this bernie is jewish too......he could be dying....... jail is hard time if your from the rich class of people............the poor people have no problem in jail.......all their freinds are there.......
Let's see. At about 70 years of age, he was given a 150 year sentence. Does he really think that he was meant to ever see the outside world again except from the inside of his coffin?
Then he dies in prison. Normally I am not a fan of big jail sentences for non-violent crimes, but he caused permanent harm to so many people that I don't really care about his suffering. I doubt that any judge is going to want to hear it either.
President Donald Trump has turned our nation's economy into a ponzi scheme!
No Witnesses = No Trial = No Acquittal
There is no program, no policy, no ideology and certainly no philosophy, back of Trump's economics. It is just a spoils system, nothing new about it either.
He, his wife, any sons or daughters employed in the family business should have been forced to sell everything at auction to repay his victims. He should be made to work minimum 40 hours with 100% of his earnings beings deposoted into an interest bearing fund to repay his victims. Should he refuse to work, put him insolitary. Under no circumstances should he be eligible for any kind of early release or parole until his victims are made fully whole - including interest.
I vote NO
He's already in prison equivalent of hospice care:
>Madoff last summer was moved into palliative care in the Federal Medical Center prison in Butner, N.C., ...Madoff has refused to undergo dialysis treatment and is confined to a wheelchair, the lawyer, Brandon Sample, wrote.<
Also >Sample wrote, “Madoff does not dispute the severity of his crimes nor does he seek to minimize the suffering of his victims. Madoff has expressed remorse for his crimes.”<
Not to my knowledge. He may have voiced the inadequate social throw-away line 'I'm sorry' but he's never fully apologized and taken personal responsibility for the serious problems he's caused others.
What Madoff did was wrong. But those who promote individual retirement via the stock market are also wrong. And this starts with DJT and the Republican Party.
@SJG
Lets me ask you a legitimate question , it has nothing to do with your privacy or anything to do with your personal life,, it's simply this :
How do you propose for people that do not have pensions, or any other other means of funding their lives exist, in the here and now, S.S. is not enough to keep most people in their homes once they're working days are over, other than SSI which is just another form of welfare, and not available until you have exhausted all of your funds, don't offer up your hypothetical solutions, UBI is not available at this point, what do you propose to do, to be able to take care of these people in the here and now?
Well we should expand and increase the levels for S.S. and SSI, and do this right now!
If people have other money, fine. If they do not, still okay,
More efficient as a society to be providing for people's needs from current tax revenues, than via savings plans. Savings plans tie up money.
And then as they say about 50% of Americans would be behind in rent or mortgage if they lost two pay checks. And they also do not have funds to come up with $500 for an emergency. And a local politico who teaches at junior college says that 80% say they are very hard pressed to have to purchase a $90 text book. One community college has a program where if you donate 10x cans of food, you can borrow a text book from the library for a whole semester. The cans of course are to feed the needy.
CSU San Jose has 4300 homeless students, the vast majority being employed. UCLA has had to set up its own homeless shelter for its students.
And then when many complete college they are loaded up with debt, a special kind of debt which does not allow the Medieval custom of Bankruptcy. So they often find themselves forced into the financial underground.
Our System Does Not Work and Trump and the Republicans Are Making It Worse.
Social Security was the right way, and it should be strengthened and expanded, until we are ready to replace it with UBI, and a fixed cost public housing option.
And of those who promote the stock market, well for many they have no extra money anyway. We have people here written about in the newspapers who have 2 and 3 jobs, but still end up just being able to rent someones living room sofa.
The stock market is just a glorified version of casino gambling. Fund managers set the prices, and there is almost no way you could know more than they do. It is a game rigged for the house, and that is the rich and these funds.
The mathematical expectations are that you will do far better putting your money into the ventures you and you associates start. And that way you also get most valuable experience and you build up a trusted and known team. This is what I am working on now.
You can't just call poor people losers and write them off. Unfair, does not work, and it will eventually lead to a violent revolution where bodies are piled up like cord wood.
Lyndon Johnson was correct with his War On Poverty, and Franklin Roosevelt was correct with Social Security, being paid out of current tax revenues.
Problem started when Reagan got in and he gutted our Keynessian Taxation and gave tax breaks for 401k and IRA, and then this Retirement Industry got started and political support for Social Security continues to be undermined.
