• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

"Fair And Balanced"... And Benefiting Just 20% Of Americans

Tyler Durden's picture




 

In 28 seconds, Bloomberg TV's Scarlet Fu explains who really benefits from the 'deal' and Bernanke's ongoing 'wealth effect' policy. Simply put, taxes on 77% of Americans go up... and 20% benefit. "Fair-and-balanced" indeed.

 

 

 

 

And Blackrock's Larry Fink summed it all up nicely from about 1:40 in this clip: "The American People are the Big Losers In The Cliff Deal"

 

 

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Wed, 01/02/2013 - 15:19 | 3115652 Ancona
Ancona's picture

Did anyone here really expect a deal here that would have been beneficial?

Wed, 01/02/2013 - 15:24 | 3115677 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Uh, beneficial to whom?

Wed, 01/02/2013 - 15:31 | 3115709 DoChenRollingBearing
DoChenRollingBearing's picture

Isn't Larry Fink in the running to be next Treasury Secretary for Obama?  Well, maybe not now for speaking truthiness...

DUH, most of us are losers in this.

Wed, 01/02/2013 - 19:15 | 3116734 smlbizman
smlbizman's picture

i am starting to think with all the ridicule and genuine hatred of each other,,,,although i know they are  the same team, ... families fight always,... neighbors fight always, ...marriage divorce alot....so same team or not this is going to get good.....the egos of these guys  is their kryptnite....you call them pussies long enough and maybe just maybe, the washington generals  will demand to win one...

Wed, 01/02/2013 - 19:20 | 3116758 akak
akak's picture

D from GSC, is that you?

Wed, 01/02/2013 - 15:38 | 3115739 GMadScientist
GMadScientist's picture

Brokers?

Wed, 01/02/2013 - 16:23 | 3115960 James-Morrison
James-Morrison's picture

Can I asked to be paid in DOW bucks?

Then I also qualify for 15% rate.

Wed, 01/02/2013 - 16:36 | 3116004 James_Cole
James_Cole's picture

Larry Fink, a guy who said "markets like totalitarianism" & also happens to be a pathological liar who works for... Blackrock.

There's a trustworthy source for quotes! The fact that Fink is down on it makes me wonder whether the deal was actually good.

Maybe zh should contact John Thain to definitively establish whether the fiscal cliff 'deal' was a good or bad one for Americans.

Wed, 01/02/2013 - 15:26 | 3115682 CH1
CH1's picture

Did anyone here really expect a deal here that would have been beneficial?

Well, of course! Our overlords are chosen by the immaculate election process, guaranteeing that they are the finest humans in the world.

And our system is magic - it's divine structure guarantees that even monkeys on crack would deliver no less that liberty and justice for all!

/sarc

Wed, 01/02/2013 - 15:30 | 3115704 Ness.
Ness.'s picture

First Drudge - now CNBC.  ZH getting props from the bobbleheads.

Wed, 01/02/2013 - 15:35 | 3115724 DoChenRollingBearing
DoChenRollingBearing's picture

In the past year (not today) I have heard Rush Limbaugh mention Zero Hedge three times.

Wed, 01/02/2013 - 21:39 | 3117214 AldousHuxley
AldousHuxley's picture

peak ZeroHedge?

Wed, 01/02/2013 - 15:56 | 3115830 Joe moneybags
Joe moneybags's picture

My friend in the garment industry is expecting a fine year in 2013.  He has orders for thousands of white flags from GOP congressmen.

Wed, 01/02/2013 - 17:50 | 3116354 NotApplicable
NotApplicable's picture

Why do you further empower these puppets by pretending their actions have meaning? You think you're making a funny, yet all you're doing is telling us that the joke's on you.

Because you obviously don't get it.

I beg of you, step away from the Kool-Aid.

Wed, 01/02/2013 - 17:26 | 3116242 100pcDredge
Wed, 01/02/2013 - 15:20 | 3115659 ArkansasAngie
ArkansasAngie's picture

But ... our fearless leaders say they had to do it or ... gosh ... somebody would get hurt.

Let's talk about who is getting hurt right now. 

