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Don't Rely On Government, Help Yourselves - Hong Kong Anti-Poverty Campaign Chief Tells Poor

Tyler Durden's picture




 

In what would likely get her a daily (armed) drone surveillance package with blanket NSA supervision, if not outright burned at the stake in the US, Leonie Ki - who is the new head of Hong Kong's government campaign to alleviate poverty - dared to suggest what is the absolute anathema to any nanny state such as the US: instead of relying on the government for everything, people should achieve prosperity by their own hard work. Surely in the US words such as these would result in her being tar and feathered by at least half the population for daring to suggest something so loathsome to a nation which is increasingly convinced personal prosperity comes courtesy of government handouts of everything: from Obamaphones to Obamacare and, coming soon, Obamafood.

SCMP reports:

An advertising-industry veteran who rose to become an executive director of property giant New World Development, Ki has always believed the people of Hong Kong - a city she describes as a "blessed land" - must achieve prosperity by their own hard work, rather than by the government's help.

 

"The reason I'm willing to [take up Bless Hong Kong] is because I'm worried about Hong Kong," Ki says. "I believe Hong Kong has reached a critical point."

Alas, most "developed" nations have reached a critical point, but very few are willing to diagnose the ills correctly and to fix them appropriately.

A curious tangent here emerges in her relationship with communism - a topic getting increased attention, and traction, in some of the world's most formerly capitalist nations:

Her attitude to the Communist Party - she encourages friends and young people she mentors to visit revolutionary sites - comes despite a youthful antipathy for the party.

 

One of her proudest achievements is helping create an exchange programme, set up with New World's sponsorship in 1998, under which mainland officials attend Harvard's Kennedy School of Government. Vice-President Li Yuanchao was among the beneficiaries of the programme.

 

"Before 1992, I was another typical Hongkonger with a phobia of communism," she once wrote. "From fear of having to adapt to acceptance ... I have been dedicated to understanding and communicating with [mainlanders] patiently."

Said view has changed, but her clarity of vision in what is needed to fix social ills remains.

Now, aged in her sixties, she believes that the mainland's miraculous economic development deserves wider recognition among Hong Kong's young people.

 

She also believes the next generation needs to strengthen their resolve.

 

"When we were young, we never waited for the government to do anything. We did it ourselves. What's gone wrong nowadays is that there are people who only wait for the government to rescue them."

Well, times have changed. However, what really earns Ki brownie points is the following anecdote:

She recounted in one of her books how Richard Boucher, the United States consul general in Hong Kong and now the deputy secretary general of the Organisation for Economic Co-operation and Development, repeatedly asked for a meeting at her office.

 

"I strongly resisted, as it [the request] was against protocol," said Ki. But in the end she gave in and hosted a 90-minute visit from the US representatives.

 

"Soon after they left, I was on the alert and asked my colleagues to check if there were any bugs under the tables or attached to the carpet."

Smart woman. Perhaps after the inevitable collapse of the US insolvent crony capitofascist, wannabe socialist, totalitarian state in which only the 0.01% are "rewarded" while the middle class is butchered and everyone else is forced to habituate to Big Brother's ubiquotous presence in exchange for daily scraps, she can be one of the people tasked with remodeling the next iteration of US society into something that actually works.

 

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Mon, 04/07/2014 - 13:05 | 4632730 MagicMoney
MagicMoney's picture

LOL the opposite of what our politicians tell us.

Mon, 04/07/2014 - 13:10 | 4632759 ZeroPoint
ZeroPoint's picture

We are also told that 'rich' people living in the suburbs with a health plan and savings account need to pay more because they are 'rich'.

 

Mon, 04/07/2014 - 13:21 | 4632794 ZerOhead
ZerOhead's picture

So poor people should become like more the rich and just "Help themselves"...

Mon, 04/07/2014 - 14:07 | 4632966 Son of Loki
Son of Loki's picture

No country except for us has a massive FSA. We're #1 and that's why we are deluged by the flood of immigrants every day from every direction.

We're #1 !

#1 !

BooooYaaahhh!

Mon, 04/07/2014 - 15:07 | 4633131 Pool Shark
Pool Shark's picture

 

 

"Ask not what your country can do for you; ask what you can do for your country."

Yeah, he got assassinated too...

 

 

Mon, 04/07/2014 - 15:30 | 4633209 Save_America1st
Save_America1st's picture

She'll probably get "suicided" by nail-gun soon enough.  After that she'll throw herself off a building...bounce...land in a wood chipper, and then she'll wash herself down the sewer into the river of floating pigs.  Simple suicide...happens all the time with corrupt banksters who know too much, too.

Mon, 04/07/2014 - 13:22 | 4632801 Babaloo
Babaloo's picture

Does she also promote public healthcare like she has in Hong Kong?

Mon, 04/07/2014 - 13:21 | 4632738 Colonel Klink
Colonel Klink's picture

Sink or swim serfs.  We 'merikans are exceptional because we're on the goobermint dole.

/s

EDIT: I see we have at least 2 entitled exceptional 'murikans who don't like the truth.

Mon, 04/07/2014 - 13:29 | 4632818 CrashisOptimistic
CrashisOptimistic's picture

Don't over celebrate this, Tyler.

