Stacy Summary: Let them eat cake. Just sayin’ . . .
“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all”
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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problem is that kind of thinking hasn’t worked ,the trajectory’s have all been broken .
Ok, so how should be unequal to who and why? Can this clerk explain that?
if he is right ,then why have people become poorer ?
This Griffith’s character should be shown some “inequality” by the American people. At some point , the American people will rise up and make GS and the CFR pay for their crimes. I think that it will take 20 more years but comments like Griffith’s may shorten that time frame. I’m from Canada and compared to the US it appears to me that our banks are less criminal and our politicians more niave than criminal. Maybe I am wrong
actually i believe in a court and an aristocracy to get the palaces and the lavish crafts and marble, then building temples for priests.
and elite…
sure.
but these bankers need to be overthrown for another elite since they are no more use to art then michael Jackson with his never never land
geuss this point of view is unique in this world today.
since viewing PBS Frontline Documentary: THE WARNING last night, a small yet insignificant frame stated: “6 WEEKS LATER” ….that was the six weeks after Brooksley Born was downsized from her position @ the CFTC and the LTCM fiasco…where the commentary suggests a total global financial collapse might occur in 1998….so now that we are to tolerate the “inequalities” of pay…well I suppose the October 25th date comes none too soon…and what about the next Black Swan???? I pose this to all who pay attention to M & S’s forum…just because the shrill of a calamity is not yet deafening, does that mean it is not occurring???What is the sound of one hand clapping in the woods???
Yea, I loved Griffith’s words of encouragement, but I recommend he gets some tips from Matthew Lynn:
“Goldman, JPMorgan Bonuses Need Some PR This Year: Matthew Lynn”
http://www.bloomberg.com/apps/news?pid=20601039&sid=aF7sBxr1Yxn4
“Here’s a puzzle to test the brain- power of even the mightiest intellects in investment banking: How are you going to justify the massive bonuses you pay your staff this year?
The old lines won’t work anymore.
What you need is a grand, politically correct gesture designed to make your critics look small and to disguise the profits you have been making with taxpayers’ help. A huge charitable donation, say, or putting Nelson Mandela on the board may be a good start. “
@y’all
I don’t wanna be equal with these people… I reject wall street, I reject almost everything they consider to be life… who are they to be equal with… they aint fittin’ to kiss the hem…oh nevermind!!!
@gb
maybe…because even more are into being masochists!!!
@y’all
oops pressed wrong button!!!
If he genuinely believes that, fine, then I can be in the upper position and he in the bottom, of that inequality. Now Brian hand over your yachts, your houses, your golf card and your stolen money to me, so you too can achieve greater prosperity and opportunity as a peon.
These bankers really believe this stuff.
Its like the young guy on the last Max I/V on Press TV(although he was not officially a banker).
He only sees his own belly button, and believes it is the only one that makes sense.
The same as “Goldman Sachs helps create liquidity”. Its in their bible, so to speak.
They have grown up with this and they truly believe it, the same way we believe they are wankers.
Even if there is a massive financial collapse, they will just say it was a computer malfunction or something and will swear black and blue that they are still right.
They are incapable of change, of understanding how other people think.
Try and think like a banker for a few minutes….
Yep, it hurts
Well these guys think we are all dumb and deserve to be poor, as if that matters.
However, I can’t help thinking that they are gonna get it in the end.
One way or another.
we just gotta round em up anyone over a 100 Million networth throw em in Jail
it ties in to this: A New Civil Rights Movement is Afoot for the Middle Class http://tinyurl.com/yhp4yv9
The principle is good but we’re dealing with crooks here. Those guys don’t operate in a free and fair market.
zombies… ZOMBIES I tell you… EVERYWHERE!
Hoping to provoke thought…
If theres one thing you can count on with groups of bad guys, the cooperation breaks down eventually and the infighting starts. Maybe thats why the bonuses are so large, to pacify the other sharks.