A pox on both their houses

Wed, 01/02/2013 - 15:21 | 3115663 Snakeeyes
Snakeeyes's picture

Exactly. Media shills ignore all the Obamacare taxes that go into effect, the 2% increase in the withholding, etc. HOW are we better off with $3 trillon in additional budget deficits?

Most Americans got screwed!

http://confoundedinterest.wordpress.com/2013/01/02/the-day-after-republi...

Wed, 01/02/2013 - 15:25 | 3115679 FL_Conservative
FL_Conservative's picture

Future problems????  That's the next generation's concern. 

/sarc

Wed, 01/02/2013 - 16:59 | 3116111 Shizzmoney
Shizzmoney's picture

Obamacare is going to ream the economy's asshole so hard.

And I'm a LIBERAL who says this!

Wed, 01/02/2013 - 15:22 | 3115666 PAWNMAN
PAWNMAN's picture

Wonder if all those "Middle Class Americans" Obama rounded up last week for his campaign speech realize they just got a 2% payroll tax increase. The media sure isn't highlighting it.

Wed, 01/02/2013 - 15:29 | 3115701 toady
toady's picture

I've told three people that the payroll tax cut is no longer in effect and 77% of the non 1% will pay higher taxes.

I've been called a lier three times.

'The news said everything is fixed '.

Wed, 01/02/2013 - 15:34 | 3115721 Tsar Pointless
Tsar Pointless's picture

Ask these three people if they know any winners of yesterday's college football games.

Then ask them if they got their sports news from the same media outlets where they receive their so-called "hard" news.

Watch the smoke coming from their ears as their brains melt down due to the necessity to think for once.

Wed, 01/02/2013 - 15:57 | 3115832 azzhatter
azzhatter's picture

did they chant "keep obama in president"

Wed, 01/02/2013 - 16:04 | 3115871 toady
toady's picture

They mostly just do the deer-in-the-headlights, 'huh'?

One said, 'is this that fiscal cliff stuff they've been whining about'?

They were all Romney voters, or said they were...

Wed, 01/02/2013 - 16:27 | 3115976 James-Morrison
James-Morrison's picture

Most thought they were voting for 4 more terms, not 4 more years.

Idiots.

Wed, 01/02/2013 - 16:08 | 3115894 Beam Me Up Scotty
Beam Me Up Scotty's picture

"I've told three people that the payroll tax cut is no longer in effect and 77% of the non 1% will pay higher taxes.

I've been called a lier three times."

Well, when the new payroll tax rules go into effect, they will see the decrease in their net check soon.  Maybe then they will realize it.  Or maybe not.

Also, how many idiots in this country get a tax refund and they think they didn't pay any taxes at all?  They don't realize its just the government giving them back their own money that they have overpaid.  There are lots of dupes that believe this too.

Of course with the EIC, there ARE lots of people that get refunds who DON'T pay any income taxes. 

Wed, 01/02/2013 - 16:18 | 3115941 toady
toady's picture

I just don't understand that EIC stuff.

Most of my nieces & nephews don't have jobs & still live in Moms basement. They get $2k-$3k 'refunds' every year!

Wed, 01/02/2013 - 17:03 | 3116139 Shizzmoney
Shizzmoney's picture

The best part is that after those making $400K/yr ($450K/yr for couples), the 2nd and 3rd highest tax increases are those on...........people making less that 18K and $10K a year. 

The best part about all of this?  Minimum wage laws were raised in 15 states this year.  The payroll tax hike eats EVERY SINGLE DIME of gains those workers "voted" in. 

Jokes on you, suckers!

I guess when Obamabots say, "Change you can believe in", they were talking about all of the low wage workers in this country that will be looking for dimes and quarters in their couches to pay off bills.

Wed, 01/02/2013 - 15:24 | 3115667 H E D G E H O G
H E D G E H O G's picture

long guns....................

short politicians..............

Wed, 01/02/2013 - 15:24 | 3115673 Disenchanted
Disenchanted's picture

 

 

"The American People are the Big Losers In The Cliff Deal"

 

No shit? Sherlock...

Wed, 01/02/2013 - 15:24 | 3115674 cossack55
cossack55's picture

I always wondered what  the average German thought was happening in 32'-36'.  I wonder no longer.

