2021 2 15
MONEY AND CREDIT CARDS...AND HISTORY...1945 MY FATHER WAS IN THE HEAVY EQUIPMENT BUSINESS FARM TRACTORS. CONSTRUCTION HOLE DIGGERS ... BIG.... HEAVY...And one of the construction companies in Newburgh NY had a bad accident where a man trying to load an excavator on to a low bed trailer was using big wooden blocks that haD creosoted railroad tiES Type things .----they would run the tractor up onto the trailer and immediately turn it quickly . well he didn't turn it quickly enough and was killed as the whole thing toppled over . so my father got to thinking about it and designed a trailer where there were four right angle wedges on the back of the trailer which you rotated down and made a perfectly good safe ramp ... I have the original patent for that trailer and a picture on my wall which sometimes is shown with the camera as it swings towared the kitchen .. the cars of the background where 1940s .. If I had a penny for every trailer like that I see today that's used behind the dump trucks to carry the backhoes we would not need to have the chicken bricks .. however another trailer company change d the hinge and broke the patent so my father didn't get much at all out of that deal ..
he had a wonderful time building it and since he then owned the safe trailer he figured he was well ahead of the game . father did not have a fancy degree in economics so he basically just avoided banks as much as he could ..and often told the story of the Amish men who came into his shop to buy a piece of equipment and had a suitcase full of dollar bills .. He would have no part of the current banking system .
------another detail of his aversion to banks—particularly banks in newburgh.... every Friday from the minute I could drive, I had a chore of driving to the chester, Marlborough or Washingtonville banks to pick up a brown paper bag of cash to pay the workers in my fathers shop.
I have Luckily inherited some of his distrust of banks . and have often said so on this daily doggy .. about the student loan which means the student will then spend the next 15 years working to pay off the bank .. having purchased a questionable education . I can hear him say..” don’t use credit ...you don't want to work for the bank .”
leaping forward .. to my starting service dog project , that concept of being indebted to the bank.. was high on my list .. which is why when I finally started hiring people I would hire only people who were young AND living at home .. or people who were retired and HAD probably paid off their mortgage ...
The whole credit business does creep up on you though -----as these young high school graduates had a SDP decent job they signed a lease somewhere, ,... went and bought a car on time and then had to make car payments .. all that was considered very normal .. except you get too many of this and then ---me---- as the employer began to worry about whether I could make the payroll so they could make their car payments .. and it can get out of hand . To this day I much prefer employees who don't have that debt which in fact gets mentally transferred to me.
I don't bring up this topic by way of insinuating there's an impending disaster .. we are in very good shape .. and have a backlog in savings thanks too the chicken *********** .. and charlies veteran's day matching bonanza ... Back in the 1940s my father Had an expression “it's as secure as a paycheck from Sears Roebuck “ .... THIS Morning when I got the idea for this daily doggy I tried to come up with a secure national company.. AND I could not quickly come up with a company which would be considered tremendously stable in today's economy ..to be able to say a paycheck from them would be assured .. he prominance of Sears Roebuck is long gone.. followed by MACY’S and upset by General Motors and Boeing aircraft firings .. If all .. these companies have “payroll policies of a yearly review and a pay increase on a yearly basis “ that is a luxury offered by maybe a gov’t job.... -- ALTHO THEY aren’t looking great either. We are hanging in there... but a lot of the amish sayings are perfect. Think save....
our employees get this speech on a yearly basis.... like the start of this cov.. right now we are doing fine... thanks to all our CP’s but the entire economy is like having one foot firmly planted in midair.
I don’t like the heavy burden of interest ratees on credit cards on my shoulders. So let me be the first to suggest that you not spend anything you don’t have to spend...forget the credit card... and go the old fashion way of . a .. saving account......... because if you think it can not get worse... it certainly can.
If you think running out of toilet paper is a problem.... , how about the atm/ bank running out of cash???