Capitalist Corruption

Remove this Banner Ad

Todman said:
What I find is funny

Labor like to say they represent the workers and the poor. The Libs like to represent the middle and business class.

When Labor is in power they say they want to make the poor and the workers better off but if this was true then the poor and the workers would move up to the middle class and that is Liberal territory.
Click to expand...
People don't lose their sense of place, especially when they identify themselves with it.

This is a nation that households earning $100,000 a year claim they are struggling. There are people who just read that who are seething at the moment because I must not know how expensive life is.
 
Todman said:
What I find is funny

Labor like to say they represent the workers and the poor. The Libs like to represent the middle and business class.

When Labor is in power they say they want to make the poor and the workers better off but if this was true then the poor and the workers would move up to the middle class and that is Liberal territory.
Click to expand...

That is kind of what has happened, today's major city gentrification is the result of opening up educational opportunities starting with the Whitlam government, then the opening up of the economy in the 1980s and early 1990s has added to that, meanwhile at the same time governments have created a more disjointed and ineffective welfare system and I.R systems that traditionally underpinned economic and social policy.
 
Bombermania said:
That is kind of what has happened, today's major city gentrification is the result of opening up educational opportunities starting with the Whitlam government, then the opening up of the economy in the 1980s and early 1990s has added to that, meanwhile at the same time governments have created a more disjointed and ineffective welfare system and I.R systems that traditionally underpinned economic and social policy.
Click to expand...
I was at uni at the end of the free ride and I saw the consequences.

Professional students that would hang around for three or four degrees before looking for work.
Students getting their qualifications at the expense of the taxpayer only to bugger off overseas never to pay tax in this country
Other students that didn't value their time there (cost them nothing so they dropped out)
Students that spent too much time drinking and chasing each other.
Students deferring courses in large numbers.
Mickey Mouse degrees. Is there really a useful Arts degree?
 

Log in to remove this ad.

Todman said:
I was at uni at the end of the free ride and I saw the consequences.

Professional students that would hang around for three or four degrees before looking for work.
Students getting their qualifications at the expense of the taxpayer only to bugger off overseas never to pay tax in this country
Other students that didn't value their time there (cost them nothing so they dropped out)
Students that spent too much time drinking and chasing each other.
Students deferring courses in large numbers.
Mickey Mouse degrees. Is there really a useful Arts degree?
Click to expand...

Not sure anything as changed, just watch the reaction from students when the lecturer reveals the unit contains a group assignment.

Arts degrees can be useful, they often form part of a law degree and many successful corporate professionals hold one.
 
Todman said:
What I find is funny

Labor like to say they represent the workers and the poor. The Libs like to represent the middle and business class.

When Labor is in power they say they want to make the poor and the workers better off but if this was true then the poor and the workers would move up to the middle class and that is Liberal territory.
Click to expand...
How else do you think Howard got elected?

After how many years of Labor created boom, too.
 
Funny how investors can act like the biggest pigs of humankind and then they get all cranky when they’re subjected to their own ilk, in the form of short sellers.

Musk has been all over the TV stating that one reason he sent out a market-rigging-Twit was due to the pressure from short sellers, who were acting nefariously to make Tesla stock appear weaker.

When these fiends do delorable s**t, we’re all supposed to celebrate them as champions of humanity and then when they get deplorable s**t done to them we’re supposed to be all like “woe be multi-billion dollar investors, poor souls”.

No sympathy, jackasses having to deal with other jackasses who act just like themselves.

RupieDupie likes this
 
Last edited:
RupieDupie said:
Funny how investors can act like the biggest pigs of humankind and then they get all cranky when they’re subjected to their own ilk, in the form of short sellers.

Musk has been all over the TV stating that one reason he sent out a market-rigging-Twit was due to the pressure from short sellers, who were acting nefariously to make Tesla stock appear weaker.

When these fiends do delorable s**t, we’re all supposed to celebrate them as champions of humanity and then when they get deplorable s**t done to them we’re supposed to be all like “woe be multi-billion dollar investors, poor souls”.

No sympathy, jackasses having to deal with other jackasses who act just like themselves.
Click to expand...

“If Elon Musk just worked as hard as the short sellers, he wouldn’t be in this position. He just wants everything given to him on a silver platter”

“This is just competitive capitalism, if Musk wants the system to be fair, he should go back to the Union of Soviet Socialist Republics... Communist!”

“If Elon Musk wasn’t an African he would have inherited much stronger non-African genes and would be able to compete with the non-African-gened short sellers”

RupieDupie likes this
 
Last edited:
RupieDupie said:
“If Elon Musk just worked as hard as the short sellers, he wouldn’t be in this position. He just wants everything given to him on a silver platter”

“This is just competitive capitalism, if Musk wants the system to be fair, he should go back to the Union of Soviet Socialist Republics... Communist!”

“If Elon Musk wasn’t an African he would have inherited much stronger non-African genes and would be able to compete with the non-African-gened short sellers”
Click to expand...

It’s funny, there are groups of mega-rich-investors wanting to all go John Galt, by creating sea-steading communities (aka tax havens), but who do they think they will be living with?

It will be like in those nature documentaries where two fat male elephant seals beach themselves on the same rock and start barking and head-butting each other.

