Host: I want to ask you a question. I’ve been seeing increasing stories about expats who’ve been here for a number of years, got the acts or the company just dissipated or self-destructed but they found that they decided instead of going back to their stomping ground it would be expensive, you have higher taxes. They’re actually like taking themselves out of circulation in going to these…out in the sticks in the middle of Luzon in the Philippines trying to ride out the wave a little bit. are you seeing a lot of that?

Fred Schlomann: That sounds like a great story and a great vacation.

Host: But that keeps them mobile. They’re also a flight away, an hour and a half.

Fred Schlomann: It keeps you in the region. Why go all the way back if you think you’re going to end up here? Give yourself some flexibility.

Host: Somebody has trouble in Hong Kong or Singapore or Tokyo going to new York, going to lower Manhattan is not going to involve any problem, correct?

Fred Schlomann: That’s right.

Host: Because you still have a very expensive housing and all that.

Fred Schlomann: Individual by individual. If you’ve got a family, with kids in school that’s one issue you’ve got to deal with. If you’re single, flexible. That’s a whole other story.

Host: That’s a story and issue for another day. Like anomalies do you get married and declare joint income or do you shack up because it’s more advantageous. We’ll do that another day… but thank you very much for sharing your thoughts.

BREAK

(Viewer Emails)

Host: Time to focus on the emails you’ve been sending us during the show. Here’s just one to get us started. They’re really quite a potpourri today. Keith writes in: I propose two quick fixes to stabilize America, one: eliminate all short sales and treating credit-default swaps or cvs as insurance to buy one you have to have insurable interest and to sell one you have to be a regulated insurance company So using these products for the real intentions perhaps that they were created for. Todd, any answer…this would kind of lead us back to a cash system wouldn’t it?

Todd G. Everts: The idea of having an insurable interest is a unique one that I haven’t thought of because it does allow…it eliminates some of the speculating but then if you take it to the next step then you would say why should somebody be able to speculate on the price of oil and price of commodities but having an insurable interest certainly would make those instruments less liquid but priced more closely to what they should be priced at based on the default opportunity.