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The Death Cross Of American Society
Presented with little comment aside to ask (rhetorically of course), who is The Fed working for?
Wall Street vs Main Street
As BofAML warns, if Main St. doesn’t recover this year on the back of the powerful cyclical combo of lower oil/rates/currencies then the specter of “policy failure” will haunt investors, and currency wars, debt default and deficit financing will become macro realities.
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Correction "we kidnipped you" "we killed your presidents" "we stole your wealth" "we are weak charactered and lazy and a business plan is a smoking gun and a handful of sweaty cash".
You are COVERED in blood Do you eat children for breakfast
Chosen to remind us what happens when good men do nothing.
Blow Israel off the fucking map boys BLOW IT OFF THE MAP
Gosh, by the Lord Jehovah, I hope your children don't wind up in a blintz or knish...:)
It's the Jews, stupid!
I can smell your Kuntboard from here. Pathetic, ignorant; couldn't pass a basic economics or civics test if your filthy brood's lives depended on it.
And once again I be proved right.
Everything from the minute you popped owt your mothers bits, was nothing more than a fucking filthy stinking lie of proportions you have to research to even have a grasp of just how fucked you are, thats how far we are gone. Your mother was full of shit, then your school was full of shit, your university filled you even more shit and then you got a job which if you tell the truth was nothing like you 'Believed', or were led to think of. Eh?
Your wages come from a monetary system that pays you for doing real work owt of currency they print from thin air, and then add fucking interest that you will slave all of your life to pay back.
Your politicians are bought and paid for, blackmailed with very fucking precarious photos of them fucking kids, proven.
You all, every one of you, and I include me, have a lived a lie, every fucking bastard day we have been on this Dogforsaken planet.
You know when your temper is being stretched, when you want to lash owt at the injustice you fucking well know is going on, and the fucking filth and deprivation is being done in your name? You know when you want to try and right this wrong? Its coming. We all know whats going down, but they never thought us fucking plebs could have a forum where we could understand and learn why we feel like this.
Now that shows you their mentality, doesnt it?
Cunts, utter fucking cunts.
;-)
I am not capable of writing that better...
Very well stated and I believe that is about the size of things...
The Federal Court of Canada has ruled against private central banking! Canadian gov't orders a media blackout!!
http://investmentwatchblog.com/canadian-media-ordered-by-government-of-c...
The very fact any government can ‘order a media blackout’ illustrates “the media” is contrived!
And this includes that dumb broad that wrote on her arm.
Just ask the Criminal Pure Evil Psychopath / Sociopath Brain Williams.
It's why is called a TV "production" / "program." A program of PsyOp, Propaganda & Scripted False Narratives to Mind Control "Program" the masses.
Brain's "mind" is just fine. It's functioning in the Criminal Pure Evil Psychopathic / Sociopathic way it should be. At least from his sick, twisted & perverted perspective.
Brian Williams lied and still has his job.
Grab whatever you can by any means necessary.
I hope ZH does a feature on this, may be picked up by US media so Canadians can see how their US Controlled PM is working against them.
can we poach that guy from Greece...
Easy to fix, hang the banksters.....
.....and their spawn....and their delusional dupes/progressivs/liberals/socialists/fascists/psychopaths, etc., etc., etc.
Can't expect any more of a country who now specializes in financial and military weapons of mass destruction
Is that so? What can we expect from China, the new rich kid on the block? Cookies and ice cream? This is a BUSINESS PLAN for investors and an act of war against America along with a cult-like fanatical hatrest of WHITE PEOPL called goy. And the only thing that allowed this to happen is MEDIA TAKE OVER.
The Chamber of Commerce within the USA should be placed in front of a firing squad for what they have done to the US businesses. The globe WILL NOT be better off without America. The US Unions, as imperfect as they turned out were what created a middle class.
Oh, yes, cheer on the demise of America. NATO nations ..what is the fucking point. Destorying entire generation of military aged men and women in 1st world nations.
What created the US middle class was the wealth of an empty, er... emptied continent. That and the 20th-century self-immolation of Europe.
Neither the US people, nor the US governing system, has any special virtue. It's all been tried before, and failed before.
Cultivate your garden.
good advice, fucking weeds, ha...
