The Bears Explain How The Rich Get Richer

Tyler Durden's picture




 

In an attempt to break the now ubiquitous narrative that "its all about income tax rates", and to challenge the ridiculous new support for QEternity; 'The Bears' that brought you 'The Bernank' are back. In this cartoon, they explain how the bailouts made people like Warren Buffett far wealthier than they should be and exposes who actually benefits from all this QE. The Bears, The Buff-ate, and The Bernank - simply perfect.

 

 

(h/t Omid Malekan)

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Fri, 10/12/2012 - 10:53 | 2881684 foodstampbarry
foodstampbarry's picture

Fuck you Bernake!

Fri, 10/12/2012 - 10:59 | 2881701 Lohn Jocke
Lohn Jocke's picture

As the honorable Joe Biden would say: This is a bunch of stuff.

Fri, 10/12/2012 - 11:05 | 2881726 GetZeeGold
GetZeeGold's picture

 

 

I leased all my damn gold to those bears.....and now they won't give it back!

 

Fri, 10/12/2012 - 11:07 | 2881736 MillionDollarBonus_
MillionDollarBonus_'s picture

The model of the climate is now complete. Every factor has now been modelled with 95-100% certainty. There are no more excuses for ignorance about global warning. The left was convinced from the start, as they are realistic and scientifically minded, but right wing rednecks remain ignorant and hostile towards this issue. Climate Change is a very real threat to our way of life in America. There are a lot of people who find it hard to come to terms with the harsh reality of the science on global warming, but the truth is we all need to make sacrifices in our everyday lives. Whether it is skipping hot baths or switching off the lights in empty rooms, every little thing counts towards stabilizing the climate and making sure the climate never changes. It's worth noting that scientists now believe that without human intervention, it is likely that annual temperatures, rainfall and humidity would never change by more than two standard deviations. They are now confident that can:
1. Measure every aspect of the climate
2. Measure and predict the environmental implications across all ecosystems 
3. Keep the climate within predictable and preferable parameters by simply varying CO2, such is the statistical irrelevance of factors beyond our control
4. Predict the exact effect of capping carbon missions on the prices of energy and food across all economies 
5. Predict with confidence that the effect of capping carbon emissions will be a net positive for most people according to their preferences

Fri, 10/12/2012 - 11:11 | 2881745 prains
prains's picture

MDB

 

why do 400 americans own more capital than 150 million mericans?  and lazy is not an answer

Fri, 10/12/2012 - 11:16 | 2881761 Gully Foyle
Gully Foyle's picture

prains

Some are born to money.

Some aggressively pursue money.

Look up Will to Power because that's the answer you are looking for.


Fri, 10/12/2012 - 11:24 | 2881786 NotApplicable
NotApplicable's picture

"You'd have to be an idiot to repeat those mistakes'"

"An idiot, or an economist."

Classic!

Fri, 10/12/2012 - 13:46 | 2882297 mkhs
mkhs's picture

I thought the words were synonymous.

Fri, 10/12/2012 - 15:51 | 2882708 AldousHuxley
AldousHuxley's picture

How do rich get richer?

earn more than you spend.

 

Adjust your 401k and home equity "recovery" to inflation of gold, college education, healthcare, and dollar depreciation after adjusting for all applicable taxes most of you will realize that you didn't get any richer. So spend less. Learn to be happy with less.

 

Rich hate it when slaves say they are happy with what they have and no longer need anything else thus no longer need to work for the rich in a scam where most of the productivity profit goes to the capital owners who now with Fed have risk subsidized.

 

Also, here is a classic....rob someone richer.

 

Fri, 10/12/2012 - 11:35 | 2881823 prains
prains's picture

Gully

 

i like your abrasive style and get a kick out of your posts but as a younger man in another life i read all of Nietzche's work and Will to Power

had some meat on the bone but IMHO I think you simplify the matter a bit too much. This disparity in wealth is more coordinated than a narcissistic pursuit of men in pursuit but then again I only swing a hammer to feed my family.