Good is our Earned Income Tax Credit, signed into law by Reagan, and it can be refundable, and then expanded by Clinton. That should be expanded into a UBI system run through the system which distributes Food Stamps.
Don't ever want to make UBI needs tested, that would ruin it. But if we want to phase it in and get the money re-circulating, then we could start it off being age tested, like for age 65 and over for the first 2 years. You get which ever would have been larger, your UBI or your Social Security, but not both.
Then lower the eligibility age by 5 years every 2 years. This will let our society finally enjoy the Technology Dividend and the Cold War Dividend.
You aren't answering my actual question, you can't just shoot across the board and say the stock market is gambling, I have made a large amount of money from trading sensible stocks and continue to be invested, some types of investing are gambling, but most are not, what is wrong with loaning a successful business person with a proven plan, seed money, and owning a part of that business, for a long run, profits are returned to investors in the form of both increases in share price and dividends, no investors then the business will not be able to execute any but the most rudimentary of plans, and will not be in a position to contribute to society either taxes, jobs or goods, you really need to modify your thinking, people need solutions that are available here and now, implementing UBI or any other systems will not do a thing if those programs are not enacted, and even if they are it will take some time before the folks that need benefits will get anything. My way people are proactively preparing, which is responsible, everyone cannot reasonably run their own business, your way leaves them on the street with no support system, my way helps those that are willing to help themselves, those that sit around waiting don't deserve nor will the get any support from me.
But of your sensible stocks you do not have any info of them of predictive value. The info you have is merely justification for the current pricing.
So these stocks have gone up cause of the Reagan - Trump cuts to taxes on upper incomes.
If there was a way of knowing that tomorrow's price would be with any certainty, then that would also be today's price.
The Fund Managers do far more extensive computer analyses than you or I or FTS ever could. It they think there is money top be made, then they start putting money in. And their trades are so large that they do move the prices. They keep going 'till their computers tell them it is better to put the money elsewhere.
And then the inverse, if it looks like it is over priced.
You have no info which gives you a claim to know more than these fund managers do.
The STOCK MARKET IS A PONZI SCHEME.
And besides starting your own business means you make it work, you and close associates. The upside could by over 1000x in just a few years. And mom and pop businesses only rarely fail, relative to Venture Capitalist funded businesses.
People go to the stock market for the same reason they go to casinos.
Most stock movement is due to changes in Price to Earnings. And then since people live off of the stock market, in bull times, this factors back into the balance sheets too. But it is still all one big ponzi scheme.
Out economy is Demand Limited, not supply limited. And there is nothing which increases demand in play. So it is a zero sum game, having been made into a Ponzi Scheme.
What increases demand is Keynessian progressive taxation, and gov't spending in employment, contracting, and benefits programs.
Common sense and experience informs my decisions, My understanding of the businesses gives me a predictive ability, that is proven by the facts (most of my stock picks make money) there are fundamentals that need to be researched, it is not a Ponzi scheme although as Maddoff shows there are , quite a few Charles Ponzi's out there. Unfortunately many are scammed by false claims, it is a given that if it seems too good to be true it is, but if you stick with the fundamentals, rely on your education and common sense, you can do as well as most and better than many, over the long term the stock market has made more people winners than losers, that isn't gambling, very few walk out of a casino with a profit, unlike our markets most folks end up with more than they started with.
the rest of your assertions are false, most businesses do fail within 3-5 years, V.C.s actually do better than Mom-Pops you aren't relying on facts you are making up assertions as you go, if you would like to succeed in the capital markets get educated, you don't instinctively know how to invest, nobody does, If you just want reasonable returns the markets are available manage your expectations or else it's just gambling, enter wisely the odds favor you in the long run, unlike the dice or the cards the capital markets do not need to be a casino.
You think you know more than the Hedge, Pension, and Insurance Fund Managers? You have no basis for saying this. You think they don't know how to use the Ouija Board just as well as you do?
Ponzi Schemes take in money cause people see that the current investors are getting money, but it is really just these new people's money.
Our economic demand mostly does not increase. Actually, an increasing portion of our industries only serve the needs of the rich, a smaller and smaller porting of the population.
90% of Kliener Perkins start ups fail. But the VC's do not care, cause the other 10% do very well. And so those who invest in their KP funds, $1 million minimum, do better than they otherwise would. But the VC's are skewing the startups, only wanting to fund these things with open ended and explosive upsides. But this increases the risks.
