How does the current financial crisis affect the Challenge funds?

I'm also getting rather annoyed, as I am sure others are, of repeatedly answering your questions time and time again, Mr. Koenig.

Rule #1 of the challenge application you signed quite clearly states that you will obtain one million dollars in the event of you winning the challenge. I fail to see why you have any further questions upon this matter.

~ MattC
 
The Professor said:
I have received no records yet. OK? :)

I was told that TODAY would be the day they posted something current on the JREF Forum to show that they still had the money.
I don't see it?
Click to expand...

If you are referring to my posting #15 as being where "you were told...", then go read it again. It says, " I guess you'll have to wait until Thursday + smail-mail + website update time for the next". That is assuming that GS releases its accountings on a monthly basis, which I don't know for a fact. I also don't know the length of the above-mentioned snail-mail interval nor of the website update time. So you're on your own.

Besides, I'm certainly no content-expert around here. I only know a little bit about a lot of things, which may or may not be relevant to you. Your judgement needs to fill the gap here. If you want to hold me responsible for no new statement today, why then, go right ahead. I'll welcome it.
 
The Professor said:
I will take your advice and grab some Sailor Jerry's Rum!!!!!
.... And Dream of Treasure here in the Florida Sunshine :)

BTW ...I have a protocol. I always have.
How did anyone miss it? Perhaps no one is actually reading what I've written?

:cool::cool:
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The protocol in question is one which you and JREF can agree upon as the basis for a contract specifying the test. Among its characteristics will be iron-clad pass/fail decision points in plain evidence requiring no judgements be made by observers, and adjusted so that false-positive errors will have vanishingly small probabilities. Any old protocol (namely one not agreed to by JREF) won't get you where you want to go. The meeting of the minds (the essence of any contract) must be pursued in good faith, and it doesn't sound to me as if that is happening.

This topic should be in the proper thread, not here.

I think that most have spent so much time on the "bashing" that they've missed what has been said.
Click to expand...

Ummmmm... You don't seem to be much abashed.
 
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I don't see the problem here.You sign a contract that states you win a million dollars....then you win a million dollars.End of subject.

But as Guerilla magic stated,you have zero chance of winning anyway so don't worry about it.
 
MattC said:
I'm also getting rather annoyed, as I am sure others are, of repeatedly answering your questions time and time again, Mr. Koenig.

Rule #1 of the challenge application you signed quite clearly states that you will obtain one million dollars in the event of you winning the challenge. I fail to see why you have any further questions upon this matter.

~ MattC
Click to expand...

Please turn on CNN or try to get out a little more.
Do you have a 401K? What percentage have you lost?
Anyone can write a contract for any sum, but if the market crashes and they don't have it, then where is the cash coming from.
Just tell me Carson Estate will pick up the difference and I will be happy :)
 
shadron said:
If you are referring to my posting #15 as being where "you were told...", then go read it again. It says, " I guess you'll have to wait until Thursday + smail-mail + website update time for the next". That is assuming that GS releases its accountings on a monthly basis, which I don't know for a fact. I also don't know the length of the above-mentioned snail-mail interval nor of the website update time. So you're on your own.

Besides, I'm certainly no content-expert around here. I only know a little bit about a lot of things, which may or may not be relevant to you. Your judgement needs to fill the gap here. If you want to hold me responsible for no new statement today, why then, go right ahead. I'll welcome it.
Click to expand...

Please forgive me. I thought that you knew what you were talking about. Silly me!
 
The Professor said:
I have received no records yet. OK? :)

I was told that TODAY would be the day they posted something current on the JREF Forum to show that they still had the money.
I don't see it?
Click to expand...

So you haven't actually requested them. Is this what you'd generally refer to as 'blowing smoke?'
 
The Professor said:
Please turn on CNN or try to get out a little more.
Do you have a 401K? What percentage have you lost?
Anyone can write a contract for any sum, but if the market crashes and they don't have it, then where is the cash coming from.
Just tell me Carson Estate will pick up the difference and I will be happy :)
Click to expand...

Please comprehend the terms and meaning of a contract, preferably before you sign it.

I again bid you to read the first rule of the application you signed and had notarized. I will again post it here purely to give you some brief idea:

Legally Binding Contract said:
I, James Randi, through the JREF, will pay US$1,000,000 [One Million Dollars/US] to any person who can demonstrate any psychic, supernatural or paranormal ability under satisfactory observing conditions. Such demonstration must take place under the following rules and limitations:
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This is a legally binding contract between two parties. It cannot be broken under grounds of "the market sucks so sorry". Whatever I may have lost is completely irrelevant to the issue at hand, unless you really think I have some stake in paying this million out to you.