Hong Kong has no social security for old folks, and more particularly they have no medicaid to fund nursing home patients with Alzheimers.

Tue, 04/08/2014 - 07:42 | 4635030 N2OJoe
N2OJoe's picture

So they don't hold a gun to your head and say "give me your money for the next 30ish yrs, and maybe later we'll give some back if we feel like it"

With such a strong aversion to freedom, and faith in your own complete lack of ability to make sound financial decisions, I wonder which Utopia you would prefer to live under? I'm guessing the Venezuelan or Cuban versions.

AMIRIGHT?

Tue, 04/08/2014 - 16:37 | 4636840 Glasnost
Glasnost's picture

GOOD.

It's not my fucking responsibility to make sure you save for your retirement.  IT'S YOUR RESPONSIBILITY.  It's called making projections.  Do a little work so you can see what exactly you need to do for your retirement.  

Harsh?  Yes.  THE WORLD IS HARSH.  So, fight.  Innovate, find a niche.  Create value, make what you do wanted and needed.

It also isn't my responsibility to make sure someone's rotting brain is financed to be kept in a nursing home where it can fester for a few more years.  It is that person and their family's and maybe their friend's responsibility.  Nothing further outside of that.  Not the entire fucking country.

Mon, 04/07/2014 - 13:06 | 4632740 The man with po...
The man with pointy horns's picture

I for one welcome our Chinese...

saviours?

Mon, 04/07/2014 - 16:23 | 4633390 MillionDollarBoner_
MillionDollarBoner_'s picture

Staff at (UK) cereal firm Weetabix are being consulted over possible cuts to pay and working hours, the BBC has been told.

An employee said the plans could see a 10% wage cut for production workers and a wage freeze for other staff.

Weetabix said staff and unions were discussing potential changes to both pay and shifts but refused to discuss specific details.

The company said it needed to be able to "adapt to meet the changing needs of today's modern families".

The company, which also owns the Alpen, Ready Brek and Weetos brands, employs 1,800 workers in Burton Latimer and Corby in Northamptonshire.

Chinese-owned Bright Food bought a 60% stake in the firm in 2012 from Lion Capital in a £1.2bn deal.

http://www.bbc.co.uk/news/uk-england-northamptonshire-26920589

Mon, 04/07/2014 - 13:07 | 4632751 Herd Redirectio...
Herd Redirection Committee's picture

The government is nothing but one gigantic graft distribution scheme, combined with providing an impenetrable barrier to entry for their fascist overlords..

Believe me, its not 'kids today' that are the problem.  Its a rigged game, and when kids don't want to play, we blame them.

Mon, 04/07/2014 - 13:10 | 4632763 alangreedspank
alangreedspank's picture

Huh huh. We make them sit at gunpoint in boring classrooms that teach team nothing for almost two decades and then people wonder why they're not enthusiastic about the system.

Mon, 04/07/2014 - 13:13 | 4632774 edotabin
edotabin's picture

Aren't they learning that new fuzzy math stuff?

Mon, 04/07/2014 - 13:16 | 4632778 alangreedspank
alangreedspank's picture

Yeah, the kind of maths that allows you to reach the conclusion that raising the debt ceiling does not raise the deficit.

Mon, 04/07/2014 - 13:33 | 4632833 BlindMonkey
BlindMonkey's picture

<Alex Trabek> It is to you BlindMonkey.

<BlindMonkey> Shit Barry said for $400 Alex....

Mon, 04/07/2014 - 13:38 | 4632849 alangreedspank
alangreedspank's picture

LOL

Mon, 04/07/2014 - 17:02 | 4633520 Smegley Wanxalot
Smegley Wanxalot's picture

Raising the debt ceiling DOES NOT raise the deficit because uhhhhhh "we owe it to ourselves" ... which is all well and good but then if we owe it to ourselves why are we paying the interest to a bank somewhere?

Mrs. Landers didn't teach us that chapter.

Mon, 04/07/2014 - 13:20 | 4632787 Totentänzerlied
Totentänzerlied's picture

What she meant to say was, "you can rely on the government to do its goddamnedest to make sure you stay in perpetual poverty", or "we really really need you to work hard so we can tax your stupid ignorant ass, pleb".

When a politician or bureaucrat (by definition, unless we're talking about Imperial Rome, these people live on taxes - your taxes) extolls the importance of work and industry, you can be absolutely certain that you're being taken for a fool.

Edit: She's friendly with the Communist Party? Oh oh oh, wow, gee, you don't ****ing say! What a surprise! A tax-parasite holds a favorable view of the grandest labor cult and wealth redistribution scheme ever devised. Only now she's revealed that the "redistribution" part ... well, it didn't mean what you thought it meant, sucker.

Mon, 04/07/2014 - 13:39 | 4632825 williambanzai7
williambanzai7's picture

Normally I would agree about bureaucratic  tax parasitism.

However, Hong Kong has one of the least oppresive tax systems in the world and few if any people here complain about the services they get from their government.

They certainly don't sit around on their fat asses watching porn, that is for sure.

Consequently, government service in Hong Kong is not looked upon as an embarassment.

HK does have another problem, billionaire cronyism.

