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Old 10-07-2011, 12:45 PM   #51
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Dear Thick Headed Folks That Don't Get It....

You Are Not Rich!!!! Having a million, two, ten, or hundredSSSS does not make you rich. They move more money than all of us combined together, our entire damn industry's gross revenue, they move that in a single day.

ALL OF US are part of the 99% that got fucked over by them... nobody here is so damn rich that they made billions from the crash, that they created, that nobody got into any trouble for.

Stop being so damn thick headed on this entire subject... you're a piss stain like the rest of the population in the eyes of the truly wealthy that control this country and influence our Gov.
While all of that is true, there are levels of rich. I think Chris Rock was the one who said, there is rich and then there is WEALTH. The people you speak of, the real movers and shakers in the world, have wealth. Rich is open to interpretation, but none of us here are wealthy. However, you can bet that a few more years of this and a lot more of us will be heading towards being poor.

My own personal financial definition of "rich" would be not having to worry about money. Ever. You set yourself up right and money is now of no concern. Then you are financially rich.

Poor would be when you are stressing about where your next $100 is going to come from, or you are struggling to make ends meet, if you can make them meet at all.
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Old 10-07-2011, 12:49 PM   #52
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the rich mostly got rich by outsmarting others, sometimes in a lying cheating fashion, sometimes in a completely tasteless manner sacrificing and ruining lives of many.
in a way this is life, on good or bad.
but when these rich are so mischievous and manipulative their reach go way into the executive arm of the government, the poor have no means to climb up, even for generations, then i can understand the poor mans thinking that desperate measures look appealing...

Rich get rich by outsmarting others?

That's the biggest load of claptrap in history, written by someone that doesn't even understand the most basic economic theory, or how wealth is created.



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Old 10-07-2011, 01:02 PM   #53
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why do they keep talking about "millionaires."

talk about the banks who blew up the economy and who weren't punished, the lack of jobs, the foreclosures and the stranglehold mega-corporations have upon the government and media.
People should be in jail.

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Old 10-07-2011, 01:03 PM   #54
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Rich get rich by outsmarting others?

That's the biggest load of claptrap in history, written by someone that doesn't even understand the most basic economic theory, or how wealth is created.



.


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So they got rich by hard work and being lucky?
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Old 10-07-2011, 01:06 PM   #55
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Millionaires (and Billionaires) are smarter, and by "smart" that doesn't have to mean their IQ. That could be their level of education, financial knowledge, and knowing what to do with their money and assets so they keep them. The rich generally know how to keep their money. The poor do not. And if you are poor and suddenly become rich, there is a good chance you will be poor again, because you lack the knowledge to know what to do with your money and assets.
I agree to some extent, but not entirely.

Say a hundred people come up with a way to bang credit cards... who is going to run with it and become rich? probably not the smartest or the most knowledgeable, the guy most likely to run with it is the one who lacks empathy.

Wealth is often down to a character trait (sometimes lack of) or a skill.

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Old 10-07-2011, 01:24 PM   #56
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I agree to some extent, but not entirely.

Say a hundred people come up with a way to bang credit cards... who is going to run with it and become rich? probably not the smartest or the most knowledgeable, the guy most likely to run with it is the one who lacks empathy.

Wealth is often down to a character trait (sometimes lack of) or a skill.
The guy who knows what to do with the money he makes is going to end up in the best situation.

Anyone can make money, some obviously know how to make more than others, but it's what you do with it that matters.
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Old 10-07-2011, 01:34 PM   #57
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So they got rich by hard work and being lucky?

You have no idea what "wealth" or "value" means, or that it is not a Zero Sum game, do you..... There is NOT a fixed amount of wealth in the world. If one person has more it does not mean that someone else has less, (unless they are a government, and can take it by force). It is created by the creation of new products, or services, or the improvement of current ones, in a way which has value to others.


Never mind. If you don't understand these basic concepts, then this will take WAY too long to explain to you.



Best of luck with your life though!!



.
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Old 10-07-2011, 01:40 PM   #58
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I don't get it either. Taxing the people who kick ass in life simply because they are smarter and richer than others, is unfair.

Personally, I hope all the rich pack up and leave and ship their business' over seas. I'm sure there are plenty of countries who would welcome them and their business with open arms.

