Doomstead Diner Menu => Economics => Topic started by: azozeo on June 09, 2018, 06:41:54 PM

Title: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 09, 2018, 06:41:54 PM
http://www.investmentwatchblog.com/wealth-inequality-just-hit-the-1929-great-depression-levels-now-what/ (http://www.investmentwatchblog.com/wealth-inequality-just-hit-the-1929-great-depression-levels-now-what/)

Argentina has been bailed out by the IMF with the biggest ever loan in IMF history. UK retailers are in trouble, more stores are closing down and the press is contributing this to online sales. Consumer credit growth has slowed, savings is declining, this is a recipe for a disaster. Corelogic reports that more than half the homes in the US are overvalued, just like in 2008. Household wealth rises to an all time high, but it is all funneled into the 1%, we are now back to the great depression levels. Ben Bernanke believes the economy will not make it until 2020. China’s new Silk Road is the new world trading system.

http://www.youtube.com/v/1srTxYqw1SQ&fs=1

Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: K-Dog on June 10, 2018, 12:34:47 AM
It is all wacky.  In Seattle we have affluence and homelessness both increasing at the same time.  A two tier economy evolves where a small number of people, lets say 20%, since the number varies from place to place, are making bank and life is good.  For the 80% life is sucking.  Suicide is up and there is food insecurity.  Jobs don't pay enough in this group there is no security their jobs will exist next year if they do have one.  They may be contract and even know they have a shelf life.

Doesn't matter if you think this is right or wrong.  It can't last.

(https://76crimes.files.wordpress.com/2016/06/sodom-and-g-americaslastdays-blogspot-com.jpg?w=377&h=265)

Hellfire from above or the economy simply won't abide a social arrangement where the value of money becomes different depending on if you are a 'winner or a looser' in the game.  It is not simply about being a lucky dog or not.

This:


(https://3.bp.blogspot.com/-SzKUW94qlAM/VMhGAkHbaHI/AAAAAAAAkDA/EgWrlS70T_g/s1600/jack-box-ultimate-cheeseburger-01.JPG)

Or This:

(https://www.thelostogle.com/wp-content/uploads/2014/08/Cheese-Gourmet-Burgers.jpg)

It is about this:

(https://proxy.duckduckgo.com/iu/?u=https%3A%2F%2Ftse2.mm.bing.net%2Fth%3Fid%3DOIP.uzCePIeXE1kuBnCGodjjhwHaHa%26pid%3D15.1&f=1)

Bifurcation will lead to collapse and it is well under way.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Palloy2 on June 10, 2018, 08:43:35 AM
The real bifurcation is between those who own the means of production and those who just work at producing.  The factory bosses understand that it is most profitable to pay low wages, the lower the better, and the workers only the choice between working for low wages and being destitute.  The workers real best choice is to join a union and bargain collectively, so the bosses lobby the government for anti-union legislation, and the media help by taking the boss' side, and police always help by strike-breaking.  It happens in every capitalist country, and at all times in history.  It is called the Class Struggle.

When taken to extremes, the workers are so lowly paid that they cannot buy the goods they produce, and the economy goes into depression and collapse.  You can mitigate this problem by giving the workers access to loans, but it only works for a while, and then they start to default on their debts - mortgage loans, car loans, education loans and credit cards.   The US is getting very close to the limit on debt. Only shareholders can afford to borrow and they already have all the goods they need, so they only buy more shares. 

If the government were to redistribute the wealth, thru taxes on the rich and support for the poor, everything would fix itself, but they cannot bring themselves to do it, having argued against that as socialism which is automatically evil due to the brainwashing.  So they do more of the same only harder, until it all crashes around them.  It won't be long now.  Probably WW3 will finish them off, in a month's time.  To think BAU will last for 20 more years is absurdly optimistic. 20 days more like.  Quick, buy more preps, and learn how to cook prime steak.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: g on June 10, 2018, 08:52:09 AM

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: agelbert on June 10, 2018, 09:37:25 AM

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seems the "skill" of our propagandist mindforkers is being tested to the limit.