Mon, 04/07/2014 - 14:25 | 4633024 disabledvet
disabledvet's picture

bwhahahahaha. that's the biggest real estate bubble in history "made possible by a debt monetization scheme" courtesy of Ben Bernanke.

HK has kept that peg to the dollar...so far...but I do find the scandals of "cross shareholding" in Singapore more than informative..let alone the massive capital flight out of the Mainland.

At some point there will no longer be any capital to flee, yes, yes?

I mean we are talking just a bunch of tall buildings here. (and there.)
Sure...bring in the Peasants from the farm.

And then what?

Mon, 04/07/2014 - 14:58 | 4633109 franciscopendergrass
franciscopendergrass's picture

"They certainly don't sit around on their fat asses watching porn, that is for sure."

You said it like if there was something wrong with that.

Mon, 04/07/2014 - 16:41 | 4633452 NihilistZero
NihilistZero's picture

HK does have another problem, billionaire cronyism.

And this is not a for of taxation for the proles how???

Fact is ther are no true Laissez-faire zones in this world.  The moment an ensconced power is in danger of taking losses the rules are changed or broken to protect them.  The FSA exists to keep this corrupt system intact.

Blaming the poor is total cognitive dissonace because if TPTB allowed the true power of an industrialized free market system to flourish the lowliest frycook could have a life of abundance.

And before CrashisOptomistic chimes in about oil and joules I will say this... If this corrupt system is able to conspire to deprive freedom from 99.% of the populace could they also not be barring us from energy technologies that would make hydrocarbons and the wars for them obsolete?

Mon, 04/07/2014 - 13:08 | 4632753 Rising Sun
Rising Sun's picture

Leonie Ki - you are my hero!!!!!!!!!!!!

 

FUCK YOU BARRY!!!!!!!!!!!

Mon, 04/07/2014 - 13:08 | 4632754 Silverhog
Silverhog's picture

So then why do they need a anti-poverty chief?

Mon, 04/07/2014 - 13:41 | 4632861 MeBizarro
MeBizarro's picture

Because there is a huge underclass in Hong Kong that live no better than dogs and their children have little/no chance of upward mobility.  Certainly won't be able to afford a house or access to higher education unless their parents have money to send them abroad to US, UK, or Australia for college. 

If you are trapped at the bottom in Hong Kong, you'll stay there. 

Mon, 04/07/2014 - 13:54 | 4632920 scraping_by
scraping_by's picture

The underclass is cheap labor. No matter how automated or information-based economies are, human labor is still necessary and always will be. Our government official is complaining the undeserving poor won't work for close to nothing so they'll be the deserving poor. Same as it ever was.

Mon, 04/07/2014 - 14:58 | 4633104 MeBizarro
MeBizarro's picture

Its different and the last several years now the 'working poor' (I would define as 2+ part-time jobs and/or working at least 30+ hours/week) and say are eligible for a portion of the EITC and/or other gov't programs because their annual income isn't enough to live on are now lumped in with the 'takers.'

Been a subtle and creeping vocabulary change that really started in earnest in'10.  It infuriates me to no degree that someone who is 'working poor' (a bucket that has really become enlarged since '08) is lumped in with 'takers' now yet there is little/no focus on the employers that have unorganized labor and use the public till as a way to keep their employee expenses down. 

Mon, 04/07/2014 - 15:07 | 4633132 scraping_by
scraping_by's picture

There's a certain generational bias at work, too. For us boomers, the phrase 'the working poor' was a contradiction in terms. Now, it's our neighbors. And our kids.

Mon, 04/07/2014 - 13:11 | 4632758 magpie
magpie's picture

If Taipei can do it, you can do it too...

 

Yesterday i spent several hours awake in bed asking why Singapore and Malaysia were not as decripit as the Philippines and Malaysia...a completly unrelated subject.

Mon, 04/07/2014 - 13:31 | 4632826 CrashisOptimistic
CrashisOptimistic's picture

Geography and Geology.

Singapore has been a fuel / rest stop for shipping for 100s of years.

The Philippines has been a rest stop for earthquakes for millions of years and has no oil.

Mon, 04/07/2014 - 13:38 | 4632848 magpie
magpie's picture

In one of those languages the word earthquake and typhoon should be identical.

Perhaps a similar phenomen can be established on the other side of the Pacific.

Mon, 04/07/2014 - 14:59 | 4633111 MeBizarro
MeBizarro's picture

Also forgot banking/insurance which Singapore has played in a key role in for a long-time too.  Now it is just the Chinese who dominate things there and not the British. 

Mon, 04/07/2014 - 15:31 | 4633212 carbon
carbon's picture

IT MOST BE THE WEATHER ! 

Mon, 04/07/2014 - 13:10 | 4632760 Cacete de Ouro
Cacete de Ouro's picture

Coming soon, obamasoup (kitchens)

Mon, 04/07/2014 - 13:14 | 4632775 TeamDepends
TeamDepends's picture

Soon?  It's here!  See EBT, SNAP, food stamps, etc.....

Mon, 04/07/2014 - 13:10 | 4632761 tvdog
tvdog's picture

Well, it is somewhat hard work to hunt down bankers and politicians and kill them.

Mon, 04/07/2014 - 13:15 | 4632777 Polymarkos
Polymarkos's picture

I ain't skeered o' hard work! Lemme do it! I'll bring my own weapons!