Sure, resources help but there are lots of places with resources that are also hell holes. But keep pushing the big lie that it was all a gift, just because you aren't getting what you think should be your fair share.
People who settled and developed America died doing it. It wasn't like they just got their EBT card refilled. Study a little history outside of the progressive reading list. We have it fucking easy by leagues in comparison and yet we whine because we was robbed, and that our ancestors were thieves as well. Bad shit happened as it has always happened. We can easily find fault with virtually ever civilization in history. Get over it.
Live your life as you are willing to demand others do, and maybe your example will enlighten and encourage others to do the same...or demonstrate the utter stupidity and futility of it all for all to see. Take a chance.
Unions created the middle class. Don't argue with me. it is a luxury you cannot afford.
Slaves are an export. and that is what is left of the US to export.
Wrong. The sparsely-populated Congo has more natural wealth than America ever had and yet it's one of the worst and poorest countries in the world. Japan has nothing by way of natural resources, is densely populated yet became an economic superpower in less than 50 years following the destruction of WW 2.
You remind me of Ubummer's 'you didn't build that'.
African equatorial jungle does not equal mid-latitude forest and plains. But you knew that already.
The more I read Bunny, the dumber she gets..
The incredible subsidy of cheap energy can not be left out of any development of america's middle class. Ditto for the GI bill and the many reforms that came out of the Great Depression: regulation of banks and utilities, 30 year mortgages and federal deposit insurance, TVA and Hoover Dam electric projects, etc, etc.
Now we are investing in pot farms and video-generated mind "enhancement" and having ROI confiscated through interest rate manipulation. Any real revolt would simply start with 5 1/4 % interest at the bank, bringing back Regulation Q for instance.
Hopefully at some point there is a mass rectal suppository of the red pill for the sheeple. I'm betting it comes in the form of QE4.
Plus one on the username. Can not wait to see the avatar.
Monsanto??
The whole economy is a rigged playground for the elite. There will be a price to pay.
This going to take some comprehending folks, you know how our lot of elected child fucking monsters blow the fuck owt of poor cunts in other lands?
They will quite happily do that right back at you, and me for that matter. Do you realise we are in a no-win situation? There is no political fix here, we are up against the wall, like a frightened rat? This isnt just us against the banks, this is game of 'Us', versus 'Them', those fucking pieces of shit cowards that would happily see half of any country fight another to death and loose millions, so long as none of them cunts and their filthy families break a finger nail, and make you die for their beliefs.
Call them what you want, but as a collective, we had better fucking start calling the cunts owt.
Not In My Name, not now, not ever, and this cunt will fight back.
Wake the fuck up.
:-)
You don't need to call anyone out. Simply quit buying their lies. Without our participation, they die a natural death. It is our collective acceptance of their lies, of their promises to deliver something for nothing that keeps them in charge. People clamoring for someone to DO something, like their legs and arms and mouths are restrained in someway. Simply quit buying what they are selling. The appeal to greed, that you too have have all this for only the small down payment. That you too can have success and fulfillment if you elect me to be your champion. That you too can retire with millions by letting me invest your saving in these grand companies an investment schemes.
Just don't buy it and they will go away. Of course if we wait too long, they will own it all, including our body and soul as they will have purchased for a penny all of our future labors.
What is evil? The willingness to take full advantage of people's weaknesses?
What is stupidity? The willingness to sacrifice everything for immediate gratification?
One thing for sure, you cannot defend yourself from evil with stupidity.
What you say is true. But that's where the dumbing down of the population comes in. Prolefeed from the lobotomy box provides 90% of any Western population with their "information" and entertainment needs. As long as they have that they win't unass themseves from their couches.
"As BofAML warns, if Main St. doesn’t recover this year...." - I just checked the crystal ball, let me know when you are ready
The dock workers should crawl back in their hole. That will turn things around.
Nothing odd here, that was the plan from the start.
I just saw this today at my Subway lunch and had a good laugh. How hysterical is it that one of the biggest booming businesses is counterfeit money detectors at retail stores? Let me get this straight. The Fed can print endless billions for the banksters yet the little guy can't print a few dollar bills just to survive? Wow the hypocrisy. Look at their biggest clients.
http://www.fraudfighter.com/
"Greed works, it clarifies" - GG
>>>"Greed works, it clarifies" - GG
I am so glad that I am not like the others.