(https://uploads.disquscdn.com/images/015c2e1a3250a81ec5409760e4636175a6f565f23a75028afb5f451719fdccb3.jpg)

I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.

(http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-240318144202.png)

(http://www.createaforum.com/gallery/renewablerevolution/3-270716175152.png)

(https://4.bp.blogspot.com/-tKBsTGeWsKc/VznRUcnfo1I/AAAAAAAAyok/paDRwKq7pxQvOB0MOBc7Y7FOeBpjxwj6wCLcB/s1600/fracked%2Bgas%2Bis%2Ba%2Bbridge%2Bto%2Bnowhere.PNG)

(https://collapseofindustrialcivilization.files.wordpress.com/2013/11/snap-2013-11-06-at-14-31-28.png)
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: g on June 10, 2018, 09:48:55 AM

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seeems the "skill" of our propagandist mindforkers is being tested to the limit.

(https://uploads.disquscdn.com/images/015c2e1a3250a81ec5409760e4636175a6f565f23a75028afb5f451719fdccb3.jpg)

I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.

Thank you Agelbert, A most unusual and may I state "Delightful" circumstance for a change.  ;D :D  :emthup:

Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 10, 2018, 10:25:16 AM
Were they shittin' in the streets in '29  :icon_scratch:

Bring on the hepatitis.....

http://www.youtube.com/v/uisCNfXqqMo&fs=1
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: RE on June 10, 2018, 10:35:44 AM
Quick, buy more preps, and learn how to cook prime steak.

Quick, move to the Tropical Rainforest and feed your Chooks, Dogs & Cats to the Pythons.  After that, jump into your used car and drive on exorbitantly priced gas the locals can't afford to the nearest hospital to get the best free medical care you can get in Indonesia.  On the way, stop in at the bank to make sure your Pension Check got deposited because you are going to need the money to pay the locals who are clearing your driveway so you can get deliveries  of new Orange Pi computers to play with.  This will surely save you.  ::)

I'll take the Preps and the Steaks.  The preps are very good tools, and the steaks taste really good.

RE
Title: Re: A most unusual and may I state "Delightful" circumstance for a change.
Post by: agelbert on June 10, 2018, 10:42:27 AM

Bifurcation will lead to collapse and it is well under way.

Perhaps it will lead to revolution but even that is doubtful.

Poor people being forced not to consume scarce resources is not an ingredient for collapse, BAU is.


It seeems the "skill" of our propagandist mindforkers is being tested to the limit.

(https://uploads.disquscdn.com/images/015c2e1a3250a81ec5409760e4636175a6f565f23a75028afb5f451719fdccb3.jpg)

I am in agreement with GO on this issue. :o ;D As GO stated, more or less, the total collapse of civilization is being caused by BAU.

Thank you Agelbert, A most unusual and may I state "Delightful" circumstance for a change.  ;D :D  :emthup:



GO said: A most unusual and may I state "Delightful" circumstance for a change.

When a person is, in my (not always :evil4:) very humble opinion, right, I try to not let my 'prejudices' get in the way of a wise and well thought out comment, like yours. (http://www.clker.com/cliparts/c/8/f/8/11949865511933397169thumbs_up_nathan_eady_01.svg.hi.png)

The horrendous inustices that oligarchs, kings, commissars, presidents (and other assorted elite riff raff throughout the sad history of the human species) visit on the masses is nothing new. What is new, is the increasingly unviable biosphere. This situation is a creeping cancer eating away at each and every complex life web system that we all depend on. This biosphere degradation, though imperceptible to most people due to its slow creep, has such MASSIVE inertia that it is virtually impossible to stop, or even slow.

Of course we should do what we can. Ignoring a cancer rarely cures it. But, as many who post here have said, more or less, THERE'S THE RUB! IOW, the ones with the actual power to DO something  to mitigate this Catastrophic Climate Change threatening to make us go the way of the Dodo Bird, refuse to engage in anything but slow, incremental steps that, though real and valid, are woefully inadequate.

I think I know why.

