As we watch the TV and listen to the radio here in south Florida on the south Florida
business report this week end its report was on the same day that Mitt Romney came to Port Saint Luci here in Tinker's area!
Fresh after his debate with Obama in which its pretty well thought on the TV that he was the winner of the debate
but Tinker had taken his PTSD meds and did not see the debate and only saw the highlights of it on the various reruns
on Cable TV. One of the shows on Fox news this week end after the debate showed where the fox reporter showed people pictures
of some of the political persons in the news to younger generation Americans. Here they did not very often know who this political
person was or their name or position but they did know the likes of Justin Beber it kinda gives you an uneasy feeling.Here
in this area although alot of the United States is very dry and in the drought and the price of food especially meat is thought
to be going through the roof as the price of corn for feed and other agricultural products are in great demand and scarce
as other people around the world are having more money then ever before even though they too are in a financial pinch they
have been changing their diet and adding products like meat to there food intake which alot are produced by western countries!
We here in South Florida have had lots of rain and many places here in south Florida have been flooded. With also the big
lake of Okceechobie which is a big fresh water lake in the everglades of south florida the water level is high and the dike
surrounding it is 70 years old built after a hurricane came ashore in the depression years and stopped right over the lake
and it rained and rained and drowned hundreds of residents.The dike has flood gates and they have been open during these days
of Hurricaine ISSAC the fresh water has flooded the salt water marshes and killed the clams and oysters and made fishing
less productive the usual! This while this heated election for many postions not just the presidential one, and the war we
have and talk about the war we mite be getting has made the situation quite fluid. Having a hurricaine come ashore and stop
where it does not move is one of the worse things that can happen here in Florida and the weather systems here have been
showing stalled weather fronts operating while these days of rain have in-undated many parts of the community!
Back in the late 1970's Tinker read a book called,"how to get rich", in it if Tinker can remember
was the idea to become a landlord and collect rents. It also talked about the stock market and options and complicated stuff
like that. But mostly Tinker remembered about how if you were a landlord you had a monthly income to work off of and later
we find that they have an investment known today as a REIT( real estate investment trusts). Here in South Florida Tinker know
rents and lives in a rental complex it is very convient compared to other place's he has rented other family in Florida own
their own house one is in a gated community and my father lives in a trailer with hurricaine's and storms my father when the
weather is bad has to evacuate and one time when my mother was still alive my sister took my dad and mom and brother and neice
out of town to Orlando to get out of the way of a hurricaine by the time they got back my sister had charged up over $4000.00
dollars on her credit cards in gas food and logging and when they got back to my dad's trailer there was aluminum from alot
of trailer's scattered all over the place! My dad had minimal damage to his trailer but after that everyone in town got flat
tires as the roofing nails were spread all over the streets of the city from the damaged by the storm. In things like
cable TV and internet connection Tinkers friend Warren lives in a rental property and where they use to have free basic cable
TV they now only have a couple of channels and the rent has gone up! In some gated communities where home owners exsit sometimes
the community can get a special rate for cable services but for the most part with foreclosures and real estate fraud and
insurance problems many of these deals do not exsits! So living in Florida can have its draw backs and can be expensive even
though you don't have the high heating bills in the winter like up north!
Whether or not it is politically correct or not Tinker does most of his shopping at Wall
Mart here we can buy food with a good selection at relatively lower then regular grocery store prices! Its gets to where it
is one of the highlites of the month to go and fill his kitchen with ground beef and soups and water and bread but even though
it is not too far away from his house alot of time he finds himself at a regular grocery store too!
On Tuesday night on American Greed the show was about the Mormon bishop and Ponzi artist
Shawn Merriman. Who after granduating from the Brigham Young universary majoring in economics took a job as a stock broker
for a company that specialized in penny stocks at 100% commision! Due to the intensity of the job Merrimen started buying
stock in the companies to help him sell the stock which was against the rules and Merrimen was let go after complaints from
some of the customers! After a stint at another company as a stock broker Merrimen started his own investment company called,"
Market Street Advisors", having bad luck on some of his trades Merrimen lost some $400,000 dollars and decided he could not
be guilty of this and started a PONZI to repay the losses. Using investors money and using his connection to the Morman church
Merrimen added editions to his house and traveled the world with his family bought fine art and was a big game hunter
operating from the late 1980's into the 2000's. Merrimen was made a bishop in his Morman faith and when the feds came calling
he had over 200 pieces of fine art stored at his house had traveled all over the world and had vintage classic car collection(
he traveled around to car shows and exhibitions telling people he was in a very private investment group and soft sold his
PONZI to investors), as well as a Taxodermy work shop all in his house on five acers of land.All stolen from his investors
many of whom were Mormans!
Trying to understand the investment world Tinker listen to this guy on the TV the other
day explaing about Venture Capital Companies as this election has let people learn about the like's of Bain Capital a private
equity company. Never the less on the TV the other day this guy talked about when Venture Capital Companies invest in a company
and it goes under many times they write off the loss and don't explain about the failed business but take over the assets
of the investment and call it an aquasition!
This night the 10th and 11th after a rerun of mob money murders and aquasitions
came the newest American Greed about the Alan Stanford 7.2 billion dollar certificate of deposit PONZI scheme which he just
got sentenced to 110 years. Operating from the Island of Antigua and operating the Stanford International bank.Alan Stanford
was knighted buy the goverment of the tiny Island and with investors money bought helicopters and executive jets and offices
in Houston and Florida and the Carribean and south America. One weird note is he made a blood oath with the banking regulator
on Antigua cutting each of their fingers and mixing the blood together. Stanford got his start in a physical fitness business
that went out of business in a small town in Texas and then went into the of shore banking business! As this story was told
on the TV tonight it is not known where he got the 6 million dollars to start the banking PONZI of 7.2 billion dollars!
Friday night Saturday morning the 12th and the 13th American Greed is reporting on TBW,(
Taylor Bean & Witager)
mortgage company based in Ocala Florida which had inside connections to the Colonial bank who overlooked his overdraft
of over 100 million dollars! This company ran by a guy named Lee Fargus manufactured bogus mortgages and sold them to Fanny
Mae! He had a jet aircraft Sea plane corporate hanger and rare cars and several homes from Florida to Maine he was a
very busy con man with 2500 employee's the company expands
into luxurious corporate offices.Colonial bank files the paper work for a 553 million dollars asset relief loan
program, goverment employees find most of Colonial banks loans are held by TB&W and big red flags pop up! The goverment
rejects Colonial application for Tarp money! The FBI realize most of Colonial bank and TBW are fake loan's and cooked
books! The FBI raids Colonial bank and TBW offices Colonial bank files for Bankruptcy with 26 billion dollars in assets!
The sixth largest bank bankruptcy in U.S. history 500,000 homeowners had loans and mortgages with TBW! Fargus's trial
starts in April 2011 charged with wire fraud, mail fraud and securities fraud June 30 2011 Fargus gets 30 years!
Ok so if we talk though these cases the goverment wanted to give Fargus 380 years! This day Saturday
we like to talk about airplane's and spaceship's but because of the PONZI sheme's we have to talk about stuff that relates
to the reality of the situation not only that we are getting information from NPR about the history of stuff! Today Saturday
we have the music channel on and they have all sorts of music!Alternative and classic Rock things that bring you back to the
beginning of the post Vietnam era and we think that the dollar really stops there! The story about where we are at today relates
to how we got there! This week Merkel the head of the German goverment went to Greece and reported that they are trying to
become more cash inventive!