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shiny new shoes please
17 Jan 22 01:10
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Date Joined: 29 Sep 08
| Topic/replies: 12,933 | Blogger: shiny new shoes please's blog
Billionaires have had a terrific pandemic.
Central banks pumped trillions of dollars into financial markets , yet much of that has ended up lining the pockets of billionaires
Billy & co. Cheers lemmings ,please send more ...
governments should tax gains made by the super-rich during the pandemic and use the money to fund health care systems.. Comedy gold
The New God - Totalitarianism
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Replies: 27
By:
Giuseppe
When: 17 Jan 22 01:14
i wish i was a billionaire
By:
shiny new shoes please
When: 17 Jan 22 01:19
ExcitedHappyGrin some cash cow


bigger increase than in the previous 14 years combined. The world's richest 10 men saw their collective wealth more than double, shooting up by $1.3 billion a day.

The report was released ahead of the World Economic Forum's online Davos Agenda AngryExcitedLaugh
To the moon
I got 5 on it Sad
By:
Giuseppe
When: 17 Jan 22 01:28
"The world's richest 10 men "

I think mo and lfc are on that list
By:
shiny new shoes please
When: 17 Jan 22 01:41
/\extremely rich and powerful to exploit this crisis for their own profit.Laugh
Has this happened before Confused

MACKLEMORE & RYAN LEWIS - THRIFT SHOP FEAT. WANZ

4.05 punchtownAngry
By:
clouded leopard
When: 17 Jan 22 10:13
It has happened before Shiny yep

History shows we've reached this 'tipping point' many times with debt based economic models

So much cash floating around the system it means literally nothing any more, firing into anything resembling an asset before the whole thing blows

And that's when you get these massive distortions with this ugly cash. More fraud, more corruption, an ever growing wedge between rich and poor.

We are now at extreme ratios, possibly even beyond the 1920's already

And the central bank is losing their grip and running out of space to do anything about it. Like a runaway train

Only trouble this way lies .....
By:
politicspunter
When: 17 Jan 22 10:21
Just you wait...Laugh
By:
Johnny The Guesser
When: 17 Jan 22 10:23
Maybe billionaires just invent and develop products that we all choose to buy.
By:
Johnny The Guesser
When: 17 Jan 22 10:26
There will be some commercial property owning billionaires that have taken a severe battering, but don't let that spoil your theories.
By:
clouded leopard
When: 17 Jan 22 11:06
Deary me
By:
clouded leopard
When: 17 Jan 22 11:07
^

And this shows exactly why they've been getting away with it for generations ..... zzzzzzzzzzzzzzzz
By:
Just Checking
When: 17 Jan 22 11:52
"Central banks pumped trillions of dollars into financial markets , yet much of that has ended up lining the pockets of billionaires "
This is of course, bullsh1t.
Yes the richest people are richer, but the banks didn't pump money into their companies, and it's uneven as to who got richer.
Elon Musk for example top of the list has seen Tesla shares skyrocket, as has been discussed on this very forum. That's not due to the taxpayer giving him it, it's because investors (I disagree with them I wouldn't buy Tesla shares) think Tesla is a good buy, it goes up, he gets richer. It's that simple. And Tesla shares have went through the roof. Have central banks been handing Jeff Bezos money? No. Amazon shares have shot up as well, a lot of that due to their IT services doing well. Microsoft and their major owners? No.

Please tell us how much money central banks have just handed to Bill Gates and Amazon and Tesla etc, go on, cite a source.
By:
clouded leopard
When: 17 Jan 22 12:16
Really terribly naive yet again

When the Fed goes ahead and creates new liquidity to the tune of many trillions of usd of course it benefits the 'holders' of assets (stocks.real estate, land etc and this favours the rich/middle classes over the

You think the average person owns Google stock ?

inflation above 20% is what we are seeing in real terms, not the bullshine figure they feed you every month

For most every other mug they are now chasing much higher prices with no real wage inflation

They have not been shy in setting policies to 'create' this inflation , it's been done time and time again

If they wanted to knock it on the head do you not think they would have been more agressive in raising rates ? 