It's NOT because TPTB are stupid. They understand quite well what is going on with the climate. They understand that, no matter how titanic and massive the effort to clean up this planet's mankind Pollution Poisons produced by industry from mining to chemical factories to fossil fuels and so on, THIS generation, and probably the next FOUR GENERATIONS, will NOT see the benefits due to the massive inertia baked in to t Catastrophic climate Change.

Why invest trillions (it will take many trillians!) to convert our civilization to one that doesn't destroy the biosphere when you will not see much of ANY benefits in your elite oligarch life or that of your privileged offspring and two or three generations down the line as well?

But there is more. The transition to a sane civilization that lives in harmony with the biosphere will create havoc and poverty and death and strife and misery simply because THAT MONEY is now needed to keep the Catastrophic Climate Change damage from getting temporarily 'out of hand' (see: finger in the dike).

Transitioning to a sane civilization that protects and preserves a viable biosphere is, for TPTB, just not a 'good investment'.  :evil4:

So, they do a bit of math and start hoarding all the goodies that they need to start a civilization all over again when the masssive die-offs happen.

They sit down with top scientists and try to get accurate data for the minum size cohort representatives of various species, including humans, to kick start the biosphere after it has been thoroughly trashed in the next 150 years or so (see: unstoppable Catastrophic climate Chane INERTIA).

It won't work. But, TPTB have always functioned this way. They know of no other way to behave, due to their moral failings.

GO, if you want to know why the plan TPTB have to survive with about 90% less "useless eater humans" is doomed to failure, PM me. It is unrelated to this thread and deals with Climate Change hard facts.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 10, 2018, 01:09:09 PM
The answer to the question posted above is "NO".

Folks didn't need to shit in the streets back in '29. 90 years later a '29 type crash will end in oh, say, 72 to 96 hours ....

That's when the GGGolden rule kicks in. Guns, Grub & Gold will rule for oh, say 72 to 96 hours.....

That's when the air will be so poisoned EVERYWHERE that disease will set in & the 3D Land of Oz has it's last curtain call.

Nice last 2 weeks vay-cay Diners  :coffee:
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Palloy2 on June 10, 2018, 04:03:25 PM
In Elizabethan times in England, the people used to shit indoors and then empty their buckets in the street, and horses would shit wherever, making the streets extremely unpleasant.  But because strong constitutions were selected, people didn't die off en masse.  The reticulated water round here is contaminated with fecal coliforms, all public taps have labels saying to boil before drinking, but only the tourists get sick from it.

The die-off won't be pleasant, but if the city officials "solve" the problem with a new sewerage system, then you get the Hep-A problem re-emerging.  Everybody would want to save their child's life, but it isn't clever in the long run as the population only increases uncontrollably.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 10, 2018, 04:44:52 PM
In the 1920's in the U.S. the country was more rural, folks could live off the land easier. With 400M folks here now
the mid-west will fare better than the coasts. I'm 300 miles inland from So.Cal. The other side of the canyon still operates
like little house on the prairie with exclusion of Toyota Tacoma P-up's instead of buck boards. As well the Hualapai's (Wall A Pie)
won't miss a beat on the tribal lands & in the canyon. They'll loose chopper service, however the mule service will prevail for transpo.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 10, 2018, 05:41:06 PM
http://www.youtube.com/v/wGnzRUGUT78&fs=1
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: BuddyJ on June 10, 2018, 06:25:44 PM
If the government were to redistribute the wealth, thru taxes on the rich and support for the poor, everything would fix itself, but they cannot bring themselves to do it, having argued against that as socialism which is automatically evil due to the brainwashing. 

Maybe they weren't brain washed, perhaps they just looked around and realized that it may not be any better of a solution than any of the other schemes folks have come up with to properly distribute a countries wealth?

Quote
Venezuela food shortages cause some to hunt dogs, cats, pigeons

https://www.usatoday.com/story/news/world/2016/05/18/venezuela-food-shortages-cause-some-hunt-dogs-cats-pigeons/84547888/ (https://www.usatoday.com/story/news/world/2016/05/18/venezuela-food-shortages-cause-some-hunt-dogs-cats-pigeons/84547888/)
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Palloy2 on June 10, 2018, 06:51:32 PM
Quote
GO: Perhaps it will lead to revolution but even that is doubtful.

