Topic: Economic Devastation - page 40. (Read 504773 times)
An interesting article from the New York Times that shows how modern banking treats its clients as sheep whose purpose is to be fleeced.
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Quote
Thats normal for wallstreet
That's normal for the world and capitalism. Individuals/Companys act in their own best interest, that's quite old news.Isnt it sad that what should be called proper behaviour is now being punished?
An interesting article from the New York Times that shows how modern banking treats its clients as sheep whose purpose is to be fleeced.
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Who who in their right mind would trust these people?
Thats normal for wallstreethttp://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Quote
Mr. Burris, 44, worked as a broker at JPMorgan’s Sun City West, Ariz., branch office beginning in 2010, where he was a top producing broker and earned glowing performance reviews, at least in his first few years. Most of his clients were retirees who were unsophisticated about the financial markets.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
Who who in their right mind would trust these people?
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite we all talk of made fortunes by "changing" industries, at the right time; oil, rail, shipping, mining, banking, and many others. They keep their wealth and influence in a variety of regular and irregular ways, the shittiest includes lobbying. The politicians tell the people what they want to hear (and often don't deliver) but they enact what the elite want without making noise about it. And anytime the wealth of the elite is threatened we hear about 'bailouts', which is the masses paying off the mistakes of the elite.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite we all talk of made fortunes by "changing" industries, at the right time; oil, rail, shipping, mining, banking, and many others. They keep their wealth and influence in a variety of regular and irregular ways, the shittiest includes lobbying. The politicians tell the people what they want to hear (and often don't deliver) but they enact what the elite want without making noise about it. And anytime the wealth of the elite is threatened we hear about 'bailouts', which is the masses paying off the mistakes of the elite.
Im sure they have think tanks that plan this stuff ahead of time. Years ahead of time, the best representation is the stuff they put in movies, hidden messages in movies*
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite we all talk of made fortunes by "changing" industries, at the right time; oil, rail, shipping, mining, banking, and many others. They keep their wealth and influence in a variety of regular and irregular ways, the shittiest includes lobbying. The politicians tell the people what they want to hear (and often don't deliver) but they enact what the elite want without making noise about it. And anytime the wealth of the elite is threatened we hear about 'bailouts', which is the masses paying off the mistakes of the elite.
An interesting article from the New York Times that shows how modern banking treats its clients as sheep whose purpose is to be fleeced.
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Who who in their right mind would trust these people?
Thats normal for wallstreet http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Quote
Mr. Burris, 44, worked as a broker at JPMorgan’s Sun City West, Ariz., branch office beginning in 2010, where he was a top producing broker and earned glowing performance reviews, at least in his first few years. Most of his clients were retirees who were unsophisticated about the financial markets.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
Who who in their right mind would trust these people?
An interesting article from the New York Times that shows how modern banking treats its clients as sheep whose purpose is to be fleeced.
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Who who in their right mind would trust these people?
http://www.nytimes.com/2015/12/11/business/he-blew-the-whistle-at-jpmorgan-chase-then-came-the-blowback.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news
Quote
Mr. Burris, 44, worked as a broker at JPMorgan’s Sun City West, Ariz., branch office beginning in 2010, where he was a top producing broker and earned glowing performance reviews, at least in his first few years. Most of his clients were retirees who were unsophisticated about the financial markets.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
So Mr. Burris avoided what he considered unsuitable, expensive and underperforming investment products, including some offered by JPMorgan, which drew criticism from his bosses. Troubled that he was being pressured to push JPMorgan’s products rather than act in his clients’ best interests, he went so far as to secretly record his colleagues. He complained repeatedly to his supervisors.
None of this exactly endeared Mr. Burris to his employer or co-workers. In late 2012, Mr. Burris was suspended and then fired. The firm gave him no explanation or chance to defend himself.
Who who in their right mind would trust these people?
