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Thursday, March 15, 2007

The State of HYIP

As many of you have experienced first hand, most of the 'higher end' programs have been in a general decline recently. The best, and I maintain that these program were in fact the best programs in the arena, have all seemingly proven their incompetence in one way or another. The unfortunate truth is not that the wrong programs were selected, but more accurately the HYIP arena in general is of a highly unprofessional and inadequate nature. The very best of this arena are still far short of the quality that would be expected from a serious mainstream financial institution. It is full of backwater and rogue programs run by average Joes and untrained nonprofessionals who have simply strung together a fund because they were "tired of getting scammed" themselves. They were the best in an unregulated and completely unprofessional arena; the 'best of the worst' it would seem.

Even simple qualities such as communication or a less than reckless attitude towards the safety of your money are ones associated with professional firms, not HYIP programs. It is only normal to feel frustrated with the way these operations conduct themselves, however, no program to date has come close to matching a highly regarded and highly professional financial institution, regulated and compliant; they have all been the exact opposite. Most, if not all of the HYIP programs are highly illegal and violate most country's pooling laws. I think it's best people come to realise what they are actually dealing with instead of expecting professional actions and executive decisions from these types of programs.

That being said, certainly not all is lost. I am currently researching some new and interesting prospects that are considered reputable by any mainstream standard. Hopefully my research can yield something that will redefine HYIP and give the arena some long needed credibility and stability.

Best of luck to everyone.