/i
Resist m'fers. Resist.
Resist. RUSH in Rio
or Faithless:
"like the stone in the river against the floods of spring..."
"like the forest in the winter against the deep white silence..."
"like the flower in the desert that only blooms at night..."
"I will quietly resist"
You will notice that this cross also was reached at the same point the birth-death rate for small businesses went not just negative, but permanently negative (approximately 2008 time frame). I've worked with small businesses for 20+ years now and they have been at the base of my business model since the early 1990's. My focus has been on the accounting, financial, and strategic business side of the equation but I also support operating, HR, and marketing related matters. I've spent so much time in this space that I've had the opportunity to co-author five books with my father on subjects that directly impact small businesses (which I classify as $1 to $50 million in annual revenue).
What I can tell you about the last six+ years is this:
- My business model is dying if not already dead. When 70k more "potential" customers are dying each year they being created, the writing is clearly on the wall. But it's not just dying from the reduction in businesses, its dying from the fact that small businesses have no chance competing in today's market. Capital is extremely expensive if available at all (unlike that for large corporations), quality labor has all but been siphoned off by big business (think the damage of the ACA), the regulatory environment is beyond managable (tax rules, ACA, banking/Patriot act, environmental, safety, employee benefits, you name it), and the list goes on.
- For these bankers to now just get the importance of this chart and others supporting the death of the middle class, small businesses, and American dream is a fucking insult. Really, you're just figuring this out, that the structural damage created by the greatest heist in American history is going to be a problem for long-term economic growth. Are you fucking kidding me! I work with various financing sources on the credit side of life and they are absolutely clueless, I mean utterly clueless, as to what it takes to start and build a business in today's environment. I've never experienced such a worthless group of fucks that have no ability to think outside of their tight nit world.
- The core base of people that would actually start, launch, or build a small business have been wiped out, with no resources or appetite for risk to own and operate a business. Tricked into investing in the dot.com and subsequently looted in 2001 along with being hammered by 9/11. Then convinced to buy a home in the mid 2000's only to get wiped out with their equity, subsequently lose their jobs, and then tap their savings all during a crashing market, they were officially cleaned out by 2010. Their entire strategy since this time period has been to basically just survive. I have countless direct accounts and stories about the small business market over the past six years that all lead to the same conclusion. The upside reward in relation to the risks taken basically make no sense in today's environment.
I could extend my rant but after reading the comment from the BOA SFB, I couldn't resist as it really just stuns me that they live in such a fantasic fantasy world. But then again, with Washington being surronded by a beltway and Wall Street basically being surronded by a moat, why should I be surprised at just how distant, clueless, and out of touch from reality these parties really are. Wasn't George Bush that referenced the term Axis of Evil being Iran, North Korea, and some other country. Well the new Axis of Evil are the twin W's, Washington and Wall Street as they've combined, in nothing short of ten years, to kill the golden goose that the America economy was built on.
As in U.S.A......so in U.K..in reality I can only offer you 100% upgrade.
either go galt or run naked with a big dick and fuck everything in your path. survival in the teens, ha...
If it's any consolation (it's not) but it's the same all over. The small privately owned businesses get the shaft from all sides. Here in Ireland I know one family father, mother and daughter, who ran a nice little cafe. They gave it up and all went on welfare. Said it was just easier that way. They don't have quite as much money but have no hassle from the various parasitic stage agencies and their time is their own.
Things are truly serious when a society reaches this stage.
>>>Well the new Axis of Evil are the twin W's, Washington and Wall Street as they've combined, in nothing short of ten years, to kill the golden goose...
Great rant - though it's really too substantive, and accurate, to be a mere rant.
FWIW I prefer to think of the "bankers" as the Pole of Evil; the various governments of the world, together with their minions in Infotainment, have merely been been purchased by the masters of "money", to facilitate the deception, and fleecing, of the populace.
FWIW, I think we're just now finishing up with the fleecing, and moving on, selectively of course, to the slaughterhouse.
"and it's gone!"
Great post delivered.
Don't forget current small business and the challenge of creating any growth. It would amaze politicians and people how many one or two person shows exist. Hiring has become value loss. Taxes squeeze you for every drop. Insurance is expensive and still probably won't cover anything after paying exuberant fees for years. I would probably be considered impoverished even with a thriving business.