Fri, 10/12/2012 - 11:55 | 2881901 TruthInSunshine
TruthInSunshine's picture

Whisper rumor that The Bears are launching their own hedge fund, with a focus on precious metals. When asked why they are doing so at this time at a press conference, they refused to confirm or deny, but did add that if they were to do so, it would all boil down to "Global Fiat CTRL+P."

Fri, 10/12/2012 - 11:57 | 2881907 Gully Foyle
Gully Foyle's picture

prains

Dude, it takes about 100,000 hours of practice to become expert at something.

The majority of the GENPOP just don't have that type of commitment.

Same with dealing with wealth.

Damn near every lottery winner, and famous people who are thrust into the lifestyle unprepared, fall apart in some way shape or form. Lottery winners in particular fuck up big time.

I've read that the problem with most criminals is they prepare for the crime but not the aftermath. The Cocaine Cowboys documentary talks about how these Coke smugglers had som much money they buried it in the backyard in garbage bags.

Success resembles the Boy Scout motto of be prepared.

It isn't coordinated, it's the majority of people can barely manage their own lives. They program themselves for failure.

You are only seeing the stumbling blocks. Successful people see ways to avoid those blocks, or to take the least amount of damage.



Fri, 10/12/2012 - 12:11 | 2881972 exi1ed0ne
exi1ed0ne's picture

100,000 hours, at 8 hours a day is 34ish years, so I think you are exaggerating a tiny bit.  Besides, expert is another word for deluded sense of self importance.  All the best mentors I've ever had consider themselves eternal students, and will gladly learn from anyone that adds to their knowledge.

Fri, 10/12/2012 - 12:31 | 2882041 SilverDOG
SilverDOG's picture

exi1ed0ne,

 

You are speaking truth, to a high average of, shenanigan worshipping, semantic addicted.

Bravo.

Moderate your expectations. 

Fri, 10/12/2012 - 13:13 | 2882187 RSloane
RSloane's picture

Umm...how awesome is it that you type in bold and address the person you are typing to in blue. Did you forget to change accounts again?

Fri, 10/12/2012 - 14:17 | 2882380 BigJim
BigJim's picture

Nice catch!

Fri, 10/12/2012 - 13:23 | 2882215 Gully Foyle
Gully Foyle's picture

exi1ed0ne

You are correct I added a zero.

"Besides, expert is another word for deluded sense of self importance."

And that is ignorance.

 

Fri, 10/12/2012 - 16:49 | 2882974 SilverDOG
SilverDOG's picture

Gully Foyle,

Copy and paste apple macbook and thus it is as such. I do not care that it does.

Interesting your assumption based perception however. As people see in others what they are themselves.

Fri, 10/12/2012 - 12:22 | 2882013 XitSam
XitSam's picture

"Dude, it takes about 100,000 hours of practice to become expert at something."

Dude. 40 hours/week x 50 weeks/year = 2,000 hours per year

100,000 hours / 2,000 hours = 50

So at a reasonable pace, allowing for vacations and a family, someone that starts practicing a profession at age 20, can expect to become an expert at age 70.  Working weekends and evenings will reduce the age some of course.

Fri, 10/12/2012 - 12:48 | 2882105 FrankDrakman
FrankDrakman's picture

Gully just made a mistake. The original estimate was popularized in one of Malcolm Gladwell's books (Blink?), and it was 10,000 hours, not 100,000.

But what's an order of magnitude between friends?

Fri, 10/12/2012 - 13:18 | 2882202 jayman21
jayman21's picture

Outliers was the name of the book.  10,000 hours usually takes about 10 years if you are focused.  The example of the Beatles was used to describe the fast track, less than 10 years.

Fri, 10/12/2012 - 16:06 | 2882768 AldousHuxley
AldousHuxley's picture

100,000 hours to become expert at somethign IF YOU ARE NOT TALENTED.

 

 

Fri, 10/12/2012 - 13:25 | 2882219 Gully Foyle
Gully Foyle's picture

FrankDrakman

I added a zero.

