Five Things: The Eventual Upside of Risk Aversion

Kevin Depew  Jul 06, 2009 11:05 am

Five Things: The Eventual Upside of Risk Aversion
 
For States, the worst is yet to come, California issues IOUs -- and at least one person is profiting from it.
 

4. OK, So How Do We Make Money Off It?

Yes, that is the question. And here is the answer. From Craigslist.com, come the following advertisements:



And this one...



And here's this one with a nice graphic touch...





Brandon Schlichter, a 23-year-old self-employed online marketer from Ohio, is among those using Craigslist to connect IOU holders with buyers. Schlichter set up a Web Site, http://BuyMyIOU.com, which makes it pretty easy to exchange a California IOU for cash.
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Comments (32) See All Comments »
07-07-2009, 2:15 pm
See, I think we are in violent agreement. The only issue may be one of time frame or semantics. I agree 100% with everything you wrote from here down:

"also believe you can lower your standard of living while increasing your qualit
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07-07-2009, 2:21 pm
I totally agree. I would add to your list of woes the rampant lawlessness in the federal government. Talk about a game-changing wild card!
I cannot imagine the depth of stupidity one would have to have to invest one's savings in main st
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07-09-2009, 8:46 am
Kevin, your lack of clarity of just what this "time frame" is seems to be creating some confusion. The same people who believed that "bad news" makes Stocks go down are all now contrarians saying, like you (but on a shorter ti
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07-10-2009, 11:41 am
Agreed.
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07-10-2009, 11:47 am
The point was for GM to need the government and for the government to be the savior, the bank, the friend of the Unions.

They talk a good line about "gosh, we wish we didn't have to do this" but it's a smoke scr
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