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Does Capitalism thrive on Main Street or Wall Street?
Wall street. Where citizens can invest in stock? Main street. Where everyday citizens reside.
Is there a connection that Capitalism has in regards to either street?
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Re: Does Capitalism thrive on Main Street or Wall Street?
Hey slim, wall street is a world unto itself. Although it can become irrationally exuberant on its own it does rely on those of us schleping around main street to feed it. But now its not just main street USA but main street the world. Remember when main street London had its brexit vote and wall street took a big dumb. Same with Greece though not as intense. Or when chinas market dropped around 20 percent, although I don't remember the exact numbers we went on a downward slide. I was just reading that restaurant stocks are on the way down as people have decided its cheaper to eat at home. Speaking of which @SlimTrae the market has been on A hell of a run. Every closing session its been reaching all time high. I'm really looking at putting on stop loss orders slim. I'm not being a doomsday sayer but at the very least I expect a correction. Are you in the market slim. Besides my 401k, Roth and mutual fund I created my own portfolio on groupings of individual stocks I pick
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Capitalism is the system that the 2 streets operate inside of.
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Re: Does Capitalism thrive on Main Street or Wall Street?
I don't have stock. There was a company I wanted to invest in but forgot their name. They do the labels/boxes for food. It was during the craze of labels like "All Natural."
Understanding Capitalism seems to be a topic entirely unto itself. Hopling Kirkland responds here to read his definition.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.
Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.
Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.
What is your take when some people say...oh those politicians all have friends in Wall Street. Is it an accusation of the politician on the take for self? Or is it looking the other way when regulations are brought up in senate/congress...so that their pal corporations can benefit?
Best case in point: Hillary Clinton has friends in Wall Street. What are they implying from your perspective..and how that hurts Main Street.
I admit I am not versed at all in such a subject, I can only hope you can see what I am trying to ask.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.
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Re: Does Capitalism thrive on Main Street or Wall Street?
I always liked what Bernie madoff said about Wall Street. When he got caught and was charged with running the biggest Ponzi scheme in history he said ya I ran the biggest Ponzi scheme in history in the largest Ponzi scheme on the planet, ah the Bernie was funny, I miss him. Just for pointing that out we should drop all charges and let him go.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Printing money from nothing and then printing more money based upon the debt that you issue and giving all of the benefits to your rich banker cronies who extract and extract and extract is not exactly capitalism. I call that bullshit.
Capitalism is where you buy and sell things that people need. Wall Street has nothing to do with capitalism and going on the bail outs they have had over the past century they would likely agree. It's cronyism.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
SlimTrae
Quote:
Originally Posted by
Kirkland Laing
Main Street. Wall Street does nothing constructive as far as economic growth is concerned. Literally nothing. I've spent my entire life working on Wall Street and its British equivalent and I've never done a single day's constructive work in my life. Wall Street is actually a massive drag on the real economy as we skim the entire system, legally rob Main Street businesses and just generally leach huge amounts of money out of the real economy that could be used for investment and growth into our own pockets. And cause periodic economic meltdowns which impoverish millions while redistributing vast amounts of money out of the pockets of the 99% upwards into the pockets of a couple of thousand blokes.
Send the Marines down to Wall Street, arrest everybody wearing a suit on the top floor of all the major banks' office buildings and execute them and it would be the single best economic policy move you could make.
What is your take when some people say...oh those politicians all have friends in Wall Street. Is it an accusation of the politician on the take for self? Or is it looking the other way when regulations are brought up in senate/congress...so that their pal corporations can benefit?
Best case in point: Hillary Clinton has friends in Wall Street. What are they implying from your perspective..and how that hurts Main Street.
I admit I am not versed at all in such a subject, I can only hope you can see what I am trying to ask.
I could write a book on this one. Let me give you an article to read. This guy has a great writing style and he writes very readable articles, he can make financial stuff sound very entertaining. But you'll read it and think to yourself this is great but it's obviously an over the top hyperbolic style of writing and probably not all true. Let me tell you this is word for word true and only gives a rough outline of the rampant criminality on Wall Street, how we completely own the politicians and the regulators and so on. It's a long article but you could all do worse than read it to give you an idea of how things are. I will have much more to add to this article and any replies from you lot later on. :)
Why Isn't Wall Street in Jail? - Rolling Stone
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Gandalf
Printing money from nothing and then printing more money based upon the debt that you issue and giving all of the benefits to your rich banker cronies who extract and extract and extract is not exactly capitalism. I call that bullshit.