The government will implode and collapse.  There won't need to be a violent revolution against the current powerful forces.  Only a need to work out how your local community intend to keep on doing things without electricity, phones, internet, mains water, sewerage and money/banking/shops. 

I don't know why nobody wants to discuss what programs should be shaped like to prevent wasting time and energy on creating another BAU system.  We are entering a time of dramatic change and we haven't even worked out what the "revolution" needs to be about.
Title: BuddyJ: Check this video on Venezuela out. It is quite revealing.
Post by: agelbert on June 10, 2018, 07:28:17 PM
BuddyJ: Check this video on Venezuela out. :emthup: It is quite revealing. The history covered is accurate.

Debunking John Oliver on Venezuela

June 9, 2018

The week of Venezuela’s presidential election, John Oliver dedicated an ENTIRE episode of his HBO show “Last Week Tonight” to the country—full of distortions and highly misleading to progressive-minded people. Responding to Oliver’s major points, Empire Files producer Mike Prysner walks us through the most glaring omissions and misrepresentations

http://www.youtube.com/v/_fV-C1Ag5sI

https://therealnews.com/stories/debunking-john-oliver-on-venezuela (https://therealnews.com/stories/debunking-john-oliver-on-venezuela)
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Agent Graves on June 11, 2018, 01:10:17 AM
Quick, buy more preps, and learn how to cook prime steak.

Quick, move to the Tropical Rainforest and feed your Chooks, Dogs & Cats to the Pythons.  After that, jump into your used car and drive on exorbitantly priced gas the locals can't afford to the nearest hospital to get the best free medical care you can get in Indonesia.  On the way, stop in at the bank to make sure your Pension Check got deposited because you are going to need the money to pay the locals who are clearing your driveway so you can get deliveries  of new Orange Pi computers to play with.  This will surely save you.  ::)

I'll take the Preps and the Steaks.  The preps are very good tools, and the steaks taste really good.

RE

The tools are all made in China, even Milwaukee and will get expensive soon for Americans if the tariffs hold up, so buy now. Hand powered drill that work like a eggbeater, axes, splitters, shovels, picks, saws and everything to do by hand buy at least 2, or 3 if u can afford.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: g on June 11, 2018, 04:21:50 AM
Quote
GO: Perhaps it will lead to revolution but even that is doubtful.

The government will implode and collapse.  There won't need to be a violent revolution against the current powerful forces.  Only a need to work out how your local community intend to keep on doing things without electricity, phones, internet, mains water, sewerage and money/banking/shops. 

I don't know why nobody wants to discuss what programs should be shaped like to prevent wasting time and energy on creating another BAU system.  We are entering a time of dramatic change and we haven't even worked out what the "revolution" needs to be about.

Palloy, Your zeal and views are appreciated but it still escapes me at how taxing the rich to give ten or twenty million poor folks the ability to by a new SUV and three bedroom home in the suburbs, as well as credit card to dine in the nations thousands of steak houses and other eateries, solves the problems your concerned with.

Nor do I see how these poor unfortunates remaining so causes collapse or revolution.  :icon_scratch:

More logical to me would be trying to make everyone poor rather than the poor middle class, for someone who views the world situation as you.

Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: K-Dog on June 11, 2018, 09:18:23 AM
There will not be a revolution.  There will be mayhem and lots of shooting when the police go home but it will not be a revolution.  Revolution is impossible.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Surly1 on June 11, 2018, 09:51:45 AM
There will not be a revolution.  There will be mayhem and lots of shooting when the police go home but it will not be a revolution.  Revolution is impossible.

Right.

You've seen our work in Fallujah, yes?

