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Paul Tudor Jones Warns "Disastrous Market Mania" Will End In "Revolution, Taxes, Or War"
"This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist," warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question - can capital be just? Hoping to expand the "narrow definitions of capitalism," that threaten the underpinnings of society, Tudor Jones exclaims, "we're in the middle of a disastrous market mania," adding "one of worst of my life." Perhaps most ominously, he concludes, historically this ends "by revolution, higher taxes or wars. None are on my bucket list."
Can capital be just? As a firm believer in capitalism and the free market, Paul Tudor Jones II believes that it can be. Tudor is the founder of the Tudor Investment Corporation and the Tudor Group, which trade in the fixed-income, equity, currency and commodity markets. He thinks it is time to expand the “narrow definitions of capitalism” that threaten the underpinnings of our society and develop a new model for corporate profit that includes justness and responsibility.
It’s a good time for companies: in the US, corporate revenues are at their highest point in 40 years. The problem, Tudor points out, is that as profit margins grow, so does income inequality. And income inequality is closely linked to lower life expectancy, literacy and math proficiency, infant mortality, homicides, imprisonment, teenage births, trust among ourselves, obesity, and, finally, social mobility. In these measures, the US is off the charts.
“This gap between the 1 percent and the rest of America, and between the US and the rest of the world, cannot and will not persist,” says the investor.
“Historically, these kinds of gaps get closed in one of three ways: by revolution, higher taxes or wars. None are on my bucket list.”
Tudor proposes a fourth way: just corporate behavior. He formed Just Capital, a not-for-profit that aims to increase justness in companies. It all starts with defining “justness” — to do this, he is asking the public for input. As it stands, there is no universal standard monitoring company behavior. Tudor and his team will conduct annual national surveys in the US, polling individuals on their top priorities, be it job creation, inventing healthy products or being eco-friendly. Just Capital will release these results annually – keep an eye out for the first survey results this September.
Ultimately, Tudor hopes, the free market will take hold and reward the companies that are the most just. “Capitalism has driven just about every great innovation that has made our world a more prosperous, comfortable and inspiring place to live. But capitalism has to be based on justice and morality…and never more so than today with economic divisions large and growing.”
This is not an argument against progress, Tudor emphasizes. “I want that electric car, or the jet packs that we all thought we’d have by now.” But he’s hoping that increased wealth will bring with it a stronger sense of corporate responsibility. “When we begin to put justness on par with profits, we get the most valuable thing in the world. We get back our humanity.”
* * *
As one attendee noted, PTJ received a standing ovation...
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We have corporations with more rights than individuals.
"Legal fictions" tend to slip through, gradually at first, then become more and more blatant, as legalized lies, backed by legalized violence. The status of corporations as "persons" in the context of American law appears to have started as a court report:
http://en.wikipedia.org/wiki/Corporate_personhood
... the court reporter, Bancroft Davis, noted in the headnote to the opinion that the Chief Justice Morrison Waite began oral argument by stating, "The court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution, which forbids a State to deny to any person within its jurisdiction the equal protection of the laws, applies to these corporations. We are all of the opinion that it does." While the headnote is not part of the Court's opinion and thus not precedent, two years later, in Pembina Consolidated Silver Mining Co. v. Pennsylvania – 125 U.S. 181 (1888), the Court clearly affirmed the doctrine, ...
http://www.batr.org/totalitariancollectivism/corporationsandlaw.html
Corporation:
Ingenious device for obtaining profit
without any individual responsibility.
-- Ambrose Bierce
alien-IQ previously made this comment:
To assess the "personality" of the corporate "person," a checklist is employed, using diagnostic criteria of the World Health Organization and the standard diagnostic tool of psychiatrists and psychologists. The operational principles of the corporation give it a highly anti-social "personality": it is self-interested, inherently amoral, callous and deceitful; it breaches social and legal standards to get its way; it does not suffer from guilt, yet it can mimic the human qualities of empathy, caring and altruism. ... Concluding this point-by-point analysis, a disturbing diagnosis is delivered: the institutional embodiment of laissez-faire capitalism fully meets the diagnostic criteria of a "psychopath."
Corporations especially "have more rights and freedoms than individuals" because flesh and blood individual must die, while corporations have potential immortality within the established social systems. Thus, inside of the established social pyramid systems based upon legalized lies, backed by legalized violence, corporations are psychopathic demigods.
out hustle, out compete, out think.
But ok, I see your point.....
See above point on morality.... Some groups have been very successful because they take a differnt view on morality and justice.
I would add also (as a positive) that they help each other and often to the exclusiion of others. They do this for cultural reasons but the byproduct is having an de facto network that will support them extensively. People should learn from this but it will also mean a more divided populace.
funny what being herded into ghettos, stripped of weapons and rights and loaded onto boxcars bound for deathcamps will do to your view of outsiders....
Ask yourself what might have provoked that horrible response from someone. There are 2 actors in any story and you seem to be inclined to think that Jews were absolutely innocent in everything they do...hence again, views on morality and justice.
I don't excuse the Nazis, but I am sure they had a long list of grievances to decide that they had had enough of the minority for numerous reasons.
Jews have a weakness about self reflection and emotional inteligence as it relates to others.....they provoke others ( through whatever action) and eventually piss the person/group off so much they get knocked on their ass. And then they stand there and demand to be viewed as the victim, never understanding that it was their actions that provoked the other group.
Are you talking about the 25 million Christian Russians murdered by the NYC banker Bolsheviks and people like Armand Hammer?
http://en.wikipedia.org/wiki/Armand_Hammer
Hammer was born in New York City, to Ukrainian-born Jewish immigrants Julius and Rose (Lipshitz) Hammer.[7][8] His father came to the United States from Odessa in the Russian Empire (today Ukraine) in 1875, and settled in The Bronx
His parents were communists but the son was able to do business with the USSR. How did that work?
Do try and keep up with the latest info from real historians Dave , I know its kinda hard to catch their speaking engagements cos they keep getting thrown in prison n,all and kicked out of "freedom" countries, but, you know ,you could at least make the effort, even in Vegas
"out hustle, out compete, out think"
SERIOUSLY ~ Do you consider that a worthy objective?
Please... Indulge us... Tell us everything we need to know about your VALUE SYSTEM [towards the rest of humanity & your fellow man]...
I have news for you [whether or not you reply here]... The JOKE is going to be on you in the end, or at some point... Because... Assuming we actually arrive at the point where ALL GOY are finally conquered & enslaved [whether or not as result of some 'overshoot' retribution for a grossly exaggerated semi true/semi false narrative that has been purposefully indoctrinated, starting at childbirth, into Western culture minds over the past half century, but IN FACT, does not exist AT ALL in EASTERN cultures]... Notwithstanding ~ DO YOU REALLY THINK IT'LL REACH A POINT OF EQUILIBRIUM THERE?
IMHO ~ Absolutely NOT... The REAL FUN will begin when all these INBRED FUCKS turn against themselves [because their behavioral DNA programs them to do so]...
