Thursday, June 5, 2008

Biggest Scam in the World

I've discovered what the biggest scam in the world is. But I'll get to that in a second.

I'm still eagerly waiting for my TV. I've grown really impatient, and now part of me wishes I just went into the store and haggled it out with the people there. I watched the NBA finals on my computer and kept thinking to myself how much better it would look on my new 50" Plasma TV. The hardest part of the wait is that there is no new update where the TV is. It got to Columbus and the it seems to have stalled. For all I know, it is close to LA and they just haven't updated the status. Not knowing where it is sucks.

So what is the biggest scam? It has to be HDMI cables. Seriously, I just don't get it. Go to any store and try and buy a HDMI cable. I guarantee you won't find one for under $30 and most likely will have to pay $50 or $60. If you buy a Monster HDMI cable, it will set you back $100 or more.

Here is the thing though, it really doesn't make any sense to buy one of these cables. HDMI is a digital signal. Long story short, either the signal gets there or it doesn't. So long as the signal gets there, you are going to get a crystal clear picture. The chances of you losing the signal on a short cable length are not very high. Some argue that the better cables give you more bandwidth but really this is a bunch of lies and most consumers will never know the difference.

I bought my cables from a company called Monoprice. They had a good selection of cables, their prices were excellent, and their service was fantastic. I got my cables in a few short days from them and paid only $6 for my 10" HDMI cable. Same cable in the store would have easily cost me $50 anywhere.

The thing that perplexes me most though is that I have never seen a cheap cable in a store. I've seen them all over the place like at Monoprice and at Amazon, but have yet to see a cable for around $10 in any retail outlet. It's odd. Simple economics would tell you that retailers shouldn't be able to charge these exorbitant amounts when a cheap alternative so clearly exist. There is clearly a demand for these types of cables, but yet nobody has yet come in and offered a cheap cable. It may be that HDMI is still not as standard as some of the other cable types, since HDMI is only available on higher end TVs. But still, I find it odd.

Any thoughts on what is going on here? What do you think is the biggest scam out there?


  1. "Off Topic"
    Thanks for all the article you write!
    Alltough I miss the action in the money part. Your account has not changed a bit since the beginning :-) and I think the blog is going more abit into 'what's going on in your life and stuff'. (Sorry I do not want to be rude, I just miss the post's how they ued to be in the very beginning!

    But keep going, I still enjoy the site!!!

  2. Thanks for staying with me!

    I know I've gotten off track in the last few weeks and months. Part of it is deliberate, I've just not had time to focus on making money. It will probably change now that my life has settled down and I have a new focus and determination to finding ways to make money.

  3. Don't buy cables at Circuit City. Even if you buy your TV there, don't get caught up in the moment and buy everything there. Circuit City charges 5 times more than what you can get Fry's or Target. The wall installation is pricey too (about $500). I had a couple friends over and hired an electrician for a total of $175.

  4. [...] and I got one standard receiver for the bedroom.  They hooked  up the H21 to my Panasonic via HDMI and fired it up.  It took a few minutes for the receiver to do what it had to do and it was up and [...]