But what does that make someone with 100k hours of training?

Consider the machinist who had worked the same machine everyday of his working life. How natural and smooth his rythm must be.


Fri, 10/12/2012 - 14:16 | 2882378 BigJim
BigJim's picture

100k hours of study/practice =/= 10k hours of study/practice * 10

It's called the law of diminishing returns.

Fri, 10/12/2012 - 14:34 | 2882440 FrankDrakman
FrankDrakman's picture

But what does that make someone with 100k hours of training?

Old.

Fri, 10/12/2012 - 17:37 | 2883124 Ident 7777 economy
Ident 7777 economy's picture

retired

Fri, 10/12/2012 - 12:51 | 2882118 Umh
Umh's picture

This is why being an expert at something is usually the result of an obsession or maybe sublimation. I don't know if it takes 100,000 hours to be an expert at some types of things, but I do know that if all you do is put in 8 hour days you will never become an expert in many fields.

Fri, 10/12/2012 - 13:01 | 2882152 U4 eee aaa
U4 eee aaa's picture

Finally, a schedule I am actually keeping pace with :)

Fri, 10/12/2012 - 14:46 | 2882488 notadouche
notadouche's picture

Dude I believe you added an extra zero, it should read 10,000 hours of practice if you believe Malcolm Gladwell.

Sat, 10/13/2012 - 02:34 | 2884070 prains
prains's picture

GULLY GULLY GULLY

 

sorry for my late reply but again you simplify your arguement to motive NOT method. 400 to 150 million is a discrepency that FAR exceeds motive of ambition etc  over method of manipulation. There simply are not 400 people so superior to 150 million people that they deserve the wealth in such huge separation from the many.THE DIVERGENCE IS TOO LARGE TO CLAIM SUPERIOR ECONOMIC/HEREDITARY GENIUS therfore it has to be methodically manufactured wealth discrepency. fuck its late

Fri, 10/12/2012 - 12:01 | 2881922 Bicycle Repairman
Bicycle Repairman's picture

But mostly they are born to it.  We're not talking about supermen here.

Fri, 10/12/2012 - 12:08 | 2881961 Gully Foyle
Gully Foyle's picture

Bicycle Repairman

No mostly they are not born to it.

Some are.

Some actually became successful through their own activities.

Did they capitalize on loopholes and cronyism? Certainly.

But so what?

Some people have those skills some don't.



Fri, 10/12/2012 - 12:43 | 2882082 Bicycle Repairman
Bicycle Repairman's picture

And sometimes it's luck.  And sometimes demographics help.

And yes they are mostly born to it.  America stopped being a meritocracy some time ago.  Our elite is largely an elite that inherited their position.  And the implications are not good for this society.

Fri, 10/12/2012 - 13:01 | 2882150 walküre
walküre's picture

Let's talk about skills.

The greatest inventions of all time were made by people who had great minds and a desire to create something new and different. They were driven pioneers that looked at a problem and found a solution. Most of these individuals are not remembered as the richest guy on the cemetery.

Today we are faced with a parasitic class of wealthy know nothings, unskilled and untalented idiots.

We are also still consuming oil and other commodities at a rapid pace, polluting the planet beyond repair and being taught to think in a good vs. evil, rich vs. poor, us vs. them one-dimensional spectrum.

Mankind could truly evolve beyond this SHIT and enjoy LIFE if it wasn't for the elite who measures itself in paper or electronic wealth and forces their way of thinking, their policies on everyone else. It's oppressive, it's regressive and it causing irreperable damages to the one and only planet we all have to share.

 

Fri, 10/12/2012 - 13:05 | 2882168 U4 eee aaa
U4 eee aaa's picture

"Today we are faced with a parasitic class of wealthy know nothings, unskilled and untalented idiots."

===============================

That's not true. They are highly skilled at forming groups and committees that are themselves skilled at building high barriers to entry

Fri, 10/12/2012 - 13:11 | 2882180 walküre
walküre's picture

So was the French Aristocracy in their final stage. Didn't help them much because they couldn't relate to the people. The disconnect is obvious in America.