The VC's dole out lavish funding because they are trying to reach short term perceived market windows.
Mom and Pops do it totally different. The yields to generic fund investors would be lower. But this is irrelevant since they don't take in money that way. They are in it for the long term. They spend money much more carefully. If they are delivering a product or service, almost impossible to shut them down. They hold on.
50% of Americans have no discretionary money. What they should have is a single payer 100% secure and fully cost of living adjusted retirement income, including a public housing option.
It was this way before Reagan, it can be like this forever, as it really has to be.
When Obama came in Dow was $6000, when he left it was $18000.
In the next crash then the Dow could go down to $6000.
Risk of Nuclear War Rises as U.S. Deploys a New Nuclear Weapon for the First Time Since the Cold War (low yield bomb, the infamous Neutron Bomb, making people think nuclear war is winnable and thinkable)
You are not informed very well at all I don't need to know more than those folks I'm not buying the entire market just carving out a niche that works for me, and as far as that goes I've been invested for over 30 years and I'm still very far ahead, you are just very uninformed, and instead of addressing my specific question you have tried to digress into a discussion on the merits of the market, I am asking you very simply how do you help people to help themselves considering that your vaunted social programs just don't exist in any real way, do you really believe that handing out loaves of bread is the means to self sustenance, and reliance on the kindness of strangers is a smart way of life.
"I'm not buying the entire market " but they look at every issue which is public, open to your consideration. And they do principle axis analysis using parallel processing array computers.
You could do far better putting your money into things you and your associates run.
Help people help themselves, well the first thing when you realize you are in a hole is to stop digging. 50% of Americans have no such money to play games with.
Communalism and pooling talents on business creation and on obtaining employment are good.
People need Political Consciousness, not to be duped into going along with the lies of the Financial Literacy Boosters.
I have done very well in things which I run, but I have made even greater profit in the public markets I was able to expose the capital I earned in my own endeavors to other folks that had other ideas, and I have also been in real estate markets and have some exposure to private equity as well, when I sell my business which will be soon I have no worries, I have been fortunate in my life, I hesitate to use the word lucky because I'm a firm believer tha you make your own luck by what you do,
Have a good night I have a date whom I am heading out to meet.
Well, the first was tenacity, ability, and hard work.
The latter was just a public ponzi scheme brought to you by the federal government, and at public expense. It will crash.
The Real Estate Market is less risky, usually.
But you can't pitch this as helping people help themselves, 50% of the population have no such money for such. Financial Literacy is a political indoctrination movement.
Locally we have NGO's which help people start small businesses, and which help people get jobs, or learn how to fuction in the gig economy.
The real solution is the one we have to addopt, Social Democracy.
^^^^ Also 25, if you had money to put into the stock market and into real estate, that might have been better used to expand your business or to start additional businesses.
It is simply a matter of deciding that you are going to invest in yourself and in your own ventures.
I read about Elon Musk. I don't see that he would ever have put money into the general stock market, or into real estate "investments" either. He puts his money into his own stuff.
First company, P2P, gave him $22 Meg in just about 3 years, where he would only have had about 2k to put in. 10,000 multiplication.
Why would he want to tie up money in other people's stuff, stuff that we really cannot know anything about.
I have not yet read about Richard Branson, but I believe it will be the same.
Supply Side is a scam. There is no public interest in a high stock market. It is just an upwards wealth siphon. If you add to it, you are actually hurting yourself, as well as missing zillions of better opportunities.
@SJG He has a large stake in Paypal no ownership, small stake in Surrey Sattelite no ownership, Solar City, Mahalo.com,, Stripe, Among other companies, he has investments in AI, battery companies and quite a few others, both startups, and established businesses. You really don't know what you are talking about, I think it would be smarter to listen instead of just guess, the information is out there if you wish to find it, but by taking WAGs you are the same as those you are criticizing.
So it sounds like Musk only has money in his companies, or things which closely connect to them and which he thus has a business interest in being able to partner with. But not just trying to us stock or real estate to make money, rather just trying to make his companies go.
Musk is smart.
The idea of putting money in the stock market for other people, it is SILLY! And our government should not be continuing to support such a Ponzi Scheme.