(https://libcom.org/files/images/blog/fallujah.jpg)
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: K-Dog on June 11, 2018, 11:23:43 AM
Exactly.  No revolution but plenty of mayhem.  Every revolutionary is surveilled by a face-book follower here.  Algorithms will identify them, these algorithms are already hard at work, then what we did in Fallujah happens to our revolutionaries.  The sheep then aimlessly mill about and starve to death instead of marching single file and starving to death led by the revolutionaries with nowhere to go.  Regardless sheep die because they can't feed themselves.

(https://t4.ftcdn.net/jpg/01/25/93/21/240_F_125932120_MlfVA89i0H0kb277tsqY8ZDxu5POO0xa.jpg)

Revolutions succeed only if revolutionaries have food security.  Our food security is controlled by the machine so no revolution is possible here.  Since the early 70's corn syrup from the machine has metamorphosed the American citizen into inert vermin lumps not unlike the insect man written about by Kafka.

(https://academichelp.net/wp-content/uploads/2012/11/kafka-metamorphosis.jpg)

No revolution is possible here.  Besides having no food security America has been weakened by generations where the unfit have flourished to taunt Darwin's ghost.  That results in not all people walking down the street alone talking to themselves are on a cell phone.  Some don't even have a phone but enough do have phones to ruin any revolution. 

A people as diverse as America needs ideas around which a revolution can build.  These ideas are essential to unite the people.  Simple appeal to selfishness and greed only works when a revolution is fanned to flames by members from a single tribe.  In that case simple tribalism is enough so no intellectual gymnastics are needed to unite the people.  But in our case such ideas are essential and they now have to be tweeted out as there is no other way to get them around.  There are drones for that.

What Ideas can America rally behind.
Such ideas do not a revolution make and other ideas are media managed out of existence as soon as they get any traction. 

Back in the day these things did not flash GPS locations to the king but we have nothing like them anymore.

(http://www.electricemperor.com/eecdrom/HTML/EMP/02/02_048.GIF)

All our devices have metadata which screams come and get me to the nearest cell tower or internet switch.


Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 11, 2018, 03:41:27 PM
Location, location, location.....  :icon_scratch:



http://www.youtube.com/v/4q4Afv9guWA&fs=1
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: Palloy2 on June 11, 2018, 04:09:32 PM
Quote
GO: Palloy, Your zeal and views are appreciated but it still escapes me at how taxing the rich to give ten or twenty million poor folks the ability to by a new SUV and three bedroom home in the suburbs, as well as credit card to dine in the nations thousands of steak houses and other eateries, solves the problems your concerned with.

I was talking about a recipe to keep BAU going.  Of course I don't want to actually keep it going.  Taxing the rich is going to have to be very much harder than you are anticipating - in Europe, governments take 50% or more of GDP in tax, and then provide the people with free health services, free education, unemployment support that lasts for ever, and so on.
Title: Re: Wealth Inequality FEMA Barges enroute to Hawaii
Post by: azozeo on June 11, 2018, 06:07:35 PM
http://www.someonesbones.com/blog/fema-barges-en-route-to-hawaii/ (http://www.someonesbones.com/blog/fema-barges-en-route-to-hawaii/)

A flotilla of FEMA barges, each able to hold 2000 people in cramped conditions, set sail from a secret staging area near San Diego and is currently en route to Hawaii, says a FEMA employee speaking under condition of anonymity.

The vessels, he said, departed California on June 5 and, travelling at a speed of 20 knots, will arrive in Hawaii on the eleventh. Rather than berth at Port Allen or Hiwo Harbor, the ships will drop anchor ten miles offshore and use powerboats to ferry displaced persons to one of three FEMA housing ships. But FEMA is on no mission of mercy; anyone escorted onto a FEMA barge will be incarcerated and transported to a mainland FEMA internment camp in Region IX. There, they will be held captive by a controversial agency with a long history of imprisoning people against their will.

FEMA is trying to avoid the same mistakes it made during Hurricane Harvey, which caused $125 billion dollars in damages to the Houston metropolitan area. Floods inundated hundreds of thousands of homes and displaced over 50,000 people. In the storm’s aftermath, FEMA sprang into action, but not to help. FEMA barges the size of container ships were spotted near Port Arthur and Corpus Christi, and agents acting under the authority of the United States Government herded 17,000 dispossessed people into floating prisons.

