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How to Open a Successful Pawnshop
Book by my former computer student, Mary Bancroft, the woman behind the plot to kill Hitler and who invited me to dinner with Woody Allen
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Cash is King!
 Credit
U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” according to said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis.
“I’ve found that credit losses could peak at a level of $3.6 trillion for U.S. institutions, half of them by banks and broker dealers,” Roubini said in Dubai, yesterday. “If that’s true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion. This is a systemic banking crisis.”
Well, maybe Roubini is right; certainly, with the credit crunch, there is evidence that the banks are out of funds.
The U.S. runs on credit. Real estate (subprime or not) is bought on credit. Major U.S. corporations run on credit. American’s individually run on credit – cards…
Cash
Mexico is a country that runs on cash. Most Mexicans own their homes, which is why most Mexican homes are more modest that American homes, which are owned, in the main, by banks. For that reason, Mexico looks a lot poorer than the U.S.
Looks can be deceiving.
When a Mexican loses his job, chances are he will not lose his house – or his car, for that matter. The unemployed Mexican has a much better chance of decent survival than does an unemployed American.
Now that the U.S. banks are flat broke, or worse, under water, what are the Americans to do? Can Obama pump enough cash into the banks to bring them back to life? So far, the bailouts have served only to guarantee the enormous salaries and bonuses given to those who (mis)manage our money.
Will the bailout work? So far it hasn’t. Maybe there is a lesson for Americans in the Mexican way of life – cash is king – olé
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Obama Solyndra loan of $500 million saved 1,100 jobs for a year at a cost of $450,000+ per employee.
Sept. 25th - "If asking a billionaire to pay the same tax rate as a Jew, uh, as a janitor makes me a warrior for the working class, I wear that with a badge of honor. I have no problem with that." President Obama.
Eternal War for Eternal Peace?
Wars on the way: Syria, Yemen, Somalia...
War# 4, US War in Libya - cost, so far - $1 billion. Cost of all the wars, $4 trillion and causing the debt crisis, but good for Big Business.
War #3, Libya: Western powers are re-colonizing Libya.
War #4 on the way as U.S. and Allies say Syrian Leader must step down. Rasmussen poll - "Only 12% Think U.S. Should Step Up Involvement in Syria."
War #2 in Afghanistan, 59% want troops home.
War #1 in Iraq has produced a failed state and killed millions as the violence continues.
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__________________________________________________ US healthcare worst, and most expensive.
Infections kill 100,000 patients in hospitals and other clinics in the U.S. every year.
Japan’s health-insurance system covers everybody, including illegal aliens. It pays for physical, mental, dental, and long-term care.
Japanese are the world’s most prodigious consumers of medical care; they see the doctor about 15 times per year, three times the U.S. norm. They get twice as many prescriptions per capita and three times as many MRI scans. The average hospital stay is 20 nights—four times the U.S. average.
Cost: And yet Japan produces all that high-quality care at bargain-basement prices. The aging nation spends about $3,500 per person on health care each year; America burns through $7,400 per person and still leaves millions without coverage.
Canadians live three years longer and are healthier than Americans, and the lack of universal health care in the United States may be a factor, researchers say.
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Goodyear's "being considered as the next head of British Petroleum" didn't materialize. Goodyear sightings are becoming like Elvis sightings.
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