^ Explain Paypal come on SJG give it a rest, there are a whole list of ventures that failed, really open your mind a bit, expand your horizon. I'm not going to go on all night, I'm just going to tell you, all of these guys you are admiring, Musk, Branson, Cuban etal,,,,, all are true capitalists at heart, if they see a buck they try to exploit it as best as they can,
^ OK believe what ever you like, it doesn't make you right to repeat misinformation over and over it just makes you the same as what you are criticizing.
^ I'm tired and I've worked long enough and hard enough, I like making money especially when someone else is doing all of the work, I want to enjoy other aspects of life while my health and abilities are good, does that answer your question cause that's the best I've got.
And there is no way you could have any predictive knowledge of anything listed in the stock market.
Basically once you become a Successful Entrepreneur, then you can become a Successful Serial Entrepreneur. And then you can become a Successful Venture Capitalist.
This is the plan I am following.
As far as the stock market, no one who puts money into it is innocent. When the bubble breaks, innocent people will lose their jobs and their businesses. So the sooner it collapses the better, the less innocent people hurt.
@twentyfile: I've made money in the stock market by paying attention, buying what I know, and staying away from things I don't know about.
@SJG: You lie! You can't possibly be telling the truth because the stock market is pure chance gambling! It must be so because I can't figure it out, and if I can't, then you certainly can't, because I'm smaart and you are as stupid lying liar.
Madoff made millions and more by cheating people out of their retirements, their pensions, and their savings. He ruined lives. He probably cut some of those lives short because he stole the assets they would have used for health care.
He deserves to be assfucked repeatedly with a baseball bat wrapped in rusty barbed wire, and afforded the best possible health care in perpetuity so that he can continue to be ass fucked with a barged wire wrapped baseball bat for the rest of his life. In fact, sell tickets to the ass fucking, and use the proceeds to pay back what he owes.
There is no predictive knowledge about the stock market, and "paying attention" doesn't do it either.
But with our own ventures and those run by close associates, that is an entirely different situation.
We have today this Ponzi Stock Market because the gov't uses its power to keep it going for political purposes. This economic fatalism is a cancer in our society.
@GMD I've pretty much done the same, and I must have some predictive ability regardless of SJGs protestations because I think I've done pretty well overall.
Not hard to predict what the stock market will do if our gov't keeps feeding it with tax cuts and deficit spending.
But on a given issue, what could you know that the fund managers do not know?
On Indexed funds, yes some support this and it makes sense. Gov't expenditure by several orders of magnitude, helps the well off, not the poor. The stock market today is Welfare for Millionaires.
@twentyfive. My bad, those things were supposed to be in quotation marks, i.e. satirical quotes of your "conversation" with the local village idiot. I don't even have to know what he said to know what he said.
But yeah, I agree. I've invested in a few things, following some advice I got from my very first employer:
1. Don't invest money you can't afford to lose. If you use the rent money to buy stock, you're fucked.
2. Invest in what you know. Do your research; it's a lot easier to smell bullshit if you know the business.
3. Don't be afraid to speculate a little if it's something you *really* love. Mine is space and tech, so I've got some money in spaceships and fusion research. :)
4. Diversify.
5. Index funds are your friend.
If this is advice from things you first employer has personal direct contact with, this could be good. But still better to invest in your own ventures.
What research you may do only gives you an explanation for the current pricing. Nothing of predictive value.
Index funds do have a logic too them. But remember, when Obama came in the Dow was at $6k. When he left it was at $18k. The day will come when this Ponzi bubble will break too, and it might go as low as $6k again.
Putting your money into your ventures is always best.
@GMD I did get your sarcasm the first time, but I actually knew folks that Invested with Maddoff, and even went to a party where he tried to sell a few of us, I walked out in the middle of his presentation and remarked to a friend that guy's gonna end up in jail, problem is he was pitching to a lot of wealthy widows, with no counter point added, but that was his con, there's a lot of con men out there, it behooves you to be smart about what is available, and the real rule of thumb is if it seems too good to be true, it probably is, don't ever lose sight of that and it'll be very difficult to con you.
A word to the wise about Index investing. Be aware that the S & P is right now very unbalanced with tech comprising about 25% of its value concentrated among'st only 5 firms, the situation needs to be watched very closely. I'm thinking the remedy might be funds where equal weight is given to all of it's components.
