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How does the current financial crisis affect the Challenge funds?

Excellent post Ocelot,doubt it will stop The Professor's blatant attempt at smoke screens but at least it's down in print for all to see.
 
Azrael 5 said:
Excellent post Ocelot,doubt it will stop The Professor's blatant attempt at smoke screens but at least it's down in print for all to see.
Click to expand...


And has been dozens of times. This is just one of many avenues TP is sweating over to try to get himself an "out". His obfuscation about the challenge funds is incredibly transparent to everyone here. A pity he can't see that everyone else sees through it. Or maybe he can see it and that's why he's panicing so much.
 
The Professor said:
You are correct ... The JREF MDC DOES look Pathetic :)
Click to expand...
Then, a man like you should seek every opporunity to be taken seriously by scientists!

Even if (and this is a BIG IF) the JREF Million is unavailable, you would still earn all those other, coutless awards and sources of monetary income, if you passed the Challenge!

So, what else are you waiting for?!



Imagine: YOU being taken seriously by TOP scientists, all over the world.......
 
Oh I'll freely apologize, I have no doubt about that. Will you do the same if it's found out that it does, in fact, have more than a million dollars in it?
 
David Koenig said:
Here's the Deal .... If the JREF MDC proves to have dropped to below the Million Dollars, can I expect an apology from you .... or will you languish in your ignorance?

Will you MAN UP, or just sluff it off?
Click to expand...

You stated this as somewhat of a challenge to those of us who did actually try and convince you otherwise. I helpfully accepted your challenge:

MattC said:
Oh I'll freely apologize, I have no doubt about that. Will you do the same if it's found out that it does, in fact, have more than a million dollars in it?
Click to expand...

I'm still waiting on a response for this. Will you, er, "MAN UP" as you stated in a rather juvenile fashion?

~ MattC
 
Azrael 5 said:
If you are so concerned why not go through the list of worldwide challenges you were given the link to some time ago,apply to all them and you will have more than one million.
You signed a contract when you applied for MDC,GUARANTEEING you on emilllion dollars.Should you win.There is little chance of you winnning so I don't know your problem.
By the time you create a protocol the stock market will be blooming.
Click to expand...

I have contacted the closest group from the list. They have not given me any information and for all I know they are simply a Sham also.

They have not returned my phone message and the JREF has not returned the call to confirm the funds. I wonder why?
 
MattC said:
I'm still waiting on a response for this. Will you, er, "MAN UP" as you stated in a rather juvenile fashion?
Click to expand...

You have not yet returned my message to confirm the wager. I wonder why?

~ Matt
 
I was just wondering, what happens to the prize money when the challenge ends?
 
Randi has explained that the donor has consented to the money being transferred to the JREF for use in new projects.
 
There used to be a link to the Pie Chart of the MDC funds. I can no longer find it. Does anyone know where it is?
I was hoping for an update.
 
egg on somebodies face??

The Professor said:
There used to be a link to the Pie Chart of the MDC funds. I can no longer find it. Does anyone know where it is?
I was hoping for an update.
Click to expand...

Welcome back. Friendly advice: If you badly need an update on the funds now and then, send an e-mail to jref staff and stop derailing this thread.

By the way: How did things work out on halloween? Were there voices? Did you record anything? Were your writer friends there? Were Jim C and Uri there? Why don't you post anything on what happenened? Are you finally backing out of the challenge? Do you have a workable p.....l as you have earlier repeateadly stated, or was that a lie?If it wasn't a lie, why don't you post it in the appropriate thread?
 
I found the report no problem. Also as I'm sure you have been told if you want an update it had on the facts to send them a letter and they can send out a copy the latest statement.
 
eirik said:
*Snip*

By the way: How did things work out on halloween? Were there voices? Did you record anything? Were your writer friends there? Were Jim C and Uri there? Why don't you post anything on what happenened? Are you finally backing out of the challenge? Do you have a workable p.....l as you have earlier repeateadly stated, or was that a lie?If it wasn't a lie, why don't you post it in the appropriate thread?
Click to expand...

I can answer on Prof's behalf.it went badly,Jim got busted by the cops no voices(other than the cops) were heard.No he doesn't have a protocol,yes his previous post was a lie.:D
 
Keep it on topic
Replying to this modbox in thread will be off topic  Posted By: chillzero
 
How often does Goldman Sachs normally provide a statement for the MDC fund account? Monthly or quarterly? The most recent is dated August 31, 2008.
 
Pogo said:
How often does Goldman Sachs normally provide a statement for the MDC fund account? Monthly or quarterly? The most recent is dated August 31, 2008.
Click to expand...