Which is EXACTLY why I'm not interested in ever becoming Sheldon Adelson's smarmy poolboy...\
May you live long and have many Baby Ruth bars in your future!
Do you know how much Neanderthal DNA your genome has in it? (I ask about that, since you read like an ex-European settler to the USA rather than from other cultures, where I would specify other strands).
If you're lucky it'll be 1-2%. Shame, 20% is where things get kinky.
Here's a thought experiment: if the five races of Homo Sapiens made it to this point in time, how different would things be? [Note to self: four confirmed, might be jumping the shark on the fifth one, but hey, getting bored of the no forerunning rule, as is my wont]
Heeeey. LasVegasDave how the hell are ya ? Been awhile. I recall your grand announcement on a comment thread several months back where you stated this site was full of wackos and you were finished for good, which nobody gave two shits about. Good to see your sorry pregressive faggoty ass made it back to inject the poop that seeps out of your brain and through your mouth into the comment threads. Glad ya made it back Dave. It's so good to see you. Back to fight the good fight. Alright. High Five.
Translation: I got my billions off the paper joobuck ponzi... So all the rest of you... FUCK OFF [& remember that I once pretended to give a FF about you]...
<--- Actually thinks PTD gives a FF about them, or, is either CH1, iofera, or Las Vegas Dave [on lunch break from cleaning the Baby Ruth bar out of Sheldon Adelson's pool].
I vote for all of the above. The economic system is crumbling and since it is now global and everybody is playing by the same crooked rules, the collapse will be magnificent and it will take several years to happen.
Sounds a lot like Elisibeth Warren cept she wouldn't dare criticize O'bummbers phoney market.
I, for one, am looking forward to a collapse of unprecedented proportions. Fuck all the fake shit that dominates life in the current paradigm. Ignoring reality is no way for an adult or a society to go through life.
"Fuck all the fake shit that dominates life in the current paradigm."
1000x agree.
Given that every one of us, with the possible exception of Ray Kurzweil, will be dying in the near future anyway, the best course for Homo sapiens is a mass die-off.
Mega-death may not be their first choice, but it seems that the Left, the Right, and the Greens are all OK with the above... so let's roll!
"historically this ends "by revolution, higher taxes or wars."
Picture the Oulaw Josie Wales and 10 Bears having their little talk; It will be war
you gonna print that money or whistle dixie?
I Reckon so.
Can you imagine the stamping of feet if somebody were to talk to Obama with iron in his words?
"Historically... [this ends]... one of three ways: by revolution, higher taxes or wars..."
Let it begin. Let it begin. Let it begin!
Revolution= TEA Party.
Taxes= Inflation and Obamacare.
Wars= Iraq, Lybia, Syria and Ukraine(aka the Big Enchilada).
"This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist,"
Unfortunately, completely wrong. It existed for 1000 years during the European Middle Ages. You can't look at the 50s, 60s, and 70s and call that the norm and declare other periods an anomaly.
American Middle Class: 1945-1980 RIP.
Yeah, but during the middle ages, a lot of those pesants and serfs actually had less interference in their day to day lives by their lords than we have by our government. A squabble over who planted what feild? They let the peasents sort that shit out amongst themselves.
(R)evolution
AFTER ridiculously higher taxes, and runaway death insanities, provoked by debt insanities which are mathematically impossible to solve within the established systems, THEN Re-evolution, or (R)evolution. Indeed, runaway taxation and criminally insane wars are still the same old-fashioned "solutions" within the established systems, which are almost nothing but organized crime, surrounded by controlled opposition. Those continue to be, by far, the most probable future scenarios.
Without being able to actually watch that TED Talk, which does not yet seem to be publicly available (?), but based only on reading the article above, that presentation was merely more of the same old-fashioned reactionary "revolution" promoted by controlled opposition, which gets applauded by the mainstream morons who want their "solutions" to not force them to go through the severe cognitive dissonance required to more fully understand what the problems are.
Anyone familiar with my kinds of comments posted on Zero Hedge for the last couple of years would be familiar with my views that:
REVOLUTION IS RE-EVOLUTION.
Or, as trader1 wrote: (R)evolution.
A genuine revolution should be based upon a convergence, to create a new starting point, from which regular evolution could again begin to diverge ... There should be a creative synthesis of post-modernizing science with ancient mysticism, such as begins with an appreciation that ENERGY IS SPIRIT, and continues through a radical critique of the concept of entropy, which became historically inverted, so that the understanding of thermodynamics and information theory could remain consistent with the biggest bullies' bullshit world view, which inverts and perverts everything, by presenting everything through ways that result us living in a Bizarro Mirror World, or Wonderland Matrix, of backward absurdities, which includes the bogus "solutions" promoted by the controlled opposition groups, which criticize the established systems of organized crime, whereby governments are the biggest form of organized crime, controlled by the best organized gangs of criminals, who are currently the banksters.
"Capitalism" should be understood through an approach based on general energy systems, wherein human beings and human civilizations are perceived as entropic pumps of energy flows (where that is also done in ways that reverse the historical inversion of the concept of entropy, as well as appreciate more that ENERGY IS SPIRIT.)
IF one actually desires some form of "capitalism" that is just and moral, then one has to track back to the source of just morality, the principle of the conservation of energy, which is currently the possibly more scientific way to approach an understanding of God, while a better understanding of entropy is the more scientific way to understand evil. However, the presentation outlined in the article above appeared to me to still be based upon understanding the real mechanisms backwards, and therefore, continues to be based upon old-fashioned false fundamental dichotomies, and the related impossible ideals, which will continue to backfire badly, and cause the opposite to actually happen in the real world.
The BASICS are that money is measurement backed by murder, as the most abstract form of private property being based on backing up claims with coercions. Capitalism somewhat operates as entropic pumps of energy flows, however, that has included the development of enforced frauds, whereby the debt controls were backed by the death controls.
The ONLY genuine ways to change "capitalism" is to change the death control systems which were central to the control of everything else. The currently established forms of "capitalism" are due to the best organized gangs of criminals, the biggest gangsters, the banksters, and the big corporations that have grown up around those big banks as the source of the public "money" supply, as government enforced frauds by those big banks. The ability of the best organized gangs of criminals to apply the methods of organized crime to the political processes has resulted in the the powers of "We the People" being effectively privatized, and used to rob them blind, since enforced frauds are symbolic robbery, and those actually are the foundation of the currently established political economy.
Real, radical revolution would change who controls the public "money" supply. Such a change cannot be achieved without addressing the ways that money is necessarily measurement backed by murder, because human realities are always organized lies operating robberies, because human beings are always operating as entropic pumps of energy flows, which are able to build mental models of their world, which include mental models of themselves within their mental models of their world.
At the present time, we are witnessing the growing Grand Canyon Chasms between progress in physical sciences, without any matching progress in political science. Therefore, within the life time of those alive today, there have developed globalized systems of electronic monkey money frauds, backed by the threat of force from apes with atomic bombs ... IF we are going to survive that, then there must be sufficient series of intellectual scientific revolutions in the basic perceptual paradigms through which we comprehend political science, which apply to the combined money/murder systems, so that perceiving those differently enables us to eventually operate those differently.