This analysis is flawed in the same way virtually all "rich vs poor" discussions are.
It makes no distinction between the rich who earned it (like, say, Steve Jobs) and the rich who stole it like politicians and their pals.
That's because those doing the analyses don't care.
And that's because most of them are aspiring thieves themselves.
PO'd because somebody did it to them before they could do it to others.
Bank Guarantee Insane, Corrupt Banking Ponzi Scheme, Auditor’s Dog and Pony Show
Posted on February 5, 2015 by Dublin Eileen
http://www.maxkeiser.com/2015/02/bank-guarantee-insane-corrupt-banking-p...
.
"Professor William K Black spoke today at the Irish Banking Enquiry held before the Public Accounts Committee. His presentation was ‘NOBBLED’ by fearful bankster cronies (in my opinion). However what he did say made it onto the RTE 6 1 news which is a wonder itself.
‘Concerned members of the Oireachtas Banking Inquiry have branded their latest witness as “high risk”, after they rejected his intended opening statement, the Irish Independent has learned.’
Here is what he did get to say to the white wash brigade." d.e.
the bankers need the "sovereigns" to enforce
the strip mining of the resources from the
people and lands. if they cannot corrupt
the representation of the sovereign, the source
of the sovereignty, then they resort to violence
by those or other means. the veneer of civilization
is exquisitely thin in the high minded circles and
the minds of those in the trenches are considered
as plastic putty to be molded into whatever shape
desired.
.
peace.
ps.
i'm pretty sure the "east and the west" are
partners at the top puttin' on a dog and
pony show to eat their own constituencies.
get it? it is an actual way of life and
"conspiracy", except, it is right in front
of everyone's face everyday. it is called
"currency" or "legal" tender.
of course, like all illusions, it has advantages
and facilitates motion and flow, relationships ....
.
but that doesn't end the discussion or make it
right, moral, ethical or optimal. there is where
they get you. it has its charm but has a nasty
bite. they seduce you with the charm part or
crush you with the bite and few are left asking
the question, " is there a better structure immediately
available with less bite and more charm? "
.
Watershed Victory in Greece by the Anti-Austerity Syriza Party — Lessons that the American Anti-Wall Street Opposition Must Learn Now
Bonnie Faulkner Interviews Tarpley on New York’s WBAI
http://tarpley.net/
Here is another by Bill Black with other guests, but I didn't get to hear it yet.
Auto Loans Steer Into Murky Subprime Territory January 29, 2015 at 10:00 AM
http://onpoint.wbur.org/2015/01/29/subprime-auto-loan-investigation
the monetary system we adhere to was designed
to replace the outright ownership of human beings
(slavery) and was presented to the naive public
as freedom in finance. your link exemplifies it
starkly, people's lives and futures traded as is corn, hogs
and waste.
The Death Cross Of American Middle Class Society, High Society not so much.
Fraudulent-reserve banking is nothing more than syndicated plunder backed by the violence of government.
The above chart is proof of this.
The banksters need to repay us.
Got guillotines?
You have entered another dimension
Have no doubt about it. The puppet and the puppet masters who destroy Countries will be hunted down like the Nazis were after WWII. Not to bring them to justice, but to dispatch them like you would a rabid dog. Maybe that’s the reason for rush for them to secure bunkers where they can hide out. They better plan on staying in there bunkers until they’re worm food.
Many of these banktsers are ready to go to their compounds in the southern hemisphere once WWIII erupts.
They'll be back when all is clear to feast on the profits in rebuilding.
(CAAPL)
In addition to the Four Rs, the American people should be compiling a list, call it the Crimes Against the American People List (CAAPL)?? A list of known pol, crat, functionaries (funcs), and bankster criminals that they are aware of.
Oath violating and treasonous gun and badge thugs, corrupt pols and crats, thieving banksters, etc. should be placed on it. At a minimum, their names, crimes, and positions, should be kept for future reference for accountability, trial, and punishment.
When the DC US finally collapses, these lists can then be used to root out the known criminals that will think that they can hide among their victims--no "Truth and Reconciliation," and no quarter.
The banksters need to repay us.
No. You haven't noticed how good they are at cashing out long before TSHTF? Consequences are for proles.
