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With Wages Down 5% In 42 Years, Jamie Dimon Says Stop Complaining, At Least You Have An iPhone
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Another day, another data point proving what anyone with two functioning braincells already knows.
That for most citizens, the U.S. economy is a neo-feudal Banana Republic oligarch hellhole. The facts are indisputable at this point, and the trend goes back decades when it comes to the American male. All the way back to 1973, in fact, just two years after the U.S. defaulted on gold and the economy started its grotesque transformation into a Wall Street controlled, financialized gulag.
Just yesterday, I highlighted some very depressing data from the Census in the post:
Census Data Proves It – There Was No Economic Recovery Unless You Were Already Rich
Now we learn the following, from the Wall Street Journal:
The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year, the Census Bureau reported this week.
The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.
You read that right: The median male worker who was employed year-round and full time earned less in 2014 than a similarly situated worker earned four decades ago. And those are the ones who had jobs.
This one fact, tucked in Table A-4 of the Census Bureau’s annual report on income, is both a symptom of an economy that isn’t delivering for many ordinary Americans and at least one reason for the dissatisfaction, anger, and distrust that voters are displaying in the 2016 presidential campaign.
Now here’s a chart of the middle class death spiral:
On a related note, billionaire and CEO of “Too Big to Fail and Jail” JP Morgan, Jamie Dimon, decided to weigh in on income inequality earlier today. Here’s some of what he had to say courtesy of Yahoo.
JPMorgan CEO Jamie Dimon says it’s OK that chief executives get paid way more than their average employees — and that cutting down on executive compensation wouldn’t help eliminate income inequality.
“It is true that income inequality has kind of gotten worse,” Dimon said, but “you can take the compensation of every CEO in America and make it zero and it wouldn’t put a dent into it. What really matters is growth.”
How enlightened. Considering the U.S. has seen massive GDP growth since 1973, yet median wages for males haven’t budged, I wonder how growth is supposed to suddenly reverse the trend. Does he even think before speaking?
But he wasn’t done. Apparently, Mr. Dimon felt a need to double down on his remarkable disconnectedness with the following:
As for the middle class, Dimon reportedly said Thursday: “It’s not right to say we’re worse off … If you go back 20 years ago, cars were worse, the air was worse. People didn’t have iPhones.”
That’s what you get when you ask a billionaire executive from a taxpayer bailed out, unaccountable industry for his thoughts on income inequality.
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"I should be the one complaining - I am still working on my second billion" Dimon
Eat your GMO foods, drink your fluoridated water, watch football, eat toxic fast food, take your prescription drugs, and be thankful we allow you to live.
Jamie "Thats why I'm Richer than you" Dimon.
What a Putz....
putz
(n) a stupid, ignorant person; someone who doesn't pay attention to anything going on; one who makes stupid remarks
I feel like I gotta say it : "let them eat iPhones..."
I would like to personally feed them IPHONES from both ends.
What's his address and when is he home? I'd like to discuss this with him.
Jamie "I'm not a Jew but my wife and my kids are" Dimon?
100 years ago, righteous men in Georgia carried out the death sentence of a pervert named Leo Frank who was found guilty of murder of a little girl - and who was in the process of being carted off to "life imprisonment" after the corrupt governor commuted the court's sentence. That was vigilantiism in its most honorable form. An equal form of justice would be for honorable men today to apprehend and hang the bankster criminals wherever they are found. I know... I know... there wasn't a trial, verdict and sentence.... but we all KNOW unequivocally that men such as Dimon are guilty. Only when the masculine reasserts itself in our society will things begin to change.
Wasn't that the point/lesson of "Murder on the Orient Express?"
“It is true that income inequality has kind of gotten worse,” Dimon said, but “you can take the compensation of every CEO in America and make it zero and it wouldn’t put a dent into it. What really matters is growth.”