While it is theoretically possible to do that, the number of people that want to is vanishingly small at the present time. Prodigious progress in physical sciences has been achieved by understanding general energy systems better, by going through a series of profound paradigm shifts in physical sciences. However, so far, nothing remotely close to being like that has yet happened in political science. I have hinted at what that would take in my comment above. However, I expect that to continue to be mostly ignored by the mainstream morons and reactionary revolutionaries, who want their "solutions" to continue to be expressed through the DUALITIES of false fundamental dichotomies, and the related impossible ideals, rather than through the UNITARY MECHANISMS of changing the dynamic equilibria between the different systems of organized lies operating robberies.
To save capitalism from the runaway fraudulent "capitalism" that is developing more and more blatantly before us, would take better understanding of real "capitalism" as entropic pumping of energy flows. While that is theoretically necessary, the vast majority of people, inside both the established systems of organized crime, and their controlled opposition groups, would have to go through (R)evolution in the ways that they think!
I would not hold my breath while waiting for that to happen. Rather, I would expect the established monetary and taxation systems to continue to become more criminally insane, and so, their runaway debt insanities to provoke death insanities ... Meanwhile, I would endeavour to hold on to the irrational hopes that those events may force enough people to being to think in sufficiently different ways about those events, that there might emerge more genuine, revolutionary, resolutions of those problems?
always a pleasure to read your thoughts RM.
one would be depressed if (s)he remained a pessimist.
we (ir)rational optimists need to keep at it ;-)
You're not alone.
Wink wink.
Thanks, trader1.
P.S.
It was strange that the full Ted Talk video embedded above did not load for me before, but it does now?
Anyway, I finally had a chance to listen, which confirmed what I already replied above, and motivated me to repeat this quote, which demonstrates the degree to which it is RIDICULOUSLY ABSURD to assert that there is anything left in the American political economy which is still "free market capitalism:"
http://www.conspiracyarchive.com/NWO/silent_weapons_quiet_wars.htm
Silent Weapons for Quiet Wars
"Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping. ... In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. ... if balanced in no other way, will be balanced by the negation of population (war, genocide)... They must eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor ... War is therefore the balancing of the system by killing the true creditors (the public ...)"
Allowing privately controlled banks to create the public "money" supply out of nothing as debts, which can disappear back to nothing, when those debts disappear, transforms that "money" into NEGATIVE CAPITAL, which is like ANTI-CAPITALISM, which annihilated "CAPITALISM." Private banks being legally allowed to make the public "money" out of nothing is allowing "capital" to be made out of nothing. The price of everything becomes rigged when the price of "money" is rigged to the degree that it can be made out of nothing, as government enforced bankster frauds. After one follows that "money" to its SOURCE, it becomes clear than "free market capitalism" in the USA has been dead for at least a Century.
Asking the American people their opinions will mostly reveal that they are incompetent political idiots, that have been brainwashed to believe in bullshit. Therefore, the Public Relations gestures suggested in that video above are exercises in useless futility, other than to provide for more devious PR to misrepresent the social situation! Paul Tudor Jones' statements are light years away from talking about the important reasons how and why social polarization has become so extreme in the USA, to the degree to which that appears to be irreconcilable.
NO CHARITY IS ENOUGH TO DEAL WITH THE SOCIAL FACTS THAT THE GOVERNMENT OF THE USA HAS BEEN CAPTURED BY THE BEST ORGANIZED GANGS OF CRIMINALS, THROUGH THE VICIOUS SPIRALS OF CORPORATOCRACY CREATING A RUNAWAY FASCIST PLUTOCRACY JUGGERNAUT, WHICH IS HEADING TOWARD TURNING THE MAJORITY OF AMERICANS INTO ITS ROAD KILL.
The political situation in North America is that the vast majority of the People have become Zombie Sheeple, who were being fleeced to exhaustion, while they were being set up to be slaughtered, because the government of the USA (as well as other countries) had become the biggest form of organized crime, controlled by the biggest gangsters, the banksters, and the corporations that grew up around those banksters.
By and large, it is IMPOSSIBLE to get enough Americans to want to understand that, because there is almost nothing but organized crime, surrounded by controlled opposition. Furthermore, it would NOT be good enough to superficially face the social facts that the American public "money" supply has become runaway criminal insanities, automatically getting worse, faster, for more than a Century. Given that those are ALREADY the social facts, that there ALREADY is a debt insanity situation, headed towards provoking death insanities, the silly "solutions" promoted in that video above may as well be fictional stories taking place on some imaginary planet.
My reply above was about how and why:
"Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science."
BUT, BUT, BUT "the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping."
The American political economy operates through fundamentally fraudulent financial accounting systems. The banksters have become the "bookkeepers," that were able to keep the public ignorant of "the methodology of the bookkeeping."
I have discovered, and demonstrated, from working on these problems for several decades, that the vast majority of people in North America are abysmally ignorant about the "bookkeeping" operated through the monetary and taxation systems, and they have been conditioned to want to stay that way. Therefore, the established social pyramid systems have become terminally sick and insane. The existing "bookkeeping" is ALREADY almost inconceivably crazy and corrupt, as well as has a structure which drives it to automatically get worse, faster.
Since money is ACTUALLY measurement backed by murder, because the debt controls depend upon the death controls, what the international banksters have ACTUALLY prepared to do is impose democidal martial law upon the American people. The only observable plans that the international oligarchs have for America are arranging to "eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor ... War is therefore the balancing of the system by killing the true creditors (the public ...)"
I REPEAT my main points above, which are that there are no other genuinely better resolutions to the real problems than to develop better death control systems, and those will necessarily manifest through the development of runaway death insanities in the foreseeable future. The established systems of debt slavery, backed by wars based on deceits, have ALREADY driven the development of debt insanities. There are NO genuine solutions to be found for those problems within the established systems ... The established systems are set up to respond to their debt insanity problems by provoking death insanities. Therefore, the ONLY realistic responses to those real problems are to PERHAPS be able to channel the on-coming death insanities to become some better death control systems.
OF COURSE, SUCH RADICAL TRUTHS WOULD PROBABLY NEVER BE PRESENTED AT ANY "TED TALK," AND SO, WOULD NEVER RECEIVE A STANDING OVATION FROM THAT KIND OF AUDIENCE ...
Given those kinds of currently existing social facts, I continue to attempt to hold on to some transcendental hope, in order to maintain my own forms of irrational hopes for the future ... Energy will be conserved is the INFINITE transcendental hope, while enough human beings understanding energy systems better, so that there could be greater use of information and higher consciousness to resolve political problems, are the FINITE irrational hopes.
If the US government could just roll out a food stamps but for stocks there would be no problem.
