The Loan

The Loan

A businessman walks into a bank in New York
City
and asks for the loan officer. He says he is going
to Europe on business for two weeks and needs to
borrow $5,000. The bank officer says the bank will
need some kind of security for such a loan. So the
businessman hands over the keys to a BMW
parked on the street in front of the bank.


Everything checks out, and the bank agrees to accept
the car as collateral for the loan. An employee drives
the BMW into the bank’s underground garage and
parks it there.

Two weeks later, the businessman returns, repays
the $5,000 and the interest, which comes to $15.41.
The loan officer says, “We are very happy to have
had your business, and this transaction has worked
out very, nicely, but we are a little puzzled.
While you were away, we checked you out and found
that you are a multimillionaire. Why would you bother
to borrow $5,000? “The businessman replied, “Where else in New York
can I park my car for two weeks for 15 bucks?

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How to Explain Enron to Your Kids

Art Prints

 

How to Explain Enron to Your
Kids


Feudalism – You have two cows. Your lord
takes some of the milk.

 

Fascism – You have two cows. The government
takes both, hires
you to take care of them, and sells you the milk.

Communism – You have two cows. Your neighbors
help take care
of them and you share the milk.

Totalitarianism – You have two cows. The
government takes them
both and denies they ever existed and drafts you into the army.
Milk is banned.

Capitalism – You have two cows. You sell
one and buy a bull.
Your herd multiplies, and the economy grows. You sell them and
retire on the income.

Enron Venture Capitalism – You have two
cows. You sell three of
them to your publicly listed company, using letters of credit opened
by your brother-in-law at the bank, then execute a debt/equity swap
with an associated general offer so that you get all four cows back,
with a tax exemption for five cows. The milk rights of the six cows
are transferred via an intermediary to a Cayman Island company
secretly owned by the majority shareholder who sells the rights to all
seven cows back to your listed company. The annual report says the
company owns eight cows, with an option on one more.

Gary”s EBooks

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 Gary has been a writer/ photographer for over 20 years, specializing in nature,landscapes and studying native cultures.Besides visiting most of the United States, he has traveled to such places as Egypt,the Canary Islands,much of the Caribbean. He has studied  the Mayan Cultures in Central America, and the Australian Aboriginal way of life.Photography has given him the opportunity to observe life in many different parts of the world!

He has published several books about the various cultures he has observed.

For more information and a link to his hard cover and Ebooks,and contact information: please check his website, http://www.journeysthrulife.com.

Your comments appreciated

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A narrative about what life in The United States was in our golden era, and how it became what it is, and offering solutions to enable us to once again travel the path to freedom and self reliance.

 

Unemployment: Make Them Work

We have many people drawing money for not working, why? These are able
bodied men and women who have no disabilities whatsoever. Most of these
people are individuals who have lost their jobs or means of employment
because of lay offs, or their places of employment have gone out of
business.

This amounts to a large loss of manpower that could be put to better use
improving our country and possibly increasing their job skills so they
would be better qualified to gain employment in another field of work .
Since they are collecting unemployment from the taxpayers and getting
paid any way, why not put them to work doing public service jobs. There
is plenty of trash to pick up along our highways and byways. Our schools
and hospitals can always use extra help, and  many other organizations
always need help as well.

It would be astonishing  as to how many of these so called unemployable
could find a job in a very short time if they were required to work in
so called demeaning jobs. If they were required to work for their
unemployment checks and submit to drug tests many of them would find a
better job within a week.

It is way past time to stop supporting people who can and should work, too
many people in not only this country, but around the world as well have
come to expect handouts, they believe something is actually owed them,
the only thing the world owes them is a chance to make a living, it
doesn’t owe them a living.

Of course governments, and our present administration as well, want people
to be dependent on them , it is to their advantage to have people think
that government can provide for all their wants and needs, in that way
it guarantees votes and their ability to get elected. Immigrants at one
time were promised a chance to make their own way and carve out their
destiny, now the liberal and socialists politicians promise them a free
ride and all the perks that go with it.

They come here expecting handouts and the more we give them, the more bitter
and unappreciative they become. There is something to the fact that the
more one is given, the more resentful they become, look at some of the
Hollywood stars and public officials. The enjoy a huge amount of success
and fame, they then become resentful and turn against the very system
that made them what they are.

Many also have no spiritual foundation, they have nothing to believe in ,
the wealth and fame creates guilt because they have so much more than
others and when they strike out at the establishment, they are actually
striking out at themselves. They feel like they don’t deserve it and
unconsciously  compensate by blaming someone else for their
insecurities.

The best way to give people a sense of worth is to have them work for what
they have , when people are given what they want and need with no effort
on their part, what they are given has no value to them because there
was no effort to earn it. The worst thing society can do is to give an
individual or group of individuals a free ride, it never works to any
one’s advantage.

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Gary has been a writer/ photographer for over 20 years, specializing in nature,landscapes and studying native cultures.Besides visiting most of the United States, he has traveled to such places as Egypt,the Canary Islands,much of the Caribbean. He has studied  the Mayan Cultures in Central America, and the Australian Aboriginal way of life.Photography has given him the opportunity to observe life in many different parts of the world!

He has published several books about the various cultures he has observed.

For more information and a link to his hard cover and Ebooks,and contact information: please check his website.www.commonsensejourneys.com

Your comments appreciated

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