Hello all! I hope you’re looking forward to your regular daily news update from the HYIP industry.
You might be wondering why there was no update on my blog yesterday because I regularly publish updates on a daily basis. Well, there was a reason for that which was simply a lack of news. I would prefer to publish when I actually have something to report and the current lull didn’t leave me much choice but to skip yesterday completely.
Anyway, we will start today’s news with a typically detailed update from the admin of ExoticFX. I must say that I have already sent interview questions to the admin of the program Charles so I’m hoping to have it published on MNO some time this week. This is really exciting news to me because ExoticFX is one of those programs that many experienced investors would instantly recognize a potential and very likely industry leader. And this is not only my opinion but also the view of many experts in this field. ExoticFX was already reviewed on MNO (click here to read it) and I must say that it took me a lot more effort to research them compared to the vast majority of HYI programs due to the abundance of many interesting features they offer. Even the investment plans offered by ExoticFX are quite sustainable and I must say that any investor willing to make a deposit via AlertPay, HD-Money, GlobalDigitalPay or LibertyReserve will be able to find at least one plan suitable to his own needs. So if you’re a fan of daily payouts you might want to have a closer look at 1% for 120 business days, 1.2% for 140 business days, 1.45% for 160 business days, 2% for 180 business day plans offering principal back on expiry. If you prefer faster profits and don’t mind waiting till expiry then your choice would be 1% daily for 2 weeks, 1.28% daily for 4 weeks, 1.55% daily for 6 weeks, and 2.3% daily for 8 weeks with a lump sum payment available for withdrawal on expiry.
If you remember the previous updates on MNO you know that over the weekend ExoticFX was under an extensive DDoS attack that has been successfully mitigated by their hosting provider Dragonara. It looks like some competitors don’t want to share their piece of the pie with some of the more promising newcomers and are possibly very concerned that a strong competitor might take the #1 spot in the HYIP industry soon. As you know there is real ground for such concerns because Charles doesn’t really sit on the fence waiting for new investors to come along. On the contrary, they constantly develop their site adding new features. In today’s newsletter it was announced about the creation of its very own blog where the members of ExoticFX can be kept updated even if for some reason they can’t access the main site (the blog being hosted on a different server which can be accessed here), the utilization of the MaxiVote feature where members can vote on all the monitors at once with one single click, the update of a Top 20 Traders chart where you can borrow the investment strategy in ExoticFx used by their top members and the beginning of the EFX Trading Society chat room where you can talk about common interests and experiences with your fellow investors. As usual, the latest newsletter from ExoticFX was accompanied by the latest e-currency news, since the program is allegedly involved in the ForEx trade. Here is the news in full:
“EFX Members Newsletter 3/07/2011
Well, we had a lot of work to do over the weekend and fortunately, we were successful in our completion of it.
DDoS Attack
For starters we experienced a DDoS attack on Friday that lasted throughout the weekend. We were fortunate that our protocols allowed us access long enough to complete all pending payouts on time. During the weekend we modified our DDoS protection with the wonderful help of Dragonara and were back online in no time. It took some time to properly be available everywhere in the world, but it was successfully accomplished.
It amazes me still that a program only 16 days old has attracted sufficient attention as to warrant an attack at this stage. We must be doing something very right to instill this level of fear in our competitors to initiate two separate DDoS Attacks our first two weeks online from two different sources.
Top 20 Traders
We did have to put off some of the work we were doing on the Top Traders page. We have to finalize modifications to the scroller and then the page will be accessible from the website. For now, if you would like to see it, you can use the direct link https://www.exoticfx.net/top_traders.php
The Top Traders page was designed to depict the Top 20 largest depositing investors’ choice of Investments, Compounding and Reinvestment selections as well as Daily Interest and Total Return to date.
This information is pulled directly from our script and does so in real time. No personal information is displayed. Those of you that are a part of the Top 20 will see only your investment choices and selections as stated above and will have no privacy loss as a result.
