• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Charting America's 0.1% Exceptionalism

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Tue, 04/12/2011 - 19:35 | 1163392 augie
augie's picture

I'm kind of new so I claim ignorance if this is common knowlege, but do people really get their financial news from vanity fair? is that why i can never time these damn swings? Jesus, all this time i thought i had to break my knuckles trying to learn finance and i could have just subscribed to a fucking magazine.

Tue, 04/12/2011 - 19:36 | 1163406 drink or die
drink or die's picture

Welcome to the site.  You may find yourself asking the question "Do people really....?" a lot.

Tue, 04/12/2011 - 19:47 | 1163430 augie
augie's picture

thanks for the welcome, from the look of it i'll be drinking alot more too.

Tue, 04/12/2011 - 19:53 | 1163448 treemagnet
treemagnet's picture

Friends don't let friends subscribe to Vanity Fair.

Tue, 04/12/2011 - 20:18 | 1163524 NorthenSoul
NorthenSoul's picture

With friends like that...

Tue, 04/12/2011 - 20:08 | 1163489 Anonymouse
Anonymouse's picture

That is a fringe benefit (and must be reported as such on your 1040, don't forget).

Wed, 04/13/2011 - 02:52 | 1164359 Sudden Debt
Sudden Debt's picture

You just described my daily dilemmas in 1 sentence!

Congrats! +1000

Tue, 04/12/2011 - 21:13 | 1163431 linrom
linrom's picture

No they don't but main publications refuse to print real news especially if it deals with wealth accumulation and inequality. The only three that do are non financial publications such as The Rolling Stone, Vanity Fair and Mother Jones--they're probably owned by good Jews.

Interestingly the Jews went from supporting social and economic equality for which they were vilified by anti-semitic media to supporting global banker elites types and now vilify and attempt to neutralize those that are in favor of income and wealth equality now that they monpolized all the media outlets.

Tue, 04/12/2011 - 22:06 | 1163861 austin0388
austin0388's picture

augie:  welcome to the site - you will find that there are a number of trolls planted on this site by the powers that be who are used in an attempt to deflect the focus away from the topics of the articles posted here.  One such troll is the bigot troll who posts sweeping generalizations about specific groups as if all members of such groups act and think in lock-step, organized in some nefarious way.  Bigot trolls have been used by TPTB down through the centuries as a way to get the masses to fight amongst themselves instead of focusing on where the true crimes are being committed.

 

 

Tue, 04/12/2011 - 19:57 | 1163463 Cdad
Cdad's picture

Augie,

Don't worry...you'll be fine.  Just buy shares of Apple tomorrow...premarket.  You'll be earning 20% by the second half of the session.  Rock on!

Cdad goin' on martini #2...

Tue, 04/12/2011 - 21:10 | 1163677 augie
augie's picture

apple's Goin' to Da MOON just you wait and see, AAPL 400 by August. Ipads for everybody.

 

 

Tue, 04/12/2011 - 20:01 | 1163469 Buckaroo Banzai
Buckaroo Banzai's picture

Vanity fair is for "opinion leaders," AKA white, liberal, upper middle class dopes who think they already know everything and thus don't have to think for themselves. Stiglitz is a socialist and a tool. This article, while accurately describing the symptoms (I'm guessing now because I haven't read this yet) doesn't come close to diagnosing the underlying disease (I'll bet). Sorta like Taibbi's article earlier.

Tue, 04/12/2011 - 20:14 | 1163514 NorthenSoul
NorthenSoul's picture

Oh! So you engage in name calling and political bullshiting w/o having read the article.

 

talk about a punk ass snob who pretend to know everything.

Tue, 04/12/2011 - 20:23 | 1163554 Cdad
Cdad's picture

NorthernSoul,

What name are you charging me of calling him.....Long Apple shareholder?

Fuck off, you thin-skinned twat.

 

Tue, 04/12/2011 - 20:17 | 1163532 treemagnet
treemagnet's picture

Exactly - stick with the meaty stuff like People, Us, or if you're feeling sassy, you could even branch out an read...dare I say, Cosmo. 