Capitalism is where you buy and sell things that people need. Wall Street has nothing to do with capitalism and going on the bail outs they have had over the past century they would likely agree. It's cronyism.
Printing money from nothing and lending it out to make a profit -- banking -- is fine. Banking is a necessary thing. Bankers are credit intermediaries. They match borrowers and savers and mean all the capital created by an economy is put to its most productive use.
And there's a case for a well regulated stock exchange where people can invest in shares and even a derivatives market where firms and individuals can hedge risk and plan future costs effectively, insure against losses and so on.
Those things are all good. It's just when we use all the money we make to capture regulators and legislators and that's when things start to go wrong. A well-regulated noncorrupt financial system, great, a big plus for society. What we have now, not so good.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
walrus
Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.
Yes we are. Yes we fucking are.You've got no idea matey.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Matt Taibbi is a hack who is riding on his father's coattails...not that I'm bothering to read the article you posted or that I'm disagreeing with it, it's just Taibbi is a whiny little bitch and I thoroughly dislike him, can't wait until he falls from grace, that'll be one I celebrate and it'll happen soon enough....The Rolling Stone, I'd rather have a kidney stone than read that horseshit
Capitalism is something that in it's purest form is good for all parties involved. Some have more money to play with, some know better people to trust, some know really shitty people and some aren't educated in how to best grow or utilize their assets.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
walrus
Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.
Yes we are. Yes we fucking are.You've got no idea matey.
You might be surprised what I know. I know you are an utter cunt
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
Printing money from nothing and then printing more money based upon the debt that you issue and giving all of the benefits to your rich banker cronies who extract and extract and extract is not exactly capitalism. I call that bullshit.
Capitalism is where you buy and sell things that people need. Wall Street has nothing to do with capitalism and going on the bail outs they have had over the past century they would likely agree. It's cronyism.
Printing money from nothing and lending it out to make a profit -- banking -- is fine. Banking is a necessary thing. Bankers are credit intermediaries. They match borrowers and savers and mean all the capital created by an economy is put to its most productive use.
And there's a case for a well regulated stock exchange where people can invest in shares and even a derivatives market where firms and individuals can hedge risk and plan future costs effectively, insure against losses and so on.
Those things are all good. It's just when we use all the money we make to capture regulators and legislators and that's when things start to go wrong. A well-regulated noncorrupt financial system, great, a big plus for society. What we have now, not so good.
Boom and bust cycles are the consequence of fractional reserve banking. Money created from nothing means the dollar has devalued 98% in a hundred years. The non stop printing creates the distortions seen in the cost of property.It is a ponzi scheme.
There is nothing wrong with lending as long as it correlates with deposits, but this does not happen. Money backed by nothing is the root of all that has gone wrong.
All financial trickery is immoral and ultimately harmful to all except the parasite.
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@Andre
@Master
Delete this silly thread. These people are stating something which is being stated in a painfully obvious way especially Gandalf and Walrus boring the shit out of everyone trying to appease Kirkland and Slimtrae.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
El Kabong
Matt Taibbi is a hack who is riding on his father's coattails...not that I'm bothering to read the article you posted or that I'm disagreeing with it, it's just Taibbi is a whiny little bitch and I thoroughly dislike him, can't wait until he falls from grace, that'll be one I celebrate and it'll happen soon enough....The Rolling Stone, I'd rather have a kidney stone than read that horseshit
Capitalism is something that in it's purest form is good for all parties involved. Some have more money to play with, some know better people to trust, some know really shitty people and some aren't educated in how to best grow or utilize their assets.
Okay ..Matt is a trick?:rolleyes:
Serious...
Capitalism is something that in it's purest form ..
Is it pure now? Diluted...how does it happen, can something no longer pure return?
No wrong answer, just attempting to learn how wall street is considered so corrupt, yet maintains the street to success.
At least stock wise...
Brock. ..make sure you enter with the Benny Hill theme... It fits so well.
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this thread is batting about something painfully obvious.
What's the mystery? Free buying and selling, for people like us, if you got the cash or credit just go and buy it.
What's the mystery?
There's no such thing as capitalism, its just buying and selling pretty much free wheelin WHAT THE FUCK IS SO HARD TO DECIPHER ?
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Re: Does Capitalism thrive on Main Street or Wall Street?
WHAT THE FUCK IS SO HARD TO DECIPHER ?
brocktonian thoughts...:vd:
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Re: Does Capitalism thrive on Main Street or Wall Street?
