Economics & Racing Beyond Our Means - Page 2

Gary Smith · 04-13-2008, 10:47 PM

Quote:

Originally Posted by Jason Fuller

Bruce,
All you need to understand in our economy is the origin of the "Federal Reserve". Search it, and then research it. Please,for the sake of all that is still good, understand the beast we are all fighting against.

The Federal Reserve.. KNOW YOUR ENEMY!

Jason, this is the exact issue that drove me to starting this thread. I encourage everyone to google the Fed Reserve and the ugly truth behind it. I was shocked what I found out.

Adger Smith · 04-13-2008, 11:35 PM

oh yea! Good old Ben Franklin & his paper money.

FED 387 · 04-14-2008, 12:43 AM

My truck is paid for so's the trailer---the race car is too owe $1500 on Sears card bought a new washer dryer and stove---BUT I GOT MY HEALTH !!! Other than that liifes great!!! My wife recently retired ,but before she did she was involved with putting on seminars for all types of physicians,These were put on in conjunction with Johns Hopkins Univ. ---These seminars were called "The business of medicine"---Drs. would attend the courses and it was amazing to see such well educated people with not a lick of sense about how much money they were owed or where it all was going too!!!! These guys had receivables that were far in excess of most peoples annual incomes( sometimes in the 100 of thousands of dollars) and yet they did not know this!!! The course was a basic economics course for people with Doctors degrees in medicine kinda like what you might teach to a senior in hi school or en entry level college freshman/sophomore.. When the classes were over you should have heard some of the comments like"wow I never understood where my money was going or why I had never even collected the money in the first place/ or I didn;t know I made that MUCH where is it??? !!!! Sad but true... I live in an area that has become a "yuppie" area the last 10-15 years-These 30 something guys live in 10,000 foot houses worth 2-3 MILLION dollars with real estate tax bills of 40-50 THOUSAND dollars a year-wives don't work --kids in daycare all day---lawn service cuts the grass--- pool guy maintains the pool- and these guys bounce checks all over town---Many are on a cash only basis with the pool/lawn /cleaning lady --PAY BEFORE WE DO THE WORK!!!-My last tax bill on 18 acres of FARM land was $21000 if I subdivided it my tax bill would zoom to $150 THOUSAND on vacant property ----Schools are great but I have a volunteer fire dept--county police protectiion--NO parks-- a library that is mediocre---County plows the snow and maintains the roads--but you should see the PENSIONS these govt workers get!!!!! It's enought to make you vomit---Well my 2 CENTS---Comp 387

Philip Saran · 04-14-2008, 01:58 AM

This has been a wonderful thread, it should open the eyes of people who think
everyone lives the golden life.

I live in SOCAL and too many people here think it is where you live, what you
drive and what style of clothes you wear that make the person.

The Duster was paid for in cash, the car trailer too. The parts I buy for it I pay
as I go. Where ever I can I try to horse trade for parts. Yes I have a payment
on the truck, but small. Wife drives a 2002 Toyota with 118K and still ticking.

04-13-2008, 11:35 PM	#2
Adger Smith VIP Member Join Date: Dec 2001 Location: Texarkana Ark/TX Posts: 2,446 Likes: 575 Liked 880 Times in 311 Posts	Re: Economics & Racing Beyond Our Means oh yea! Good old Ben Franklin & his paper money. __________________ Adger Smith (Former SS)

04-14-2008, 12:43 AM	#3
FED 387 VIP Member Join Date: Jun 2006 Posts: 3,421 Likes: 529 Liked 333 Times in 180 Posts	Re: Economics & Racing Beyond Our Means My truck is paid for so's the trailer---the race car is too owe $1500 on Sears card bought a new washer dryer and stove---BUT I GOT MY HEALTH !!! Other than that liifes great!!! My wife recently retired ,but before she did she was involved with putting on seminars for all types of physicians,These were put on in conjunction with Johns Hopkins Univ. ---These seminars were called "The business of medicine"---Drs. would attend the courses and it was amazing to see such well educated people with not a lick of sense about how much money they were owed or where it all was going too!!!! These guys had receivables that were far in excess of most peoples annual incomes( sometimes in the 100 of thousands of dollars) and yet they did not know this!!! The course was a basic economics course for people with Doctors degrees in medicine kinda like what you might teach to a senior in hi school or en entry level college freshman/sophomore.. When the classes were over you should have heard some of the comments like"wow I never understood where my money was going or why I had never even collected the money in the first place/ or I didn;t know I made that MUCH where is it??? !!!! Sad but true... I live in an area that has become a "yuppie" area the last 10-15 years-These 30 something guys live in 10,000 foot houses worth 2-3 MILLION dollars with real estate tax bills of 40-50 THOUSAND dollars a year-wives don't work --kids in daycare all day---lawn service cuts the grass--- pool guy maintains the pool- and these guys bounce checks all over town---Many are on a cash only basis with the pool/lawn /cleaning lady --PAY BEFORE WE DO THE WORK!!!-My last tax bill on 18 acres of FARM land was $21000 if I subdivided it my tax bill would zoom to $150 THOUSAND on vacant property ----Schools are great but I have a volunteer fire dept--county police protectiion--NO parks-- a library that is mediocre---County plows the snow and maintains the roads--but you should see the PENSIONS these govt workers get!!!!! It's enought to make you vomit---Well my 2 CENTS---Comp 387

04-14-2008, 01:58 AM	#4
Philip Saran Senior Member Join Date: Oct 2006 Location: Parker, CO. Posts: 728 Likes: 165 Liked 14 Times in 11 Posts	Re: Economics & Racing Beyond Our Means This has been a wonderful thread, it should open the eyes of people who think everyone lives the golden life. I live in SOCAL and too many people here think it is where you live, what you drive and what style of clothes you wear that make the person. The Duster was paid for in cash, the car trailer too. The parts I buy for it I pay as I go. Where ever I can I try to horse trade for parts. Yes I have a payment on the truck, but small. Wife drives a 2002 Toyota with 118K and still ticking. __________________ Phil Saran Parker, Colorado