Or a street corner ...I too commend your spot on analysis MichealR!! And Mike, too, your comments I agree with 200%!Originally Posted by Offshore-Wealth.com
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02-02-2006, 07:03 PM #31
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02-02-2006, 07:36 PM #32
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Nice job Michael........
Very Tastefully said.............
forely
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02-02-2006, 07:54 PM #33
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MichaelR,
I applaud you!
That's the best post I have read in months.
Thank you for putting your insight and perspective into words for all of our benefit.
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02-02-2006, 09:27 PM #34
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Quote:
Originally Posted by michaelr
You are quite correct. Some members have already done very well indeed out of Pips and received big cheques and wire transfers month in, month out. Some recruited from day one as is the habit with died-in-the wool MLMers. Others were wary of telling others about it until there was a long track record of success. When people want to share their good fortune with their friends and family they are always placed in this dilemma. Suggest it too early and they could be perceived as self serving get-rich-quickers and too late and the opportunity could pass.
Ironically when the point came that Pips was more stable and successful than ever the Banks got scared of the sheer volume of the transfers and were forced by the regulators (under the guise of money laundering and anti terror legislation) to screw everything up.
It goes without saying that the responsibility for making the decision to invest rests entirely with the investor. Having said that the Nanny State Society in which we live appears to have clouded that premise to the point where some people wish to blame anyone but themselves when things go awry. Bad luck, Acts of God, misalignment of stars etc don't come into it any more. It WAS Frank Williams fault when Ayrton Senna died, remember?
What does seem strange to me though is that every day millions of dollars are "invested" in HYIPs many of which make no secret of the fact that they are Ponzi schemes and fly by nights.
These are gleefully passed on and recommended to friends and family with not a care in the world. When they collapse it is barely worthy of comment and it is on to the next scam. The criminals who run them are seldom caught and prosecuted. They merely close one site and open another. Those who do DD see the evidence of this practice in the IP look-ups. So these are seen as a bit of fun and a challenge. Get in quick and take others money to get ahead and jump out before the fall happens is the mad game of chicken that some people play every day.
Pips however was a real business with real office, staff, their own data centre and publicly available telephone numbers answered by real people. They presented themselves at annual conventions with justifiable pride in their achievements. The staff made no secret of adoring Bryan. Charities the world over were benefitting. The business itself was ground breaking. Unique. It went where no businessman had dared (or perhaps more accurately, CARED,) to go. It laid down challenges to the institutions and the politicians who pretend to have all our interests at heart that must have been deeply unpalatable.
Now I am quite certain that those who did well DO understand completely how those who came in too late to benefit feel.
What they may have difficulty with is a number of traits which are regularly shown in these pages.
1) The tendency to blame others for their own decisions should they turn out to be mistakes.
2) Specifically to blame Bryan Marsden who is a thoroughly decent man who has more humanity in his little finger than most men.
3) The inability to understand the difference between HYIPs and Pips.
4) The lack of respect for Bryan Marsden shown by people who clearly think they have missed their true calling and should all have been CEO of Pips and would have made a far better job of it.
5) The sheer lack of understanding of what is involved in a full scale National Central Bank investigation and the resources consumed in such a case.
6) Perhaps most astonishingly the assumption that a re-structure of a multi million dollar corporation can be done in five minutes on the back of a cigarette pack without the use of staff, offices or computers, databases, Banking facilities or accountants.
7) "The right" to receive "regular" communications. Where did that come from? If there is nothing much to say what should he do? Invent some news just to appease us?
As far as I am concerned there was only one man with the vision to start this up. His business plan was plainly seen to be working before and can work again once all the Compliance issues are worked out. That man is working on the solutions and it is in everyones interests to just let him get on with it with out interference or distraction. He knows what he wants. He knows what poverty stricken children in the Third World need. He knows what we want. He will deliver if it is possible.
If it is not to be then he should not be criticised for failing but should be praised to the skies for trying.
Just my two bobs worth as usual
Michael
Michael that was well written. It is however, all based on the assumption that Bryan has been telling the truth from the beginning. If he has been telling the truth the entire time then your statement is very correct. If he has been doing something other than what he said and leading all of us down the garden path, then he should be prepared to experience the backlash of that.
No one but Bryan and the investigators know the real truth of the situation, but I for one do not think it looks good.
Gus
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02-02-2006, 11:57 PM #35
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Interesting thread!
Nice one Michael!
Sir Charles
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03-02-2006, 07:52 AM #36
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Originally Posted by gusperry
Well written post MichaelR, it took me back to the great days of pips.
Reluctantly, those days are gone. But now the matter is no longer in Bryans hands.BNM are the ones who will decide the fate of pips.
We can only wait and hope...
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03-02-2006, 10:05 AM #37
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Are you sure there IS actually an investigation . . ?????????
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03-02-2006, 10:22 AM #38
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According to bank negara's web site there is an investigation.
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03-02-2006, 03:39 PM #39
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Originally Posted by gusperry
We all need to open our eyes and realize that it isn't Bryan that is holding us back....but those in power who don't want him to upset the apple cart.
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03-02-2006, 04:17 PM #40
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Originally Posted by jjm
You said a true word there, my friend !!
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