That's exactly true though. But not in the way he is trying to make people think. What is actually happening is that they are destroying far more wealth than they are stealing. It is true that if you taxed them at 100% you wouldn't stop the destruction--because they destroy more than they can loot. What actually needs to be done is to take away their influence and put them in prison. Fining them for more than they stole will help as well.
Taking more than everything they stole will leave them with no incentive to keep stealing.
The average American makes 50 grand a year? That's still damn good. I thought it would be much lower. I feel happier now.
This article is bullshit. It's the monetary system which has rigged everything. That whole Krugman "prices and wages are sticky" thing is nonsense. Maybe if there wasn't a constant policy of inflating away savings, these guys wouldn't have so much money thrown at them, which they invariably destroy some of through malinvestment. What choice does the average person have when they are all told that gold is a barbarous relic, other than to invest, or have their cash savings diluted?
I believe that median income figure includes all American workers, from the 1% on down. It's bit scewed to the top side when computed like that. It also only figures in those who are actually working. I would like to see the median earnings for all working age Americans, excluding the 1%.
I whole-heartedly agree.
"Let them eat banksters."
One can dream of a bankster human centipede.
Unfortunately for us, banksters dream of human Ogooglepedes.
Thankfully for us, that makes for that many more heads for guillotines to claim.
You breath toxic air, you eat garbage, you never going to own a house, you are poorer and less educated than your parents, you will work the whole life to enrich the aristocrats, but you
have *PORN* with you any time, any place! This is 21st century American citizen's life quality, the personal, portable *PORN*!
Porn has Moar meanings than one now. The voyeurism of other people's lives. It's almost like people live vicariously other people's lives or try so hard to be just like them like the Kardashians. Even though it's on TV it still qualifies as Porn to me because of they way it hooks people in. Modern TV is very risqué. And iPhone et al make it even more accessible.
Dimon is right we have the best Iphones since lehman
This is same guy who borrowed $25Billion of our tax money.
That guy is delusional, you get 5 years from a car and it turns to junk.
Only if you foolishly decide to drive it.
I'm certain if you buy it, you intend to drive it, no?
A Venn Diagram of "Driving a Tesla" and "Being on Fire" would advise me that, no, I would not want to drive some cars after I buy them.
Learned that lesson with the Ford Pinto.
NEVER AGAIN.
Still buying American, huh?
Never bought one American car, I did prove car technology peaked in germany in the early sixties though, no trouble though, my horse still goes 10 miles a day on hay.
Oh, you don't know how to ride a horse you say, well, your loss sucker.
Only 10 miles a day? That's a lazy horse.
Even if I have the $$, I will never own a new vehicle. I do not like how integrated everything is electronically. I do not like the fact that there are a lot of things that I cannot fix if they break, where as on an older vehicle, I can.
I drive a horse. He knows the way home from the bar.
Planned obsolence, it applies to human catttle too.
I my personal opinon cars got worse in 1971, which, interstingly enough was the year Nixon bailed on the gold standard. Sure, it's not connected, but maybe it is, in some indefinable, metaphysical way. Toyotas were good until 1985 or so...
Most car brands' quality peaked in the late 80's and early 90's. At that time, you could get fuel injection on a cast iron motor block. A motor that would last for 100's of thousands of miles. Some started ruining things by sticking aluminum heads on iron blocks in the mid 80's. The Japs were doing all aluminum motors first. CAFE standards were the excuse, but profits sure didn't get hurt. That's when chrome bumpers also disappeared so, every time you bump into something you have to buy another bumper. Debt slaves don't give a crap about quality anyway. Now, they say the new ones can be hacked. As if a Jeep wasn't bad enough already!
http://www.wired.com/2015/07/hackers-remotely-kill-jeep-highway/
BTW, that's the same way they've taken down several aircraft.
Look, we cannot simply let you cattle have more income, or more time off to do with what you want because idleness might give you time to think.
It's true that you should be able to support a family of 6 by working only 16 hours per week, with the massive gains in productivity over the last 200 years, but that will simply not be allowed.