Stupid Jerkoff Guy uttered this nonsense: “ What research you may do only gives you an explanation for the current pricing. Nothing of predictive value.”
The fact that you can say something so utterly stupid proves beyond a shadow of a doubt that you’re not qualified to invest in the stock market or give anyone else advice about investing or to criticize their investing strategy.
The fund managers have more info and do more extensive computer simulations than you possibly could. The follow these simulations and take money from where it should best be taken from, and then put it into where is should best be put into. But their moves cause the prices to change.
Anything you might do is less comprehensive in analysis, and you know it after these fund managers have already put the info to use.
You are betting against the fund managers, and with noting factual on which to base this.
The stock market is just a Ponzi Scheme, and even if you do seem to gain, you are still adding to the creation of a wealth gap.
Always better to put your money into your own ventures, and things closely related, as Elon Musk does.
@twentyfive: wrt index funds, yeah. I was lucky in that regard. As I near retirement, I'm moving things out of the more volatile shit into more value oriented stuff.
@GMD it's important to remember what your reason for buying was and when the fundamentals change it's smart to reevaluate your situation, and in the last few years the weighted valuation of Google, Amazon, and Microsoft comprise more than 20% of the value of an Index (The S & P 500)comprised of 500 separate stocks that gives me cause for concern.
When we had more Keynessian Taxation, like before Reagan 70% and before Kennedy 90%, the stock market was more stable. But with the Reagan tax cuts it is all boom and bust. And it favors the big funds and the rich.
Starting your own ventures, very different situation.
Well Stupid Jerkoff Guy it’s obvious that some
Here have done quite well in stocks despite not having your confidence that it’s not possible. And repeating “you can’t do that” over and over again doesn’t make it false.
@twentyfive. Yep, and that’s why things are moving away from the more volatile stuff and into more conservative things. Not totally, I still have some stuff my advisor would like me to get rid of, but it’s a minor segment of my entire portfolio and I want to keep it. If I’ve done things right, some of this will be left over when I’m gone, and my kids will benefit.
I am a former stock analyst. It's true that there a lot of shady stuff happening, not to mention banks have squadrons of manpower and computers. 90 percent of fund managers generate no value but it is possible.
@prevert, don’t be silly. Don’t you know that repeating something often enough *makes* it the truth? Clearly you’re woefully behind the times, facts don’t matter anymore, only opinions.
People who have so much money that they don't know what to do with it, except to put it into a Federally Sponsored Ponzi Stock Market. That is why it is there, cause they don't know of anything this else to do with it. And they attack Social Security, cause that benefits everyone. They want a stratified two tier society, with the top being people who have more dollars than sense.
60 comments
No Witnesses = No Trial = No Acquittal
There is no program, no policy, no ideology and certainly no philosophy, back of Trump's economics. It is just a spoils system, nothing new about it either.
https://1.bp.blogspot.com/-eBcDOYFmqYA/W…
SJG
Electric Blues
https://www.youtube.com/watch?v=Wt4z3tr4…
Buddy Guy
https://www.youtube.com/watch?v=GQZ1cguJ…
Knock on Wood
https://www.youtube.com/watch?v=uRmy4AuR…
Put the request in that pile there, I'll get to it after I check my portfolio.
He's already in prison equivalent of hospice care:
>Madoff last summer was moved into palliative care in the Federal Medical Center prison in Butner, N.C., ...Madoff has refused to undergo dialysis treatment and is confined to a wheelchair, the lawyer, Brandon Sample, wrote.<
Also >Sample wrote, “Madoff does not dispute the severity of his crimes nor does he seek to minimize the suffering of his victims. Madoff has expressed remorse for his crimes.”<
Not to my knowledge. He may have voiced the inadequate social throw-away line 'I'm sorry' but he's never fully apologized and taken personal responsibility for the serious problems he's caused others.
SJG
Lets me ask you a legitimate question , it has nothing to do with your privacy or anything to do with your personal life,, it's simply this :
How do you propose for people that do not have pensions, or any other other means of funding their lives exist, in the here and now, S.S. is not enough to keep most people in their homes once they're working days are over, other than SSI which is just another form of welfare, and not available until you have exhausted all of your funds, don't offer up your hypothetical solutions, UBI is not available at this point, what do you propose to do, to be able to take care of these people in the here and now?