Capitalism is buying and selling. My point is that the financial system is fraudulent and is based upon constant money creation which not only reduces the value of money, but is also the reason there has been so much war over the past 400 years.
I get that local business needs loans and people need savings that gather a bit of interest. That is healthy and good. What is not good is a system that actively preys on people and has nothing to back it up themselves. It's wrong that people lose their homes when banks know people cannot pay the loans because there is no longer job stability and the banks can crash the system at any time forcing lay offs. That's rotten and to then bail out those guys?
Matt Taibbi is a very good journalist and I tend to like what he writes.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Insider trading is another question mark.
To make money off someone's loss, what a hell of a way to get paid.
Vice President Cheney sold his Halliburton stock around 50$...then it dropped to 40$.
Reminds me of a movie with Dan Akyroid and Eddie Murphy Trading Places.
End of the movie ..they got paid. Cause they had the low down on orange juice crop report.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Randolph and Mortimer
Murphy’s character and Ackroyd’s character. They manipulate the Dukes into making a huge bet on orange futures then twist the market to the good guys’ advantage.
The Dukes are ruined. Roll closing credits.
Murphy brought them back in his 1988 movie “Coming to America.” In their cameo, the Dukes have been reduced to homeless men. Murphy, now playing an African prince representing the kingdom of Zamunda, is in search of a bride.
The Dukes’ cameo doesn’t last long. It ends when Prince Akeem (Murphy) walks up. He sees the sad Dukes on the street. He gives them a wad of bills.
“Mortimer,” Randolph says, “We’re back in business!”
Let’s see … Crooked, greedy Wall Street operatives. They fleece the public and get away with it, for a while. Eventually, they’re seen as crooks and go broke.
Just like our bailouts.... the government sweeps in and hands them a big bag of money. They carry on as before.
Quote:
I wish life didn’t imitate art
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Re: Does Capitalism thrive on Main Street or Wall Street?
This is an excellent thread
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Quote:
Originally Posted by
Master
This is an excellent thread
You have gone too far there, I think. Slimtrae has resorted to dirty tactics and is manipulating Miles, which you will see as this thread (unbelievably) grows.
@SlimTrae is it Master's job to keep you in check and keep you from doing any further damage? Insider trading is tough beanz and wtf can any of us do about it?
Its like the Stone Age. Who had the bigger boulders and sticks got the most women and deer. Wtf can anyone do about it? You can go do your own insider trading Miles. Slimtrae is trying to turn you. Be strong.
#ResistSlimtraeProud
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Re: Does Capitalism thrive on Main Street or Wall Street?
People need to find other ways. Things like crowdfunding, Bitcoin, communities, local farming, collectives, alternative media. Maybe you can just evade the system altogether. There is no justification for tax or endless inflation. We can make a new real capitalism.
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Quote:
Originally Posted by
Gandalf
People need to find other ways. Things like crowdfunding, Bitcoin, communities, local farming, collectives, alternative media. Maybe you can just evade the system altogether. There is no justification for tax or endless inflation. We can make a new real capitalism.
Vote Trump. English tests for wannna be immigrants
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
SlimTrae
Okay ..Matt is a trick?:rolleyes:
Serious...
Capitalism is something that in it's purest form ..
Is it pure now? Diluted...how does it happen, can something no longer pure return?
No wrong answer, just attempting to learn how wall street is considered so corrupt, yet maintains the street to success.
At least stock wise...
Brock. ..make sure you enter with the Benny Hill theme... It fits so well.
Matt Taibbi is horrible, he's a spoiled brat riding Daddy's coattails into the world of "journalism", can hardly call 'Rolling Stone' relevant these days in regards to politics, economics, OR what they were originally founded to cover...music.
Capitalism in ANY form still beats the pants off of literally ANY other system. What do you want to replace it with? Communism/Socialism? We see how great those work out for the poor and less fortunate....just creates MORE of them. Capitalism CAN have winners and losers but it can also have symbiosis in which both the buyer and seller come out feeling like a good deal has been struck and to be quite honest that happens more on the small scale than it does on the large scale. A young kid goes and cuts his neighbor's grass, the neighbor pays....the kid earns some cash, the homeowner doesn't have to fuck with the yard that week that is WIN-WIN Capitalism.....don't have to worry about that in Communist countries....who owns a house much less a lawnmower?
There's a reason this little joke resonated....
http://www.youtube.com/watch?v=CLW7r4o2_Ow
it's because it's true.
But I'm sorry, you were decrying how horrible and diluted Capitalism is?