If you're poor or lost your house, sorry about your luck. You should have made better choices in life. I could be homeless tomorrow, and if I am, it is because I didn't cover my ass to prevent such a thing from happening, and I'd have no one to blame but myself.
ehhh? SMARTER? yeah, in milking YOU! BILLIONS have been pumped into those SMARTass banks that hosed YOUR economy and yet not one cent more has been spend for education, childcare or anything SOCIAL ... sure, those bankers REALLY deserve all the green for what they have achieved - TAKING OVER YOUR FUCKING SYSTEM IS WHAT THEY DID!

99% FTW
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Old 10-07-2011, 01:42 PM   #59
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You have no idea what "wealth" or "value" means, or that it is not a Zero Sum game, do you..... There is NOT a fixed amount of wealth in the world. If one person has more it does not mean that someone else has less, (unless they are a government, and can take it by force). It is created by the creation of new products, or services, or the improvement of current ones, in a way which has value to others.


Never mind. If you don't understand these basic concepts, then this will take WAY too long to explain to you.



Best of luck with your life though!!



.
One billion dollars isn't more "valuable" than one million dollars? Interesting, but okay.

I was questioning your "smart" comment. I believe that the average "wealthy" person is "smarter" than the average non-wealthy person. You disagree. I have to admit this is one of the first times I've ever heard a "pro-wealth" person argue that wealthy people are not smart.

You seem to often get into "debates," make a statement, get challenged on said statement, come back with a reply insinuating that the challenger is stupid and you don't have the time to explain what you meant in your initial vague statement. It's interesting, particularly when I typically agree with about 80% of what you say and then you turn around and insult me because I questioned your initial vague statement.

By the way, thanks for being concerned about my life. Every year gets a little better.
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Old 10-07-2011, 01:47 PM   #60
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mansef got incredibly wealthy of user uploaded content, but with as much money as they have, they are not in the elite who really control this planet.
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Old 10-07-2011, 01:47 PM   #61
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One billion dollars isn't more "valuable" than one million dollars? Interesting, but okay.

I was questioning your "smart" comment. I believe that the average "wealthy" person is "smarter" than the average non-wealthy person. You disagree. I have to admit this is one of the first times I've ever heard a "pro-wealth" person argue that wealthy people are not smart.

You seem to often get into "debates," make a statement, get challenged on said statement, come back with a reply insinuating that the challenger is stupid and you don't have the time to explain what you meant in your initial vague statement. It's interesting, particularly when I typically agree with about 80% of what you say and then you turn around and insult me because I questioned your initial vague statement.

By the way, thanks for being concerned about my life. Every year gets a little better.
LOL Fair enough. Apparently we BOTH are misunderstanding each other. When you say "outsmart", it implies that they are doing something underhanded and "tricking" the next poor guy in order to gather their wealth.

Note:

outsmart  [out-smahrt]
Part of Speech: verb
Definition: outwit
Synonyms: baffle, bamboozle, beat*, bewilder, cap, cheat, circumvent, con, confuse, deceive, defeat, defraud, dupe*, end run, fake out, figure out*, finagle, fox, goose, gull, gyp, have, hoax, hoodwink, jip, juke, lead astray, mislead, outdo, outfox, outgeneral, outguess, outjockey, outmaneuver, outthink, overreach, swindle, take in, top, trick, worst


If you actually meant that they were smarter, then I totally misunderstood, and retract the snarkyness of my tone.


And in regarding your 1 billion dollars, having more value than 1 million, intrinsically, it does not. Currency is an established means where by we have agreed to MEASURE the wealth and value that we have created and gathered. It is not wealth or value in and of itself.


.


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Old 10-07-2011, 01:51 PM   #62
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snarky tone, snarky comment, snarky tone, snarky comment, snarky tone, snarky comment... snarky snarky snarky snarky

.



I've never considered "outsmart" to mean something underhanded. Smart is just that. Smart. Outsmart means to act in a more clever way.

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Old 10-07-2011, 01:53 PM   #63
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I've never considered "outsmart" to mean something underhanded. Smart is just that. Smart. Outsmart means to act in a more clever way.

Sure, but did you take note of the Thesaurus entry I put there for "outsmart"? I can't be blamed for thinking that way, can I?


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Old 10-07-2011, 01:55 PM   #64
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You have no idea what "wealth" or "value" means, or that it is not a Zero Sum game, do you..... There is NOT a fixed amount of wealth in the world. If one person has more it does not mean that someone else has less, (unless they are a government, and can take it by force). It is created by the creation of new products, or services, or the improvement of current ones, in a way which has value to others.