If people have other money, fine. If they do not, still okay,
More efficient as a society to be providing for people's needs from current tax revenues, than via savings plans. Savings plans tie up money.
And then as they say about 50% of Americans would be behind in rent or mortgage if they lost two pay checks. And they also do not have funds to come up with $500 for an emergency. And a local politico who teaches at junior college says that 80% say they are very hard pressed to have to purchase a $90 text book. One community college has a program where if you donate 10x cans of food, you can borrow a text book from the library for a whole semester. The cans of course are to feed the needy.
CSU San Jose has 4300 homeless students, the vast majority being employed. UCLA has had to set up its own homeless shelter for its students.
And then when many complete college they are loaded up with debt, a special kind of debt which does not allow the Medieval custom of Bankruptcy. So they often find themselves forced into the financial underground.
Our System Does Not Work and Trump and the Republicans Are Making It Worse.
Social Security was the right way, and it should be strengthened and expanded, until we are ready to replace it with UBI, and a fixed cost public housing option.
And of those who promote the stock market, well for many they have no extra money anyway. We have people here written about in the newspapers who have 2 and 3 jobs, but still end up just being able to rent someones living room sofa.
The stock market is just a glorified version of casino gambling. Fund managers set the prices, and there is almost no way you could know more than they do. It is a game rigged for the house, and that is the rich and these funds.
The mathematical expectations are that you will do far better putting your money into the ventures you and you associates start. And that way you also get most valuable experience and you build up a trusted and known team. This is what I am working on now.
You can't just call poor people losers and write them off. Unfair, does not work, and it will eventually lead to a violent revolution where bodies are piled up like cord wood.
Lyndon Johnson was correct with his War On Poverty, and Franklin Roosevelt was correct with Social Security, being paid out of current tax revenues.
Problem started when Reagan got in and he gutted our Keynessian Taxation and gave tax breaks for 401k and IRA, and then this Retirement Industry got started and political support for Social Security continues to be undermined.
Good is our Earned Income Tax Credit, signed into law by Reagan, and it can be refundable, and then expanded by Clinton. That should be expanded into a UBI system run through the system which distributes Food Stamps.
Don't ever want to make UBI needs tested, that would ruin it. But if we want to phase it in and get the money re-circulating, then we could start it off being age tested, like for age 65 and over for the first 2 years. You get which ever would have been larger, your UBI or your Social Security, but not both.
Then lower the eligibility age by 5 years every 2 years. This will let our society finally enjoy the Technology Dividend and the Cold War Dividend.
Good question, good civil discussion!
SJG
Rolling Stones - Gimme Shelter
https://www.youtube.com/watch?v=EoCCSh1F…
So these stocks have gone up cause of the Reagan - Trump cuts to taxes on upper incomes.
If there was a way of knowing that tomorrow's price would be with any certainty, then that would also be today's price.
The Fund Managers do far more extensive computer analyses than you or I or FTS ever could. It they think there is money top be made, then they start putting money in. And their trades are so large that they do move the prices. They keep going 'till their computers tell them it is better to put the money elsewhere.
And then the inverse, if it looks like it is over priced.
You have no info which gives you a claim to know more than these fund managers do.
The STOCK MARKET IS A PONZI SCHEME.
And besides starting your own business means you make it work, you and close associates. The upside could by over 1000x in just a few years. And mom and pop businesses only rarely fail, relative to Venture Capitalist funded businesses.
People go to the stock market for the same reason they go to casinos.
Most stock movement is due to changes in Price to Earnings. And then since people live off of the stock market, in bull times, this factors back into the balance sheets too. But it is still all one big ponzi scheme.
Out economy is Demand Limited, not supply limited. And there is nothing which increases demand in play. So it is a zero sum game, having been made into a Ponzi Scheme.
What increases demand is Keynessian progressive taxation, and gov't spending in employment, contracting, and benefits programs.