Fri, 10/12/2012 - 13:34 | 2882232 Gully Foyle
Gully Foyle's picture

walküre

"Mankind could truly evolve beyond this SHIT and enjoy LIFE if it wasn't for the elite who measures itself in paper or electronic wealth and forces their way of thinking, their policies on everyone else. It's oppressive, it's regressive and it causing irreperable damages to the one and only planet we all have to share."

 

Prove that. That is conjecture based on the illusion of a morally superior human.

Fri, 10/12/2012 - 14:42 | 2882476 walküre
walküre's picture

Give it a chance and time. We've had thousands of years going the opposite way and ending on a path that is clearly not sustainable. I refuse to believe that the pinnacle of human evolution is FIAT, debt, spy drones and a world powered mostly by combustion engines. Makes no sense to keep going that direction with 7 billion people and pushing 9 billion by 2030.

Fri, 10/12/2012 - 15:46 | 2882684 Panafrican Funk...
Panafrican Funktron Robot's picture

I agree with what you're saying, Gully, but we then shouldn't be particularly surprised (or even dismayed) when the rich are inevitably eaten, regardless of arbitrary moral standing.  

Sun, 10/14/2012 - 10:14 | 2887110 Bicycle Repairman
Bicycle Repairman's picture

There are morally superior humans.  Unfortunately morality is an impediment when trying to get control of the pyramid.  So we are stuck with the Joe Biden's of this world.

Fri, 10/12/2012 - 15:58 | 2882733 Herd Redirectio...
Herd Redirection Committee's picture

And some people have something called morals, and empathy for their fellow man...

Sat, 10/13/2012 - 02:52 | 2884079 prains
prains's picture

Gully

 

"But so what" ????? are you not a capitalist??? does not the words  "fair" "honest" "exchange" mean anything to you, a capitalist?

Fri, 10/12/2012 - 12:50 | 2882115 NidStyles
NidStyles's picture

I read that book when I was 16, and it had nothing to do with what you are talking about. The Will to Power was a collection of notes, there was not a real book there. The notes however were mainly about self-empowerment and not relying on others.

Fri, 10/12/2012 - 13:28 | 2882234 Gully Foyle
Gully Foyle's picture

NidStyles

"The notes however were mainly about self-empowerment and not relying on others."

Where are all the Randians when you need them?

Fri, 10/12/2012 - 18:58 | 2883324 NidStyles
NidStyles's picture

Why don't you go ask one? If I were a Randian I would be able to tell you. Since I'm not and I'm able to stand on my own two feet, I can't tell you.

Fri, 10/12/2012 - 11:34 | 2881818 LoneCapitalist
LoneCapitalist's picture

Show me a society where everyone has the same and Ill show you a society where everyone has shit.

Fri, 10/12/2012 - 11:41 | 2881843 walküre
walküre's picture

Show me a society where EVERYONE has shit.

Just one example will do.

The 400 vs. the 150 million is a powerful statement. Nothing can harm the 400 as long as the 150 million are complacent and accept the alleged wealth these 400 call their own as legitimate.

debt = wealth

Odious debt = odious wealth

Fri, 10/12/2012 - 11:56 | 2881905 LetThemEatRand
LetThemEatRand's picture

It's classic black and white thinking.  Many ideologues here believe that any socialism equals communism equals totalitarianism.  So they run in this endless loop where they make statements that make no sense to those of us who are able to understand that the world is not about absolutes.  When we try to point out that there are actually ways to have both capitalism and socialism co-exist in a successful way (think Scandavia, for example), they call you names and repeat their platitudes and then up arrow each other.

Fri, 10/12/2012 - 12:03 | 2881931 Flakmeister
Flakmeister's picture

Manichean thinking gives simple answers to complex questions for shallow minds....

Fri, 10/12/2012 - 12:06 | 2881947 Gully Foyle
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Flakmeister

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