The Ceau?escus are the exception. They weren't killed for starving their people in a glorious revolution. They were pushed aside by bankster agents in the Romanian Communist Party. Ceau?escu threatened to become competition in the market for lending to fellow dictators after he finished paying off Romania's debt to the last leu. That had never been part of the deal. To cap it all he had forgotten to exempt the army from austerity.
First thing the National Salvation Front did, after suppressing its opposition, was to rack up another huge debt.
Another banker bites the dust.
http://www.bloomberg.com/news/articles/2015-02-04/mesirow-s-eric-vanderc...
http://www.newsday.com/news/new-york/safety-gate-hit-back-of-suv-just-be...
While I am sad for the family of this guy, and for the others lost, my guillotine is weeping the escape of another bankster.
The banksters need to repay us.
We nailed a few people to the cross ...........
After reading and hearing the Gallup Org's CEO talk about the "Big Lie" of the U-3, I now must wonder if the nation is run by not necessarily evil conniving people, but woefully ignorant people. How the CEO didn't know the difference until just recently, between the U-3 and U-6 is nearly beyond belief. However, it's great that he's taken it upon himself to identify just how mislead the nation is by that almost without fail headliner stat called the U-3 unemployment figure.
JUst shut up and buy the fucking dip.
Sometimes I like to ponder which level of hell bankers will be assigned to. Politicians, Doctors, Lawyers, child molesters. So many to choose from but so little time. As they say, let God sort 'em out :-)
Insurance agent.
I've been having this problem lately and maybe some of you here can help me out. When ever I go out in public and hear people talking about the economy and how things are picking up or how good the stock market is doing I have a natural and uncontrollable reaction of LOLing.
It's like a tick. I can't stop it from happening but I almost don't want it to hoping some gullible person actually asks me what's so funny.
What's funny though is I could literally stand in front of them for the better part of two hours and tell them what's so funny.
Any help would be appreciated as this disorder gets worse every day.
I thank you for your support.
The malady of which you are suffering from is called the "Ordered and Logical Thinking" Thought Disorder. You have become infected with that malady by attempting to think for yourself rather than rely upon the Media Commentators to tell you what to believe.
The cure for your disorder is to merely stop thinking.
It is far easier than you might believe it to be...
In order to affect a cure for this disabling social disorder you must keep your Television Set turned on and pick your favorite News Channel...You must keep your TV Set running 24-7-365, even while you are sleeping, actually, especially while you are sleeping, until the symptoms of your thought disorder abate.
When you can quote verbatim the likes of Candy Crowley or Sean Hannity, in accordance to your preference, then you know that your recovery is well underway.
Then you must stop READING any material as all readable material may be subversive and be counteractive to your therapy.
Stay away from any websites which contain subversive or controversial material, as Zerohedge for instance, as this will also be counteractive to your therapy.
Get a good Government Licensed Psychologist to help you through this troubling episode as your brainwashing and programming has been altered.
We also suggest that you begin drinking copious amounts of alcoholic beverages. If that does not help then we suggest that you use a lot of prescription medications combined with the alcohol and the use of illegal drugs.
Do not get caught.
Good luck. We know that you can do it as we have been listening to everything which you have spoken and have read all of your personal writings.
/s/
Your friends at the NSA.
PS...We need you to be an obedient servant. You are a patriot, sir.
What I get from my friends is "No wonder you are depressed, you read all the Zero Hedge stuff."
Yes I have euphoric friends basking in the Dow telling me how I should have kept my investments out of gold/silver. Anyone riding high in the markets and has a good job, thinks I have mental problems.
That's why markets keep going. Still so many fodders. When DNAs of prey have no knot of disobedience, the culling will continue until the remnants rise with nothing to lose. Still way to go.
Investing all your money in the stock market was a real good idea in the first half of 1929 too. It's the second half and what happened in the following years that everyone remembers.
It wasn't called the great depression until 1934.
So says a man who couldn't throw a baseball to first base.....
so you mean obama, silver?
And it wasn't a great depression until the FDR Prog policies intervened in the couple of years old recovery.
USSA is a Rogue Criminal Enterprise with Bankstas & NeoCons at the Apex.
LOL, and neoliberals in charge...get a grip yankee
Either Wall Street disappears or the workforce disappears because it's never going ti intersect again.
