast club!!!…..pardon the manners….greetings to the board….
….only got to come on just before 8:00am…not sure when the interview actually started but it ran the whole way till 9:00am…interesting allegations were made….and the host of the club had to make it sure that they were in no way able to verify what the callers were saying were verbatum….just a few quotes that struck me……..Sean mentioned that in a poolside chat with DS in June or July of this year the story of what is really happening wasn’t being let out to the public cause he had the Observer and the Gleaner “locked”…..and DS also went onto say that he couldn’t be touched in Jamaica cause “he had Bruce and Daryl in his backpocket”…..emails from Daryl sent to Chric Walker via his blackberry….(he is the one suing DS and has 2.5mil US invested)were also read aloud over the radio…when referring to information that Walker says he has on Daryl’s association with O, Daryl said “put up or shut up”….apparently Chris Walker after divulging information to the property authorities to start investigation of fraud on O….received this email from Daryl…just out of the blue….they apparently do not know each other, but somehow Daryl got his email address and sent of what Walker is calling an “intimidating email”…..
…but basically what I got from the interview is that Walker and Belcher is helping out both the Turks and the British government with the Olint investigations, and were not getting anywhere from the Jamaican side…..and were appreciative of the Breakfast club giving them a platform to air their concerns and findings so far…..Belcher also went onto say that based on his conversations with Knight (police commissioner in TCI) that only 5 mil US is frozen in TCI and half of that belongs to Olint TCI ( the new fund that DS had started)……but Belcher also hinted that there were trying to trace monies to 10 other jurisdictions where monies could be hiding…..
…well hopefully somebody else here will be able to fill in the blanks that I have left out…..sorry so sketchy…
Rabbit said
A good day to all
Looking for investment options? Interesting point of view from the Wall Street Journal for US residents…..
Mortgages
In this market, prepaying your mortgage may not be a bad idea. Generally speaking, mortgage debt is cheap debt – especially after you factor in the tax break. But prepaying can still give you an after-tax return that’s a lot better than what most folks have earned in the stock market this year.
Here’s how to think about it: By adding an extra $50 per month on a $200,000, 30-year fixed-rate loan financed at 6%, you could whack nearly $28,300 in interest payments from the mortgage. How much of a return is that? For someone in the 28% federal tax bracket, prepaying a mortgage with a 6% interest rate provides a 4.4% after-tax rate of return. (The rate is lower than the mortgage rate because of the tax break on the mortgage interest.) If you think you could invest that same money in the market and earn more than 4.4% after taxes, then you’re probably better off investing.
Blessings,
Rabbit
Mercury Vapor said
Re: Post 931
I hear that alot of people on Wallstreet, like stock analysts, investment bankers, etc. are now without jobs. They will have to move to other cities to find work, and some may have to change careers. The downturn in the stock market has caused alot of people to sell their stock and put their money in cash investments like money market funds, or safer invesments like bonds.
tia said
NCB is offering 62% return on $US Please see link copy from Jamaica college web site
http://jcoba.integratedmarketingja.com/images/ncb.jpg
Opportunity said
“Difficult market conditions have forced mutual fund company AIC Ltd. to lay off approximately 50 employees, according to reports on Friday.
Jonathon Wellum, CEO of the privately owned company, told reporters the company eliminated jobs in its information technology and marketing departments. The layoffs also included a few analyst positions, but none of the company’s fund managers were let go, according to the reports.
The layoffs were a result of market turmoil that has hurt some of the company’s stock portfolios and impacted its financial position. In order to remain profitable, the company must cut costs, Wellum said. “
RedP said
Maria@928
HI Maria, I would be the last person to ask that question!! just dont know how much truth there is to this amero thingy. Would be interesting to hear from someone in the know if it really go so or if its just hype. Having lived in Canada for a period I cant see Canadians swallowing this pill too easily. They general public has a fair bit of disdain for the USA although one can hardly tell the difference between the two. Much less I cant see the states opening up their borders to Mexico, why then would they be trying their best to send them back?
Who knows? This whole world is becoming a sh#thole!! CS is right, TRUST GOD AND LIVE!!
God Bless
RedP
CS said
The writer of the article at http://halturnershow.blogspot.com/ gave me a good laugh. The Bible for thousands of years have foretold situations like this. They are just being fulfilled. If you your trust in God, when the supermarkets run out of food, he will make sure you have food.
Thanks for the joke because that is all the article was: Someone writing a joke.
maria said
interesting red p. so my best bet is to sell my $US and stock up on pounds huh?
sirach said
BTW If you want to keep attacking me be my guest. Remember one thing. I don’t owe you a thing.
sirach said
Coreg,
Thanks for telling everyone to read all my blogs. hat’s good coverage. The other blog dared me to do nothing. Let’s keep the facts clear. told them would be away for five days and was.
On hiring me. Again I’m flattered. But that costs money. And like how many here bicker about how them bruck and the cost of fuel etc….let’s just leave the notion of employing me alone.
RedP said
RedP said
RedP said
I do not support the views of this man but suggest you give this a watch.
http://video.google.com/videosearch?q=amero&sourceid=navclient-ff&ie=UTF-8&rlz=1B3GGGL_enJM238JM245&um=1&sa=X&oi=video_result_group&resnum=4&ct=title#
RedP said
http://video.google.com/videosearch?q=amero&sourceid=navclient-ff&ie=UTF-8&rlz=1B3GGGL_enJM238JM245&um=1&sa=X&oi=video_result_group&resnum=4&ct=title#
tia said
Hi Patricia
@915
My household locked in our gas price with an energy company. The gas bills after we lock in were twice as high than when we didn’t lock in. We were outrage and so we call the energy company to get out of the contract. They said we have to pay a fine of $1700.00 + tax to get out. The price of gas at the time was $6-$8 and the locked in my gas at $11-$13 a month.The price of gas never reach that price of $11-$13. So I was scam . Beware people of all di white colla tief.
RedP said
Hey guys, this was taken from http://halturnershow.blogspot.com/
ctober 19, 2008
CONFIRMED: U.S. GOV’T WILL COLLAPSE BEFORE SUMMER 2009; WILL REPUDIATE NATIONAL DEBT; ISSUE NEW CURRENCY AND DEVALUE “OLD DOLLARS” BY 90%
I have confirmed that the United States federal government will financially collapse “before summer 2009.”
Long time listeners to my radio show will recall that as early as September 5, 2007, over one year ago, I warned my audience on the air, that this was coming.
I announced during that same radio show that the US government was secretly minting new currency, THE AMERO and revealed a plot to intentionally bankrupt the United States to force integration with Canada and Mexico. Once merged, the US Canada and Mexico would be a new entity called the North American Union. (You may listen to an archive of that show, from over a year ago, by clicking HERE)
According to a Bulletin issued out of Cannes, France, the collapse will come “before summer 2009″ because the U.S. can no longer make payments on its national debt.
According to “Lettre Confidentielle de LEAP/E2020″ the US economy, now in deep recession, will collapse. The resulting lack of tax revenues will make it impossible for the federal government to pay even the interest on its ten trillion dollar national debt.
On October 16, 2008, the “Global-Europe Anticipation Bulletin” told its subscribers that the present U.S. Dollar will be demonetized and a new currency imposed. “Old dollars” will be devalued by ninety percent (90%)
When the collapse occurs, countries around the world will immediately stop accepting our money. That means imports will dry up very quickly — including food and oil imports.
Lets talk oil first
The United States uses 18 million barrels of oil each day. We produce 5 million barrels a day of our own oil and import 13 million barrels a day from around the world.
Right now, our strategic petroleum reserve has 701 million barrels of oil in storage. When the world stops accepting our currency and stops shipping oil to us, we will have to draw down on the strategic petroleum reserve by 13 million barrels per day. We will run out of oil in 59 days.
No oil means no gasoline for cars; no diesel fuel for trucks.
Everything in this nation, except electricity and natural gas, is transported by truck. No diesel fuel means no products being shipped. . . . . including food.
Now lets talk food
After our oil reserves run out in 59 days, trucks will have no fuel. No fuel means no food gets delivered anywhere.
Here in the New York City area, our supermarkets have about three days worth of food in stock. They must get deliveries almost every day to feed the population.
So . . . . . the oil reserves run out in 59 days, the supermarkets are empty 3 days later. What do you think is going to happen?
Complete Social Collapse and anarchy
The cities will disintegrate into complete chaos first. Roving bands of savages will break into homes looking to eat. If you cannot protect yourself, they will take your food.
Once the cities are emptied of food, the savages will come to the suburbs. Small local police departments will be instantly overwhelmed. Calling 911 will be useless.
If folks in the suburbs cannot protect themselves, the savages will take their food too.
Ultimately, people will start killing each other for food.
No Government money means no welfare checks, no food stamps.
When this collapse happens because the government is totally broke, the welfare checks will stop. Almost immediately thereafter, civil unrest will erupt and we know who will be doing that. . . . don’t we?
Now you know why Barak Obama is being pushed so hard for President. The powers-that-be know what’s coming and they want a black man in the White House with the hope he can control “his” people. It won’t work. They’ll just call him an Uncle Tom or an OREO cookie and then go on their merry way to rape, rob, pillage, burn and kill.
In fact, to prove I’m right about the Obama situation, check out what VP candidate Senator Joe Biden said this past weekend. Biden ‘guaranteed” that Barak Obama “will be tested by an international crisis within his first six months in power and he will need supporters to stand by him as he makes tough, and possibly unpopular, decisions.” Telling us all that we’re going to lose 90% of the value of our life savings sure will be unpopular.
I wonder if the Secret Service agents who lose their life savings too, will bother protecting Obama from assassination; or might they kill him themselves? After all, the Zapruder film proves the secret service agent driving John F. Kennedy in Dallas, turned around and shot him in the head. That’s why his wife, Jacqueline Kennedy, tried climbing out of the back of the limo after it happened! She saw who shot her husband. It happened once, it can happen again!
What to do right now
1) If you live in a city, make plans to get out when all hell breaks loose. Arrange a place to stay with relatives or friends far away from the city because the cities will be deadly.
2) Start storing food. Don’t wait. You have less than 6 months before the shit hits the fan. Buy canned foods because they stay fresh a long time. Buy SEVERAL 50 lb bags of rice, SEVERAL 50 lb bags of oatmeal and store them. Make sure you have lots of flour and yeast to bake your own bread. Have supplies of sugar, salt and the like. Buy powedered milk that can be mixed with water to create real milk. Refill your propane tank for your grill and maybe get some spare tanks. Do not store propane inside your house because it can explode.
3) This Christmas, forget buying presents; buy a gun or two and ammunition. Ideally you should have one handgun for each older teenager/adult in your home. You should also have at least one 12 gauge shotgun and one hunting rifle such as a .308 or 30-30. Teach everyone in your family how to use them. Make certain your children understand these are not toys and that in apartment buildings and condos, bullets can go through walls and kill innocent people. We don;t want that so make sure you teach your kids well. You’re going to need guns to fend off the savages that come to steal your food. You may also need a rifle to hunt for food yourself.
4) Buy a gravity-fed water filter so you have clean water for drinking and cooking.
5) Stock up on any prescription drugs you MUST have to live.
6) If you have never hunted for food and don’t know how to gut, clean and prepare freshly killed animals, LEARN. Get a couple books and LEARN.
7) Start talking to your neighbors about what’s coming. Since the police will be totally overwhelmed, form local neighborhood defense groups. Get CB radios or Family Radio Service radios so you and your neighbors can call each other for help immediately. If the bad guys come, call out the whole neighborhood and use all deliberate force to repel the invaders. Don’t be afraid to shoot and kill. The savages won’t be afraid to do it to you!
Folks, this is the absolute worst news I have ever delivered to my readers. I shudder at what’s coming. If we hope for the best but also plan for the worst, we might. . . . . just might. . . . get through this alive.
Please spread the word to prepare for this coming disaster. Europeans are already planning for it.
Final analysis
How we got to this point is simple: The United States federal government and in particular, the Congress, systematically and deliberately overspent our nation into oblivion. Our own government wrecked our nation.
In order that WE THE PEOPLE can bring justice to our elected officials, I am publishing the private home addresses of all members of the United States House of Representatives and the United States Senate.
Under our Constitution, they hold the purse strings. They are the only branch of government that can tax, spend or incur debt. Sure, they blame Presidents – that’s politics. But the Constitution makes clear that congress and ONLY congress deals with money.
If you would like to know where your U.S. congressman and U.S. senators live so that you can “pay them a visit” after they devalue your life savings by 90%, I will provide their home address to you.
To get the home addresses of your congressman and senators, send an e-mail to:
wheretheylive@optonline.net and I will tell you how to get the info.
Posted by HalTurnerShow.com at 10/19/2008 10:14:00 PM 108 comments
Expect financial hell to break loose on Tuesday; major bank failure
Tuesday, 21 October 2008 is going to be marked in history as a huge day in matters of U.S. finance. Tuesday is the day that Lehman Brothers “credit default swaps” (CDS) must be settled.
CDS were insurance-like guarantees provided by banks and hedge funds as a source of easy revenue for themselves. Offering the CDS meant that banks and hedge funds agreed to cover any default by a major investment house like Lehman Brothers. The banks and hedge funds charged “premiums” to provide this “protection” which they never believed would ever be needed to cover anyone. Then Lehman Brothers went bankrupt. OOOOPS.
Last week, it was determined that Lehman Brothers assets were only worth about 8 cents on the dollar, meaning the credit default was about 92 cents on the dollar. . . . . times about four hundred billion dollars!
Tuesday is the day that the CDS’ must be settled. Tuesday is the day that whoever agreed to cover a default by Lehman Brothers, must actually fork over the cash money.
Since the CDS markets are so intertwined and convoluted, it is not yet clear who has to pay how much. Tuesday will change all that because whoever is on the hook to pay, must pay on Tuesday.
Look for all hell to break loose in US markets because some very big bank(s) and very big investment house(s) WILL fail . . . . . . big.
Posted by HalTurnerShow.com at 10/19/2008 05:55:00 PM 19 comments
Mercury Vapor said
Just found this on Wikipedia. It’s a list of commodities that are traded on the global exchanges, and it looks like gasoline is traded. Steel is also said to be traded. Trading…or should I say speculation…in steel is probably what caused the recent surge in it’s price. Plus, remember that not too long ago the price of corn and rice went way up? Corn and rice are also traded.
http://en.wikipedia.org/wiki/List_of_traded_commodities
Mercury Vapor said
Hi Pat
What you said is so true, when oil prices move up the price of gas goes up quickly. I’m not sure why, but I think gas is traded as a commodity on one of the mercantile exchanges in the U.S. If that’s true, then it means that the trading of gas is going to have an effect on it’s price. Speculation on gas is maybe what pushes the price up so quickly. If traders see the price of oil go up, they know that the price of gas will eventually go up too, so they buy gas and hold it until the price moves and then they sell. Their buying helps to push the price of gas higher until it rises to where no more profit can be made.
Mercury Vapor said
Hi RedP! Happy to see you around, the blog is not the same without you. I wish Floridian and DW would drop by one of these days too. Oh yeah…I don’t sleep anymore…waste of time. What was that saying…oh right, it’s “I’ll sleep when I’m dead!”
judith said
Richus:
I am a Higgins Warner investor. Please send me your email address and I will email you for the letter.
Judith
RedP said
Hey Bredda Merc!! You dont sleep??
RedP said
Hey Pat, Fuel bill is one of my heaviest expense, for my two vehicles I am averaging 40K a month because I travel back and forth to country everyday. My small delivery truck is averaging almost another 40K. I am working on a link to get a prefab. hydrogen converter that piggybacks on the vehicles fuel system. It is supposed to cut fuel cots by up to 40 %. The kit is supposed to be an easy bolt on product. Will give a heads up on its performance, if and when I get one.
Stay warm!!
RedP
Patricia said
Merc I get all that brother. However, it kills me that whenever there is an upward jump in oil prices, as we saw in the past 6 months, the prices at the pump reflected it almost instantly. In my household we have been averaging about $550/month on just gas!!!…now my heating contract has us locked in at prices way above what prevails. These oil/gas etc its all a profit chasing game for them
Rabbit said
Rise and Shine!!!
…trying this post again…
Another suit filed against an AIC – this one against WW
http://www.jamaica-gleaner.com/gleaner/20081025/business/business2.html
Have a great weekend.
Rabbit
Mercury Vapor said
Hi Patricia
On CNBC the analysts were saying that traders are expecting a global recession now. At first they expected a slowdown in the U.S. economy, but now it looks like emerging economies like China and India are starting to slow down too. Maybe they might not go into a recession, but their economic growth may become flat (0%) or may only grow a little bit (1-2%). With fears of a global recession looming, and the U.S. already in a recession it has caused the price of oil to drop even with OPEC cutting production.
However, since price is determined by supply and demand, if demand goes up over the winter time then the price of oil will follow. With regard to the price of gasoline, I’ve seen the price of gas fall here in Texas. It’s currently $2.88 a gallon for regular unleaded and has fallen by a significant amount over the past month. I’m no expert, but I think the fall in gas prices is slow compared to the fall in oil prices because oil has to be refined into gas. The refinement and then shipment of that gas across the country creates a time delay between the price of oil and gas.
RedP said
Whassup maria??
I jus tink it name BIZZNIZZ a mek dem galang so!! So most a dem say anyway, jus biznizz!!
Wedda PNP or JLP inna powah, a jus biznizz!! Jus like how is jus biznizz fi try lack dung di club
dem!! Greed a one hell of a ting, dont it??
More time ppl,
RedP
maria said
so red p, why when as dem hear seh gas price raise dem increase fi dem price even before dem buy di gas at dat new price? i would love to see what would happen if gas price went back to US$140.00 per barrel tommorow. would they raise their prices again mek people bun dung jamaica likeb how a jlp inna power?
Patricia said
It was only flurries in my neck of the woods..but yea, still yuck..with rain this w/end sheesh
RedP said
Hey Pat, I heard you guys got snow the other day!! YUCK!! Snow = cold = yuck!! Poor you!!
Glad I not there fi true!!
I am by know means an economist but perhaps the reason fuel prices have not dropped at the pumps yet is because they have to sell off the stock that they bought at a higher price. Could be wrong though. Can anyone in the know give us your views??
RedP
Patricia said
Somebody help me out..OPEC has cut production and then oil prices fell(not the usual response)…(
there’s even talk it might fall down to $50/barrel or less…dont hold your breath, but hey!!!)…so now oil prices have fallen in an unprecedented manner, why aren’t we REALLY seeing it at the pumps?????….
Now there’s talk that there should be no hip hip hoorah because the fall is due to plummetting demand and is indicative of a deflation which isnt good for the economy…well whatever..
Oil prices above 60-70/barrel is definitely not good for any economy. Look at the escalation in the price of everything over the past 18mnths as oil prices rose. Any body checked out the fuel surcharges from just about every puss and dog and the effect that had on the price of goods and services.? And you know the next ripoff those of us in the cold may have to face is the heating bill this winter..I’m sure we wont see any appreciable diff as we’ll hear that the oil was bought at higher than $100/barrel prices.
More than ever I feel these oil companies and gasolene retailers are callously taking people for idiots.
RedP said
Greetings to all!!
You guys letting Sirach get to head and stress you out man!!
Seriously though, I feel he really wants us all to get our funds back, but just has an odd way of showing it. Tek time wid him do, after all, he’s human just like di whole a we!!
Love and Peace
RedP
tia said
Coreg @897
I see your point. Sirach is playing the devil’s advocate.
hopefull said
richus could you send me that email from HW to SIHOLDINGS at gmail dot com.
sirach said
DS is free to travel…and he is free to pay for lawyers to travel in style. Pity, he binds himself from paying who he needs to pay. He’s young in this thing. And the brain fails him. Pity.
sirach said
Patricia,
It is no mansion. Smithy’s house is no mansion. Yeah land is expensive in Provo sure.
Those who quick to say there is no money must have a reason. THINK. I can not spell everything to you here cause the enemy is all over the blogs.
PB is still there and the house in TCI DS bought for him is yet to be sold.
For you to get restitution you must have something that the other person needs. In anything in life. Siting down not going to put you there.
Do you have something these scamist’s need? No? Well get something or just continue to give away your money to their lawyers.
GetRich... said
What y’all think about this?
Mercury Vapor said
Hi guys…I see Miggy over in the “FX Traders” section is endorsing Forex Autopilot. Then today I checked Alan’s Money Blog, and he says he’s been testing the updated version of Forex Autopilot and so far it has been making money. He’s only been running the updated version since September 1, 2008 though. You can read his review here:
http://alansmoneyblog.com/2008/10/23/forex-autopilot-is-kicking-ass/
Have any of you guys tried Forex Autopilot, or any other forex trading robot? If so, have they made any money for you? I’m thinking of buying it and testing it on a demo forex account.
Patricia said
So sirach you mean to say Bovell in all his wisdom put DC’s PENSION FUNDS in Olint????..so where were the checks and balances..what happened to the other senior partners??? they too were drinking the kool aid like us lesser mortals?
Sirach level with us where is DS??. I cant see him going to Panama with all that has happened and they cant afford him any protected status.Has he undergone plastic surgery in Cuba and vanished somewhere in South America, say Brazil??
What about the great facilitator, Bovell Jr?? is he still in St. Barts? Has he sold his mansion in TCI.Are any of his ill gotten gains going to be retuned, along with the several MillionUS his Dad’s party received ?, (not to mention the hefty payouts to the Issas, and allegedly to Vaz and Robertson) Please fill us in on that as many of us are very curious as to what is happening on that front.Especially when we keep hearing there is no money left to repay members. Is ACP Green working on those angles as well so that some amount of restitution can be made. Please give us your insight on these things.
Patricia said
Hey Sharonette.. whats up girl??..good to see you.!! Which province are you?..if you still have my email drop me a line
Sharonette said
Hi Everyone,
Man, I have been off the bus for at least 3 months now and as i rightly imagined, a WHOLE LOT of things have been happening. I’m seeing a lot of new passengers but hail up to all the regulars like Pat, Dr, RedP, SnB,Mecury,Comment,Richkid all the other soldiers and of couse the DRIVA. I kinda hopped off the bus to catch a plane to the Great White North(one of the colder province too), to do some studies (how smart can that be?).
Anyway, I am just settling in now with my computer, internet access and all you know how starting all over again is.
Wish me luck in trying to catch up reading most of the ‘activities’ that have been happening.
Peace
maria said
oh, and richus, i wish that mail was from olint. good luck all you higgins people.
maria said
Well said K. 1000% endorsed.
Richus said
Greetings all,
All HW investors check this link below and send me ur email for an email i got today.
Blessed,
http://www.higginswarner.com/investors.php
Coreg said
Tia I suggest you read all the blog post by SIRACH and see what they really are about. It’s better for someone to stop a party from getting out of control than it is to continue having fun. I think that’s what K is trying to say. That said SIRACH was on the other bus and they dare him/her that they could not stay away for 5 days without posting on the blog so they he/she decided to carry the crap over here. Have you seen how many Spamming they have been doing, that’s crazy? I wonder what they do for work? I could sure us some help.
Sirach HELP WANTED APPLY WITHIN. 1888.ARE YOU FREE
tia said
Now you guys getting naughty here. Slapping in the face you. Children who slap others in the face you know what they get. Please stop behaving like kids. You don’t have to take thing so personal. We are all in this thing to pull each other through whether or not we get our money back.Our hope is to be optimistic.
K said
Sirach, why did you return here? wasn’t the other blog good enough for you?
what new have you brought to the forum more than just “more of the same”?
Let me be the first to say tek weh yuhself!
You were one of those boy or girls in school, the wimpy ones that just hoped and prayed to see the demise of others and then revel in it.
This aint Kindergarten or prep school anymore, if you were standing beside me behaving like this I personally would slap you in the face for behaving like a bitch!
sirach said
It is a mess and they caused it. the belonger thing brings scrutiny on the Issa’s and the stewarts about their belonger status. The whole thing is a mess…but who the cap fit them must wear it.
After privy coucil where do you go?
sirach said
Ever wonder why some bloggers tell you to wait and pray? hahahahaaaaaa
sirach said
…one more thing on CP….Price is already liquidating and then billing for themselves….they will do this until the money done.
all the othersw do similiar michief so the longer you sit down and listen to some of these other bloggers (you know who) is the more your money gets blown on lawyers and casinos and CH russian bodygaurd and NS bills in Weston etc.
At the end one thing will be true….Sirach told u so.
sirach said
CS, from Olint you will have to go to the Police in TCI and the Police in Jamaica.
For WW your best bet is a case against them in Florida where they have assets. Time runs a little short on them for they are watched every day in FL. And those Fl yardies don’t play.
for CP it depends on how much you have invested. Price Waterhouse has assets but they are just eating it out for themselves.
Hill was to meet a deadline on Friday….I don’t know if he met it….if not he has hell to pay in U.S.A about breaking parole provisions etc.
If you have over a million U.S. dollars there then get a good case. If not you can pool with freinds on a class action.
Filling out forms at the disbarred lawyer guys office won’t get u anywhere….his name…Kankadore? Or something like that.
None of these people really going to get a chance for the “pool” argument …cents on dollar rubbish…NO.
If for Olint you need to make up your mind quick…..he is not likely to keep his TCI Belonger status largely because it was fraudulently aquired….he may run to Panama…maybe but he will be in jail….and the money left is small…small..small and some big players in line there and cases dropping on him and the crew around the World by the minute.
I hope this helps. It’s the cronies of these scam artists who mainly read but if you are genuine I hope it helps.
P.S. I got my money from CP so I have a track record and I intend to keep that record.
Sorry some of the links and other stuff beats some of you…..not much I can do about that.
Plus if you are insecure then no matter my advise you will return back to your masters..e,g CH,DS,TS,NS…the minute they tell you everything is O.K.
That’s fine…just remember though it’s not a good example to teach your children.
CS said
Sirach, you sure have a lot to post. I would like to know, if he knows so much, is there anyway you can speed up me getting my money from “O”, “WW” and “CP”? If you (Sirach) can’t help, can you please stop spanning the board with the useless Youtube videos and old, outdated links. Thanks.
I want you to show me a way to get my $$$. Those links can’t buy bread.
Rabbit said
Night to all my friends…
Patricia, the epitome of optimism and spunk, ….thanks for the compliment.
There are so many on this bus that generously share information, that encourage, that crack jokes and that lift spirits. I count you all among my many blessings.
Found the following episode on NPR’s This American Life really interesting. It is long, close to an hour, but it explains IN LAYMAN’S TERMS how the sub-prime crisis impacted the commercial paper market and how this was then further worsened by credit default swaps.
http://audio.thisamericanlife.org/player/CPRadio_player.php?podcast=http://www.thisamericanlife.org/xmlfeeds/365.xml&proxyloc=http://audio.thisamericanlife.org/player/customproxy.php
God Bless
Rabbit
Comment said
Why are their some many ridiculous YouTube Spamming going on? Driver Watch out for the You tube Phishing Virus. Some of those links are tagged.
Comment said
Patricia thanks for the kind words, Rabbit, Dr. Hope all is well with you as well!
peace and love
sirach said
http://www.sfo.gov.uk/news/prout/pr_588.asp?id=588
bigson said
any word on world wise
sirach said
Smithy would not come to town and not call me there? No man.
sirach said
You know, I going to tell you something strait tonight. Many Lawyers and Law firms tell investors in Olint that there is nothing they can do. I find it interesting that one firm in particular has done this while they have filed a case against David Smith in TCI to recover 2 million dollars that belongs to the law firms own pension fund!
So when the train of deceit has eaten out the brains of thousands of investors you understand why. There is an apathy and there is a reason why. The people are hurting and they do not want to face reality. THEY NEED HOPE.
But ask yourselves this. If a firm such as DUNN COX has filed a suit then do you think they do it to get back nothing?
Think about it….
Then write to acpgreen@yahoo.com
sirach said
You know, I going to tell you something strait tonight. Many Lawyers and Law firms tell investors in Olint that there is nothing they can do. I find it interesting that one firm in particular has done this while they have filed a case against David Smith in TCI to recover 2 million dollars that belongs to the law firms own pension fund!
So when the train of deceit has eaten out the brains of thousands of investors you understand why. There is an apathy and there is a reason why. The people are hurting and they do not want to face reality. THEY NEED HOPE.
But ask yourselves this. If a firm such as DUNN COX has filed a suit then do you think they do it to get back nothing?
Think about it….
Then write to acpgreen@yahoo.com
sirach said
http://www.jamaicaobserver.com/news/html/20081022T000000-0500_141612_OBS_STOLEN_SAND_STORY_SURFACES_IN_BRITISH_MEDIA.asp
This is just a very mild precursor of what is to come on this governmet in the foreign press. Personally, I hope the government calls the “bluff.”
JSM said
@ Rich Kid Post 847:
There is a story,True Story, called Acres of Diamonds about a man who made the largest Diamond discovery. He went searching all over the World for diamonds and all along it was in his backyard. Rich Kid contact me Two months from now and I will explain. 12/29/08.
Thanks for the Lead.
jsm81065@hotmail.com
sirach said
http://www.caribbeannetnews.com/news-11615–16-16–.html
New Governor, By by Meg……only the two great “protectors” of David Smith in jamaica left.
sirach said
http://investforlife.wordpress.com/2008/07/26/olint-funded-both-the-jlp-pnp/
Hyperbole Mr. Golding?
sirach said
sirach said
sirach said
http://www.youtube.com/watch?v=a17aze9O99Y&NR=1
Let’s ask the questions. What about the Cash Plus and Olint “donations?” Let us ask the questions.
sirach said
http://www.jamaica-gleaner.com/gleaner/20081022/business/business1.html
Mr. Shaw you will have to answer about oyur meeting with David Smith, Michael Misick and James Robertson. Why do you wait?
RedP said
Whassup PEI??
As with anything in retail now its up and down, managing to pay the bills but thats about it. I would say compared to last year sales are down about 40 to 50% based on income. Somewhere in that region. Its difficult to strategize a business plan in these times. Especially say ordering Christmas stock, cuz its hard to say how its gonna go and one doesnt want to find themself overstocked and over-extended. Still, I give thanks, it could be much worse.
I like your idea though, it woulda nice to mek some money offa Missa Leaching’s back!! Oops sorry, I meant bank!!
God Bless
RedP
PEI said
Maria I see you been talking about Missa WOLF bank but me want to see the shares them drop down some more like down to about $10-12 then me will consider buy some. EVen then him still getting away with murder . is $1 per share he bought them at.
http://www.jamaicaobserver.com/magazines/Business/html/20081021T230000-0500_141594_OBS_LESSONS_LEARNT_FROM_NCB.asp
RedP respects my brother. your words are blessings. how is the hardware business going these days?
Patricia said
“r to see the calm and positive”…huh???!!!..now which gremlin put that there
Patricia said
Hey RedP, Rabbit and Comment..long time.. hail up. Comment and RedP you guys are right about always maintaining a positive outlook in the face of doom and gloom. Tyler P is living proof of that as he is coming from rock bottom, homelessness..living out of his car!!!.
I give God thanks because despite it all, there are so many others who are living in disaster and, worse, without hope. You see in the States that suicide is up and the numbers are expected to rise as the economic situation worsens.
More than ever this is time to work hard and do so creatively. To pray, to keep strong in your faith an get counselling if you need it…seek out positive uplifting people…RedP and Rabbit are 2 examples on this site.
Peace.
r to see the calm and positive
sirach said
Night Red P. As MLK said “let freedom ring.”
RedP said
@867
I agree with you Sirach, I was very suspicious of those who would use Biblical quotes in their communigrams and I did take it as a bit of an affront, especially given the holier than thou attitude that seemed to emanate from it. But you know something? None are perfect, no not one. And also who knows the heart of man? The directors of these schemes may have had the best of intentions. They may have become wayward and unable to manage. We fall down and we get back up again through God’s grace. Thank Him that we have an Advocate in His Son.
For now I feel that we need to remain positive and have faith, and hope that the directors of these schemes will make good on their promise to pay back. If not fully, at least to an extent. Remember, their is virtually nothing that is insurmountable with Christ. Faith is key and prayer changes outcomes.
As per the name Sirach, I only know what I posted in Talk General. I will repost here for you.
Sirach @ 144
Hey Sirach, how you doin? I hope all is well with you.
Well, concerning your blog name, what little I know is that “SIRACH” is the name of a book written by a scribe named Ben Sira in or around 200 BC. The book is also known as The Proverbs of Ben Sira. Thats about the extent of my knowledge of it. I am not sure if it is a compilation of some of the books of the prophets, I’d have to do some research.
Re Crocodile Tears. Most of the tears and hurt is real my friend. Judge not lest ye yourself be judged.
Have Blessed Night Sirach and ALL on the #4 Bus
Love and Peace
RedP
sirach said
i hear you Red P. But caution always. “Many will come in my name.” I think with the schemers in particular that Bible quote is very relevant. Many of them seem to be having trouble with the “Christian” teachings while at the same time holding on to their self-righteousness at any cost. The profit they took is not returned to the sufferers. So they seem to opt for the camel suit and try to go through the eye of the needle. that is of course the ones who have yet to feel legal action. Oh yes it’s all about self righteous preaching of their own glory..then when the gates of the prison start to creek then they even approach the banks for loans to pay back the money the stole. Seems the prison door disapates their faith fast….but it is good for some it is the first that they have ever demonstrated “actionable” christianity. Good for them. We all need a dose of that.
Red P you don’t know the name Sirach?
Rabbit said
Night all.
Comment @855 – good as always to hear from you. Things are fine with me. I hope the same is true for you. Totally understand where you are coming from wiht the Rove account. I’ve reduced my investment in Rove – I’m keeping a close eye on it and might reduce it further. I’ve lost my appetite for FX Managed funds in general and now thinking more in terms of preservation of capital!!
