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Editorial
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Title: RBN pulling another scam
Source: Robby Noel
URL Source: http://robbynoel.com
Published: Nov 21, 2014
Author: Robby Noel
Post Date: 2014-11-21 05:22:04 by robnoel
Keywords: None
Views: 244
Comments: 4

Some may think this is a case of sour grapes however since I left RBN it appears John that Stadmiller continues to scam patriots with bogus gold and silver hosts first was Paul Drocton who not only scammed listeners buy pitching that gold US eagles could be confiscated now he is replaced by Michel Hertzog who is pushing the scam called KaratBars which is nothing more than MLM scam.....although I longer reside in the US it grates me no end with these phony patriots who do nothing more than fleece the flock it is for this reason that Jeff Bennett also recently left RBN Stadmiller has been ripping off patriots since Y2K so this is just a heads up ...you can actually buy gram gold for a lot less than what Karatbar offers ...do you homework don't take my word for it just google karat bars and see for yourself....heres a recent show Hertzog did on RBN pushing Karatbars....it gives no pleasure in posting this

https://www.youtube.com/watch?v=L44NQWZh9cU

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Begin Trace Mode for Comment # 3.

#1. To: robnoel (#0) (Edited)

I think people should buy physical metals. I like carrot juice and carrot cake !

EDIT: Good to hear from you Robby.

noone222  posted on  2014-11-21   5:35:21 ET  Reply   Untrace   Trace   Private Reply  

Don't Fall Prey to Insecure Gold Marketing Systems Hello followers,

Many people have requested that I do an insight in to the world of KBI 9999. First of all, I would like to say that a woman who requested me to do an examination of Karat Bars International lost approximately 17, 000 US dollars. From this tidbit of information, I began to do a little more snooping around and have found some interesting information.

Karatbars International is rated by the Better Business Bureau as C MINUS according to the US government. This means that multiple customer have filed complaints and shows that Karatbars International is not an organization to be trusted or an organization that needs any investment of time or money. The origins of KBI lie in Germany which can make it difficult for any American in the US to interpret government records from Germany through legit business practices. If there is any issue in America, then there will be no way to recover funds because it is a German company.

The German government reveals that only 2% of people involved in KBI recieve an income, whilst 98% sit in the dust. They work for the 2% to make money and sacrifice all of the gold and glory. Also, only 90% of costs are used to cover the cost of the business and help earn any type of income through selling Gold in smaller increments. Only 5% of people earn an income that is more than $50 dollars a week. No matter how much your upline is telling you, you have to understand that they are planting dreams into your head to have the idea that there is an EASY way to earn money. But that is not correct. Earning money involves working for it. There is no such thing as EASY money. Remember if it sounds too good to be true, then it probably isn't true.

KBI is also marketed via spam e-mails. This means that in order to approach as many people as possible they hacked into MLM schemes that had the e-mail list of organizations such as Monavie, Bidify, TVI Express, Unaico, and ZeekRewards. All of these companies sound familiar because they have been investigated by the FBI as well as the SEC and SHUT DOWN. They bought out these e-mails from these companies as the company was going down to approach people who already had been vulnerable to previous schemes. If they are marketing people via e-mail they must be desperate for people who have too much time on their hands to read their spam inbox.

Another issue one should look into before committing any time into KBI is what is the potential for this product realistically? KBI sells people on a wonderful idea, but is that idea sustainable in the long run and is it possible that people will be able to profit from this legitimately time and time again.

Do not fall prey to greedy people who come up with ideas to rip off the poor little people sold on an idea with no factual evidence. KBI is a scam and will not be able to hold up appropriately. Do not lose your money to an idea that sounds good, make sure you invest your time and money with a strong foundation that does not have any flaws in the system.

robnoel  posted on  2014-11-21   6:14:52 ET  Reply   Untrace   Trace   Private Reply  

There are three primary scams when buying and selling gold.

1. The price people pay is too high, and the price they sell at is too low in relation to what the market price should be. This is the simplest and most common.

2. Cons say they are buying you gold/silver and will store it for you and sell it when the time comes. Often coupled with 1, and in some cases they never buy the gold at all.

Let's start with one and see if the folks at Karatbars are worth doing business with based on pure math.

As of today:

A preferred purchase of a 1 gram Karatbar is Euro 47.42. This equals Euro 1344.33 per ounce. (28.3495 Karatbars) Needs to be converted to ounces to make the math consistent with where someone can very closely buy or sell on a regulated exchange at Euro 981.10 per ounce.

So for an internet entrepreneur to buy 1oz of Karatbars they will spend 1344.33 for the same purchase they could basically make on the open market for 981.10. A 37% premium. Let's stop there and call shenanigans. It gets a little better when a lucky network marketer goes to sell. As of today, those generous folks at KB will buy back 1oz of Karatbars for 945.17 (Euro 33.34 * 28.3495). Keeping in mind the same ounce could be sold for close to Euro 981.10 on an open exchange. A mere 4% haircut on your way out.

If you consider a 41% total beating just to play some sort of money game a winning proposition then I suspect KB has a swell deal for you.

Incidentally as I am aware there are some discrepancies in exchange versus private transactions, especially in smaller quantities. 1 gram of Gold on EBAY is selling for Euro 38.61 meaning KB could buy on Ebay, mark the shit up 22% and there is your "preferred price". If you are not a member of the no reach around gold club, the beatings get even worse.

robnoel  posted on  2014-11-21   6:30:01 ET  Reply   Untrace   Trace   Private Reply  

#4. To: All (#3)

What do Iraqi Dinar's and Karatbars have in common they are both scams ...don't be sucked in by easy money scams

Foreign Exchange Scam

The Washington State Department of Financial Institutions is warning consumers about potential scams regarding Iraqi Dinar currency exchange services. While foreign exchange scams are not new, the sudden popularity with the Dinar and resulting consumer complaints to our banking partners is concerning. Consumers can read about the investment-related risks in our previously-released consumer alert, “Forex: Risky Business?” at www.dfi.wa.gov/consumers/alerts/forex.htm.

Several websites have recently begun advertising investment opportunities in Iraqi Dinars, the currency of Iraq. These websites are asking the consumers to send a check, wire, money order, or pay cash upon delivery of the Dinars. What consumers are not told is that the Dinars can be redeemed only in Iraq, as most of the established currency exchange houses and banking institutions cannot convert the Dinar to US dollars. Since no exchange exists for the Iraqi Dinar, dealers can charge whatever they want to sell and buy back the Dinars.

These dealers often register with the U.S. Treasury as a Money Services Business (MSB). An MSB registration is nothing more than a form they file; it does not reflect any experience in trading currency nor entail any qualifications on the part of the dealer, other than basic anti-money laundering requirements. The reason dealers seek this registration is to lend legitimacy to their scam and avoid more stringent regulation.

In addition, most of these websites are operating illegally in Washington State, without a currency exchange or money transmission license issued by the Washington State Department of Financial Institutions. Make sure you only deal with licensed, legitimate companies when making financial decisions.

robnoel  posted on  2014-11-22 02:46:50 ET  Reply   Untrace   Trace   Private Reply  

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