[e-gold-list] e-gold - the safest place to keep your money

[James A. Donald]

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Ian Green wrote:
 > If people cannot spend or keep or remove their own
 > gold from the system (via an exchange provider)
 > without the risk that another unrelated transaction
 > could lock the exchange providers, or their own e-gold
 > account, then there is a serious risk of a sudden and
 > overwhelming collapse of the entire digital gold
 > economy! (This is a risk to EVERY DGC business and
 > shareholder.) {Reading ahead in this thread, and
 > judging by the respectable people also concerned about
 > this, I would have to say that the rapid loss of
 > confidence has already begun - and rapidly increased
 > with the blocking of the Iranian accounts - and I
 > wonder whether the US government shareholding of
 > e-gold, combined with agency conspiracy means that the
 > US government is forcing e-gold to self-destruct - and
 > repossessing the entire quantity of gold for the US
 > government in the process?!}

I don't think the US government is that clever.

A more likely scenario is that someone in the DEA or EPA
seized a large chunk of gold for his own personal
benefit, so much that if e-gold accurately reported the
situation it would suffer a run.  E-gold then attempts
to vainly curry favor with the government by ratting on
its customers. - an entirely hopeless endeavor, which
merely generates more justifications for further
seizures.

If so, this was a highly probable outcome of maintaining
a substantial presence in a country where officers of an
rapidly increasing number of government agencies are
empowered to seize assets for the benefit their own
particular branch of the organization, which in practice
tends to result the assets being applied to the personal
benefit of the person doing the seizing.

     --digsig
          James A. Donald
      6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG
      rRqSqwcz22deFSoq+iYK1CYmSzyHRflVttHQg7hw
      4FsNU2kUot1XCZgEx/ffi3UZgaJtkcFSXSkuzLW74


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