Everyone gets a little card in which to buy their favriote ETF's or stocks. It's a no brainer. Everyone is backstopped by the Fed so the only conclussion is that everyone becomes a millionaire.
Thought this was an article about John Paul Jones.
This is a hot topic now and he's playing into it.
If he can use Just Capital to hold politicians and corps accountable, that woudl work.
But he needs to get over the hurdle of people not wanting to take him seriously becuase they are only seeing black and white, both literally and figuratively.
However, time continues to be the strongest mechanism to suspend disbelief.
PS. I didn't watch this, but did he talk about sexism, specifically about how women become marginal traders after the pop a few puppies out? I don't think so.
Hopefully the serfs aren't misdirected by the "race baiting" and "income inequality" distractions from their MSM outlets, and band together working for the betterment of society, as a whole.
The PTB will use divide and conquer tactics to distract and obfuscate attention away from the real issues as society deteriorates.
War is coming, no way around it.From a legal definition perspective it is the totality of circumstances - ie, there is no other outcome given everything going on. The run up of metals, industry, energy, etc. are all an effort by nations to come out the other side not completely devestated as was the result of WWII. The system is enginered in a way that the 99.9% will never win the game. The shit storm is already here, the second act will be shortly opening.
Come join us for free at www.gunsgrubandgold.com
Classifieds, charts, survival books, links, etc.
He can't be doing to well at his day job when he decides to do the Tony Robbins thing and tells everyone how they should live.
The first order of business would be to reduce the size and scope of the Fed and state governments at all levels as they produce squat, just take.
Did you know there are so many Federal Laws and Regulations no one has been able to count them all? Last time I checked, there were more than you could fit in letter sized paper in the bed of a half ton truck, yet ignorance of the law is no excuse?
Ladies and gentelmen, that isn't even close to common sense or reasonable. Some citizens love to be controlled and like this, but the vast majority would like more freedom in their lives, freedom to earn enough to support a family which lives in a home.
In the event that the constitution is actually being enforced, which we all know that it is not always so, ignorance of the law is an excuse, but they don't call it ignorance of the law. They call it "unconstitutionally vague." Problem is, you have to put yourself in the crosshairs before you can do something about one or a few of those stupidly complex laws that you mention and risk that they don't enforce the constitution.
"And income inequality is closely linked to lower life expectancy, literacy and math proficiency, infant mortality, homicides, imprisonment, teenage births, trust among ourselves, obesity, and, finally, social mobility."
And global warming, cancer, death, and homosexuality.
The only problem with capitalism is that the current crop of corporate leaders are some of the greediest, no morals pieces of shit in history...
Corporate leaders are not Capitalists, they are employees who worked their way to the top job.
A capitalist is someone who starts a company and takes a risk. Golden parachutes are not risks.
The guy who started MacDonalds is a capitalist, not the fellow eho came after him.
Walt Disney put it on the line, he was a capitalist, not the employees who ran the show after he died.
Corporate workers are indirect employees of the FED.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
So war it is. And taxes. And bail-ins. Undeclared martial law, also.
So WTF has our president been doing the last 6 years to help the little people? The fact that they can't figure it out amazes me...dumb fuckers vote in the very people who make their lives worse.
s/Or/And/g
The best way to be safe is not to let anybody know you have anything and live somewhere on the bottom of the ocean that is not over an oil reserve.
"Capitalism has to be based on justness"
No. Capitalism has to be based on capital.
I'll just sit this one out if you don't mind. Gonna hang the "gone fishin' sign up. If you do decide to stop by, bring bait, beer, sketchy wimmenz or just centerpunch my forehead with a .308
mmmmkkkkaaayyyy?
If you are into drones check out this site : http://pickyourdrone.com/
If you can get the price a bit lower I see a great future for these at the skeet range
So WTF has our president been doing the last 6 years to help the little people? The fact that they can't figure it out amazes me...dumb fuckers vote in the very people who make their lives worse. I, for one, would just like to see laws enforced as they were written, applied equally to all.
He's done two things: jack and shit.
And Jack mysteriously disappeared just before a planned interview with a frequent ZH contributor about Barry's bathhouse shenanigans.
The millions of people who have gone on disability are living far better than they were before. Most of them were struggling while working, making maybe $30k a year and had to pay full price for everything.
Now they get close to $50k a year for doing nothing, can park in any handicapped spot, get discounted utility bills, don't have to worry about paying for healthcare, and can even get a decent amount of food for free. The other best part is they don't pay tax on their benefits.
That is what our president has been doing. Discouraging work as much as he can. Unless you make over $80k a year you are far better going on disability.
I'm all for big corporations playing nicer, but how about we address the lack of economic opportunities outside the corporate suites to close the wealth gap without the collectivism. Like try a little free market capitalism to address:
http://www.usfunds.com/media/images/investor-alert/_2015/2015-02-06/COMM...
https://skylerlehto.files.wordpress.com/2013/08/participation-rate-25-54...
http://4.bp.blogspot.com/-Sf9iVEkYCVc/VM1FqtgDfQI/AAAAAAAAiJw/uRplbdS7jX...
http://s3.amazonaws.com/dk-production/images/47111/large/household-incom...
Any fool can see that this idea would manifest politically as a plea for minimum distribution percentages among businesses. The result would be the same as any setting of prices -- destructive. Egalitarianism is a false idol.
I'm sick of the 1% meme too but you can't use any number lower than 1% because most of the population doesn't comprehend fractions or decimals. "I am the 99.98%" is three numbers and two decimal places too many for the average 'murkan.
Why not all three, and then some?
A sort of entertainment for the 1% to watch the 99% fight and kill each other while collecting the profits.
When God Damn It! WHEEEEEEN????? The sun's going to burn out some day too ya know.
Actually, it will supernova first and take all forms of god with it.
:)
I take the first choice. Its the one that will effect more change.
This guy is another in a long line of TED types who want to redistribute wealth because someone was smarter in how they used their time and money. Screw him. I say, let the rich stay rich and if you want to be rich, get off your rear and learn how the rich did it. Stop sitting around and complaining and whining and hoping someone will come along and give you the fruits of others' hard work. Just because someone is rich doesn't mean they're bad or wrong or evil or owe you anything.
Want to get rich? Set your goals, develop a plan of action, identify the people, places, and things you need to succeed along the way, take the first step, be prepared to adjust when things don't work out exactly, and don't ever give up.
Want to get rich? Really simple - CHOOSE THE RIGHT PARENTS.
That's all.
Being "Rich" might be the be-all of the American mindset, but there are other, far more rewarding ways of living a useful life . . . . .
I still think there will be some sort of military coup in the US within 10 years, maybe even 5. Probably bloodless, the military will turn up one day in Washington at 5am and that will be it.
Looks like a winner to me, take out the trash in Washington, re-evaluate what the country is really about and where it wants to go, then have new elections in 2-4 years.
Be careful what you wish for;
http://www.wnd.com/2013/10/top-generals-obama-is-purging-the-military/
http://www.frontpagemag.com/2013/dgreenfield/obamas-war-on-american-gene...
http://america-wake-up.com/2013/11/03/why-has-obama-fired-197-us-senior-...