Recovery, recovery the same MSM BS spewed forth day after day. How CAN Main street revive? hmmm? When the founding group of this nation is being discriminated against by its own GOVERNMENT??? Then the so-called business sector also discriminates against this same group, and the "entertainment" industry blatantly ridicules, demeans, insults and spews forth a pernicious agenda in its "films" "TV" and etc.
American tech employees forced to train H-1B replacements
So also supporting with our tax dollars the government that DISCRIMINATES against us that is working to ERADICATE us from the land our forefathers built the greatest nation on earth.
Just as the Afrikaners built a first-class country, look at them today being genocided while the world looks away.
The tribe will NEVER, EVER permit whites to escape.
Read her harrowing story and then realize this is the RULE not the exception. WHITE MEN AND WOMEN WTFU you are TARGETED for extinction and YOU fund your very demise by paying taxes to your EXECUTIONERS, the same ones who BUTCHERED the Czar and his family.
The LITERAL descendants of those BUTCHERS now are Big City Mayors who were White House Chiefs of Staff, they are Senators, Fed Big Shots, Wall Street helmsmen, movie producers, you get the idea? And they RUN our government.
http://washtech.org/news/industry/display.php?ID_Content=5363
Another tech-worker, Diane Drozdowski, was forced out of her job at American Express in Phoenix, AZ. After her manager used "bully tactics and psychological warfare" to try to get her to quit, resulting in a mental breakdown, she was replaced by two Indian workers based in India. American Express flew these Indian workers to Phoenix and forced her to train them, upon threat of losing her severance pay.
A champion retriever cannot train a pointer to be a retriever.
It is far more than just training. This is in health informations as well. Or in laymen's terms, medical records. We are being replaced by developing nations, india more specifically. They are now the managers and Quality Assuranced has turned into hell on earth for the Americans. As a Canadian, I watch them being picked at, abused, insulted, fired for nothing, tricked, the recipient of maneuvers which seem to be focused on destroying them financially but pulling rug out from under them. Never have I seen anthing like it and that is why I worry about the propaganda war on the planet.
AMERICANS ARE BEING TARGETED if there is anyone around who happens to care.
Americans perfected this job with their close attention to fine detail. Until I state my country, I am assumed american as well, and feel the disdain, pure contempt, almost ridicule and dismissive disgust for me turn into "oh hi, how are you? when I say i am a Canadian.
Stress is enormous. Heart attacks in their 40s is not unheard of in this field where we sit and type nonstop on timed legal documents dictated by ESL physicians who do not attempt to make it easier for the typist.
http://forum.mtstars.com/main/
I'm still waiting for Turbo Timmy's 2010 summer of recovery! Ha!
There is no end in sight to this bubble. Big gas fart wont pass.
Just look what happens when the cronies take control. Bankers and .gov, health insurance companies and .gov Government bail outs are necessary...The economy is good but 0% interest rates are still necessary...Government mandated health insurance will bring costs down...
So do the opposite of what they say.
Unambiguously good!
We have to stop favoring capital gains in the tax code. It pushes every incremental dollar toward capital investment and away from labor. It distorts the economy and makes people chase bad investments. Just level the playing field in a revenue neutral manner.
Tax code? I'll cut taxes by 95%. Get rid of 95% of the government.
No taxes? Or at least fair tax if you still love your government.
In what vehicle would dollars toward "labor" manifest? I'm intrigued.
Handjobs
Really good ones.
Probably the best answer to that question.
Gay men .... give better hand jobs .... and blow jobs .... than women .... because they understand the male body ! LOL
You had to go there...
I don't know. I met a Chinese massage lady who was pretty proficient with the male body.
i can live my life without proving that statement...much like i dont need to bend over for a politician or a central banker to know he is going to try and fuck me whether i am bent over or not
spoken like a pro...
Don't worry our "leaders" will help us. As soon as we start hanging them
In Germany and Japan, the average CEO makes less than 25x the salary of an average employee of the same company.
In America, the average CEO makes more than 400x the average salary of an average employee of the same comapany. In low wage retail industry the number is much higher.
You don't need to know anymore than this in order to understand what is wrong with America's society.
Have you attempted to calculate how much the average salaries would increase if the executives pay was rolled back in? I would imagine it wouldn't make much difference for most corporations. I agree it seems ridiculous to see these disparities but I think we allow ourselves to be distracted by envy rather than dealing with the real problems.