High taxes, inflation taxes, fees, levies, manufactured bogeymen, trillions pissed away on bailouts and weapons that don't work to fight an enemy that does not, and will not exist.
It's hard work on our end, believe me, keeping you all properly afraid, and corralled.
Our system is nigh complete, and those that cannot be reeducated into "New Men" will be isolated, and dealt with. And your fellow cattle will assist and applaud. And we will preside over our New World, and it will be good.
Obama's Jobs program and Supported by Congress? Wow I actually found one. Must have been cancelled or something.
"Georgia Works"
Aug 23, 2011
A Jobs Program the White House, House Republicans Like
By Laura Meckler
The White House is working on an economic proposal that House Republicans… wait for it… also support. That may be a man-bites-dog story these days, given the intense partisanship and differing ideologies in Washington.
The Wall Street Journal reported Monday that as part of a larger jobs package, the White House is likely to propose some version of a program called Georgia Works, which allows people receiving unemployment benefits to receive eight weeks of training at private companies in what amounts to a tryout. The service is free to the companies, and offers a new connection to the workplace for jobless workers.
It turns out this program has also caught the eye of House Republicans. In 2009, House Republicans included the program in a letter to President Barack Obama listing their job-creation ideas. In that letter, the Republicans suggested that the federal government require states to adopt Georgia Works-type programs in order to receive federal unemployment funding.
“This has resulted in faster returns to work, less unemployment payments, and thus lower state unemployment taxes,” wrote House Speaker John Boehner (R., Ohio), Majority Leader Eric Cantor (R., Va.) and two of their colleagues.
-
Nothing after Oct 2011.
Performed?
Through January of 2010, according to the Georgia Department of Labor, over 10,000 job seekers have participated. In that time, 6,105 people completed training and 3,363 landed jobs through the program. Another 1,170 job seekers landed jobs within the quarter after completing their training – a common benefit seen in similar programs. As such, the program has demonstrated great opportunities to be a strong and important part of a state’s reemployment services.
Killing Joke new single released 9/11 - The Virus. They get it
https://youtu.be/A4wdbibV3IM
The prices of the schooling one needs for upward advancement have all skyrocketed in the past 40 years. Colleges, graduate schools and specialized schools like law school and medical school were expensive but within reach of the middle class. 40 years ago, if someone wrote an article that getting a college degree was not worth the cost, that person would be classified as an idiot. Then, the cost of education was 10% of the current cost. Long Island Universty in 1970 cost about $1,400 a year. If you earned it, a NYS Regents Scholarship would cover much of that cost.
For a true example of how silent inflation has wrecked the United States, watch some Perry Mason TV episodes from 1957 - 1966. In one episode, Perry comments to Della at the end, "Let's go to that restaurant. I want to see how a $1 cup of coffee tastes."
For the past 40 years, the looters, drug dealers and war mongers have taken over the United States. Pedophile degenerates find jobs fast as TSA screeners and no one in power says a word. America is doomed, run by satanists in business suits.
Translation.."without moar growth my skim gets smaller so get busy digging ditches and filling them up again serfs"
Can't this guy get throat cancer again ?
It didn't do the job the first time.
the musings of the worlds greatest pick-pocket
Cancer is a growth too you know!
Geez, come on. Two more cracks like that and one would think you were a Blue Meanie.
As for the middle class, Dimon reportedly said Thursday: “It’s not right to say we’re worse off … If you go back 20 years ago, cars were worse, the air was worse. People didn’t have iPhones... and my dick wasn't half way up America's arse.”
What blows my mind is that Jeb Bush's tax plan is to double down on his brother's tax cuts for the wealthy, and that there are quite a few people who still think, "yes, if we give the wealthy more, it will raise all boats." Seriously, how much more evidence do we need that trickle down doesn't work? And don't tell me the answer is pure free markets and somehow ending the crony in crony capitalism. Pure free markets are never going to happen in our lifetimes, and there will always be connected people who rent seek.
the answer is pure free markets.
mid 1800s style.
And don't forget the rent, it's so easy!