Never mind. If you don't understand these basic concepts, then this will take WAY too long to explain to you.

Best of luck with your life though!!

.
it's not that hard to explain actually...

person A has an apple, person B has $1...
person B buys an apple from person A for a $1...

after that transaction, person A becomes financially wealthier by $1...
but in reality, both parties become "wealthier" in a sense that they both become better off...
after all, the transaction wouldn't have taken place if it didn't make both parties better off...
(person A values $1 more than an apple, while person B values an apple more than $1, so if they trade "wealth" gets created)


same logic follows when trying to understand how those evil billionaires got rich...
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Old 10-07-2011, 02:12 PM   #65
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Sure, but did you take note of the Thesaurus entry I put there for "outsmart"? I can't be blamed for thinking that way, can I?


.
You can be blamed if English is your native language. There is a difference between an academic list of "possible correct uses" and "common usage"
;)
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Old 10-07-2011, 02:29 PM   #66
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ehhh? SMARTER? yeah, in milking YOU! BILLIONS have been pumped into those SMARTass banks that hosed YOUR economy and yet not one cent more has been spend for education, childcare or anything SOCIAL ... sure, those bankers REALLY deserve all the green for what they have achieved - TAKING OVER YOUR FUCKING SYSTEM IS WHAT THEY DID!

99% FTW
Those who got away with all of that, are smart fucking people. Smarter than you and I.
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Old 10-07-2011, 02:41 PM   #67
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same logic follows when trying to understand how those evil billionaires got rich...
Almost... the difference is they never created an apple, never owned one, grew it, purchased it, or actually did anything related to it... however they did profit on the speculation that you will continue to buy apples, create a fake demand for them, make the cost go up locally but not globally, so now you have to spend more to get the same apple, while they make more money from the forced price increase due to larger transfers of money.
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Old 10-07-2011, 02:44 PM   #68
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While all of that is true, there are levels of rich. I think Chris Rock was the one who said, there is rich and then there is WEALTH. The people you speak of, the real movers and shakers in the world, have wealth. Rich is open to interpretation, but none of us here are wealthy. However, you can bet that a few more years of this and a lot more of us will be heading towards being poor.

My own personal financial definition of "rich" would be not having to worry about money. Ever. You set yourself up right and money is now of no concern. Then you are financially rich.

Poor would be when you are stressing about where your next $100 is going to come from, or you are struggling to make ends meet, if you can make them meet at all.

Oh very true... rich in this case is well past anyone in our Industry. For me it's those that are so wealthy that illegal / criminal activities don't touch them, that the money/power they have influences law and regulations, to benefit them... while taking our money to pay for the mistakes they made....

That's power, that's wealth... that's the real problem with this country!
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Old 10-07-2011, 02:45 PM   #69
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Almost... the difference is they never created an apple, never owned one, grew it, purchased it, or actually did anything related to it... however they did profit on the speculation that you will continue to buy apples, create a fake demand for them, make the cost go up locally but not globally, so now you have to spend more to get the same apple, while they make more money from the forced price increase due to larger transfers of money.
who is "they" that you are referring to?
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Old 10-07-2011, 02:52 PM   #70
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who is "they" that you are referring to?
Who do you think they is?

Only one group of people, they, could be - it's not hard to figure out.
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Old 10-07-2011, 03:03 PM   #71
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Who do you think they is?

Only one group of people, they, could be - it's not hard to figure out.
It's not actually THAT clear... you mean the financial industry?
You are right, they haven't created any physical product or sold it, etc...

but they create "wealth" in a similar way that for example a traffic broker in the online industry does...or google does... google hasn't created any content, all they did was hire some geeks to write some algorithms to make it accessible to the masses...

bottom line is, no matter what business or industry you are referring to, they all got rich because they sold a valuable product/service...
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Old 10-07-2011, 03:07 PM   #72
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It's not actually THAT clear... you mean the financial industry?
You are right, they haven't created any physical product or sold it, etc...

but they create "wealth" in a similar way that for example a traffic broker in the online industry does...or google does... google hasn't created any content, all they did was hire some geeks to write some algorithms to make it accessible to the masses...

bottom line is, no matter what business or industry you are referring to, they all got rich because they sold a valuable product/service...
Some are in the financial industry... some are in other industries, however they is who is controlling everything. They are who took your tax dollars, got bailed out, took a bonus, told you to fuck off, stole 1/3 of the countries wealth, and got away with it fully, while lobbying the gov to relax the rules even more.....

