> Nothing wrong with that at all. Untill three HYIP crooks who read this > list put their heads together, that is. > > Then it's still free market and nothing wrong with that either. Then a few > hundred investors get burned. Free market, tough luck.
Here's where we disagree, and probably where I disagree with some anarcho-capitalists: When HYIPs take someone's money by promising them high returns, and then failing to deliver -- that's fraud, and should be punished. Right now, no government agency, (or any other private agency, I might add), is prosecuting criminals in this area, and hence the criminal element flourishes in this area. It's not a free market. A free market is one where people voluntarily associate. To voluntarily associate, these things need to be observed: 1) The right to private contract shall not be infringed. From the US Constitution: "No state shall ... pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts ..." 2) Violations of contracts need to be punished and compensated. When some HYIP promises 45% return per month, and then fails to deliver without any caveats, then this should not only be a violation of contract law, but also of criminal law, and the people behind such scams need to be tried in a criminal court and then make restitution to their victims. If you enforce and uphold the contracts that private stock exchanges make with their customers, then you don't have HYIP crooks, and you don't have people getting burned. Sincerely, Craig --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
