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A Scam That Keeps On Rolling

submitted by Willow Arune (1998)

"Have I got a deal for you. You see, the banks have been making money for years - massive profits - authorized by treaties after the World War Two. They issue debentures and letters of credit and trade them amongst themselves. This is controlled by the IMF; "traders" have to get a number from the Federal Reserve in the United States. They trade bank debentures issued by the top 100 banks. Sometimes (or in the alternative) short term letters of credit. The volume is very high, and the trading takes place in tranches (derived from the French for 'slice'). Trades occur in cycles, and every trade makes a profit. In a few days, you can make a fortune..."

Or lose it, your house, farm and retirement plans. In fact the option to gain is not present. Just say, you will lose it...

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Of Social Contracts and Government Sell-outs - Free Trade Area of the Americas Treaty

by: Richard Pitt

This article was inspired by the Intellectual Property section of the proposed Treaty.

 

In my readings recently there has been quite a bit about the fight between "rights holders" and their potential customers, including "the general public." The problem is the "disruptive technologies" used today to store, transmit and reproduce creative works such as text, music, photos, etc.

The market for "copies" has changed very quickly. The business that made its money by the fact that it controlled a copying facility (first a record pressing plant and now a CD duplication center) and distribution facility (wholesale CD distribution and/or retail outlets) now finds that the distribution facility is being bypassed (by the Internet) and the copying facility is included on virtually every PC sold today and is no longer unique.