I’m curious Comment. Have you looked at FX trading for yourself?
God Bless
Rabbit
Redp said
Sirach @ 864
Hi Sirach, how you doing?
I think that what Mr Perry is saying is that yes, be aware of your circumstances and
surroundings but to try not to dwell and envelope yourself in negativity as it has an adverse
effect on ones spirit and outlook.
I tend to agree with him, believe God and His precepts, principles and promises. Dare to
believe that you can be all that you can be in Him. Dare to believe that God can bring you out
of whatever mess you are caught up in. Trust God. Think positively, be thankful, give. He is
right, you cant outgive God. Sow into other peoples lives. No matter how bad one may have it,
someone has it worse. Mr. Perry had some very pertinent things to say.
My two cents for what it’s worth.
Love and peace
Redp
BTW @ 860 – Sounds like our PNP when they were in power. Even have the same flippin acronym!!
sirach said
“Everywhere you look you see all of this talk about the economy and gloom and doom. Turn that mess off. Stop letting that get into your spirit. Tune it out, watch things that will encourage you. Listen to things that will uplift you.”
Listen, facing reality squarely is the FIRST action in taking RESPONSIBILITY. God has given us a free will. Would you want someone who tunes out reality to drive your children’s school bus?
Think good before you too quick to anwser.
Comment said
Just thought i would share something positive for those who are feeling down in these times.
As many may know Tyler Perry Just opened his studio The first Black man to go this route. It brought tears to my eyes also.
Taken from Tylers Email Message
I’ve been reading a lot of messages on the message board about how the opening of the studio affected you. Some of them brought tears to my eyes, and what has stayed on my mind is that so many of us have stopped dreaming. Listen to me, having no vision is death to your spirit. Why stop dreaming, because one of them didn’t come true when you thought it should? Why stop now? You’ve come so far. Listen to me, when I started building this studio I wasn’t thinking about being the first black person to do it. I wasn’t thinking about how many acres it is. I wasn’t thinking about what it would feel like to own it. I was just following a dream. I am no different from you. If you can make your mind line up with your spirit man, and your dreams, then your dreams will become your reality. It has to. It has no choice.
Now hear me here for a moment, if you will. I know that a lot of different kinds of people from a lot of different backgrounds and faiths read this email, but I want to share something with you, if you’ll indulge me for a second. One of my favorite stories in the bible is of Joseph. Joseph had a dream and his brothers wanted to kill him for dreaming. Sometimes when you dream you will go through all kinds of hell to see it come to pass. I used to tell people that I thought I could do plays and movies, and when I would tell them they would get mad at me, talk about me and eventually try to discourage me.
When I started to do plays in the beginning things started to fall apart and these same people would laugh and say things like see, “I knew you couldn’t do it.” Where am I going with all of this you ask? Well right now in these times in our country there are lots of you who are wondering how you’re going to pay the mortgage or the rent, or feed your families. And there are lots of you who have lost your houses and jobs and the very same people that brought over the house warming gifts are laughing at you now. I have been there. I UNDERSTAND THE HURT, but I’m here to tell you don’t let it get you down. You know what you say to them? “SSSOOOOO!!!” I admire and respect people so much that have a dream and go for it. Don’t ever lose that GO FOR IT attitude because you will see your dreams come true as long as you don’t operate in fear. After you’ve done all to stand, stand some more.
So what happens when you had this big dream and it seems to be falling apart? You seem to be losing it…what do you do? I look to this story of Joseph, and you really should read this bible story. It’s fascinating. It is so parallel to what is going on right now in this country. But this is what happened. When his dream seemed to be falling apart he did something awesome. The bible says Joseph dreamed another dream, and that is what I wanted to talk to you about today. Dream another dream. If one thing fails, try something else. Learn from your mistakes and try it again. So what if it got hard for a season, it will only be that way for a season. I cannot even begin to tell you all the times I failed, but every failure in your life will bring your dream closer to you. I know that sounds crazy but it’s so true. It’s okay to fail, now get up and keep dreaming. Don’t stop dreaming because you may have lost something. When I was doing plays for the first time, my dream was that 1,200 people would come and sell the place out. Only 30 people came. It crushed me. But I didn’t stop. I kept dreaming. I believed and dreamed all the way down to living in my car. But I kept dreaming, and when I was at my lowest I would talk to God. Sometimes all I could get out of my mouth was “Jesus help me,” but that was a prayer I prayed a lot. And you know what else I did? I got out and encouraged myself. When I was homeless and sleeping in my car I would hustle up enough gas money and drive down to the nicest neighborhood in Atlanta where there were beautiful homes and I would dream and say “one day.” On Sundays, I would go to open houses. I would go to the dealerships and test drive whatever kind of car I thought I wanted. Now I know these are material things but you would be surprised as to what it would do to help you see that all things in your dreams are possible. It’s hard to see a dream come to pass, but if you believe, it has no choice.
Everywhere you look you see all of this talk about the economy and gloom and doom. Turn that mess off. Stop letting that get into your spirit. Tune it out, watch things that will encourage you. Listen to things that will uplift you.
Now this part is to a certain group of people, not to everyone. This is for the people who have been feeling like they are being led by God to do something in these economic times that most people will think is crazy. The ones who may not have a dime but are feeling like something great is about to break free in their lives. You are so right if this is what you’re feeling. I have a suggestion if you’ll take my humble advice — HAVE NO FEAR! ONLY BELIEVE! Give thanks for where you are. I know that may be hard to do, but there is a liberty in being thankful. And lastly, give, give, give. The reason I’ve fed thousands of families, paid rent and taxes for the elderly, dug wells in Africa and helped establish churches and built homes for poor families is because I know the power of giving. You reap what you sow. If you want favor from God, sow it into someone else.
God bless you and know that this too shall pass, and you will be so much better when it does.
Tyler Perry
tia said
Ric Kid my email is millwaye@yahoo.com
Rich Kid said
#856…Tia – leave your email address and I will drop you an email
sirach said
“waste of our funds on himself, having fun, hosting wild parties and having a good time at the peopleʼs expense.”
sound familiar?
sirach said
We know that a British takeover is imminent now, particularly since elected ministers who are supposed to be lawmakers and not lawbreakers and who are supposed to be the example of upholding the law and promoting transparency has now decided to openly lead the charge of resisting the law and rejecting transparency. It is so unfortunate that the government itself is presenting the largest obstacles to the timely and unobstructed progression of the commission of enquiry.
http://www.tcijournal.com/index.php?idsub=567&id=8
sirach said
By Henry Jolson
The PNP are now trying their best to spin the work of the Commission of Enquiry into political theater and attack its decision to extend its terms of reference without telling them or the Government. Well there are some of us who believe that the PNP is such a criminal organization that it should not and not ought have been notified by the Governor or the Commission of the extension of the time for the Commission.
There are some things that the people of the Turks and Caicos Islands are upset about that we want the Commission to look into because the PNP Government would not account to the House of Assembly and the people of the Turks and Caicos Islands. These things are
1. Why would the Government work hard with a private developer to breach the planning laws and develop star island which will destroy the environment of the TCI and the Government has shown no respect to the people by not telling the people about this development and its impact on the environment.
2. Why is it that the Government is building a 60 bed hospital at a cost of $235 Million Dollars and the people of the TCI are not being told of this? In fact the $235 million mortgage was revealed by the Opposition.
3. Why is it that the PNP Government have not told the people of the TCI that it has given Salt Cay over to criminal elements and dangerous people from Russia without having the people checked out?
4. Why have they not told the people of the TCI about the Millions they have in their banks, far more than enough money to rebuild the TCI.
The attack on the commission is nasty and petty while the PNP keep much more of the people’s business from the people. The PNP make the allegation that the commission will undermine the progress of the islands. It will be remembered forever that it is the PNP that is destroying the progress of the islands and the future of the islands. What kind of future will we have when Ministers are millionaires with 100s of million in their personal bank accounts and there are no monies for schools scholarships and health care. Indeed when the hospital is built we will see a massive transfer of wealth from the people to the Hospital and to the bank accounts of ministers further depriving the people of these with monies for a long-term. For this reason alone and to get ministers to give up the monies they have stolen and will steal from the people, the commission will help the long-term future of these islands. The Commission will send the message to investors that if you are a crooked one-please donʼt come here. But if you are honest, clean and will do business properly then you are welcome. It will build investor confidence because investors will realize that crooked and corrupt Governments will not be able to stay in office indefinitely. Oh yes the Commission will help us clean up this PNP Government and prevent future corrupt Governments from even coming to office. To ease the public purse, let the PNP return the monies they have stolen and cut the Premierʼs $18,000 per day waste of our funds on himself, having fun, hosting wild parties and having a good time at the peopleʼs expense.
While all of this is happening press freedoms are undermined. We have a strike on West Caicos and the Government cannot do anything. How about the Government telling the people the truth for the first time then it could attack the Commission which is enjoying the support of the people to clean up the corruption of the Government
http://www.tcijournal.com/index.php?idsub=570&id=8
sirach said
The TCI Journal has received information from three different sources that Ministers of the current PNP government have had their personal bank accounts frozen last week, and are now allowed to access only minimum funds for basic living expenses.
This should give courage and confidence to those who have been hoping, but have been worried, looking for some sign that the Commission of Inquiry would lead to significant steps in setting straight the nation’s course.
The role of various attorneys in facilitating the corruption of these last five years is also being discussed by many in the Country. The difference between an attorney representing and advising a client, and an attorney being a co-conspirator, cannot be lost on the Commission as it looks at how much of the corruption was transacted.
If an attorney was hired by the government to conduct business on behalf of the TCI, then that attorney must have acted in the best interests of the Country and not in the interests of the PNP government or any of its members or friends. Also, if an attorney was aware that his client was engaging in bribery of a public official, then that attorney too is accountable for his actions.
The Bar Association of the Turks and Caicos has been particularly silent these last few years. We hope that eventually they will show some signs of life by speaking out publicly against corruption and their intention to discipline any members found to have behaved unethically. Even a tiny, tiny bit of generic “eye-wash” would be appreciated. Even if for no other reason than to try and attempt to appear to say the right things.
Surely the Bar Association has a role in speaking publicly on behalf of lawfulness within our society ? Let us hope that the Bar Association will try and recover a little bit of honour for itself before the Commission of Inquiry submits its report.
As far as any attorney behaving illegally; we hope the Commission of Inquiry will place special attention on the role that attorneys, regular ones and Generals, have played in advising and assisting this current government as it has robbed the Country into poverty.
Respectfully,
Editors@Tcijournal.com
http://www.tcijournal.com/index.php?idsub=566&id=8
tia said
Hi Rich Kid
Please tell mi bout megolido the HYIPs. Mi too need to recover some money.
Comment said
Rabbit, How are you doing? it has been a while since i have heard any updates from you? Hope all is going ok at Rove. I am planning on closing my account over there at the end of this month. I hope I am not wrong but i just feel it’s time.
comment
maria said
i would love to see a big run on ncb right now an when everybody tek out dem money it jus collapse.
Comment said
NCB appeals Olint ruling
published: Monday | October 20, 2008
Barbara Gayle, Staff Reporter
THE NATIONAL Commercial Bank (NCB) has filed an appeal against a Supreme Court ruling, which quashed its application last month to close the personal accounts of Olint’s boss, David Smith, and his wife, Tracey.
http://jamaicagleaner.com/gleaner/20081020/business/business2.html
Paige said
test
sirach said
this one takes a while to load but it’s worth it…..ANALOG!
sirach said
Here comes the con man coming with his con plan….
sirach said
You must say if there is any offence for which you may go to court or which is awaiting hearing in court. This includes having been arrested for an offence and waiting to hear if you will be formally charged. If you have been arrested and not told that charges have been dropped, or that you will not have to appear in court, you may wish to confirm the position with the police. You must inform us if you are arrested or charged with an offence after you make your application and while the application is under consideration.
You must say whether you have been involved in anything which might indicate that you are not of good character. You must give information about any of these activities no matter how long ago this was. Checks will be made in appropriate cases. If you are in any doubt about whether you have done something or it has been alleged that you have done something which might lead us to think that you are not of good character, you should say so.
You must also say whether you have had any involvement in terrorism. If you do not regard something as an act of terrorism but you know that others do or might, you should mention it. You must also say whether you have been involved in any crimes in the course of armed conflict, including crimes against humanity, war crimes or genocide. If you are in any doubt as to whether something should be mentioned, you should mention it.
sirach said
Granting of Belongerships and Permanent Resident Certificates
Becoming a Belonger of the Turks and Caicos Islands is of great importance to individuals on TCI since it is the only status which confers rights usually associated with citizenship, such as the right to vote. Those with a Permanent Resident Certificate do not have these rights, although they are also free from immigration restrictions.
Under TCI law there are three main ways in which Belonger status can be acquired: by birth (or lawful adoption); after five years of marriage to a Belonger; or by “having made a significant social or economic contribution to the development of the Islands ”. Applications via the latter two routes are approved by Cabinet (see “Role of Governor” below for further discussion of this). A notice of intention to grant a Certificate of Belonger Status must then appear in a local paper for two consecutive issues before the status is granted.
During our inquiry we received allegations that Belongerships and Permanent Residence Certificates (PRCs) were being granted to individuals outside TCI’s law. The Leader of the Opposition told us that he had heard allegations of people paying bribes to ministers to receive such status. He drew our attention to the case of an individual, Paul Keeble, who had sworn an affidavit that bribes had been paid to government ministers in return for his work permit being denied and that he had then paid an even greater bribe in an attempt to overturn this. Concerns were also raised that government members’ spouses were receiving Belongerships after less than five years of marriage.
It was also suggested to us that Belonger status was being granted to questionable individuals via the “significant social or economic contribution” route so that ministers could benefit from business relationships with these people. Witnesses argued that this should be of great concern to the UK government since British Overseas Territories Citizenship can be acquired almost automatically twelve months after an individual has being granted Belonger (or PRC) status.
The Leader of the Opposition also expressed concern that the Immigration Change Office responsible for advising Cabinet on the granting of Belongerships and PRCs was the nephew of the Premier and the Secretary General of the governing party.
Ms Barrington highlighted the fact that, after over five years of failed applications and delays, she and her husband had finally been offered permanent residence status, on payment of fee, four days before the 2007 general election on TCI.
Rich Kid said
Boy I have been so distressed over my loss with MD (yes……I really don’t think I am getting back my money)that I have not visited this forum is quite a while…..how y’all doing. Anyway I have been fooling around a couple of HYIPs because I have to try and recover my money somehow and mi naah wait pan tiefing Ingrid and Deidre. Feel free to checkout this one:
http://www.megalido.com/?splash=7892 you have nothing to lose and plenty to gain
Observer said
What a way those who used to defend AIS to the bone, and now calling them tief. What a day when the tables turn.
Mercury Vapor said
Hi RedP! Happy to see you dropped by. Like Tia, I’m waiting on my money from Lewfam Club too. I hope they come through, but I can’t say that I’m very optimistic.
Redp said
Sorry that should read ” won the lotto”, brain a get ole and tiyahd!!
RedP said
Maria @ 839
Yes Maria, interesting indeed! If I one the lotto on saturday, where the heck could I invest it?
In one of the traditional licensed investment houses whose FD’s pay an interest that’s likkle
more than 1/2 the rate of inflation?? Yeah right. Bettah mi buy some goat,fowl, pig and cow,
at least them a go up inna value!
tia said
Counting the days to November 30, 2008 to see if I am really going to get my money from Lewfam. The song say ” as long as mi get it mi happy, happy” that mi.
concerned 2 said
Any news on MDaisy?I have not heard a thing and hope to get back some of my money cause i have alot tied up with them
concerned 2 said
Any new on MDaisy?I have not heard a thing and hope to get back some of my money cause i have alot tied up with them
maria said
interesting, very interesting indeed.
http://www.jamaicaobserver.com/letters/html/20081016T220000-0500_141405_OBS__SAME_KNIFE_STICK_SHEEP_STICK_GOAT_.asp
PEI said
Sirach I get my citizenship good thing so I can vote for Barack Obama. who left of my family on the rock are also citizen. They retired now. I never took any encashment from DS or UWIN
sirach said
You want your money back?
Organizations Witness Statement Form at http://www.mns.org.jm
pissed off said
Sirach lets keep it clean we are trying to get our money back, you should tell all that %&*%**
to DS and Uwin. They put us in this mess.
sirach said
When they deny a %&*^$%& visa whether F1, H1, B1, B2 or a green card or a passport that came as a result of naturalisation they don’t really have to give no whole heap a ^$^$^*$%reason.
Check the website this is remedial work you must cover outside on your own.
sirach said
Now when you answer and say. Mi nuh need fi go merica so there Sirach…then i shall ask you if you think they don’t know who is there for you?
sirach said
Well first of all DS was never registered in TCI. Plus if you took money out then do you have proof that that money belonged to someone other than Smith or yourself? If i come to your yard and pick up an ashtray and give it to someone else….is the ashtray theirs?
you do not commit a crime by not reporting. But when Jamaica has a bad human rights issue and the aid agencies withold priveledges they would normally be giving…is that illegal?
No but somone has lost. The greatest loss that the U.S.A. government can give the people lining up outside Old Hope Road is a NO to their visa. Now if they are annoyed with David Smith…and he does not cooperate with them and if you have money in there …..you think they are not going to badger you somewhere?
You think they will treat you the same? you think dem fool? Let’s answer it now because if dem fool and Obama wins then you can’t turn around and say dem neva fool.
Are the poeple of the U.S.A. fool?
PEI said
So sirach what is the crime I commit if I invest with DS and did not know it was a scam especial since i did so after i hear him register in turks and he himself was registered with NFA. If I dont report the money I lose to DS to the authority that mean i commit a crime? I dont think so.
sirach said
All they want is the slightest excuse to deport a black Jamaican right now. Especially in dem time here now. Cause when white people feel pressure with money you know who they want to send back first. Right? So stay there siddung and don’t do nothing.
Organizations Witness Statement Form at http://www.mns.org.jm
sirach said
The likke Boy David can’t help you even if he did want to.
sirach said
Unno hiding the loans that you took out for OLINT to pay? Don’t worry bout that them know everything. Dem just a watch to see who come clean and who a try play fool.
sirach said
What freeze in TCI can’t pay unno. Get your source of funds ready.
Let me ask you all something cause I met some Martians recently.
Do you think that Barack Obama is going to come from the sky and make you all feel high?
When they knock on your door you can kiss your money goodbye and also your visitors %%$ VISA’s. unno betta plant some corn in yu backyard. When they come to you you can’t give them no Jamaica talk and say “yes you know i was just on my way.” YOU DIG?
Unno loved ones deh a school over so pon F1 student Visa? heehheh….
“Preacher man don’t tell me….great God going come from the sky…” Sing pon dem bredda Bob.
Dem clock run out…..Merry Christmas.
sirach said
All who have money in there and do not approach the authorities and come clean remain suspects in a Worldwide investigation.
you don’t see how some middlemen have started to find money and pay people?
Why you think they have started to do that? Because dem nice?
they know who has accounts and who is in under different names. They know who buys the Smith’s groceries. they know who takes money to them. they know who the assoiciates are and who get pay off. they know the big supporters. They know who calls. They know who is called.
They do not ask of him many questions to which they know not the answer.
They know who owe tax pon di money….dem know who not coming in to them. Who don’t come in? A dem get the most scrutiny.
ALL currency traders with any Jamaican link are under scrutiny.
They have publicly from lond time put out aveniues for you to report. then they watch who come and who nuh come. Dem pick up people of interest at ^$&^% will!
And some of you talk about “what David will decide to do with the portfolio..” ARE you on MARS? The FBI and many…many…many others are and have been investigating David Dmith and YOU who put money with him.
sirach said
They don’t even give a real &%^ about the bastard. David Smith knows that without the promise of money he has no freinds. The protection money he has paid is drying up.
you dig?
sirach said
What DS will do with the protfolio in the coming months? He’ll be in jail. What….is that being bitchy?
Senario Zero: DS pays all everyhting tomorrow. You going to give him money again?
OLINT DONE! Don’t you understand? It is just for his lawyers and they will just try to drag out everything until they get as much money as they can.
You have been tricked and fooled and brought into criminal activity without being made aware of it.
chilly said
PEI @820,
I am sure the financing effort will not address the needs of everyone, but it will certainly help many others. This is not an OLINT undertaking, so in the absence of a payout from OLINT, it is possibly the next best thing.
PEI said
In fact I say we find the whole ah dem backside and carry them up a HAlf Way Tree an tie dem round the clock unu can fill in what happen next
PEI said
Dehustle, Floridian and me and plenty more people maybe thousands in that scenario 3.so Chilly how will that work??
Next thing,and this really bothering me. you going to tell me say DS, however him do it, dont own no property and have money stash some where that him can use to pay back some money????? people must just sit down and wait?? Dont him know say if fraud commit or whatever him must try to pay back people?? me lost all patience with him, Mr. Tony Williamson and the rest of the tief them. You see all the WW man, the man that thief him land dont do a thing wrong the court shouldn’t trouble him but order the land sell and the money use to pay back people. Time for justice now.
chilly said
Dehustle @818,
I would not treat the principal “bail out” plan as a settlement, because the intent, as far as I understand, is for the members to also receive the remainder of their account at some point in the near future. In that regard, everyone would be treated equally as far as their respective account balances.
Dehustle said
Chilly
Maybe the principal argument better than nothing but lets not pretend that its some fair and just strategy developed by the operators in the members interest it mainly serves to protect the club operators interest.
In fact this principal theory is quite flawed, How does define principal at this stage simply as the money the person put in less all their encashments?? As leaving Bab once said a perception of property has been created as people made decisions based on the club operators stated performance of the fund
Scenario1
Someone (moderate risk taker ) invests 20 K of their savings and decides to take their 2k gains monthly after 10mths they have withdrawn their 20K but guess what that individual was of the opinion that they were withdrawing thier gains and typically would not have developed certain withdrawal and consumption patterns had they not had that false sense of security with gains that were being posted.
At this point in time the operators are basically telling those folks that they have nyamed our their savings something they would not have normally done had those same funds been in Jmmb etc
Scenario 2
Someone decides to borrow 40K to invest (yes it’s a risk but one they made based on the purported performance of the fund ) they take their 4k mthly gains make mthly loan payment of 2k save or nam out the balance , after one year they have withdrawn 48K but based on the way loans are calculated. they still have a loan balance of 35K are stuck with a mthly payment of 2k and based on the clubs definition they have exhausted their principal so there is nothing for them to get either!
Scenario 3
The piglets like all Floridian are at gravest risk as the funds are pooled together and if between the pig and other piglets all withdraw more than what was put in (even if Floridian don’t draw nothing him get lef ) as that pig have nothing more to get
All of the above example never really benefitted from ANY gains whatsover how does the “principal” repayment level the playing field for those who benefitted from gains tremendously making back thier original inputs several times over.
Sure they get nothing back now but so what ???
You see my point
chilly said
The idea of returning principal to the many hurting club members makes a lot of sense on many fronts:
[1] DS will have a steady port folio from which to rebuild the account over the coming months.
[2] The principal withdrawal does not hurt the account, seeing that the member’s account is frozen as of May 31st.
[3] Many hurting members will have access to their net principal deposit during these hard times.
[4] Only the accumulated interest will be at risk over the next couple of months.
The problem however, is seeing that DS has never acknowledged an actual loss on the account (overpayments cannot be considered to be losses, as the shortfalls belong solely to DS), some might consider it unjust enrichment and mismanagement of funds for DS to continue trading their funds during a period in which their account remain frozen. I think there is a lot more that needs to be explained about what DS intends to accomplish in the coming months.
Overchill said
Sirach gets all bitchy and assholeish like that sometimes… Pay him no mind.
sirach said
Well you shall remain pissed off for a long time to come.
sirach said
If the opening of the new account represents an initial investment or “principal” then how does the account from whence it came be accounted for? It left one place as “principal” plus “interest” and landed in a new account as “principal” alone?
pissed off said
nope
sirach said
Just a note on the “principal” thing….
you have a hundred dollars in and 50 dollars belongs to someone in your account. That person asks you for the 50 dollars. The “club” has problems but tell you everything is fine and in a few days encashments will be up. you pay the person in your account 50 dollars.
What is your new principal?
So the “club” opens again and someone in your account says, “mty balcance with you is $1000 dollars please transfer to my new account. What is that persons principal the minute the money is transfered?
Yes you got it……do you see now?
Opportunity said
Thanks Vela Invest.
Yardie said
Yes, I heard from them but nothing new was said
pissed off said
Lewfam sent out an advisory, did u guys receive an email from them?
Vela Invest said
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0381906&case=08MRA00004&contrib=NFA
Patience said
DeHustle, You have a point. All these clubs are talking about return of “PRINCIPAL”. Is it a contageous conspiracy, or are they all joined at the hip with the same glue? What is Principal? Answer.com shows it as:
1. The amount borrowed or the amount still owed on a loan, separate from interest.
2. The original amount invested, separate from earnings. It definitely is not a formula of PRINCIPAL (less) EARNINGS PAID. You are correct when you say its not fair. Its never fair! Its more the “plan in place” right now. When I collected my earnings, the statement did not say “PRINCIPAL PAYMENT”. It was my understanding it was my earnings, not my principal. And since we can create our own definitions (we can now re-name it: Net Principal = Principal less earnings paid). The real issue for everyone is when to expect the “so-called” Principal. Conveniently, the person that manage the club is able to collect and spend their pincipal and earnings while we the “members” help fund their spending habits. I feel like I just loaned my money for FREE. I have not had the opportunity to receive any of my “PRINCIPAL” since the plan was put in place. And, based on my calculations, I would “guestimate” (new word) to not see it any time soon. Especially if the so called Principal is anywhere like PipUnit’s $60K investment analogy. I think it would have been better for these forex clubs to allow the broker to release to them incremental payment amounts to pay down “the principal” until its paid off if the broker does not allow for “all of the principal to be withdrawn” at any one time due to trading floor limitations. Then the members would be happier, hoping for the earning to come at a later date. The WW “net Principal payment plan” is working very slowly in my opinion and in favor of the small investor. Its working for the man with $300 to $1000 invested while the person with more risks and liabilities of $10K to $100K++ invested is forced to wait to see their NET PRINCIPAL.
Mercury Vapor said
Re: Post 801
Hi PEI, well that’s good news. I hope they are able to do that, it would be nice if I could get my principal back. I invested a small amount at Lewfam Club and I never withdrew any money. So if I’m able to get back even my principal I’ll be happy. However, if I do get back my money where do I put it? Stocks? Bonds? Forex? Real Estate? The investment scene is so scary right now. What do you guys think?
pissed off said
Did any of the clubs actually pay any money out as yet?
tia said
Thanks to whoever start this network. Mi have mi blood and tears money in a Lewfam and right now if dem a give mi, mi principal a want it and gladly tek it now. Later mi ball fi mi interest. Anything positive from Lewfam I will work with it to get mi money. I was told that they got the cheque but it take 21 days to clear after that they will pay out.
PipUNIT said
Your principal is your actual cash you deposited into these clubs. For example i deposited 60,000 and over 1 year it’s now 150k. They are going to pay me back my principal and the interest earned i have to wait on. I also have taken about 39k out during the year so in theory they would only owe me about 21k.
PEI said
Dehustle you make a good point. Me now never get back anything from O or from UWIN so me expect back at least what me put in. People like me should get back their full principal.AND SOON!!!!
Dehustle said
PEI
I note again that a lot of these clubs are taking about principal and a lot of members are passively accepting that talk with a shrug “I guess it betta than notting “
What exactly is my principal if I deposited 100 and you told me I made $10 isn’t my new principal 110?
If you deposited over the period say 50K and withdrew varying sums say 3-4k monthly ( what you thought were your monthly gains say up to a total of 45k) the schemers as I understand are only going to pay you back 5K
Now to some that may seem fair as they also may have deposited 50K and never withdrew a cent and would now look to get back at least thier 50K
What about those early birds who also put in 50 K and have withdrawn over 150K ???
Ok under the schemers plan they get back 0$ but does that really level the playing field?
I am just not comfortable with this principal talk, cents on the dollar even though I personally may lose more it just seems more transparent but what do I know I’m just stupid money
Peace
sirach said
PEI said
Maria you know if it aint broke why fix it. Driva must be conserving like everybody else. The nine months wait is nto next May. what will happen then I dont know and we just have to go on with our life.
Mercury Vapor it seems like LewFam trying to find money to pay people back principal dont know if is really true.UWIN say they doing that too. How comes DS not trying that as well or him doing something else under the quiet? an me dont mean like run away but something positive.
maria said
bwoy tings stay a way, di driva cyaan even change bus regular as him used to do first time. mi nuh know if a bruce or DS or american economy cause it.lol.
maria said
the person who came up with the nine months concept has a wicked sense of humour. dem know seh a breed dem breed wi so dem a gi wi nine months fi di pickney born. lol. could someone please remind me when exactly will the nine months be up?
Comment said
John only the original olint site seems to be working at this time.
chilly said
the olinttci.com site has been down for a while
John Blacks said
Is is just my computer or is olinttci.com no longer online???
PipUNIT said
The money from Lewfam is comin early to Mid November, heard it was some kind of loan they got. Everyone will receive their principal. The interest earned on you account will come within 9 months when DS earns it back. All i know is at this point i’m glad something is coming.
PipUNIT said
Money from Lewfam is comin early to Mid November, heard it was some kind of loan they got. Everyone will receive their principal. The interest earned on you account will come within 9 months when DS earns it back. All i know is at this point i’m glad something is coming.
DR said
Whether or not I get back my money for “the system”: I will have to get down to working hard….can’t afford another loss!. I still have a family to take care of……..Got to get on with business:
I can make it…..I will be successfull…..I will die trying!
I refuse to complain anymore….Just going to get out there and WORK!…..
Together We can…..Yes we can….
Comment said
Forexpeacearmy Under Governmental Investigations
Most of us of course know about forexpeacearmy and it’s forex reviews that a huge number of traders follow their judgement in everything related to forex ……. THEY ARE NOW UNDER GOVERNMENTAL INVESTIGATION !!!!!
believe that or not that is actually the truth
the US Court of Appeals and the Securities and Exchange Commission has filed a complaint charging Dmitri Chavkerov, a former Forex Peace Army And Forex Diamonds.”
Financial Newspaper ( 25/8)
http://www.allforexworld.com/Snaps/Forexpeacearmy-Under-Gov-Investigations.php#comments
Comment said
Not sure is any one knew of this: What Bank in Panama are they speaking of?
Sorry for those who fell for this scam, but but us what it is.
Had Grenadian ‘investors’ done a little due diligence they would have quickly found out that Olint was in deep doo-doo in Jamaica.
It all dates back to early 2006, when the authorities sought a cease & decease order against this ‘investment’ company and its founder. Long story made short here – Olint then sought to move to the Tucks & Caicos away from the gaze of the JA authorities and those awakening investors who wanted their money back!
Low and behold while all of these maneuverings and machinations were were taking place, a group of ‘well intended’ folks set up an (Olint affiliated)operations in Spice with the obvious intent of parting Spicers from their money! What else could their reasoning be when they had to have known about the growing unrest on JA investors in this Ponzi scheme?
Oh, Ponzi schemes were outlawed in the US decades ago, for their basic intent was to separate ‘investors’ from their money by using late comers to the scheme to pay earlier ‘investors.’ Much like the Nigerian quick money schemes, if you are not greedy, chances of getting ripped-off is slim to none, but … as they say, ‘you pays you money, you takes you chances.’ And those who paid into SGL took their chances, and now.. (am sorry).
Back to where I left off – apparently, a bank in Panama recently received same US$200 million in the name of the founder of Olint and did what most legit banks do, and notified the authorities in JA, TCI, USA and elsewhere where Olint and sister companies operated
or were intending to do so.
Unfortunate it is for local investors and the general public in general, the Grenada authorities up to July 8th 2008, in their great and candid ‘SUPER’ wisdom, did nothing to alert our hard working locals of the the pending doom with SGL/OLINT- TCI.
It is also very strange, if not baffling or more accurately, mind boggling that in his sphere of utmost wisdomry that SUPER Legal, being son of Jamaica in good standing; did nothing to alert his employers (The Grenada Public) of the sorry state of affairs with Olint in his homeland, where people were clamoring for return of their investment money in Olint.
Was the Super Legal Wizard not head of Grenada’s financial authority governing body? Please correct Spiceguy if I you think I have presented you with a tall.
Noteworthy it is, that your Super Legal Wizard choose to remain quiet on this important matter, which was plastered all over Jamaica’s leading papers – Gleaner, Observer, etc., for months and years.
What a Nice Fella to have had in your employ for those many years.
http://www.spiceislandertalkshop.com/cgi-bin/talkrec.cgi?submit=lt&fid=f1&msg_num=575248#575264
cw said
Happy B’day Sis!
Rabbit said
Thanks Comment!!
Rabbit said
Night all.
RedP – you have to stop spread propaganda pon di dread…:)
!!
Seriously though. Thanks for the greetings and kind words RedP, Madre and MercV!! The friends I have on this blog and the prayer bus are among the many blessings I have to thank God for. I thank you all.
Comment – I totally understand your decision to reduce your investment in Rove to the minimum. I decreased my investment and might consider decreasing it further. I seriously think we need to take the advice that several here have offered, i.e. learn to trade for ourselves by going through training, testing skills and strategies through months of dummy trading, and then sticking with these tried and true strategies in live trading. I think the FX traders among us have fared better than these Managed FX accounts.