They do not create wealth, they move it and profit on other peoples wealth.

Creation wise, they create new ways to manipulate the money flow for profit.

Google actually created something.

No, they got rich from criminal activities and manipulation... and I bet if they were poor, you would be screaming that they get held accountable for it, but being that aren't, it's just business, right?
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Old 10-07-2011, 03:08 PM   #73
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mansef got incredibly wealthy of user uploaded content, but with as much money as they have, they are not in the elite who really control this planet.
This... The problem is not those who run/create businesses, but the billionaires created by systemic corruption and financial industries who's sole purpose is to squeeze money from the population by any means possible.
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Old 10-07-2011, 03:12 PM   #74
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Note: Our capital markets should be preforming the function of connecting investors with productive businesses to invest in.

Right now, it's a bloody casino and everybody knows it. House always wins ;)
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Old 10-07-2011, 03:19 PM   #75
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please explain to me how spending hours on gfy explain how the "elite" are fucking you over is going to change anything?

So many intelligent people on here just wasting time.
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Old 10-07-2011, 03:19 PM   #76
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Some are in the financial industry... some are in other industries, however they is who is controlling everything. They are who took your tax dollars, got bailed out, took a bonus, told you to fuck off, stole 1/3 of the countries wealth, and got away with it fully, while lobbying the gov to relax the rules even more.....

They do not create wealth, they move it and profit on other peoples wealth.

Creation wise, they create new ways to manipulate the money flow for profit.

Google actually created something.

No, they got rich from criminal activities and manipulation... and I bet if they were poor, you would be screaming that they get held accountable for it, but being that aren't, it's just business, right?
it's difficult to discuss how "they" are the problem, if we haven't even established who "they" are or what exactly you think they are doing that's criminal...

"They do not create wealth, they move it and profit on other peoples wealth.
Creation wise, they create new ways to manipulate the money flow for profit."

Can you provide some specific examples of what you mean?
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Old 10-07-2011, 03:22 PM   #77
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please explain to me how spending hours on gfy explain how the "elite" are fucking you over is going to change anything?

So many intelligent people on here just wasting time.
Because the protest isn't until the 15th here?

And how does not telling others, explaining the situation, etc, not help change things?

Personally, I find a little balance is the key, post a little, work a little, protest a little... too much of one thing becomes boring rather quickly.
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Old 10-07-2011, 03:27 PM   #78
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it's difficult to discuss how "they" are the problem, if we haven't even established who "they" are or what exactly you think they are doing that's criminal...

"They do not create wealth, they move it and profit on other peoples wealth.
Creation wise, they create new ways to manipulate the money flow for profit."

Can you provide some specific examples of what you mean?
It's really that hard to talk about who 'they' are? We have to actually define them, show a list, so your brain can understand who 'they' are when 'they' have been in the news almost every day for the last 4 years? Along with criminal accusations, even politicians saying 'they' need to be held accountable, that the investigation it was total shit?

If you're not up on what's going on, I truly can't sit here and explain it to you on a forum, you're just going to have to look it up. It would take me about a week to verbally explain it to you, let alone type it out, and I would still miss 1000's of details.

AIG is a prime example of manipulation of money flow.
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Old 10-07-2011, 03:29 PM   #79
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wow, look at the rabble all gather 'round with their idiot ideas.
classic

wrong answer.

Lehman's

Now you name one.
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Old 10-07-2011, 03:30 PM   #80
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Old 10-07-2011, 03:34 PM   #81
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It's really that hard to talk about who 'they' are? We have to actually define them, show a list, so your brain can understand who 'they' are when 'they' have been in the news almost every day for the last 4 years? Along with criminal accusations, even politicians saying 'they' need to be held accountable, that the investigation it was total shit?

If you're not up on what's going on, I truly can't sit here and explain it to you on a forum, you're just going to have to look it up. It would take me about a week to verbally explain it to you, let alone type it out, and I would still miss 1000's of details.

AIG is a prime example of manipulation of money flow.
Then this is a problem. It's awful hard to go after someone that cannot be defined.

If it's CFO's of energy companies. Target.

