But the Fed isnʻt “printing” money at the moment. Thatʻs why youʻre feeling left out, Spigot boy.
Your uncle is smarter than you. He is long term leasing out the Caterpillar to pay off both the HELOC and his mortgage. He got a sweet deal on the caterpillar because he knows one of the Cat Execs. Caterpillar gets subsidies through the U.S. Import/Export Bank and thus CAT machinery is much cheaper for both your uncle and the Aussie co. that he leases the CAT to. He is able to live in his home while his HELOC money works to pay off both liabilities. In other words, his home has some income that comes to both the bank while also netting him some income that he defers to his LLC so he can take a lower salary in anticipation of you people voting for AOCʻs New Green Deal that wants to tax your uncleʻs income at 70%. Brilliant dude your uncle!!
Definitely not a Fries U grad!
So, the bank has a nice tractor on its books? Wow. That must be the new accounting.
The Fed isn't printing money? But my economical jeanius bruddah IZ told me they print money. But I can't find the printing press anywhere, and then he told me it's e-lec-tronic or some newfangled contraption. And I know my Bruddah Iz, being a economicalish geneious wouldn't tell me lies.
Oh, and my "domicile" is not an asset. Well, it is to a bank, apparently, but not to me. But my cement pond? That's just a hole in the ground where the money goes.
Now, if we could just get more than a buck two fifty in Iz's go fund me, he could buy some of that health insurance that doesn't exist that just paid 80% of my kid's dentist visit.
Oh, and it looks like maybe the dog ate Paulie Nondeal's homework? I wonder if he'll get (more) detention?
Goodnight Paulie Stillinjail. Goodnight Mikey Cohen... Goodnight Moon!