Mon, 04/07/2014 - 13:12 | 4632769 ebworthen
ebworthen's picture

I had a better feeling about self-sufficiency before the bailouts of banks/insurers/corporations.

If they don't have to pay their debts, why should I?

$1 Billion to Ukraine?  Why not EBT for me?

Mon, 04/07/2014 - 13:22 | 4632798 Obama_4_Dictator
Obama_4_Dictator's picture

+10000 - Crash the system from within just like the libtards like to do.  

Mon, 04/07/2014 - 13:27 | 4632811 EconomicGenocide
EconomicGenocide's picture

Spot on!! I asked a few of my repub arz hole friends if they were a Congress person would they spend 5 billion on SNAP or on the over throw of Ukraine. Typical response, neither,,,,,,,,,,,,,,yeah right! Almost all of the Repubs voted to cut 4 billion from SNAP and yet all of them voted for 6 billion to Ukraine.

 

I'm sorry I hate both the blue and red and give neither any legitamacy, but if your going to give TRILLIONS to the banks, don't be screaming at the poor who are asking for handouts.

 

Of course, 80% of all the ZH posters are nothing but a bunch of hypocrites who have benefited from QE and ZIRP yet downplay it as their own personal EARNED wealth gain!!

 

NVNC!!!!!!!!!!!!!!!!!!!!!!!

Mon, 04/07/2014 - 13:38 | 4632852 Bangin7GramRocks
Bangin7GramRocks's picture

That's right! The place is loaded with "free market capitalists" who would be broke dick poor if the nasty gubmint didn't fix the markets in 2008. It's all fake and not like capitalism at all, but it doesn't stop them from referring to themselves as the "productive class". Making money shuffling paper in a rigged market does not make one productive. Just a different breed of taker!

Mon, 04/07/2014 - 13:49 | 4632895 EconomicGenocide
EconomicGenocide's picture

Again,,,Spot On!! It is amazing how many people i know who scream at the government and the hand outs to the poor who have literally profited to the tune of hundreds of thousands of dollars in increased equity in their home or investments.

 

And they think they DESERVE it because they EARNED it. Give me a faqing break, these parasites make the poor and bankers look good. Bottom line, if your home, business or investments have gone up in value in the last 5 years,,,,,,,,,,,,,,,,you are nothing but a welfare recieving UnAmerican POS who stole that money via inflation on the POOR and from future generations.

Mon, 04/07/2014 - 14:29 | 4633037 Herd Redirectio...
Herd Redirection Committee's picture

Inflaton doesn't make anything 'go up in value'.

Nominal price, yes.

Mon, 04/07/2014 - 14:36 | 4633053 IronShield
IronShield's picture

Guess you haven't gotten the memo that life is a game and you have to learn how to play it?

In other words; if you are in a poker game and you can't figure out who the fish is, then that be you.  Sheesh...

Mon, 04/07/2014 - 15:09 | 4633135 Bangin7GramRocks
Bangin7GramRocks's picture

That's cool. Play the game, but don't shit on others for doing real work and not earning a living wage. And don't say things like "we rich work harder than they do". Because any feces flinging monkey could've made money in the last 5 years with access to free capital and Fed fueled markets.

Mon, 04/07/2014 - 13:13 | 4632771 tvdog
tvdog's picture

In Hong Kong, there are jobs to work at.

Mon, 04/07/2014 - 14:48 | 4633079 IronShield
IronShield's picture

I get it; so we're waiting on jobs to knock on our door?  What happened to creating your own destiny?  Oh that's right, it requires sacrifice; blood, sweat, tears...  You know, the America of yesteryear.

Mon, 04/07/2014 - 15:16 | 4633159 scraping_by
scraping_by's picture

The Horatio Alger story was always propaganda, and even Mr. Alger sickened of it toward the end of his life. Even the best years for business, during the Post WWII New Deal era, depended on customers made consumers by the unions, government subsidies, and especially the MIC.

Those consumers have been deliberately impoverished. Now, 'the heroic enterprise' stuff sounds hollow. Dance as pretty as you want, there's no one left to applaud.

Mon, 04/07/2014 - 13:13 | 4632772 Polymarkos
Polymarkos's picture

She sucks up to the communists because she has to. She's right to be paranoid about the American spies, although looking under the table for bugs is more than a bit naive.

 

To me, the last paragraph sums it all up:

 

 "...Perhaps after the inevitable collapse of the US insolvent crony capitalo-fascist, wannabe socialist, authoritarian state in which only the 0.01% are "rewarded" and everyone else is made to habituate to Big Brother's ubiquotous presence in exchange for daily scraps, she can be one of the people tasked with remodeling the next iteration of US society into something that actually works."

Mon, 04/07/2014 - 13:15 | 4632780 Schmuck Raker
Schmuck Raker's picture

Well, this article is kinda all over the place with what it might be trying to say. Huh.

Mon, 04/07/2014 - 13:16 | 4632785 alangreedspank
alangreedspank's picture

So honesty, many valor, such blunt, wow!