Enjoy the rest of the weekend.
God Bless
Rabbit
Comment said
Happy Birthday Rabbit.
Mercury Vapor said
Happy Birthday too Rabbit!
Madre said
Is it Rabbit’s birthday today? Happy Birthday Rabbit! Wishing you many many more years. As RedP would say you are truly a blessing.
Anthony_dundee said
Hi Folks, I am starting to get a bit worried Lewfam, they emailed by a few weeks ago and say that they hope to get ppl’s principal in mid November (the earliest) they say they trying to get funds. Who going to lend them funds with this credit crisis? They also say that once they get money back from Olint they will pay the gains. Please continue to pray Christian Brothers nad sisters. Here is the email
Dear Mr. A
Thanks for your email. I am sorry that you haven’t received your funds. Presently we are trying to secure funds from a brokerage house in an effort to pay out the principal to all our members. We estimate that should take place sometime after mid November. In addition to this gains will be paid as soon as David Smith receives access to his account and has declared his profits from the outcome of his audit.
If you require further clarification please don’t hesitate to contact us.
Regards,
Member Care
Geotrdr said
Ok Sirach.
RedP said
HAPPY BIRTHDAY RABBIT!!!
LOVE
RedP
sirach said
Geotdr, you are really not there. You really have only swum in small ponds with limited experience. that’s all I can say.
Comment said
Rabbit Any news on Rove how are things going? I’ am thinking of just leaving the bare minimum in there. My rove 2 is down about $100+ since last month and cannot seem to recover every time it does it goes back down was down today $120+
Think I will just leave the initial $1000 there and pull the rest.
peace
Geotrdr said
@777
Or you can take all your money out….wait until the market finds a bottom and the dust settles…watch the recovery start…and then get back in. Thats just my opinion though and you know what they say about opinion.
Anyway, thanks for posting up the article Rabbit. Always good to have different opinions. Take note of his recommendations and watch them or take a look at them in six months.
pissed off said
The verdict is out guys, if your trader was UWIN you will only get the principal back ,UTHIEF is gone with all the money. For guys with Lewfam and OLint, I know there is not much info forthcoming at the moment but beleive me you are in better shape. I phone Lewfam today and I was told that both principal and interest will be refunded by mid Nov…….
Rabbit said
Good day to all
The following article is worth checking out. This link will only be available for 6 days to non-subscribers.
Plunge Gives Investors Chance to Diversify So Many Choices to Rebalance a Portfolio, Made Cheaper by Falling Markets
http://online.wsj.com/article_email/SB122349986820416607-lMyQjAxMDI4MjAzOTQwOTk5Wj.html
God Bless
Rabbit
maria said
NCB share price down to J$16.00. Excellent,we’re getting there people. Wayne Chen says they would be willing to sell superplus if price is right. Nice jamaica, keep the pressure up on the wolf.
Geotrdr said
I’m really a dummy so your gonna have to fill in the blanks for me. Plus it keeps everybody on the same page.
Moving on.
Lets say the schemers have the money. Then THEY HAVE IT and can do whatever they want with it. Gamble, buy p^m p^m, buy house, buy car, buy jet, whatever THEY WANT. Why? Because THEY HAVE the people money. People are not waiting for it to get gambled away people they just can’t get to it because the schemers have it. Infact the reality of it is that IT IS THE SCHEMERS MONEY. Sounds harsh and F@%ked up but thats the reality.
Nobody not going jail. Not in Jamaica and not in TCI.*
How any of the schemers going to go to jail? What they going to do, send themselves to jail? Is their friend going to send them to jail? Nope.
*They only way any of these peps going to jail is if the US or UK do it. Right now those two dealing with their of s#^t storm so forget that.
sirach said
Elaboration, If you “give” away a baseball cap that you borrowed from me. Does the person you gave the cap to have a legal obligation to give the cap back to you or to me?
If you recieve stolen property who is liable?
Come now Geotrdr, you trade around the World. you must have some additional depth and scope right? If you can study real fundamentals and multitask then filling in the blanks must be second nature to you.
sirach said
Well Geotrdr, The schemers continue to gamble to try to make back lost funds. And they are not being stopped. Everybody going to wait till everything has been gambled away?
Geotrdr said
Thanks for bring the complusive gambling issue to light. But….so what?
sirach said
Geotrdr said
Ralston didn’t have too say anything. Everybody knew Minister Shaw was talking out of his ba^^yhole. It is good that Ralston did say something though.
“It is the jail time for hundreds…yes hundreds of the people involved in nefarious activties and intent” Please elaborate on this.
sirach said
Geotrdr,
Whether or not people get back their money is the smaller matter.
It is the jail time for hundreds…yes hundreds of the people involved in nefarious activties and intent.
sirach said
Ralston Hyman chastised the Government for being slow to inform the nation about a serious issue that has become global.
“No disrespect, but for the minister (Shaw) to be telling us that nothing will happen to Jamaica is ridiculous,” said Hyman.
Geotrdr said
Yeah……Activity in this blog is directly related to news/rumours/BS about o,ww,cp etc. More news/rumoursBS equals more blog activity. I actually think the low activity is a good thing. People need to get on with their lives. Majority of the rumours/BS just give people false hope that they are getting back their money.
sirach said
Smithy, you cold as ice. You drop 8 million US Dollars on the JLP. The money was not yours. you never earned it. The elves siphon off some. And the rest get spent. Meanwhile you never told them from how long you are under worldwide investigation…you cold bredda…them all buy your special treatment hook line and sinker while everything was being watched…cold bredda….
Smithy no pride as a Jamaican? Poor little Don Wehby now must face them at the table to try beg some money for us and they look in his eyes Knowing bredda….that the said Don Wehby and his crew take the teefing money from you….The man tries a start on zero credibility…..he has nothing to put up for them about the teefing money..
Smithy you know they are simple people. You know they are jus trying a little hustling in the politics….and you double cross them and laugh after them so…you cold as ice…what a set up…
You don’t respect our leaders?
DR said
The blog is dead because our monies are tied up for now….there is nothing to report…no answers to questions……
We shall Overcome!…just a matter of when.
Mark said
This blog is dead. What is happening?
Comment said
Rep Good to see you! I emailed them last month to open an account just was trying to see if they were up they responded that they are currently not taking any new clients and they will inform me when they resume. Hope this helps.
RedP said
Good Morning Guys
As a matter of interest, no one has mentioned F1, are they still up and running or have they gone the route of the rest??
PEI said
Good morning Madre post his number for me please as I would talk to him. I call the number I have and I sent email. They have my number and me even ask them to call me but noone call. I get a email that say read what they post on their site that’s it. So post his number for me.
Madre said
Did anybody see the news, it appears that Audley Shaw collapsed, although there was such negativity floating about him which might be true, I still hope he is ok.
Madre said
PEI, just for one moment, suppose what he told you was the truth? Just for one moment imagine that. A lot of people are suffering and many people are angry.
Speak to the man personally, there might be some truth to his arguement.
K said
UWIN should be called UTHIEF or ULOOSE
PEI said
Madre, di columnist is Missa Williamson from UWIN.
Madre said
PEI, which columnist said that?
Dehustle said
PEI @ 751
I was waiting to see how long it would take one of these jokers to use the US meltdown as an excuse which has NOTHINg to do with what they have been carrying on with for the past 10 mths
Comment said
HD 752.
Why would this be a problem if they did not make more for September? I would be more worried is they had big drawdowns. is it just me but i would prefer to see a + figure regardless of how small it was but a – negative.
Let me know your theory behind what you are saying.
Mr. Söze said
Falling again. NCB shares down 25% over the last few weeks…
http://www.jamstockex.com/controller.php?action=view_stock_charts&StockCode=95&Days=90&graphType=price_volume_ma_line
-Söze
HD said
If Rove has employed professional full time traders to trade their funds or monitor their systems they should have made way more than that for September. I would be very cautious investing with them.
Yes, wait and see will not work !
PEI said
So now the columnist say the audit complete and that the trader not DS, but Orlando Johnson thief the money. Anybody see mi dying trial? is what that? columnist say they will however pay back people principal but all now you cant hear when them going to do that and say how them expect some money from foreign bank but since the crisis them just have to wait. by the way them say is between Oct last year and March 2008 dis trader guy thief up the money.
maria said
a true seh dem out fi test bolt an other jamaicans from the olympics urine sample again? lol, dem naw stop try fi get wi out.
Madre said
Hi everyone, Maria how are you doing today? Hold tight my friend.
Chilly, drop me a line nuh.
Rondy, yes, I am hearing the same thing, I am really busy these days. my link is ambassador4u@gmail. I just opened this account so I was a little unsure of the address, but I checked and got it right this time. No disrespect meant.
K, the silence is really not helping the situation, it’s really causing more frustration. I agree, I think he should communicate something to us.
RedP, good to hear from you. Yes, thank God for many blessings, he has been good to me.
Olint for life, thanks for the info. I will bookmark it. Take care everyone. Take care of yourselves.
RedP said
Hi guys!!
Its been a while, Madre whats up? Well, like some of you, I have been managing to hang on by the Grace of God and consider myself blessed amidst the circumstances and thankful. Guys, mi know it well rough, I know alot of you are fed up. All me too, but watch here.
What keeps me going and in a positive frame of mind is that sorrow may only last for a night, but joy cometh in the morning. What am I thankful for? Especially with twenty years of blood sweat and tears tied up? I am thankful that I have the ability to see that no matter my circumstance, there are others who are much worse off, making me very much thankful for what I do have. Not just in a material sense, but thankful for the ability to walk, hear, see, read, talk etc. The things we normally take for granted.
What the devil has intended for bad, God has turned around for good, by making me take stock of thing I never used to before. There’s a homeless person who paints and sleeps at the corner of Olivier and Constant Spring rds. I help whenever I see him. When I take a stock of it, I say there go I if not for the Grace of God. That could be me out there, lying on a piece of cardboard every night.
This whole debacle has led to the start of the Prayer Bus. It has been an absolute blessing. More importantly though, it has opened my eyes to a great need out there, there are people suffering spiritually, financially, medically, emotionally and otherwise. I thank God for the opportunity to share with other wonderful people who are a part of the P/Bus, and have formed rock solid friendships, meeting compassionate people who care for the needs of others.
So all in all, if the fund was never frozen, I would have never experienced this richness that my money would have kept me blind to. Is it worth it? Yes, undoubtedly.
Do I want my money back? Yes
Do I think I will get it back? Yes
Do I know when? No, but hopefully soon.
Will I join a class action lawsuit? Sorry guys, I cant afford it.
Hang tight Guys!!
Love and Peace
RedP
Prayer Bus Link Up cjb@ cwjamaica. com or olintdude@ gmail .com
Olint-for-life said
For those persons currently trading or intend to start trading, go to the following link at ForexPeaceArmy to read the reviews on several brokers:
http://www.forexpeacearmy.com/public/forex_broker_reviews
This gives us an insight into what brokers have been doing for/against traders.
I suggest you bookmark this page to have it on hand for quick reference.
rondy said
Folks, there seem to be some positive news .I understand Worldwise made some payouts and UWIN has promised members payment at least of their capital for now.
waiting in the wings said
Im sure that no let me rephrase that i know for fact that all the pigs and the proprietors living the good life still. Remember say that them buy dem assets cash no bank loan so nob0dy can tek them way so there is a dramatic increase in lifestyle all the gal ingrid who used to deh a south camp road a beg money fi start homework business.a live big life a south africa so ooonu stay dey a wait pon manna from heaven. Dem tek wi money an rip and run off there should be a class action lawsuit and i still dont hear anybody saying anything.
my point is forget about it i have waited i have read the blogs and the truth is there shall be no funds until people realise this then we sahll continue to have weeping and wailing and gnashing of teeths.
It is a hard reality for me to face as well because i have lost my home and i am so upset that i am thinking of the most dastardly of acts against them but life still goes on.
i find comfort in the fact that this too shall pass but is a hard big pill fi swallow.
PEI said
K, game over and DS is facing jail time.
K said
Maria,
with each passing day I believe David Smith and his attorneys are all engage in this scam. They have not released any updates at all. I believe DS retained these folks to protect his butt. In fact I think he probably hopes in time we will all forget about our monies.
Imagine all this is going on and still nothing from the club. He’s a coward pussy hiding behind his lawyers who took our money. If he thinks he’s going to get away with it, he must think again. Same knife weh stick goat stick sheep.
People out there suffering and he was living the life on other peoples money and continue to talk shit about audit this and audit that.
I would love to eat my words and get my money or part thereof in 9 months but with no communication so far peoples hope are dwindling. Yet so many people in various circles still claim to be hearing this and that, saying he plans to pay us. Where the heck are they getting that information from?
I’m sure DS or his supporters lurk on the boards time for him to say or do something? WHat happen to the investigation, whats the status? What happen to the asset frozen?
Still waiting said
Hello Everybody
Any word on Maydaisy???????????did they just fall off the face of the earth? dem not even cussing us anymore!
Patricia said
http://www.jamaica-gleaner.com/gleaner/20081007/lead/lead1.html
How some Jamaicans in the US are faring.
DR said
Thanks Olint-for-Life, I will check it out…
Olint-for-life said
An extract from the Secret Society webpage.
ForexPeaceArmy.com
This army has tens of thousands of members, and whenever a member of this army gets scammed by any forex company, the army deploys its troops and other resources to recover the money of the person who just got scammed. If you are a forex trader, you should definitely become a member of this great force. You’ll probably sleep better at night by knowing that something this powerful is behind your back.
chilly said
Madre @736,
I still hop on and off the bus to see whats up. Just waiting for the forex club “bail out plan” to be rolled out.
Madre said
oops Rondy, I made an error in that email address.
Olint-for-life said
DR @731 and Maria @732/733
There is a secret society that controls the forex market (smile).
Have you ever heard about the “Secret Forex Society”? Probably not.
Who they are:
http://www.secretforexsociety.com/public/about
More info about them:
http://www.secretforexsociety.com/public/index
Read at your own leisure.
This was sent for information only.
Olint-for-life
Madre said
RedP, how are you? You busy with prayer bus, long time nuh hear from you on the blog.
Chilly, you are a busy bee, where did you go?
Madre said
Hi everyone, sorry for the delayed response.
Rondy @ 727 my email is ambassadorforu@gmail.com
Maria, I am so sorry to hear about your situation. Just keep the faith, nuh badda wid dem talk deh, trust mi nuff people out to go to Bellvue but remember the struggles of Nelson Mandela and the story of Steve Biko and even Christ himself. Just hold tight mi fren, hold tight. nuff love!
maria said
if DS is anywhere near as good as we have been led to believe (in terms of FX trading) he should have made back at least 3/4 of the money he lost with the way the currencies have been moving recently.
maria said
wonder if a bin ladden behind di whole ting sah?
DR said
What is really going on? Wall Street Dow lost over 800 points today…worst in History….Seems like “The End” is near…..
Let’s hope the Bush Bail-Out plan works, and that Obama will be able to carry on…after the election.
Jamaicans, in the meantime need to save as much money as they can in order to weather the storm.
Rabbit said
FYI : The following explanation of what went wrong with BTRFX was provided by an investor that had access to the trader. He is attempting to setup a recovery trading fund for the persons that lost $.
So how did it go wrong?
Forex trading is complicated but I will try to simplify as best I can.
Let’s assume you have deposited $100,000 with BTR.
Forex trading works by utilizing margins i.e.: on a $5,000 trade the actual trade value is $500,000, a leverage of 100 to 1. The $5,000 is the capital from your account and the margin/leverage is supported by the capital reserves that are not traded.
If the trade is in a negative position or losing money then it is your capital that enables the trade to carry the losses until the trade turns around into profit; the deal is then closed and the profit is booked.
Because of the size of the trades that BTR was trading they had to use 4 or 5 counter parties (other Forex Banks) to do the trade.
One of these was one of the largest foreign exchanges in the world; and in the open trades they were carrying a large part of the trade.
The recent trades which were all based on the Dollar weakening – opened in August and declined over the period on a gentle down ward slide.
The trader did not buy into the positions until there had been substantial drops of at least 750 pips (a pip is the smallest measure of currency movement), which is a massive movement for a major currency.
The trade was a ‘buy’ position as the traders systems projected that the Euro/Pound would increase in value again raise a few pips and the profit would be booked.
The Euro/Pound however continued to slide in an unprecedented fall (the largest movement of a major currency in the history of FOREX TRADING)
At the point where the losses on the trading platform reached 25-30% the Trader placed the hedge trade, (a hedge trade is the opposite of the first trade).
In this case the hedge trade was a sell trade on the Euro/Pound. So, when the Euro/Pound continued to slide the first buy trade lost more money but at the same time the sell trade made profit; so the loss on the platform did not increase.
So the trader did protect us against a loss of more than 30%.
But
The supporting trades were at the earlier mention counter parties. The buy trades (losing trades) were with two of the counter parties.
The Sell trades (protective hedge and making a profit) were with another counter party.
Because these trades were all with different banks the gains in one did not counter the losses in the other.
These trades, with each of the banks are at a leverage of 100-1 and the loss trades are supported by money on deposit in each of the counter parties.
When the losses continue and exceed the security provided by the money on deposit you get a margin call. (Which means: Put in more cash to support the trade or we will close it.)
“The perfect storm…”
Before the Labor Day holiday weekend, the trades were hedged, but the Euro / Pound continued to fall.
On the platform we looked stable at our loss, but behind the scenes the counter parties that were holding the original buy trades were getting near margin.
As the Labor Day Monday holiday came, the rest of the world’s markets came to life and started trading, and the Euro declined even further being dragged down by unexpected comments by Alistair Darling the chancellor in the U.K.
One of the counter parties holding the original buy trade reached margin and closed out automatically, protecting us from further losses.
The second counter party trades differently, when it get near margin it would normally make a margin call, however this happened on Labor day so it couldn’t ask, it also couldn’t close the trade because uniquely our trader didn’t have electronic access to intervene on this counter party trade.
So the loss on this counter party grew bigger, considerably bigger, by the time the USA opened for business on Tuesday, the European and Asian banks had been trading for 2 days.
The Euro had crashed even further, creating a massive debt on the still open counter party account.
Those of you involved in the live trade will have noticed that one of the profitable hedge trades was closed before the platform was shut down.
This was done to raise some money to meet the margin call from the still open bad trade. However it wasn’t enough to keep the trade going and the Euro still kept falling. So the trade closed as it ran out of margin.
The only cash that was available for dispersal were the funds from the one remaining hedge trade that was in profit.
What about persons who had accounts that weren’t being traded?
It is bad enough for the investors who have accounts that were traded to have lost money. But there are a few groups who did not have live trades involved in this situation, and they may well wonder how come they have lost too.
I will try to explain.
I refer back to the counter parties I mentioned earlier.
In order to trade with the counter parties, (so that BTR has enough instantly available trade placing capacity), BTR deposits funds at these counter parties. This is the margin I referred to earlier. This margin placed with the other counter parties is part of the total client funds, so each and every trade uses the same margin, of course most of the time the volumes traded never reach anywhere near the margin call.
Stop it said
How can they investigate that but the criminal hasnt returned ppls money?? The thief tek people money buy real estate but him nuh want nuh body tief from him…This guy got balls a steal….Is either them go after that crock or somebody gonna go after him.
G-Man said
World Wise Partners CEO alleges robbery of million dollar property
http://www.radiojamaica.com/content/view/12177/26/
rondy said
madre@723 could you send me you email address via Kevin? Kevin, would u be so kind?
Bless
maria said
madre you have no idea how i wish what you said about january were true. couldnt take advantage of the recent tax amnesty and now i expect govt. to take my real estate any day now. in debt up to my head top so if no funds are forthcoming i may have to seriously consider leaping from atop one of those tall buildings.
sirach said
Babylon Olint was never registered in TCI.
Leaving Babylon said
Greetings breddren. My apologies it has been so long since a post. A lot of ugliness has hit the forex world and I have to agree with Merc V on the link above – what has happened to all of these promising forex managed accounts? I’m glad to see Rove is still alive since I was the one pointing them out however long ago, but a good friend of mine was lambasted in Capital Blu and I recommended a pastor friend to BTR, which held rave reviews and then BAM 90+% gone.
OK now onto Olint… How many of you have been contacted by the FSC or the Financial Crimes Unit? At this point, I don’t see any money returning within any reasonable time frame. For those of you that have made routine encashments (such as myself) apparently we have even less to be optimistic about. Naturally, no one will tell you anything and the only news articles ever published are more of the same, “Investigation still on-going, blah, ba-blah, it will take a long time involving many jurisdictions, blah, ba-blah, etc.”
Sadly, I believe that we are not receiving information from David’s attorneys because there is no news in the courts and the law firm is stuck in a losing position politely spending our money on their alleged top notch legal service. The other problem is that we club members only have one path of recourse, which would be both expensive and a long-shot and that is to file a legal action against the FSC of Turks Caicos, which are suppose to be providing oversight for all registered financial institutions in TCI. Also the TCI-FSC required Olint to take out an insurance policy before granting their registration – what was that policy for, whom does it cover, and at what values??? Oh, did I say long shot – I mean worse, but perhaps this insurance policy has some provision for victims of fraud.
Most of you already have my e-mail and I’m on RedP’s prayer chain. Tell me your thoughts guys, because the wait and see attitude is going to get us no where. I want to know why no one seems to be placing any blame on the FSC? Well I guess we can all be glad that the politicians got their money back and the insiders stuck it to the newbies before they jumped ship, and so then there’s us loyal “friends of David” gullible enough to be left out in the cold.
If you are contacted by the Financial Crimes Unit ask them:
How much money has been identified so far?
What is the likelihood that this is a Ponzi?
What are the details of Olint’s insurance policy?
Are they preparing to press criminal charges?
November 11th will change matters and combining jurisdictions should help move matters forward. Unless someone comes forward and proves that there is substantial money tied up, Olint is/was a Ponzi and we were not supporting a persecuted martyr, but a total con-artist. It may help us in pressing TCI-FSC in a jurisdiction other than TCI (if such a move would even be granted).
I wish I had better news, but my conversation with the Financial Crimes Unit was not encouraging.
Madre said
Hi everyone, got really busy over the last two weeks.
Maria, I agree, we could’ve been cushioned so much, I think they have realised their mistake, but their egos are bigger than their brains. Closure of businesses can’t be good for anyone – even the richest man in Jamaica. Why must we “cut off our nose to spite our face”. What a horrible face it has turned out to be, this noseless face that is causing so much suffering and has helped to spike the crime rate.
Maria, I hear that your 400 million will be returned in about January next year, so keep the faith. I am still being hopeful.
Peace.
Mercury Vapor said
Good night blog family. I was browsing around on Forex Peace Army. For you guys that don’t know about it…it’s a website that has reviews of forex brokers, managed accounts, signal providers, etc. Well, I checked up on the reviews of Capital Blu Management and found this:
Current CBM FX Fund Client, USA
Rating: No Rating
Date of Post: 2008-10-02
Review: The NFA took an emergency regulatory action against Capital Blu on Sept 16, freezing all their brokerage accounts. It appears that client funds were either lost or transferred out prior to this action, leaving basically no money in the frozen accounts. Capital Blu is now under investigation by the CFTC as well. When I called Capital Blu a week or two ago, they referred me to their attorney, who of course did not return my call. Now phone calls are answered by voice mail and you’re asked to leave a message. Thus far, I have had no success in recovering any funds. If any funds are recovered, any movement back to clients would now be under jurisdiction of the federal agencies conducting the investigation. The amazing thing is they are still sending out their ProFX Alerts, so they evidently aren’t totally shut down.
http://www.forexpeacearmy.com/public/review/www.capitalblu.com
Rabbit said
MercV @ 720. Thanks for the advice. I agree with you totally….my post was not intended as a rebuttal to yours. Like Comment I have reduced my investment with them….my risk tolerance has decreased
I am also keeping fairly close tabs on the performance during the month.
Have a good night all.
God bless
B
Mercury Vapor said
Re: Post 714
Rabbit said: “MercV and Comment – although Rove’s results over the last three months hasn’t been as good as the previous 18 months I’m still with them. I think they are one of the most transparent, courteous and responsive FX Managers.”
Hi Rabbit, I’m not saying you should close your Rove Capital account. I think you should stay with them as long as they’re doing well. However, most managed forex accounts close after 1 or 2 years. This is because at the beginning they do really well, but after a while they start to make large losses, and eventually they close the account (having made a moderate loss) or the account gets completely wiped out (having made a huge loss).
So you should check the return of Rove Capital each month, and have a maximum amount that you are prepared to lose. If I had money in Rove Capital I would be willing to lose no more than 25% of my money. So if they are trading and they start to make losses, if the total loss equals 25% of the money I have with them then I would close my account. Many people don’t want to do this because they feel…and hope…that the forex traders will be able to turn things around and recover the loss. You shouldn’t do this because from what I’ve seen this usually doesn’t happen. So have a maximum percentage of the invested amount that you are willing to lose. It can be 25%, 30%, or 35% but no more than that in my opinion.
Patricia said
I guess Patrick’s spin about the recent downgrade from stable to negative didn’t quell the fears…LOL!!!.. Yea Overchill, buy it trade it and prosper!!
Patricia said
http://money.cnn.com/2008/10/03/news/companies/wells_fargo_wachovia/index.htm?postversion=2008100307
Patricia said
This is interesting, esp for those following the Wachovia scenario
Wells, Citi square off in Wachovia bidhttp://money.cnn.com/2008/10/03/news/companies/wells_fargo_wachovia/index.htm?postversion=2008100307
Maria,
People in JA must learn to talk,walk and fight with their wallet.
If people feel strongly enough about a company’s management/culture/service then they must act.Be conscious and discriminating consumers.
You know as an ethnic minority & professional/ businesswoman in a predominantly white environment, I have learnt to fight with my wallet.And for sure that is one thing people seem to understand here is that money talk and BS walk.
Overchill said
ncb stock down 18% already… Who woulda thought…
RedP, you ready?
maria said
i am not sure if jamaicans are answering the call to boycott the wolf dem business after his utterances and alledged actions against alternative investment schemes (olint in particular)but i would like to think so. if it could mek dem haffi lock down 5 supermarket it a wuk good !!! would now like to see this same result in flow,ncb,him insurance company, di wharf place an anyweh weh him have stake.when di world inna financial turmoil jamaica coulda have a likkle cushion but sake a him…
http://www.jamaica-gleaner.com/gleaner/20081003/business/business6.html
Comment said
Rabbit I’ am still with Rove as well just – decreased the amount of capital I had with them to be on the safe side while the markets get back on run flat tires, I really have to be safe in these times even though it’s not really a safe venture but I still have the Richard Branson spirit kicking when I’m ready.
Have a blessed day to all and keep the faith.
Rabbit said
Good Morning #4 family!!!
Hope all is well with you.
MercV and Comment – although Rove’s results over the last three months hasn’t been as good as the previous 18 months I’m still with them. I think they are one of the most transparent, courteous and responsive FX Managers. Must admit that I check the a/c often, especially since the failure of some of the recent “stars” in the FX managed funds arena.
Floridian is alive and well. Hadn’t heard from him in a while so I checked up on him. Some humor would e lost if I attempted to paraphrase his response so here it is….
I’m alright Rabbit… Just long hours with the job and when I come home mi so tired mi can’t even press “power” pon di computah!!!
Look deh… Is the 1st time since September 23rd when yuh write mi an mi just a respond to yuh…
Hail up the blog and tell di genkle people mi safe like Olint…
hahahahahahaahahahahahahahaaha
Can always count on Floridian for a laugh!!
A good day to all.
Rabbit
Mr. Söze said
Anybody who thought jca’s banks would survive all these crises unscathed. NCB shares have lost 18% in the last few days…
http://jamstockex.com/controller.php?action=view_stock_charts&StockCode=95
-Söze
Mercury Vapor said
Rove Capital is flat for September. Their Dresden Account made +0.17% and is up 58.48% for 2008. You can look at their performance here: http://rovecapital.com/Dresden%20Account.html
Bless said
Paige and PEI:
Thanks for the info because the their customer service rep cant provide any info that is concrete just some vague nonsense
I will continue to hold strain I hear that Tony was trying to source fund which is ridiculus as they e-mail us that our fund was safe, where is the truth?
Buoy it better dem stop call dem self christian because is satan me see with all the deceptions – that what satan is the master of
sirach said
Yes PEI….you find the book of Sirach! congrats. Sirach the son of Jesus. Hold your horses simpletons there are many named Jesus in the bible.
Yes PEI…..have the schemer’s biult their own tombs? Good question.
Rabbit said
trying again….I think my posts are failing because of the URL
A good night to all my friends and family on the #4 bus.
Comment@ 673 – all is well thank God. Hope things are well with you on all fronts too.
Found the following article in the NY Times interesting….
‘Is My Money Safe?’ and Other Questions to Ask’ (edit the URL below to replace ” DOT ” with the period)
http://www.nytimes DOT com/2008/09/30/business/yourmoney/30money.html
Rabbit
Rabbit said
testing – my posts are failing
Rabbit said
trying again….
A good night to all my friends and family on the #4 bus.
Comment@ 673 – all is well thank God. Hope things are well with you on all fronts too.
Found the following article in the NY Times interesting….
‘Is My Money Safe?’ and Other Questions to Ask’
http://www.nytimes.com/2008/09/30/business/yourmoney/30money.html
Rabbit
PEI said
Book of Sirach Chapter 21 verse 8.- “He that buildeth his house with other men’s money is like one that gathereth himself stones for the tomb of his burial.”
Bwoy you would think that these club operators who say are they are christians would know that.
Paige said
PEI
No problem
PEI said
Miss Paige thanks for that update. We will have to wait and see.
Paige said
Hello all,
Bless@ 693
PEI@ 694
I spoke with the columnist directly about two weeks ago and he stated that the audit has been completed and they were in the process of double checking the numbers at the time. He stated that UWIN payout would commence on October 6, 2008 in the order the request was made. He stated two stages: principal first and interest the next go around. Sound just like WW and Uwin is taking a page out of the same book to me. I guess we all just have to wait and see.
PEI said
Bless i send a email to support at UWIN and them say in a few days we’ll hear more about payouts. Is like we a play send di fool a likkle furda LOL!!
maria said
yes bredda, dem seh unfair game play twice.
wonder if him (wolf) a go hire DS fi help him out?
http://www.jamaicaobserver.com/news/html/20081001T000000-0500_140812_OBS_STANDARD___POOR_S_REVISES_NATIONAL_COMMERCIAL_BANK_RATING.asp
maria said
and the wolf may be getting his just rewards now.
http://www.jamaica-gleaner.com/gleaner/20081001/business/business3.html
maria said
anybody weh have money a jmmb do oonu due diligence
sirach said
October…Welcome to the month of the balanced scales.
Comment said
Taken from : http://www.suntci.com/
Investigators probing financial irregularity by investment company Olint Corporation, run by David Smith, said they could not give a
Definitive time as to when their investigation would complete, since their were overseas countries involved from which data needed to be collected.
Head of the investigations Mark Knighten from the Royal Turks and Caicos Islands Police Force Financial Crimes Unit told The SUN that investigations were still on-going, and while he wanted to give a time as to when their probe would complete, the current investigations climate would not allow it.
In addition to tedious task of obtaining the relevant information from the various jurisdictions, Knighten said there were a number of documents that investigators would need to peruse, a process he said which would force their investigations to proceed at snails pace.
In view of the fact that there are various jurisdictions involved, the amount of documents to examine, we are still in a process, and we can progress really until we have got the full picture. Of course, when we have got the full picture, then we would decide on the further course of action, Knighten said.
When asked as to give a timetable as to when investigations might complete, Mr. Knighten said: he could not put a timetable on it. My experience in complicated and complex inquiry shows that things are not on the table to predict. You have the problem, of course where you rely on foreign jurisdictions for information as well, so I cannot really give a timetable, Knighten said.
Millions in local assets owned by Smith were ordered frozen by the court, following a raid on his home and companies by Financial Crimes investigators on July 14. Since the seizure of Smiths assets, a number of investments companies and agents across the Caribbean and Latin America, which local media in those countries claimed were part of Olint, had become insolvent, creating an atmosphere of panic.
Investigators in Jamaica a Smiths native country had taken a special interest in the investigation locally, since it was reported in that country’s media that persons had invested billions of dollars before its main operations was shifted to the Turks and Caicos Islands. Since news broke that Smiths assets were seized, media houses from that country had been tripping over each other get a true picture as to what was happening. Local investigators were contacted on several occasions to explain where they were with the probe. Some of those media houses even dispatched reporters to the Turks and Caicos Islands to dig even deeper into the true nature of the matter.
Knighten had said in a previous interview with this newspaper that since nothing has been proven against Smith, his movements were not restricted, and that he was free to travel about and in and out of the country, adding that his travel documents were not seized, and he was never questioned by the police
Olint has been facing a string of legal problems since 2006 when the Financial Services Commission (FSC) served a cease-and-desist order on the entity. On November 3, 2006, the court granted a stay of execution of the commission’s cease-and-desist order until March 26 last year. It was also ordered that there should be no increase in the membership of Olint until the appeal was heard On December 24; the FSC was vindicated when the court held that the operations of Olint were in breach of the provisions of the Securities Act. This through its dealing in securities and engaging in the participation of a profit-sharing agreement, issuing investment contracts, and providing advice to potential investors without the required licenses and registration.
Bless said
PEI:
Same here tired of the BS. They told me that payment would start today according to Yasmin
According to the office (1866) they are securing funds to repay but they told us that our money was safe and they were doing an audit
LIES LIES LIES
PEI said
Bless I dont hear anything new. They said they will get back to me after the end of September. They never tell me they would actually start paying back today. If me dont hear nothing by Friday then me will call evry number plus send email to them. I see that them change my statements for July and August cause now there is no gains and my balance is back to what it was as at the end of June. Mi jus want mi money.