MaxiVote and Monitoring
MaxiVote is a part of our Monitoring program. You can use MaxiVote to support ExoticFX by adding your vote and replying to 19 monitors with a single click by visiting our ‘Monitors’ page at the ExoticFX website. We would really appreciate your support. We know many members dislike the monitoring process and for good cause. Our position is this: Thousands of investors utilize the monitors to determine the legitimacy of online investment programs. By voting and supporting your favorites you are assisting those individuals to make choices. If you feel we are a wise choice then you should assist others in locating us. Do your part as an ExoticFX investor and support ExoticFX by voting.
EFX Traders Society
We would like to again draw your attention to the new chat environment we have added to our program. The EFX Traders Society was designed with our members in mind. Many members were coming to our Support Room and ‘hanging out’ to chat. While we thoroughly enjoy having you, there were times that members needing support were left to wait. We prefer to maintain members in need of support as top priority but do not want to lose the company of those enjoying the room.
Now we have both bases covered. Support can be handled without interference and those that wish to become acquainted have a place to do it. Please drop in and introduce yourself and become familiar with the EFX Traders Society. We think you’ll find your new favorite place.
EFX Blog
The ExoticFX Blog should be saved in everyone’s Bookmarks and subscribe to the blog to automatically receive all posts in your email. For members this is critical. Anytime our website is inaccessible, the blog offers you a resource for information and a backdoor access to ExoticFX Support. Our Blog is hosted on a separate server so that you will always remain informed.
You can thank our support staff for the creation and operation of the blog. It was a great idea and is fast becoming a very popular location for Currency news and Reports involving serious threats to your liberty as well as your pocketbook. Be sure and take advantage of the ExoticFX Blog as a wonderful source of extremely vital information. Once you do, you will not want to be without it.
Important Currency News
Watch for Short Sell opportunities with this Currency Now!
In 1923, the cost to buy a loaf of bread was several billion. To purchase eggs, fabrics, sugar – basically anything you needed would take a couple billion more.
Every single day prices were doubling. To keep up with rising prices, workers had to be paid as much as three times a day.
Each month, inflation was rising by 29,500%!
This was the nightmare Germany faced in 1923. This was one of the worst cases of hyperinflation in the history of the world. The Germans have been afraid to do anything to inflation ever since.
Is it any wonder that the Germans are a little nervous because of the recent spike in commodity prices?
And this issue directly affects the currency market.
European monetary authorities are getting ready to fight inflation. If we are ready, this will mean a fantastic opportunity for profits in certain currency plays.
A Full Throttle Economy
Today, the good news is, Germany’s economy is booming. The bad news is, inflation is also on the rise.
Consumer Price Index measured inflation is already much higher than the European central bankers would like it to be. Inflation is above the European Central Banks’ (ECB) threshold. The problem is official data intentionally underestimates the figures.
The official inflation rate is being adjusted by Unicredit Bank, one of the major banks in Europe. They are placing more weight on goods people buy most often, such as fuel, food and clothing.
Using this tactic makes ideal sense. The true level of inflation is more likely to be reflected. However, it has concluded that prices in Germany are rising almost twice as fast as the official rate.
The employment situation improved last month as much as three times faster than the market expected. The unemployment rate is now reaching a 20 year low.
Bigger wage increases are already being pushed for by the German unions. A 6% increase, for workers at companies such as Volkswagen, is being asked for by the country’s IG Metall union.
ECB is scared of this demand for higher wages. Plus, the rising commodity prices make things worse for the central bank.
History May Repeat Itself
We can visualize how things will play out because we have seen this before.
There was a major rally in commodities in 2008. Oil spiked to $140 per barrel. The euro also surged in expectation of higher interest rates at the same time.
The fear of inflation was increased with higher oil prices which forced the ECB to hike rates in July. Looking at the chart below you can see it didn’t take too long for the euro to drop.
Euro fell with ECB rate hike
The financial crisis escalated shortly after the rate hike. This forced the ECB to cut rates again to a record low. History may very well be about to repeat itself.
The threat of inflation will escalate in Germany if commodities keep rising. The ECB may again hike rates at the wrong time like it did in 2008.