Yeah, right, bring back the debtors prisons. That should help the middle class.
I just don't want the government getting more money, from anyone. The overwhelming majority of it is spend on things I don't like or agree with. Destructive wars that do the opposite of 'keep us safe' , entitlement programs like SS and Medicare that are bankrupt, corporate welfare, welfare handouts that encourage and perpetuate poverty, and interest on debt that I don't believe is legitimate, a war on drugs that doesn't keep drugs off our street but does destroy our liberties, and a hopelessly broken education system. Those things pretty much suck up the entire budget, so I don't favor anything that gives these monsters more money.
These are problems that are actually fixable. I've been paying into SS and Medicare my whole life, and I'm pushing 50. These are not entitlement programs -- we paid in just like private insurance. Guys like Dimon and those who run the MIC have sucked up that money for themselves. I'd like to see us claw it back (I'd settle for getting my money back and then I'd use it to fund an annuity and pay insurance), massively cut the MIC, end the war on drugs, and generally shrink the shit out of the federal government. That could actually happen if we could take corporate and other large money out of political campaigns and render lobbying illegal.
Annuity? Who would you buy your annuity from?
Curious on who you trust, how much you trust companies to stay in existence?
I guess I hear Fidelity is a good company.
Heard that Knights of Columbus have done great in their investments, but not sure if as an Insurance Company they do Annuities.
Under Responded Post.
Sorry to break it to you. It was decided before you were born, slave.
https://en.wikipedia.org/wiki/Flemming_v._Nestor
and,
In 1953, a subcommittee of the House Ways and Means Committee conducted hearings for the express purpose of settling the question of whether social security was contractual in nature; see Hearings of November 27, 1953 entitled "The Legal Status of OASI Benefits," (Part 6). The witness at the hearing was Dr. Arthur J. Altmeyer, who held several offices in the Roosevelt administration. He was a member of the first Social Security Board, and by 1946 became the Social Security Commissioner, retiring in 1953. During this hearing, various parties stated that social security was not a contract:
At page 918:
"Mr. Altmeyer: * * * There is no individual contract between the beneficiary and the Government.
"Mr. Dingell: Congress knew that, did it not?
"Mr. Altmeyer: Yes, of course. I am sure it did.
* * *
"Chairman Curtis: The individual * * * has no contract? Is that your position?
"Mr. Altmeyer: That is right.
"Chairman Curtis: And he has no insurance contract?
"Mr. Altmeyer: That is right."
At page 937:
"Chairman Curtis: We came to an agreement on one of our major premises, that this was no insurance contract, and the words did not come from me. They were volunteered by Mr. Altmeyer."
At page 968:
"Mr. Winn: * * * Mr. Altmeyer, there being no contractual obligation between the Government and the worker, it follows, does it not, that the benefit payments under title II of the Social Security Act are merely statutory benefits which Congress may withdraw or alter at any time?"
At page 969:
"Mr. Winn (reading): ‘These are gratuities, not based on contract * * *. Moreover, the act creates no contractual obligation with respect to the payment of benefits. This Court has pointed out the difference between insurance which creates vested rights, and pensions and other gratuities, involving no contractual obligations, in Lynch v. United States, (292 U.S. 571, 576-577)."
At page 994:
"Mr. Altmeyer: I have answered your question, sir. If you will refer to section 1101, you will find, as you read into the record, that there are no vested rights, that Congress may create different rights * * *."
At page 996:
"Mr. Winn: We have also established that there is no insurance contract between the Government and the worker within a covered wage whereby the rights and obligations of a party are set; that is correct, is it not?
"Mr. Altmeyer: No. You did not establish that. That has been self-evident since the law was passed in 1935."
At pages 1013-14 (the Chair's concluding remarks):
"Chairman Curtis: Mr. Altmeyer, it is apparent that the people of the country have no insurance contract. That does not mean that I do not want to do my full part to do justice to them and to carry out and make good on the moral commitment that has been made to them. Yet, notwithstanding the fact that they had no insurance contract, it remains true that the agency under your direction repeatedly in public statements, by pamphlets, radio addresses, and by other means, told the people of the country that they had insurance. I think a number of people were misled by that."