Wed, 01/02/2013 - 15:26 | 3115687 Ghordius
Ghordius's picture

remember that one third was enraged and socialist, one third was utterly confused and hurt and one third was enraged and fascist

Wed, 01/02/2013 - 15:36 | 3115725 Bolweevil
Bolweevil's picture

We need a 3rd party.

Wed, 01/02/2013 - 15:42 | 3115759 GMadScientist
GMadScientist's picture

And a 4th, 5th, 6th, and 7th too.

Wed, 01/02/2013 - 16:14 | 3115921 Beam Me Up Scotty
Beam Me Up Scotty's picture

Most countries in Europe have multi party systems.  I don't think those countries are shining beacons of how things should be done either.  One way or another you have a majority and a minority.

Wed, 01/02/2013 - 16:54 | 3116090 BullsNBeers
BullsNBeers's picture

And any way you slice it, big money finds it's way in corrupts everything equally.

 

Wed, 01/02/2013 - 17:17 | 3116209 GMadScientist
GMadScientist's picture

And this logic doesn't extend to the Tea Pot Dome Express because....?!

Wed, 01/02/2013 - 15:49 | 3115793 Northeaster
Northeaster's picture

We need no Party's, we need individuals that will be elected on their merits, who respect The People, not sell them out, who appreciate that in order to have a Rule of Law in a Republic, it must be equal for all.

What we have now is a two-Party system that in reality is one, where the Rule of Law is reflective of a Banana Republic.

Wed, 01/02/2013 - 15:55 | 3115816 CH1
CH1's picture

I do not consent to any "rule"...  "of law" or otherwise.

Do as you wish, but leave me out.

Wed, 01/02/2013 - 16:03 | 3115843 Northeaster
Northeaster's picture

I'm not fond of anarchy either. I'm just looking for equal application.

If I rob a TBTF, I expect to go to jail.

If a TBTF robs me, I expect them to go to jail.

It's not equal.

Wed, 01/02/2013 - 16:19 | 3115946 A Lunatic
A Lunatic's picture

We already have anarchy; just not for us little people. The fucking Club acts with utter disregard for the law because for them there IS NO Law. Therefore, "when in Rome" Bitchez...................

Wed, 01/02/2013 - 17:01 | 3116125 CH1
CH1's picture

It's not equal.

You're right, it isn't equal, and that's a bad thing.

But it will NEVER be equal so long as one group of men gets to force everyone else to give them money and obey.

Thu, 01/03/2013 - 03:09 | 3117896 IrritableBowels
IrritableBowels's picture

Hegemony is a bitch.

Wed, 01/02/2013 - 16:49 | 3116068 Shizzmoney
Shizzmoney's picture

And I need a drink

Wed, 01/02/2013 - 15:24 | 3115675 lolmao500
lolmao500's picture

The deal is also very fair and balanced... oh wait, gas prices just went up 2% just today...

Wed, 01/02/2013 - 15:30 | 3115678 SheepDog-One
SheepDog-One's picture

AH the american free-range Neandersheeple doesn't mind! All is WELL! The food card is loaded with points, Wal*Mart is full of plenty of Cheezy Poofs, and a new season of American Idol Worshipper is ramping up to be a doozy! PARTY ON Clownmerica! They don't give a SHIT about their kids future...immediate gratification is all that matters baby!

Wed, 01/02/2013 - 17:36 | 3116294 MisterMousePotato
MisterMousePotato's picture

+1 for the F.E.A.R. reference.

Wed, 01/02/2013 - 15:25 | 3115684 HurricaneMoney
HurricaneMoney's picture

Who gives a shit - The majority of the people voted and wanted this- Suck it up and PAY!

Wed, 01/02/2013 - 15:32 | 3115716 SheepDog-One
SheepDog-One's picture

I have a list of people around me who voted for this shit, and when they bitch and whine about it, I'll just laugh in their face!

Wed, 01/02/2013 - 15:34 | 3115719 DoChenRollingBearing
DoChenRollingBearing's picture

Yes, the USA has become a nation of 51% + takers.  You who produce, pay up!

Yes, you!  You voted them in too!

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