I know were you're going here, and your right. If you did the math, it wouldn't amount to much. But then the ultimate goal is marxism - "From each according to his ability, to each according to his need"
But in fact, we don't know that the average employee salary WOULD increase. The extra money could go into R&D, expansion, dividend payments, or increasing cash balances for future acquisitions. Even if it was explicitly targeted to other employees, would there be a rule that it only goes to the lowest paid employees? Also, if you pay CEO's less, what potential impact does that have long term to company competitiveness? Maybe earnings go down and so pay has to be cut across the board. This affects the owners (stockholders) of the companies. I'm gonna go out on a limb here and guess the original author of the article doesn't have piles of cash in the companies that would be affected by such a policy.
If U.S. companies are paying their CEO's too much, why don't stock holders and directors cut the pay? Isn't it possible that one reason the U.S. business are so successful is that stock holders and directors do a better job of recognizing the value of a good CEO and have bid those employees away from the cheap ass Canadians (and elsewhere)?
I would also ask why we would expect the CEO to average pay ratio to be the same in different countries?
It's all envy all day long (that and general non-thinking)
Naive and grossly oversimplified. I suspect the point most here would make about this issue might be one of the following:
#0: The CEO isn't the only overpaid jerk in large US corporations. So the amount of wasted or stolen money is much larger than often claimed (looking only at the CEO). Also, the concentration of so much money in the hands of these executives gives them the power to manipulate the entire corporation by favors.
#1: How about "to each according to his abilities". Very few CEOs have hundreds of times more abilities than dozens (and sometimes hundreds) of their better employees. What they do have "extra" is... connections and power.
#2: CEOs in the USSA have learned how to stack and control the "executive compensation group" within the company. These days, stockholders rarely control squat. Just like the US government, the predators have learned how to ignore their own laws without being thrown out or punished... just the opposite in fact.
#3: Which is just part of the larger issue... the CEOs function primarily as polititans, and primarily to cement power into their own hands, not improve the company or its products. In most cases, of course.
#4: American companies have had an artificial example since WW2, which makes them more successful in many cases, but not because the CEO is some superman or deity.
#5: The companies would do much better (for the employees and customers) if the extra wasted money went into R&D, product development, rainy-day funds, avoidance of debt, etc.
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Some people may be motivated by envy on this issue, but not all, and certainly not me. The gripes are totally legit, just as the gripes against the predators DBA government are legit.
Large corporations (1,000+) account for maybe 1% of employment. It's not up to business to create jobs. job creation is a by-product of success of a product or service, right?
No one HAS TO WORK in retail. People CHOOSE TO.. HEEELLOO
Moronic comment. No one has to do anything. A reasonable job is better than no job you idiot.
No one HAS TO WORK in retail. People CHOOSE TO.. HEEELLOO
And please, fill me in ... what is so wonderful about living in Germany or Japan?
Ponzi metaphor: When you are going over Niagara falls .... in a barrel .... it would be a bad time .... to turn the water off ! Bonus joke: I woke up and went outside this morning .... I saw my shadow .... six more weeks .... of financial Winter !
I said here on ZH that one day I would be out of debt and that day is today. I am 40 years old and I don't owe anyone anything. It feels so good to be done with all of it. I did not screw anyone over to do it either. I kept my debt low and did not buy any more than I needed. Mrs. M was rather perplexed as to how well I kept debt in check for the last decade. I am rather deflationary by my saving habits and paying of debt. I did nothing illegal other than save and be cheap.
Well, I did what I said I was going to do and have to sell a gun, ammo or gold but I did trade some silver...for a gun. I kept buying and stacking.
Mr's M thought I was a redneck but was apologetic today. No, I am a redneck, hill billy whatever, but one that can figure out finance and has no debt!
We will drink tomorrow. (I don't do tatoos)
A story of American patriotism and self determination. Congratulations to you and your family.
I want to thank you all for the compliments. It can be done. I think at one point I even that I would run up the debt on the credit cards and then not pay them. It was another ZHer who told me that I would be no better then them if I did that. That one caught me because that is morally correct so I chose to pay my debts and not stiff someone. I see the point clearly but if I am liar vs another liar then would good am I? I paid every everyone off so I don't owe anyone for any debt other than the next rent/electric/ insurance bills but that is not debt per se but rather than an expense and that got prepaid as well.