Sorry to burst your bubble, but the Supreme Court said you had no right to the social security money that the government stole from you errr you contributed.
.
Meme: QE = Trickle Down Economics.
Kills two birds with one stone if we could get the message out there.
What gets me is Financial rating could be corrected to take into account the Overhead, Admin Costs, and Huge Compensation.
And if they looked at Drug Costs, Medical Costs, Health Care costs... and looked at Financial Rates and our Corporations it would buttress together.
In fact there should be a way to force companies to go Private from Public. Investors can be the lowest level employees, but they have a right to understand the Wasted Expenses of Public Investments.
Of is it just 10 of us on ZH that think this?
Under read post. S/
The tax cuts are not tax cuts if govt. spending continues to increase, and is paid for through deficits. The QE programs were basically a matter of government spending being financed by the Fed printing money, so the "tax cuts" were in fact as case of raising taxes via inflation.
Yeah, official taxes are lower, but in the end real taxes are up, overall.
Friends, while we busy and distract ourselves with arguments about socialism, capitalism, free markets, tax cuts yadda yadda, the Bush milieu is singularly focused on one thing....
Fucking each and every one of us up the ass
Good grief...clearly high taxation has been very successful at lifting the poor out of poverty. If only we would tax everybody at a 100 percent rate then we could eliminate poverty altogether. This is sarcasm for those too thick sculled to realize it
So when Black Friday comes he gets a I phone shoved up his ass
No, no. I think it would be much more fitting if we hired a Mexican to do the job and with what god gave him. I am thinking this guy specifically.
http://www.tmz.com/2015/09/04/man-with-19-inch-penis-video-vivid/
If we just let that Corporate offshore money come back with a token tax growth would happen overnight. And Unicorns would shit skittles. Don't work to be Middle Class because you can see it don't pan out. Work to get out of all that shit. I may not have a Brazillion but I am also not being played by the likes of Dimon.
Great article. Exposes the fallacy of "economic growth" under our capitalist system, merely a tool used by the already rich and powerful to cement their control over existing assets. Economic gains were never meant to be shared with working people even though worker productivity has gone up significantly. And still, both political parties pride "economic growth" and debt-fueled consumption above all else. Hopefully ZHers wake up from the perpetual growth nightmare as well.
What we are seeing now is the end result of our debt-backed money system which necessarily concentrates ownership and control over the economy into the hands of a few bankers and businessmen who refuse to work but nevertheless reap the benefits. End the debt-backed money system and the inherent interest that goes along with it and we can then work on unraveling ownership concentration. Management of businesses should be by and for the workers who actually produce goods and services - not by and for the buybacks and dividends of "investors" who only provide money.
That's again an idealistic consideration. Unfortunately the human nature leads in the direction we are heading now. Only through a deep and painfull crisis humans will chose a more constructive line. Strangely enough, I think we need that crisis.
Good Lord...when did ZH become infiltrated by a bunch of dim witted Communists? Management of business should be by and for the workers? Really?? When has that ever in the history of man been beneficial or successful. The stupidity displayed here is just jaw dropping!
"rotesque transformation into a Wall Street controlled, financialized gulag"
Exactly, and that's why no one running other than Trump can change the game, . . . . http://www.floppingaces.net/2015/09/15/trump-key-to-ending-wall-streets-...
He's the only one Wall Street fears. The rest are bought and under control.
Trump is part of the .01%
Why would he change anything?
That must be why he's richer than me.
typical statement from a dickless, weasel bankster
I think its about time to bring out the Pitchforks and torches as well as allot of rope and nailguns
Is that an invitation to visit?
That"s shows the end is near. When the elite does not give a shit about the rest of their masses, it"s the signal that everybody is on is own.
When the USSA can not longer protect and pamper "Just Us" and their minions, I wonder where they will flee to?