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
El Kabong
Matt Taibbi is a hack who is riding on his father's coattails...not that I'm bothering to read the article you posted or that I'm disagreeing with it, it's just Taibbi is a whiny little bitch and I thoroughly dislike him, can't wait until he falls from grace, that'll be one I celebrate and it'll happen soon enough....The Rolling Stone, I'd rather have a kidney stone than read that horseshit
Capitalism is something that in it's purest form is good for all parties involved. Some have more money to play with, some know better people to trust, some know really shitty people and some aren't educated in how to best grow or utilize their assets.
You just keep on keeping on Lyle. You wouldn't be you if you didn't go through life being completely ignorant and always wrong about everything.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
walrus
Slim you do have stocks. Do you have a 401k or pension plan at work. It's in the market. I think Kirk has some points but I don't think Wall Street is an inherently evil thing. But what do we do, leave all our money in CD making 1% or savings accounts making 0.
Yes we are. Yes we fucking are.You've got no idea matey.
You might be surprised what I know. I know you are an utter cunt
I am an utter cunt and so are all the other people who do what I do. You should not be in favour of less regulation and oversight over what we do. If you don't have it nailed down we'll have it away. Don't say I didn't warn you.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Gandalf
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Gandalf
Printing money from nothing and then printing more money based upon the debt that you issue and giving all of the benefits to your rich banker cronies who extract and extract and extract is not exactly capitalism. I call that bullshit.
Capitalism is where you buy and sell things that people need. Wall Street has nothing to do with capitalism and going on the bail outs they have had over the past century they would likely agree. It's cronyism.
Printing money from nothing and lending it out to make a profit -- banking -- is fine. Banking is a necessary thing. Bankers are credit intermediaries. They match borrowers and savers and mean all the capital created by an economy is put to its most productive use.
And there's a case for a well regulated stock exchange where people can invest in shares and even a derivatives market where firms and individuals can hedge risk and plan future costs effectively, insure against losses and so on.
Those things are all good. It's just when we use all the money we make to capture regulators and legislators and that's when things start to go wrong. A well-regulated noncorrupt financial system, great, a big plus for society. What we have now, not so good.
Boom and bust cycles are the consequence of fractional reserve banking. Money created from nothing means the dollar has devalued 98% in a hundred years. The non stop printing creates the distortions seen in the cost of property.It is a ponzi scheme.
There is nothing wrong with lending as long as it correlates with deposits, but this does not happen. Money backed by nothing is the root of all that has gone wrong.
All financial trickery is immoral and ultimately harmful to all except the parasite.
Boom and bust cycles are a result of economic cycles. That's what economic cycles do. They did it forr centuries before fractional reserve banking came along. The dollar has devalued 98% over the last hundred years but purchasing power, which is how we measure long term wealth, has increased by several thousand percent over the last hundred years. You no longer have to send your kids out to work instead of sending them to school, can afford housing, indoor plumbing, cars, holidays, gadgets, big boys toys etc. Our system is not a Ponzi scheme. It's out of whack due to no regulation or oversight but if well regulated it's as good as you're ever going to get.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
SlimTrae
Randolph and Mortimer
Murphy’s character and Ackroyd’s character. They manipulate the Dukes into making a huge bet on orange futures then twist the market to the good guys’ advantage.
The Dukes are ruined. Roll closing credits.
Murphy brought them back in his 1988 movie “Coming to America.” In their cameo, the Dukes have been reduced to homeless men. Murphy, now playing an African prince representing the kingdom of Zamunda, is in search of a bride.
The Dukes’ cameo doesn’t last long. It ends when Prince Akeem (Murphy) walks up. He sees the sad Dukes on the street. He gives them a wad of bills.
“Mortimer,” Randolph says, “We’re back in business!”
Let’s see … Crooked, greedy Wall Street operatives. They fleece the public and get away with it, for a while. Eventually, they’re seen as crooks and go broke.
Just like our bailouts.... the government sweeps in and hands them a big bag of money. They carry on as before.
Quote:
I wish life didn’t imitate art
Donald Trump just hired a guy called Steve Mnuchin as his campaign finance chief. Mnuchin used to work for Goldman Sachs and various hedge funds and is a well know person in the financial community. He's currently phoning up everybody on Wall Street and telling them that if Trump wins he's going to be Treasury Secretary, meaning he has ultimate oversight over and legal or regulatory issues these banks may be facing over the next four years plus ongoing legal issues related to previous criminality.
