Tuesday, September 23, 2014

You Extending Credit

Stockman has also panned Alibaba IPO.  He is far more qualified to critique it than I.  Check your pension statements and see how much you got.

When the crash comes, people will need things.  The banks will not be lending credit, because they won't have it either.  This will be good, because it will take usury out of the equation, to some degree.  But you'll need to extend credit to customers who can pay you back, just as others will to you because you are producing.  No one will charge the other interest, the way it was just 50 years ago in business.

Produce something people need (that advice is no help, I know) and you'll be in business.  These will be good times, as small businesses will be in a bull market.

Feel free to forward this by email to three of your friends.


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