In John Kenneth Galbraith’s 1977 television series ‘The Age of Uncertainty’, he mentions in one of the episodes on railroad company scams that they typically fleece the public or the investors. You can see both of these in todays large financial markets. Fleecing of the customer is clearly at the heart of the big financial profits. This makes you wonder why anyone would do business with them. Then you have the management walking away with all the profits in the form of monster bonuses thusly fleecing the investors. This makes you wonder why there isn’t a shareholder revolt. Odd that the market participants of both customers and shareholders do not discipline these naughty companies and instead whine for government to do it for them. Although regulation IS the natural response of the marketplace, but thats another idea for another thought provocation.
Meanwhile the feds are investigating Balloon Boy’s family:
http://www.people.com/people/article/0,,20314257,00.html?xid=rss-topheadlines
Make the bad guys pay for their misdeeds, feds!
Like I’ve said before, these people cannot be reasoned with, they cannot be “regulated”, they cannot be negotiated with in any way shape or form.
They understand one thing and one thing only, greed. No one should have any illusions about this, or have any illusions about any solution other than violence. They need to be exterminated just like you would rid your house of any other vermin.
We can have a hundred revolutions, global in scale, but until these parasites are dealt with brutal and bloody finality, they will simply propagate and ultimately subvert any revolution in social or economic philosophy.
You don’t negotiate with a rat, you smash it’s fucking head in with a shovel.
@Ilya,…..Lol thanks for that insight ,.first person to make me laugh today
THE FED IS MORE WORRIED ABOUT BALLOON BOY THEN GOLDMAN CROOKS GOLDMAN SACHS AL CAPONE NO FU@#$% DIFFERENCE CROOKS THIEF’S LIARS!!!!!!!!!
http://marketoracle.co.uk/Article14329.html
MAX KEISER LEADS THE PACK IN FRAUD AT GOLDMAN SACHS!
You don’t negotiate with a rat, you smash it’s fucking head in with a shovel.
@Illya:
If I were you I’d avoid looking at myself in the mirror then.
This stuff is so obscene, it’s hard to believe it’s real.
‘Inequality is good for everyone’.
Do these people even know what they’re saying?
If it’s inquitous, then clearly all do not share the same values – BY DEFINITION!
This really is “Let them eat yellow cake”.
How long before terrorists just go after anyone employed by G-S?
EQUALITY IS GOOD FOR EVERYONE!
NOT ALL PEOPLE ARE EQUAL!!
I had read before – and last nite’s PBS Frontline seems to confirm – that ultimately this is not a financial story but a political story.
As Matt Taibbi pointed out last nite on CNN, once the laws have been removed, it is not ‘brain surgery’ to design ways to siphon off the cash.
We had a saying back on the farm, you ca milk a cow every day but can only butcher it once.
NOT ALL PEOPLE ARE EQUAL!!
The statement depends on the subjective standards of those who would to stand in judgement of persons according to personal subjective standards.
NOT ALL PEOPLE ARE EQUAL!!
The personal subjective standards for judging the equality of persons may become policy of a statist machine in which statist rational thought, shared value, calls reality into being and irrational, nonstatist thought, into nonbeing.
@Frances,…….it’s impossible to be objective, but I like what you’re saying, albeit you’re WRONG!
I read somewhere that the richest 1000 people on the planet have more combined wealth than the poorest 2 billion. Unfortunately I now can’t find the reference so maybe the numbers are not exactly as stated, but the gist of the matter is that there has never been a time in history when there has been such grotesque inequalities. And this during a period when so many western governments had nominal “socialist” leanings.
The problem with so much wealth in so few hands is not only a moral issue; it is inherently inefficient. Just how many luxury cars can one man drive? If the wealth were more evenly distibuted, the volume of demand for goods and services would be far greater, which in turn would generate income and jobs etc.
Instead the wealth is channeled into stocks, commodities, property and other assets, pushing the price of these sky high and so stifling business acitivity, the only beneficiaries being bankers and asset flippers. “Trickle down” never works, because the trickle has prostrate problems.
These guys will use the same logic that create and promote “class systems” .
Obviously they are “above” the law that governs the common man….
Does anyone know if Derringers comments on cap one holds true for other credit card companies? I wonder how many fraudulent charges emanate from this sort of security breach industry wide?
Capital One has their fraud “investigation” and “call center” in some nameless Caribbean Island. This means your financial information is also present on that Caribbean Island, where you have no United States legal protections whatsoever. Their staff have access to not only your purchase history (obviously) but also your social security and account number(s).