I chose to do it the correct way. My credit was 803 the last time I had to asked and small loan was paid off quickly. I just did not want to sell any gold and I didn't. For all of the years that I chose to be the way that I am financially; when I was told I was wrong and a Ron Paul nutcase, I made it to zero debt plus a quite a bit. Well, I had the ZH philosophy in mind and it works. I am a nutcase who has no debt and only three old cars on title. I just need to finish the game by gettting the rest out of the bank without triggering an IRS report.
I don't owe anyone anything anymore and it drives all of them batshit crazy. I am not rich by any means but when these fuckers see any sort of money in an account, they feel the need to call. Too late. Give me my cash please.
We're working on our own individual secession from the Union.
Amen
congrats! but a bit of context, do you own your own house, car, food and water supplies and have your health care paid out for the nxt forty years of your and Mrs Manipulations life?
heres's a question for you to check out...can you pay a check to your local city, state and government that means you pay no taxes ...ever again..
a bit negative..but just remember, your ocal city and state taxes will be more than the average repayment of the mortgage to to buy your house (principal and interest) in just 20 short years
and your health care costs will require cash flow..ask your providers for a quote today for life time health..and then insure against the default of your health care provider if you do...
truth is ...you are ahead of 90% of the 99% who aren't inthe 1% who don't give a shit what happens...but...the 99% need to feed on your wealth because....they don't have enough vaue and want yours by any means possible...
when we get to fiscal surpluses and det to gdp of around 40% (from 100%) everything you have built can be confiscated by assholes called "democratically elected politicians" and their agents...
governments by definition...suck..and central banks are their muppets..like this
https://www.youtube.com/watch?v=mbs64GvGgPU
With the implementation of FATCA, the infrastructure is in place to steal (tax the shit out of) your assets in nearly all countries in the world...
Now that you know you can do it .... loan up to the hilt .... buy even more PMs .... and do a Grexit .... to the back country ?
You lost me when you mentioned Mrs M....
Kidding you lucky man. I am working toward the same goal. I got a place in a low tax county real close to Corp of Engineers lake big enough to.raise veggies, chickens and rabbits. Fish from the lake, deer and hogs. Will rig diesel genset and solar power soon when it warms.up.
Move from big city in 2 years if plan works out.
Costa Rica...? Lake Arenal...? I'm down by Dominical... :)
Congrats, brother. Enjoy it.
The paradox of thrift is something this deflationary world will reinforce to all who follow you. Well done on beating the crowd. The things is now, where do you store value?
Congratulations! I remember the day I officially extinguished all my debt. Literally the best day of my life (although I tell my wife otherwise).
Spread the word and make sure others are working towards the same ends. Together, we can break the back of the banking cabal.
Lock and load one 30 round pitchfork!
Major problem is that these are the number of peeps in DC who would even understand that graph:
Admin - 0
House - 2
Senate - 0
Federal Reserve - 1
Treasury Dept - 0
Business Reporters - negative 7
Council of Econ Advisors - 0
President's Economic Council - 0
And why the fu** do we have 2 councils that are equivalent? Slick Willie started PEC so he could give his pal a job and a woman the other. And Congress never questions the need to spend 10s of millions of dollars to have 2 effing groups that do the sasme effing thing.
It all boils down to everyone is living off the labor of others. But the productive value is not enough to support the middle class and the Chinese coruptocracy along with all the FSA and our own class of intestine lining parasites that pass for leaders
NO!
No moar war for isreal!!
And, stay home nuttyyahoo. America does not want you here at all.
http://www.veteranstoday.com/2015/01/29/poll-netanyahu-should-be-investi...
https://www.youtube.com/watch?v=i2flslpJt6k
Half Empty?
This chart has a much more plausible explanation.
As Stawks and Bonds have risen, less and less human beans NEED to work because they have made so much more money in the last dozen years by taking their children's ear ring, tatoo, and hoodie savings and invested them in Gopro, AAPL, and CMG.
Therefore your analysis is waaaaay off base.
If you like your death cross, you can keep your death cross.
Guess the Pvt Bankers hate us for our Freedom...