Trump is spreading his legs for Wall Street. Come and get me. I'm putting your guy in charge of everything now give me a nice big donation. Wall Street can back every horse in the race and can do it for buttons. Trump has only raised about a hundred million so far, he'd drop his trousers and bend over for another hundred. Do you know how much just the big Wall Street firms have paid in fines and legal fees since 2008 for their pre-mektdown criminality? Getting on for two hundred billion. With a b. So you see how ridiculously cheap these people are to buy. And all those legal fees go to pay the salaries and golden hellos of the current bunch of regulators when they move sides to work for Wall Street legal firms.
Anf Lyle. This'll make you happy. Guess where the Kenyan socialist Obama is going to start work once he leaves office? Six to eight years from now will Obama be worth a high eight or low nine figure amount?
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
Donald Trump just hired a guy called Steve Mnuchin as his campaign finance chief. Mnuchin used to work for Goldman Sachs and various hedge funds and is a well know person in the financial community. He's currently phoning up everybody on Wall Street and telling them that if Trump wins he's going to be Treasury Secretary, meaning he has ultimate oversight over and legal or regulatory issues these banks may be facing over the next four years plus ongoing legal issues related to previous criminality.
Trump is spreading his legs for Wall Street. Come and get me. I'm putting your guy in charge of everything now give me a nice big donation. Wall Street can back every horse in the race and can do it for buttons. Trump has only raised about a hundred million so far, he'd drop his trousers and bend over for another hundred. Do you know how much just the big Wall Street firms have paid in fines and legal fees since 2008 for their pre-mektdown criminality? Getting on for two hundred billion. With a b. So you see how ridiculously cheap these people are to buy. And all those legal fees go to pay the salaries and golden hellos of the current bunch of regulators when they move sides to work for Wall Street legal firms.
Anf Lyle. This'll make you happy. Guess where the Kenyan socialist Obama is going to start work once he leaves office? Six to eight years from now will Obama be worth a high eight or low nine figure amount?
Obama I've heard will stay in DC...you know, to attempt to keep his Presidential legacy intact, though why he would be proud of it.....oh it's because he "fundamentally transformed" America because he hates this country and everything it was founded on.
I am certain Obama will be QUITE sorry, I know how you dislike the block caps....I mean "quite" well off after departing the White House.
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Re: Does Capitalism thrive on Main Street or Wall Street?
http://www.youtube.com/watch?v=M689xuNgJyA
just let business be business and let government be government
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
El Kabong
Quote:
Originally Posted by
SlimTrae
Okay ..Matt is a trick?:rolleyes:
Serious...
Capitalism is something that in it's purest form ..
Is it pure now? Diluted...how does it happen, can something no longer pure return?
No wrong answer, just attempting to learn how wall street is considered so corrupt, yet maintains the street to success.
At least stock wise...
Brock. ..make sure you enter with the Benny Hill theme... It fits so well.
Matt Taibbi is horrible, he's a spoiled brat riding Daddy's coattails into the world of "journalism", can hardly call 'Rolling Stone' relevant these days in regards to politics, economics, OR what they were originally founded to cover...music.
Capitalism in ANY form still beats the pants off of literally ANY other system. What do you want to replace it with? Communism/Socialism? We see how great those work out for the poor and less fortunate....just creates MORE of them. Capitalism CAN have winners and losers but it can also have symbiosis in which both the buyer and seller come out feeling like a good deal has been struck and to be quite honest that happens more on the small scale than it does on the large scale. A young kid goes and cuts his neighbor's grass, the neighbor pays....the kid earns some cash, the homeowner doesn't have to fuck with the yard that week that is WIN-WIN Capitalism.....don't have to worry about that in Communist countries....who owns a house much less a lawnmower?
There's a reason this little joke resonated....
it's because it's true.
But I'm sorry, you were decrying how horrible and diluted Capitalism is?
If I understand, what makes this Matt guy horrible: he's riding off his father's fortune? relevance once existed with Rolling Stone, but the coat tail rider has changed something rendering it irrelevant politically speaking?
I have no qualms about the current form of capitalism, it was your precise wording (in its purest form) that grabbed my attention. I never said it was diluted...i asked why (YOU) said (in its purest form)...is it pure now..
And I can only reiterate...please understand I in know way asked to replace capitalism.
I have never spoken of communism nor socialism. Not here or probably at all in my 2 years here on any thread. Let alone spoke positive of it wanna bet? If not dont take my words out of context.
Crying ...calling capitalism horrible? I asked if corporate and wall street has ties to capitalism, can we define mainstreets respect for it.
