TheNewSaint wrote: ↑
Wed Mar 06, 2019 7:23 am
I see the "back screen" has reared its ugly head again. The very idea there's a super-secret currency exchange that.buys worthless currency at premium rates. And which can only be acessed by doing the performance art outlined above.
The idea of any commodity trader paying a secret, higher price for the same thing is too stupid for words.
Yes, but this sort of "inside" advice is analogous to teaching someone how buying a car works. When I was young and went to a used car lot, I first read about the common practices of car salesmen. As a result, I knew what the salesman was doing when he went to get his manager's approval for a price I had just successfully negotiated. I knew that he would come back with the story that the manager wasn't going for it, that I had driven too hard a bargain. So I got up to leave, and the salesman asked me to wait while he went back to try to "convince" his manager.
I've seen this kind of theater a lot of times in my life, and I like to think that I know most of the tricks, though it's likely I have still overpaid sometimes and have fallen for manipulations I didn't catch.
My point is that I've learned, and many consumers have learned, that there are games built around money. So it's not a huge stretch to believe that there might be one exchange rate for rubes and another for insiders. (Well, that is in fact true in the sense that retail exchange rates at an airport are going to be different from what you might get in a city center, which will be different again from the rate for a futures contract on an enormous sum of currency.)
I feel sympathy for those who fall for these stories. The idea of a secret back screen currency exchange rate is not reality, but it's analogous to some aspects of reality familiar to the scam victim. Even when the scam is loony, it usually has to have some points at which it is reality-adjacent. It has to begin with what past experience has taught.