Mon, 04/07/2014 - 13:18 | 4632791 medium giraffe
medium giraffe's picture

Oh really?  So how come all I need to do to live carefree on +£30k is pretend to be sick, claim housing benefit, impregnate some dumb bint and create five or six young offenders?

Mon, 04/07/2014 - 13:24 | 4632802 The man with po...
The man with pointy horns's picture

It works best if you're a negro.

Mon, 04/07/2014 - 13:24 | 4632805 Winston Churchill
Winston Churchill's picture

Sounds like a plan.So nothing much has changed in the thirty years since I

became an expat then.

Mon, 04/07/2014 - 14:32 | 4633043 disabledvet
disabledvet's picture

not in Cyprus I hope.

has your world been hit by the "it's all about Flight ME 370" virus yet?

Mon, 04/07/2014 - 13:42 | 4632867 Bangin7GramRocks
Bangin7GramRocks's picture

If you call living in a shitty apartment, acting sick and raising 5 or 6 kids on 30k carefree, I wouldn't want to see what you consider a hard life. 

Mon, 04/07/2014 - 14:36 | 4633052 medium giraffe
medium giraffe's picture

Paying taxes for the cunts.

Mon, 04/07/2014 - 13:22 | 4632796 EconomicGenocide
EconomicGenocide's picture

Faq this kunt and the guy who wrote and promotes this shyte. The worlds problem is not free food, phones or health care to the poor. It is the 10's of trillions of dollars to the bankers and the wealthy. Of course this Asian bietch did not happen to mention that the wealthy in HK stole most of it via a corrupt financial system.

 

If she is so sincere than I would assume she has no problem with the poor creating their own currency and banking system!

Mon, 04/07/2014 - 13:24 | 4632803 Obama_4_Dictator
Obama_4_Dictator's picture

Sorry Brah, everyone has had a role to play.  The poor are part of the problem too.....elections have consequences 

Mon, 04/07/2014 - 13:39 | 4632854 EconomicGenocide
EconomicGenocide's picture

The MAJORITY of the poor are poor becasue of the rich. I would guess 80% of the people on this board have benefited from QE and ZIRP,,,,,,,,,,,,,,,,,,,,,,,,,,,,,but hey, thats OK for YOU to take your free shyte!!

Mon, 04/07/2014 - 13:42 | 4632869 Obama_4_Dictator
Obama_4_Dictator's picture

I've been hurt by QE fuck stick....I'm a saver, not a consumer, and I sold my 401k in 2009.  I have not benifited from anything, watch what you say.  But I do like a strong dollar and blame greed on ALL sides, including hte braindead poor who elected these scumbagts in office to give them free shit and print money like madmen to help run these deficits up.  THe poor are just as greedy.

Mon, 04/07/2014 - 13:27 | 4632814 alangreedspank
alangreedspank's picture

You're halfway wrong. It's both.

Mon, 04/07/2014 - 13:38 | 4632846 EconomicGenocide
EconomicGenocide's picture

If a homeless guy is stealing my lawnmower in the garage, and a banker is raping my daughter down the hall. A rational person is not chasing the homeless guy down the street.

 

TPTB want people like YOU spending half your time on 1/100 of the problem!

Mon, 04/07/2014 - 13:41 | 4632858 alangreedspank
alangreedspank's picture

Entitlement. Welfare bums and corporate welfare queens are both under its influence, and that my friend, did not take me "half" my time to write!

Mon, 04/07/2014 - 13:48 | 4632886 scraping_by
scraping_by's picture

Transfer trillions to a few big banks and no one bats an eye. Dole out a little bit to keep citizens from starving and everyone goes crazy.

Makes sure your enemies are where you can see them.

Mon, 04/07/2014 - 14:05 | 4632958 alangreedspank
alangreedspank's picture

Saying a poor guy arguing for someone else's money is not a problem because of banker bailouts is like saying give me your wallet because the sky is blue. It's true, but irrelevant.

Mon, 04/07/2014 - 14:23 | 4633018 scraping_by
scraping_by's picture

Pretending massive public wealth wasn't gifted to the rich is stage magic. Pretending it has no effect is socially necessary for some circles.

Question of what kind what kind of world you're paying for. Difference of keeping your neighbors from starving vs keeping a looting class wealthy.

Mon, 04/07/2014 - 19:25 | 4633993 Chris88
Chris88's picture

There's no difference in the government threatening people with violence to steal their money for either purpose.  Don't act like it's nobler to utilize force without antagonization to exporpriate property - it's wrong, period.

Mon, 04/07/2014 - 14:15 | 4632993 metaforge
metaforge's picture

I dunno about you, but I batted an eye.

Mon, 04/07/2014 - 14:32 | 4633045 alangreedspank
alangreedspank's picture

Heck, when they nuked all short orders on the financials and then bailed them out I think a third eye poped up just so I could bat it.

Mon, 04/07/2014 - 13:28 | 4632809 MeBizarro
MeBizarro's picture

JC.  The reason the US budget is tilting over is because of the elderly transfer payments through Medicare, SSI, and Medicaid (who single largest expense is instituionalized care for the elderly) and defense-related spending and yet the issue is Obamaphones?

Any society that invests the lion's share of its resources its is least productive members & foreign warsand doesn't even keep pace with maintaining let alone upgrading its physical and human capital is doomed to failure.  Yet that is exactly what we are doing and have doubled down on in the past decade (eg MMA Act of '03, massive and prolonged conflicts in Afghanistan & Iraq).