Never did I say it.. Capitalism was horrible. Did i speak negative about wall street?
Yes i did. Did I speak negative about main street and its perception of capitalism? Where? And what does cutting grass and kid's pay have to do with Wall Street?
Crying to me is your incessant posting of media and democrats. .pissing moaning bitching and bleeding. Crying imo is proclaiming for months that Trump isnt conservative and you couldnt believe your party may nominate him... That sir, was crying. May as well colonize the moon if Trump gets elected. .that imo is crying.. .but i submit I understood your comments aka crying.
But thanks for proving once again.. its not possible to debate Fellow Americans who vote republican..not all but most will rewrite or dismiss anything they don't like leaving genuine discussion for any demographic but them...
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
SlimTrae
Randolph and Mortimer
Let’s see … Crooked, greedy Wall Street operatives. They fleece the public and get away with it, for a while. Eventually, they’re seen as crooks and go broke.
Just like our bailouts.... the government sweeps in and hands them a big bag of money. They carry on as before.
Quote:
I wish life didn’t imitate art
Donald Trump just hired a guy called Steve Mnuchin as his campaign finance chief. Mnuchin used to work for Goldman Sachs and various hedge funds and is a well know person in the financial community. He's currently phoning up everybody on Wall Street and telling them that if Trump wins he's going to be Treasury Secretary, meaning he has ultimate oversight over and legal or regulatory issues these banks may be facing over the next four years plus ongoing legal issues related to previous criminality.
Trump is spreading his legs for Wall Street. Come and get me. I'm putting your guy in charge of everything now give me a nice big donation. Wall Street can back every horse in the race and can do it for buttons. Trump has only raised about a hundred million so far, he'd drop his trousers and bend over for another hundred. Do you know how much just the big Wall Street firms have paid in fines and legal fees since 2008 for their pre-mektdown criminality? Getting on for two hundred billion. With a b. So you see how ridiculously cheap these people are to buy. And all those legal fees go to pay the salaries and golden hellos of the current bunch of regulators when they move sides to work for Wall Street legal firms.
Anf Lyle. This'll make you happy. Guess where the Kenyan socialist Obama is going to start work once he leaves office? Six to eight years from now will Obama be worth a high eight or low nine figure amount?
Steve Mnuchin..thx... will check him out. Is he the guy that Trump replaced over some dude getting paid by Russiaa few years ago?
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Quote:
Originally Posted by
SlimTrae
Quote:
Originally Posted by
El Kabong
Quote:
Originally Posted by
SlimTrae
Okay ..Matt is a trick?:rolleyes:
Serious...
Capitalism is something that in it's purest form ..
Is it pure now? Diluted...how does it happen, can something no longer pure return?
No wrong answer, just attempting to learn how wall street is considered so corrupt, yet maintains the street to success.
At least stock wise...
Brock. ..make sure you enter with the Benny Hill theme... It fits so well.
Matt Taibbi is horrible, he's a spoiled brat riding Daddy's coattails into the world of "journalism", can hardly call 'Rolling Stone' relevant these days in regards to politics, economics, OR what they were originally founded to cover...music.
Capitalism in ANY form still beats the pants off of literally ANY other system. What do you want to replace it with? Communism/Socialism? We see how great those work out for the poor and less fortunate....just creates MORE of them. Capitalism CAN have winners and losers but it can also have symbiosis in which both the buyer and seller come out feeling like a good deal has been struck and to be quite honest that happens more on the small scale than it does on the large scale. A young kid goes and cuts his neighbor's grass, the neighbor pays....the kid earns some cash, the homeowner doesn't have to fuck with the yard that week that is WIN-WIN Capitalism.....don't have to worry about that in Communist countries....who owns a house much less a lawnmower?
There's a reason this little joke resonated....
it's because it's true.
But I'm sorry, you were decrying how horrible and diluted Capitalism is?
If I understand, what makes this Matt guy horrible: he's riding off his father's fortune? relevance once existed with Rolling Stone, but the coat tail rider has changed something rendering it irrelevant politically speaking?
I have no qualms about the current form of capitalism, it was
your precise wording (in its purest form) that grabbed my attention. I never said it was diluted...i asked why (
YOU) said (in its purest form)...is it pure now..
And I can only reiterate...please understand I in know way asked to replace capitalism.
I have
never spoken of communism nor socialism. Not here or probably at all in my 2 years here on any thread. Let alone spoke positive of it wanna bet? If not dont take my words out of context.