Bless said
PEI:
Heard anything regarding uwin?
I tried the numbers got busy signal
I thought said that they will start pay back today
PEI said
Heat on BOJ – Audit unearths several concerns at central bank – Question raised about $51.5 million loan to Latibeaudiere
published: Tuesday | September 30, 2008
http://www.jamaica-gleaner.com/gleaner/20080930/lead/lead1.html
somebody please tell me why this man still have a job?
Comment said
sirach # 682 the link is dead
Not Found
The requested URL /probe.aspb was not found on this server.
Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.
sirach said
Comment chect sirach 676
Comment said
No result yet in David Smith probe
Investigators probing financial irregularity by investment company Olint Corporation, run by David Smith, said they could not give a definitive time as to when their investigation would complete, since their were overseas countries involved from which data needed to be collected…
Read more
Taken from : http://www.suntci.com/
sirach said
Unno been asking for some New Testament recently. I have been a busy bee but here you are. Mr. Shaw this one is for you and you know who (the hirelings) as well.
John 10: 7-14
Then said Jesus unto them again, Verily verily, I say to you i am the door of the sheep.
All that ever came before me are theives and robbers: but the sheep did not hear them.
I am the door: by me if any man enter in, he shall be saved, and shall go in and out, and find pasture.
The theif cometh not, but for to steal, and to kill, and to destroy: I am come that they might have life, and that they might have it more abundantly.
I am the good shepherd: the good shepherd giveth his life for the sheep.
But he that is a hireling and not the shepherd, whose own the sheep are not, seeth the wolf coming, and leaveth the sheep, and fleeth: an the wolf catcheth them, and scattereth the sheep.
The hireling fleeth, because he is a hireling, and careth not for the sheep.
I am the good shepherd, and know my sheep, and am known of mine.
sirach said
Is the BOJ an institution of the people or just one of the schemes? The downplay by Audley Shaw shows uncanny similarity. Worried there also Mr. Shaw?
http://www.jamaica-gleaner.com/gleaner/20080930/lead/lead1.html
sirach said
The good book can simmer the festering in the afflicted:
The preparations of the heart in man, and the answer fro the tounge, is from the Lord.
All the ways of man are clean in his own eyes; but the lord weigheth the spirits.
Commit thy works unto the Lord, and thy thoughts shall be established.
The Lord made all things for himself: yea, even the wicked for the day of evil.
Every one that is proud in heart is an abomination to the Lord: though hand join in hand, he shall not be unpunished.
By Mercy and truth iniquity is purged: and by the fear of the Lord men depart from evil.
When aman’s ways please the lord, he maketh even his enimies to be at peace with him.
Better is a little with righteousness, than great revenues without right.
A man’s heart deviseth his way: but the Lord directeth his steps.
A divine sentence is in the lips of the King: his mouth transgresseth not in judgement.
A just weight and balance are the Lord’s: all weights of the bag are his work.
It is an abomination to Kings to commit wickedeness: for the throne is established by righteousness.
Righteous lips are the delight of Kings: and they love him that speaketh right.
The wrath of a King is as messengers of death: but a wise man will pacify it.
In the light of the Kings countenance is life; and his favour is the cloud of a latter rain.
How much better is it to get wisom than Gold! and to get understanding rather to be chosen than silver!
The highway of the upright is to depart from evil: he that keepeth his way preserveth his soul.
Pride goeth before destruction, and a haughty spirit before a fall.
Better it is to be of humble spirit with the lowly, than to divide the spoil with the proud.
He that handleth a matter wisely shall find good: and whoso trusteth in the lord, happy is he.
The wise in heart shall be called prudent: and the sweetness of the lips increaseth learning.
understanding is a wellspring of life unto him that hath it: but the instruction of fools is folly.
The heart of the wise teacheth his mouth, and addeth learning to his lips.
Pleasant words are as a honeycomb, sweet to the soul, and health to the bones.
There is a way that seemeth right to a man: but the end therof are the ways of death.
He that laboreth, laboreth for himself; for his mouth craveth it of him.
An ungodly man diggeth up evil: and in his lips there is a burning fire.
A forward man soweth strife: and a whisperer separateth chief freinds.
A violent man enticeth his neighbour, and leadeth him into the way that is not good.
He shutteth his eyes to devise forward things: moving his lips he bringeth evil to pass.
The hoary head is a crown of glory, if it be found in the way of righteousness.
He that is slow to anger is better than the mighty: and he that ruleth his spirit, than he who taketh a city.
The lot is cast into the lap, but the whole disposing thereof is of the Lord
sirach said
Rondy, their time will come faster than u might think.
sirach said
http://www.suntci.com/probe.aspb
sirach said
JSM..you have yet to state fact.
K said
JSM – I don’t believe it. If it is true there should be communication from O and/or attorneys.
Just more 3rd party hear say.
Dehustle said
PEI @662
My how times have changed We know now the the club operators are mainly to blame but memba when it was suggested that Wachovia was having liquidity problems and was probably trying to drag thier foot with Olint how some people scoffed at the idea
Interesting times indeed.
Hopeful said
#660
I tried sending this last night and it said my comment is awaiting moderation. I dont know what that really means so I am trying again. I am from the original Olint (overseaslocket.com) and I was having problems until I tried the link below. I hope it works for you too, so you can see your paper millions.
https://olint.securesrver.com/efund/main.html
Question?
With Wachovia acquiring Wachovia, what does it mean for Olint’s funds that tied up there?
rondy said
Sirach @ 669. It’s one big conspiracy amoung all the scheme operators !! Look at the amount of assets that scheme operators acquire, even while their members are suffering alone .Wayne & Yana Smith, Noel & Jusy Strachan, Tony Williamson, and the whole lots of them, are they suffering ?? NO !!
They are all criminal as far as I am concerned. !!It’s time to wake up an move one now…or else we run the risk of becoming mad when the 9 months up and there is nothing to show.
Patricia said
Comment, I am good…GOD is GOOD. I maybe short on change but full with HIS blessings and love
Tito said
@ JSM that’s the firs I heard about it, however I think the courts haven’t recovened as yet since Hurricane Ike
sirach said
The suffering is widespread and growing day by day. The scheme operators have really done a number on Jamaicans. We pray for the sufferers and we try to help even with limited means. To the schemers we also pray that they leave the Devil and enter into the light of truth and honesty. For it seems they still refuse to stomach their own poison while administering it out to the masses.
maria said
would you at least be willing to share where the info came from?
JSM said
OLINT Assets, not monetary, computer etcs has been returned by the Govt. of TCI.
I can only state facts. I cannot and will not speculate on what that means
Comment said
Just checking in Patricia, Rabbit, Dr. and the rest hope you are in good spirit in these time.
maria said
wonder if at some point we will see ncb being bailed out by the government? ole time people always seh when yu dig hole yu fi dig two.
JSM said
Maria @ Post 663
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20080929&ID=9202000&Symbol=WB
Maria as you can see the The CRISIS is WORLDWIDE.
It will be tough times across the Board.
maria said
you know, when storms like katrina and ike hit the US its a big thing but we in jamaica go thru this practically every year and at times more than once.when jamaicans have to do without light and water for weeks the americans cant imagine such a life. we just get up and get on with our lives. perhaps the demise of our cashplus,olints,higgins warners schemes and the past finsac business are similar storms. the US is now getting their share. jamaicans will get up and carry on but how well will the people in the US cope?
PEI said
Well Maria now me cant login into olinttci.
Citicorp group take over Wachovia.
Hopeful said
Use the URL below
https://olint.securesrver.com/efund/main.html
V Happi said
“The site is down for maintenance and will be available at 8:00 AM September 24, 2008.
We sincerely apologize for any inconvenience caused.
Thank You”
Amazzzzzzzing……What is today’s date?
maria said
yyyyaaaawwwwwnnnnnn. yes, interesting stuff. so anybody in the original olint outfit able to get into their account now?
sirach said
It was most surprising to many people in these islands that Ariel Misick, despite being the brother of the Premier, would have put his name and reputation on the line to go to the Supreme Court and the Court of Appeal to have the commission stopped. After reading the news accounts in the TC Weekly News this summer about how Mr Misick took an active part in the 1986 Commission of Enquiry to expose the corruption of the PNP Government then, that he would have been ready to help expose PNP corruption now, even if the people involved are close to him.
sirach said
everybody had good church?…Revived? Energised? Ready
KEEPIN THE FAITH said
Yes Sirach its Sunday, family time.
rodger said
long time I was not posting on the blog.
Just want to share my views….
Olint does not have any money to buy back people money!!!!!!
It does not matter if olint bank is NCB or Wachovia there is no money. All of you people need to stop thinking about that.
I dont want to hear no news from david smith and olint. All I want to hear is when he is locket up in a prison for taking people money for his play money………
everything is a excuse this and that fact is there is nothing.
Sirach stop helping olint before you get locked up as well.
DS need to do something with himself!!!! if you understand what i mean.
Where is he? Where is his brother? Where is his wife? We need to find them and lock them up for fraud?
By the way where are DS laywer who is so great as it was said???
All of the motherf.ck..!!!!!
regards
rodger
I feel better now!!!
Mercury Vapor said
Wachovia Corporation
http://finance.yahoo.com/q?s=WB
Stock 1-Year Chart
http://finance.yahoo.com/q/bc?s=WB&t=1y&l=on&z=m&q=l&c=
Your FEEDBACK said
# 652 LionHeart
I Guess O site is fully down now it’s not working with any Browsers now. Guess there server bills are either due and not paid or they have decided to take them down. Neither O or OTCI works.
peace
sirach said
Quiet time..
Puzzled said
Heard it on CNN that Whacovia Bank is in big trouble and will be the next big bank to crash if it does not merge or sell out. What does this mean for those clubs such as Olint with money tied up there?
equality said
Can anybody say if he/she has got any money from world wise? I really need to know.
Comment said
Anytime. # 652.
LionHeart said
Comment @ 642,
Thanks, the site worked in Safari.
Winnie said
the banks tell me that the 45 days is for the foreign cheques drawn on foreign banks – the 45 days counts weekends. if the cheques are local foreign cheques the period is much less
NuffPips said
DR #651 said:Commercial Banks did….but JMMB I am told is safe….only lost 3% of their profits……. Let’s hope that is the truth….. Only time will tell….
What I heard is that JMMB had 3% invested in Lehman Brothers. I am not sure if what you say about them losing 3% of profits because of the Wall Street debacle is correct. Maybe I’m wrong, being in Ft Laud.
DR said
We just all have to hold tight, because I heard today that JMMB is not the only institution that lost money on Wall Street….seems like most of the regular Jamaican Commercial Banks did….but JMMB I am told is safe….only lost 3% of their profits……. Let’s hope that is the truth….. Only time will tell….
RSI said
Washington Mutual bites the dust
maria said
well baba mni inna di “horiginal” olint an a di same ting mi a si all now.
JBaby said
CS, where did u get that info about JMMB? I called and they said the only place they lost money was the 3% in Lehman brothers.
trigga said
lewfam closing soon any news but they don’t know how they will pay back funds.
Overchill said
It seems they have switched to some kind of ’secure server’ based site. Sure wasnt that address before. Anyone know anything about that?
PEI said
Maria, I can report that olinttci is up and my 2 shillings on paper are still there.
maria said
what a hell if when it come back up mi nuh si mi laas statement or 400 million dollar encashment request dem doa sah?
maria said
it is now 7:30pm 25th sept. 2008. the following is on the olint website. if they cant keep this simple promise how can i expect the 9 month one to be kept?
“The site is down for maintenance and will be available at 8:00 AM September 24, 2008.”
We sincerely apologize for any inconvenience caused.
Thank You
Bless said
Comment:
JMMB will hold cheque for 45 days approx. 9 weeks (2 months and a week)
Comment said
LionHeart# 638
It’s the Browser, It works fine in Mac Safari i think there is an issue with Firefox I tried also and had problems,
You are getting a faultCode:Server.Error.Request faultString:’HTTP request error’
Try another browser.
peace
sirach said
grovelors…unoo day soon come. Unno expose longtime.
Comment said
Ok Patricia thank much. Hope all is ok with you.
Peace
LionHeart said
The Olinttci login page not loading for me.. Anyone else having this issue? Not that it makes a big difference anyway, but I still login occasionally to see if there is any new communication.
Patricia said
Comment, when I was in Ja I know banks would hold foreign cheques, including drafts for 30 business days. Sometimes more.
sirach said
Wait nuh. Everything soon be alright. the man dem seh so.
Mercury Vapor said
The above article was taken from Forex PM:
http://www.forexpm.com/managed-forex-truth/
Mercury Vapor said
“Managed Forex Truth”
After spending some time reading various public forums, it is clear that there is a lot of demand from investors to diversify away from the traditional mutual funds into managed forex. Some people just seek high returns on their money through someone else’s forex trading. Unfortunately, the truth is the vast majority of managed accounts are negative after 12 months, many even receiving margin calls before the 12 months are up.
So Many Managed Forex accounts to choose
There are a very large number of managed accounts out there now. Even a simple google search will provide many traders offering their services. “Over 95% of traders lose money.” This statement is certainly no different when it comes to managed accounts. Many traders offering managed accounts earn commissions for every trade they place on your account, even the bad ones. This enables the trader to get live trading experience with no risk to his own money (because he is risking yours) and also gets paid flat commissions. A win win situation for the trader. A bad deal for your money.
Managed Forex Accounts Fees
Other Managed Accounts take a percentage commission based on the performance. A monthly performance fee is definitely better suited to the trader. Let’s say a trader earns 3% per month for 11 months, he picks up nice commissions every month, but say he then loses 50% in month twelve (may seem unlikely but I have seen many Managed Accounts face a similar fate) your account will be lower than its nominal value but the trader will still have made nice amounts on the commissions. If however the commissions were on an annual basis. You would not have to pay anything.
Conclusion
Most managed accounts really are not worth your time, it is sad, but it is true. Most will fail and lose some or all of your money. However, on a brighter note there are managed accounts out there that have beaten the stock market in the long term, but they take a lot of finding. Do your research, never give control of your money to anyone lightly.
Comment said
Patricia or anyone else with answers? I would like to know how long it takes for a US draft to clear JMMB they are telling me it’s 45 days for a check to clear? is that true.
PEI said
I dont understand all of what I read in Devastated report but basically him lose his money with CapBlu and there treatment of him was disgraceful. CapBlu now under investigation and them real colours coming out. I agree with Mercury Vapor, if them dont pay him back then Jail Time! This is the set up the great facilitator Peter Bovell wanted to link DS with because of how much they licensed and regulated and so on. Yea man thats right. By the way is way no body dont see Wayne to talk to yet and hear whats going on?
Mercury Vapor said
Re: Post 627
Thanks for sharing again Devasted. I’m so sorry about your loss with Capital Blu. I hope they refund your money, if not you should take legal action. You can’t let them get away with this…I know managed forex accounts are risky…but losing 80% of a client’s money in the first month is criminal. The principals of Capital Blu either need to pay you back, or they need to spend some time in jail.
Mercury Vapor said
Hi Kevin! Yes I’m back with a vengence!
CS said
That report fro texas was chilling. In 1 month you basically lose all your money. Capital blue are crooks. They need to lock them up where not even the sun will see them.
Kevin said
Devastated thanks for sharing your experience with Capital Blu and the level of detail you have provided. Folks take a look especially in light of those useful comments by Mercury Vapor. Mercury glad to see that you are back on board.
Devasted said
I am a pastor of a church in Texas. I recently suffered an 80% drawdown with Capital BLU my first month totlaing 33,000. I haev meticulously documented my entire story for all to read. Please feel free to distribute this link to your entire email portfolio. If any of you are presently with Capital BLU, prepare to lose your money. I would have lost the entire amount if I had not revoked teh LPOA. These guys should be in jail for what they have done.
My Story.
http://www.mthebrongroup.com/capitalblu
chilly said
Mercury Vapor @620,
Dont throw out the baby with the bathwater. There is nothing wrong with the managed account model, just the traders behind it. We already knew that very few traders were profitable over the longterm. What I have also discovered, that many traders are poor equity managers, so the seem profitable with a smaller port folio, and then eventually fail as the portfolio rises.
chilly said
Sirach @617,
Both DS and his attorneys have acknowledged there is a shortfall in the funds under management due in part to large overpayments to members. Thus the reason for the 9 month period to rebuild the account to the May 31st 2008 balance.
Mercury Vapor said
So overall, managed forex accounts are a bad investment. Most are garbage, and the few…the tiny few…that are good, are only good for a short while. Right now Rove Capital is a good one, probably the only good one that has a low minimum investment (currently US $10,000). However, if you invest with them do not expect them to do well in the long term. Their performance might be good for a year or maybe two, but don’t expect any more than that. If…IF…their performance continues to be good, withdraw your principal as soon as possible.
Mercury Vapor said
The article at Post 620 was taken from The Shark Investor Blog. I’ll post the link tomorrow because it seems that when I try to post a link tonight, the post won’t go through. Ok, to expand on that article:
GalleonFX had two years of good performance but then made huge losses this year that wiped out their account. Trading ended in July and the lost was 85% not 70%.
FXCM has closed most of their managed forex accounts because of bad performance. They have some new ones up that will probably do just as bad. (The Sentiment and Sentiment Aggressive Accounts are gone!)
DEV has been awful with a -14.92% loss in June and a -21.04% loss in August. That means that this account is down 26% for 2008.
Capital Blu has frozen their CBM FX Fund after huge losses were made…funny, their website doesn’t mention anything about this.
Janet Reid said
blogkiler + cs, but wayne never publish no financials. jmmb is an open book and anybody can get the financials – don’t is a public company?
sirach said
Aiding and abetting is simply that. You think it was even me first see unno doing it? Are you that naive? Bigger heads see and record everything.
Mercury Vapor said
“The Ugly Truth About Forex Managed Accounts”
If you are reading this blog from the beginning you may remember that it had a strong focus on managed trading accounts and especially forex. I invested quite a lot of time and energy to research, review and follow the performance of various managed accounts.
Now, about an year later from the start of this blog and after about 2-3 years of watching the forex managed accounts business I can tell you it’s a lost cause. Many of these services seem very promising in the beginning so you can easily start to believe that they can make you wealthy in 5-10 years. Then after 1-2 years at best each of them crashes and goes nowhere (if it have had a positive performance at all). How is that possible? There is simple explanation – we are able to find a lot of promising ones because only they are advertised. For each managed account that has good performance in the first 1-2 years there are 100 who have failed yet from the beginning but you never hear about them. So you are finding mostly services who have had the luck to start positively. The stats prove that it has been only luck – because all of them crash after a short period of profits.
Here is a quick update on the accounts that have been reviewed here:
GalleonFX lost more than 70% this year and stopped trading. My loss alone is about 60% and those who were unlucky to invest at the last December may have lost 80%.
FXCM didn’t perform better and also removed all their managed account services from their site.
FXFareast have hidden the performance from their site but you can find independent comments showing that they started to stink yet at the end of 2007.
Best Trading Systems disappeared many months ago without a track. I have not heard from anyone what has happened with the trading.
DEV was doing so-so until June this year. I don’t know what’s the status after June.
Capital Blu have also hidden their data, but a quick research shows a mention of 85% drawdown.
Milbay Finance is showing performance only till Aptil this year and then nothing. I don’t see big losses so far, but who knows what has happened in the last 5 months.
If you want to know how much Devrim and BTRFX suck, just read the comments on the review.
FX Master disappeared without track.
FX Street was closed more than 6 months ago due to bad results.
Do you want more? I don’t. I officially declare no longer interested in managed forex accounts. Forex trading does not add value to the world anyway.
Mercury Vapor said
Well, so much for opening my big mouth! Those of you who have invested in managed forex accounts…or are thinking about investing in them, read this important article:
“The Ugly Truth about Forex Managed Accounts”
http://sharkinvestor.com/2008/09/11/do-all-managed-forex-accounts-suck/
Mercury Vapor said
In Post 598 I spoke about Finanzas Forex. I think it’s a scam and I wouldn’t put any of my money in it. I know the monthly rate of return is high…and very tempting…but they are most likely a scam and can crash at any time. In fact, someone posted on Forex Peace Army that they have requested their funds from Finanzas Forex and have not heard anything from them (See my Post at 602).
Ok, now what I really wanted to add is this…when investing in the forex market, try to stay away from any company that asks you to send money to them. Instead, it is better to go the managed account route…this is where you open an account at a reputable forex broker and then give a forex trader the RIGHT to trade your account. So the money is in your account…in your name…the forex trader has only the right to trade your money. He or she cannot add money or take money out of your account. You can log into your account at anytime and see your balance, the trades that have been made, the profit or loss, etc.
This is much better than sending your money to some unregulated forex trading business (eg. Finanzas Forex). So if you’re going to invest in the forex market…use the managed forex accounts. Unfortunately, good managed forex accounts are hard to find. Right now the only one that seems to be any good is Rove Capital. Here is the link:
http://www.rovecapital.com
sirach said
Who is getting unloaded? This self centered theme keeps popping up. Who gobbles it up? Who knows?
sirach said
Chilly
Rebuild what? Computers no.
chilly said
PEI @611,
So I have heard, but I will know for sure next week. However, he will still have the investigation in the US left to resolve.
blogkiler said
CS
didnt wayne say all was safe too
PEI said
Chilly thanks for your input. Do you know if DS get back his computers and so on? Thanks
CS you are right better to be safe than sorry so is a good thing to take some out but me agree people should not panic cause that create more problem.
chilly said
Sirach @607,
The money is not coming from David. I can at least confirm the intent on the part of LewFam and other clubs to repay principal to all members from another financial source. I am not sure about future interest payments.
The effort seems geared to unload the many unhappy members not willing to wait until DS rebuilds the port folio to the May 31st 2008 balance some time early next year.
Stop it said
I have my money in a credit union and thats it. Until the U.S. can come out of this financial crisis, anything is possible.
Kevin said
I called JMMB today and the money is safe. Only 3% was in Lehman brothers. Just call JMMB if you have concerns they will explain everything. Whenever I’m worried I just call JMMB and I get the full breakdown.
CS said
k, i went down to JMMB. I spoke to someone high up who i know and they have assured me all is safe. Better to be safe than sorry. Sorry about the scare. I still took out some just in case the rumor i hear is true, as a money will tell you anything to keep you money with them. Until they make a official statement, which she said the company will do about what i heard (she didn’t deny it, she heard it too), i will store some in JNBS.
Janet Reid said
CS what are you talking about re: JMMB? I just went over to their Haughton branch and everything is fine – place regular. Don’t you know these are stressful times? Let’s keep this site real and done with the false updates.
sirach said
PIPUnit
David Smith not paying Lewfam nothing. If he were to then the dolly house going to crumble immediately. them looking like they want to fight back. I been waiting patiently for them to do that. Lovely.
Annie said
CS, I would really like some more info before I take money out of what I consider to be a reputable investment house. What bank is this that has gone under? I am nervous like everybody else so please let us have some more information if you have it.
PipUNIT said
Lewfam Update: This comes direct from one of the people that answer the phone there. Lewfam is closing the club soon. They have other alternatives at work where they are going to pay people back their Principal minus Encashments. This should take place within a month. After the ordeal is done with David Smith and they receive their money from him they are going to pay out the Interest that has been earned in your account. For me take this as positive. Over the year i’ve been in the club i’ve pulled out about 2/3’s of my principal so they are going to be wiring me the rest and then the rest will come down the road. He also metioned they are will going to pay some interest for the months we’ve been sitting here with out a return, which lewfam hasn’t posted one in almost 4 months now.
V Happi said
CS
Due respect…
What are we trying to do here……we are in enough sh..t already, let us not create anymore.
CS said
Breaking News – If you have money in JMMB, take it out as i just heard a bank they bank (not lehmans)with in the US went under. I am withdrawing everything as i speak. Later. Can’t say any more.
Mercury Vapor said
Also, it seems that Finazas Forex is not regulated by the National Securities Commission (NSC) of Panama. Why are they not regulated? What are they hiding? I just looked at their website and saw that they pay a fixed rate of return each month. For example, if you invest US $1,000 they say they will pay you 10% each month. This is a big red flag! Any forex trading business that says they will pay you a fixed percent each month is most likely a scam. The gains from forex trading will fluctate each month, and some months will be negative (make a loss). So Finanzas Forex is most likely another scam, I would stay clear of this one.
Mercury Vapor said
Re: Post 599
Thanks Comment for that link. I just read it, and well…it does look like Finanzas Forex is another scam. On that webpage right at the top is this:
Percival Scott, Jamaica
Rating: No Rating
Date of Post: 2008-09-06
Review: I am now fearing that they may be a scam. I have made several requests for a refund of my investment and no one has even acknowedged the request.
maria said
i honestly cant believe that at this stage of the game people are here gloating about the loss people have suffered. there are some sick people out there. what is their motive and what do they have to gain by these actions? incredible.
Comment said
# 597 Mercury very valid points you mentioned. I also found a link to them on : http://www.forexpeacearmy.com/public/review/www.finanzasforex.com
sirach said
“Christians” always quick to talk about their so called “own” tribulations…..while not even stopping a moment to consider others. How unno so sure you have faced more tribulation than me? You betta think good before u answer.
Mercury Vapor said
Re: Post 592
I hear you M Behar, but Finanzas Forex seems at little shady to me. You say that they show their monthly trades, okay that sounds good. But there is a problem, how do you know that those are the real trades that they have made. Let’s just say for a moment that Finanzas Forex is a scam, what they could do is take your money and use it to pay other investors (a Ponzi Scheme). Then they do a little trading each month, only a little bit, then at the end of the month, they look at their trades, they take all the ones that are profitable and post that on their website. They don’t show you the losing trades that they have made.
Now you as the investor looks at their monthly trades and see that they are all profitable, you see that you have made 10% or 12% or 15%…whatever the case may be and you feel happy. You believe that this company is trading forex and making profits each month and paying you out of their profits. But what is really happening is that they are paying you with other investor’s money. Forex trading is just a smoke-screen that they use to attract people to invest with them. The smoke-screen could be forex trading, or it could be stock trading, commodity trading, futures trading, etc.
Do you see how easy it is for scammers to make up a business and steal people’s money. Even if they provide trade reports, how do you know those trade reports are real? Or, they could be real, but they could also be altered. Without oversight by regulators (eg. NFA) a forex trading business can show whatever they want to show. So is Finanzas Forex regulated? Do they provide audited financial statements? If so, who are the auditors? These are the questions you must ask yourself. If you can’t get satisfactory answers to these questions then don’t invest with that business. With all that has happened, these days you have to be extra careful with your money.
sirach said
Billy, although most banks publish balcance sheets what percentage of customers have ever read them? So what is the difference with the bank CEO saying everything is O.K. and any of the schemers saying so?
Comment said
Dr. The Save Smart and Sure Investor from JMMB are two accounts worth having is you don’t already.
I Opened both in USD. Much better than the 2.99% you get here in the USA and then they tax you on that again here.
Peace
DR said
Thanks “Comment” for your comforting words. In the meantime, I am going to “spread” my savings.
rondy said
M Behar, who is Finanzas? never heard of them
John Blacks said
@591
well said.
the only thing i would put differently is to say ‘borrowed pennies to pensions’.
@592
we cant help but to be skeptic of everything these days. Look at what is happening with the global economy.
by the way is you run Finanzas?
yuh a do a little promo??
M Behar said
For all the skeptics
You might be interested to know that Finanzas Forex continue to be quite transparent even to the point of showing their monthly trades, they are well organized and above and beyond that pay outs are on time at acceptable rates,
Billy said
Lets take them one at a time Sirach
1. We all trusted DS. That’s why we gave him our money.
2. We have had faith in OLINT’s posted returns and continually invested even though we have NEVER seen proof of trading.
3. We know DS is not God but be reminded his actual FX Doctrines are lessons of his trade are not known by ANYONE but because of FAITH and trust in him as a Christian we all still gave him money.
4. No code of ethics is presently being honored by DS as no information is being relayed to all his FAITHFULS as to how much money he has secured for us. In the meantime people are losing homes, hummers and health. Personally, I would be grateful for some reassurance my money is safe, JUST to secure my health and sanity.
5. We on this site have all been loyal in my opinion and just want DS to give us a reason instead of an unsubstantiated excuse to continue believing and supporting him FAITHFULLY.
6. DS is obligated to us just as a board of directors is obligated to their shareholders but yet he shares nothing to allay our fears. We are not getting to OBSERVE if he cares. People entrusted from pennies to pensions with DS. Whilst he did not give a guarantee on returns he did ‘PROMISE’ he would only risk losing 20% of our money.
7. God gives us little miracles everyday and we continue to pray. We see them. We feel them.
It would be good to get even ‘hello’ from DS so that our BLIND FAITH and waning confidence in him may be justified or saved.
Billy said
Some definitions of faith:-
1. confidence or trust in a person or thing
2. belief that is not based on proof
3. belief in God or in the doctrines or teachings of religion
4. belief in anything, as a code of ethics, standards of merit, etc
5. the obligation of loyalty or fidelity to a person, promise, engagement
6. the observance of this obligation; fidelity to one’s promise, oath, allegiance
7. Christian Theology. The trust in God and in His promises as made through Christ and the Scriptures by which humans are justified or saved.
sirach said
PIPUnit. Why don’t you call Cliff Hughes? …..hahahhaaa too many Majors and Generals but not many workers. hahahahaa
sirach said
my my…this blog has changed…oh ye of little faith….damn hypocrites!
fyier said
Personally I dont see Noel’s point. He is not denying that they have used investors’ money to secure their future by buying property, which means the story has been confirmed and is true. However no one can confirm that Worldwise has actually paid any of their members any significant amount of money hence there is nothing to report and the blogs are not being biased. Repaying only members who had $1000 or less in their accounts cannot in no way count as a REPAYMENT Noel. His cries of foul play is only infuriating those of us who lost tens of thousands of dollars in his real-estate owning enterprise/scheme. If he is so concerned and hurt about the bad press not so wise is getting, and want it to stop, then how about liquidating the real-estate holdings and paying us our money. I suppose if those are his only two choices, he would rather have bad press, wouldn’t he?
That being said Noel, you should really spare us the drama.
Mercury Vapor said
It seems like Noel Strachan reads the posts on the “Robot Bus.” He posted on the article “Worldwise Issue new payment plan.”
http://investforlife.wordpress.com/2008/09/03/worldwise-issue-new-payment-plan/
Mercury Vapor said
I was looking around a little on the “Robot Bus” and guess what I found.
Noel Strachan, on September 12th, 2008 at 8:08 am said:
“Small depositors at Worldwise have begun receiving payments as promised. I noticed that this blog was quick to advertise properties purchased by Worldwise, but did not report that members are being paid as scheduled. I would appreciate some neutrality and unbiased commentary. Thanks.”
bigson said
it look like every body in ww lock there lips no info
PipUNIT said
Does anyone know if David Smith’s courtcase in the Turks & Caicos Islands began yet? We need updates already. Somebody call Cliff Hughes and have him call David and get him on the air so we can here his voice and get a real update. Lewfam doesn’t know jack, i can read the papers and find out more then they know. Thanks Lewfam for making money on us and droping the ball when we really need you.
Mercury Vapor said
Hopeful, the posts by “Isee Fraud” are on the Robot Bus. Here is the link:
http://investforlife.wordpress.com/2008/09/17/capital-blu-suspended-by-nfa/
PEI said
I have been one of DS biggest supporter from ever since so when me call it like it is it is about truth.Everybody want good news and want back their money but we cant live off false hope. Wayne tell my pig that the money safe and that was from February. Wayne and my pig go to the same church and I know that for months his prayer partners have been very concerned and he himself seem to be struggling with issues. Whatever it is he needs to come clean. Repentance is the first step. people are hurting and feel betrayed. That is the truth. I hope and pray that things turn out alright.
KEEPIN THE FAITH said
YES PEI when the dust settles there will be one trader standing.
rondy said
CS, PEI was more endorsing what I said than being negative. Having spoken to Wayne myswelf, I cannot believe that he could be so conniving and deceitful. Like many others,we have to keep positive and pray that we in fact do recover some of our money. Right now, I’d rather listen to the postive than the negative news. It is a difficult for many..let’s raise our heads despite the odds.
hopeful said
PEI @ 568
where did you hear/see this? cant find that anywhere….
CS said
PEI, why are you so negative? Do you wake up on the wrong side of the bed every morning? I know a lot of people with money in Olint, Cashplus and many others. If we don’t remain hopeful, we will never get anything back. Mind you, we might never get a back a cent, but it sure doesn’t help to be negative. I have heard a lot of positive thing about Olint and Cashplus in the last week and i just remain silent, because with people like you, only got knows which newspaper you will tell. Negative people are normally the first to carry news.
PEI said
Rondy, for months Wayne tell plenty people say the money safe.. you would think that him would only tell people so if him know for a fact that the money was really there. Me not talking bout photocopy this and email that. I mean real proof that him can verify. If is pure lie him was telling and him know say is lie then him have a hell of a judgement and jail cell waiting on him.Him must think bout that. Even if me dont get back a cent justice to be done and who to use shet pan fi use it.
PEI said
Mercury Vapor you know is from a long time them come on here and do their indepth research. In fact from when we were over Maximizing Wealth Blog. Remember one time Patricia post an article from Wall Street Journal? braps we see the same article come out in the gleaner. Anyway people is true careful what you say but dont fraid to buss the truth
Curious said
I have seen a lot of posts on Capital Blu, Olint, May Daisy but very few on World Wise. What is going on over there? Does anyone know? Are the offices open? Can anyone get through to Noel Strachan or on their phone lines. Has anyone got proof that payments are being paid? How much? I have quite a bit over there and I cannot hear from anyone with World Wise. I no longer hear from Noel Strachan. Let me know if you have any info on World Wise. Should I wait to get whats mine in the next 2-3 years?