Tue, 04/12/2011 - 20:20 | 1163537 Arius
Arius's picture

yeah...taibbi's article was a bummer...the poor wifes got a make a living too...everyone else is stealing ...so...

Tue, 04/12/2011 - 20:29 | 1163555 Mark McGoldrick
Mark McGoldrick's picture

Not only does Taibbi understand the underlying disease, he explains it better than anyone. 

Go read his book "Griftopia". He even gives ZeroHedge a hat tip toward the end. 

 

Tue, 04/12/2011 - 20:30 | 1163562 augie
augie's picture

Faber is the only "opinion leader" i listen to.

 

http://revolutionarypolitics.tv/video/viewVideo.php?video_id=14533

I love the liberal misconception that socialist entities benefit everyone. Yeah, especially when they are devaluing an asset that the middle lower class use exclusively because they can't afford to diversify into commodities or equities.

 

Skip to 5:55 if you don't want to watch the whole interview. I have to skip through becky's comentary for the sake of my blood pressure.

I guess the sarcasm about reading vanity fair didn't really come out as clear as i intended.

Tue, 04/12/2011 - 22:04 | 1163858 Matto
Matto's picture

Unfortanately there's a persistant subsection of 0H that have never and will never understand sarcasm. Just the way it is.

Tue, 04/12/2011 - 22:04 | 1163848 American Dissident
American Dissident's picture

You will fit right in here.  Only the Looters have access to the dark pools!

Tue, 04/12/2011 - 22:53 | 1163970 Muir
Muir's picture

No BS no hype no sarcasm.

VF is a GREAT read-period.

Wed, 04/13/2011 - 09:16 | 1164756 darteaus
darteaus's picture

I'm getting hypnotized - turn them off.

 

Tue, 04/12/2011 - 19:34 | 1163394 long juan silver
long juan silver's picture

Looks like that Japanese bet on Pearl Harbour was poorly thought out.

Tue, 04/12/2011 - 19:44 | 1163424 Vlad Tepid
Vlad Tepid's picture

Good point.  For all the effects, WWII might aswell have been planned by Japanese communists.

And...

Looks like that American bet on the US Constitution after 1990 waspoorly thought out.

Tue, 04/12/2011 - 20:24 | 1163552 duo
duo's picture

Half of Japan were sharecroppers on an acre or less of land before WWII.

Tue, 04/12/2011 - 19:56 | 1163457 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

For whom, the Emperor?

Tue, 04/12/2011 - 19:36 | 1163395 Goatboy
Goatboy's picture

Worst of all kids.

Tue, 04/12/2011 - 19:36 | 1163403 Sarah Conner
Sarah Conner's picture

Why does this chart end at 2000... why not 2010?

Tue, 04/12/2011 - 19:39 | 1163407 long juan silver
long juan silver's picture

It's the BLS revision window

Tue, 04/12/2011 - 19:51 | 1163404 Racer
Racer's picture

Looks like the US high earners are going to be hit with 70 years of falling income...

you can squeeze blood out of a stone just tooo long for your own good..

I cry not....

Tue, 04/12/2011 - 21:07 | 1163670 topcallingtroll
topcallingtroll's picture

The absolute level of wealth doesnt seem to matter to people. If you are in the top few deciles you still get a.lot more pussy in any era and at any level of material wealth.

And that is really why we chase wealth in the end....improved quantity and quality of pussy. Freud said so.

Tue, 04/12/2011 - 21:17 | 1163693 dark pools of soros
dark pools of soros's picture

right but the printer flows forever...

Tue, 04/12/2011 - 19:36 | 1163405 Rodent Freikorps
Rodent Freikorps's picture

It is always good to remember the French aristocracy thought they could use the proles to gain power over the crown.

How did that turn out?

Tue, 04/12/2011 - 20:12 | 1163505 NorthenSoul
NorthenSoul's picture

test!

Tue, 04/12/2011 - 20:11 | 1163508 NorthenSoul
NorthenSoul's picture

Turned out pretty bad for them IIRC. From the Jacobin regimen they implemented, (La Terreur) came the word "terroriste". (No kidding!)