Crying ...calling capitalism horrible? I asked if corporate and wall street has ties to capitalism, can we define mainstreets respect for it.
Never did I say it.. Capitalism was horrible. Did i speak negative about wall street?
Yes i did. Did I speak negative about main street and its perception of capitalism? Where? And what does cutting grass and kid's pay have to do with Wall Street?
Crying to me is your incessant posting of media and democrats. .pissing moaning bitching and bleeding. Crying imo is proclaiming for months that Trump isnt conservative and
you couldnt believe your party may nominate him... That sir, was crying. May as well colonize the moon if Trump gets elected. .that imo is crying.. .but i submit I understood your comments aka crying.
But thanks for proving once again.. its not possible to debate Fellow Americans who vote republican..not all but most will rewrite or dismiss anything they don't like leaving genuine discussion for any demographic but them...
I believe something is being lost in translation here.
1. Matt Taibbi, is a "journalist" because his dad is a "journalist", I use quotation marks because journalists are SUPPOSED to be unbiased, the Taibbi's cannot claim that attribute. Also Rolling Stone just ran a story on a supposed rape case at UVA with absolutely 0 evidence other than what was pried from a very troubled young lady who turned out to be lying and perhaps both mentally and emotionally unstable. The magazine is horrible, biased, and Matt Taibbi is a big reason why....he's a true asshole
2. DEcrying, DE...totally different from "crying". Decry = to publicly denounce. I don't want you thinking that I'm going on some kind of emotional personal attack on you. I'm debating, just begging the questions A) if the current form of capitalism is bad how do we fix it and B ) if capitalism the way it is now is so horrible then what other options do we have ergo my bringing up Communism and Socialism which a lot of protesters seem to want for some reason
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
El Kabong
Quote:
Originally Posted by
Kirkland Laing
Donald Trump just hired a guy called Steve Mnuchin as his campaign finance chief. Mnuchin used to work for Goldman Sachs and various hedge funds and is a well know person in the financial community. He's currently phoning up everybody on Wall Street and telling them that if Trump wins he's going to be Treasury Secretary, meaning he has ultimate oversight over and legal or regulatory issues these banks may be facing over the next four years plus ongoing legal issues related to previous criminality.
Trump is spreading his legs for Wall Street. Come and get me. I'm putting your guy in charge of everything now give me a nice big donation. Wall Street can back every horse in the race and can do it for buttons. Trump has only raised about a hundred million so far, he'd drop his trousers and bend over for another hundred. Do you know how much just the big Wall Street firms have paid in fines and legal fees since 2008 for their pre-mektdown criminality? Getting on for two hundred billion. With a b. So you see how ridiculously cheap these people are to buy. And all those legal fees go to pay the salaries and golden hellos of the current bunch of regulators when they move sides to work for Wall Street legal firms.
Anf Lyle. This'll make you happy. Guess where the Kenyan socialist Obama is going to start work once he leaves office? Six to eight years from now will Obama be worth a high eight or low nine figure amount?
Obama I've heard will stay in DC...you know, to attempt to keep his Presidential legacy intact, though why he would be proud of it.....oh it's because he "fundamentally transformed" America because he hates this country and everything it was founded on.
I am certain Obama will be
QUITE sorry, I know how you dislike the block caps....I mean "quite" well off after departing the White House.
He's going to joing a private equity firm, get involved with investments in new tech companies and make tens of million of dollars over the next decade, probably over a hundred. He's done a lot of favours for Google, Microsoft, Facebook and Apple while prez and now they're going to pay him back.
It must be awful watching the America you thought you knew falling apart before your eyes. Not only is the south ever going to rise again but a white nationalist Republican party can never win a national election again.
And it's irrelevant who wrote that srticle I linked, who his dad is, who his grandmother did, or where it was published. I could have linked exactly the same facts that were in that article by posting a dozen links fromt he Wall Street Journal and the Financial Times, except nobody here subscribes to them and they're all going to be very boring, dry, technical articles. The article I posted is very readable by comparison and written in a way people here can enjoy reading to some extent. And I'm also saying as somebody who has worked on Wall Street for the time period the article covers that it's a hundred percent accurate.
Of course it's much easier to claim it's somehow biased or published in the wrong paper or the journalist has a father or some other crap to avoid dealing with the article itself. You just keep on keeping on.
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
Kirkland Laing
He's going to joing a private equity firm, get involved with investments in new tech companies and make tens of million of dollars over the next decade, probably over a hundred. He's done a lot of favours for Google, Microsoft, Facebook and Apple while prez and now they're going to pay him back.