BHO is stacking the military, the coup will likely happen AFTER his exit. In which case, the NWO marches on.
Had to get to page three of comments befor any mention of NWO, which is what this is all about. A big ole thread with little mention of the NWO? Turn out the lights Alice. Singularity be here.
Yeah, I'm sure our masters will get right on that. Justness? For them, justice is whatever your bank account and access to weapons of mass destruction will let you get away with. Morality is for fools and slaves.
Higher taxes? That's what second passports are for.
Your revolution won't get far, not if it's for real. Who do you think all those nukes are for? Someone who can shoot back? If the banksters are forced to cash out, they will take us with them.
That leaves war, which is precisely what we're looking at.
The class war is in full swing. Unfortunately for Marx, not only are the capitalists winning, but their goal is total victory. The people who do all the work will be kept around only for as long as it takes to develop robots able to do anything proles can do and do it better---the Singularity. Then we'll be polished off completely. The Marxists will get the classless society they thought they wanted, and will soon wish they only had to choke on it. The first act of the robotic New Socialist Men will be to exterminate them.
You know, this is why things have gotten as bad as they have. The good guys don't understand that the bad guys only care about winning (and getting the wherewithal to do so), not fair play. That's why the bad guys are winning.
The good guys want to get into heaven.
The bad guys won't think twice about sending them there.
will end in Revolution, Taxes and War
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Bail-Outs are Corruption -
---------------------------
All bailouts benefit the corporations that were bad Capitalists.
Kapitalismus Totet oder Toten.
Capitalism where Corporations and Banks are Protected is probably an old Europe thing that just came to the USA in 2009. But it is not Capitalism.
It is Fascism, Inverted Totalitarianism, or Corporate Socialism.
Bailouts are for the Elites. Start a business you are a target of the Banks and Wall Street. You don't get a Bailout.
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Bail-Outs are Corruption -
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until the marginal utility of spending $1.00 on buying a politician for profit goes below $1.00 plus a margin for risk, the game will continue until the dollar is spent to avoid the effect of labor / people who will murder and plunder to stay alive
democracy is over - only ahead is Neo Fascism
Bribe & Blackmail gets the job done now days. Elected politicians are ignorant cowards, but half as ignorant & cowardly as the electors. Most politicians are in on the game and play the electorate like a harp. The electorate are happily brainwashed by media and will fight you if you try to wake them up.
Corporate revenue is foreign market channel stuffed bullshit. It doesn't really exist. That is the real reason the dollar can't strengthen. A stronger dollar reduces the accounting fudge on foreign "revenue".
It is all fucking bullshit.
Zerohedge is now recylcing my commentary.
And no worries guys, no revolution, no wars.
Pentagon is on its way to fix the problems
you are a legend in your own mind......
Bullshit, fuck off you banking troll.
He's an Air~ Conditioning repairman. ;-)
Something dishonorable in that? It's not like he's a Wall Street whore or something equally nefarious.
Ask EKM what it means... ;-D
Revolution, taxation, or War.
no market forces involved, I guess because there are no markets anymore.
Taxes are not an end solution. They just delay the inevitability of war by moving assetrs from one group to another. Revolution is just a war with a limited georgaphy or political objective. The only inevitable final solution folks .....is war.
"just" capitalism = charging whatever the market will bear. Nothing more, nothing less. From this the most efficient means of production and distrubution are found and the market receives instant feedback for future transactions. What could be more just than that?
-- LR
It seems like the best-case scenario for the USA is a Soviet-style economic implosion, while the worst case is nuclear war. Hard to know which to bet on but if the Soviets were able to avoid it maybe we have a chance.
Actually, in the very long run, our best case scenario is the Singularity, where humans manage to invent a robot that can do anything they can and do it better---and then the robots will exterminate us.
While they won't exactly mourn us, they will remember us after a fashion---it's the base of scientific knowledge accumulated by humans that they'll use to conquer the galaxy.
Problem is, given our utter failure to contact other civilizations or decipher any such communications by the others, it's far more likely we'll destroy ourselves before getting to that point. My money (for all it'll be worth afterwards) is on human extinction due to uncontrolled use of WMDs, nuclear or biological, whether accidental or intentional won't matter in the end.
Maybe it's just as well. The alien robot settlers (and they would have been robots, because only robots are really suited for deep space exploration) would have destroyed us not long after arriving on Earth. We'd get in the way of resource extraction, and, bad pop songs aside, will make horrible pets. Perhaps putting a time limit on the dominion of any intelligent lifeform is God's way of protecting his children from each other's folly, pride and avarice. His ways are not our ways, or the ways of any of His other creations.
But who knows! Maybe our robot children really will be the first to escape their cradle. So there is hope. Just not for us.
I’m disturbed that the threats of taxes and war or revolution will be met by an annual survey. So, the respondents say a corporation with justice is a corporation that makes environmentally friendly products; or a just corporation is one that practices social awareness such as Starbucks’ newest forays into the race concept and same-sex marriage; or a just corporation is one that scores high according to its number of women or minority employees….?
My concept of justice would deal with the gross tyranny of corporations such as Goldman Sachs’ incestuous relationship with the Federal Reserve, the unbelievable corruption that is created when corporations such as Microsoft and Google become actual partners with government in order to override the freedom of Americans and the free market…
And where on the scale will the respondents rate the most significant injustice ever done to this nation by the corporations' use of illegal immigration to displace American workers and swell the political base for endless expansion of welfare and government?
As James Picerno, associate editor of Stanger’s Investment Advisor, explains: “A good deal of the country’s monetary and credit ills can be traced back to the creation of the Federal Reserve System just before World War I.”
When the private market stumbles, it is typically “corrected by assessing penalties to the offending parties. In contrast, government-induced improprieties in monetary affairs are rarely corrected. Instead, such statist errors are allowed to multiply, primarily because responsibility is diluted and pawned off onto millions of unwilling taxpayers who have no culpability, and no avenue for redress of grievances against the autonomous Fed.”
It doesn't take a survey to recognize that if the Fed is not shut down war and taxes will not be enough to salvage the system; it will take revolution.
That's an interesting situation J.R. I haven't been in a Starbucks for 5-8 years. I'm sure they offer a decent product, but I think it's a bit pricey.
I don't drink coffee, but love herbal teas.
What happens when the cheap(imported) labor turns on the management?
Production goes down, morale goes down and chaos goes up. "It not good." But thank God the U.S. economy is in “recovery” … with just 44% of U.S. adults working full-time, and “full-time” work no longer meaning 40 hours a week but 30 hours or more a week. Which means, 56% of U.S. employees now work less than 30 hours a week. Which is pretty shabby for a "superpower" work force, if you ask me.
And even at that, Jim Clifton, Gallup’s CEO, says the government's employment figures are a lie.
I guess the truth is, Yen, you can’t build an economy with paper. You can make paper airplanes, you can make paper dolls, but you can’t make a paper economy. Poor Janet.
