Dear Sirs,
I sincerely thank you for your posts, and for the points you have brought up. Please accept my humble reply and know it is made in the most respectful manner.
First, I would like to set forth an absolute and unequivocal truth:
The issuer of these financial artifacts flatly denies their existence. Thus, according to the issuer any such artifact brought forward must be counterfeit. Simply call up the issuer and ask. There can be no argument on this point.
From this basic truth the following can be stated:
While any note claiming to be from the issuer would surely fall within official scrutiny, there would assuredly be no "authentication"
(other than pronouncement of it being counterfeit), no chance of approval, no licensed buyers assigned by any official government agency, and certainly no bank or "private placement programmer" since such constructs are beyond the activities of any U.S. bank to my knowledge. I cannot comment on such things as Humanitarian Foundation concerns, for there aren't any.
The reason why these things are impossible, as well as such notions as "redemption program" and "government recovery programs,"
should be obvious: If the issuer flatly denies the existence of these financial artifacts, it can never lend its authority to anyone in the effort to recover these artifacts. To do so is an admission these artifacts are legitimate, or at the least give credence to the argument that they might be. If proven to be real, these artifacts represent potentially thousands of trillions of dollars in governmental debt. The
combined wealth of every government on earth would not suffice to retire such an obligation, much less the original issuer.
The issuer can never, in any way whatsoever, even hint that these are real obligations. Under no circumstances would it ever give official license or authority to any of the above-mentioned entities (redeemers, etc.) which could be used to build a case of responsibility.
Still, while outside the control of the issuer, these artifacts are a potential liability and it is in the best interest of the issuer to have possession of its assets. But any process of obtaining these artifacts would of necessity have to be of the utmost private in nature
with extreme distance from from the issuer.
My original post offered to purchase such artifacts in a private transaction. A private buyer may purchase what he wishes. It is his business what he chooses to do with the thing he purchases, whether he wishes to keep it or sell it to someone else with an extreme need to to possess it. A private buyer's connections and business network is his own business. It is enough for the seller to know that there is a buyer for his property and that the potential transaction will be fair, safe and lucrative. The artifacts we purchase will always be genuine according to the standards we set -- another attribute of a private transaction. A private buyer always sets the standards for the article he is purchasing. If those standards and attributes coincide with those of someone wishing to purchase the article from the buyer, that is no one's business but theirs. One thing is certain: the buyer's procedures are absolutely and perfectly safe for all parties.
We have been involved in this activity for over ten years. A great deal of money has been invested in perfecting a business construct which is safe for buyer and seller and is based in reality. The business as it is generally believed and expressed (and characterized by responses to my post) is a myth -- it can't exist that way for the simple, logical reasons spelled out above.
In closing, please allow me the following points:
--As stated a number of times, we are a private buyer. Specifics of our construct are available only to sellers. We would never broadcast such things as which banks makes payment, documents for transport of artifacts or any specific procedures on a message board -- even one as professional, informative and enjoyable as this one. It is enough for a potential seller to know that all these details and many more have been worked out by professionals. I think it is fair to say this would be the position of practically any private business organization operating in a particularly sensitive field.
--As stated above, our business construct has been in existence for ten years. Real notes have been purchased. With all due respect, we have no need of explanations of the "mechanics." There is no nice way to say it, but the mechanics expressed in response to my original post do not mirror any reality we have observed. I truly say this with no hostility, but readers of this site need to be freed of often-repeated fables. They can be truly dangerous should they lead one into a sting operation or theft or even more detrimental circumstances. Terms such as redemptions, recoveries, licensed this or that, government approved or sanctioned, humanitarian foundation, private placements, immunities, etc., etc., are all part of the black-box broker mythos, comparable to TTM, RWA, mandate, authorized facilitator, etc., etc., in other areas of business that have fallen prey to the ubiquitous internet intermediary.
--No, we aren't going to prove anything to anyone on this message board. I say this because it is a certainty it would otherwise be the next rejoinder. As stated any number of times previously, we are a private entity. Like any private entity we don't simply open the books for the whole wide world to see for any number of reasons. For one thing it simply would not be ethical regarding our past clients.
For another, the world is full of nuts (although I'm sure the fine purveyors of this fine site have many fewer such cases). Clients, sellers and the buyer itself are protected contractually, just as in every other business arrangement, whether it be purchasing a new car or
having one's cat neutered. For a real seller, everything will be made very clear and substantial in black and white at the appropriate time. Entities perform and hold up their end of the bargain because contracts force them to. In this way this business is similar to almost any other.
Regarding the request to post the image of a real note, it would not be useful to anyone. Perhaps it would be useful to dispel another myth I often see. No one can take a look at a note and say definitively whether or not it is real. The authentication process of note graphic image is painstaking, expensive, laborious and time consuming. This is an extreme specialty area of expertise which only a bare handful of individuals and firms are qualified to undertake. Barring the obvious fakes -- such as Woodrow Wilson wearing an Indian head dress printed in fluorescent green on black crepe paper -- very few could tell the difference between the real thing and a good copy.
It should also be pointed out that lab analysis of paper and ink is not definitive. Paper and ink from the correct time period still exists and is often seen in counterfeits. Likewise, numbers corresponding to some official list verified by some "licensed" official of some sort
are not proof. Counterfeit notes bearing real numbers are often seen -- they are simply counterfeits of real notes. Also, there is no
"X-ray" examination of a box which can prove authenticity (this is perhaps my favorite of all the myths). Authentication takes into account all of the above (excluding the X-ray thing) with emphasis on image analysis. Finally, showing off purchased artifacts is just something which isn't done (once again, private buyer who determines its own policies).
I'm afraid I can say no more than I've said. I admit I used this forum as something of an advertising outlet to alert potential sellers of an avenue they might use to monetize their artifacts, and am greatly appreciative of the opportunity to do so. I did not intend to initiate
a discussion on the subject in general, nor debate various views of the business.
Once again, anyone wishing to learn more about selling such financial artifacts in a private transaction with proven, safe procedures should contact me off board at my email address:
fogmoe@gmail.com