CFO of energy broker companies. Target.

Top level management of steel companies. Target.

You can't change something that you can't define. Which is why this "movement" is going nowhere until somebody somewhere says "hey, let's take down Wall Street CEOs." Right or wrong, at least it's a target that everyone can focus on and create plans towards destroying. Until then, it's just a bunch of upset people who don't really know what they are upset about, they just know they're upset.

Defining a target does not take a week. It takes a few short words, example: Jamie Dimon.
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Old 10-07-2011, 03:42 PM   #82
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Then this is a problem. It's awful hard to go after someone that cannot be defined.

If it's CFO's of energy companies. Target.

CFO of energy broker companies. Target.

Top level management of steel companies. Target.

You can't change something that you can't define. Which is why this "movement" is going nowhere until somebody somewhere says "hey, let's take down Wall Street CEOs." Right or wrong, at least it's a target that everyone can focus on and create plans towards destroying. Until then, it's just a bunch of upset people who don't really know what they are upset about, they just know they're upset.

Defining a target does not take a week. It takes a few short words, example: Jamie Dimon.
No, the point was I'm not listing them.... if you're so far disconnected from what's going on and actually need someone to list them, then that person, probably shouldn't be posting here at all but rather out learning it...

and yes, it would take me weeks, with an S to list and list the 1000+ companies, 1000's of scams that took place, covering trillions of dollars in America, let alone world wide... across so many ceo's, board members, execs, etc. This is far from just a few people.

It would probably take me years, as it took years to build it up so they could do it.

I could spend a month on AIG alone, and another month on the companies related to them that allowed, build, and created the scam.

Truly, if anyone is confused on 'who' 'they' are, then they really should get out and start reading up, because no forum in the world is going to show you how fucked we are because of them.
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Old 10-07-2011, 03:46 PM   #83
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please explain to me how spending hours on gfy explain how the "elite" are fucking you over is going to change anything?

So many intelligent people on here just wasting time.
This is a good question scottybuzz

When I was youngster I'd regularly play Monopoly with my father, brothers and sisters. There was one cheat, the rest didn't know, he always wanted to be the banker, we were grateful to him as we saw that job as boring. He'd always win, even when you'd feel like you had done better. One day, I spotted him thieving money from the bank, he denied it, I told everyone else, but they wouldn't believe it (the cheat was our father). After I first called him out, others started to keep a closer eye on his banking, it wasn't long until others spotted similar thefts taking place. We then banned him from being the banker, he tried playing us again, but he couldn't win anymore and quickly lost interest; he never played Monopoly with us again.

My point is, if we had just focused on our own game and hadn't examined and discussed the bigger picture, we'd have kept on losing no matter how good our gaming strategy was.

If we don't keep an eye on the Elite/Bankers and share information with each other about them, then the losers will either be us or our descendants.
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Old 10-07-2011, 03:49 PM   #84
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It's really that hard to talk about who 'they' are? We have to actually define them, show a list, so your brain can understand who 'they' are when 'they' have been in the news almost every day for the last 4 years? Along with criminal accusations, even politicians saying 'they' need to be held accountable, that the investigation it was total shit?

If you're not up on what's going on, I truly can't sit here and explain it to you on a forum, you're just going to have to look it up. It would take me about a week to verbally explain it to you, let alone type it out, and I would still miss 1000's of details.

AIG is a prime example of manipulation of money flow.
There is a lot of noise and finger pointing in the media, I have yet to see any obvious signs of any widespread criminal activity or any signs of "them" trying to screw everyone... some actions that have been taken may seem criminal in hindsight, but when taken in context, they all made business sense...

There is likely some shadiness going on, "this asset is practically riskfree" is really no different than "we convert 1 in 50"... but stuff like that is pretty much par in any industry...
You are making it sound like "they" are plotting to screw everyone, I don't see any evidence of that..
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Old 10-07-2011, 03:49 PM   #85
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No, the point was I'm not listing them.... if you're so far disconnected from what's going on and actually need someone to list them, then that person, probably shouldn't be posting here at all but rather out learning it...

and yes, it would take me weeks, with an S to list and list the 1000+ companies, 1000's of scams that took place, covering trillions of dollars in America, let alone world wide... across so many ceo's, board members, execs, etc. This is far from just a few people.

It would probably take me years, as it took years to build it up so they could do it.