SJG
PBS NewsHour live episode, Feb 7, 2020 w/ Shields and Brooks, talk of economy and of Trump
https://www.youtube.com/watch?v=ID1mc0Hr…
Bertolucci's 1900, about what issues were at stake in the 20th Century, and are still at stake
https://www.youtube.com/watch?v=DzUAraaf…
Trump: It Was ‘Very Illegal’ For Nancy Pelosi To Rip His SOTU Speech: ‘She Broke The Law’ | MSNBC
https://www.youtube.com/watch?v=ny-UrqRO…
DAVID CAY JOHNSTON: LIVING IN TRUMP'S AMERICA
https://www.youtube.com/watch?v=HSTKcGie…
A Broken System Acquitted Donald Trump (w/ Paul Blumenthal)
https://www.youtube.com/watch?v=4fNyw-II…
Proving Progressives Are Viable 2020 Candidates
https://www.youtube.com/watch?v=7YNyuJSS…
Bernie Sanders on Jewish heritage: It impacts me profoundly
https://www.youtube.com/watch?v=1fumrKsv…
Why You Should Be A Socialist
https://www.amazon.com/gp/product/125020…
Rolling Stones - Gimme Shelter
https://www.youtube.com/watch?v=EoCCSh1F…
Ultimate Stripper Shoes, 10"
https://www.amazon.com/Pleaser-BEYOND-08…
the rest of your assertions are false, most businesses do fail within 3-5 years, V.C.s actually do better than Mom-Pops you aren't relying on facts you are making up assertions as you go, if you would like to succeed in the capital markets get educated, you don't instinctively know how to invest, nobody does, If you just want reasonable returns the markets are available manage your expectations or else it's just gambling, enter wisely the odds favor you in the long run, unlike the dice or the cards the capital markets do not need to be a casino.
Ponzi Schemes take in money cause people see that the current investors are getting money, but it is really just these new people's money.
Our economic demand mostly does not increase. Actually, an increasing portion of our industries only serve the needs of the rich, a smaller and smaller porting of the population.
90% of Kliener Perkins start ups fail. But the VC's do not care, cause the other 10% do very well. And so those who invest in their KP funds, $1 million minimum, do better than they otherwise would. But the VC's are skewing the startups, only wanting to fund these things with open ended and explosive upsides. But this increases the risks.
The VC's dole out lavish funding because they are trying to reach short term perceived market windows.
I know and have worked with people described in this book:
https://www.amazon.com/Money-No-Object-V…
Mom and Pops do it totally different. The yields to generic fund investors would be lower. But this is irrelevant since they don't take in money that way. They are in it for the long term. They spend money much more carefully. If they are delivering a product or service, almost impossible to shut them down. They hold on.
50% of Americans have no discretionary money. What they should have is a single payer 100% secure and fully cost of living adjusted retirement income, including a public housing option.
It was this way before Reagan, it can be like this forever, as it really has to be.
When Obama came in Dow was $6000, when he left it was $18000.
In the next crash then the Dow could go down to $6000.
SJG
Trump is a Con Artist
DAVID CAY JOHNSTON: LIVING IN TRUMP'S AMERICA
https://www.youtube.com/watch?v=HSTKcGie…
Risk of Nuclear War Rises as U.S. Deploys a New Nuclear Weapon for the First Time Since the Cold War (low yield bomb, the infamous Neutron Bomb, making people think nuclear war is winnable and thinkable)
https://www.democracynow.org/2020/2/7/us…
Ultimate Stripper Shoes, 10"
https://www.amazon.com/Pleaser-BEYOND-08…
6" Stripper Trainers
https://pleasershoes.com/products/deligh…
http://setosa.io/ev/principal-component-…
You could do far better putting your money into things you and your associates run.
Help people help themselves, well the first thing when you realize you are in a hole is to stop digging. 50% of Americans have no such money to play games with.
Communalism and pooling talents on business creation and on obtaining employment are good.
People need Political Consciousness, not to be duped into going along with the lies of the Financial Literacy Boosters.
SJG
Have a good night I have a date whom I am heading out to meet.
The latter was just a public ponzi scheme brought to you by the federal government, and at public expense. It will crash.
The Real Estate Market is less risky, usually.
But you can't pitch this as helping people help themselves, 50% of the population have no such money for such. Financial Literacy is a political indoctrination movement.
Locally we have NGO's which help people start small businesses, and which help people get jobs, or learn how to fuction in the gig economy.
The real solution is the one we have to addopt, Social Democracy.
SJG
SJG
It is simply a matter of deciding that you are going to invest in yourself and in your own ventures.
SJG
First company, P2P, gave him $22 Meg in just about 3 years, where he would only have had about 2k to put in. 10,000 multiplication.