So says the guy with the bodyguards.
Didnt he say I have throat cancer..........it was a while back, but it stuck in my mind. Hey fuckhead, use that iphone to fix your throat cancer. If its all gone, then get throat cancer....stat
The air was worse. What the fuck. Not only an asshole but retard at best.
Calling Jamie retarded would be an insult to mentally challenged people. The Air is better is beyond moronic. This psychopathic fuck is worth a billion dollars, and that's the best he's got. "Cars are better the air is better we have iPhone." Fucking embarrassing, he must have pictures of all the leaders and CEO's of the world having an "eyes wide shut" moment at a donkey show in Tijuana.
fliptop gophone
Way back in the pre-disco 70's it was typically ONE MAN who earned that median household income. This years publication (and last year's, if I'm not mistaken) conveniently excludes the average number of workers per household. Going back a few years the number was about 1.3... which if math is not your friend might not sound too bad... unless you consider that 1/3 of households are single man/woman/parent households so the theoretical maximum isn't 2.0 workers per household (ti's actually higher than 2 if one legally considers the kid's Lemon Aid stand, the income from which must be legally be added to your household income to see if you qualify for an FSA OPM handout to help pay for your Obozo Care).
http://www.census.gov/content/dam/Census/library/publications/2015/demo/...
So in terms of "standard of living" (if you believe BLS inflation data) you have to back to AT LEAST the 1960s.
On the bright side, if you are lucky enough to live in married-couple-family-household (happily or not), you're more likely to be doing less bad since their median income is $81,000.
The Jewish pigs better be careful how far they go, the people hate these pigs and I believe in time will turn on them.
I've noticed Savage has been on the offensive lately regarding Coulter's statement about the Republican candidates pandering to them. I expect the J-mafia will now attempt to destroy her professionally, or kill her outright. So, if you hear about her plane crashing, you won't be surprised.
Great Picture.
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 339 328 332 338
2015 344 337
Constant Dollars, Weekly Earning same in 1979 as 2014.
Just added 2015, Weekly Earnings same in 1979 as 2015.
What a great guy. He'd look even better hanging from the end of a rope.
Ask him about income inequality right before you slip the noose around his neck.
We really need to hook him up with some top shelf pussy that has the worst case of gonorrhea and syphillis that will give him back his "throat cancer"!
I'd say bring him to the top of the Freedom Tower and push the motherfucker off but the American people don't know they're even being fucked by him!!!
New story out about super strain Gonorrhea in London or UK.
Maybe some of the Bankers already have it.
Aw... Northern England.
'Super-gonorrhoea' outbreak across north of England sparks national alert
Public Health England 'concerned' about drug-resistant strain first reported in Leeds but which has spread to Macclesfield, Oldham and Scunthorpe
My great grandfather quit school in the 7th grade. He worked in a factory as a machinist. His wife stayed at home and took care of their 9 children, and they all lived in a big house together as one big happy family. And then he paid for 6 of those kids college educations, when they were of age.
What matters is all the Expenses taken out of Revenue and Deprived to Investors some of whom might be Joe Sixpack the common worker.
Overhead and Admin Expenses: Jet's, Travel Money, Limos, Car Fleets, Apartments, Houses, Retreats, Conferences, Big New Buildings, Remodeled Offices, Telecom Centers no just on every floor, but door to door likely, cafeterias, security personnel, private garages, private access areas and conference rooms at air ports and other places.
What else you writing off Jamie Dimon?
“It is true that income inequality has kind of gotten worse,” Dimon said, but “you can take the compensation of every CEO in America and make it zero and it wouldn’t put a dent into it. What really matters is growth.”
What matters is Overhead, Admin Costs, Compensation Packages.
Jamie Antoinette. You can't even eat an iPhone though.
"Of Course I pay for my Financial Ratings, doesn't Everyone?"
"Well let them eat LIBOR and higher Interest Rates!!"
Actually, Jamie has a valid point.
Younsters only give a shit about the latest iphone.