Considering the volume and complexity of many of Goldman Sachs' accounts (particularly this one, it is certainly nowhere near a straight bank deposit), quarterly by the calendar (not fiscal) year seems a fair deduction, if admittedly an unsupportable one.

I'll call Goldman Sachs in a little while and find out, I'm trying to kill some time and enjoy a nice lunch for a change. My waitress is cute. :)

~ Matt
 
Totally just called Goldman Sachs after cute waitress told me to quit staring and that she'd go out with me after work (!).

It seems client account statements are provided according to three main governing factors:

1) client preferences
2) market conditions
3) the team Goldman-Sachs has working upon the customer's account

She was specific upon the point that the client could call and request a statement any time they chose. However, for reasons well espoused, there is little reason for the JREF to do so.

~ Matt
 
But they were ASKED to do so.

Since only a JREF MDC applicant could receive the cash it is a pertinent question.
 
The Professor said:
But they were ASKED to do so.

Since only a JREF MDC applicant could receive the cash it is a pertinent question.
Click to expand...

Unless there has been some change in your claim that I'm not aware of, you're essentially on the backburner until next October.

What's the harm in waiting until February for the next quarterly? Why does the request need to be handled so immediately? We've proven throughout the thread that your reasons for requesting one are essentially baseless, so really that comes off as a vanity request as opposed to an actual one for a valid reason.

~ Matt

(edit: I've been told you're not actually an applicant until you have a protocol designed.)
(further edit: Asking on an internet forum is not exactly the best way to get anything accomplished.)
 
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The last published statement was dated August 31, 2008. Wouldn't a next quarterly statement be out in a couple of weeks, around the end of November?
 
Pogo said:
The last published statement was dated August 31, 2008. Wouldn't a next quarterly statement be out in a couple of weeks, around the end of November?
Click to expand...

It means quarterly in terms of a year. Given the current statement from August, I'd expect the JREF's reporting period to go something like this:

December
February
May
August
December
<rinse, lather, repeat>

~ Matt
 
http://money.cnn.com/2008/11/19/markets/bondcenter/credit_market/index.htm?postversion=2008111917

Government bonds are down but are still returning a profit to owners instead of a loss and the JREF's last 990 shows that they had moved 500,000 odd dollars more into goverment bonds so there total amount in that investment is over 1 million. I'm not a financial expert but this story I think helps my argument. I think either someone from JREF or GS realised better get that other half of the million into safer investment in the 2007 financial year.

So I guess that GS decided not to bother telling JREF as market conditions they are in hasn't been to badly affected so I'm willing to wait till either next report or next 990.
 
MattC said:
It means quarterly in terms of a year. Given the current statement from August, I'd expect the JREF's reporting period to go something like this:

December
February
May
August
December
<rinse, lather, repeat>

~ Matt
Click to expand...

Thanks. I guess I had it in my mind that quarterly meant every three months. Hence:

August 31
November 30
February 28
May 31
August 31, ect.

But I guess it's more complicated than that.
 
Pogo said:
Thanks. I guess I had it in my mind that quarterly meant every three months. Hence:

August 31
November 30
February 28
May 31
August 31, ect.

But I guess it's more complicated than that.
Click to expand...

Consider the matter in light of the fiscal year rather than the calendar year. That probably invalidates my response more thoroughly than it does yours, thinking about it. Well, I guess we'll find out whenever the next statement goes up.

Wager a beer on it? =)

~ Matt
 
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The Professor wants to know why the JREF has moved the information about the challenge funds! Apaprently they have moved back now(he claims)since he mentioned it!

Dunno why he can't post this question himself.
 
There have been enough warnings about this. This is not a thread about The Professor or his claims. Any further derails will face more severe action.
Replying to this modbox in thread will be off topic  Posted By: Cuddles
 
Money?

It's been since August and no new PIE CHART to show how the JREF MDC funds have faired in these economically challenged times. My 401K looks like a 201K right now :)

Why is that? Why no update?

I have personally asked for updates more than once over the past months. I actually spoke to Randi himself, and he said the funds were conservatively invested. If that is true I'd like to see the new information. It is long past the quarterly update.

If you are a true critical thinker perhaps a question may be raised in your mind as well? Please dispell any fears that I have about the dwindling MDC funds.
Thanks
:cool::cool:
 
The current document seems to imply the statements are monthly, which would suggest more recent documents are available. If this is the case, I too must wonder why they haven't been posted.
 
Well, taking into account that some or most of the MDC money seems to be invested in bonds, I imagine JREF has made a killing.

Maybe they're embarrassed at the profit they've made?
 