By the way, Yen, I don’t drink coffee either; it’s tea, too, for me.
Good for you J.R. Coffee isn't all it's cracked up to be.
JR - The revolution is already occuring here in the US. ZH posted the drop in productivity the last two years. Corporations will be nicer as they lose more customers.
The only real way to stop Fascism is to let it break itself and then during a small window make it so expensive to bribe the politicians that corporatikns go a different route. Eventually those kinds of brakes will fail too but it might give a couple of generations a decent life. Secondarily, banking should become a public utility. Again, won't happen until a lot more bad shit happens first. We are a reactionary species and learn far more by pain in evolution than recalling and applying history in how to avoid it. Bummer dude...
Predators grow with excess and shrink back when the meals go elsewhere.
Capital can neither be just or unjust.
How it is created and used is another matter. It is unjust to create money out of thin air and distribute it to banks. It is unjust to print money and devalue the meager savings of the poor, while blowing asset bubbles that benefit the rich.
The above are not that capital is unjust, but that central banks and fiat currency (in which capital is valued) are operating in an unjust fashion.
End the Fed. Stop the gravy train to the already rich, and let capital flow to where it is truly productive, not where it can front run future injections.
An apt description.
Capitalism involves the private ownership of the means of production: it does not mean stealing the means of production by private use of a government-sanctioned printing press.
Here is a vignette by a blogger back in 2010 that describes America’s dilemma; her banker-controlled economy:
____________________________________________
How many times can we recycle this same tired story?
The show is over. There will be no curtain call. The piper has demanded payment. But I read the story line a little differently: it wasn’t about free markets, imo, it was more akin gangsterism. As one reviewer put it:
What is with this tendency to have Goldman Sachs alumni in all sectors of decision making? Robert Rubin, Henry Paulson, Tim Geithner! These apparatchiks are akin to the nomenclatura of the communist party. They are spread throughout our society to be the keepers of the faith. They are the heads of the economic inquisition. Any HERETIC will pay the price! In 1998, Brooksley Born who had been appointed the head of the Commodities Futures Trading Commission had the HERETICAL CONCEPT PERCEPTION that the (OTC) OVER THE COUNTER DERIVATIVES HAD TO BE SUPERVISED.
The Rubin-Goldman Mafia ran her out of town, and here we are with a FRANKENSTEIN OF OVER THE COUNTER DERIVATIVES THAT ARE MORE DESTRUCTIVE THAN THE SUBPRIME DEBT TRIGGER THAT CREATED THE CASCADE OF TIGHTLY COUPLED FINANCIAL INSTRUMENTS INTO A CREDIT FREEZE. When you make heretics pay the price of telling the truth to power, your
society has no place but down. In a democracy, there can be no heresy! All ideas must be tested and falsified and adopted if truly functional. THIS IS INHERENT IN EVOLUTIONARY ADAPTATION.
"It doesn't matter whether a cat is black or white, can it hunt mice". We as a society decided that only greedy cats who ate our steaks and left us the mice to eat were going to run the financial system.
Are we morons? Even worse, we now want these greedy cats to literally eat our flesh and leave us as a skeleton country in total debt. The mice are the derivatives that are totally separate from the subprime mortgage crisis. The greedy cats will eat the flesh and the mice will eat the bones.
EITHER THE GOVERNMENT TAKES CONTROL FROM THE GREEDY CATS, and resets the system to be regulated, or we will fail. We will fail for the same reasons the communists failed. They were inefficient apparatchiks who ran the system for their purposes and subjugated the people with totalitarian ideas. The financial elite is the same! They just use more subtle and stealthy methods developed in Madison Avenue. They manufacture consent and root out the heretics.
Yes, that was worthwhile repeating, JR!
Stop involuntary capital flows.
There has always been the 1% and then everyone else. Today the ratio is magnified due to technology and the ability to show what the 1% owns and is willing to buy. Actually wealth is probably in greater hands than ever before but because we love to emphasize inequality, it seems like a new revelation.
Taxes to fund bankrupt and corrupt government will lead to revolution which will be war.
It's not just about how big your house is, but also how big your neighbors' houses are.
"This gap between the 1% and the rest of America" is perfectly and completely in line with the historical norm of all agricultural societies period. Everyone who continues to take the utterly incredible exception of the 20th century as a baseline rather than a picture of the greatest 6-standard-deviations move in human socioeconomic configurations is a FOOL - it is like expecting one person to hit the two greatest lottery jackpots of all time AND having the idiocy/nerve to be upset when said expectation is dashed.
What these morons do not understand is that income and net worth inequality are not problems to be solved. They are natural consequences of random processes. Do these braindead fucks not understand that it took half of all the crude oil and most of all the coal generated by this planet over the course of 4 BILLION years to eliminate chattel slavery and compress the inequality spread to Leave It To Beaver 1950s America levels - and this only in the select few luckiest societies on Earth - which is still nothing even remotely approaching conditions of true egalitarian socialism let alone post-state communism. All the usable hydrocarbons this planet will ever produce would not be enough to accomplish what these people truly believe should be possible at no cost if we just want it badly enough. Truly. Un. Fucking. Believable.
To add to this.
"Democracy" as we currently define it, has existed for roughly 200 -250 years in all of "recent ( 4000years) recorded" history. The Norm is some variation of the Lords and Serfs/Slaves theme. The one innovation that propelled "democracy" is mechanization. All the way from farming to basic household drudgery.
Yes but some still "employ help" to run the vaccum and stuff the washer/drier.
Damn, what historic times we live in....
The people who started this country gave you a manual.
You threw it out the window.
Not sure you want to go there my friend. George Washington called up troops to collect .
People are confusing wealth and standard of living. In the 1980's the average CEO made approx. 40X what the average employee in his corporation made. That number now exceeds 200X. That would be a good place to apply a bit of justice. Is Jamie Thieving Scum Diamond worth his pay? Or Blankenfuck? Not hardly. They should be making whatever the pay is for stamping out license plates in the pen.
Oxymoron of the day: Corporate responsibility.
Ted... Good presentations and very well done but it’s all such a brainwashing mumbo jumbo...
fair... just...
that’s advertising for communisme and we qll know how that ended out.
So now they’re pitching communisme and calling it the new capitalisme.
There’s no fair and just when people are involved. It’s competition and dog eat dog that made us evovle and be better then the rest.
And if somebody has something you want or need, you take it.
Don’t like it? Smoke weed and move on because it’s the world we live in.
Fair and just is just to keep the sheeps dreaming. And it only works if you live 600 miles from the big cities and where everybody is family because of inbreeding anyway.
It's not that difficult really:
1) Do everything you promise you will do
2) Do not encroach on the person or property of someone else.
3) Treat others as you wish to be treated - i.e. don't do something to another person (or company) you wouldn't want done to you.
Those three simple rules would eliminate the need for about 99% of the other bullshit laws that pollute our lives. A corporation that used those as their guiding principles would be very "just".