Mercury Vapor said
Hmmm…well, that’s interesting. In the Jamaica Observer article “Capital Blu Crumbles” (http://jamaicaobserver.com/magazines/Business/html/20080916T210000-0500_140240_OBS_CAPITAL_BLU_CRUMBLES.asp) there’s a section where the author (Al Edwards) writes:
“It is not clear just how Capital Blu lost 90 per cent of its funds. What is apparent is that it has frozen its premier CBM FX Fund. The projected freeze period is through the remainder of 2008 with principals Davis Jr and Damien Bromfield hoping funds will exist next year so that current clients can retrieve what is owed to them. A likely scenario is that Capital Blu got caught on the wrong side of the recent dollar move without appropriate risk management in place, and may have taken significant losses.”
Now that sounds very similar to my post at 513, especially the last sentence. Re-read my post at 513 and see for yourself. So it looks like Mr. Edwards is a reader of this blog. Well, hello Mr. Edwards, welcome to our little blog.
Everyone, please be a little careful of what you post. Also, I’ve seen a number of topics appear on here from time to time, and then I see those topics appear the next day on the “Robot Bus.” It looks like the people who run that bus are well connected and have an agenda…so again, just be a little careful.
Overchill said
Too much commenting. No one would have noticed if you had not have commented.
Comment said
Well Dr. I spoke with some at JMMB today and they said that you would not loose you money in those accounts the % rate may dip a bit but the money is secured, they are backed by the Jamaica Government paper. So they assured me that there is nothing to worry about right..
DR said
Comment, The point is, as far as I know JMMB is NOT covered by the JDIC (Jamaica Deposit Insurance Company)……hence my concern….however I was told years ago that the government paper is safe……
But we had heard that the traders were protecting 80% of our money….right?
Not sure what or who to believe at this time…..except GOD himself!
rondy said
One week before OLINT lock shop, Wayne spoke to me personally and assured me that my money was safe. Also I know tthat Wayne received a number of high value payments from local accounts, how come he is broke now?? We need answers?
PEI said
Mercury Vapor you want to hear whats being said here is something else-
Isee Fraud, on September 22nd, 2008 at 4:48 pm Said(on investforlife):
“Breaking news….wayne smith has been back in Jamaica for almost two weeks and is on a spiritual high….(really not able to explain what that means).
What is he saying:
1..He is broke
2..Olint is bankrupt
3..David has made a number of mistakes.
4…He will be taking out a full page ad to let people know the truth..”
To tell the truth all me hear every where me turn is that O bankrupt and no money will be paid. Honest I dont expect a thing after all I hearing. It is easier on my nerves.
Mercury Vapor said
Thank you Hopeful. Let us know anything that you hear, even if it’s just a rumor. There is no news about Olint coming out of Turks and Caicos, so I appreciate you posting. Thanks again.
rondy said
Hopeful @ 564 I heard the same, but all is left to be seen.
maria said
stop spread rumor man, oonu too dyam wicked !!!!!
hopeful said
rumor has it that DS and olint will be paying out sooner rather than later… has anyone else heard this?
PEI said
Hello good people. Hopeful what is the fullfilment center? Thanks
hopeful said
word round the campfire is that the fulfillment center will be open soon for encashments. has anyone else heard this?
Comment said
Dr. # 559
What type of accounts do you have with JMMB = Sure investor/Save Smart? are these accounts insured by the Jamaica Government.
peace.
DR said
It would really be nice to know how many banks in Jamaica, had money in Lehman Brothers, Merril Lynch, and all the other failed investment houses……
Eventually it may be better to put your money under your mattress. I understand that even “The Wolf” had money in two USA investment houses. hmmmm
Which is the safest bank now? What should we do?
I am gonna trust Mr. Duncan statement of 3% and allow my money to stay in The Brokers for now…. I have to hope for the best…I cannot afford another crash!
Mercury Vapor said
This thing has been on my mind. I want to know what you all think. Olint has not been paying since January, right? Ok, they said they couldn’t becuase a Due Diligence exercise was being done on it, or was it being done on their broker? I forget. Anyway, so then it came to August and they said that the funds are being sent to Jamaica becuase the Due Diligence exercise was over. Then just as the funds are going to be sent they get hit with the money laundering investigation. The Turks & Caicos government freeze all their assets, as well as the assets of David Smith.
Now it seems to me that someone really doesn’t want any of the money in Olint to reach Jamaica. I’m wondering why that is? Is it that they are trying to destroy Olint? I mean if members can’t get their money back from Olint, many will get lawyers and sue. We’ve seen that happen, plus members will stop adding money to their accounts, and no new members will join. Oh, and with such a long delay many memebers will become very nervous about the club and say: “You know what Olint, if the money becomes available I want it all. I’m closing my Olint account, I don’t want to do business with you anymore.”
So, if there is someone, or some group that is trying to bring down Olint, then I must say that they have done a very good job. They knew exactly what to do and when to do it. I mean, could they have done a better job? Well, maybe if they had planted some cocaine in David’s house too…get him arrested on drug trafficking charges…or some weapons and some letters linking him to Al-Qaeda and 9/11…well, that would have been even more devious!
PipUNIT said
WHere’s my return Lewfam LOL. We’re coming up on 4 months with no return. Would be happy just to have what i have in the club and move on my marry way.
maria said
then today a di 21st a september an all now DS cyaan come out an tel clubmembers whether or not him get back him computer dem or not? it a look like di blogviper dem did right all along an di bredda is a next carlos hill. di people dem pon di blog who a him die-hard supporter an fren dem oonu tel him fi do better. yu si why when yu hear seh people a christian others skeptical?
Fancy D said
Hi Guys….I called WW on Friday and was able to speak to someone there who told me that some folks HAVE INDEED started to get their funds. Has anyone on this site recieved any or heard of anyone who has? What is the deal here?
RSI said
The spectacle across the ocean has left a lasting impression on many Europeans. Hanna Evers of Berlin, a cellphone retailer interviewed in the shopping district of Wilmersdorfer Street, said she was angry about the amount of money that had been “burned” in recent days.
“And I’m furious when I see the pictures of Americans who thought they were on the sunny side of life and now have lost their homes and have to live in their cars,” Evers said. “I definitely do not feel sorry for the bankers who lost their jobs in the last couple of days. I can’t believe that a country like the U.S.A. could have been so careless on a money issue!”
“I was taught that the U.S.A. is the motherland of moneymaking,” she added. “And now all I can see is a herd of headless chickens running around on Wall Street.”
KEEPIN THE FAITH said
Interesting……Lehman Brothers Article http://www.thisismoney.co.uk/news/special-report/article.html?in_article_id=452210&in_page_id=108&expand=true#c335236
maria said
people a run up dem mout bout how bruce hungry fi power an couldnt wait pon seaga so him lef an go form him own NDM party an it was a big ting. now peter phillips hungry fi power same way an challenge portia 2 time inna di space a 2 year an is no big deal. donkey seh di worl nuh level. portia kick him inna him balls though, big up portia. den she can really work wid him now or he with her? him is not even a vice president fi di PNP no more. him mus shame bad bad.
maria said
then i could really see the turmoil taking place and tek di chance of leaving mi money anyweh mi know it will be at risk? get real people.
Patricia said
Them having an exposure to Lehman’s isnt an issue. It is people’s panicked response that is.Folks need to calm down.
Rabbit said
In the chaos, in the uncertainty, in any storm of life, we have an anchor in our God. Hope you will be blessed and encouraged by the article below.
In Crisis, Wall Street Turns to Prayer
Financial meltdown triggers prayer sessions citywide.
Tony Carnes | posted 9/19/2008 11:53AM
Starting early last Sunday morning, the turmoil in New York’s financial markets triggered a spiritual response among Christian leaders reminiscent of the response to the 9/11 terrorist attacks.
Cell phone text messages quickly spread calls to prayer. “Barclay has pulled out of Lehman deal,” one announced. Wall Street giant Lehman Brothers was finalizing bankruptcy papers; Merrill Lynch was clinching its deal to sell itself to Bank of America. Monday would be devastating.
Many Wall Streeters realized that the crisis could be earthshaking. A. J. Rice, well-respected CEO of the hedge-fund firm Pomeroy Capital, says, “Most people think this is a once-in-a-lifetime thing. In 1987 we had a dramatic shock, but the other shoe didn’t drop.” This year, a whole lot of shoes have dropped. Wall Streeters have lived with a constant sense of foreboding.
First there was the January sub-prime market crash and its ongoing problems; then the collapses of Bear Stearns and, most recently, Lehman Brothers; and now Merrill Lynch’s loss of independence. More than 350 banks are on a watch list circulating on the street. “I was surprised and unsettled when Bear Stearns went under,” says Rice. “I worked for them at one time. I knew we were in untested waters.”
How Christians respond to the crisis will be a test of their wisdom, courage, integrity, and compassion for the mighty as well as for the humble. One executive told CT, “Our response will answer the question, ‘Who is Jesus on Wall Street?’ ”
Bishop Roderick Caesar of New York City’s Bethel Gospel Tabernacle, which has a number of members from Wall Street, says that the crisis is so fundamental to our world that “the church has to be poised for the moment and be prepared to work together.”
Last Sunday night many Wall Streeters could not get to sleep. After midnight, an executive at one of Wall Street’s leading investment banks, who requested that his name and his company’s not be used, lay in bed watching CNBC report that his competitors were going by the wayside. “I was surprised how quickly it had come. By 8 P.M. we knew how Monday would open. I prayed, very selfishly, that my company would not be on the list.” He worried “about my family, the economic environment, my church, and community.”
His wife rolled over and asked, “Are you really worried?”
“No,” he told her. “I am just interested in the news. I work for a really good company.”
She asked again, “Are you stressed?”
He weighed what was important to them and answered, “Even if the worst happens, we will still be together as a family and have Christ who loves and cares for us.” Reassured, his wife turned back over; 30 minutes later her husband turned off the television. He needed to be at work very early the next morning.
On Monday, Christians on Wall Street set up special prayer meetings for the week. First came the special prayer conference calls on Monday and Tuesday nights. Then, starting Wednesday, extraordinary prayer meetings were scheduled at Merrill Lynch, Goldman Sachs, JPMorgan Chase, Citigroup, Morgan Stanley, Deloitte, and elsewhere. Pastors began planning to gather for a sidewalk prayer meeting outside of the stock exchange.
Mac Pier of the New York Leadership Center started getting calls from friends who were losing their jobs. “Of course, I prayed with them that God would give them the spiritual and financial resources they need.” Pier says that the Wall Streeters who called him were stunned. “It was unnerving to them because of the speed [at which] it happened.”
Rice received a lot of calls, several from friends at Lehman who were distressed by the devastation of their colleagues. One told him, “I have never seen grown men cry like that.” A consultant to several financial companies relates that one friend called to say, “I need to see you to talk me off the ledge.”
NYC-area pastors also began calling their members who work on the street. Rice got a call from his pastor, Jeff Ebert, of New Providence Presbyterian Church in New Jersey. Fred Provencher at Cornerstone Christian Church, also in New Jersey, asked his team to keep tabs on anyone who might need help. This Sunday he will preach that “things get worse before they get better. Amid the people’s groanings, God will be revealed.”
New York City is the center of the world for most members of the financial community. One chief operating officer of a multinational firm that services Wall Street banks told CT, “It’s like the old Sinatra song: ‘If you can make it here, you can make it anywhere.’ So you go around with a little swagger.”
Rice says the emotional impact of the current crisis on Wall Streeters is amplified by attitudes like those described by the chief operating officer. “There is an element of, ‘I am master of my fate. I put in 18-hour days and am making it.’ Then, this crisis pulls the rug out from under them. This may be the first dislocation of their lives. Their savings have disappeared in 15 minutes.”
Churches and ministries in NYC also face tests as their funding may drop. Many ministries already report that the year’s funding has been flat. Over the summer, Shiloh Bible Camp in New Jersey received cancellations of most of their reservations due to the cost of travel and economic uncertainty, though they were able to find other campers to fill their schedule.
Ministries in particular are facing big gaps in funding. Wilson Goode, former mayor of Philadelphia, thinks that “in the longer term there will be less money going to congregations, religious institutions, and social programs.” One ministry reported that one donor this week had to cancel his $150,000 gift. Churches’ funding is more stable because they rely more on weekly tithing than year-end gifts. Cornerstone’s Provencher says, “Our weekly giving is steady. You might say our base is flat with no gravy.”
Some Christians in NYC hope that God can use the crisis for good. Pier says, “God can use this situation as he did in the 1857 Layman’s Prayer Revival that started on Wall Street to draw people to a fresh recognition of our absolute dependence on his grace and love.”
Mike Faulkner, pastor of New Horizon Church, says, “Honestly, I am praying God will bring healing and revival.” He recalls how during the 1930s Wall Street crash, Central Baptist Church on Manhattan housed people who had lost their homes. “The church should be available in every way for people on Wall Street who maybe didn’t think much about God before.”
Bethel’s Caesar hopes that “the two-hour-per-week Christians will get faith in their bones” so that it will last. “When you are in a fox hole, people make crazy promises. Afterward, they ask God, ‘Can we renegotiate?’ ” Harry Tucker, a longtime strategic adviser to Wall Street executives, believes that God has put “us in crisis to grow our courage.”
Goode brought an optimism based on his ministry to children of prisoners in NYC: “By faith we know that tomorrow will always be better. One should be comforted that righteousness will prevail. Those Christians on Wall Street can go back tomorrow and simply wait on the Lord. I have investments and if these don’t turn out the way I think they should, it is still God’s will.”
Tucker says the tough times return people to foundational principles: “On the street these principles don’t resonate when the gravy train is running.” The vice chair of a Wall Street investment firm observes the struggle within himself: “You come into this environment and it sucks it out of you. You know, I am often repentant because I realize, man, I just … I never say and do stuff like this outside this environment on Wall Street.” For him, the crisis is also a cleansing.
Other Christian money people also refer to working on Wall Street as working on “the dark side,” with an environment that is “absurdly secular,” “out of balance,” and “egoistic.” One trader says, “Some of the times when I get on the train, it’s like I go to the dark side.” Nowadays the trips are especially bleak. One chief operating officer says that maybe Christian faith can stand out as a light of compassion and truth. “We should not be intimidated by the magnitude of the darkness of the times, but [should] realize how quickly the light stands out in all that darkness. We need to turn around and realize that one match lights up all of Shea Stadium when it is pitch black. If Christians walk like Christians, we can do it. Prayer, first of all. So before any general ledger closes, we should pray over the books.”
Comment said
Patricia, are you around ? What are you thoughts on the JMMB issues that Dr. is speaking of I just read the Observer and they were saying that : During testing times it pays to be diversified with eggs in different baskets. That was the message coming loud and clear from Jamaica Money Market Brokers’ (JMMB) Annual General Meeting (AGM) held at the Terra Nova Hotel in Kingston on Wednesday.
Complete Story …
http://www.jamaicaobserver.com/magazines/Business/html/20080918T230000-0500_140312_OBS_DIVERSIFICATION_PAYS_OFF_FOR_JMMB.asp
DR said
RE: *MMB
Folks not sure what to beleive…we just have to trust God…a few of my friends are pulling all of their funds from the Duncan’s Bank…because it is said they had money in Leeman brothers….
What do I do now….Can’t afford another loss…..
maria said
ok folks, here is the full story.
http://www.radiojamaica.com/content/view/11723/52/
Madre said
Maria@545 They say when yuh digging hole, yuh mus dig two. He thinks God is sleeping. Payback is a bi…
maria said
look like the wolf get touch man and may lose likkle money. rjr news seh him company AIC mussi did have bout 6% shares inna merrill lynch an 4 1/2 percent inna AIG. wonder if dem mean 10.5 % a wolf portfolio get knock?
GetRich said
Another one…
http://www.jamaica-star.com/thestar/20080917/news/news8.html
Mercury Vapor said
Cash Plus Confusion
“Dozens of investors swarmed one of the offices of collapsed investment scheme Cash Plus in New Kingston on Wednesday following rumours that the company was about to make a pay-out. Investors hurriedly completed “Proof of Debt” forms, requiring them to itemize their monetary claims.”
http://www.radiojamaica.com/content/view/11691/26/
Bless said
You see how dem people tek wi fi idiot. Now you tell me this Kanderkore man that is cash plus liquidator is a idiot or what
The man dont have any documentation of much money Cash Plus owe and the contracts etc. or him using him head
The members must bring a copy of them contract because dem nuh got none. Him is a foreigner cause him nuh know seh Jamaican good on the copying/making of document business. Him nuh know sey a wi mek US have to go hi tech with visa cause wi mek dem fi fun.
Him would a get some contract yu see wi some figure on it, yu see him eye would drop out a him head
All who nuh got CP contract a who nuh want CP contract you could a all get dat fi buy a street side to rasta george
KEEPIN THE FAITH said
Heard that Super Duper got back his puters. Any word on that?? TITO where are you??
bigson said
we need to organize a march an ww before they run out of lies an run with our money they say that they start to pay is lie
bigson said
i herd cp start paying out money
Patricia said
So PipUnit!!..yuh get a heads up on the rate fi Septemba yet ?????
:)…do nuh fling nutt’n thru yuh computer screen lick mi 
Watchful said
Maria,
#534 was hilarious!! Mi laaf til mi cry!
I haven’t posted for awhile but from time to time do read the blog. Big up to all the crew!
Life just as rough in the UK as the US problems have been affecting us here.
Keep the faith.
One Love
PipUNIT said
Has anyone got any new information on David Smith court case in TCI? Haven’t really heard anything new. Lewfam says it could still be a few months before we start getting money and that’s if DS resumes trading. But they are working on some alternatives to help some of the members. They didnt really say what those were but said those also could be a few months away. All I know is if we get our money back i want nothing to do with David Smith. It’s his fault and nobody else’s that he’s in this mess. God Help Us.
maria said
destress (not distress !!)
*ONLY JAM. DOWN
Three prime ministers went to hell, Tony Blair, Bush, and Bruce. Tony asked the devil if he could make a call to England to see if the country is running ok. He made the call, and he stayed on the call for 5 minutes. Satan told him that the bill is 5 million dollars.
Bush also asked if he could call the US. He stayed on the call for 8 minutes; it cost him $8 million dollars.
Bruce said he wanted to call Jamaica. He spent 2 HOURS on the call then he asked Satan how much was the bill. He replied, ‘$1 dollar’. He asked, ‘How cum? Afta mi stay longa dan Blair an Bush?’ Satan replied, calling from hell to hell is a local call.
K said
I’ve been sitting on the sidelines sifting through various information coming my way from offline sources.
Patricia said it best and I think I would have said the same thing….”cock mouth kill cock”
Read the past posts between Floridian and I and you will see we labeled them “snake oil salesmen” and sure enough same knife stick goat, stick sheep.
We do not have any definitive proof Olint has no money and several things have been going around in various quarters.
NFA swooped in and they can no longer trade clients funds. That to me is even worse than DS situation.
Now let’s think and check. Bovell wanted DS to join these fellows and DS refused. I wonder why?
I wonder if Bovell had/has any substantial cash with them or was he just “brokering” again?
I’ve been exposed to a lot in the last few and I will say – “trust no one!”
RedP said
Opportunity @ 529
My question exactly, where were all the regulators while all these tings were happening to now cause this great fall?? I can tell you where. They were too busy picking on Super D !!
Rabbit said
Happy Wed!
Trying again….this time without the link. Jamaica Observer chimes in on the Capital Blu. This may be accessed under the Business section online.
Rabbit said
Happy Wednesday to all!
Jamaica Observer’s report on Capital Blu…
http://jamaicaobserver.com/magazines/Business/html/20080916T210000-0500_140240_OBS_CAPITAL_BLU_CRUMBLES.asp
Opportunity said
But Capital Blu really good yu nuh. They saw all that was going on with the local clubs and still went ahead and did what they did. Cock mouth surely kill cock.
Opportunity said
Now is the time to sit on the sidelines and watch all the various markets. No new money at this time. Just look at what is going on in the US. All the audited financials in the world couldn’t prevent this. Again it is the regulators sitting on their fat ass doing nuttin or in bed with these institutions.
Patricia said
Comment, “….showing up like *Orville Redenbacher’s* You Pop in and Pop out.” ….that’s a classic..I’m lovin’ it!!!
Just a quick one, what a way cock mouth kill cock ??!!!
I extracted this from the NFA’s statement
“NFA issued the MRA to protect Capital Blu’s customers because Capital Blu has refused to fully cooperate with NFA in an examination of the firm and its operations. The investigation was prompted when NFA received allegations from customers of Capital Blu that it had provided false statements to customers and participants in the CBM FX Fund LP and possibly other pools.”
D-Mac said
RSI and others, here’s the link to story.
***NFA takes emergency enforcement action against Florida firm, Capital Blu Management LLC***
http://www.nfa.futures.org/news/newsRel.asp?ArticleID=2182
Who’s next, seriously?
RSI said
NFA issue Cease and Desist order on Capital Blu!!
Marsha said
JSM,
Thanks for posting the link to that site. It’s very useful & informative!
Comment said
DR. Good to see you showing up like *Orville Redenbacher’s* You Pop in and Pop out. How are things patricia is always asking for you hope you have been following her posts!
Peace.
D-Mac said
Privitisation would be a good way to go, however, the option of going public with KCT might put it into the wrong hands eventually, eg hostile takeovers, etc, ergo Lee-Chin having another paw in one of JA’a prized assets. Looking for experienced consortium concessionaire buyers like the Sangster Int Airport would be a better option.
maria said
more news people as info can never be too much. i honestly didn’t know the wolf’s tentacles (or claws) reached so far. i wonder what facet of jamaican life he isn’t involved in? anyway …..this is from today’s observer and they are speaking about apm terminals.
A top level managerial staffer at the port who asked that his name be withheld told the Observer that it was widely believed that billionaire Michael Lee-Chin, the largest single shareholder of neighbouring Kingston Wharves with 44 per cent, intended to buy KCT and merge the operations of the two.
“The need to privatise has been recommended for the last 10 years at least, [but] there’s never been any great haste to do it because it has always been a cash cow for the government,” said the source. “For many years they’ve been trying and only now when a) the government finally realises it’s losing money, and b) private people want it, and c) their neighbour and competitor, Kingston Wharves, where Lee-Chin is the biggest single shareholder, is private, is it happening.”
DR said
What is happening with Capital Blu? Is the rumour true? hmmmm I wonder….
Mercury Vapor said
Thanks for the link JSM!
JSM said
Hey MV here is a Site. They are VERY GOOD.
All the Best.
Take Care of Yourself.
http://www.gostocksandsecurities.com/blog/index.php?mode=viewdate&date_no=16&month_no=9&year=2008
Mercury Vapor said
Re: Post 516
Thank you for your posts JSM. I was wondering, do you know of any business in Jamaica that offers advice like yours? I mean advice about the Jamaica Stock market, like what stocks may rise in price alot in the coming months…so you should buy? Or what stocks may fall in price alot in the coming months…so you should sell? I’m thinking of maybe a weekly investment newletter with stock picks…or a website with weekly stock picks? JSM, is there anything like that in Jamaica? Of course I would expect them to charge for their service, but I would pay if their advice is good, thanks.
Patricia said
I had mentioned this sometime ago..the Jamaican arrested in Cayman on fraud etc
http://www.caribbeannetnews.com/news-10724–30-30–.html
JSM said
Good Day Kevin: You are welcome regarding your comment on the Post on the Stocks and Mutual Funds page that I made.
I do hope that at least one person took the “TIP”. MFP did a “Vertical” climb to three dollars today. When I first mentioned this stock on the BLOG it was at $2.20. It closed today at $3.00. I am not correct all the time. But once I Post on the BLOG it is a SURE thing. I hold to one principle, “THERE IS ENOUGH MONEY FOR ALL OF US”. Therefore if I KNOW something I share. JBG trading firm today, even though in early trading it was down .20.
Kevin: I apologise for posting here but I believe that most people read on the INVESTMENT page.
FuzzyOriginal said
I have requested a payment since August 5, 2008. I submitted my return early. I have not seen a penny nor has my account been updated. Has anyone received any money. Friend of a friend or spies? Need some news. Then again maybe all the money in Florida with thouse new purchase of homes. Has anyone visited the properities?
D-Mac said
http://www.radiojamaica.com/content/view/11628/52/
Maria, what you apparently heard was a bit of stale news. This was known from Sept 3rd from letter to clients. I also think they using stalling tactics, bunch of crooks. I really feel some “people” have gotten paid already, just curious to know if there are regular Joes/Janes out there that received payment since Sept 5.
Mercury Vapor said
I just found this on the forex review website Forex Peace Army. It is written by a reviewer calling himself “Current CBM FX Fund Client.” This is what he wrote:
“Capital Blu has frozen their premier CBM FX Fund. Statements are currently unavailable. Capital Blu says they will give us more detail on a conference call next week. I recommend not committing new funds until the current situation is resolved. The projected freeze period is through the remainder of 2008. I am hoping funds will exist in January 2009 to retrieve for current clients. It seems Capital Blu traders for the CBM FX Fund possibly got caught on the wrong side of the recent dollar move without appropriate risk management in place, and may have taken significant losses to which they haven’t fully fessed up yet. This scenario would be consistent with the previous posting. I understand a complaint has been opened with the NFA. I will update this rating in January, 2009.”
http://www.forexpeacearmy.com/public/review/www.capitalblu.com
Mercury Vapor said
Maria, it sounds like more stall tactics by World Wise. On another note, the broker Altavra (www.altavra.com) no longer offers Capital Blu’s CBM FX Fund. That’s not a good sign for that company.
Kevin said
Rondy @ 503 Thanks for bringing that to our attention. Folks please take note.
maria said
i was 1/2 asleep so i didnt catch fully what was said. something about repaying only principal as 1st part of 2 phase program. intersest to be payed later down the rd. and more delays in payment and portal down due to rush by clients. i would prefer if someone who heard it fully could explain.
D-Mac said
Maria @ 505:
What was the nature of the news?
Still on the bus said
GOODMORNING EVERYONE, SHOWERS OF BLESSINGS TO YOU ALLL! I know some of you people like Redp and MV must wonder what storm blow me in……well its a llong story, in everything we must give thanks , see outta dis scam RedP start a Prayer Bus some of us never use to pray and always thing our situation is bad , now see our eyes are open and we relize that other people situation worse that ours ,my mother always tell me what don’t cause life don’t cause anything!
Well thanks for all the prayers I hear unno did miss me:-) unno don’t stay deh think did world is a small one ,that’s why we must live good. I was trying to stay away from the blog as I was too consumed with it after seeing what lint,daisy and HW and Lewfam by defauld has done I just wanted to take a break from this whole madness it’s like I did not want to deal with anything that said FOREX cause I and many others stand to loose a lot .I will not get into my personal loses as I have come to the relization that others out there have greater losses ,mine is moneies (a whole lot) they have lost house ,cars to name a few so to that I still have to give the father up above thanks and take it that he has a plan for me. Lets continue to keep Ingrid,David and all the others taht have our monies that they find it in their heart to do the right thing. Ingrid and Deidre because of all their spiritual scriptures that they quote they need it more as they’re convince that they’re doing the right thing! Pray my brothers and sisters
God bless you all
maria said
worldwise was on the news again today. what exactly is the excuse they are giving this time? these people are giving true christians a really bad name.
RedP said
What a hattaclapse a wall street eeh!! A wonder if Omar run tings up deh?? Ah Bwoy!!
http://www.cnbc.com/id/26717762
Love and Peace good ppl!!
Take heart and know that there is a God!
RedP
Comment said
Curacao rated the best in the world in hedge fund administration
WILLEMSTAD, Curacao: State Secretary of Finance of the Netherlands Antilles, Alex Rosaria, has sent his congratulations to the Curacao international financial services industry. Netherlands Antilles State Secretary of Finance, Alex Rosaria For the second year in a row, the Global Custodian Hedge Fund Administration Survey has concluded that Curacao outscores all other mutual fund locations in hedge fund administration.
“That’s something to be proud of – and we are – but we are not complacent about our achievements. In order to deliver on our promise of a trustworthy international financial center, we have to continue to differentiate ourselves based on our traditional strengths: our sound economic and financial fundamentals, skilled, educated and multilingual workforce,” said Rosaria
You can read more from : http://www.caribbeannetnews.com/na/na.php?news_id=10205&start=0&category_id=11
Peace.
joejoe said
Signs of harder times to come.
http://georgewashington2.blogspot.com/2008/06/derivatives-market-is-unwinding.html
rondy said
Thought I’d share this after I received an email from a so called OLINT address, please be careful…I am sure it is a scam !!
Email 1
We have recieved your encashment request and it should be processed during the course of this week. Please note however that a processing fee of USD $548.00 will be applied and must be sent to us before your cheque can be disbursed. Please make the deposit for the user fee as outlined below:
Deposit Instructions (Western Union Prepaid Services)
Account Number: 5347 8801 0016 2854
Pay To: Maria Yap
Amount: USD $548.00
Note: The cheque will be drawn on a Bank of America account operated by Mrs. Maria Yap. We are actually getting loans to repay our members through her and each loan application requires a processing fee.
regards,
Gwayne Smith
Email 2
I can be contacted at 1 (305) 395-7283. We are committed in paying back our members, and as such once the processing fee is payed you should receive your encashment as soon as possible.
regards,
gwayne smith
- Show quoted text -
Mercury Vapor said
Lehman Brothers files for Bankruptcy
“Lehman Brothers, the fourth-largest US investment bank, has filed for bankruptcy protection, dealing a blow to the fragile global financial system.”
http://news.bbc.co.uk/2/hi/business/7615931.stm
Mercury Vapor said
Hi RedP, yeah I’m doing well. No, I haven’t heard anything from DW. I don’t know how he’s doing…hope he’s alright though.
RedP said
MercV pardy, very glad to know that you are well, any news from DW?
chilly said
Madre @495,
Check your email
Mercury Vapor said
Hi everyone, I just checked Altavra to see if they posted the August return of DEVRIM FX. They have and it is -21.04% which is a very large drawdown for this managed forex account. So the performance of this account for 2008 is:
0.83% 1.98% 2.31% 1.91% 0.32% -14.87% 3.80% -21.04%
I can’t see how Forex_Loser lost 90% of his money though, the drawdown isn’t that large. Anyway, if any of you guys are interested, DEVRIM FX performance can be seen here:
http://www.altavra.com/managedfutures/develop/advisors/devrim.htm
If you ever decide to invest with them I wish you good luck. Right now the only managed forex account that seems to be good is Rove Capital’s Dresden Account.
Comment said
Thanks Rabbit ! hope all is going well. And yes you got me a little jumpy there because i was unable to access my account during the same time you mentioned so i was like huh!
Peace
maria said
which september was the olint e-mail referring to for the court case re the captured computers and stuff to be heard? this year or next year?
Madre said
Chilly, email me at ambassador4u @gmail
CS said
Just checking on WW. They were to start payouts on the 5th of September. Do you know of anyone who has gotten payout?
RedP said
Sirach@485 & Bless@486
Love your posts, the Prayer Bus needs people of faith like you. We would be honoured if you came on board. Anonymity will be respected.
Depressed@460
What can I say other than I feel it for you. A lot of folks are in dire straights. Lots Of Money’s friend lost her house, I know of a retiree who has everything tied up, she is now on the bottle. There are many more stories and many more needs. Give me a link nuh, lets pray you through your circumstances. You will be blessed.
cjb @ cwjamaica . com
olintdude @ gmail . com
God Bless you all ppl,
Love and Peace
RedP
Mercury Vapor said
Hi everyone, especially to my friends RedP, Kevin, Rabbit, Madre, LRC, Patricia and Bless. Don’t worry about me, I’m doing fine, the storm doesn’t look like it will affect me. I might get a little rain and a little breeze but that’s it. Thanks to all those who have said a prayer for me.
Ok, continuing on my post about the managed forex account at http://managedforexpro.com/dev_details.html, run by Ahmet Devrim Akyil. I am very sad that Forex_Loser posted that his account has lost 90%. This managed forex account is one that I had liked and been keeping my eye on for some time. The trader seemed to be very good, had many years of experience trading, and followed a low-risk/low-return trading strategy. It seemed to be a really good managed forex account.
I went to Altavra, it’s an introducing broker similar to Managedforexpro and looked at DEV again. Here it is called DEVRIM FX but it’s the same managed forex account: http://www.altavra.com/managedfutures/develop/advisors/devrim.htm
Ok, now at Managedforexpro they have not posted the return for July, but here they have. It’s 3.80% (that’s positive), so I’m a bit puzzled. The results of DEVRIM FX for this year is as follows:
0.83% 1.98% 2.31% 1.91% 0.32% -14.87% 3.80%
Forex_Loser said he has lost 90% of his money in DEV, that means that a massive lost must have been made in August. That seems really unusual given the low-risk/low-return trading strategy. I mean look at the months that are positive, the average monthly return in a profitable month is 2.5%. The trader seems to be following a disciplined low-risk approach to trading, and tries to make a small gain each month.
Forex_Loser, has something other than a trading loss happened to your account? Something with the broker maybe? A 90% loss in one month is surprising for this managed forex account. But then again, that -14.87% loss in June is very steep for this account too. That drawdown shouldn’t be so large, not for an account that makes only around 2.5% in a profitable month. It’s hard to believe that the trader would put the entire account at risk for one month of profit.