It must be awful watching the America you thought you knew falling apart before your eyes. Not only is the south ever going to rise again but a white nationalist Republican party can never win a national election again.
And it's irrelevant who wrote that srticle I linked, who his dad is, who his grandmother did, or where it was published. I could have linked exactly the same facts that were in that article by posting a dozen links fromt he Wall Street Journal and the Financial Times, except nobody here subscribes to them and they're all going to be very boring, dry, technical articles. The article I posted is very readable by comparison and written in a way people here can enjoy reading to some extent. And I'm also saying as somebody who has worked on Wall Street for the time period the article covers that it's a hundred percent accurate.
Of course it's much easier to claim it's somehow biased or published in the wrong paper or the journalist has a father or some other crap to avoid dealing with the article itself. You just keep on keeping on.
Wouldn't doubt it, I mean he and Tony Rezko were up to that in Chicago decades ago.
As for the second bit, that's rather presumptuous of you and in poor taste albeit typical of you....the only thing that shocks me is that it didn't come with a graph and/or a post from Mother Jones.
"it's irrelevant who wrote the srticle(sic)"....Irrelevant?
Matt Taibbi Gets His Sarah Palin On - The Atlantic
"What I think, sadly, is that Matt Taibbi is becoming the Sarah Palin of journalism. He seems to deliberately eschew understanding his subjects, because only corrupt, pointy-headed financial journalists who have been co-opted by the system do that. And Matt Taibbi is here to save you from those pointy headed elites."
.....and we all remember how fond you are of Sarah Palin ;D
Why would you like Taibbi?
This Is What Happens If You Tell Matt Taibbi You Don't Like His Work to His Face
'It’s always those who dish it out who have the hardest time taking it.'
.....OH :-X
Hope you're well ;)
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
El Kabong
Quote:
Originally Posted by
SlimTrae
Quote:
Originally Posted by
El Kabong
Quote:
Originally Posted by
SlimTrae
Capitalism is something that in it's purest form .
.
Matt Taibbi is horrible, he's a spoiled brat riding Daddy's coattails into the world of "journalism", can hardly call 'Rolling Stone' relevant these days in regards to politics, economics, OR what they were originally founded to cover...music.
Capitalism in ANY form still beats the pants off of literally ANY other system.
What do you want to replace it with? Communism/Socialism?
But I'm sorry, you were decrying how horrible and diluted Capitalism is?
..
I believe something is being lost in translation here.
. DEcrying, DE...totally different from "crying". Decry = to publicly denounce.
I agree: Lost in translation. As your quotes above are dead on for defending capitalism. Particularly your debate question below:
I'm debating, just begging the questions A) if the current form of capitalism is bad how do we fix it and B ) if capitalism the way it is now is so horrible then what other options do we have ergo my bringing up Communism and Socialism which a lot of protesters
Kabong, sir I don't have the knowledge to answer if Capitalism is so bad or horrible, because I didn't rate nor grade it here.
Gandalf and Kirkland however seemed to respond a bit different; IMO both impressed upon me that capitalism (relative to) main street can be-Indeed a good thing.
However I interpreted a different tune when both referred to Wall street. IMO we all were harsh on Wall Street's use. They both IMO disagreed with currency and the printing of it. Good stuff!
My bad, if my wording made you think I was grading capitalism, scoring it as horrible.
My intent was to debate \discuss how Main street common people versus Wall Street and the elite view\use capitalism to fit them.
And that Matt dude. I don't know of him or his dad. I was just trying to understand your disagreement with him: he is an asshole Got it. As few .. .if any people I know depend on Rolling Stone for politics.
The decry versus cry a bit amusing...I chose "cry" because I didn't denounce capitalism nor said it was diluted, rather questioned your precise wording (capitalism in it's purest form)
Is it currently in its purest form?:cool:
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Re: Does Capitalism thrive on Main Street or Wall Street?
Quote:
Originally Posted by
SlimTrae
Is it currently in its purest form?:cool:
I think we can ALL agree that no, Capitalism right now has been infected by government bureaucracy and in a lot of that bureaucracy hides political favors, backroom deals, a fleecing of the population....lots of underhanded tricks being played by folks in the government or people who know people in positions of power and it's not right.
To put it in better terms, the referees of this game aren't calling it square for both teams....all I want is an even playing field where the highest paid gets called for travelling and the league minimum maker gets called for his traveling just the same