Capital One has their “customer service” call center in India. Same issues apply – your financial information is present over in India, where United States Legal protections do not apply, and your personal banking information is being handled by non-United States Citizens.
The outrage doesn’t begin and end with the fact that your personal financial information and history, including your Social Security number, the key item for identity thieves, is present offshore and accessible to people who cannot be prosecuted under United States Law.
Indeed, one must wonder – are these “card compromises” really happening at merchants, as the card companies continually assert? How do we know they’re not lying? What’s to stop a few crooks in these “offshore call centers” from accessing your information there, then passing it on (for what I’m sure is much more than they make answering the phone in India or some Caribbean Island) to some part of the criminal element? I’ll tell you what is not there to stop them: United States Law, since they’re beyond US jurisdiction!
No, the real outrage is that while Americans are increasingly out of work, with the so-called “official” unemployment figures approaching 10% and any real count (including “discouraged” workers) approaching one in five, or 20%, these firms have taken these decent-paying jobs and sent them offshore, thereby spending the money you give these latter-day robber barons not on employing UNITED STATES CITIZENS but rather finding places where there is NO United States wage and hour law, nor any benefits, nor any United States legal protections on the information they have access to and could abuse.
BOYCOTT CAPITAL ONE!
http://market-ticker.denninger.net/archives/1529-Capital-One-Shred-Your-Wallet-COF.html
I think there is a typo with this headline.
It should read….http://tinyurl.com/yh3tqa2
(opps and a typo for me!)
I think there is a typo with this headline.
It should read…. http://tinyurl.com/yh3tqa2
Dedo:
How so? If it is right to judge that the possiblity even exists of equating people on a standard scale, then I can never be wrong. I can either be in the position to force you to accept my standard, or you can be in the position to force me to accept yours.
See, you’re not so much poor, as you just have a vast potential for wealth. In fact, as you get poorer, your potential for wealth increases. As the glass empties, it’s potential for growth increases. The more money you give me the more you might get back. The more you lose, the more you have to gain.
Lookit me go, as if if subsidizing the banks pr firms with me taxes ain’t enuff, now i’m doing their job cuz i can’t stand to see such slipshod propaganda, guess they’ve lost that lovin’ feeling, even the serial rapists at gs and jpm must get bored screwin’ lady liberty as she doesn’t even go thru the motions anymore.
@Frances,…..If our objective was to get from A to B in the quickest time, and my way was more expeditious how would your thinking processes be equal.
Thought = action = manifestation.
PS: Equate most things with above, there in lies the only equality.
Dedo:
You are making the assumption that thought=success. The chain is often defined by its weakest link.
Illya, I love it.
You are right, rapacious greed thy name is Goldman Sachs.
The last telecast with Max and the banking talking head, where he states that “if we continue to focus on the top, (read banking fraudsters) we will get nowhere”……sounds like the same argument phrased in another way.
Another one would be “let them eat cake” as Stacey has suggested.
owh no, if wealth was more evenly spread, there would be more demand for products, ooooh… i MUST be on the wrong site here!!!
well i figure this is no place to get into the ordinary consumer souvenir and crap hype…
….
i’m more into beating rats on the freakin heads with shovels.
but id like to leave humanity also with no more gossip magazines.
and then laugh a sadistic laugh as people look in the newsstand, so communist like, and the stars, ohh, how lonely they will feel.
mhmmm
sweet dreams.
“We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all” = Let them eat cake… uh huh.
**gets out file and starts to sharpen guillotine blade**
Arghh, makes me wanna barf! These people clearly must have empty, horrible little lives. How can you make such a sick statement?
There is equality and then there is equity. The concept is lost on this asshole, as it is with most Horatio Alger types.
King Mervyn is worried about the government not sorting out enough regulation of the banks. He too is having a laugh.
Ilya has got the right idea.
@frances
The personal subjective standards for judging the equality of persons may become policy of a statist machine in which statist rational thought, shared value, calls reality into being and irrational, nonstatist thought, into nonbeing.
-Give me a break, they are criminal’s this is not a question of personal subjective standards.
I agree with him, we certainly have to tolerate some inequality in order to bring about prosperity and opportunity for all.