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
You are so full of it kiddo, you can tell you have limited knowledge yet try to preach like you are an expert. My point is proven with your response again. Good day
The first law of holes
https://en.m.wikipedia.org/wiki/Law_of_holes
"The first law of holes, or the law of holes, is an adage which states that if you find yourself in a hole, stop digging"
Just yesterday I had to apply this very law to myself. Right after the wired and gizmodo articles came out I was convinced for a moment. Then all the counter evidence started to show up the pgp inconstancies and a potential financial motive for deliberate and long term misdirection. The result was this wonderful post.
WE HAVE FOUND SATOSHI AND HE IS STILL WORKING WITH BITCOIN.
That is my take on this as well.
Edit: On further review and in light of the new evidence that the community has unearthed I retract the above statement =)
Not my finest hour but hey we are all human. Sometimes the best course of action is to look around, smile, and realize we have dug ourselves into a bit of a hole =)
I think it was obvious, to me atleast. I personally believe I know who he is/was and you won't be hearing from him again.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
You are so full of it kiddo, you can tell you have limited knowledge yet try to preach like you are an expert. My point is proven with your response again. Good day
The first law of holes
https://en.m.wikipedia.org/wiki/Law_of_holes
"The first law of holes, or the law of holes, is an adage which states that if you find yourself in a hole, stop digging"
Just yesterday I had to apply this very law to myself. Right after the wired and gizmodo articles came out I was convinced for a moment. Then all the counter evidence started to show up the pgp inconstancies and a potential financial motive for deliberate and long term misdirection. The result was this wonderful post.
WE HAVE FOUND SATOSHI AND HE IS STILL WORKING WITH BITCOIN.
That is my take on this as well.
Edit: On further review and in light of the new evidence that the community has unearthed I retract the above statement =)
Not my finest hour but hey we are all human. Sometimes the best course of action is to look around, smile, and realize we have dug ourselves into a bit of a hole =)
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
What matters is that neither you I or the public knows who these people are, what they own, or how they use their influence to manipulate the political system.
The richest people in the world are typically listed as
1) Bill Gates: Net Worth: $79.2 B
2) Carlos Slim Helu & family: Net Worth: $77.1 B
3) Warren Buffett: Net Worth: $72.7 B
However, can we have any confidence that this is truly the case. In an era where wills are not public, and assets can be transferred between generations in blind trusts perhaps Bill Gates is really the 11th richest person and there are 10 others wealthier and more powerful wielding influence behind the scenes.
Maybe not, point is I have no idea and neither does anyone else. The system is opaque and completly non transparent. The very wealthy as long as they are careful already have their anonymity.
One of the greatest features of bitcoin and blockchain technology in general is its utter transparency.
Yep, you are good, CoinCube at putting public facts out there.
Yes, you NEVER see the Rothschilds, for example, in the Forbes billionaire lists, yet I suspect that they are very near the top of the world's wealthiest families.
And I do NOT mean to pick on them, the R. family has every right to the money they made, and to have as much privacy as they can acquire to keep the leeches away from them. There are likely a LOT of other rich people/families who are laying low as well, and I do not have a problem with that as long as their gains are not from criminality (and let's leave BANKING out of this re criminality).
As mentioned above, were I REALLY RICH, I would certainly not be commenting here at bitcointalk, LOL... I would be hunkered down in a castle somewhere, quietly pulling strings or whatever to keep my money in the family.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
What matters is that neither you I or the public knows who these people are, what they own, or how they use their influence to manipulate the political system.
The richest people in the world are typically listed as
1) Bill Gates: Net Worth: $79.2 B
2) Carlos Slim Helu & family: Net Worth: $77.1 B
3) Warren Buffett: Net Worth: $72.7 B
However, can we have any confidence that this is truly the case. In an era where wills are not public, and assets can be transferred between generations in blind trusts perhaps Bill Gates is really the 11th richest person and there are 10 others wealthier and more powerful wielding influence behind the scenes.
Maybe not, point is I have no idea and neither does anyone else. The system is opaque and completly non transparent. The very wealthy as long as they are careful already have their anonymity.
One of the greatest features of bitcoin and blockchain technology in general is its utter transparency.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
Gold, Oil, Land, Estate,Stocks,Bonds, Precious Metals, Precious Stones, Old Art, Infrastructure, Mining and Political influence.
