Posted on 11/07/2005 3:09:00 PM PST by SaltyJoe
Chinese company closed for selling land on the moon Nov 07 11:29 AM US/Eastern
A Chinese company has had its license suspended after it tried to make money by selling land on the moon.
The Beijing Lunar Village Aeronautics Science and Technology Co. managed to sell large swathes of pristine lunar property before being shut down, the state -owned Xinhua news agency reported on Monday.
The company, claiming to act on behalf of an entity referred to as the Lunar Embassy in China, charged 298 yuan (37 US dollars) for each acre (0.4 hectare) on the moon, according to the report.
Each lucky new owner of lunar soil was issued a "certificate" that ensured property ownership including rights to use the land and minerals up to three kilometers (1.9 miles) underground, Xinhua said.
Li Jie, CEO of Lunar Embassy, said that 34 clients bought 49 acres (20 hectares) of land on the moon in the first three days after his company became operational last month.
We're putting a Sonic in up there.
The moon could turn red like blood if an object rammed into the earth, and kicked up a cloud of dust . The iron int he dust could do it.
You'll notice that the Bible also mentions hail mixed with blood. If it rained while this dust were suspended int he atmosphere, it would appear as thought the sky were raining blood. This happens sometimes after volcanic eruptions.
Wow, I've really got to start looking at the screen while I type-- ha ha! I am Mr. Typo.
Across from my Waffle House franchises?
I have one on every corner and every interstate exit, so there's still plenty of room for expansion.
http://www.lunarregistry.com/
This guy claims to own the moon....shame on the Chinese for cutting in on his action.
Good move by China. Whether they understand what they did, by accident or for reasons that have little to do with why this should have been done, they have moved to eliminate, within their jurisdiction, converting the moon to third world status. Third-worldism is contrary to capitalism.
His action is pure third world. The presence of third world economy is an economic strait-jacket on economic growth. What they should do is recognize claims to extraterrestrial property, but the countries/lawyers of the world haven't seen the problem. When they do finally see it, the solution will be difficult, if not impossible. Outer space does not seem to be likely to become capitalist, but it could be if they drop the 1967 Outer Space Treaty now, while there is still time.
Yeah, I don't know what's sadder...the fact that he truly believes that he DOES own the moon, or the fact that other saps actually believe HIM.
I've seen people defend the Lunar Registry as a "cute novelty", but the problem is that he doesn't sell them as novelty items. He sells them as genuine deeds and advises people to buy them as "investments". It's akin to selling the Brooklyn Bridge or the Atlantic Ocean...it's a scam and it's technically illegal in most countries. I'm glad to see the Chinese shutting this down, and am curious why our own government has never done the same.
And before anyone calls this guy harmless, I met an 88 year old man in a nursing home who spent his entire live savings...just over $100,000...on these things. He genuinely thought that he was investing in something that would benefit his decendants and bankrupted himself in the process.
From what I under stand, a number of years ago, this joker sent letters to all the governments of the countries of the earth, and notified them that he was laying claim to the moon and if they had any objection, they had to notifiy him in a certain period of time. Like an eminent domain action. When he did not recieve even one letter in return, he filed in the newspapers that he was claiming the moon and still no one objected, so now he contends that since not a single soul objected, that he does in fact legally own the moon, and has sold millions of dollars of "deeds".
BINGO !!
He did that. It is not his fault, but the Gummints' faults. He is taking the third-world route, and Gummint should not allow that, but at the same time Gummint must present a superior alternative because they cannot stop squatters without acknowledging the demand and integrating it into the general property rights system. But, believe it or not, Gummint is very aware of the situation. The problem is political, and it is world-wide. Even the US Senate knows there is a problem.
I am so disappointed! We had retirement plans and wanted to get into the Lunar real estate market and beat the rush.
Does this mean my deed is no longer valid? I had some good beachfront lots.
"I am so disappointed! We had retirement plans..."
Yeah, there goes the neighborhood!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.