Well isn't this just what we need - another Self-Appointed Dickhead deciding what is "Just"! The REAL FREE MARKET is "Just" in that it involves the VOLUNTARY exchange of Goods and Services between individuals. Anything else is COERCION. Whether it is done by the US Government or Paul Tudor Jones is irrelevant!!
Loved these comments by Yardeni. http://www.zerohedge.com/news/2015-03-19/even-ed-yardeni-admits-not-inve...
Not sure I agree with all his conclusions, but this quote is spot on:
"This is not investing," exclaims Ed Yardeni in this brief clip, "it is all about central bankers... these markets are all rigged."
For all the talk re the haves and have nots in the US, there's scant little re between the US and the rest of the world. I remember in the depths of the crisis seeing countless books and articles advising investors to dump dollars and put all their money in euros. Flash forward to the present, and it's pretty obvious from the way oil prices and the dollar index are acting that the US is more than happy to throw the rest of the world under the bus.
The clash between the yen, euro and stocks, oil and the dollar yesterday was a rare opportunity to witness so clearly the blatant manipulation going on behind the scenes. None of it makes much sense until you consider central bankers' true objectives and -- given the corner they've painted themselves into -- their limited choices. All I know is that the Fed won't go down without a fight, even if it means sacrificing the ECB and BOJ.
Yep! They really do eat their own.
The race to the bottom via currency wars is going to end pretty soon.
The rubber's getting mighty thin on the tires.
Sure seems like it should. USDJPY recently hit the .618 Fib of the drop from 147 to 75 and has, essentially, gone nowhere. But, it's still been able to drive SPX to new highs with the mere threat of breaking out. It's hard to see what would keep the party going if the yen ever actually strengthened appreciably.
http://pebblewriter.com/update-on-usdjpy-mar-19-2015/
http://www.bizjournals.com/houston/blog/drilling-down/2015/03/houston-en...
File under, "Robust."
"Typically" means shit today. Historically, as far as most of us are concerned anyway, this ends in a festering orgy of ambivalence and do nothing apologist excuse making resulting in shoulder shrugging.
Revolution? When? Before or after iWatch goes on sale? Bitch fucking please. Sick and tired of hearing how fed up the American people are. Cowardly bitch ass trick motherfuckers aren't going to do a goddamn thing and they know it.
As long as their are table scraps (forget bread) and circuses, the show will go on.....
Dude, the American Revolution was started with only 10% of the people in favor. We are already beyond that point, and waiting for the right spark to light the fire. Who knows when or where it'll happen, but at the rate things are going downhill, I don't think it'll be too long. As for the military, they've been purged to hell and back, but still I'd lay good money down that most are still true Americans. When TSHTF, we won't be asking them to join us, it'll be the other way around, asking what we can do to help them.
>>>>
Nice job Tyler. You edited the exact quote to fit your pre-conceived headline.
first thing first - banks mustn't have profits or profits must have a roof. Banks didn't make a product, they are distribute wealth and optimise money flows. That's ALL.
banks=casino right now, they have profit with 1000%+.
We have a limited with resources planet so we can't grow unlimited so capitalism is doomed, because capitalism can't survive without growth.
Stop importing cheap labor.
And exporting our wealth engine, manufacturing. oooops too late. War is the product of Amerika now. We have flyboys in Newburgh NY Stewart ANG driving Mercedes. Murdering people and stealing their shit pays well. And you get to wear fancy clown suits with shiny metal and all the stupid sheeple wave flags at you and thank you for your service. Ahahahahaha, if only they knew that you SERVE the BANKS and you'll do ANY EVIL to serve them. Yea, murdering women and children is very proftable.
The free market is what regulates all businesses by competition, price discovery and profit/loss accounting.
What stops that happening ? The political means. It allows corruption, fraud, protection and cronyism to flourish. As long as we have a political system, then groups have the opportunity to utilise it for their benefit.
As long as Governments and states exist then so will a higher degree of equality. Don't expect corporate morality or ethics and don't expect any form of regulation to stop it.
The only alternative is to give up on the idea of having a state completely.
Kudos!
No political system is more monopolistic than Communism. It thrives on actual ownership of the economy. And the Big Bank domination of the American economy run by the international bankers operates in much the same way as Communism. Only regulations such as anti-trust measures instituted by a representative government can keep corruptive government from destroying the free market.
Establishment of the Federal Reserve System removed representative government in America and, today, America's economic system more closely resembles Communism than it does free enterprise capitalism.
It was a primary goal of the Fed at its inception to eliminate competition for its members and rid America of her anti-trust laws. For it was these anti-trust laws that restrained the development of monopoly in America and allowed creation of the American dream. If Americans do not consider it worth their while to fight for freedom and for free enterprise then the tyrants will choose monopoly and, ultimately, Communism, for them.
Here’s Dr. Fred Schwartz on the topic from his 1962 book, You Can Trust the Communists (to be Communists):
“Perhaps the most devastating repudiation of the Marxist doctrine was the development of people’s Capitalism within the United States… The Marxist analysis ignored the role of government and legislation in relation to the economy. The anti-trust laws restrained the development of monopoly within the American economy. Whatever the individual viewpoint of the role of government in economic affair, it is a factor which cannot be ignored….
“Because the Communist Party had a monopoly ownership of the entire Russian economic product, it could use the economic product at its will. Because of their monopoly ownership, the Communists could decide how much the individual Russian could have, and how much of the total product would be retained to be used in economic warfare…
“Monopoly has a tremendous advantage in competition with small industry. Unprotected by law, no small concern with only a few employees can stand against any of the great national corporations. Were it not for the protection afforded by antitrust laws, a big chain store could very easily put out of operation the little grocer on the corner. All the chain store would need to do would be to open up a market nearby. Since this market would be only one of hundreds owned by them they would not need to make a profit. They could undersell on every line. Their little competitor, however, has limited financial resources. He has to make a profit to pay his debts and to carry on his business. The time he can compete is limited. In time his resources are exhausted and he is forced to close down.”
Make no mistake, the Federal Reserve System and its multinational entities, in their quest for total global control, are doing a similar thing on a world scale.
Just as soon as I make a few billion shorting the next collapse, I'm gonna become a philanthropist too. I promise...
Excuse me but let's just bet this guy was robbing and stealing with all the rest and then found Jesus. Is he giving any of it back? Or is he giving back to those he stole from and ruined? No, he's fining himself the same way JPM steals Trillions and pays 3 million in fines. Same thing, but he's trying to look as though he's repented. Ha. Talk is CHEAP!!!
Have a little faith, Crapgame. Not everyone is a lost cause. Time will tell.
I have proof the end is near. When I was in town today I overhead an old-timer standing in line talking about the Obama and the economy. Then he brought up the 4 blood moons and how that 's never happend before(not sure if he really thinks that or just threw it in for good measure) and closed the conversation with the topic of the local corner pharmacy and ice cream parlor closing it's doors after decades in business.
