muses of the moment

May 4, 2015

And everything can be a derivative…

Make your bets now.

Click here for P2P derivatives.

It was just a matter of time before a New York/London mathematician got a hold of something that might actually work past the debt system breakdown.

BTW, you can bypass the internet, banks, and Wall Street and starve them of all money and fees and help out worthy creditors by loaning money directly to a person with integrity that you know and trust. You can charge them a reasonable interest rate, get income, no one ships fees to Wall Street, no one creates derivatives that blow up whole markets, and you hold the collateral. If they don’t pay you back….you get the collateral and/or you get to deduct it as a loss. And you know where they live.

This is how a relative of gg’s bought their first house in 1952 with a 15-year loan to an individual who held a lien against the house.

But you must find a person of integrity 🙂

And, for those you know without integrity….

Side musing: if you have a “friend” that you can’t stand and want to get rid of….loan them money. You may not see your money again, but you will never see them again.

Gifts: you can also just give money to people, up to $14,000 per year per person without a tax liability on either side. If you want to see your character and/or the character of another person, don’t lend them money, give them money.

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