The elite is a class, it doesnt matter who personally is in there, they are all doing the same thing.
Your point is not proven.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The fact that you dont even know who the elite are proves my point.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The very wealthy are extremely concerned about keeping both their wealth and especially their influence hidden.
Ownership of large amounts of stock today is done via trust funds allowing money and power to be utilized without public scrutiny. Following citizens united corporations have the right to spend unlimited amounts of money on politics but there is no reciprocal right for the public to learn the the identity of the individuals who own those corporations and thus who benefits from said lobbying.
Attempts to hide your money in cash or through any anonymous exchange is an attempt to capture a far weaker version of a benefit the very wealthy already have.
I would agree CoinCube, it is VERY hard to find out what the Rothschilds hold, for example. Yes, the wikipedia article talks all about their castles & vineyards (some about banks too I think, it's a LOOOOONG article).
For every loudmouth like Bill Gates, there are probably three to five times as many (albeit not as wealthy as Gates) who do keep their wealth as hidden as possible.
Were I very rich, it's what I would do... Trusts, castles, political influence...
There may be a bunch of people between Warren Buffet and Bill Gates in the top 10 wealthiest people or whatever that won't ever say a word because, even just looking around on the internet, a lot of people want to take advantage of it.
Anyways, it is extremely likely that most of the wealthiest people have their funds hidden away in trust funds or infrastructure, as I have said.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The very wealthy are extremely concerned about keeping both their wealth and especially their influence hidden.
Ownership of large amounts of stock today is done via trust funds allowing money and power to be utilized without public scrutiny. Following citizens united corporations have the right to spend unlimited amounts of money on politics but there is no reciprocal right for the public to learn the the identity of the individuals who own those corporations and thus who benefits from said lobbying.
Attempts to hide your money in cash or through any anonymous exchange is an attempt to capture a far weaker version of a benefit the very wealthy already have.
I would agree CoinCube, it is VERY hard to find out what the Rothschilds hold, for example. Yes, the wikipedia article talks all about their castles & vineyards (some about banks too I think, it's a LOOOOONG article).
For every loudmouth like Bill Gates, there are probably three to five times as many (albeit not as wealthy as Gates) who do keep their wealth as hidden as possible.
Were I very rich, it's what I would do... Trusts, castles, political influence...
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
The very wealthy are extremely concerned about keeping both their wealth and especially their influence hidden.
Ownership of large amounts of stock today is done via trust funds allowing money and power to be utilized without public scrutiny. Following citizens united corporations have the right to spend unlimited amounts of money on politics but there is no reciprocal right for the public to learn the the identity of the individuals who own those corporations and thus who benefits from said lobbying.
Attempts to hide your money in cash or through any anonymous exchange is an attempt to capture a far weaker version of a benefit the very wealthy already have.
...
I think that we can learn something from the very rich.
They tend to hold things/investments of REAL VALUE. Shares in companies counts. Maybe bonds (maybe not!). Gold/Platinum. Real Estate. Fine Art (the very best only).
And probably more BITCOIN than most might imagine!
The pattern I usually see is DIVERSIFICATION!
* * *
"Our" TPTB above, and in other threads, properly identifies many weaknesses of BTC now. Some of which can obfuscate (mixing) and by hiding (small transactions, or many of them).
But, I think that in the longer run TPTB is correct. We need a better coin that will protect privacy better.
I think that we can learn something from the very rich.
They tend to hold things/investments of REAL VALUE. Shares in companies counts. Maybe bonds (maybe not!). Gold/Platinum. Real Estate. Fine Art (the very best only).
And probably more BITCOIN than most might imagine!
The pattern I usually see is DIVERSIFICATION!
* * *
"Our" TPTB above, and in other threads, properly identifies many weaknesses of BTC now. Some of which can obfuscate (mixing) and by hiding (small transactions, or many of them).
But, I think that in the longer run TPTB is correct. We need a better coin that will protect privacy better.
They dont care for privacy eh? Who are the elite you refer to btw?
The bankers and the richest persons on the planet. They already do what they do out in the open and have press conferences about their investments, for them its no point to hide it.
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