Anyway, Forex_Loser please let us know more about what happened to your account. Also, if possible tell us the monthly returns for your DEV account too.
Rabbit said
Comment@490 – not not at all. Hope I didn’t alarm you. Still with Rove and am happy. This is another one that I had hoped to invest with.
Hope all is well with you.
Rabbit
Comment said
Rabbit is this Rove you are speaking off?
thanks.
Madre said
Good advice Bless,
Good to see you. Many people said WW would never pay a cent but I got news that some wise ones a little happier this week..I just choose to stay positive until I know something is concrete. I prefer to be a part of the solution than a part of the problem. The wise ones (based on what they heard) could have started a riot and that would have made things worse.
Although I don’t think NS is a saint, there is a run on his company and he will need time to sort it out. If time proves that he has swindled money – he will definitely pay for it.
Rabbit said
Kevin – thanks for releasing my posts. Was starting to get a comples
!!
Depressed@460 – some of us are praying for you. Please feel free to join the prayer bus or to reach out to RedP at olintdude@gmail.com. Feel free to email me too at jadisciple@gmail.com
Sirach – glad to have you contribute here. As you say, prayer is the key.
Rabbit
Madre said
Depressed @460 How did I miss your post? Firstly, really sorry to hear about your situation, sadly many people have found themselves there too.
Mr Chin has been boasting about his profits and saying that he is not affected by the hold up of money from the O etc. This loan is unsecured, you say? Maybe you should go in and have a talk with a Loans person at the bank, instead of just ignoring it. A lot of people have just stopped paying back their loans because they simply can’t afford to anymore. Mr Chin knew where a lot of the money from his unsecured loans were going.
Keep the faith, and try to pursue all angles to get out of this jam. As Maria suggested, have you applied for your NHT refund cheque?
Bless said
MercV:
Jesus Christ is in charge and is with you always he will carry through this storm no fear
As for the managed accounts I don’t like it, from I heard managed accounts I think of a computer programme driving the process plus with the US economy depression which the feds are fighting I would stay clear of them.
sirach said
Sorry to hear so many of you have lost everything. Some have lost what they say they can afford to lose and some have not. Through prayer and fasting we shall come through. Maybe oneday persons like Ingrid Loiten will vindicate our struggles.
Peace
Kevin said
Morning all. Merc V. stay safe brother.
Rabbit, I have no idea why your posts were held but as you see they have been released. Thanks for your patience. Have a safe weekend everyone.
As you were.
Kevin
GetRich said
Concerned 2,
MD is dead. Notice they have not even bothered to post any more lies in their communigram since the ItradeFX response which stated that they loss over 94% of their account? Wonder if there is some collusion going on though…meaning our money was not lost from trading. Just stolen and split between Jared and Ingrid et al.
Madre said
Morning everyone, good t see you MercV, yes FX trading is very risky.
Hey Rabbit long time, how are you?
Just got a report from the Weather Channel that the Hurricane is 15 miles ENE of Houston Intercon. Airport. It is a Cat 2 travelling at 15 miles per hour packing winds of 100 miles per hour.
2.5 million people without power and approx 1800 houses flooded.
Later everyone, Keep safe.
Rabbit said
Morning all
Hope your Saturday is going well.
Merc V – good to see your post. You remain in our prayers as Ike goes through Texas.
Comment @ 451 – thanks for checking on me. All is well. I think like most, I’ve been checking in and reading, but not really posting. Good to see that the blog livened up a bit.There is such a sense of community on this bus …people genuinely care about each other and generously share information.
Madre, Maria, PEI, Bless et al – thanks for keeping the conversation going through the relatively slow periods.
Depressed @460 – I am so sorry to hear about your plight. I think it is realistic to expect that the bank will attempt to recoup the loan. May God meet every need of yours.
O4life & Chilly – I see a lot of wisdom in your posts. Yes – not all will be good at trading but we definitely need to become more educated about our investment options.
Wishing you all a great weekend.
Rabbit
Rabbit said
Sixtieth attempt…
Morning all
Hope your Saturday is going well.
Merc V – good to see your post. You remain in our prayers as Ike goes through Texas.
Comment @ 451 – thanks for checking on me. All is well. I think like most, I’ve been checking in and reading, but not really posting. Good to see that the blog livened up a bit.There is such a sense of community on this bus …people genuinely care about each other and generously share information.
Madre, Maria, PEI, Bless et al – thanks for keeping the conversation going through the relatively slow periods.
Actually more recently I attempted to post some information and it didn’t go through. That was a blessing in disguise. I was sharing information on a managed FX account I found using BarclayHedge that has an EXCELLENT track record and one of the lowest Sharpe ratios (measurement of risk to reward). I signed up in late August and had just wired $. I can now see God’s hand in my procrastination in wiring the funds. A few days after wiring the $, I got the following message. The firm has been really decent in their dealings with me and returned my $ so I’ve removed their identification. They have stopped accepting $.
Dear client,
XXXXXX historical success trading currency has come from adhering to a countertrend strategy. Recently, our strategy gave strong buy signals against the U.S. Dollar, especially in British Pound, Euro and Australian Dollar pairs, due to technical indicators in an extreme oversold condition. Beginning approximately Sunday night Aug 31, instead of the foreign currency recovery predicted by our strategy, the U.S. Dollar experienced an unprecedented rally.
Last week, we received a margin call due to unexpected losses in a series of highly leveraged trades that were consistent with our trading strategy. As a result of the unexpected losses, margin call, liquidity constraints and other market factors, we temporarily suspended our trading program to preserve client assets. We are currently updating our client account platform and reconciling accounts. We anticipate that client access will be resumed shortly and that we will waive our month-end requirement on client withdrawals to enable clients to make deposits and withdrawals at that time. We hope that our valued clients will remain with us in light of XXXXX’s outstanding track record before this recent development. However, we understand if you wish to close your account. Please inform us, or have your introducing broker inform us, if you would like your remaining investment to be refunded when the reconciliation process is complete. We apologize for any inconvenience.
Forex_loser @ 473 and MercV @475 – interestingly, the genius behind the trading at this firm is Devim Akyil. This is not the firm you have mentioned. I wonder how many of these he is behind.
This underscores that these FX managed accounts are extremely risky. We have had a false sense of comfort over the last 2 years.
Depressed @460 – I am so sorry to hear about your plight. I think it is realistic to expect that the bank will attempt to recoup the loan. May God meet every need of yours.
O4life & Chilly – I see a lot of wisdom in your posts. Yes – not all will be good at trading but we definitely need to become more educated about our investment options.
Wishing you all a great weekend.
Rabbit
Rabbit said
****testing
concerned 2 said
Anyone hear from MD or can get through to customer service
Mercury Vapor said
Re: Post 473
Hi F_L, thank you for your advice, it is appreciated. I can’t believe that DEV lost 90% of your money. That forex managed account was promoted as a lower-risk/lower-reward investment that was supposed to be run by a very good forex trader who had many years of experience (his name by the way is Ahmet Devrim Akyil). I looked at the website http://managedforexpro.com/dev_details.html and I noticed that they haven’t posted the returns for July or August. That probably means that they made huge losses in those months, and that coupled with the large loss in June (which they do show) of -14.92% is what caused the 90% loss.
You are right F_L, forex trading is dangerous. It seems that there are very, very few good forex traders out there. And even those don’t seem to be able to make consistent profits in the long term. It seems that they may make money for a year or maybe two, and then that’s it. After that it’s huge drawdowns that either come suddenly or moderate drawdowns that come month after month after month until your account is down 60, 70, 80 or even 90 percent. Look at my post at 442 about FXCM Sentiment Aggressive program, its performance this year has been terrible. Or check out the absolute train-wreck called Capital BluFX Options Benchmark at post 414 by Devastated. Forex trading is wickedly dangerous indeed.
Stop it said
Charges in Berkshire case
http://www.nationalpost.com/scripts/story.html?id=619182
Stop it said
MLC is no saint. Everybody knows about the scandal that happen with a company that he owned Berkshire Securities. A financial planning firm set up by AIC. “Two years back, Thow departed from Berkshire and is now based in the United States. He has left a wake of misery with clients who claim they are owed more than $30-million. His activities are the subject of numerous investigations: the RCMP is involved, as is the Mutual Fund Dealers Association.The alleged fraud is the largest in MFDA’s history”.
http://www.financialpost.com/scripts/story.html?id=f60d2e0d-e89a-4d6f-9342-754c057c0039&k=45788
The man is know saint he just knows how to cover his tracks!!
JSM said
POST 478 Maria:
Hey Remember that the Pyramids that were built in Luxor are considered one of the Seven Wonders of The World. Not all Pyramids are Bad. Smile.
Oh, BTW, I am Jamaican.
Forex_loser said
Hi everyone I am in the USA and have read about the Capitalblu debacle. I almost invested with them ouch! My deepest sympathy to those investors. I too lost money in August with my Devrim forex account, stay 50ft away. It is at managedforexpro.com. They have several programs most are doing ok but Devrim lost 90%. Thank God I only had $5000 which for me is still a large sum. Forex is dangerous. I am taking my money out and investing in Florida land things real cheap now you can make a healthy profit, email me if you want some info. I get hurt three times with three different traders. I will put there names here cause I dont want anyone to get burned. Dennis Elwess from Arizona, Mike Dezego of New York stay 100ft away!!!
sirach said
I wondered how long it would take. Yes Sir boss it is your blog.
Bye
sirach said
I like the spirit. Visions and F1 and Olint and Keen and others have all paid large sums to attorneys. Now there is some needed money. All we have to do is ask these lawyers for it? Thanks Maria…i am motivated.
Madre said
There you go Maria, yes man let’s get together and find some hidden money for our friends who need it badly. Thanks LRC, take it easy Maria.
maria said
yes madre, another means of getting back a little something is the NHT contribution refund.
LRC said
Merc V I hope u are safe from the storms. Please leave if you have to. Red P, Patricia, Madre it is always good to see u on the bus. Where is Floridian? Hope everything is ok. To all lets keep hope alive. God Bless and have a safe and blessed weekend.
Madre said
Who says it has to spent on the mortgaged property. It can be spent anyway you like. It can only be accessed with a proforma relating to the property. The bank can’t dictate how you spend it. It is your money. As I said before, times are hard: school fees are due, books to be bought, children to feed…..you get my drift. It is the customer’s money. The attitude the bank has is that it really does not follow up on it as they know that it is the customers’ money.
Another point is, a lot of people restored their properties out of thier pocket after the storm without knowing/remembering that this money was there to be used. Some people can treat it like a reimbursement. They just need to submit their bills or receipts.
Not all lending institutions take “upkeep savings” as VMBS claimed that they stopped doing it many years ago, but JNBS is one bank that does it.
sirach said
Madre, all I am saying is leave it as savings. Do not spend it even on your (the banks) house. the less cash in hand you have the more power you give the schemers. If you want it take it. I wish i could give you the same advice about the schemes. We will just pray then while they scheme the exit.
Madre said
Don’t mention it PEI. I hope it helps many people. Peace and Love
PEI said
Sister Madre thanks for that great news cause me a tell everybody bout that. Never know before. Thanks again. Thats why me stick on dis bus cause a nuh just lick out an cussin. People here care and share good news and tips. People over here look out for each other. Redp always a give love well PEI love unu to.
Love and thanks
Madre said
In fact, they treat it like a withdrawal as the money can go straight into your mortgage/savings account and withdrawn even through the ATM machine. The only catch is, it must be requested and the wait for the credit to the account – 2 to 3 days.
Madre said
Sirach, this is not a loan. This money is the customer’s money that was put aside from their monthly payments. It is called “upkeep savings”. This is the customer’s money that can be accessed at any time. the only requirement is a proforma invoice from a Hardware Store. They can’t withold this money, I researched it thoroughly.
sirach said
Do not get yourselves into more debt. You will lessen your stregth for the fight that way.
depressed said
Iam a poor person and I, like my friends got unsecured loans from Mr. Chins bank and invest it with Olint. Now I just lost my job.I had so much confidence in O that I would make back Mr.Chin’s money and make a little thing for myself that I didnt even read my contract with Mr.Chin.Does any body on this bus knows if Mr. chin would b generous to write off this loan as I am unable to find any funds now.What will be their likely action?.
Madre said
I know a lot of people are having serious financial difficulties right now. There is some money that can be accessed from mortgage companies especially JNBS. This money was put aside as “upkeep savings”.
It is taken from the monthly payments and all you need to withdraw it is an invoice showing intention to “upkeep” your property. For example, painting, fixing air conditioning units, cleaning carpets or general maintenance.
Call the mortgage companies about this upkeep savings.
Someone just received a payment from JNBS for J$74,000.00 after paying the mortgage on a studio apt. purchased in 2005.
Hope this helps some people. Come to think of it, there are insurance policies too that have savings/investment worked into the premiums. Money can be withdrawn from some of these policies too. Check it out guys, I know it’s rough on a lot of us.
sirach said
Lionheart, bloggers, this is the most secure way to stop scammers from threatening the babes and the sucklings:
Madre said
Great post Lionheart.
Maria, when your Olint money comes please remember me. I will help you carry that big burden called 400 million lol. You always crack me up. Is Floridian training school yuh go to?
Madre said
Chilly@446
Yes, I agree with you. They say hindsight is 20/20. I will do a few things differently in the future. We must thank him for one thing though: his club forced investment banks and others to offer better interest rates on some instruments. They actually went back to the drawing board and came up with better investment options – even if they were more risky. We have DS to thank for that. Where were all these great new invstment options before Olint?
Something tells me that DS has been profoundly impacted. He should by now, know who is friends are.
maria said
excellent post lionheart but i have one concern, if not wire transfers how would we do business with the likes of an olint? cheques can bounce and take 45 days to clear and i couldnt walk around with my 400 million. lol.
RedP said
Good morning Nice ppl!!
Whaddup Drivah?? Bless up!!
PEI- I couldn’t agree with you more bredren, we do have plenty to be thankful for fi true!!
It is so nice to see a likkle life on the blog!! Sirach is you cause it??
Good job Sir/Maam!!
MercV, DW, yuh safe?? Sound we out nuh!
Patricia, its so good to see your refreshing input, yuh a blessing fi true!
BTW, got word that StressNowBlessed and StillOnTheBus are alive and well thank God. I dont know why SOTB stop post after is not me put her in time out!! That was always Floridians job!! LOL
Thankyou to all that help me with the Prayer Bus and are a part of it. Unnu bless me bigtime!! Big up yourselves!!
Anybody want to hop on the fare is free.
cjb @ cwjamaica . com or olintdude @ gmail . com
God Bless You all my blog friends.
RedP
LionHeart said
The latest Internet scam:
http://abcnews.go.com/Business/Story?id=5783260&page=1
To avoid being scammed:
Deal locally with people you can meet in person.
Never wire funds through a wire service.
Never give out financial information.
Most scams involve a foreign inquiry, inability to meet face to face and money orders, cashier checks, shipping and escrow services.
Look out for bad syntax and grammar — does it look like something that appears to have been written by someone who is not a native English speaker.
Scammers also talk about their religion and faith in God.
“It’s incumbent on you the individual to exercise your due diligence. Do the research, put in the effort, find out who you are dealing with,” Butterworth said. “The truth of the matter is: If it looks too good to be true, it probably is.”
sirach said
DS…show me your friends and I will tell you who you are.
Comment said
#445
Chilly you could not have said a better thing and you hit the hammer right on the nail. I must admit i was one of those persons as well i doubled my money but as you said I just left it there waiting to hit a certain number that never came and now I have know one to blame unless there is something else involved that led to me not recovering my funds when i needed them. It was a lesson well learnt and you bet I would not make this mistake again. I am more anal now about investing that i ever was in my lifetime. But you know look on the bright side we still can have a good Laugh and hit a few key strokes once in a while, many others will never have the opportunity to even see a stroke. Have a great weekend to all the Prayer bus group.
Patrica
nice to see you around as always.
Rabbit where are you? it’s been a while since you Rove post.
Peace.
Kevin said
Sirach you may post the link to Diana de Gara’s article in the TCI Journal, or at least state that you are posting an extract from her article.
PEI said
Morning People. It look like the hurricane them have a personal thing going on against our side of the world. Is like mother nature have a sick sense of humor. Ike the monster plow through the caribbean and now set for Texas. It mash up Haiti bad bad and people over there fighting for food and supplies. It bad bad over there. Them worse cant afford these disaster yet still is like mother nature forget say every time them get hit just like Cuba. Now big America feeling it i mean every minute you gettting up and running from hurricane. what a crosses. plenty jAMAICANS LIVE IN hOUSTON AND ike heading straight there and it will be very bad. We really have to pray for all these people who suffering here in Jamaica and everywhere else. When me see the people in Haiti a fight for the little relief food is like me watching one a them poor war torn African country and not a country next door to JA. Have mercy. People we plenty to be thankful for and we must always give thanks.
sirach said
After the months of government corruption allegations, will the government violate its position of trust yet again, and rob the Treasury of relief funds as they prepare to go out the door? And then grant their relatives all the contracts?
Will the Premier have damage at his Leeward Mansion that needs repairs? Has his pool’s statuary lost their limbs? Is his fountain clogged with debris? As the Premier went to various islands after Ike hit, he wore what appeared to be his red Porsche outfit. Does he not understand most people don’t have a home or a car, let alone a Porsche? Or the dream of a Porsche? Does he not have the sense to just wear a jacket and cap.a plain jacket and cap, not bling and to not rub his wealth in their faces?
How can a leader lead, or even redeem himself, with the track record that he has created in just the last month? Will the PNP faithful be the first to get their homes repaired or built? Why must we even THINK in this manner? We should be able to TRUST it will be fair. Yet, I do not think we can as chat rooms have been rife with these concerns the last few days. Yes, Mr. Misick, you are the subject of much concern to your people. You are not trusted.
sirach said
He has to pay before he can do anything. Full Stop.
chilly said
Madre @415,
Part of the lesson with these investment schemes, is that many of us who have been involved long enough to double our money, sat around counting how long it would take us to get to our first million, instead of removing our initial investment. I thnik many of us will become wiser investors as a result, so in the future if we suffer a loss, we will be a lot more able to withstand it.
I just dont see DS doing this again, not because he cant, but because the business model is fraught with problems. Offshore clubs with over a billion under management and no oversight will always garner unwanted attention, not just for themselves, but for the money being filtered through the club.
If DS has not learned who his true friends are, the wisdom of using instead of bucking the establishment, and the need to reorganize both his personal and professional life, then he has short-changed himself throughout this entire process.
Very Positive said
JK,
Can you say how you received your updated statement from WW. I log into my account and what comes up is the last email sent.
sirach said
Show me your friends and I will tell you who you are.
sirach said
James Robertson, minister without portfolio in the Office of the Prime Minister – missed eight sittings and has offered no apology
Daryl Vaz, state minister – Office of the Prime Minister – missed seven sittings and has offered no apology
DS has squandered your money on liquor, girls, casinos, politicians, cronies, family and lawywers– missed every sitting and has offered no apology
Mercury Vapor said
Alan, the blogger at http://www.alansmoneyblog.com has closed his FXCM Sentiment Aggressive account. He says that he’s lost 30% of his investment since opening an account with them. The performance of this managed forex account has been awful this year. Here are the results from January to August 2008:
-3.86% -15.71% 6.39% -4.02% 1.12% -9.45% -0.59% -0.49%
Stay clear of this managed forex account! Here is the link to Alan’s post:
http://alansmoneyblog.com/2008/09/09/goodbye-fxcm-sentiment-aggressive/
Olint-for-life said
Sirach @439
I don’t know if money is there or not. I really don’t know. So shame on you to think that I am conspiring with anyone.
I have shared on these blogs and in private before, what I heard from close friends and business associates of the probable truth about Olint. But still I don’t know. Sharing these “stories” only carry people on an emotional roller coaster ride, so I have toned it down.
In the absence of factual and truthful information, what is wrong in hoping for the best, while expecting the worse. The feeling one gets when an expectant mother is going to deliver a baby, or ailing parents lieing on their death bed, are similar. You are hoping for the best, but at the same time, you do a reality check and expect the worse. That is how I feel about Olint, cause I don’t know but still hope for a favorable outcome.
Olint is down, but as you have said on the other blog, the fat lady has not yet sung. So we can still wait.
And yes, it is really hard to stomach knowing that people can’t get money while we are hearing reports of DS living large. But then again, none of that would matter if we were getting our money. Recall I said before, we should all learn to trade currencies for ourselves to take charge of our own destiny, our own financial future.
In all things, we must give God thanks that we still have life, and remember, that as bad as things are for us, it is even worse for someone else.
So I repeat, when life’s difficulties drive you to your knees, use the opportunity to kneel to God in prayer.
Olint-for-life
KEEPIN THE FAITH said
Sirach, Sirach, Sirach!!!
sirach said
With all due respect olint for life you sound conspiratorial. Smith has never said the money is gone. in fact he has always stated the opposite. Are we already praying for something all of us don’t know yet? If so how do you know? Are we tpo be slowly acclimatised to some pending horror? Or should the perputrators be the ones to be acclimatised? Capital Blu can cry about losing 90% of our money but unless they wash windows cown by abbey court EVERY day then I would not believe them. Same goes fpor the Smith’s et al and company. Telling people dem money done while living higher thean abbey court window washers?……It is their chioce…
bigson said
jk how did you get your balance up date
Olint-for-life said
CS @434, check your email
Olint-for-life
Olint-for-life said
RedP, a SPECIAL and BIG shout out to you.
To all bloggers here and where ever else, who participates in the prayer bus, let me say without fear of contradiction, that RedP’s effort in putting together the prayer bus, and with the help of others of course to manage it (you know yourselves), is a remarkable blessing from God. Through this avenue, I know that a lot of persons who are/were experiencing several difficulties, be it financial, health, family, work, marriage, etc, have had the courage to come forward and ask for healing and support through prayer. If you are not on the prayer bus, then you are denying yourself from knowing how God works in peoples lives, and it can happen for you too.
I can tell you this, if you believe that your faith in God is weak or misplaced, compounded by the negative turn in your personal finances, try trusting God to make a way for you. The workings are indeed miraculous because none of us can clearly explain how things work out under dire circumstances. They are also blessings, because some of us know that we haven’t done enough to deserve them.
Remember, when life’s difficulties drive you to your knees, use the opportunity to kneel to God in prayer.
Thanks RedP.
Olint-for-life
Olint-for-life said
Kevin @431
I must join with you in expressing absolute shock about Capital Blu’s reported loss.
I mean, 80-90% loss.
Didn’t they brand themselves as being better, legitimate, regulated and licensed, even more transparent traders than DS?
Interesting turn of events.
And yes Maria @433, the $90,000 gone from your account.
Curves @418, check ur email.
Olint-for-life
CS said
olint for life, could email me at conalspe@hotmail.com. I have a query for you.
maria said
when they say 90% are they saying that if i had $100,000.00 there $90,000.00 is now gone leaving only $10,000.00?
Kevin said
JSM..thanks for the input on the Stocks page.
Kevin said
Devastated, thanks for sharing that piece of information with us at #414…..Blayne and the others at CapitalBlu must feel awful to say the least about that disaster.Not to mention the knock on the pride. At least they seem forthcoming about what happened and have offered a solution. How long it will take to rebuild each and every portfolio is another matter. All the best.
Kevin
Overchill said
Trying @377
Take a look in the sunday Gleaner, theres a few people in there that sell and install equiptment. It might be expensive to start up (about 30-$40,000) but you wont have any monthly bills. The picture is much better too. I have a Captiveworks 600P which works fine, maybe you can find one here or online. Watch the guy program it a couple of times, then you will be able to do it yourself. Files available for download free online. DIY dish
Madre said
Thanks dehustle, I missed that whole section. Glad to know that Tito alright. Peace.
maria said
JSM mind dem pyramid talk deh yu nuh sah !!!! yu wi call dung di blogviper dem to backscover (cause backscover is a jamaican word).
Dehustle said
Madre
Give Thanks Tito Checked in see post 362
Madre said
BTW Tito, How are you doing? Hope everythingis alright. Heard that a lot of roof damage. How did the Hotel work out? Check in with us nuh. Really hope that you are safe.
JSM said
Good Day Ladies and Gents: Its been awhile. Everyone knows my position, I will not post unless its worthwhile. My post on the Stocks and Mutual Funds Page is wortwhile.
READ MY POST THERE FROM TODAY.
Someone once said: “Never worry about the delay of your success compared to others because construction of a pyramid takes more time than an ordinary building’.
Take Care.
JK said
a friend of mine confirmed he got money from the wise ppl
i jus got my balance update and its correct too …..progress?
Patricia said
Overpayments/wrong balances are not new issues they have been ongoing, some times promptly rectified, other times not. That is my understanding. I do believe that it is being used as a stalling tactic to an extent. I also believe that many who were overpaid and no longer have funds in O will not readily repay, if at all. A part of me wants to believe/hope/give DS the benefit of the doubt, re the time to make good, but I also live in the real world. You see, for the life of me, I cant understand what he will be able to do differently at the end of this pregnancy, that he could not have done back in Jan-April. For me there are just too many unanswered questions and way too many empty statements and half truths.
RedP said
Blessings good people, I hope all is well with you.
MercV, DW, I hope you are preparing for Ike and that you are not near the coast. Our prayers are with you both.
Sirach welcome to the #4 Bus. Hope you enjoy the ride. The air is a bit lighter over here and the fellowship genuine.
Personally, I dont believe that Supah Dave can be accused of thievery, mismanagement yes, but not thievery or deceipt. Just because one may not be forthcoming with information does not mean that deception is there. Hang tight good ppl, you will get your funds back. I know things are rough, I’m in it too and feeling it. Put your faith where it ought to be put and remember in all circumstance give thanks, cuz no matter how bad you have it, someone has it worse. Trust me pon dat.
Prayer Bus anyone? Gimmi a heads up. cjb @ cwjamaica . com or olintdude @ gmail . com
Bless Up
Love & Peace
RedP
Dehustle said
SirAch @ 415
Is that the full hundred ?
******************************************************************
Re overpayment this is just another loophole/exit clause being developed by DS in another letter we will hear cant pay until him recover overpayments
Olint made errors with my account, more than once not reflecting DEPOSITS had made and once not reflecting an encashment I had received, I called them and each time it was sorted in a day or so
So Go figure If I wasn’t honest enuff to tell U my balance was too high when I had money in the club will I be when I was one of the ” Smart money ” who cashed out last year there’s a snowball chance in hell of getting that back
As for those who were overpaid by amounts that their current balance can cover simply adjust account so DSe owes owe ythem less/nothing
maria said
can anyone out there confirm this piece of news that the WOLF lost a sizeable chunk of money in Trinidad? lol. yu ever hear dem seh want all lose all?
LRC said
Assuming that the people or some of the people who received overpayment did not withdraw their principal, could’nt DS withdraw the overpayment from their account? I would think so. Just a thought.
Curves said
olint for life can you please send me an email curvycurves1b@gmail.com
sirach said
let me ask you something. If….If..people were overpaid and accounting errors were made. And If the fact is people can not get paid THEIR money. And if it is OLINT that made claims of conspiracy and If the politicians came on the scene because Olint brought them…..THEN…
Why would you have the same people be in charge? Why would you just sit and wait while they tell you to shutup for nine months? Don’t you have any dignity?
A vauge statement is released on July eighteenth (and addressed to thin air) and the masses send time bloggings and guessing as to when the start date is???
Do you think they care???
I will give you a tip: There will be no payday in nine months.
chilly said
Patricia @409,
It is obvious that there is a shortfall, based at least in part on overpayments to club members since 2006. Both Lord Gifford and DS have indicated so. DS stated that the purpose of the audit was to identify correct balances due to each member, and to identify overpayments. What happens if the remaining shortfall was as a result of over reporting of gains by DS, or he is unable to recover overpayments from past club members, what then?
You have to factor into this equation, as I am sure DS has, that there might be some additional trading needed to makeup the shortfall. I think he is focused on trying to makeup the shortfall over the coming months via trading, and leave the other issues to his auditors (correcting the accounting) and attorneys (recovering overpayments)
Madre said
Chilly, the people I know would take some of their money and invest the balance with him again. I agree with you about the managed account.
I think it makes sense to communicate individually with clubmembers giving everyone the choice. He may be surprised at the positive response.
This situation has become so entangled: with talk of politicians, big bank conspiracy and FSC pressure, I don’t think would be possible to continue with his club. They are not going to stop. It’s really up to investors though: to choose to continue or to place their money back in the system- the same system that allegedly conspired against them.
Devasted said
Capital Blu Investors Suffer 90% Losses
Dear Capital Blu Clients,
…In Mid-July we commenced trading at Saxo Bank and began running parallel programs with PFG. While both programs were utilizing the same exact strategy and held essentially the same positions; our trading team began noticing significant differences in the platforms. Some of the key differences were:
* Quoted Rates with inflated spreads on both platforms.
* PFG required margin on net position; Saxo Bank required margin on gross positions.
* PFG portfolio could be managed through a single master account; Saxo Bank’s portfolio had to be managed by each individual account.
What appeared to be manageable challenges on both platforms unfortunately were exaggerated on August 8th when the market made a dramatic trend reversal.
On the Saxo platform margin calculations which were averaging around 20% rose to over 100+% (extremely abnormal). Our trading team immediately began rebalancing the portfolio to reduce margin, however, due our inability to rebalance the entire group of managed accounts at one time we had a few clients get stopped out resulting in catastrophic losses. The accounts that were still below the 150% threshold had to be managed independently which ultimately compromised the trading strategy. Over the course of the next several weeks our trading team worked to rebalance each individual portfolio, however, since we were forced to unload positions based on necessity we were left with very few favorable positions and ultimately saw the entire managed account portfolio stopped out for approximately an 80-90% lose in every account.
We truly understand the frustration of each and every customer and wish there were something more that we could have done prior. In hindsight there were several actions we would do differently; however, this isn’t a time for what ifs as you deserve a plan for how we are going to move forward.
So the question many of you are asking of Capital Blu is where we go from here. Well first and foremost, you have our commitment that we will do everything commercially, legally and ethically possible to rebuild each and every client’s account.
Internally, we have taken the following actions:
* Blayne Davis, Director of Portfolio Management is no longer a member of the Capital Blu.
* Implementation of formal risk management procedures to ensure a client’s max drawdown is 15% regardless of trader, platform, strategy, etc.
* Indefinite suspension of the BluFX Options Benchmark Managed Account Program.
Proposed Reparation:
While we understand that many of you are looking for us to simply cut a check to reimburse the losses, we have been advised by our legal team that we cannot commercially offer this type of reparation. As per the program disclosure, Capital Blu Management will honor the high watermark of the August 1, 2008 balance for all clients in the BluFX Options Program. In essence, we will rebuild each and every account free of any commissions or performance fees until we have brought the account balance back to the August 1, 2008 balance.
Kind Regards,
Joe Mills | Director of Sales & Marketing
Capital Blu Management LLC
M: 239-595-6503
http://www.capitalblu.com
chilly said
Madre @406,
I have heard from two very good sources close to DS, that it might not even be 9 months.
All the disappointments we have had with the other failed investment schemes have worn on the confidence of the general public. This is truly unfortunate, as OLINT’s woes could not come at a more inopportune time.
Within my own circle, I would say the vast majority would simply want their money back. For me, as I long as I am convinced that he is mentally fit and willing to continue, and has repaired the shortcomings in his organization, it is worth the investment risk.
Nothing, revealed so farwould prevent him from running a investment club. I do believe however, that he would be better in a managed account arrangement where members can both see and manage their own funds, and are responsible personally for what they deposit and withdraw from the account.
Madre said
Patricia @410
Thanks for bringing that to our attention. Yes, it shows a lack of accounting controls but it also shows that many clubmembers were very dishonest and greedy. I did not know that people got statements with incorrect balances (in excess of their balances) and did not report it. I bet you people in this situation are some of the first to call DS thief.
I will be patient as this “audit” is done as now Patricia has informed us that some people decided to be quiet. If BNS overpaid a customer (and this happens from time to time) I am sure they would seek to recover the overpayment. This situation is no different.
Patricia said
On another note I recently spoke with a friend in JA about the overpayment issue and he admitted that on one occassion, his statement reflected an inaccurate balance as a result of O not debiting a previous encashment request that had been paid. He brought this to their attention, and it took several calls and a couple trips to Bremar to have it corrected. The amount in question wasn’t small either, as that person is a “pig” and has funds for a number of people. In dealing with that issue, he was told by a few others in a similar situation that he was wasting time and that they certainly wouldn’t be running around trying to get the office to correct it. They clearly didn’t have a problem with keeping any funds credited to them in error. It does seem that a number of people benfited in this way. How much? dont know nor to what extent. It just goes to show the lack of accounting controls that existed. Anyway, not jumping any gun and will await the outcome of the investigations in Turks. In the interim life goes on.
Patricia said
Given the wording of the July 18th statement, it is reasonable to assume that it is within 9 months of that date. He did not say within 9 months of him resuming trading activities. If that is what was meant he should have stated so. Lawyers were involved no doubt in the crafting of that statement.
Madre said
Chilly, The only info I have in trying to calculate the 9 months is the statement dated July 18 that said, if he is permitted to he will make payments within 9 months.
I don’t know (from this letter) that he intended to trade etc. I don’t know if the payment referred to are the encashment requests. I don’t know many things so based on the date of the letter 9 months time is April 2009. There was no other suggestion, based on the statement.