RupieDupie likes this
 
RupieDupie said:
It’s funny, there are groups of mega-rich-investors wanting to all go John Galt, by creating sea-steading communities (aka tax havens), but who do they think they will be living with?

It will be like in those nature documentaries where two fat male elephant seals beach themselves on the same rock and start barking and head-butting each other.

RupieDupie likes this
Click to expand...

Yeah that would be funny as, I hope they make a reality TV show

RupieDupie likes this
 
Young Warren Buffett, who works harder and is more virile and innovative than the combined workforce of small countries, has apparently invested so much munny in his own organisation to avoid short selling, pretty much demonstrating the organisation is over-valued. There would be a few short sellers who would sell their own grandmother to ride that down.

Are short sellers national heroes? People who correct a market which has run away unchecked? Like the Australian housing market. Trillions of dollars tied up, imagine if that fell at an unprecedented rate, short sellers would become filthy rich.
 
RupieDupie said:
Young Warren Buffett, who works harder and is more virile and innovative than the combined workforce of small countries, has apparently invested so much munny in his own organisation to avoid short selling, pretty much demonstrating the organisation is over-valued. There would be a few short sellers who would sell their own grandmother to ride that down.

Are short sellers national heroes? People who correct a market which has run away unchecked? Like the Australian housing market. Trillions of dollars tied up, imagine if that fell at an unprecedented rate, short sellers would become filthy rich.
Click to expand...

Ah yes,

https://www.afr.com/markets/behind-the-rise-of-activist-short-sellers-20180326-h0xzzi

Activist short sellers, reinventing the crooked short sellers for the modern discerning liberal. Bursting bubbles since 2013.

Short! short! short!
 
Anyone on here play golf? Apparently Musk has stated that if anyone can do a better job then he can, he’d make them CEO.
 

(Log in to remove this ad.)

Todman said:
Click to expand...


But here’s something you should be asking yourself, why does Michael Douglas look like Emilio Estévez? Are they the same person?

Estévez comes from an acting family, including Martin and Charlie Sheen. So what if Estévez created this character “Michael Douglas” and just went along with it, you know what I’m saying?

If you look at a lot of early Charlie Sheen movies and they also starred Emelio Estévez. But why not this one? Because Emilio Estévez was acting as Michael Douglas who was acting as Gekko.

See?
 
RupieDupie said:
But here’s something you should be asking yourself, why does Michael Douglas look like Emilio Estévez? Are they the same person?

Estévez comes from an acting family, including Martin and Charlie Sheen. So what if Estévez created this character “Michael Douglas” and just went along with it, you know what I’m saying?

If you look at a lot of early Charlie Sheen movies and they also starred Emelio Estévez. But why not this one? Because Emilio Estévez was acting as Michael Douglas who was acting as Gekko.

See?
Click to expand...

Maybe because Martin Sheen enjoyed watching his wife being serviced by Michael Douglas and Emilio is the result.
 
RupieDupie said:
Are short sellers national heroes? People who correct a market which has run away unchecked? Like the Australian housing market. Trillions of dollars tied up, imagine if that fell at an unprecedented rate, short sellers would become filthy rich.
Click to expand...
How would you short sell a house?

You need to find a buyer for another property, agree to sell it to them for price X with settlement in a few months so you can purchase that property for $X-y and pocket the difference. Where y is greater than both the stamp duty and cap gain.

You'd have to be acting as the agent for both the seller and buyer to ensure it happens, which I think is a conflict of interest if it isn't against the law.
 
Tayl0r said:
How would you short sell a house?

You need to find a buyer for another property, agree to sell it to them for price X with settlement in a few months so you can purchase that property for $X-y and pocket the difference. Where y is greater than both the stamp duty and cap gain.

You'd have to be acting as the agent for both the seller and buyer to ensure it happens, which I think is a conflict of interest if it isn't against the law.
Click to expand...

In my understanding of these matters what you need to do is short sell in “associated” markets, like mortgage insurance. But it has been a while since I read up on this, but this is what some Americans did - there is also a movie on this with Brad Pitt.
 
Todman said:
Maybe because Martin Sheen enjoyed watching his wife being serviced by Michael Douglas and Emilio is the result.
Click to expand...

Could very well have happened, Hollywood’s a small world, but how come Martin Sheen also looks like Michael Douglas? :)
 
RupieDupie said:
Young Warren Buffett, who works harder and is more virile and innovative than the combined workforce of small countries, has apparently invested so much munny in his own organisation to avoid short selling, pretty much demonstrating the organisation is over-valued. There would be a few short sellers who would sell their own grandmother to ride that down.

Are short sellers national heroes? People who correct a market which has run away unchecked? Like the Australian housing market. Trillions of dollars tied up, imagine if that fell at an unprecedented rate, short sellers would become filthy rich.
Click to expand...

The Australian economy is built on the housing market....
creating more loans ... creating more money... with out growth in the housing market we go broke.
Enter immigration.... it’s a Ponzi scheme.
 
nut said:
The Australian economy is built on the housing market....
creating more loans ... creating more money... with out growth in the housing market we go broke.
Enter immigration.... it’s a Ponzi scheme.
Click to expand...

We're a one-trick pony, no other innovation other than increasing housing costs, and power costs
 
You must log in or register to reply here.

Remove this Banner Ad

Back
Top