Moola
Next Stop: Serfdomville
29/September/2010 21:11
"I'm no fan of the banks bailout and TARP, but the ability for a business like mine to get capital has been insanely difficult." This quotation comes from Michael McKean, a Florida entrepreneur, as the last line in a Wall Street Journal article, “Entrepreneurs Mixed on Small-Business Bill”, which president Obama signed into law with much fanfare on Monday. This article follows the general tone of similar articles, of similar media outlets, which still bother with something called journalism.
The main focus of the bill is some billions of dollars in small business loans which the bill seems to make harder to get, but might really help those who qualify.
Where in the world did we get the idea that we could run a country and a world solely on debt financing?
I might be getting old, but as best I can recall, the serious slouching toward Serfdomville must have begun during the Johnson administration where we decided we could fight a military industrial complex war and construct a Great Society at the same time. But back then I was just a stupid kid with a worldview that consisted of athletic competitions.
Some conservative commentators have stated that after the Republican landslide in this November’s midterm elections, the 2012 Republican presidential candidate will be running as a reincarnation, or channeling of the Gipper, Ronald Reagan. My suggestion is perhaps they should find someone whose ideas are not a generation old, but then again, I am not a member of the progressive-lite elite.
A few years ago, I was shopping at one of the best known independent sporting goods stores in the Spokane Valley. When I returned from looking at the boats and canoes, there was a man putting a swivel seat in a new fishing boat. You could tell by the demeanor and the way he approached this somewhat menial task that he was highly overqualified for the position of seat installer. As we discussed the state of the world he made the comment, “Pretty much everybody in Spokane has a job, but nobody is making any money.”
I thought that was a rather profound statement for a city that essentially owes its existence to a regional service distribution center.
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The main focus of the bill is some billions of dollars in small business loans which the bill seems to make harder to get, but might really help those who qualify.
Where in the world did we get the idea that we could run a country and a world solely on debt financing?
I might be getting old, but as best I can recall, the serious slouching toward Serfdomville must have begun during the Johnson administration where we decided we could fight a military industrial complex war and construct a Great Society at the same time. But back then I was just a stupid kid with a worldview that consisted of athletic competitions.
Some conservative commentators have stated that after the Republican landslide in this November’s midterm elections, the 2012 Republican presidential candidate will be running as a reincarnation, or channeling of the Gipper, Ronald Reagan. My suggestion is perhaps they should find someone whose ideas are not a generation old, but then again, I am not a member of the progressive-lite elite.
A few years ago, I was shopping at one of the best known independent sporting goods stores in the Spokane Valley. When I returned from looking at the boats and canoes, there was a man putting a swivel seat in a new fishing boat. You could tell by the demeanor and the way he approached this somewhat menial task that he was highly overqualified for the position of seat installer. As we discussed the state of the world he made the comment, “Pretty much everybody in Spokane has a job, but nobody is making any money.”
I thought that was a rather profound statement for a city that essentially owes its existence to a regional service distribution center.
Read More...
PREFER Moola Partners
10/May/2010 11:05
We have begun work on a new method of financing start up companies such as PREFER Ltd and based very loosely on the model of Berkshire Hathaway. The PREFER Moola Partners concept will use two-tiered stock system with conversion ratio of 20 or 50 to 1. The goal is to put together a funding mechanism that will be applicable from initial seed moola infusions up to a cap valuations of $1-2 million. While Berkshire Hathaway uses insurance as its source of investment capital it is hoped that PREFER Ltd’s old fashioned hard money assets will provide that investment base. It is hoped to have a preliminary Executive Summary of the program prepared by this time next week.