Half the ones I know are not even intereted in driving a car, buying a home, anything except going on facebook, tweeting and posing.
Nonsense! The kids today are extremely resilient considering the world we have given them. Perhaps you should actually take the time to listen to them. You will be surprised how smart they really, and they have the ability to spot bullshit a mile away.
The kids are alright. We are the ones you need to worry about.
Suck on these figures DIMON. { Mr.Tungsten}
Twenty Thousand Dollars [ in 1963] was the equivalent of Two Hundred and Fifty Thousand Dollars in current purchasing power[today]
Most of the idiots that want to control resources, have mispriced the cost of credit and demand horribly.
Hence,the insane disparity between the cost's of assets vs commodities.
Bitchez
Dimon spoke the truth. Americas have spent their last penny for an iPhone. If they are willing to do so, who are they t0o come back to complain low wages?
“It is true that income inequality has kind of gotten worse,” Dimon said, but “you can take the compensation of every CEO in America and make it zero and it wouldn’t put a dent into it
Then how about this - Confiscate the assets of the top 1 % to use in the War on Ignorance. Oh wait, we're not fighting that one. Well, at least we'd have a new and slightly poorer top 1%. I'd like to see some new names for a change.
As long as people are stupified with Apple products Jamie has a point. Instead of let them eat cake, it's let them have iPhones. The elites are laughing at the masses
As long as people are stupified with Apple products Jamie has a point. Instead of let them eat cake, it's let them have iPhones. The elites are laughing at the masses
And the banking class wonders why they lose their heads in a revolution? The very first to go are the banksters, for good reason.
I'm almost as happy to have an iPhone as Dickhead Dimon is to have the taxpayers bailout his overleveraged bank.
Without the Fed and Treasury, I doubt Dimon could run a lemonade stand.
I am afraid that some day someone with ability will just start targeting elitists because they believe it will be the morally and ethically correct thing to do.
Using evil to combat evil is evil.
ANd you can trade it for sperm.
I always loved the idiotic "you have a iPhone or microwave so you are still better off than in the past" argument.
Protip for idiots: The cost of a iPhone over a 24 month mobile contract is practically peanuts compared to cost of food in the same timeframe.
You can't eat your iPhone. I guess you could.
ANOTHER banker making $9,000 and hour. 3000 hours worked per yr divided by 27 million. Amazing how people think they are worth more thn they produce.
And that is only part of the Huge Compensation Package.
I assume he gets stock options, bonuses (Quarterly?), Severance Packages, Bonus if he leaves to work for government, treasury, or FED, plus he grows his retirement benefits right?
And remember many can defer/differ Taxes by putting wages into a Corporate Trust Fund to grow Interest for 20 years or more.
Current "Capitalism" is socialism for the rich and bootstraps with a kick to the face for the poor.
My dad made $85k as a sales manager at a medium sized company in 1985.
The same job at the same company pays $85k today.
I didn't inflation adjust the salary to 2015 dollars either.
The job I hold today paid more in 1998 than it does now.
It was easier to find a job paying $50k a year in 1985 than it is today. Your many went a lot further 30 years ago.
Stuff does not make people happy.
People are happy when they have stuff to do.
Everyone being unemployed/under employed means that they have to cut back on things that matter to them
Instead of going mountain climbing (something that could endup costing 200-600$ you would endup sitting at home playing video games something that costs 15$.
People just want to be distracted from the world.
When people aren't working, they are not distracted from the world and a sort-of madness starts to slowly creep in, peoples demons start to come out.... behavior that is usually self-destructive.
Bailed out counterfeiters and billionaires like Jamie Dimon can not relate, they wake up to breakfast in bed , hop in their private jet and fly to bohemian grove to dance naked to satanic rituals with other plutocrats, and when they aren't worshiping Moloch and Baal they are busy skiing in Prague or drinking million dollar champagne bottles on their billion dollar yachts.
What Im saying here, its not the money that matters its the level of extra activities you can afford outside of work that matters.