I love how the dialgoue globally has shifted now and even in the US the working poor (even those who work 2+ part-time jobs and or 40 weeks) are 'leeches' on the gov't tit if they need supplemental aid to get by because there wages are so piss poor they can't even afford to live.

 

Mon, 04/07/2014 - 13:28 | 4632816 edotabin
edotabin's picture

People aren't on the government dole for prosperity. Many (let's call them the chronic recipients) are there because they are OK to subsist. Government could have provided the framework for prosperity and progress but instead has turned into a mechanism which limits and suppresses the human spirit.

Mon, 04/07/2014 - 13:33 | 4632835 syntaxterror
syntaxterror's picture

$44000 in government perks plus $80000 in drug trade profits seems pretty dope to me, so to speak.

Mon, 04/07/2014 - 13:51 | 4632906 lakecity55
lakecity55's picture

Less go fishin' Tyrone.
Ah can't Lonzo, I gots to work today.
Oh, yeah, this the day you gots to walk to de mailbox.
Yeh, we go tomorro, bring me a 40, tho

Mon, 04/07/2014 - 13:31 | 4632828 firstdivision
firstdivision's picture

Would be good advise if the government wasn't so corrupt itself, along with taking as much free money from the productive citizens. 

Mon, 04/07/2014 - 13:32 | 4632830 syntaxterror
syntaxterror's picture

No doubt President Pillow Biter will sanctioning her soon.

Mon, 04/07/2014 - 13:34 | 4632837 drendebe10
drendebe10's picture

"Ask not what your country can do for  you.  Ask what  you can do for your country."    John F. Kennedy

Ben Carson for President 2016

www.runbenrun.org

Mon, 04/07/2014 - 13:35 | 4632843 MeBizarro
MeBizarro's picture

All of this despite enacting a widespread anti-poverty program and doing a host of other things because there is a huge and teaming underpopulation in Hong Kong that basically live like animals or worse.  

Mon, 04/07/2014 - 13:43 | 4632870 scraping_by
scraping_by's picture

Look at the practical outcome of the two ideas. Modifying conditions that create poverty = redistribution of excess wealth. Help yourself = work like a slave for pennies. It's tough becoming the deserving poor.

Mon, 04/07/2014 - 13:39 | 4632855 scraping_by
scraping_by's picture

Most of the gun guys I know who sit around muttering about armed revolution also buy the slogan that the poor are the enemy. So if the SHTF they're armed and ready to shoot their neighbors. Instead of the gangster capitalists who've spent the last forty years modifying the government and population to their own benefit.

The undeserving poor are much softer targets, by definition.

Mon, 04/07/2014 - 13:45 | 4632880 MeBizarro
MeBizarro's picture

Their 'talkers' who wouldn't even know what to do or how to organize themselves and how if you look at the research tend to be undereducated/poorly educated.  Not all but a lot fit the stereotype especially where I grew up in a more rural part of eastern PA. 

Mon, 04/07/2014 - 15:10 | 4633140 Lin S
Lin S's picture

Yep.

Mon, 04/07/2014 - 13:49 | 4632894 lakecity55
lakecity55's picture

Uhh, those kind of guys won't actually do anything if the time comes.

So, I would not worry.

Mon, 04/07/2014 - 15:09 | 4633137 Lin S
Lin S's picture

Most gun guys are all hat and no cattle.  Tactical this and a training class for that, overweight hicks with a chest rig and a goatee who sit around threatening what they're going to do during the commercial breaks in Glenn Beck's program. 

When push comes to shove they'll do nothing, and be the first to go.

Mon, 04/07/2014 - 13:40 | 4632856 Theremustbeanot...
Theremustbeanotherway's picture

By all means, God helps those that help themselves. However when you are in a police state showing initiative and being a self starter is likely to lead to you ending up in hot water.

You could for example set up a business making bullets and then some a***hole changes the gun control rules and all your work is outsourced to another state.

http://www.infowars.com/connecticut-student-suspended-for-asking-governo...

The trouble is in real life there are more f***ing snakes about than there are in the ark chamber of "Raiders of the Lost Ark"

Mon, 04/07/2014 - 13:43 | 4632872 Kreditanstalt
Kreditanstalt's picture

Pretty difficult to "make it on your own" when faced with a FLOOD of counterfeit cheap money & credit which goes only to the favoured groups.

End cheap money and the social welfare state and then maybe it will be possible...

Mon, 04/07/2014 - 13:47 | 4632887 lakecity55
lakecity55's picture

Wow, just about any country is looking better than the Soviet States of America.

Mon, 04/07/2014 - 13:48 | 4632889 IronShield
IronShield's picture

What!?  Did she just say, "let the eat cake" with a $hit eating grin on her face!!!???

Try that here and instant rioting by the free $hit brigade (of course that would make for easy targets too).

Mon, 04/07/2014 - 14:13 | 4632984 scraping_by
scraping_by's picture

People are saying that all the time. It's just billionaires using nonprofits and think tanks. By using academic and management vocabulary, they keep most people from translating into real life.

