Who would’ve thought it? In this economic downturn I have become a lender. People are losing their jobs and are selling off assets. Some of these people only want loans off those assets. So what do you do? You hold the asset, loan them money and if they don’t repay it the asset is yours. Some people call it pawning.
If anyone out there has cash you should solicit borrowers. There are people out there that really need cash.
If you refuse to loan and there are no ‘decent’ jobs, people will turn further toward DC to solve their personal crisis.
Is ANYONE with cash willing to step up? You don’t need millions of dollars, even hundreds will help. You can get things, for example, like a $8,000 4-wheeler for $1,500. You can get $1,000 rifles for $200. You can get ammo and cars and whatever else you can afford to buy or loan on.
Most people aren’t going to beg you for a loan nor will they even know you’re capable. You MUST solicit it - respectfully and casually.
ANYONE???
I would do it, but I’d have no idea how to go about it.
just talk to co-workers, friends and family. Tell them you’re looking for some good deals. If you know someone that’s hurting, ask them if they have anything for sale. You don’t even have to pose as the buyer. Just tell them you know people. Shake things up and get people to consider the resources around them.
As for loans, you can simply ‘buy’ the asset from them and then give them the right to be the first ‘re-buyer’ at a certain point in time.
The bigger the assets the more likely youll stoke the ire of big brother and the borrower may resort to using him against you. I’d try to stick to smaller ticket items, but thats up to each of you.
I know many people around me that don’t know where their next meal is coming from and are desperate to sell anything. These people are so desperate they’ll turn to government more and more. I’d rather they turn to you and me and anyone else willing to step up and rescue freedom from the jaws of the state.
There’s one reason you shouldn’t do it. The same reason you shouldn’t refuse to pay taxes. That can very easily get turned into a sharking rap, no? I personally don’t want to go into a cage.
Its a personal thing. You must decide the risk you’re willing to take in order to promote freedom in the market.
What kind of aid would it be to libertarians to be denounced everywhere as a group of loansharks? Would it promote freedom and drug legalization for us all to become heroin dealers?
I would think buying assets and making loans on assets would tend to do a bit more good for our fellow-man than dealing heroin - maybe.
Everyone has an excuse. They sit back and discuss anarchy, libertarianism and the state but never do anything about it. Excuses abound!
People that are in dire straights for cash would rather have a ‘loan shark’ around rather than someone concerned about its perception. I guess you could just give your money to them or pay full price for their assets. Then when you’re penniless and broke you can starve with the rest of them.
I guess ‘easy credit’ is the better alternative?
Similarly, you could also invest in cash flows. Cash flow investing is when you provide money at interest to someone who is expecting money in the future. So, for example, someone has to pay $1000 in bills by the end of the month, but they’re expecting $5000 in two months. They don’t want to pay the late fees and interest, so you lend them $1000 at 5% interest, they pay their bills, then they pay you back when they get their cash flow, and everyone walks away happy because you just made an easy $50 and the other person just avoided having to pay extra fees and additional interest.
There’s nothing illegal about pawnbroking. Pawnbroking can bring you high annual returns, which can then be invested in libertarian propaganda.
Propaganda has such negative connotations; try something like “truth-pamphlets”.
I don’t call janitors “superintendants.”
Well there goes my devil’s advocate argument. Does anyone know some sites to help you get started in pawn brokering?
I’m not aware of any. I found this book though. Forex trading seems like a more profitable and better trader for a libertarian interested in economics, IMO.
Yes I think it would, but I have had a look at Forex recently and have come to the conclusion that it requires A LOT of studying to prove profitable, I’d dabble, but with a touch of caution.
Bonds or securities are in many ways similar to loans or debts. When a person is buying a bond, he/she is actually lending money to a government, municipality, corporation, federal agency or any other entity that has issued the bond. Here, the person, who has purchased the bond, is equal to a lender while the issuer of a bond is the borrower. In return of the loan or debt, the issuer promises the bondholder that the principal amount along with a specified rate of interest will be paid when the bond gets matured. Here, the principal value is termed as face value of the bond and the interest rate is accrued during the entire life of the bond.
Financial market, where buying and selling of bonds occurs, is termed as Bond Market . As of 2006, the estimated value of the international bond market was $45 trillion. Unlike stock and commodity markets, bond markets in several countries exist as decentralized trading places lacking common financial exchange. However, in the US, the bond market is completely centralized. The New York Stock Exchange is the largest centralized bond market in the world and represents mostly corporate bonds. The size of the US bond market in the year 2006 was $25.2 trillion. If you are interestrested in forex market then you should consider Automatic Trading as a financial tool.
