Former Wall Street executive launches a Global Rich Mans Pawn" in response to his predicted downturn in the markets and economy
With the downturn in the economy a former Wall Street exec opens global pawn shop for the rich as the economy is headed for troubled times. Matthew Burns is a global economist, a builder of major corporations and now the owner of a rich man's pawn shop. We pawn Jets, Yachts, Paintings, Diamonds, Ships, Exotic Cars, Music & Film Catalogs, any other asset of sizeable value.
*** FOR IMMEDIATE RELEASE ***
*** FOR IMMEDIATE RELEASE ***
CONTACT:
Matthew Burns Chairman & CEO
Asset Assistance Group, LLC
819 S Federal Highway Suite 200A
Stuart, Fl 34994
Phone: 772-219-8858 Ext 23
Fax: 772-219-8851
Mobile: 561-349-7858
mburns@aagmoney.com
www.aagmoney.com
Former Wall Street executive launches a Global Rich Mans Pawn" in response to his predicted downturn in the markets and economy
Stuart, Florida -- August 5, 2002 -- With historic deflation throughout the world, industries cannot continue to make profit", says Matthew Burns, CEO of Asset Assistance Group, LLC (AAG). Luxury assets will flood the market without lenders or buyers readily available. AAG, created in January 2002 will be there with available cash to assist people with assets of $10,000 to $100,000,000 in value. Never before has there been a use for the pawn law in this way to Mr. Burns knowledge.
As the markets go down and the economy follows, the banks will experience increases in defaults and financial woes as portfolios go down in value. Lending will tighten and AAG will be there with cash to loan or purchase the assets allowed under the pawn license. AAG can charge combined rates and fees higher than the banks allowing recovery of the exaggerated costs and risks that the banks will not or cannot take in the coming economy.
People with great wealth will be strapped for cash. Luckily they have assets that on a global basis are worth money under any economic conditions. The global economy has great relevance to AAGs ability to succeed", says Burns. Global economies and differing political structures guarantee that some economies, and executives within them, will do well and buy what other executives need to pawn and may not recover". We will adjust our price and interest rates to assist the middle class in times of hardship as much as possible." Matthew adds.
Global realignment of labor and services out-sourcing may have a sharp impact on the economies of the industrialized nations. The governments should have been more forthright about the probable short term effects of international treaty and trade agreements combined with broadband. It is common sense that if the possibility of immediate live communication through computer technology is cheap and readily available, then labor cost will become the deciding factor for placement of work for the multi-national industries throughout the world.
AAG was built on a prediction that appears to be very accurate. Whether it is a margin call, tax liability, emergency, avoiding financial disaster, special investment opportunity, divorce, business upheaval or others, AAG stands ready with private, confidential and sensitive service. If the client is unfortunate and cannot pay AAG, there is no credit embarrassment, repossession, court action or pursuit.
For additional information:
Timothy J Martin
Vice President of Sales
Asset Assistance Group, LLC
tmartin@aagmoney.com
www.aagmoney.com
Office: 772-219-8858 Ext 24
Mobile: 772-349-4160
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