 

Tue, 04/12/2011 - 19:39 | 1163409 Vlad Tepid
Vlad Tepid's picture

Britannia doesn't rule this wave...

Tue, 04/12/2011 - 19:49 | 1163432 Zero Govt
Zero Govt's picture

Britannia is in the exact same fuking boat ...Westminster and Washington are entirely inter-changeable only the British State parasites suck out 60% of GDP while the Apple Pie tape worms are only at 35% of GDP 

Tue, 04/12/2011 - 20:01 | 1163465 TheGreatPonzi
TheGreatPonzi's picture

Actually, every Western country is in the same boat, from Sweden to France. Is there an international plot? 

No, just eternal parasites, and democracy which lets them do... 

Tue, 04/12/2011 - 19:39 | 1163413 MrBinkeyWhat
MrBinkeyWhat's picture

ZH published a histogram in Feb. it is actually another decimal point over...0.01%

For the few, by the few, frack the rest!

Tue, 04/12/2011 - 19:42 | 1163418 linrom
linrom's picture

We're back to the robber-barron age, an age full of instability, wars, and financial crisis. Depressions are great wealth equalizers. The chart goes only to 2000, by now we must be off the charts where UK was before the English empire just faded away for the next 100 years before bottoming in 1980s.

Tue, 04/12/2011 - 19:41 | 1163421 mynhair
mynhair's picture

Is OKenyan on that chart?

Tue, 04/12/2011 - 20:01 | 1163470 Bob
Bob's picture

Do you work for the Red team?

Tue, 04/12/2011 - 19:42 | 1163425 JustACitizen
JustACitizen's picture

Geez - I am surprised we are not up to our asses in expat Englishmen, French and Japanese folks. To listen to the folks talk about tax policy - shouldn't all of those people be fleeing to our wealth friendly shores? We have been assured that if we dain to tax the wealthy - they will all leave taking their ill-gotten gains with them and we will all be the poorer for it. I guess American Exceptionalism isn't that attractive compared with the fatherland/motherland/what have you.

Personally - I wish they would leave and take their wealth with them - it would be worth it to rid ourselves of them and their corrupting influence.

Tue, 04/12/2011 - 20:00 | 1163459 Rodent Freikorps
Rodent Freikorps's picture

Germany is rich. France is regaining control of her old colonies, so they don't much feel the pain.

The other countries? Who knows? The propaganda that they are superior because we are all barbarous cowboys is strong.

Probably best if they stay there. On average, 70% of those fleeing socialism, vote for socialism in the new country.

Crazy, but true.

The US used to be where people came for freedom and liberty, but that was before we became a welfare state. Now we draw the lazy scum of the world.

 

Tue, 04/12/2011 - 20:09 | 1163499 NorthenSoul
NorthenSoul's picture

" that was before we became a welfare state."

As this chart show clearly, the welfare state is limited to the 0.1%

Good catch!

Tue, 04/12/2011 - 20:25 | 1163556 Bob
Bob's picture

LOL  Useful idiots are in a spawning frenzy this spring.

Tue, 04/12/2011 - 20:38 | 1163585 Rodent Freikorps
Rodent Freikorps's picture

Big Government allows big theft.

Socialism is the tool of the .01%, Bob.

The Soviet leadership had their dachas. It is always the same.

Tue, 04/12/2011 - 20:41 | 1163601 Bob
Bob's picture

Say it three times while clicking your slippers, Rodent, and you'll be back in Kansas in a jiffy!  There's no place like home. 

Tue, 04/12/2011 - 20:49 | 1163625 Rodent Freikorps
Rodent Freikorps's picture

Do you not see all the welfare states failing before your eyes?

Europe can't continue now they can no longer draft on US military expenditures, and a healthy trade surplus with the US.

Tue, 04/12/2011 - 20:54 | 1163634 topcallingtroll
topcallingtroll's picture

Bob just thinks he deserves to take other people's money just because he is bob.

Do NOT follow this link or you will be banned from the site!