Why would he want to tie up money in other people's stuff, stuff that we really cannot know anything about.
I have not yet read about Richard Branson, but I believe it will be the same.
Supply Side is a scam. There is no public interest in a high stock market. It is just an upwards wealth siphon. If you add to it, you are actually hurting yourself, as well as missing zillions of better opportunities.
SJG
Musk is smart.
The idea of putting money in the stock market for other people, it is SILLY! And our government should not be continuing to support such a Ponzi Scheme.
SJG
This only makes sense. Stock market gambling is something people do because they are lost and frustrated.
Great Book!
https://www.amazon.com/Quest-Fantastic-F…
SJG
Why would you think the general public stock market is better than your own ventures?
SJG
Basically once you become a Successful Entrepreneur, then you can become a Successful Serial Entrepreneur. And then you can become a Successful Venture Capitalist.
This is the plan I am following.
As far as the stock market, no one who puts money into it is innocent. When the bubble breaks, innocent people will lose their jobs and their businesses. So the sooner it collapses the better, the less innocent people hurt.
BRING IT ON!
SJG
@SJG: You lie! You can't possibly be telling the truth because the stock market is pure chance gambling! It must be so because I can't figure it out, and if I can't, then you certainly can't, because I'm smaart and you are as stupid lying liar.
He deserves to be assfucked repeatedly with a baseball bat wrapped in rusty barbed wire, and afforded the best possible health care in perpetuity so that he can continue to be ass fucked with a barged wire wrapped baseball bat for the rest of his life. In fact, sell tickets to the ass fucking, and use the proceeds to pay back what he owes.
But with our own ventures and those run by close associates, that is an entirely different situation.
We have today this Ponzi Stock Market because the gov't uses its power to keep it going for political purposes. This economic fatalism is a cancer in our society.
SJG
But on a given issue, what could you know that the fund managers do not know?
On Indexed funds, yes some support this and it makes sense. Gov't expenditure by several orders of magnitude, helps the well off, not the poor. The stock market today is Welfare for Millionaires.
SJG
But yeah, I agree. I've invested in a few things, following some advice I got from my very first employer:
1. Don't invest money you can't afford to lose. If you use the rent money to buy stock, you're fucked.
2. Invest in what you know. Do your research; it's a lot easier to smell bullshit if you know the business.
3. Don't be afraid to speculate a little if it's something you *really* love. Mine is space and tech, so I've got some money in spaceships and fusion research. :)
4. Diversify.
5. Index funds are your friend.
What research you may do only gives you an explanation for the current pricing. Nothing of predictive value.
Index funds do have a logic too them. But remember, when Obama came in the Dow was at $6k. When he left it was at $18k. The day will come when this Ponzi bubble will break too, and it might go as low as $6k again.
Putting your money into your ventures is always best.
SJG
SJG
The fact that you can say something so utterly stupid proves beyond a shadow of a doubt that you’re not qualified to invest in the stock market or give anyone else advice about investing or to criticize their investing strategy.
Anything you might do is less comprehensive in analysis, and you know it after these fund managers have already put the info to use.
You are betting against the fund managers, and with noting factual on which to base this.
The stock market is just a Ponzi Scheme, and even if you do seem to gain, you are still adding to the creation of a wealth gap.
Always better to put your money into your own ventures, and things closely related, as Elon Musk does.
SJG
SJG
Starting your own ventures, very different situation.
SJG
Here have done quite well in stocks despite not having your confidence that it’s not possible. And repeating “you can’t do that” over and over again doesn’t make it false.
I can play that game too. lol
Fucking retard. :)
I just wonder why anyone would want to put their money into the stock market when there are lots and lots of better things to do with it.
What it seems to run is just that we have a lot of people with more dollars than sense.
SJG
People who have so much money that they don't know what to do with it, except to put it into a Federally Sponsored Ponzi Stock Market. That is why it is there, cause they don't know of anything this else to do with it. And they attack Social Security, cause that benefits everyone. They want a stratified two tier society, with the top being people who have more dollars than sense.
SJG
http://www.theadultblog.com/wp-content/u…
TJ Street
https://tuscl.net/photo.php?id=3513
https://tuscl.net/photo.php?id=2081
https://tuscl.net/photo.php?id=1132
Robin Trower - For Earth Below (1975)
https://www.youtube.com/watch?v=3uPaN955…