And those who repeat those slogans are doing the same job. They're working for billionaires for free. Which isn't just dumb, it's offensive.

Mon, 04/07/2014 - 13:49 | 4632897 Theremustbeanot...
Theremustbeanotherway's picture

Being poor and homeless, you might consider a night under the stars to help you get your sh*t together in order to face the giant debt hamster wheel....

http://www.infowars.com/uncensored-video-police-kill-homeless-man-for-ca...

On the other hand that might be the quickest way to check out of this world.....  

Mon, 04/07/2014 - 14:02 | 4632949 Itchy and Scratchy
Itchy and Scratchy's picture

Dirty rotten reverse-communists!

Mon, 04/07/2014 - 14:06 | 4632963 Itchy and Scratchy
Itchy and Scratchy's picture

'She didn't build that real estate company' - The Kenyan

Mon, 04/07/2014 - 14:08 | 4632967 Hobbleknee
Hobbleknee's picture

It's hard to prosper when the government stands in the way.

Mon, 04/07/2014 - 14:11 | 4632979 Itchy and Scratchy
Itchy and Scratchy's picture

'Change You Can Believe In'

Mon, 04/07/2014 - 14:24 | 4633020 reTARD
reTARD's picture

I bet she will NOT be getting a Nobel Peace prize, LOL.

Mon, 04/07/2014 - 14:26 | 4633029 Itchy and Scratchy
Itchy and Scratchy's picture

Or will be raisin' the debt ceilin'!

Mon, 04/07/2014 - 15:00 | 4633108 vyeung
vyeung's picture

yea yea yea. You have Amateur politicians as well as NGO's trying to establish their position within society that really helps no one. HK has always been small government big private sector with no safety net. You work hard you get rewarded, if you are a bum you get nothing. That is the essence of capitalism. Right now things have degraded with the new government ever trying to increase its size and the Pro-Western factions trying to use the guise of democracy to self rule. ITS PATHETIC. If you want the real intentions of democracy read Walter Lippmann, then you will see wolf in sheep's clothing.

Too many idiots trying to establish themselves when in essence they are your 5 year old trying to freeload off an adult world. Honestly, most of the Hong Kongers and its pro democracy clowns are clueless. Stick with what you are good at, Trading, Speculation and Private Enterprise.

Mon, 04/07/2014 - 15:20 | 4633176 polo007
polo007's picture

http://www.theaureport.com/pub/na/ted-dixon-what-gold-stock-insider-trading-tells-us

The Gold Report: The price of gold fell more than 6% in March. To what do you attribute this?

Ted Dixon: Gold took a one-two punch in late March. The first was the widening of the renminbi trading ban in China by 2%, which added extra costs to buying and hedging gold. The second was the surprisingly hawkish tilt of the U.S. Federal Reserve, pointing to interest rates rising a little bit sooner. Tighter monetary conditions do not usually benefit gold.

TGR: Increased import duties in India haven't reduced gold buying there. Why would China be different?

TD: I think the flows are different. In China, there is a lot of financial activity related to gold, whereas in India gold buying is cultural and driven by consumer consumption.

TGR: We've heard about greatly increased governmental buying in China, have we not?

TD: There have been rumors of that, and the Chinese media has called for the government to boost its gold reserves. That could provide a longer-term counterbalance to the shorter-term renminbi pressure.

TGR: DataQuick's latest U.S. national homes sales snapshot shows that "prices are flatlining or drifting lower while sales are sinking like a stone." Meanwhile, "The big private equity firms [are] exiting the [housing] market." These data don't suggest a U.S. economic recovery, do they?

TD: Basically, insiders are telling us that stock prices now have priced in a lot of good news, so it would be interesting to see how they react to whips to the downside. One has to be cognizant that much of the U.S. equities rally has been driven by the Fed and, arguably, has little to do with GDP growth one way or the other.

TGR: With regard to this hawkish tilt, it has been assumed for several years that we'd see higher interest rates and an end to quantitative easing (QE) only after an economic recovery. Given how weak the U.S. economy remains, can we assume that the Fed believes it is close to exhausting the utility of zero interest rates and quantitative easing?

TD: The Fed has a big ticking time bomb on its balance sheet. It is still piling up reserves, and I'd love to be a fly on the wall in staff meetings that don't get reported. I have to assume there is much concern about what happens to those reserves, particularly if the economy does surprise on the upside. In this sense, the low-altitude economy has been a blessing for the Fed.

We may have a little game of bluff going on here. The Fed is taking a hawkish stance now, saying it has to move rates up earlier, but, of course, if the economy remains weak, and the Fed has to backtrack, that opens up risks on the other side. The Fed has been running a big monetary policy laboratory over the past few years, and sometimes in laboratories accidents happen. At this point, however, the stock market seems to have assigned a very little risk premium to something bad happening.

TGR: It has been argued that if you remove the Fed's monthly stimulus from the monthly GDP report, GDP is actually shrinking, not growing.

TD: The Fed has certainly manipulated the economy. It has picked its favorite sectors, housing and autos. I believe that Operation Twist and QE have hurt the commodities base because they have favored interest-sensitive industries. Now, however, these industries will have to stand on their own two feet, and we'll see how this experiment in industrial policy works out. Usually, planned economies have a day of reckoning when stimulative measures run out of steam.