After all, you have to treat some people pretty unequally so as to motivate them to take out their guns and decide to change the rules.
@BobtheBaker:
I wasn’t talking about legal proceedings against criminals for their crimes! I was talking with Dedo about the egalitarian ideal. That is why we have a justice system with equitable laws for a free and fair trial and habeus corpus: or at least in theory.
The idea of the article is that inequal allocation of capital, where the top siphons of the cream and leaves whey for the populance, is good for everybody in society due to a trickle down effect. Of course that is rubbish seeing as these banks were bailed out with taxpayers’ money. The action of bailout for the banks was the criminal one.
I do not think you understood my comment. I was referring to the Hegelian principal of the state: all that is actual is rational and all that is rational is actual. The Hegelian state is calling reality into being through an intolerance of dissent or open speech. The Hegelian state calls all men to abscond their personal agency for one in which the state is served: “everything for the state, nothing against the state, nothing outside the state”. Of course the elite standing behind the machine of the Hegelian state stand to gain everything because the conditions become one of complete slavery for all.
The comments on this site cheering the guillotine and banker destruction are very naive. Bankers work for the monied elite. The elite don’t need the bankers but we do since our economy is credit based. The elite control the CURRENCY. Destroying the banking system out of jealous rage will result in our own inevitable bondage.
“The personal subjective standards for judging the equality of persons”
Bob the Baker:
Here’s the subjective standard as opined by the NYTimes:
http://www.nytimes.com/2009/07/19/magazine/19healthcare-t.html
Give me a break, they are criminal’s this is not a question of personal subjective standards.
Legal systems are built upon personal subjective standards. Our US constitution is based in theory on the equality of all persons. If a new system operates discussing the viability of quality of service to the state as the equitable standard unit, then we are in for some tough shit Nazi style. Make no mistake.
I agree with him, we certainly have to tolerate some inequality in order to bring about prosperity and opportunity for all.
@justgeorge:
Are you sure you know who the “good guys” are? How do we know the “bad guys” did not plan the Blankfein quote as a way to introduce the concept of statist capital controls? Do you mind having your equal opportunity nipped or your personal agency denied for the good of the collective?
@ frances snoot:
riping it all down, the elite need the masses more than the masses need the elite. the elite need the masses to produce for them. sure, the elite govern production etc, but they, like bankers, are facilitators at best.
let the elite die. let the producers produce, and exchange the fruits of their labour with one another., and lead good lives.
the lives of overbearing regulators (otherwise known as opressors) are not required.
let the elite die. let the producers produce, and exchange the fruits of their labour with one another., and lead good lives
Live and let die? The elite have driven a wedge between the masses and their own true selves. The elite will not die. The competition and the free market will die. And the masses will be enslaved. The elite are behind a currency change which will enable the continued power drive of the elite to continue without interruption.
Beware becoming the useful idiot.
ALL PERSONS ARE EQUALLY PEOPLE!
IF A PERSON AND COUNTED AMONG PEOPLE THEN EACH PERSON COUNTS AS ONE AND ONLY AN EQUAL INSTANCE.
PERSONS ARE EQUAL AS PEOPLE.
@frances snoot
Im well aware of what theyre doing and why, and have no intent of becoming violent or otherwise acting innappropriately. It simply seems obvious to me that Jeffersons statement “the tree of liberty much be refreshed from time to time with the blood of patriots and tyrants” applies presently, and there will be those who will take the quote literally. The question of whether their proposed currency swap and continued consolidation/centralisation of power will depend on whether or not revolution occurs before the noose is drawn too tight around those who would oppose them. The system is so weighted against the masses, and imo, is about to precipitate very real class warfare.
@justgeorge:
The rhetoric about our founding father will be as hog fodder once the currency collapse is a reality. Jefferson is blowing about in a Kansas storm right now, and who knows what he ever really said. The focus right now on the Fed is creating a vacuum for any real reform at the grassroots level. Push/back needs to be strong NOW.
@Gerry:
“PERSONS ARE EQUAL AS PEOPLE.”
YES!
@ francis snoot
hogfodder? um. no. when the dollar collapses, and formerly diverted, distracted, pacified, well fed americans realise what happened while they were sleeping, i daresay that some will take mr jefferson’s quote very seriously.