The global financial crisis was behind the euro decline in 2008, but this time I suspect internal imbalances will do the job.
How will this affect the PIIGS?
The inflationary pressures will only get worse with soaring commodity prices.
That’s why the signal has been given by the ECB that it will raise interest rates if inflation fears spiral. And this is what has been forcing the euro higher lately.
It would be very appropriate for a booming Germany economy to see Higher Interest rates. But it could be a serious problem for nations that are slumped in a recession, such as Greece and Spain.
While employment in Germany keeps getting better, Greece and Spain have seen their unemployment rate more than double in recent years.
But this doesn’t really matter to the European Central Bank. They will always do whatever is best for Germany.
For the PIIGS (Portugal, Ireland, Italy, Greece, and Spain), Higher rates will make life a whole lot more complicated.
Right now a rate hike is the last thing those countries need. It could very easily send them into a severe deflationary situation.
Saving Germany will damage the PIIGS and the Euro
And therein lays a problem. Countries in very different situations are forced to utilize the same monetary policy.
The European Central Bank has to decide between saving the troubled nations and fighting inflation in Germany. With a booming German economy and rising commodity prices, coupled with the ECB’s natural inflationary fear, the Central Bank will most likely pick the second option.
In our opinion the euro is going to fall from here. Be very watchful for shorting opportunities.
To sum it all up: Higher rates will push the euro higher in the short-term, but in the long-term, it will come back to harm the troubled nations. Stay short with the euro!
ExoticFX – Just profits!
Best Regards, Charles Martinsen
ExoticFX Admin”.
Me and other members of GreenBackShares are eager to find out when the site is going to get back to normal, in other words when payments to LibertyReserve are to be resumed. Well, so far I must say that I haven’t received anything to my LR account despite the admin’s promise to resume the payouts on Monday-Tuesday. In the latest email Jeremy, the admin of GreenBackShares (interviewed here) again assured me that the payouts were on the way and that the funds to their LibertyReserve account suffered after the recent hacking attacks were coming from different sources. Unfortunately yet another hacking attempt was detected today from somebody trying to withdraw money from a fake deposit made via AlertPay, so the decision to disable instant payouts taken a few days ago was totally legitimate under these circumstances. I can see that GreenBackShares (reviewed here) have also started a migration process from Dragonara to BlockDos servers due to some unknown conflict with that hosting provider. Anyway, such a move might not be a bad idea if the security of the program on the current servers has been compromised. I will keep MNO readers updated with the situation with GreenBackShares and let you know as soon as I find out about the resuming of payouts to LibertyReserve. And here is the latest news that Jeremy reported to me today:
“Hello Paul,
We will begin LR payments today for sure. We have also initiated 2 backup exchanges from STP and AP yesterday, just in case.
The LR exchanger we placed our main order with is having bank account issues right now, but we trust them and know it will be fixed soon.
Just to be on the safe side, we have ordered the 2 extra exchanges, which should be completed no later than this evening.
2 new interesting events just happened today:
Dragonara decided all of a sudden, without any warning, that they no longer want to host our DNS servers and our site was just not working. Please note that this was a service agreed upon from the beginning and also paid for in full.
Fortunately, we were able to quickly fix this by changing DNS servers. This is the second time that Dragonara causes us unnecessary trouble since our problems began.
We will be switching to BlockDDos hosting with the new website, as this lot of hosting crooks have become unbearable.
And second… the admin of herbux, support@herbux.com, tried to steal AletrtPay funds from us through the GC script, but failed miserably. He somehow “deposited” $7000 to his account and tried to withdraw. Fortunately, all automatic payments are switched off.
Paul, you can post this exact email as a news update from us, as I wouldn’t want to be posting this directly on our Dragonara server … never know what might happen…
Best Regards, Jeremy”.
