therefore, usury laws don't apply. rationale behind this is that the seller is at risk in giving up possession of personal property without receiving full payment at the time of the sale. in some instances, the court may elect not to nullify agreements that appear to violate valid statutes. this particular case involves a structural engineer named phillip logan who was hired by a las vegas contractor to consult on a multimillion dollar building project. >> most of the preliminary design work had been done by the time i got involved. a lot of money had already been spent. i was out there for, oh, about a week or so i guess, but it didn't take long to figure out there were some major problems; real basic kinds of things; things that there was no way you could ignore. anyway, i put it all down on paper when i filed my report and flew back home to california to get back to business as usual. i don't usually work on projects out of state, but an old engineering buddy of mine from college days who lives up in nevada, he was

well it is a rarity you know it's usury and what they're doing look look at christmas sales in the states why did they go up they couldn't be because people increase their credit card debt november and december by about twenty billion each month the savings is being depleted and they keep having them consume and you started talking in the earlier part about all these uprisings that are going on and what all this is going to mean here is what it's going to mean. in a business that aren't great lar it is and we wrote this last year it was our spring edition the first great war of the twenty first century has begun it's not a pro-democracy movement over in tunisia or egypt or bahrain or in yemen it's not hooligans that we're taking to the street in britain it's not add or kissed zain grease these when the money stops flowing down to the man on the street the blood starts flowing in the streets yes it's neo feudalism but there's one difference this time warren is that the serfs in the peasants are educated and they know what's going on tell you a big biz this is the years come a great entrepr