This is my first 2013 post here but it is about nothing. It is ONLY for the record - read it at your own risk.
Wednesday, January 2, 2013
Monday, December 31, 2012
In keeping with my Realist (not necessarily Pessimist) view of things, let me predict what might happen in the U.S. in the near future - very possibly in or by 2014. First, the U.S. Federal Government will run up an unimaginably huge deficit, its credit rating will plummet, and the dollar will become nearly worthless. The government will then, of course, be unable to meet its obligations as far as pensions and Social Security payments. China, India, and Europe will come to the rescue by buying American companies, industries, and businesses and hiring Americans to run them and work in them. The U.S. will have to sell U.S. territory as well in order to survive. The American Southwest will again become part of Mexico. As a result of several natural catastrophes, American food production will shrink to well below minimal subsistence levels. Millions will starve. Violence, political chaos, and social desperation will prevail in every American city. Millions will die from simple diseases. In return for total disarmament, Russia will help out with the food shortages. America's economic and military presence all over the globe will be scaled back to zero. This will plunge the entire world into a new dark ages for a short while. Europe will then take control of all Middle Eastern countries and will become dominant among world nations once again. Prosperity will have disappeared but the world will have peace and security. I might, of course, be way off the mark. Pay no attention to me.
Saturday, December 15, 2012
Twenty children and a few adults were murdered yesterday in Newtown, Connecticut. The school Principal was among the victims. The violence occurred in Sandy Hook Elementary School at around 9:40 in the morning. Now, my point is this: when the Principal got up that morning - let's say around 6:00 a.m. - she had absolutely no idea that she would die later that morning. No clue whatsoever. In fact, even ten minutes before she died, she knew nothing about what was about to happen. Neither did anyone else who got shot and died. But God knew. He knows everything, even before it happens. God chose not to intervene. My question - and I keep asking this - why didn't God save them? God is all-powerful and saving the victims would have been absolutely no problem for Him. Why did He not save them? Anyone know?
Thursday, December 13, 2012
We came close to selling a 4 Head bond yesterday. The only problem? The seller wouldn't show the bond. Is that impractical or what? Our offer: 500 million USD. Why do bond owners say they want to sell and then not show up? The only reason I can think of is this: they don't really have the bond, even if all the documentation shows they do.
Sunday, November 18, 2012
Tuesday, October 2, 2012
Bond buyers are now looking for Potosi and Queen Victoria bonds. If you are an interested broker - someone who knows someone who has the bond - forget about making any deals. Once you put the main parties in touch with each other, you will be cut out of the deal. Buyers (and sellers) don't like paying more than one person on each side. Do not believe anything that anyone tells you about getting part of a healthy commission. You will NEVER be paid. There are a hundred excuses being thrown out that will justify the buyer and seller cutting you out. They will also just flat out lie to you. Do not waste your time on this. The business is great but the honest players are non-existent - there are NO honest buyers or sellers out there. Sorry.
Wednesday, August 29, 2012
So, the much-sought-after Black Eagle, so-called 27500, Mexican bond is again in high demand. I know it's not easy to find and many who claim to own it do not. They may have paperwork which they copy over and over again but that proves nothing. The due diligence required to process such a bond includes a search of data bases which tell the whole story. It's like doing a title search on a property. Remember that. Photos alone tell only a small part of what's necessary. On the other hand, if you are a seller, be wary of any buyers who claim they can close quickly. The process usually takes more than two months. Anxious brokers say you can close in four days. I have never see that and I never will. I know better. Most buyers may have down payment money to make purchases but they often have to borrow the capital needed to actually close. Or, they may need to set up joint ventures to secure the money needed to close. Those things take a lot of time. In the meantime, your bond gets tied up for many weeks. Most buyers are borderline dishonest, if not outright dishonest - much worse than used car salesmen. Beware. Most brokers who have somehow found sellers have often come away discouraged with what they have encountered and still, they try to put deals together. Unless you have a great sense of humor and can absorb the absurdity of the entire bond dealing scenario with a good attitude, stay away because you will only end up frustrated and disillusioned. Enjoy whatever it is you do and count your blessings. Things could always be worse.