Unfortunately, last night I had to move FutureTrails to Problem status on MNO due to some complaints for the last two days. Despite I was paid last time from FutureTrails on Sunday it looks like only selective payouts were made and the vast majority of members received nothing. The only payments reported from FutureTrails now are those to monitoring sites and the small payments to AlertPay. It looks as if LR payments to regular members totally stopped making further deposits unwise. Pointless in fact. Anyway, FutureTrails has been an enormous success with members and lasted for over a year. That was definitely one of the biggest short-term programs for the last couple of months which used to pay 18.5%-22% for 6 business days. I’m sure that many investors were in profit from them but as all HYIPs FutureTrails was destined to collapse eventually which has almost certainly happened now.
I am glad to report that EliteAlliance (reviewed here) is still paying fine and I was paid my 160% after 1 month profit on Sunday. With the recent collapse of FutureTrails I believe that EliteAlliance has every chance to replace it and become one of the biggest programs offering short to medium term returns of 111% after 7 days, 125% after 14 days, 160% after 1 month, and 260% after 2 months. EliteAlliance has a very interesting concept of a private investment club (you can read my detailed interview with the admin of the program Leon for more details on that here) and accepts all the popular payment processors including AlertPay, LibertyReserve, PerfectMoney and SolidTrustPay. The minimum to invest in EliteAlliance is also quite affordable at $10 for each plan that also adds some popularity. The payments from EliteAlliance are always processed within 24-48 hours of making a request but to join you have to register under a link from an existing member as it’s a private club available by invitation only (to join under my link please click here). EliteAlliance became #5 on MNO monitoring already after being listed for slightly over only a month. I hope that it will reach #1 on MNO soon because they’re is really worth it.
Please don’t forget that tomorrow, Wednesday, 19:00 GMT (London time) all the registered members on MNO Chat will be able to put some questions to the admin of MidasGoldFund Warren (interviewed here). I remind you that some of you might receive cash prizes during the Live chat session, so make sure you have open accounts in MidasGoldFund in case that happens. Please note that only verified members of MNO Chat will be able to participate in the session, so make sure you have an account there. The registration process on MNO Chat will only require your email address and your status will be set to active after I personally approve your account. This is to assure that the discussion of MidasGoldFund (reviewed here) will flow in a more friendly manner. To those who want to know more details about the program I’ll remind that MidasGoldFund offers 1.7%-2.7% payouts for 30 calendar days with the principal returned on expiry and accepts AlertPay, LibertyReserve and PerfectMoney payment processors. The first principals on expiry have been paid already and fulfilling his promise we will have the admin of MidasGoldFund Warren live on MNO Chat tomorrow. Please come yourself and spread the news to all your friends as I believe we will have a lively discussion!
For the last 48 hours I was paid by the following programs:
ExtraIncome, ExoticFX, ForexTradingTeam, ReProFinance, EliteAlliance, InvestPlatforms, Agromatica, BestProfitInv, GorgonProjectInvest, WallStreetCompany, PermanentProfit, FondosMayores, DenXon, FirstMonetaryFund, GainBucks, ViscoCorp, OilCapital, CorpBayGroup, ImperialFund, MidasGoldFund and UnicornInv.
The newest addition to Premium listing on MNO is a program called SparkMetals. The program just launched today and it’s offering a single plan paying 2.5% daily for 120 days with the principal returned on expiry. The payment processors accepted by them include AlertPay, LibertyReserve and PerfectMoney. The minimum to invest starts with $10 and the level of compounding can be set up by you when making a deposit. SparkMetals is based on a licensed GoldCoders script and is hosted on a dedicated Staminus server with Koddos protection. All in all the program looks not bad and has a legend of investing in precious metals (hence the name). More detailed analysis of SparkMetals will be in my detailed review of the program which is going to be published on MNO tomorrow.
Also tomorrow I’ll be waiting for you all in the MNO Chat for the live conference with the admin of MidasGoldFund. The start of the conference is scheduled for 19:00 GMT, so don’t miss out. After that I will be updating my blog as usual, so I hope to see you checking MNO again tomorrow for the latest updates from HYIP industry. See you all then!
Filed under Daily News by on Mar 8th, 2011. Comment.
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