If you go from being able to afford that ski trip last year to not being able to doit and having to settle for World of Warcraft because "15$" IS MY DISPOSABLE INCOME lol... well your going to spend more time considering suicide than normal.
These people like Jamie Dimon aren't really human, they can't possibly comprehend the life of an average human, it simply would not register, if suddenly deprived of their life-style they would quite literally go mad and probably commit suicide within a month (how many bankers have been taking the short way down lately? you know the "express" elevator from the roof of their bank to the parking garage pavement... some cant even take the fear or idea that not being a criminal counterfeiter may mean they have to sell one of their Ferrari's... you have stuck up kids torching their 3 year old Ferrari because they want their banker parents to buy them "this years model" .
These people simply aren't human, and they represent the most dangerous segment of our society, these people are very dangerous and should be avoided at all cost.
Idle hands...
Life can't be all bad when for ten dollars you can buy all the Beethoven sonatas and listen to them for ten years.
William F. Buckley, Jr.
Just another "filthy Jew who needs to take a shower!"
"In 1983, Dimon married Judith Kent, whom he met at Harvard Business School. They were married by a rabbi, as Kent is Jewish. They have three daughters: Julia, Laura, and Kara Leigh."
GREAT JEWS OF THE UNITED STATES OF AMERICA TURNED THE COUNTRY INTO A 3RD WORLD BUMHOLE
now there are more iphones than residents in america
I do not have an iPhone and do not even have a smartphone. I do have a trackphone for emergencies.
I have observed people all around me become enslaved to iPhones and smartphones. "The head-down, texting look", the self-absorption, and the other instantaneous social networking craving is f*cking shit just adding to the ruination of Americans.
I have an unlimited minutes landline account with Comcast. I do not answer calls unless I feel like it.
So Jamie Dimon (symbolic of the FED's state of "thought" and presumption), do not know or consider ANYTHING WHATSOEVER about me. Yet they believe they should exert control over my life. F*CK THEM VERY MUCH.
"... as measured for inflation..." Using the same measuring stick they used in 1973 or the new improved government friendly one they use today? Just wondering. Maybe a Shadow Stats subscriber can give us the real numbers.
SHUT UP! ....Be HAPPY
https://www.youtube.com/watch?v=lMQHVzSPTec
Ice-T: Freedom Of Speech, Just Watch What You Say...
Lyrics:
Featuring Jello Biafra
We interrupt this program with a special bulletin:
America is now under marshall law.
All constitutional rights have been suspended.
Stay in your homes.
Do not attempt to contact love ones, insurance agent or attorney.
Shut up.
Do not attempt to think or depression may occure.
Stay in your homes.
Curfew is at 7 PM sharp after work.
Anyone caught outside of gates of their suveillance sectors after curfew
Will be shot.
Remain calm, do not panic.
Your neighborhood watch officer will be by to collect urine examples in
The morning.
Anyone caught intefering with the collection of urine examples will be
Shot.
Stay in your homes, remain calm.
The number one enemy of progress is question.
National security is more important than individual will.
All port broadcasts will proceed as normal.
No more than two people may gather anywhere without permission.
Use only the drugs described by your boss or supervisor.
Shut up, be happy.
Obey all orders without question.
The comfort you demanded is now mandator.
Be happy.
At last everything is done for you.
Does this take into account that 40 years ago people werent reqired to fund their own retirement? I can live with a 5% drop but on top of that I have to put away 15% of my income so I don't have to eat dogfood when I retire.
Don't bite the Jew bait.
Pray that Christ humbles these evil men.
The rest of the story:
Wages being relatively equal on an inflation adjusted basis is not the net problem.
The ultimate problem is that cost of living essentials consume a greater percentage of current pay relative to prior years.
Social security tax increases
Mandatory health care taxes
Transportation cost increases
Housing cost increases
Food cost increases
Education cost increases
But you know these things already.
Why have these categories increased, but labor not, though productivity has?
Where is the value added on the balance sheet?