Forum Post: Financial intelligence to those who weren't intended to have it
Posted 11 years ago on July 8, 2013, 3:27 a.m. EST by Kavatz
(464)
from Edmonton, AB
This content is user submitted and not an official statement
If you had a boat, a car or a house, would you call them assets? You would be wrong to do so, they are liabilities. The related transactions (payments), do not go on the good side of the income statement. Never finance something that depreciates.
Can you make a better burger than McDonald's? Obviously yes, but you can't make a better selling burger. The system is the product, not the food.
It's this kind of knowledge 99% Conglomerate Subsidiary owners will learn quickly.
If you want to work for the rest of your life, that's fine. The Conglomrate needs people like you. If you are an owner, you hire people and pay as little as possible.
If that doesn't sound like a cool thing to do, consider this. Every worker is given every opportunity, information and encouragement to create their own Subsidiary. No one gets a hand out but no one is refused a hand up (to a higher level of success). Workers of Subsidiaries learn quickly that you work for experience, not money.
If you are broke now, a pay increase will never make you financially free. Workers happy with their income, position and forecasted security will remain as ever valuable to Subsidiaries, but the goal is to cycle as many local workers through the system as possible, hopefully turning out as many new Subsidiaries as possible.
The pool of unemployed workers is vast but, like the resources on the planet, finite. The Conglomerate won't stop until every single consumer, worker and entrepreneur in the world (excluding elite) is participating.
and, may I plug www.debtsuspensionrights.blogspot.com, which fits this topic perfectly. I expose ways in the financial elite have created paradigms that robotically get followed by EVERYBODY, even when they don't make sense. Two of my biggest topics are the fraud behind reverse mortgages and why judges don't differentiate between a strategic credit card default, and an involuntary credit card default.
Millions of consumers who experience an involuntary credit card default are treated no differently than a common criminal who simply wants to run up debt and not pay it back.
Once the asset liabilities are paid off, they are supposed to become assets. However, even this concept gets corrupted by the financial elite.
A 10 year old car is damaged in a car accident. To fix the damage would cost 5,000 dollars. Instead the Insurance company cuts a check for 2,500 dollars and calls the 10 year old car "totaled".
However, this is utter nonsense, because that paid off car might be saving the owner several thousand dollars a year since it can't much depreciate anymore and monthly payments ended years ago.
Just another way that well taken care of older asset is outsourced by the financial elite. The car insurance you pay is to fully protect expensive assets that have not yet been paid off, but not fully protect your own older car!
Ironic no? Your car insurance is first and foremost to protect the banks financial interests on cars that have not yet been paid off!
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"The system is the product, not the food." I agree wholeheartedly. A great book on systems is "The E-Myth"...
And I always chuckle when someone calls their house an asset.
hehe ya. I'll check out the book for sure, thanks!
Correct me if I am wrong, but it appears that at the moment we cannot post our own topics?
No - you should be able to Post once every three hours - if you can't contact the site.
If you look to the right you will see a huge 10 hour gap between new posts, and then only a couple since then. There is some type of glitch right now. However, now I can post a new topic.
Weird did you send in an inquiry?
No, but the problem of being able to post a new topic seems fixed now.
Well that's good. Maybe there was some kind of server maint. going on?
Maybe it was anonymous's evil twin.
I guess I previously never noticed that we can only log in from the main page. So once we enter some other part of this site, if we are not logged in, we have to go back to the home page or we cannot post.
I've had no trouble replying to my own posts lately, but I am getting a fair amount of comments that don't seem to exist anymore. I thought there would be a DELETED or REMOVED, but often there is no trace.