Our financial system is crumbling this week.

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IMADreamer
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Re: Our financial system is crumbling this week.

Post by IMADreamer »

docellis wrote:So is it time to eat the rich? How much longer do we have to wait?

I am mostly kidding, but at some point the widening gap (at historic levels?) of rich and poor have to be addressed, right?

This should go under random musings, but the boyfriend made a couple grand working as a union carpenter (overtime, double time etc) in a short period this month and his boss asked him why the south doesn't like unions. (Unions are the devil in the south, carpenters make $12 per hr when things are going well--unless they bid the jobs as GCs)

Bf replied, "Well, if they called unions something else, maybe confederacies, they might be accepted"...
Well joking or not it's now or never. With the militarization of the police and all the rich will be untouchable in 10 years. They already live in gated communities with fancy alarm systems and the police sure the hell aren't here to protect the average person.

It will never happen though. Half of the American public is convinced the poor are poor because they are lazy. Not realizing they are poor themselves but thinking they will be wealthy someday because any minute now things will turn in their favor and they will join the rich at the Hamptons.

cardsfantx
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Re: Our financial system is crumbling this week.

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IMADreamer wrote:
docellis wrote:So is it time to eat the rich? How much longer do we have to wait?

I am mostly kidding, but at some point the widening gap (at historic levels?) of rich and poor have to be addressed, right?

This should go under random musings, but the boyfriend made a couple grand working as a union carpenter (overtime, double time etc) in a short period this month and his boss asked him why the south doesn't like unions. (Unions are the devil in the south, carpenters make $12 per hr when things are going well--unless they bid the jobs as GCs)

Bf replied, "Well, if they called unions something else, maybe confederacies, they might be accepted"...
Well joking or not it's now or never. With the militarization of the police and all the rich will be untouchable in 10 years. They already live in gated communities with fancy alarm systems and the police sure the hell aren't here to protect the average person.

It will never happen though. Half of the American public is convinced the poor are poor because they are lazy. Not realizing they are poor themselves but thinking they will be wealthy someday because any minute now things will turn in their favor and they will join the rich at the Hamptons.

wait...aren't you the same guy who made fun of a drive thru guy because he couldn't afford the mercedes you were driving?

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pioneer98
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Re: Our financial system is crumbling this week.

Post by pioneer98 »

An artist did satire where he trained rats to trade in futures markets. He started out with 100, then weeded it down to the top 4, and then bred them and got a "super trader" out of it. They were correct 57% of the time on a trade, which outperforms a lot of human traders. There were a ton of people who actually wanted to use his rats to invest their money, not realizing it was a joke...not realizing that day trading futures is the real joke.

http://www.theatlantic.com/business/arc ... ts/381456/

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pioneer98
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Re: Our financial system is crumbling this week.

Post by pioneer98 »

docellis wrote:So is it time to eat the rich? How much longer do we have to wait?

I am mostly kidding, but at some point the widening gap (at historic levels?) of rich and poor have to be addressed, right?
I don't know. They've been able to distract most of us with Fox News and/or shiny objects like iPhones for a long time now. My biggest concern is that our overlords keep giving up just enough of their wealth to keep the angry hordes at bay. The sweet spot is to keep people discontented enough that they blame each other but not so discontented that they realize the problems are bigger and start asking hard questions.

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Secret Weapon
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Re: Our financial system is crumbling this week.

Post by Secret Weapon »

i saw a stat that the top 400 wealthy people in the USA make more money combined than the bottom 150,000,000

think about that, 400 is > 150,000,000

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pioneer98
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Re: Our financial system is crumbling this week.

Post by pioneer98 »

@ReformedBroker wrote:Chinese millionaires hold $660 billion offshore, spent $22 billion on US houses last year. http://www.bloomberg.com/video/arcadia- ... 6961d82e4d

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IMADreamer
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Re: Our financial system is crumbling this week.

Post by IMADreamer »

cardsfantx wrote:
IMADreamer wrote:
docellis wrote:So is it time to eat the rich? How much longer do we have to wait?

I am mostly kidding, but at some point the widening gap (at historic levels?) of rich and poor have to be addressed, right?

This should go under random musings, but the boyfriend made a couple grand working as a union carpenter (overtime, double time etc) in a short period this month and his boss asked him why the south doesn't like unions. (Unions are the devil in the south, carpenters make $12 per hr when things are going well--unless they bid the jobs as GCs)

Bf replied, "Well, if they called unions something else, maybe confederacies, they might be accepted"...
Well joking or not it's now or never. With the militarization of the police and all the rich will be untouchable in 10 years. They already live in gated communities with fancy alarm systems and the police sure the hell aren't here to protect the average person.

It will never happen though. Half of the American public is convinced the poor are poor because they are lazy. Not realizing they are poor themselves but thinking they will be wealthy someday because any minute now things will turn in their favor and they will join the rich at the Hamptons.

wait...aren't you the same guy who made fun of a drive thru guy because he couldn't afford the mercedes you were driving?
Yeah, I'm a douchebag what else is new?

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pioneer98
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Re: Our financial system is crumbling this week.

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heyzeus
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Re: Our financial system is crumbling this week.

Post by heyzeus »


Did you know the Chinese use the same word for "crisis" as they do for "opportunity?"

They don't, actually.

But if you had $900 mil, and wanted to exploit finance loopholes and a desperate, impoverished global labor market, you could turn that frowny crisis right upside down and get that first billion! BELIEVE IN YOUR DREAMS.

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Re: Our financial system is crumbling this week.

Post by Jocephus »

i look at it as doubling our job creators

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