I too would be all over him like white on rice if I was convinced of the negativity floating. I refuse to jump the gun even though I am very frustrated.
chilly said
Maria @392,
I think your 400 million VND (Vietnam Dong) is safe. As much as I know DS and his family, if I were convinced that his efforts were to deceive and defraud us, I would be on him like white on rice. Actually, I think there is a lot more evidence indicating that this man and his organization has been the subject of numerous unfair accusations and investigations. A quick recap from recently published public information; Turks investigation initiated from anonymous source, USA investigation from NFA complaint against I-Trade, Interpol investigation as principal of I-trade, extensive investigation by Turks before obtaining securities license. A lot of people in high places are seeking to break OLINT, some out of fear, others out of greed. However, DS created room for these opportunities by the way he organized himself.
Madre @401,
How can the 9 months start before DS resume trading?
It is not the audit that will take 9 months, it is making up whatever shortfall exists after the audit. I dont think even DS knew what the actual shortfall was when he proposed the 9 month recovery period.
Madre said
http://www.jamaica-gleaner.com/gleaner/20080911/cleisure/cleisure5.html
Devon Dick thinks that political parties should pay back Olint and Cashplus money received to run political campaigns.
Madre said
Chilly,
The view I was referring to was that of repayment happening within 9 months. Many people (by their responses) seem convinced that he has swindled their money. So if repayment happens within 9 months that would be exceeding the expectations of many.
I agree with you: we would be losing access to a great longterm investment but depending on the outcome, he may decide to continue trading. I am not GOD I do not know how things will turn out.
There are some people who would invest with DS again if he got that chance but will he ever be able to run a Forex Trading Club again?
chilly said
Olint-For-Life @391,
I genuinely like your approach. I myself have started doing the same as well (I should have started a long time ago). Yet I must be honest with you, over 95% of us will never be successful trading forex longterm. I am not saying we shouldn’t try our hand at trading, but FxChief’s assertion that we can all learn to feed ourselves from the forex market with his training is self-serving at best.
Olint-for-life said
Good morning to everyone
Having stayed up all night, here is a further update to my post @391 about my FX trading (real money).
Including my trades last night to this morning, for this month so far, I have now captured a total of over 1,000 pips (net) and my account balance has increased by over 30%.
At the time of posting just now, I have 4 open trades, all in profit (that is total additional pips of approx 600 and growing), showing unrealsed gain of over 19%. That means if I closed those trades this minute, my account would have grown by over 49%.
I repeat, everyone should learn currency trading themselves, so that you all can determine your own destiny, and take charge of your own financial future.
So please, while you make the time to post your blog comments, use some of the time to learn currency trading.
Olint-for-life
chilly said
Madre @386,
I genuinely have no problem with the opinion of others, I just think often times we are our own worst ememies.
I am not sure why you would want my views to be the actual outcome, even if it is likely to be so. If DS is truly a great trader, regardless of his poorly run organization (an easily repairable situation), we would be losing access to a great longterm investment opportunity that the majority of us will not be able to replicate.
Madre said
Sirach @397, I am open to information. What “arrogance” are you talking about? Were they rude to you?
When I called Braemar when the office was open, the people there were very polite and tried to answer my questions completely. They were not rude or seemed to withold info. They spoke to the best of their knowledge constantly apologising and would never rushed me off the telephone.
I get the feeling someone was very rude to you. Enlighten me.
Madre said
Good Morning,
Maria @397 The first letter from DS asking for 9 months was dated July so I’m thinking this 9 months should end April 2009. That’s a very long time but I guess he prefers to pay within that time than to say…”give me 3 months” and repayment does not happen in that time.
MercV, I want to hear something concrete too before I cast judgement.
bigson said
any thing new on ww they not even want to ans there phone anymore
maria said
so no one have no idea when the 9 months up all now?
Mercury Vapor said
Re: Post 394
Madre said: “If some of my friends could do well I don’t see why DS wouldn’t do relatively well too. Let’s not hang the man before we try him.”
That’s similar to my thinking too Madre. It seems that there are always things going on “behind closed doors” that we don’t know about. I’m waiting to hear the results of the money laundering investigation in the Turks and Caicos. When those findings become public…and hopefully they will become public…then we all will have some facts to base our opinions on. So I’m still reserving judgment on DS…but hey that’s me…I don’t have a lot of money invested in Olint. For those people who have millions of dollars in Olint, I can understand that they would be furious with DS.
sirach said
Madre, the posh people are the least. It is the thousands of poor marginalised black people who really suffering. CP and WW and Visions and the rest hurt them bad too.
The only thing he can do now is find wisdom. But arrogance and wisdom don’t mix.
sirach said
“DS says 9 months, and there is nothing that you or I can do to shorten the period.”
There is nothing he can do either Olint-for-life. The quicker he lets u know this the better it will be for all.
Madre said
Bless, trust me I know times hard. Some very posh people I know are having it very hard. I feel your frustration but how do we know for sure that the money is gone? We don’t know, we only hear people saying so over and over again.
I am frustrated too but right now if you were DS what would you do given the same situation. What can he do right now?
Madre said
Olint-for-life, you increased your account by 18%? So how come some people make it sound like it is impossible to make good gains from forex trading? Boy I know that Olint never promised anyone a set rate and the rates fluctuated from a low of 3% to a high of 16%. I felt that these were credible. Thanks for the confirmation on this blog that these gains are actually possible. Some people make it seem like an impossibility.
I shrugged off learning this trading thing as I was too busy at the time, while some friends were buying up real estate from their trading gains. Some lost money, but most of them were doing relatively well.
If some of my friends could do well I don’t see why DS wouldn’t do relatively well too. Let’s not hang the man before we try him.
Bless said
Olint-for-life:
you luck you got money to go start trade some of us dont got sh*t left in a wi So you can gwaan chat – It is nine months now some people got pickney sending to school, studying I just finished an exam. the jamaican economy slowing down so people are having it damn hard all because we trust the wrong person
Obviously you did well through olint but what about the people who just came in
So paint DS as a saint as him proof to us that dat dat nuh deh again. You know how much poor people pension in a olint I know people who now have diabetes through this disaster. Jamaica was tough before but can you imagine now
maria said
so weh oonu seh, chilly a DS PR man undercover pon di blog??? lol, a joke mi a mek boss, jus a pull yu leg. the truth is i sincerely wish what you have been saying so far is close to if not the truth. the little hope i have for a return of my 400 million is fast fading.
Olint-for-life said
Greetings to everyone
While I understand how everybody feel angry and disappointed about not getting any money for some 9+ months now, I still think that you could hold off on your condemnation of DS. None of us blogging here and on the other bus, knows for sure what the true situation is, that is whether Olint really crash or not, yet we go off on a tangent and speculate that everything is as bad as they seem.
I could be wrong, you could be wrong, but who here really knows what is the true situation?
A number of persons have stated that they are not sure that DS was really involved in currency trading, subtly or deliberately implying that DS was running a Ponzi scheme. Well I don’t have any evidence to say yea or nay, but neither do you. Yet you come to these blogs and condemn the man without knowing the facts. I guess its the whole situation frustrating everyone, and for that I guess we can be excused for our outbursts.
If its one thing that I will agree with Jared Martinez, the FXChief (or some would call him the FXThief), is that we should all learn to trade currencies for our self, so that we can take charge of our own destiny, our own financial future.
I have been reading the blogs these past weeks without participating, because I choose to spend the time to develop my own proficiency as a currency trader, and doing reasonably well. So far in this month, I have banked over 700 pips(net), translating to over 18% increase in my account. I would encourage you all to do the same, so that you can take charge of your money, your destiny, your financial future. Just think, if we could just dedicate the time to become good traders, we wouldn’t have to rely on DS and Olint for any money, and there would be no need for this type of blog in the first place.
DS says 9 months, and there is nothing that you or I can do to shorten the period.
So I will wait. Whether to hear good or bad news, I can only wait.
Lawsuit, me, forget it.
Olint-for-life
HK1 said
Geotradr
“Long before the thing crash people were saying take the operation OUT of Jamaica.”
Remind me. Isn’t that what he did? Isn’t that how he ended up jumping out of frying pan into the fire? Where would he go and operate without licence?
And if he was trading currency and the returns were real, the money should be in a bank account or trading platform so all we have to do is wait. We can hide our head in the sand butwhat brought us down is the lie and deception from DS.
Madre said
Geotradr, I see your point. I really do! But Jamaica is too special for the MLC’s of the world to get away with the rape. Super Plus is an example of Jamaicans fighting back. It might be a drop in the bucket but as Miss Lou would say “one, one coco full basket”.
I understand your position that DS and CH just got in his way but he was so shortsighted, the money would go right back to him and if they were to crash with no intervention from the Bankers Assoc. of Ja. then not only would all of the money but all of the praises would return to the formal system too.
Right now people are angry with the AIS’s but they are spitting mad with the banks too. I hear people saying that they are not even going to Credit Unions as they too must keep their money with Commercial Banks.
Madre said
Geotradr, so the rapers and their cronies need to stop calling intelligent people crazy for pointing out that they helped to crash small competitors.
OK. that is the modus operandi of big rich businesses and some people may say “it’s nothing personal, it’s just business”.
I hope they call the boycott “just business” too.
Geotrdr said
Listen and listen good. MLC is here to make MONEY. Bottom line, end of story. Beating up on small competitors is what big business does. See a threat eliminate it. Done. That way you dont have to worry about it later.
Don’t blame MLC/NCB for the crash of Olint. They saw what they thought was a threat to their business and they took it out. Done. Call it greed, call it no patience, call it no integrity, call it “fighting down the small man” call it whatever you want but they won.
Blame DS for the crash of Olint. Him, him broda, and the rest of the dummies on his so called management team. Long before the thing crash people were saying take the operation OUT of Jamaica. The Gov’t, the regulators and the big banks all over your backside. What the hell you still doing here. They didn’t see the threat and they didn’t side step it. They lost. End of story.
I’m always a little disappointed when people are act shocked at the raping this man unleashing on JA. Well, what the hell you expect. You think billionaires come to little third world countries for the view or out of the goodness of their hearts. Nope. They come to make MONEY. Think about how easy it is for billionaire to cash in on the third world. Gov’t for sale, weak regulations, little competitors, little regard for consumer rights. Perfect for an a$$ raping.
So what can you do. Well you can say no to the offerings of the billionaire. But chances are you will not. So let the ass raping commence.
Madre said
Chilly,
I think you have a right to say your piece just like everybody else. That’s the difference with this board, people may not agree with everything posted but guess what? everybody has a right to their opinion.
We don’t know how all this will turn out and Chilly I am praying that your views will be the outcome of all of this. I think people just under pressure.
Right now Turks is devastated and many things are on hold. I am sure they are more focused on literally putting their country back together, so we better accept the fact that the hurricane is a real setback and not a trick or a smokescreen.
Patricia said
ANd they said the blog died???!!!..anyhoo what’s that about Bruce and his NYAM and SCRAM cohorts????…JA needs a viable option for sure as the TWEEDLE DUM and TWEEDLE DEE team not cutting it either.
chilly said
HK1 and PEI,
Just assume I am speculating about all this stuff and kindly ignore me.
Madre said
PEI, Bruce professed many things in his campaign last year, he spoke about corruption and getting rid of the PNP because they are incapable. He is now a grave disappointment to many. We may have to vote for the “rasta” party as neither Bruce nor the feuding, shortsighted PNP deserve to govern this country.
Geotradr, so MLC is just a wagonist with no integrity. He just beats up on small competitors. I said before, if he exercised some patience the Olint and Cashplus money would go right back in his pocket.
PEI said
Yea Chilly how come. Me notice your posts but never respond to how me really fed up. But I wonder when you said you wouldn’t be surprise if DS come and say he suffer major losses so he cant honour the May 31st balances. Now who would surprise if him say so. to tell the truth nothing would surprise people now. Well him cant come with that foolishness cause under the contract hi lose that chance. Yes trading losses dont carry a liability for him but fraud deceit and gross negligence does according to my lawyer people. Him post returns from January month after month and no losses post so him must know what him was doing. Cant come with nonsense bout losses that ship sail.
HK1 said
chilly
How come you know so much?
chilly said
HK1 @379,
Why wait for anyone else, you can always add your two cents.
HK1 said
Why is no one challenging Chilly’s nonsense?
Geotrdr said
Madre,
You dont see the man is working hard. Lol. MLC will support who ever is in power. People play both sides of the fence all the time, nothing new. Look at everything MLC acquired durning PNP time. You don’t think he was “supporting” the PNP. JLP in power now so the support will be a flowing and so will the gov’t dollars into NCB. Gov’t oganisations have to bank somewhere right. Hell when the next election call he will probably throw a smalls to the PNP. If it seems the tide is changing and the power going to switch he will throw in a bigger smalls.
I really don’t think the JLP has strong ties with any commercial bank so they maybe looking for one now. I don’t know about BNS, that way too chuck up with PNP ties so they may use NCB.
Trying said
Good Morning
Does anybody know any contact/s for persons who sell and install cable dish?
Cannot deal wth Flow anymore. email me @ sprier2003@yahoo.com
Thanks
PEI said
Madre another longtime poster DR use to call him WOLF and you know how wolf greedy and dangerous. Him is FLOW, UGI, CVM, NCB, shares in RJR him all over all hospital. I think is Medical Associates Him making money like peas here but I dont think his company in Canada doing so good again. People all have it to say the authority there have been investigating him for a long time. One time somebody did say tief nuh like see anodda tief ah carry long bag and that is why him did fly down on Carlos and DS. I said before that money talk and BS walk so like how him have the money is his talk a run little JA. what Bruce can do bout that?
Madre said
Maria@373
You mean MLC has shares in RJR too? His friend is another major shareholder? The man have the country’s communication lock! This man is more influential than many realised. His power will soon start dictating to us how to live our day to day lives. I think he is really the “Prime Minister” of Jamaica.
He just got an award from Bruce too! We will soon have to bow and say “Honourable boss” when we see the man.
It appears that BNS is not supporting him anymore, I hope Bruce realises how powerful and hence dangerous this man can be. Imagine if he decided (for whatever reason) to turn against Bruce and support the PNP. He is a dicatator and Bruce appears to be a dictator too. I think the “clash” is inevitable – just a matte of time!
chilly said
maria @372,
Starting from when he resumes trading (restrictions lifted on trading accounts). It may not even take 9 months if he is able to quickly recover overpayments discovered in his audit.
maria said
by the way this was in todays gleaner.
“Currently, RJR’s largest single shareholder, according to the group’s just-released annual report, is Michael Lee Chin’s National Commercial Bank (NCB) which, at March 31, owned 28,064,400 shares, or 7.79 per cent of the company.
Lee Chin’s stake in Radio Jamaica Group was a mere 0.1 per cent more than that of Ideal Portfolio, a vehicle controlled by his close boyhood friend, Donovan Lewis.
Lewis also sits on the NCB board.”
maria said
when exactly is that 9 months up chilly?
chilly said
With all the crap DS is taking with these seemingly baseless investigations, plus the added pressure from the majority of the membership, I would not be surprised to see DS declare at some point that he had actually suffered a major loss earlier in the year, and settle all accounts from what he has left (after recovering past overpayments), instead of trying to rebuild the port folio back to the May 31st balance. This move would negate any legal action, eliminate the 9 month recovery, and end OLINT’s direct efforts with the Jamaican public. DS would then probably focus on trading exclusively for his closest family and friends, possibly in the form of a managed account. Who knows, time will tell.
Bless said
PEI
brother I not the too modest – cant use the emotions of shame and guity on me – perhap hate (hate a damn thief) one too decent to call a spade a spade and will curse if I have to. I mek certain mi nuh got no secret as I always say any secret mi have must be between mi and GOD so mi nuh have to play the fool.
When I went into these schemes I thought they were legit. the government was taking monies from dem to run election, the opposition was taking monies from dem to run election so they help legitimise their (AIS) operations.
If you see your government, opposition taking money from an organization would you not believe it to be legitimate in its dealings?
Now you honestly answer that question, now what you think a small fry like me to think. They are the law makers and they are using the facility then I just follow the trend
Now the question is – Is the entire country one of pure corruption?
Everybody (Law Makers) pretending to be innocent
Now the question that everybody (opposition and government) is avoiding is this – Since according to evident Cashplus, Olint are ponzis are they prepared to paid back the monies that they obtained from these illegimate operations to run elections?
There are documented court cases which give precedent that they should so each is side stepping the issue
Look at our law makers (big joke)
Now you understand little money is spent on education of the masses and why many of us believe that we are educated but were only given generalised knowledge
Interesting
PEI said
Bless they having commision of inquiry in TCI and some of it involve the government members and there finances and DS to so how come in JA there is no inquiry about the government and opposition that get money from DS and the two member of parlament that get big money. how comes that not happening. thats what is going on why I feel sometime that I would just bust out cause is pure idiot everybody taking people for.
Bless said
That was the figure banished after the interview
I am sure that was the figure stated sometime ago but I don’t care if it is one JA cent what was he paying for? If he had set up a legitimate business why was Bovell getting a percentage per month of the profit him, a nuh director, a nuh share holder, never put up capital to start the business?
As for business connections, really? now the man was a fx trader – tell that to a baby that born lastnight and he would have a good laff – as the respond would be that the man was getting his cut – so Bovell should be getting nuff cuts from his connections
The people dem stand in wi face and take wi fi idiot Well I am not stupid I dont buy Bovell story as he collected monies for almost two year and it was not until the sh*t was about to hit the fan that he wanted to see account statements – please
Mercury Vapor said
Good evening guys. Tito, happy to see you’re okay…thanks for stopping by and telling us that you’re okay. Okay, some of you guys are saying that Peter Bovell was getting paid US $500,000 a month from Olint! Wow, that’s a lot of money! But where did you guys hear that from? I listened to the interview with him on Nation Wide News and I didn’t hear that. I remembered hearing that he got paid a percentage of the profit…or was it funds under management…anyway, so that amount was US $500,000? Did you guys hear that from reliable sources? I’m just wondering.
PEI said
People that is why I so fed up now and all talk bout lawyer. no show of good faith by DS. Money talk and BS walk. if the man pay each club member say $500 to 1 or 2 thousand a month, people would more want to belive there is something to hope for. Him could pay all that money one time to people in Oct Dec 07 and $500 thousand a month to Bovell and never see nothing wrong with that and now people who a dead for even a 1 or 2 thousand can get it and must wait 9 months . Idiot business that.
LRC said
Tito, Good to hear from u You were in my prayers. Any news from DS side of town? Hope he is also safe.
Comment said
I totally agree with you on that Maria. It’s funny i said that the other day to a friend even if he was giving a stipend on a monthly basis of a $1000 USD to everyone they could pay some bills and so on. But i guess the reality is that it’s not happening right now or anytime soon until this is hopefully all over.
Peace
maria said
david smith should begin to pay some of the people he has money for as per the encashment list he has in hand as a show of good faith. we are feelng the pinch so if it is even a percentage it will be welcome if/when he gets his stuff back from the cops.
Tito said
Hello everyone, everything’s fine here, Providenciales got off surprisingly lightly, although Grand Turk got hit hard. No loss of life on Provo, not sure about Grand Turk.
Opportunity said
Fyier, I agree that is a reasonable analysis. But right now anything better than nothing.
Mercury Vapor said
Hello everyone. Glad to see Floridian dropped in to say hi…we’ve missed you a lot! Hope Tito and his family are safe and doing okay in Turks and Caicos.
Bless comments at Post 355 reminded me about Peter Bovell. I remembered that a while back his interview on Nation Wide Radio was posted on the Robot Bus. I tried to listen to it when it was posted but I couldn’t because it wouldn’t play properly. Tonight I tried to find it again, and I did…and it works now. So if anyone missed the interview with Peter Bovell, you can listen to it now. Here is the link:
http://boomp3.com/listen/bzqonoxds_7/pb-investforlife-wordpress-com
fyier said
Hi folks
Just got a statement from Not so Wise showing my updated ”balance” as of August 31st, needless to say I was shocked out of my wits to see that they actually produced some results. Ok so now that I have all this money on paper, where do we go from here because it means nothing to me just looking at it on my computer screen.
I hope others of you have at least gotten the same results i.e got an updated accurate balance.
Another thing that concerned me was that in their email last week they mentioned that they will be paying out only the capital to members that requested their funds, if so then why are they crediting accounts with interest that will likely not materialize into cash?
Not so wise claimed that they are being sued by a member who already got his principal back but now wants the amount left in his account. They are asking for members support claiming that this member is robbing other members of the opportunity to get their principal back.
In MY opinion, it is insulting that not so wise and other clubs give the impression that members who want to be paid their principal AND interest are robbing other members. The only party doing the robbing is the clubs themselves.
Who gives them the right to take other peoples money under the pretense of paying interest every month, use it to their full discretion (to buy property, rent private jets, gamble etc.) then turn around 2 years later and say thanks for letting us use your money and that interest we gave you was not interest it was really your principal? Who gives them the right to use our money for free?
People who did receive money, are not being dishonest, they were given statements every month showing that they earned interest on their money. People have used this ”interest” to upgrade their kids to better schools, buy better homes, improve their lifestyle etc. Many of them would not have done this had they known that they were using their life savings to do so and not real interest. SO, when clubs trick people into using their life savings in a way that they wouldn’t have done normally, then these clubs should be sued for both principal AND interest. And they should not get away with saying that members who sue are cheating other members because that is just plain bull. All members have been cheated by the CLUBS and we all deserve to sue for our principal AND interest.
Just my two cents
walk good
fyier
chilly said
Maria @ 343,
DS expects to have his case thrown out when the court reconvenes this month if the police are not able to substantiate the accusations against OLINT at that time.
His account with OANDA is not frozen as previously reported, but simply restricted by OANDA while the US Dept Of Justice (US DOJ) completes their own money laundering probe. None of these orchestrated investigations against OLINT seem to have any factual basis behind them.
In any event, OLINT will still be facing a shortfall and be behind on their trading.
Floridian said
I haven’t been on the blog for about 2 weeks now… Just caught up… I’m OK… Working like a dog… But working… And therefore earning some money… Which I am thankfulr for… Even got a likkle promotion the other day and salary increase…
IKE look like it mash up T&C…
Well I hope that they unfreeze DS funds now so he can start pay some people down there some money to help them with the recovery process… I know we waiting long… But if we are honest… The majority of the people down in T&C going need it before most of us… Sure there are some of us on the bus that are extremely desperate… We done know that… But mi feel it for the people down in T&C… Remember us and Gilbert???
Anyway… Mi deh bout… And RedP and the prayer bus… Jah know… All mi can say is thanks cause mi know nuff a unnu pray fi mi…
Anyway mi gone again… The boss a call mi…
YES BOSS!!!… STILL HERE BOSS!!!… RIGHT AWAY BOSS… YUH WANT KETCHUP WITH THAT BOSS???… COKE or PEPSI BOSS???… OKAY BOSS… WHATS THAT BOSS???… NO BOSS… MI NEVAH WASH IT TRUE MI SEE THE RAIN SET UP!!!
maria said
of course we all realize that this ike fellow has caused DS court case to recover his computers and stuff that were taken to be put off til about next year right? lol. if a laff a dead.
Bless said
HK1:
What do you expect? Bovell was getting $500,000 US a month for what? According to him – to set DS in Turks well does that make sense to you? people will support you until they have creditable proof that say otherwise Bovell stated it on Cliff Hughes programme DS is yet to refuge it so I will take it that the truth value is very high or the man have something on DS so him have to keep him mouth shut so trust drop low now
HK1 said
I don’t come on here too often but I can’t believe what this blog has become. Where are the main people who use to give us encouragement.
Sometimes I can’t believe some people are the same ones who used to attack anyone who post anything critical.
What a way times change. My
PEI said
Comment thanks for that. IJust want to know him still around as i hearing that his brother wayne in JA now must be to escape the storm. I not in Jamaica right now but people need to find him and fnd out what gong on. Too much silence and then next thing we hear that through hurricane more delay and they cant do this and that. My patience kind of wear out with him and me basically say that money lost but i feel if wrongs do and him commit fruad him need to go jail. Jail yes is so PEI say. Deals seem to be making with people especial those who chuck badness while decent people suck salt.
Brother redp say a prayer for me as more time I feel like I would chuck some badness and leggo 2 box and kick.
Comment said
PEI # 350
David lives in Providenciales. and the house in pretty much on the Beach side of the Island so i would imagine that there was allot of water blowing over that end. I hope for the safety of them as well as others in these times everyone needs to be safe regardless of the position.
Peace
PEI said
anybody know where in turks DS live? if is Grand Turk or Providenciales. Grand Turk and South Caicos mash up bad bad and hundreds in Providenciales lose there houses most roof blow off. That side is where plenty of the big hotels are. Phone lines down all over and plenty flooding.The place is very flat so nothing to protect it when the winds and storm surge lick.
PEI said
Around 4000 Jamaicans live n Turks. Not sure how much get out before Ike. The news look dread 80-90 percent of homes badly destroyed . A reporter from Grand Turks say almost all house lose there roof and he have to sleep in his car. He say is like the end of the world how the place look. Have mercy only hope no life lost and DS and family safe as well as Tito. Tito.make us know if you alright. Your friends on this bus concerned and we are praying for your safety.
Rabbit said
Cannot find a lot of details re TCI online.
Found this link though…Hurricane Ike reports/photos from TCI residents…..
http://stormcarib.com/reports/current/tci.shtml
RedP said
Anyone hear from our friend Tito? Anyone have his # or e-mail? Give a heads up if anyone heard anything.
Love and Peace
RedP
KEEPIN THE FAITH said
Check out Ike blasts Turks and Caicos, floods Haiti again http://news.yahoo.com/s/ap/20080907/ap_on_re_la_am_ca/tropical_weather
Madre said
The Weather Channel just reported that most of the houses in Turks have lost their rooves and the hospital is severely damaged.
Tito, I hope you are ok. You may not be able to communicate right now but as soon as you can let us know if you are ok. The island sounds devastated. No loss of lives has been reported. Please check in as soon as you can.
Madre said
This post was taken from the other bus. This person is called “planefordavid” and sent out an earlier appeal for help to get David off the island because of the hurricane.
planefordavid, on September 7th, 2008 at 8:38 am Said:
Many thanks to everyone who assisted in keeping David safe during the passage of Hurricane IKE. David is now in a secured undisclosed location in Jamaica and will be flown back to Turks soon after the storm to continue on his bid to commence payment of members funds. Please ignore false reports about David moving to Africa. His status of belonging in Turks is not in jeopardy. Thanks again.
K said
Ike probably washed away all the computers in Turks to rhaatid, not to mention court papers..
what a preke
maria said
cant believe this is the same site that a couple months ago if i missed one day i would have had to spend hours trying to catch up due to the huge volume of posts. anyway, anyone have any idea exactly when is the court case this month for DS to try to get his computers and stuff that were captured returned?
Madre said
Tito, if yu stay in a hoitel be careful of the glass windows, some hotels have big glass windows which gives a great view. Be very careful of those as they could be smashed with flying debris. Crack the windows and doors opposite to each other to allow the wind to weaken the force on the glass.
Ground floors may be flooded but very high floors might mean no elevators if there is no electricity. So stay on the 2nd or 3rd floor. Keep safe Tito, we are praying for you and all of the people on the island.
Bless said
Tito:
If zinc roof sand bag house top; if near sea pack up important document and articles and carry them with you category 3 stil bad
RedP said
Tito,
will be praying for you. Buy couple squeegees as well. It’s faster than mopping. If you have a zinc roof it may help to rope it and anchor it down, use strongest grade rope you can get. try board up your windows and stay away from them or any sliding glass doors. Purchase tinned goods, if you have generator buy extra fuel, same thing goes for gas stove cuz recommend you boil all drinking water. Stock up on tinned goods etc. Trim trees near house, if you have time just lop the leaves off,it creates less wind resistance and less possibility of tree coming down and tree will spring back faster. if you have any empty drums, put them outside after heavy wind to catch surplus rainwater. If you have satelite dish or solar panels take them down now. Park vehicle in as sheltered an area as possible. Also purchase extra medical supplies just in case.Stay safe Tito.
RedP
Tito said
Thanks for the advice everyone. Have arranged secure accomodation at one of the hotels here, and will be packing this evening.
It appears all flights are fully booked, so have to ride it out, still it’s just gone down to category 3.
PEI said
Like how DS dont have the jet again i wonder if him on one of these flights.
Jamaicans flee Turks and Caiços in fear of ‘Ike’
published: Friday | September 5, 2008
http://www.jamaica-gleaner.com/gleaner/20080905/lead/lead7.html
Tito see if you can get a ride too
K said
Tito,
call me a pessimist but should that hurricane hit next thing wi hear is the rain flood out the documents seized by the police and what a preke that would be
keep safe my brother! prayers the lovely island is spared.
PIP Squeak said
Well Tito,
Make sure you pack up all you important documents, pictures etc in watertight containers or ziploc bags.
paper plates and cups always come in handy.
keep your medicines nearby an I know you mus have nuff tin foods set aside but don’t forget the can opener!
waiting in the wings said
a friend of mine called and said that she heard that people were getting paid from Maydaisy. I told her i was not one of the lucky one.
Still hanging in dere
Bless said
Tito:
Pray and pray and pray if possible leave island and come back after huricane. category 4- Gilbert was category 3 when it hit I still have vivid picture in my mind. What type of house do you have and please move from the sea/beach front now now now storm surge
hey Patricia I receive dem fool fool e-mail like dem tek mi fi fool I was tempted to full the reply with bad word bad word bad word – one page a bad word. mi nuh fool fool kep dat to themself
PEI said
Tito listen keep dry and safe. make sure you catch up nuff water and have flash lightand radio and battery. Pack up your freezer with plenty ice as well. Lawd have mercy over there cause I know the place well flat and little breeze can blow you away much less a big hurricane. and listen me dont go outside when the breeze calm down to go see what a gwaan. Keep inside.you dont know when sheet a zinc or some thing else coming for your head.
jk said
eat nuff yam suh u can out run it lol
Tito said
Any hurricane survival tips from the Jamaican readers also much appreciated!!
Safe
Tito said
Wassup people just passing through!
Unfortunately nothing to report here regarding DS but as usual will let you guys know first!
On another note experienced my first hurricane on Monday (Hanna) and now it seems like Ike (category 4 well organised) appears to be on direct collision with Turks and Caicos Islands (which are very small and very flat so serious risk of flooding).
Let’s hope nothing happens to DS because we still want answers lol but on a serious note witnessing the pure force of nature and the havoc it can cause, to which you are helpless, kind of puts this whole Olint, DS fiasco into perspective.
Peace
Patricia said
Hey Comment..anytime. Good to hear things are working out.
If any of the Finanzas folks(E-Vela) still check in please drop a line on how things have been going, particularly encashments and member support.
Bless, are you in Uwin?…what do make of the last email??..these guys are all a bunch of jokers. September has only 30 days so we’ll see
Floridian, the patois debate in JA heating up as various persons weigh in. People need to get real about it being mainstream and standardized. There’s an interesting article in the Observer today and I agree 100% with the writer. So many times I have come across Jamaicans here in the Tdot, who react with righteous indignation, when they are told that their children will need to do ESL, especially those coming into high school.
Admittedly there are times when it is really not required, but in far too many instances it is.
Growing up I was NOT allowed to speak patois in the presence of my parents nor teachers. That was left for the playground/backyard. Certainly, it adds flavour to discourse and has high entertainment value. Some things are best said and understood in patois. Even my children will respond immediately to a patois laced command while a prior english version fell on deaf ears. Go figure !
Peace
Comment said
Rabbit- How are you doing, Thanks for the heads up> I think I should be ok they are off by about $ 200.00 in my Rove 2. I cant tell you how much i love Rove, thanks to Patricia for providing the link back in June. I have since added funds every month and have now tapered off to where i wanted to be for now until the numbers get better. I love the summary reports I love the detailed analysis. This is how a real club should be run; monthly reports of performance, gains, risk factors etc. Rabbit my Rove 2 was down by about $190.00 last month but it has since traded back out by about $100.00 and Rove 1 is up. I wish i knew about them back in 2006. but it’s never too late to start over with a new thing. As they say when others are down don’t kick and scream just find a way out but a better way. and I must say I cant really complain with the full disclosure. As they say over there rabbit stay away from any high return investments that claim no draw downs. and i have certainly had my share of those.
PS. Patricia Hope all is going well, It was nice to see you passing through the other day.
Peace.
SOMEONEWILLPAY said
here that maydaisy is paying out money to the bigman them!!!!!!!!!!
What about the rest of us, if mi no get fi mi, it nahh go so.
CP said
I hope all is well. It has been a long time I have not posted.
@Redp… Thanks for the uplifting words… Keep up the good job… Even in the midst of crisis .. your contributions is really a blessing… may God bless you..
I notice that MTI still advertising a lot in the paper but that is another story.
A lot of things wrong with World Wise. So when the office will re-open? August 31,2008 gone?
Rabbit said
Night all.
Comment – hope things are going well with you. Not sure if you noticed that Rove Capital recommends a rebalancing of Rove1 and Rove 2 if they differ by more than 10%. http://www.rovecapital.com/balance_maintenance.html
Bless said
PipUNIT:
I agree totally how can a man give $500,000 US monthly to a next man fi WHAT?. What was he paying for? him man friend now come with some story – tek wi fi fool tek wi money and a give him friend
Dehustle said
question
How does one define principal? is it all the money that you deposited
Or your deposits less encashments to date?
There could be a problem with it being the latter as a lot of people making encashments assumed that they were just withdrawing thier gains
CS said
All Worldwise Partners Check your mail. Payouts start Sept 5, 2008 (Principal Only for right now).
