1 Topic by The Yell (edited by Demotivator 21-Oct-2011 18:53:51)

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Topic: Social Security is Bankrupt, Sauve Qui Peut

America's national pension plan is kaput by 2017.  To survive we each must find our own way

I plan to work like a dog til I die, like a cowboy.

Alternatively, I will

1. create a services corporation (what services, doesn't really matter. Data encryption)
2. Sell long-term contracts for services.  Will I actually do work and be paid for 10 years? Hell no. Does it matter? Hell no!
3. create a holding company and transfer my equity in the services corporation to the holding company
4. have the Holding company borrow to the hilt from UBS using the equity in the services company as collateral
5. having leveraged the high value of my services corporation already, I will then have the services company borrow to the hilt from JP MorganChase

ok to this point we have been legal

6. Bust out both companies' assets and bank accounts.  This damages UBS and JP MorganChase.  But they banked for Hitler, so, screw them!
7. Buy gold
8. move to costa rica. Costa Rica doesn't extradite anybody.

but that all might be more work than just working til I drop like a cowboy. Also cowboys are cool.

Oh yeah, and the felony thing

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

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2 Reply by Little Paul (edited by Little Paul 21-Oct-2011 19:29:34)

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Re: Social Security is Bankrupt, Sauve Qui Peut

Alternative plan:
If you have enough money, you can create a big company that exists solely on borrowed money.
Then make the company loose to much money on you and your friends by clever constructions.
Finally let it be "saved" by obama so you get even more.

You pawn Stalin if you're good.

Oh, don't forget you're not supposed to actually lead the company, or achieve something with it. In that case you entirely missed the point!!

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Re: Social Security is Bankrupt, Sauve Qui Peut

Alternatively, one could simply borrow money from himself (or his business) like the banks do and then just keep bailing himself out as necessary with more loans, and, as inflation keeps rising, one would actually make profit.

If people figured out how to be one's own bank, heck, like the banks, nobody would ever have to any actual work again.

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Re: Social Security is Bankrupt, Sauve Qui Peut

Or just move to a real country...

tongue

I am sKoE
Do you know what the chain of command is here? It's the chain I go get and beat you with to show you who's in command.

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Re: Social Security is Bankrupt, Sauve Qui Peut

i SAID emigrate to Costa Rica

The core joke of Hitchhiker's Guide to the Galaxy is that of course no civilization would develop personal computers with instant remote database recovery, and then waste this technology to find good drinks.
Steve Jobs has ruined this joke.

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Re: Social Security is Bankrupt, Sauve Qui Peut

naw - just be your own country

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