Date of Birth
ID (U.S. SSN or U.S. ITIN or other cuntry tax ID number)
Country Issuing the ID number
For US persons, this [tax ID number] must be your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). Non-US persons enter your national tax ID number. This number cannot be changed so be sure to enter it correctly.Entering this information still does not allow access to the supposed holdings in your account.
e-gold further states:
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the U.S. Government fight the funding of terrorism and money laundering activities, U.S. Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.This means that opening an e-gold account will require of you the same intrusive hoop-jumping you have already been subjected to in opening a bank account or a brokerage account. Those already having accounts will have to provide that information to access their accounts to convert their holdings to fiat or even to transfer some of their holdings to someone else
What this means for you: When you open an account, we will ask for your name, address, proof of address, date of birth, and personal tax ID number that will allow us to identify you. We may also ask you to produce an unexpired, official government document that contains your photograph such as a driver's license, passport, or other similar document.
This means that e-gold is under total control of the "Big Brother" U.S. Government and the New World Order (NWO) banking establishment.
e-gold was once touted as a safe and confidential method of owning precious metals. If ever, no longer.
BOTTOM LINE
As far as I'm concerned, there is no reason to open or maintain an e-gold account. e-gold's Dr. Douglas Jackson is trying to put a happy face on these developments, but bottom line is that he has to comply or go to jail on the various trumped-up government charges. For an e-gold account holder, these developments make the "assets" of an e-gold account even less secure than those in a bank account. After all, the government can always, and easily, cut down more trees for currency, or punch a few computer keys to create all the credit money out of nothing that it wants. Not so easy to create precious metals out of nothing. Should the government want to enhance its REAL holdings, which could be at any time, given financial meltdowns, corporate bailouts, political chaos, etc., guess where one readily available source is? Hint: Your e-gold account holdings. After all, ANY property of any type you THINK you own is, in the final analysis, the government's. You have the use of it only as long as it suits them. That applies to EVERYTHING, including real estate, stocks and bonds, precious metals, vehicles, your children...
Sieg heil! Amerika uber alles!
Reference e-gold blog posts:
"e-gold® Engages KPMG to Assist e-gold in its Development of AML Program Improvements" of 2008 September 29. (http://blog.e-gold.com/2008/09/e-gold-engages.html)
"e-gold update: U.S. State Licensing and Customer Identification" of 2008 October 10. (http://blog.e-gold.com/2008/10/e-gold-update.html)
Posts
2 comments:
""This means that opening an e-gold account will require of you the same intrusive hoop-jumping you have already been subjected to in opening a bank account or a brokerage account.""
You mean like GoldMoney has been requiring for years? Never heard anyone complain about that....You miss the point and it's two fold, ONE if and operator doesn't like the US financial system requirements, leave the country and re-domicile your business in Panama, Egypt, Costa Rica, Belize anywhere else without the restrictions. E-gold is NOT doing that so they must now be comfortable with the US regs and the road ahead.
TWO They also obviously understand that a majority of their current 5 million accounts will never do business again....and that does not bother them either. E-gold is a better way to do business and they know that, they will risk losing all 5 million accounts because they are confident there is another 50-100 million new ones ready to sign up. How much better do you think Dr. Jackson and the execs there feel when they enter the office each day knowing that with these new regulations, they really can't be blamed for causing any illegal activity? How much better do you think they feel, and happier they are to know that their desk's won't be covered with court orders and subpoenas each day? Do you think they will be glad to know that the press won't automatically link e-gold and scams? They have the Killer Payment system and the best out there and the new business is on the way, if you don't like it, move on over to Libertyreserve, but please don't try to paint them the 'bad guys' in this equation, they just gave us 10 years of quality transactions and never stole or lost a dime of customers funds like INT, Evo, EMO, Osgold etc. The Dr. is a fricken hero in my book. If you don't like it, vote with your dollars and use another system, but don't bad mouth e-gold. That is not the right road to take.
Mark Herpel
editor@dgcmagazine.com
Mark:
Yes, GoldMoney has a similar intrusive system. Customers know that upfront, going in. Not so with e-gold.
I don't know if e-gold is comfortable with the new regs, but by NOT domiciling offshore after getting profitable, they put those "majority of 5 million accounts" account holders at risk of losing their holdings. That is due to changing the rules AFTER the accounts were established.
Jackson is NOT a hero. He, like me, like others, like Jews in 1930s Germany, failed to act in time, so all he can do is roll over and stick his butt in the air, selling out his customers as a result.
Gee, if you know of a way that account holders can, RIGHT NOW, "vote with your dollars" and get their assets out -- converting holdings to fiat (at a non-confiscatory exchange rate) -- let me know.
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