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The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 660


The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 662
Every year, at tax time, I get to make some decisions as to whether to view some transactions as reductions in the cost of doing business or increases in earnings. No...

For the moderatly rich the normal banking system isn't working.

Imagine the guy who has no mortgages, pays the cars in cash, and the 3-4 Credit Debt cards are targetted at accounts with only small amounts in them; and paid in full at once.

Capital is tied up in working buttets that have moderate value as the tax buttessor sees it; and in a fully paid home that is almost invisible in public records.

The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 661
While theoretically all that you claim may be valid, the "appreciating inventory in a warehouse" can represent...

This guy could probably raise $10m if he has to, but prefer to lay low and generate income. Speaking of which, most of this is dividends, and the formal job is irregular; also giving a pretty irregular take-home pay. Not a problem for the guy; who has funds to live a year or two without income; but the banks see red flags everywhere; and see nothing to counter it.

I have taken out one of those "super-guaranteed" MC cards DnB is pushing, a visa on a separate account; and a separate MC for smallish Internet payments; with a hard, non-exceedable limit of NOK 2k-month (approx $280). The CC company guarantees they will directly bounce everything above that. This is used for stuff like cd's, domain names, registrations and fees of various kinds.

It has taken some determined programming of the banking system to acheive this; and a knowledge of the available limit fields on the Credit Debt cards. The banks can set these at will, but most banks don't know they exist.

(I have experience from this from a summer job overseeing the "adapt the juvniles to Credit Debt card" program. You start with your own card with a $50 limit month when 14, enforced with a hard limit. If you behave you get another $100 for every year; and by the time you are 18 and need it you actually have a viable Credit Debt history; and can get a 'real' Credit Debt card directly. This program used these variables on cards to the limit to enforce the program. If they lost the initial $50 they just took it as a marketing expence.)

The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 663
That's one! There are other amusing variations too. But none of Al Greenspan, Fannie Mae or Freddie Mac...

-- mrr


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The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 661

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The 8008 was: Blinky lights WAS: The SR71 Blackbird was designed ENTIRELYwith slide rules 659