assuming assets

ASSUMING ASSETS


We are all aware of what happens when you assume. You make an ASS out of U and ME. I’m rather confused as to why anyone would assume they have any assets at all to pay off debt. It used to be a Sunday ritual, back when I was living in Carson City and working seven days a week ( mainly to pay off lot rent ), me and the old lady would watch a movie or two on the broadcast TV. Whenever I rented a movie, there was hell to pay as she always had something bad to say about them. But TV movies were okay. It took me awhile to figure out that it wasn’t me seeing boobs that pissed her off, but the fact she had to shut up for almost two hours straight. I don’t normally watch TV during the day, it encourages bad habits like starting to live in front of the thing ( like all bad habits, they are fine in moderation ). But I allowed myself this luxury. I seriously needed downtime working fifty hours a week at the paycheck job and another twenty to thirty researching and writing the blog. The usual formula for these movies was that they took an hour and a half movie, cut off fifteen minutes, and had about forty five minutes of commercials during a two hour time slot. God, but there were a buttload of bad commercials. Anyway, a lot of those commercials were independent commercial colleges. You know the ones, earn a nursing assistant degree in eighteen months kind of thing. Also, there were NO gold jewelry cash in commercials.

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Nowadays, I still try to watch a Sunday movie or two. Mainly because after reading about six hours on Saturday, I have a tolerance for only a few hours the next day. TV relaxes me with its mind cocaine and kills the time. A bad habit, but counteracted with very limited TV during the evening anymore ( the Sunday movie uses the sun, evening TV uses the battery ). There seem to be a smidge less commercials, probably reflecting the general trend towards degreased ad budgets. Plenty of Sell Your Gold commercials. But almost no college commercials. They have mostly moved to prime time. Now, I’m just guessing here, but I think that before, the perpetually unemployed by choice would occasionally enroll in a course, for a precious moment giving in to their self loathing and almost deciding to do something with their life. Of course, time to go to class they didn’t want to get out of their PJ’s or hair curlers. Time to pay the first semester tuition and they had no coin left after smoking it all away. But the college must have made something off of enrollment fees. Oh, I’m sure regular people enrolled, finished, then were too embarrassed to admit it since their specialty wasn’t hiring ( learn to be a welder! Oops, I guess taking that class at the top of the housing bubble wasn’t the best timing ). But now, the blood is in the water for these schools. They have hit a bonanza. They have much more money to advertise on primetime TV because every desperate idiot out there is buying into the education myth.

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There are three groups of people out there. Those middle class participants sinking fast with no exit ability. Those with just enough credit left to get deeper into debt by rolling the dice on the college lottery. Sure, some get a job in their specialty. But a minority. The rest have more worthless debt, just like that mortgage. Then there is the third group, with enough credit ( even if it is from the Fed Gov ) to take out a business loan. Which is the very worse kind, even worse than the college tuition. In good times, most businesses fail. In these times, it would almost seem to be guaranteed. Your group with discretionary income, the Yuppie Scum, is a shrinking demographic. Their usual source of wealth is local government. That is shrinking. Allow me to tell you another story. A few months ago our humble town ( full of displaced California Yuppie Scum drawn to the mine jobs like the cowpie crawling vermin they are ) decided that it needed to piss away a few million. So they took the fed gov’s bait of partial funds and reduced interest rates and bought a main street repaving for about fifteen million. A stupid idea, but I won’t get distracted. The year before, a minor road was paved for the same reason but it was much cheaper and run by a competent contractor. This time, they must have hired a mob contractor from Vegas. The work is terrible. I’ve never seen such a group of idiots being paid to screw up a wet dream ( how do you screw up a wet dream? Wake up and jerk off ). The nightmare still continues. But, small businesses are starting to fail because of the mess. One was a nicesteak house that was Yuppie supported and got a nice cash infusion prior to the construction with our motorcycle event, Rumble In The Rubies. All day long the place was packed by money hemorrhaging biker dudes. Yet, a couple of months of difficult access ( not restricted, just difficult ) and the place goes belly up.

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Another was a new Yuppie Bitch exercise place. All morning long I see waddling bitches strutting their stuff ( and a LOT of stuff they did have, none of it very sexy ) into the place. God, what an obscene display of disillusioned importance. They actually stuffed that group of nasty rolls into spandex ( or whatever they are wearing these days ) and strolled across the parking lot with their nose held high and a superior attitude being projected. Yech! I hate to break it to you, ya nasty fat pathetic skeeve, if it wasn’t for alimony and or child support, your well off husband wouldn’t force himself to mount your quivering pile once a month. You are certainly nothing special. Anyway, the business was booming, until it became too much trouble for all these special dears to wait in line with the poor masses as they waited to pull into the parking lot. Now, both these businesses most likely had too much debt to open, or, they couldn’t get more to operate until things returned to “normal”. The old way of business, debt, is no longer sustainable. Where do you turn to cash in assets to pay the debt? What assets? The house is no longer an ATM. And you can no longer even get a minimum wage job to get cash. No one can get a loan to buy your boat or ATV ( if you even have them paid off ). Getting into debt to get a wage is stupid anymore, because more often than not, you have nothing in assets to pay the loan if things don’t work out perfectly.

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