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Since the prize money is in the form of bonds, then it is possible that the bonds are worthless. For example, maybe a lot of the bonds are from corporations that are on the verge of going bankrupt? Or maybe the corporations don't have to pay off the bonds for another 40 years? In our example, Bob had to pay everything back in 24 months... this is called the "maturity" of the bond. Some bonds don't mature for a few years, others don't mature for a few decades. If Randi awards the prize of a bond that doesn't mature for 40 years, then legally I do have a million dollars... but I can't USE the million dollars until the bonds mature! As you can see, there are a lot of different scenarios where the bonds could be LEGALLY worth a million dollars, but in reality they could be worthless.
So my original assumption was right after all. The prize is the bonds. And my questions have still gone unanswered. What is there to say? Well, the most obvious thing I've learned from this is that Kramer certainly isn't trustworthy. He edited the e-mails, and told everyone the prize was in cash. And no one knows where the false e-mail came from (and Kramer hasn't provided anyone with information that could help us figure it out). At the time of writing this, he hasn't addressed the original issues which sparked this entire fiasco (who issued the bonds, what are the interest rates, and when are the maturity dates?). And he hasn't addressed the issue of misleading EVERYONE on the forums, by stating that the prize is cash.
While the members of the forums show different levels of skepticism, Kramer certainly does not show anything relating to real skepticism. His mentality is that of a fundamentalist - he is right, everyone else is wrong, and it's ok to "bend" the truth to convince others. This is the exact opposite of healthy skepticism. If you are seriously considering taking the James Randi $1 Million Dollar Paranormal Challenge, it would be very naive to think it's as clear cut and simple as they portray it. When you put your signature on that application, you are signing a contract with them. If they have a hard time playing fair when it's just a few e-mails, imagine how they'll act when a million dollars is on the line (assuming that the bonds are actually worth anything to begin with, of course ). -
Originally posted by TheBandit795
Believe me I find Sean more trustworthy than Randi or Kramer. After all the stuff I've read about them... They're not real skeptics and never where, they're as dogmatic as Pat Robertson.
The challenge started in 1964 with Randi putting up $1,000 of his own money. Since then, the prize money has grown to the current $1,000,000.
Originally posted by Sparky63
Anyone that can prove that they exhibit paranormal abilities stands to receive 1 million dollars.
To date, no one has ever passed the preliminary tests.
Many will scoff at this and say that they do not use their abilities for personal finacial gains, but the reality is quite the opposite.
Those who have reached celebrity status because of their claims have reaped large financial rewards.
The challenge' refers to the offer of one million American dollars. The 'offeror' refers to Victor Zammit who is making the challenge. 'The Committee' refers to a group of people expert in afterlife evidence. The 'afterlife evidence' refers to the evidence mentioned above in the Preface. 'Applicant' refers to a person applying to meet 'the challenge.' Stage One refers to the first stage of the challenge where the applicant explains in clear terms how the applicant is intending to rebut the evidence. Stage Two, is the stage where the applicant (as in the skeptics' offer) becomes the claimant and clearly explains in the English language in academically acceptable format his rebuttal of the evidence.