“FEMA wants to be discreet in Hawaii. They don’t want to leave a big footprint like they left in Texas. That’s why they’re keeping the big ships ten miles offshore. I hope people are smart enough to avoid us and not get on the boats. Otherwise, they’ll be carted off to camps just like what happened to the people in Texas who haven’t been heard from now in over a year. I don’t know what happened to them—I don’t want to know. I know everyone put on a boat is micro chipped and pretty much imprisoned in the worst of possible conditions,” our source explained.

Single prisoners, he added, are housed in six-by-nine foot compartments with a cot and a toilet. Families are given slightly larger accommodations, but the atmosphere still reeks of a jail cell. Doors remain locked twenty-four hours day. Everyone receives cold cereal for breakfast, a sandwich for lunch, and lukewarm soup or other surplus entrées for dinner.

“There is no consideration for hygiene or sanitary conditions,” our source said.  “Lice infestations are common. There are no shower facilities. Rats are everywhere. I’ve heard stories of people getting gnawed to bits in their sleep, but that might be hyperbole. There’s typically only one doctor and one nurse aboard each ship, and they don’t even want to be there. If I were in Hawaii, I’d rather deal with the lava and volcanic ash than my own people.”

He said FEMA will likely trick Hawaiians onto the ships. “They’ll say there’s a cruise ship waiting offshore to shuffle them to safety, or some other outlandish lie. By the time anyone sees the FEMA coffin carrier looming on the horizon, it’s too late. What will they do? Jump into the water and swim for it seven or eight miles from land?”

In closing, he offers a few words of wisdom to any Hawaiian encountering a FEMA agent: Run, hide, but do not get on the ship.
Title: Re: BuddyJ: Check this video on Venezuela out. It is quite revealing.
Post by: BuddyJ on June 11, 2018, 06:34:58 PM
BuddyJ: Check this video on Venezuela out. :emthup: It is quite revealing. The history covered is accurate.

Debunking John Oliver on Venezuela

June 9, 2018

The week of Venezuela’s presidential election, John Oliver dedicated an ENTIRE episode of his HBO show “Last Week Tonight” to the country—full of distortions and highly misleading to progressive-minded people. Responding to Oliver’s major points, Empire Files producer Mike Prysner walks us through the most glaring omissions and misrepresentations

http://www.youtube.com/v/_fV-C1Ag5sI

https://therealnews.com/stories/debunking-john-oliver-on-venezuela (https://therealnews.com/stories/debunking-john-oliver-on-venezuela)

So...I made it through 5 minutes before the evil of colonial powers in 1499 were deemed the core problem that led to all other problems. And of course we can do better than that by going back to Noah..but perhaps I should just ask, what do you think the most important reason is for the current collapse of Venezuela? And if it is referenced in that video, can you point me at the minute:sec mark so I can review that? Assuming that we don't roll the clock back all the way to Noah of course.
Title: Re: Wealth Inequality Just Hit The 1929 Great Depression Levels
Post by: azozeo on June 15, 2018, 12:30:49 PM
http://www.youtube.com/v/1TuiymHUiP0&fs=1
Title: Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich
Post by: azozeo on August 02, 2018, 05:14:32 AM
Attendees at Next Gen functions hosted by the likes of UBS, Citi Private Bank, and Credit Suisse will one day rank among the world’s most sought-after clients.

Fifty-two heirs to lavish fortunes luxuriate in sleek splendor at the Four Seasons.

They sip designer lattes and speak the language of wealth. The talk is of money, noblesse oblige, technology, Formula One. At lunchtime, out comes chilled rosé, with a tasting led by Jon Bon Jovi’s son Jesse.

Welcome to Camp Rich.


https://www.bloomberg.com/news/features/2018-07-30/at-rich-kid-summer-camp-big-banks-try-to-hook-heirs-for-a-lifetime (https://www.bloomberg.com/news/features/2018-07-30/at-rich-kid-summer-camp-big-banks-try-to-hook-heirs-for-a-lifetime)