Thinking back, I should've given this poor old chap the zerohedge website lmao. I could only imagine the convoluted stories that would spew from his mouth after a few months with us lmao. Kinda reminded me of how my father was. Please don't talk in public.
We should chip in and get him a laptop with wi-fi. Set up his home page to ZH. I'd love to have him on board.
Four blood moons isn't any crazier than some of the bilge spewed forth by some of the more, er...esoterically minded members here at ZH.
Replace all income tax with a flat tax with only exemptions being food bought at a grocery store.
Banks must be separated from investment firms.
All imports subject to an import tax based on country of origin wage table.
Firm balanced budget amendment.
Chance of any of these being implemented, zero, zilch, nada.
Flat Tax is the STUPIDEST THING I HAVE EVER HEARD OF! Please explain to us the rate Warren Buffet would pay? How about a trading tax...so the stock and bond markeet become investing instead of a casino? How about capital gain taxes....yearly or index to yearly. How about an asset tax with no stupid wwriteoff and loopholes. I filed an income tax in the Uk...no charity, no mortgage, no loopholes...20% or 40% straightup! You do get a pension and some goodie...and the pretty bad healthcare....which is what you deserve for free. No state tax and a tiny property tax. Though they do a have a giant offshore loophole. We need to caputre growing capital gains which now are sheltered for decades in elborate scheme.
How about we repeal the 16th amendment and nix fiat currency? Take any tax system that you can conjure up, and there will be somebody who gets treated unfairly by it. That is the nature of taxes.
Does anyone here think we'll ever hear something like this from Blankfein, Dimon, or Corzine?
Feeding empty bellies of poor russians using shovels
https://youtu.be/HGBSNinZNxk
Anything about captured regulatory agencies; about corporape purchase of Gimmemint? Corporape Citizens United against sitizens collected (in the oddience)?
Thought so.
What a perfect misdirection's screed. The attending ovators think this is great; their fawning acceptance of his framing of the issues. Hey, but we all feel good to be invited here!
One of the biggest scumbags in the market, may the revolution come to his front door
Gimme shelter!
Funny how war is seen as the 'solution'. LOL. What a fucked up species we are, to conclude our solution is destroying the planet.
Have you ever noticed other places are going the way of Greece, including the US, they are just lagging? Look at millenials in the US for example. No jobs, sitting at home smoking weed and playing video games. Damn, almost jealous. LMAO. Joking aside, pretty damn pathetic.
"The kids today just don't understand the value of a dollar."
Or, wait a minute. Maybe they do...
They sure like to chew
But they don't want to swaller.
Something wrong with the kids these days.
Ok, so to protect myself and my wealth, I am going to dump everything into my 401K because my money is safe there.
Over the millennia the elite have always been overthrown by various means, usually by violence. Sometimes from internal forces; sometimes by external forces.
The problem we have today is that the ruling elite know they have always been overthrown and are getting ready to prevent it from happening this time.
They're going to use (they think) technology to watch the 99% and to eliminate the trouble-makers, natural leaders, truth-tellers and prophets. These will be incarcerated, indoctrinated, bribed, murdered, etc..
They are going to use whatever means they can to eliminate the "useless mouths", by indoctrination, vaccinations, withholding health care, supplying them with illegal drugs, police executions, etc..
Slow deterioration of the health of the average citizen by poisons, GMOs, pesticides in the food, empty calories in over processed food, pushing the use of unnecessary drugs and vaccinations, legalization of formerly illegal drugs, lowering the legal age for alcohol consumption, etc.. By these means people will slowly self-destruct.
Pushing the ideas of abortion, assisted suicide, euthanasia, etc..
They will not succeed, because while they are doing all these things, and more, they're literally poisoning the planet. So, in the end, they're just shitting in their own drinking water!
Killing the Middle Class is such a an easy thing for numb skulls.
Killing the Pensions and Retirements of the Middle Class of the USA is a Neoliberal, Chicago boys, Fascist style, suppression of the people chosen as losers not winners.
Sort of like the Businesses that set up outside of US Military Bases to sell Cars, Give Loans, help with furniture, and make debt slaves of the US Military.
Vulture Capitalist, Right?
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Bail-Outs are Corruption -
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All bailouts benefit the corporations that were bad Capitalists (or Vulture Capitalists).
Kapitalismus Totet oder Toten.
Capitalism where Corporations and Banks are Protected is probably an old Europe thing that just came to the USA in 2009. But it is not Capitalism.
It is Fascism, Inverted Totalitarianism, or Corporate Socialism.
Bailouts are for the Elites. Start a business you are a target of the Banks and Wall Street. You don't get a Bailout.
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Bail-Outs are Corruption -
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Weekly and hourly earnings data from the Current Population Survey
Series Id: LEU0252881600
Series title: (unadj)- Constant (1982-84) dollar adjusted to CPI-U- Median usual weekly earnings, Employed full time, Wage and salary workers
Year Qtr1 Qtr2 Qtr3 Qtr4 Annual
1979 339 334 325 328 332
1980 324 314 315 317 318
1981 317 311 304 314 312
2012 337 335 329 336 335
2013 334 333 330 337 333
2014 339 328 332
Constant Dollars, Weekly Earning same in 1979 as 2014.
---------------------------
Bail-Outs are Corruption -
---------------------------
All bailouts benefit the corporations that were bad Capitalists.
Kapitalismus Totet oder Toten.
Capitalism where Corporations and Banks are Protected is probably an old Europe thing that just came to the USA in 2009. But it is not Capitalism.
It is Fascism, Inverted Totalitarianism, or Corporate Socialism.
Bailouts are for the Elites. Start a business you are a target of the Banks and Wall Street. You don't get a Bailout.
---------------------------
Bail-Outs are Corruption -
---------------------------
What is it Repubicans say, "bootstraps". heh
both parties are pretty much bought and paid for!
Kinder gentler capitalislm. Blah bllah blah "just corporations"......whoreshit. Beware little hipsters when the word "just" is used. He's just a prog wrapping his fish is paper and baking soda. I glad the ZH crowd saw right through that bs
I don't think the people here on ZH want war. I think some folks are just too stupid to know cynical sarcasm when they see it.
Abolishing the Federal Reserve and bringing back sound money would be a start Mr Jones! There can be no free market when politicians and bankers/corporations help each other out by creating fiat money at the general public's expense.
"Capitalism based on justice" ... WUT?
He forgets, or ignores the fact that human nature doesn't change.
There will always be , as one of my early boss's said, 'Sharks and Guppies, You're one or the other'.
There will always be those whom have "The Lean and Hungry Look".
Any system change ideas will Have to have that fact within its scope.
That fact has been here all along, It's even Commandment #10
(Covet)
isn't revolution, war?
Wish the Hippies won back in the day then we would have Love, Music, Peace, CANNABIS.
NO iphones needed!
NO IRA/401k/501c
No FED F**kers
The Hippies did win....
Then they turned into iCrapple lovin, IRA thumping, 501c lickin, wankin bankin gov-bots.