Ted Dixon is co-founder of INK Research (Insider News and Knowledge), Canada's first online financial news and research service dedicated to providing data on public company insider trading. (Free services are found on CanadianInsider.com and InsiderTracking.com.) He worked previously for Connor, Clark & Lunn Financial Group in portfolio strategy and product development, the Fraser Institute as an analyst, TD Bank as a treasury specialist and the Vancouver Stock Exchange as a floor trader. He has lectured in corporate finance at the BC Institute of Technology and is a Chartered Financial Analyst and member of CFA Vancouver. He holds a Master of Business Administration in financial management from the University of Chicago.

Mon, 04/07/2014 - 15:45 | 4633266 polo007
polo007's picture

http://truthfrequencyradio.com/how-far-will-stocks-fall-this-time-when-the-fed-decides-to-slow-down-quantitative-easing/

From the time that QE1 was announced to the time that it ended, the S&P 500 rose from about 900 to about 1,200.

When QE1 ended, the S&P 500 fell back below 1,100.

In a panic, the Federal Reserve first hinted at QE2 and then finally formally announced it. That round of QE drove the S&P 500 up to a bit above the 1,300 mark.

Once QE2 ended, there was another market correction. The S&P 500 fell all the way down to 1,123 at one point.

In another panic, the Federal Reserve first announced“Operation Twist” and then later added QE3. Since that time, the S&P 500 has been on an unprecedented tear. At this point, the S&P is sitting at about 1,800.

Mon, 04/07/2014 - 17:26 | 4633593 RaceToTheBottom
RaceToTheBottom's picture

Until they get a good answer for this question, they will convince no one.:

But, But, Bailouts worked for the Banksters, why not for little old me?

Mon, 04/07/2014 - 17:54 | 4633679 Andy Lewis
Andy Lewis's picture

What part of "The jobs aren't there." do you not understand, you stupid fuck?

Mon, 04/07/2014 - 18:10 | 4633740 Chuck Knoblauch
Chuck Knoblauch's picture

Help yourselves to a lower standard of living and debt slavery with no hope for a better future.

Have a nice day!

Mon, 04/07/2014 - 18:27 | 4633814 MedicalQuack
MedicalQuack's picture

We are not getting any help here but if you have not seen this, the data selling epidemic again.  Over 200 million US citizens exposed and the population of the US is around 314 million so your chances and mine are pretty good with being in here, that's about 2/3 of the US.

Experian bought this other data selling company, no due diligence and the data thief who was working there just continued to steal data and sell it until the Secret Service caught him.  Buy that company and get that data selling money, it's big. 

I go back to my 3 year campaign about requiring data sellers to have to buy a license as we have to identify them some way and the FTC admitted to 60 Minutes they have lost control.  All they do is verbiage anyway while code on servers selling and buying data runs hog ass wild.   Any surprise the FTC can just basically snivel about losing control. 

This looks to be the biggest breach on record of course and nobody is telling who's data got sold.  The guy was a fake private investigator that used the data base to pick and choose and sell data and make money.  Data had social security numbers, driver's licenses, credit card numbers and a lot more!  It was a pot of gold in other words for data. 

http://ducknetweb.blogspot.com/2014/04/one-really-good-reason-to-license...

Mon, 04/07/2014 - 19:44 | 4634016 RaceToTheBottom
RaceToTheBottom's picture

I have gone to Eastern Europe specifically to get certain tests done exactly because I don't trust corporate america to protect my data, especially when that data affects their profitability....

Mon, 04/07/2014 - 18:39 | 4633850 Ifigenia
Ifigenia's picture

While in Hong Kong they ask the people to stop relying on government, in Ukraine, the initiative to use the services of foreign PMCs (private military companies) «evidence of the inability of those who grabbed power in Kiev to ensure even minimum order in the country and, probably, guarantee their own security» by using «In particular, Greystone Limited, which is currently registered in Barbados and is a part of Academi Corporation, is a candidate for such a gendarme role. It is a similar and probably an affiliated structure of the Blackwater private army, whose staff have been accused of cruel and systematic violations of human rights in different trouble spots many times». 

What a World we are leaving. In one hand, we must not expect anything from governments, but we must pay tax and the govs use  private military companies to provide security. Isnt it a big JOKE?

Mon, 04/07/2014 - 19:15 | 4633956 Lord Koos
Lord Koos's picture

"Hard work" -- it used to be if you worked hard in America you could get ahead.  Nowadays plenty of people work their asses off and still can hardly make ends meet. So enough with the lazy American bullshit meme, already.

Mon, 04/07/2014 - 23:04 | 4634604 Kina
Kina's picture

Actually for HK this is total shit and this woman a smug comfortable piece of shit.

In HK there are no jobs.....the poor already try to look after themselves...and go around picking up rubbish/paper/carboard to sell at 10c a load. Yeh and they live in cardboard boxes where they can.

HK isn't like the US...people are not pampered with generous govt offerings....the Chinese are not particularly sympathetic to anybody...and especially now that mainlanders invade HK on  a regular basis using up all the local resources and putting costs out of the range of locals.

 

This woman is like Jamie Diamon telling us how rich he is...and us to go get a job.

 

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