The Professor said:
It's been since August and no new PIE CHART to show how the JREF MDC funds have faired in these economically challenged times. My 401K looks like a 201K right now :)

Why is that? Why no update?

I have personally asked for updates more than once over the past months. I actually spoke to Randi himself, and he said the funds were conservatively invested. If that is true I'd like to see the new information. It is long past the quarterly update.

If you are a true critical thinker perhaps a question may be raised in your mind as well? Please dispell any fears that I have about the dwindling MDC funds.
Thanks
:cool::cool:
Click to expand...

Asking the forum members seems pointless if you want to receive an official answer. If you have an actual interest in said official answer contact challenge@randi.org

Let us know how it went.
 
Yes, Dave. It's true. It's all dwindled down. What did Randi know? He's a magician, not an investment broker. You heard all those stories about the big Ponzi scheme, right? And just coincidentally, they said many of the investors were in South Florida? Hmmm?

Yep! You got it! You figured it out, alright!

So, yeah... the sad truth is that there's almost nothing left. And since that's your stated sole reason for annoying the crap out of the forums and harassing James Randi posting here, I guess that means you'll be leaving, then? Hmmmm?

Well,... Ta, then. Have a good time on your interwebnetcast radio show with its audience of 7. We'll sure miss ya.


Oh, and.... um.... If it's not too much to ask, could ya take Jim, with you?
 
The Professor said:
It's been since August and no new PIE CHART to show how the JREF MDC funds have faired in these economically challenged times. My 401K looks like a 201K right now :)
<snip>
Click to expand...

I notice you mention the word 'My' in your OP. It is not YOUR money. You are no longer even an applicant for the MDC.

We also have a very good humour sub forum. You may enjoy yourself there.
 
So have I been right all along and endured your Snarkieness just to prove my point?
Now, perhaps you will stop defending things in a mindless fashion, without question (Like most other cults). After all, aren't you guys supposed to be critical thinkers and skeptics.

I'm not saying the money is gone, but since no one from the JREF will answer my question I brought it here.

Also, your personal attacks on me don't add to your defense ... They simply show your desperation.

I'm glad to see that other members of the JREF Forum are beginning to see the truth or at least question this situation.

Thanks
Dave
 
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The Professor said:
I'm glad to see that other members of the JREF Forum are beginning to see the truth or at least question this situation.

Thanks
Dave
Click to expand...

Look into the concept of what bond investments are and then get back to us. This has been explained to you before and you are quite dishonest in your attempts to pretend you have not been told about it before.

That laughter you keep hearing is people laughing at you, not with you.
 
To The Professor:

Do you think it's possible that Jim Callahan has succeeded as a "Paranormalist" and that the enigmatic entity known as Raymond Hill spirited away the money?

If you are so concerned about the existence of the money, did you write to the JREF requesting that they produce the current account statement from Goldman Sachs, as described under section 3. Prize Money in The JREF Million Dollar Paranormal Challenge "FAQ"?

QUESTION FOR The Professor:
Are you seeking the truth, or are you more interested in the attempt to spread self-serving propaganda?
 
The Professor said:
So have I been right all along and endured your Snarkieness just to prove my point?
Now, perhaps you will stop defending things in a mindless fashion, without question (Like most other cults). After all, aren't you guys supposed to be critical thinkers and skeptics.

I'm not saying the money is gone, but since no one from the JREF will answer my question I brought it here.

Also, your personal attacks on me don't add to your defense ... They simply show your desperation.

I'm glad to see that other members of the JREF Forum are beginning to see the truth or at least question this situation.

Thanks
Dave
Click to expand...

I am afraid it is of no concern for you Mr. "Professor".And since nowhere is stated that only money in that account can be used for prize,I fail to see importance of this issue.

And have you asked them in writting or at least by email?
 
Hey, Dave...
Now here's an idea. Why don't you send, like, a communication directly to the James Randi Educational Foundation, and ask them. Coming onto a forum and pimping and posturing is not the way an intelligent person proceeds if he/she is really concerned.
If I want to know where GMAC is going to spend my five billion dollars, I'd go look up their financial records, and if that's not satisfactory, I'd write them a letter. I think it would be far more productive than posting a rant on the Pontiac Firebird Comments section.
As to the lack of serious responses? You're under the delusion that we have the same worries as you.

(Brief pause while I threw up a little in my mouth at the very idea that any of my thought processes were akin to your own.)

Come back when you have some information. Most of us don't care about your speculation. If we're wrong and all the bond issuers are insolvent and/or Phil's off in Bolivia funding a llama farm, then we'll pay attention. But right now, it's just the speculation of one person with a well known dull axe to grind.
 
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