I could spend a month on AIG alone, and another month on the companies related to them that allowed, build, and created the scam.

Truly, if anyone is confused on 'who' 'they' are, then they really should get out and start reading up, because no forum in the world is going to show you how fucked we are because of them.
Crazy how you can be so vague, ambiguous and condescending,.. all while ignoring a short, concise and well articulated point which you are clearly unable to address directly.
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Old 10-07-2011, 03:51 PM   #86
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Put options. Put options. Put Options
When to buy what and when to sell? Please en-light us.
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Old 10-07-2011, 03:53 PM   #87
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There is a lot of noise and finger pointing in the media, I have yet to see any obvious signs of any widespread criminal activity of any signs of "them" trying to screw everyone... some actions that have been taken may seem criminal in hindsight, but when taken in context, they all made business sense...

there is like some shadiness going on, "this asset is practically riskfree" is really no different than "we convert 1 in 50"... but stuff like that is pretty much par in any industry...
AIG was pure all out fraud, scams, lies, manipulation, deception, speculation, and set to win even in a gain or loss, a win win for them either way - while shit tons of people took a massive loss, all money sucked away, nothing given back..

It was pure criminal activity, nothing more, nothing less... and it's only one of many many many examples, and even many many many related subsidiary companies that also took part, and even duplicated it.

Business sense? They took your fucking money and gave it to them, after they frauded everyone, then paid themselves out of that money too, that makes business sense to you?

So if you did that, you wouldn't be in jail? Righttttttttt.....
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Old 10-07-2011, 03:54 PM   #88
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This is a good question scottybuzz

When I was youngster I'd regularly play Monopoly with my father, brothers and sisters. There was one cheat, the rest didn't know, he always wanted to be the banker, we were grateful to him as we saw that job as boring. He'd always win, even when you'd feel like you had done better. One day, I spotted him thieving money from the bank, he denied it, I told everyone else, but they wouldn't believe it (the cheat was our father). After I first called him out, others started to keep a closer eye on his banking, it wasn't long until others spotted similar thefts taking place. We then banned him from being the banker, he tried playing us again, but he couldn't win anymore and quickly lost interest; he never played Monopoly with us again.

My point is, if we had just focused on our own game and hadn't examined and discussed the bigger picture, we'd have kept on losing no matter how good our gaming strategy was.

If we don't keep an eye on the Elite/Bankers and share information with each other about them, then the losers will either be us or our descendants.
spot on. Look at the names i quoted on 12clicks question "Please, dopey, name one of the blood suckers".
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Old 10-07-2011, 03:56 PM   #89
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If only people minded their own fucking business and their own wallets.
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Old 10-07-2011, 03:57 PM   #90
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spot on. Look at the names i quoted on 12clicks question "Please, dopey, name one of the blood suckers".
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Old 10-07-2011, 04:05 PM   #91
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AIG was pure all out fraud, scams, lies, manipulation, deception, speculation, and set to win even in a gain or loss, a win win for them either way - while shit tons of people took a massive loss, all money sucked away, nothing given back..

It was pure criminal activity, nothing more, nothing less... and it's only one of many many many examples, and even many many many related subsidiary companies that also took part, and even duplicated it.

Business sense? They took your fucking money and gave it to them, after they frauded everyone, then paid themselves out of that money too, that makes business sense to you?

So if you did that, you wouldn't be in jail? Righttttttttt.....
I'm not familiar with specifics, and I bet you neither are you... but the fact is they were a successful company providing valuable financial services for close to 100 years before they collapsed... how do you explain that?
a. they were running a fraud operation for 100 years?
b. last ceo is a shady fuck that turned the company into a shady operation only recently?
c. they were too "leveraged" and when values of certain assets they held dropped too much they collapsed?

all your posts just contain vague claims, you haven't posted any specific facts yet...
Can you spell out why you think AIG was a fraud operation?
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Old 10-07-2011, 04:15 PM   #92
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Rich get rich by outsmarting others?

That's the biggest load of claptrap in history, written by someone that doesn't even understand the most basic economic theory, or how wealth is created.



.


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written by someone WHO doesnt even understand the most basic grammar. and you expect me to believe you have ever read a book about economy ?
dont even waste my time..
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Old 10-08-2011, 01:27 AM   #93
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Oh very true... rich in this case is well past anyone in our Industry. For me it's those that are so wealthy that illegal / criminal activities don't touch them, that the money/power they have influences law and regulations, to benefit them... while taking our money to pay for the mistakes they made....