It seems more and more that you're willingly refusing to consider answers provided in light of maintaining this fantasy world you live in. That's your prerogative, not mine, but I will not have you lambasting me in such a poor fashion when you so clearly have not bothered to read a damn thing.

Just for you, I'll helpfully repost my answer to your question of "where is the cash coming from" simply because I like you a lot (don't put too much stake in that):

MattC said:
Indeed, according to the terms of the contract now, if the money in the prize account should be below one million dollars at the time of someone winning, then the JREF would be forced to make up the difference somehow - how they do this really isn't an issue so long as they do. As an example, say if the prize funds dipped to exactly $990,000 - ten thousand dollars less than the million required when the money was claimed. The JREF would then be required to make up the remaining ten thousand from any legal avenue - taking out a short-term loan, for example, for the ten thousand would certainly work. Selling office furniture or used computers would be another way to raise the money. The contract in its current state is more advantageous to the applicant than it is to the JREF for these reasons.
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I have, after consultation with my own spirits, carefully bolded several parts of the quote in the attempt to focus your rather sporadic attention to the legal issue at hand, not your erratic and demonstratedly-irrational fears.

~ Matt
 
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The Professor said:
Please forgive me. I thought that you knew what you were talking about. Silly me!
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Ah, yes, this is a forum. If you want the troofers, their three doors down on the right. The polygraphers union is on the left. Good day.
 
The Professor said:
Please turn on CNN or try to get out a little more.
Do you have a 401K? What percentage have you lost?
Anyone can write a contract for any sum, but if the market crashes and they don't have it, then where is the cash coming from.
Just tell me Carson Estate will pick up the difference and I will be happy :)
Click to expand...

Any further rants about the solvency of the MDC prize money should belong in the Conspiracy Theory forum.

Soon to be followed by nominations to the Stundies :).
 
MattC said:
Instead of asking "what will become of the money?" ... it has become "can the money be paid if won?"
~ MattC
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The initial intent of the OP was actually both, but thanks for the detailed explanation. I didn't intend for this to become another ping-pong event for The Professor.
 
Now with another 800 Point Drop will you all still pretend my question is invalid?

Now would be a great time for a critical thinker to step up and prove me wrong!
 
I'm not honestly sure what I can do for you, Mr. Koenig, if you continue to insist upon refusing to read anything I've said in this thread.

I request, quite simply, that you now either put up or shut up - respond my post earlier in the thread explaining, in detail, why the state of the market does not matter in this regard with some concrete proof that I am in error in what I say, or stop posting comments requesting explanations you have already gotten. It is disrespectful to me personally and everyone else who has ever attempted to explain anything to you.

Willingly disregarding or refusing to read explanations proffered are not actions typical of people deserving of the title "professor". It implies knowledge and wisdom - two things you very clearly seem to lack.

~ MattC

(ps: :cool::cool:)
 
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The Professor said:
Now with another 800 Point Drop will you all still pretend my question is invalid?

Now would be a great time for a critical thinker to step up and prove me wrong!
Click to expand...
For all we know it's 100% invested in Haliburton and Exxon-Mobil. It could be worth 10mil by now if that's the case...

Just because the DOW drops, does not imply that all investments drop equally. The DOW is an indication of certain specific stocks and bonds, but it says nothing about the particular investments of the JREF or any other person or group.

You have been told multiple times by a represntative fo the JREF that the account contains enough $ to cover the MDC.

You have not (as far as I am aware) requested an updated statement from the JREF.
And you have not (as far as I am aware) actually applied for the MDC.

So I fail to see any point in your continued posts on this (or any other) thread.
 
The Professor said:
Just got a gig in The Land Down Under, so I will buy you ten Pints of Beer!!!!!
(When I get there this March) Congratulations. :) (I'm not kidding!)

I know Jeff says that the JREF will pay it but they can't if they don't HAVE IT. (Critical thinking here)
If it fall below $1,000,000 will they change the name or call the Carson estate?
:cool::cool:
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Recipe for rabbit soup.

First, catch your rabbit.:cool:
 
The Professor said:
Now with another 800 Point Drop will you all still pretend my question is invalid?

Now would be a great time for a critical thinker to step up and prove me wrong!
Click to expand...

One can try, right? Well, here goes: Your question was valid.

The replies - including Jeff Wagg's - were also valid.



If you have further questions, do not hesitate to post them.
 
The Professor said:
Now with another 800 Point Drop will you all still pretend my question is invalid?

Now would be a great time for a critical thinker to step up and prove me wrong!
Click to expand...

Is there anything distinguishing this from other nutcase CTers? Someone who, when repeatedly shown the facts, continues to rant for their own private truth? Someone who, having access to the real facts, continues to foam at the mouth that it's all somehow a BIG LIE? Someone who, despite being spoonfed with proof, campaigns against the conspiracy against them?

It's all there, sheeple!
 
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