PipUNIT said
I think we’ve all been hustled by the biggest PIMP of them all, David Smith. I hope we all get our money but if they tie this thing up for years and he never pays. Life in jail doesn’t even seem to be a good enough punishment.
maria said
wow, these guys are serious. seems NCB went to court to get DS’s personal accounts there closed. the courts said no way. wonder if this will go to privy council? i guess if you make billions per year in profit you can afford to waste some on frivolous court cases.
PipUNIT said
Has anyone heard anything out of Olint or Lewfam? Is David Smith still tied up in with the freeze in the TCI?
Madre said
Welcome back RedP, you were truly missed. Thanks for the spiritual perspective that you offer, you have helped many of us.
PEI said
http://sportsillustrated.cnn.com/2008/more/09/02/jamaican.track/index.html?cnn=yes
maria said
i wonder , seeing as the alternative investment schemes have been decimated will the banks be next like overseas?
Patricia said
Pretty People GOOOOOD MOOOORRRNING….Oh what a day!!!!..”THEY” are back in schooooolll…WOW!!
Dehustle, I agree with Geotrdr,,dont mind the quiet, as I cant stand the hear say this and the speculate that. Cant stand the talk for talk sake. BTW, how r u doing doing?
RedP, I hope there was no damage your end and that goes to everyone in JA. Some of my folks have had a bit of damage, but they are alive and kicking so we are thankful.
PEI and others with the columnist, they claim payments should resume after September. Audit is the latest lick. Somebody should come up with an AIS Audit dance LOL
Peace
RedP said
Sorry Maria, I didn’t realize yuh was only rich pon paper like me!!
RedP
maria said
correction mi boss, maria “HAD” 400 million.
RedP said
BTW, I heard there are 6 criss bimmers down at BNS debt recovery unit. Sad dont it. Like how maria have 400 mil maybe she can buy mi one!! After all, according to my friends on the other blog, Pastor haffi drive in style and well shock out!!LOL
Mi nuh know bout di multiple wife ting though, mi nuh inna dat!!
Love and peace
RedP
RedP said
Good morning precious ppl!! I do hop you all faired well through Storm Gustav. havent posted in a likkle while cuz I been kinda busy, not to mention internet was down for a while.
WOW!! I didnt know I was so popular that I was being watched by the bogus bus!! I am truly honoured!! I hope mi head dont swell cuz it big enough already!!:) To Kull Chull and Dave Sin I say you are more then welcome to join God’s family anytime you want to. It is free because Jesus paid the price for your sin already. Just accept Him into your heart and make him the Lord of your life. Simple as that. If you want me to walk you through it just link me, I will be more than happy to help. I would consider it an honour. Prayer Bus is not a money thing, its about ppl blessing ppl, although mi bredda ask mi if mi mad and fool fool and wha mek mi nuh charge a money!!:):) Feel free to link me if you want to join up, and no, we are not tired of praying for all the different clubs, directors and club members.
Prayer Bus- cjb @ cwjamaica . com or olintdude @ gmail . com
Love unnu all
RedP
Dehustle said
Geo
I think I was one of the first to accept , dust myself off and move on to plan B
Played the stock market B4 win some lose some plus also invest real estate , likkle mutual funds etc
But Jah know there are days (especially given my health circumstances) that the enormity of the deception reach me especially cause me tink me did smarter than that
An mi miss some a di arms house like all floridian use to keep up more time
Geotrdr said
Hello People,
Dehustle- I’m glad the blog is quiet. I think its a sign that people are getting on with their lives.
Take care
waiting in the wings said
me too dehustle
Dehustle said
My The Blog has certainly gotten quiet I guess everyone is in thier own stage of the grieving process
1)Shock or Disbelief 2)Denial 3)Bargaining, 4) Guilt 5) Anger 6),Depression and … Acceptance
I always though this was a linear progression but there are days when I move from one and then back to the other .
Peace
maria said
i have a question please teacher. like how di big man give us the undertaking that in nine months time he will pay us back our likkle much mi nuh can tek him word as gospel an borrow a money an use meantime til di the nine months up?
KEEPIN THE FAITH said
The Gully Creepa http://www.pumarunning.com/#EN/running/content/main/chasingBOLT
Madre said
http://www.sunheraldja.com/article/show/1489
The above link from the Herald shows one banker’s position on the AIS’ impact on loans. He even cited that other banks were in denial. This is funny as the other banks don’t seem to be complaining.
Why would Bill say that the other banks may be in denial? Is he angry with them? Well MLC did come on TV telling everybody that the other banks keep their profits abroad and NCB did not, so we should keep our money with him.
Maybe we will soon get a “full hundred” from Bill after Oct. when he leaves his position. Sounds like they are not friends anymore. Ha HAAAAAAAAA! Yes Bill, remember confession is good for the soul!
Bless said
HDK
I am not saying that Carlos and DS are innocent what I am saying is that this was a big man rocket. Thay all were apart of it. ML did not kicked Carlos out of his bank until the money done, Jamaica is a small place they knew that carlos had a conviction record a year before there was a horay they are business people they knew that it was not profitable etc. It was a means of transfering the little money that the poor had to the rich – real predators style so they are not innocent as they pretend
A predator always work behind the seen that all I am saying -What was bovell getting $500,000 US from DS for?
What hold does he has over DS? Dont take the simple story about set up in turks, No Business man hand over money to a next man just so – some dont even want to pay dem helper to ra who cook and clean up dem mess much less. Most rich people want wi fe wok if nothing –
Carlos and DS/WS are pawns in the game – the question is what is the objective of this game?
I even ask myself if Carlos and DS are a part of it? were they paid etc because looking at it logical it make no sense unless they are apart of it?
Mercury Vapor said
Cash Plus Cashless
“There is more evidence emerging that the failed alternative investment scheme, Cash Plus, is insolvent. There is reportedly little cash in the Carlos Hill-led group of companies and the Cash Plus overseas companies. Other assets held by the company are tied up in real estate, many of which remain idle because of Cash Plus’s precarious financial position.
This revelation supports the conclusion by Cash Plus receiver/manager, Kevin Bandoain, who reported to the court earlier this year that he and his team found over 80 Cash Plus affiliates in several different countries with most of them having little or no assets.
Apart from a balance of US$931,200.09 in Money Express Financial Services, which operated out of offices at 10 Argyle Road, Kingston 17 and had an account which remains open, the remaining balance in Cash Plus accounts is negligible for a company involved in the business of finance. Questions have been raised as to whether this account was being used to trade foreign exchange, for which Cash Plus had no licence.”
Read the complete article here:
http://www.sunheraldja.com/article/show/1492
HK1 said
Bless
PEI
Madre
If you guys are right then we do not need to worry because our money is tied up somewhere and sooner or later we will get it.
BUT if DS was really taking from Peter to pay Paul, who should carry the blame. So far we know that Cash Plus, Higgins Warner, Minvestment, and now May Daisy were cons. As far as I am concerned my issue is with the man who I gave my money to.
was V Happi said
It seem as if we have given up…..What are we going to do?……. What can we do?….
oneLuv
Madre said
I agree with you PEI, although DS was simple minded and fool, he was given a 6 for a 9. While one govt. tried to close him down he rushed to support the other who seem to have collected and are leaving him like a leper in distress. I don’t care about politics, right now it’s my investment I am dealing with.
There needs to be an inquiry about these allegations of politicians’ involvement. I remember an article by a PNP politician speaking about “children of a lesser god” I am sure both sides were involved. It is just sad that DS’s choice has abandoned him. I don’t blame DS to be very afraid of his so called politician friends. If they have collected, then how on earth can we be told that our money short or our money gone. That would reason to me that they all got our money. Nuff, nuff players in this thing, politicians, FSC and MLC and nuff of the other banks.
PEI said
HK1 although me blame DS for much of the mess FSC, NCB the politician and other greedy people also share the blame them cant miss it especially NCB FSC and the politricians. But again DS fool to get involve with some of them and now things mash up.
Bless said
HK1
You are simple minded or what? Jamica is a small country the rich people all knew about it (the inner circle) Please dont play innocent its a well design plan- after all black people believe what their eyes see – we have no sense, they cant think for themselves after all we (the inner circle) controlled their conscious mind – are you one of their discplines?
HK1 said
So are we agreed that we were too quick to blame the FSC, Leeching, the guy next door and his dog. Are we all agreed that we have been taken for a ride?
PEI said
Jansaw get a lawyer post a name already.
PEI said
Anthony Dundee things look dark. If money was there to pay we wouldnt hear about wait 9 months. From O dont say nothing official bout the so call wired funds and provide proof to members about money in hand or proof of money at Oanda me stop listen. The audit is rubbish just a buy time and you get another story. Lawyer working to get DS assets free who working for us?
hopeful said
can any one please help me out with a timeline of events for TCI and olint. and i am trying to start fromt hebeginning and make a map of events.
cuz9 at hotmail
Anthony_dundee said
ANy News on OLINT things quiet, I am a lewfam member nothing from them either
future top trader said
GUSTAV AT CAT 1 Heading straight thru us
debby said
Anyone hear anything from MD
JANSAW said
WHAT R WE GOING TO DO ABOUT ALL THIS CRAP THAT IS GOING ON WITH THESE SCHEMES……UNNU REALLY WANT DEM F GET WEY…..UNNU MUSSI MAD
Billy said
…seems like with the passing of time the intention/strategy of the main players in this game is working.
it shows up on even the blogs where there is a gradual waning in the discussions and trading of information.
all angles of speculation have been presented, tossed around and we have all come up with naught.
is it that we are expected to accept the unknown of what has happened to our money?
is it that it hurts too much to discuss it anymore?
we may have foolishly trusted our hard earned money too much to DS without proper accountability but we will not foolishly just let it go without sensible information from his camp SOON.
SO GREAT MINDS. WHO IS GOING TO TCI WITH ME?
Madre said
Maria, You are so funny. Can anyone really say what is going on with WW. How come the story keeps changing so much. Have they paid out any money yet?
What is going on?
maria said
so me wid my US$400 million a go get mine last? 4 years time? lol.
Curves said
Last week I called WW to find out the status of my money and just for the rep to tell me monies will not be paid out and they are only collecting the request and then audit each account that requested funds. Yesterday my friend spoke with an insider was told him they will be making payments now based on the smallest balances first ($300-$1000). This is some real bull****. What was the purpose of telling us that monies will be paid based on a first come first request?
Rabbit said
@Floridian – 281. Can always count on you to mix the maths and give us humor.
Mercury Vapor said
I definitely agree with you Floridian. How on earth can they pay the Cash Plus receiver US$2.5 million! That is far too much money to be giving this guy, especially when it looks like Cash Plus investors will only be getting back five cents of every dollar invested. Someone please write a letter to the Gleaner or the Herald and let people know that this is not right!
Floridian said
Michael Phelps asks Usain Bolt a question…
Phelps:- Usain… Can you fricassee???
Bolt:- No… Mi nuh good a sea, but mi bad pon land…
Floridian said
The Receiver for Cash Plus declares Hill has worldwide assets totalling J$111 million… Yet the salary him tek fi himself is US$2.5 million…
When me maths it out… US$2.5 Million times J$72 to 1 = J$180 Million!!!!
Them fi lock up Hill and the Receiver inna di same cell inna di same prison!!!
DAMN TIEF!!!
Anyway… Mi deh bout…
Madre said
That was the reason Carlos Hill sited for trying to remove this receiver/manager. His salary was exorbitant and I don’t know who approved it. Who has this authority? That is where we need to be looking. They surely ripped off poor people, this “receiver/manager”.
How can he walk away with this kind of money knowing the circumstances that exist. Is him dem need to lock up not Carlos Hill. But of course he will get away with this exorbitant salary just like how the banks are getting away with their attack on our money.
Let us pray that the same thing does not happen to Olint.
LionHeart said
@277 is this true that the receiver got so much money? Any proof, this is a scandal if anything is.. Don’t we have Lawyers/Accountants in Jamaica, why did we need to get someone so expensive given the circumstances.. Is plenty poor people money being transferred to the rich…
Bless said
Notice how the money at cash plus just a dinggle wey first dem sey 16 cents now is 5 cents but the receiver get 2.5 Million US now the liquidator if get his share and the poor people dem out fe get nothing so who is the theif here
K said
NCB full of the crap which comes out my a$$
http://www.radiojamaica.com/content/view/11069/52/
I really have to wonder about this last sentence –
NCB maintains that OLINT is unregulated and this could affect its relationship with the Bank of Jamaica and financial institutions in the United States.
LionHeart said
Even for Cash Plus – some of that 4 billion outstanding is meaningless if he was running a Ponzi, if they break it down to principal only I am sure it will be much less.
LionHeart said
The audit should clearly identify all the principal that people have invested. The first effort is to return everyone’s principal, then if money left over pay any interest accrued. If you have withdrawn all of your principal for whatever reason meaning, the sum of what you have withdrawn is greater then what you have deposited then you will get money only after all principal is paid out. Seems fair assuming money is there to do this.
David can then start a new more organized, more exclusive club for those who want to continue on.
PEI said
The statement dont say nothing helpful. Waste of time
Billy said
Is DS still on gag order and unable to tell us all how much money he has and where?
His note to OLINT TCI members only made reference to funds in Turks.
Is ALL the clubs money (ie OLINT plus OLINT TCI) in Turks??
Was a differently written letter sent to the original Olint members?
PipUNIT said
I want all my money out plus interest or he needs to spend at least 20 years in jail.
LRC said
MercV I am making ref to pressure from school.
LRC said
MercV Good morning. Welcome back. Hope your summer was good despite the pressure. Can any share what the update that O sent out? Thank you.
Red P keep the Prayers going.Hope we will all have a blessed week.
Da Zeus is loose said
Dehustle you are right on many counts about the ‘fishy’ business of FX world. Remember that many/all FX shops trade ‘against’ their clients…..so when the trader takes a loss……the cash gets transferred into the bucketshop/fx brokers account. So if da trader goes SHORT….the bucket shop takes the opposite position of the trade…the LONG (instead of sending him or her to market liquidity). They know statistically 90-98% of accounts by traders blow up…why waste that cash….just take the ‘other end’ of the transaction….its all legal in FX world…..when the account is dry….have your sales force bring in the new sheep!
Now apply that to the situation involving dem traders and fx brokers you meantioned. If 94% of an account was depleted do to bad trading…….where did the cash go? The NFA should check into the brokerage’s account for a transfer of wealth….easy way to hand off cash……’one hand washes another’…..or is it launders another?
FX is a dirty world….I hope the best for those jamaicans trading/investing….only now are the sharks becoming apparent in da water.
Mercury Vapor said
Kevin, please delete by post at 267.
Mercury Vapor said
Hill’s Assets can’t cover Debt
“Cash Plus boss, Carlos Obrian Hill, has declared J$111 million as his personal worldwide assets, which is far below the $4 billion outstanding to clients of the collapsed financial entity.
The declared sum excludes four motor vehicles, which were not assigned a dollar value. Hill’s total assets plus that declared for his companies, amount to $204 million. If this becomes available, investors would get only five cents of every dollar invested. The assets for which a dollar value was given comprised J$82.5 million and US$395,000.
A 91-page report, which was submitted to the Supreme Court on August 7 by the law firm Hart, Muirhead, Fatta on behalf of Hill, claimed that most of Hill’s personal assets were tied up in his company, Hill Group Limited, which had purchased several pieces of real estate across the island last year.”
Read the complete article here: http://www.sunheraldja.com/article/show/1457
Leaving Babylon said
Wow a letter that looks like it contains helpful information. Ok read.. uh-huh read… right, read some more… that’s it?!
Sorry I’ve been so infrequent lately. Again congratulations all Ja-racers!
chilly said
Yute @264,
Thanks for the heads up. I wish DS had a little bit more to say. For instance, why should the recent OLINT TCI members who joined in the most recent months need to wait 9 months for an audit to complete, especially if they are willing to settle for just the return of their principal.
J.A Yute said
O club members, David has posted an update on Aug 22.
Sleepe-R said
@ PEI #260…If all and sundry have not abondoned “O’s” website you can check for a statement posted last night, or on the other bus which has it already…those guys are good, negative but good.
Bless
Madre said
Hey RedP, the teenagers are not mine, I borrowed them from my sister. They are refreshing and they keep me informed.
Madre said
Well MercV, in that case I really wish it was something to bite Rogge pon him big toe, ha, ha ,haaaaaa him too feisty. Asafa is the humble one but not everyone is like Asafa. Usain just turned 22, he should rejoice anyway he feels.
BTW his mother told a story about Usain when he was younger and he cried to her when he qualified for one of the big games: he said “Mama, how mi ago run a dem big place deh?” He has come a long way and I think he is playful and fun. I am so proud of him,….of all of them.
PEI said
No body dont hear anything new on what going on with DS and O?? Is a month pass since the lawyers statement and we still have no update. DS still getting a little allowance or his money free up?. What happens after Itrade response ?
Mercury Vapor said
Hahahaha! Madre, RedP did tink sah di “gully creeper” was a bullfrog! LOL!!!
Yu know, mi shouldn’t laugh still, mi did tink sah di “gully creeper” was some kind a Duppy! Madre, when yu said “Don’t forget to tell Mr Rogge about the gully creeper” it sound like is someting dat gway harm him. Like someting dat will creep inna him room at night when im a sleep and bite him pon him big toe!
Madre said
Welcome Ronaallie. There are good people here.
Madre said
My learned friends, RedP and MecV, the “gully creeper” is the other dance that Usain is doing other than the “Nuh Linga”. My teenagers enlightened me as Usain does his numerous jigs.
Anybody hear anything from the e-mail from Gareth of Keen?
RedP said
Equality@250
Well said my friend!!
Prayer Bus Anyone? Ppl blessing ppl!! mail me cjb @ cw jamaica . com or olintdude @ gmail . com
Lionheart 232 and K 236
Jus cool, yuh money live man, it jus a ‘chill’ likkle bit.
Anybody can tell me what a GULLY CREEPER is?? Is bullfrog or lizard?? Even so it sound kinda yuck!!
Bless Up Good ppl!!
RedP
Comment said
Bolt ***correction
Comment said
I know this is off topic but just heard on CNBC that Bold and Phelps will possible be the next two big money makers in Olympic Sports not having to work for the rest of there lives if they choose to. Phelps $100 million deal and bolts $25 million US Endorsements deal with Puma and possible Oakley Sunglasses and others will put him at the top of the ranking in Tracks money earners. Very proud of his wins.
PEI said
Fraudulent misrepresentation, wrongful conversion, unjust enrichment, gross negligence, breach of contract, breach of fiduciary responsibility these are all the things that the lawyers are saying. all of these people can sue for. in O case you cant sue for trading loss but for all of the others. Remember them even admit to poor accounting and overpayment to some. also all that money them transfer to Martinez and cant get back and cant pay people is something them can be sue for. Conrad George is the man at the Hart muirhead firm.
G-Man said
Businessman files US$539,000 suit against World Wise
http://www.jamaicaobserver.com/news/html/20080822T000000-0500_139331_OBS_BUSINESSMAN_FILES_US_________SUIT_AGAINST_WORLD_WISE.asp
equality said
I realized that we are all just waiting in the wings, no news of DS, MD, CP, not even world wise. I cant believe it. We must keep the faith, never give up. Our God promised that we shall not be a shame. He working always on our behalf even when we cannot see it.
Mercury Vapor said
Re: Post 248
Huh? Madre, what is the “gully creeper”? Boy, it doesn’t sound too good!
Ronallie Sirju said
Hi,
I have been reading the postings on the site and would like to join in the conversation, hope I can add something of value
Ronallie
Madre said
Patricia, don’t forget to tell Mr Rogge about the “gully creeper”
He needs to get a life and let the young man enjoy himself. The American Athletes are usually the “showboats”. Go Deh Usain!
K said
Patricia,
nuh worry about Rogge mi did vex when mi hear it…
THen I saw this link….EAT that Rogge!!!!
http://www.nydailynews.com/sports/2008olympics/2008/08/21/2008-08-21_ioc_chief_should_thank_not_lecture_jamai.html
Patricia said
Now watch this piece of liberty tekking..the President of the IOC criticizing Bolt’s exuberant and arrogant display as well his socalled “disrespect” for other competitors..hahahaha..what a joke..
Has he ever witnessed the behaviour of the US athletes??? aw c’mon!!!….Mon. Rogge, with all due respect, go drink ah Red Stripe and smoke a spliff an sekkle yuh self. While u r at it learn the Nuh linga from Bolt.
http://edition.cnn.com/2008/SPORT/08/21/rogge.bolt/index.html?iref=mpstoryview
Good Day said
Kevin ,
Could you please email me. I have something to share with you in private. You have my email.
K said
Go Jamaica go!!!!! duss dem out…..
Anyway it seems like the investors are the ones getting duss out.
This morning I woke up to an email in my inbox with an article on the Observer
http://www.jamaicaobserver.com/news/html/20080820T200000-0500_139266_OBS_OLINT_FACES_ANOTHER_LAWSUIT.asp
So it seems like Gareth Harris whom at one point wass not only a poor trader who according to MTI lost 94% of his initial investment but also a LIAR.
So he did put money with Olint.
So the chips are now falling. Those who claimed to have no relationship with Olint are being revealed.
Yow DAVID A Smith and his echelon of attorneys need to get out something to members in the coming future, because if he thinks people are going to lie down and tek the foolishness he better thing again.
Trust mi people I hear all sorts of news flying around and I just have to dismiss them all until something officials come. As far as I can see the next official info we know is that he has a new lawsuit.
David mi a publicly tell yuh this yuh LET DOWN THE PEOPLE OF JAMAICA and those who trusted you. People haffi a turn to Usain Bolt to restore some of their luster.
futures_trader said
congrats to JA again for wining 200m womens, now bring on the relays.
DR said
“The Lint” was connected to “Keen” which was connected to “Visions”….oh really now…..hmmm? I wonder….
So “Visions” is suing….ouch! I wonder what “The Wolf” is going to say…… I don’t know if he knew about “Visions”…..Think about that!
DR said
The truth is all coming out now////
Seems like all clubs were connected!
http://www.jamaicaobserver.com/news/html/20080820T200000-0500_139266_OBS_OLINT_FACES_ANOTHER_LAWSUIT.asp
CS said
Garth Harris has returned. If you are a Keen Member (Who Garth Harris trade for), check your mail. A new email (Members Update) just arrived 2 minutes ago.
RedP said
If tings nuh right wid Olint, Supah D better can out run Missah Bolt!!!HAHAHAHAHAHAHA!!!!
Dehustle said
Now you see why it wasn’t unimaginable to the Jamaica Ego that we prolly had one of the worlds better traders
I mean this dot of an island produce world greatest sprinters, one of the world greatest musical influences, Bob Marley and I could go on
Now if only we had seen DS sprints ..I mean trades
Peace
RedP said
Jamaica’s athletes are blessed by God to achieve great feats on the track field. Give God some thanks and praise as well!!
Yow MERC V!! Good to see you back pardy!!
Love and peace
RedP
K said
LionHeart – If I am to believe that then the 3 big wig attorneys are also part of the conspiracy. I cannot imagine they want to entangle themselves and their reputation to a mess like that….
It’s nearly 2 months now and no more updates….
Jackass seh the world nuh level and trust mi a day will come when DS will get his own if he does not sort this out….
Done talk!
LRC said
Go JAMAICA. THE PRIDE AND JOY OF THE CARRIBEAN. CONGRATS. ITS CELEBRATION TIME.
waiting in the wings said
did anybody see the news last night when the PIOJ head said the last quarter there was a loss in the economy but it was due to the something. No mention of the alternative investments schemes. I sincerely believe that these men and politicians who are in power will never acknowledge the blow wow impact that this has had on jamaicans and the economy instead they will attribute it to everyting else under the sun.
the reporter also said that if the next quarter produces another decline jamaica officially will be in a recesssion. I then spoke to a minister and he said jamaica always inna recession.nuff said.
hopeful said
hold on a second, was there an asset freeze other than the documents confiscated in the beginning of this whole thing? as of today, the 20th, there is still no concrete information, or verified reports of any money being frozen. the only thing that i have been trying to ascertain is IF money has been frozen.
LionHeart said
Maybe this “Asset Freeze” by the Turks and Caicos police is part of the trick that is being played out on us…..
Another elaborate ploy to buy time and get people to slowly accept their losses and move on.
Any thoughts? I have no evidence, just gut feeling.
Overchill said
This is because people are trying to save every dollar they get hold of now, instead of spending. I guess the banks are happy, they have increased deposits now. Dont worry about the country as a whole though.
Rabbit said
Observer article mentions impact of AIS fallout:
Neil Seaton, principal and chairman of Diamond Paints, points to the fact that paint sales have been adversely affected by the fall-out in numerous alternative investment schemes, which reportedly had billions of dollars in funds under management. This, Seaton believes, has resulted in a major erosion of disposable income normally spent on paint.
“We are seeing some negative signs in the market in view of the fact that the whole financial atmosphere is in so much limbo mainly from the fallout of Cash Plus and Olint and other negatives in the financial sector,” highlighted Seaton. “We have seen marked slowdown in the type of market activity that we are used to.”
Full article @ http://www.jamaicaobserver.com/magazines/Business/html/20080819T230000-0500_139258_OBS_PAINT_MANUFACTURERS_LOOK_TO_EXPORTS__DIVERSIFICATION_TO_STAY_VIABLE.asp
Rabbit said
testing…
Rabbit said
Ditto Bruk Pakit! Forgive me if this is stale news. Just checking the news now during lunch…
Like lightning, Bolt sets record in Olympic 200m
http://ap.google.com/article/ALeqM5iruwqlX0la3yfvEXq_Ob56DJvH1QD92M3EJ00
maria said
wonder if jamaica will get 1,2 and 3 again in the womens 200 meter?
bruk pakit said
So proud to be Jamaican!! Here in the U.S., it is Ja first and then US!! I hope the Jamaican gov’t makes it worthwhile for the Jamaican athletes. My hope is that they get not just the recognition but some dollars. We dont want them seeking contracts here in the US.
On another note…the media, the blogs, the pigs, the investors, nobody seems to have any recent update on the court proceedings in the turks an “kick us” as Floridian named it or any word from DS. What’s up ppl?? Anyway, no news is better than bad news, right!!
I’d love to be in Ja. when the athletes return. I can just imagine the excitement!! Celebrate for me guys..two coconut water as I am not a drinker..and two hellshire fish!!
Future Top Trader said
which 1 more Gold, is 3 more GOLD jamaica ago get 4×100m for both women and men and 200m for women. all are guaranteed, once nothing bad happens.
jahbilly said
215 Geotrdr
Whats so difficult?
futures_trader said
congrats to jam down again, you representing well in Beijing….I guess the partying going on for a while
Long Time Reader said
Can someone post a video link to the 200m – Bolt.
PEI said
4 GOLDS DOWN..AT LEAST 1 MORE TO GO !!
PEI said
2 GOLDS BACK TO BACK SWEEP SWEEP …YES IS DI YAM !!!
PEI said
BRAP BRAP BOLT IT DOWN BIG TIME !!!!
MELAINE WALKER OF JAMDOWN JUST WON THE 400M HURDLES BRAP BRAP!!!
Tito said
Another Jamaican world record!
freshnews said
Noel Strachan bought a 1.5
acre property in Davie, Florida. I think the estate is called Kapok Estates valued close to $1.9 million. Not sure of the other properties he has supposedly bought in the past year or two. But doing diligent research and will post more when/if I find out.
Geotrdr said
@203
Well a taped convo with identified ww rep would be something they would probably be interested in. If you have it already…good. If not you better hurry and do it because I’m sure they have people reading this blog..lol. Probably NS himself.
206
Jahbilly,
If it were only that easy.
Yardman On Wall Street said
Hedge Fund Founder Ordered to Pay $300 Million
http://www.nytimes.com/2008/08/20/business/20hedge.html?_r=1&ref=business&oref=login
He hid the losses using false accounts and bogus account statements that showed huge profits.
equality said
Hi, can anyone say whether or not anyone has received payment from world wise? Also, I have an emergency and need to get cash like yesterday – who can I speak to or email. Please give email address. Thanks.
chilly said
Mercury Vapor @210,
I am not sure why folks are assuming their clubs will be able to make encashments once the funds in the Turks are unfrozen. Funds held in the Turks are either in transit funds, personal funds of DS, or funds belonging to TCI FX. If DS started paying from those funds, he would start a fire he would not be able to put out.
Anthony_dundee said
HI all I am a member of Lewfam, I cant ake heads or tails ofwhat is going on so many rumors can some give me a rundown of the facts as to the delay in encashments. I know very little.
Thanks
G-Man said
I doubt that that is the case as Mr World Wise is spending millions of US$ buying up properties in the USA.There is money but it just not coming our way.
Mercury Vapor said
Hello everyone…especially to RedP, Patricia and LRC. I’ve been away for quite a while, just too busy to post on the blog often. I’m reading through the blog now and trying to catch up.
I see a number of people talking about WW and the fact that they’re not paying. I thought we were all in agreement that WW has their funds in Olint, and maybe even May Daisy as well. Since those investment clubs are not paying right now, I don’t think WW will be paying. When Olint’s funds are unfrozen by the TCI government, then WW will have access to their funds, and then they’ll start to pay.
It seems that what WW has been doing since January is using various stall tactics to buy time…while hoping and praying that Olint’s funds get released soon. That’s the way I see it, but hey I’m not an “insider” so I could be wrong.
MAD said
Noel R. Strachan & Judy R. Strachan purchased a house for $1.8 million USD on 6/10/08. The house, which is 7,157 square feet, is located at 12608 S. Stonebrook Circle, Davie, Florida.
hopeful said
sorry guys, im a litle lost… who is NS?
PEI said
Dehustle sound like you take DS and O to court already.
KEEPIN THE FAITH said
1, 2 3 TITO WHERE ARE YOU. TITO TITO OVA!
Dehustle said
I guess we are all gonna stay here and chit chat while some property is transferred into other ppples names and some property is sold and funds transfered to Switzerland (who even the Great Big USA have difficulty getting to cooperate)
jahbilly said
Good that NS has bought property in Florida. I would suggest putting liens on the properties, if you are owed money.
maria said
i’m still asking for word on the case olint was supposed to have in court last week. anyone?
Curves said
I think we should call Mr. Perkins
Fancy D said
Geotrdr:
I can bring them a tape recording of my conversation with the representative
Geotrdr said
You have every right to be vex Fancy D but I hope the “man” you thinking of sending is a lawyer.
I’m not in TV or print and I don’t know how the papers/tv will take to a “they told me this story” right now. I’m sure they must be getting tonnes of that. Now if you have something more solid as to what was said then it may be more valuable to them. Also, as you can see, a lot of information has been uncovered about NS’s recent purchases, a lot of which is public record. Basically, the more factual stuff you can bring to them the better.
Best of luck to you Fancy D.
Curves said
WW is very misleading if that is what they told you. This should go public if they are schemers. I also received email from Williamson and they said no trading was conducted so returns returns will be given for July. A set of tief and liars.
Fancy D said
I dont know all I know is this….I live in the US and I am coming to Jamaica next week and when I do….my first visit will be to the newspapers and CVM because I am going to tell them EVERYTHING that was said to me in the telephone conversation and I want them to broadcast it….this nah go so…I neva got a DOLLAR back from HW and WW NOT gwine do me that do. I dont care if I have to send a man fi Noel.
DR said
New Maths……. 1 – 2 – 2: wow back in the days we use to count 1,2,3; You can always depend on us in Jamaica.
So the 4 by 1’s (men and women) should be ours too….along with both 200 metres…..
Who knows we may take 1,2,3, in the women 200 metres…..I wonder…
That looks like 6 GOLD…..
Just helping to ease the stress!
fyier said
Fancy D that is so misleading and sneaky. They are simply giving us a brer nancy story. Of course people were going to think that funds were going to be released after the August 5th date, they did that deliberately. What is the point of promising people a 2 month audit followed by better service if there is no intention to follow-up with payment. If all they are doing is taking request and not honoring them, then why is there a 50 request per day limit? This just ticks me off real bad that at a time like this when people are vulnerable and on edge that not so wise is playing dandy shandy with people emotions and money.
Geotrdr said
@193
PEI are you looking to select a broker for Forex trading?
@196
Bwoy is one hell of an audit going on. How much months August make now? Sorry to hear you didn’t get any where Fancy D. Where are the representatives working out of now?
Fancy D said
Hi Everyone,
Has anyone here gotten payment from WW yet? I called them the other day and was told that they stated they “Would start TAKING REQUEST on the 5th of August” that does not mean the “will START PAYING” and the representative proceeded to tell me that they havent actually start any form of payments yet and she doesnt know WHEN they will start as they are still Auditing
maria said
i could be wrong but the figures i see therein are over a year old. i had a concern stemming from something i heard on this blog re my broker and i wrote them. documentation was sent to me which put my mind at ease.
PEI said
people must think me mad. never realize me leave of the link. Sorry. K and you guys take a look
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=print_topic;f=8;t=000519
PEI said
K, Geotrdr and Leaving bab. Can you bigger heads in this fx thing take a look at this link. WHat it really means ITrade? It look like last summer them was in some serious trouble?
PEI said
This was in the Observer
Banking in Jamaica continues to be one of the most lucrative businesses conducted in the island. The two major banks, Scotia Jamaica and National Commercial Bank, have seen their net profits increase exponentially over the past few years. For the first nine months of this year, the NCB group is reporting a net profit of over $6 billion of which the bank itself provided $4.5 billion. You can be sure that the Scotia group is not far behind. Other banks and near banks continue to rake in good profits as well.
http://jamaicaobserver.com/columns/html/20080815T200000-0500_139093_OBS_THE_BANKS_MUST_DO_BETTER.asp