That's power, that's wealth... that's the real problem with this country!
The untouchables.
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Old 10-08-2011, 05:06 AM   #94
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I'm not familiar with specifics, and I bet you neither are you... but the fact is they were a successful company providing valuable financial services for close to 100 years before they collapsed... how do you explain that?
a. they were running a fraud operation for 100 years?
b. last ceo is a shady fuck that turned the company into a shady operation only recently?
c. they were too "leveraged" and when values of certain assets they held dropped too much they collapsed?

all your posts just contain vague claims, you haven't posted any specific facts yet...
Can you spell out why you think AIG was a fraud operation?
Oh I know enough, and Google knows even more, you should try using it...

Why do I need to explain it and what does it matter?

a) Never said they were.
b) Not only the ceo is going down for this.
c) No

Because I find it funny that you're kind half claiming that AIG hasn't done anything wrong because I won't spell it out for you.

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Old 10-08-2011, 05:08 AM   #95
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I'm not familiar with specifics, and I bet you neither are you... but the fact is they were a successful company providing valuable financial services for close to 100 years before they collapsed... how do you explain that?
a. they were running a fraud operation for 100 years?
b. last ceo is a shady fuck that turned the company into a shady operation only recently?
c. they were too "leveraged" and when values of certain assets they held dropped too much they collapsed?

all your posts just contain vague claims, you haven't posted any specific facts yet...
Can you spell out why you think AIG was a fraud operation?
It has been for at least six years
AIG's Six Year Saga Of Alleged Fraud
http://www.huffingtonpost.com/2009/0..._n_178545.html
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Old 10-08-2011, 05:12 AM   #96
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It has been for at least six years
AIG's Six Year Saga Of Alleged Fraud
http://www.huffingtonpost.com/2009/0..._n_178545.html
Dammit grumpy..... it's way better to string them along.
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Old 10-08-2011, 05:20 AM   #97
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Suppose that every day, 10 men go out for beer and the bill for all 10 comes to $100?

If they paid their bill the way we pay our taxes, it would go something like this?

The first 4 men (the poorest) would pay nothing.

The 5th would pay $1.

The 6th would pay $3.

The 7th would pay $7..

The 8th would pay $12.

The 9th would pay $18.

The 10th man (the richest) would pay $59.

So, that?s what they decided to do..

The 10 men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. ?Since you are all such good customers,? he said, ?I?m going to reduce the cost of your daily beer by $20″. Drinks for the 10 men would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes. So the first 4 men were unaffected. They would still drink for free. But what about the other 6 men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share?

They realized that $20 divided by 6 is $3.33. But if they subtracted
that from everybody?s share, then the 5th man and the 6th man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man?s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the 5th man, like the first 4, now paid nothing (100% saving).

The 6th now paid $2 instead of $3 (33% saving).

The 7th now paid $5 instead of $7 (28% saving).

The 8th now paid $9 instead of $12 (25% saving).

The 9th now paid $14 instead of $18 (22% saving).

The 10th now paid $49 instead of $59 (16% saving).

Each of the 6 was better off than before. And the first 4 continued to drink for free. But, once outside the bar, the men began to compare their savings.

?I only got a dollar out of the $20 saving,? declared the 6th man. He pointed to the 10th man,?but he got $10!?

?Yeah, that?s right,? exclaimed the 5th man. ?I only saved a dollar too. It?s unfair that he got ten times more benefit than me!?

?That?s true!? shouted the 7th man. ?Why should he get $10 back, when I got only $2? The wealthy get all the breaks!?

?Wait a minute,? yelled the first 4 men in unison, ?we didn?t get
anything at all. This new tax system exploits the poor!?

The 9 men surrounded the 10th and beat him up.

The next night the 10th man didn?t show up for drinks, so the 9 sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn?t have enough money between all of them for even half of the bill!
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Old 10-08-2011, 05:36 AM   #98
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The whole revolution thing sounds so uninventive nowadays ...
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Old 10-08-2011, 05:43 AM   #99
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Funny pic either way, but wrong corporations.... it kinda makes me sad that someone actually created this.
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Old 10-08-2011, 05:52 AM   #100
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and all that stuff is financed by banks. They forgot to mention that in the pic.
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