Fact is , they cannot raise rates in any meaningful way and are now stuck until another crisis gives another opportunity to print away the dollar



So, while you may not find a direct entry from the Fed straight into Bill Gats bank account there is still direct correlation between Fed policy and the rich getting bumper windfalls through the extension of these unicorn fantasy financial markets... that aren't even markets any more. Just a pension fund for the generational wealth of the top 1%
By:
Just Checking
When: 17 Jan 22 12:31
"You think the average person owns Google stock ?"
Many will, indirectly, through their pension funds or ISAs.
By:
shiny new shoes please
When: 17 Jan 22 12:41
/\The report was released ahead of the World Economic Forum's online Davos Agenda
$1.3 billion a day

@nancytracker Crazy

critics have questioned whether the “vaccine pass,id” or QR will make a any difference, like rats coming out of the woodwork ,bless

Dire Straits - Money For Nothing
By:
clouded leopard
When: 17 Jan 22 12:44
Many ? How many ?

You're talking a small percentage of individuals who are luck enough to have exposure to stockmarkets

Not your average fella

Most of SP500 for instance is owned by just a few huge entities who are now, with their shareholdings,setting new policies on the boards of these companies

Woke policies, pushing for mandates etc


Blackrock
Vanguard
State street


A handful of Google shares here and there doesn't make a blind bit of difference

The central bank policy has and is benefitting the ruling elite way beyond and above. And they want more
By:
Johnny The Guesser
When: 17 Jan 22 13:18
When the Fed goes ahead and creates new liquidity to the tune of many trillions of usd of course it benefits the 'holders' of assets (stocks.real estate, land etc and this favours the rich/middle classes over the


You are stating the bleeding obvious and think it proves some sort of conspiracy.

When Governments borrow money for support it benefits everybody. They take money from future generations and enable it to be spent today. The people get given it in support at a time of crisis who then spend it on products and services. The people who supply those products and services in the most efficient manner get wealthier.

Hardly earth shattering stuff.
By:
clouded leopard
When: 17 Jan 22 14:03
Johnny , how much of the stimulus actually reached 'the people's pockets' ?

Mate , you aint got the slightest scooby what you are talking about

A recurring theme from you
By:
clouded leopard
When: 17 Jan 22 14:05
It most certainly does not 'benefit everybody'

The exact opposite occurs
By:
clouded leopard
When: 17 Jan 22 14:07
It's been happening for many decades



“If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”

― Thomas Jefferson
By:
shiny new shoes please
When: 17 Jan 22 16:31
Moderna combo COVID/flu booster in 2023 , 2nd or 3rd generation Confused

break down resistance among individuals to vaccines.
World Economic Forum
Only the beginning
6\7 .. Tick.. 13 is achievable .. To the moon

Kansas - Carry On Wayward Son
By:
Just Checking
When: 17 Jan 22 16:42
"Johnny , how much of the stimulus actually reached 'the people's pockets' "
Well for a start all the various Furlough programs and Business Support packages here in the US would either pay people's wages or keep the businesses they work for afloat.
Also in the US they directly gave money to people, a direct cash payment of $1,200 per person, plus $500 per child. In the US:
Stimulus and Relief Package 3: The CARES Act
The third—and largest—relief package was signed into law on March 27, 2020. By nominal dollar amount, it is the largest single relief package in U.S. history. This law, which is called the Coronavirus Aid, Relief, and Economic Security Act and nicknamed the CARES Act or Phase Three, appropriated $2.3 trillion for many different efforts:

    One-time, direct cash payment of $1,200 per person, plus $500 per child
    Expansion of unemployment benefits to include furloughed people, gig workers, and freelancers until Dec. 31, 2020
    Additional $600 of unemployment per week until July 31, 2020
    Waived early withdrawal penalties for 401(k)s for amounts of up to $100,000 until Dec. 31, 2020
    Mortgage forbearance and a moratorium on foreclosures on federally-backed mortgages for 180 days
    $500 billion in government lending to companies affected by the pandemic
    $367 billion in loans and grants to small businesses through the PPP and the expanded Economic Injury Disaster Loan (EIDL) program
    More than $130 billion for hospitals and healthcare providers
    $150 billion in grants to state and local governments
    $40 billion for schools and universities
So .. yes they just gave a big pile of money to Jeff Bezos and Elon Musk. Not.
Details here. Not that those who have already made their mind up will care.
https://www.investopedia.com/government-stimulus-efforts-to-fight-the-covid-19-crisis-4799723
By:
clouded leopard
When: 17 Jan 22 16:52
clue

less
By:
clouded leopard
When: 17 Jan 22 16:55
Cares Act yada yada

We all know what was passed .... 30-40 % of all USD were created in 2020/21 .. the stockmarket shows you this


of course they don't just GIVE to the elite


the elite are already well positioned.. the creation of endless dollars pumps their bags exponentially

a few one off payment of 1200$ and plenty of jawboning does not create equality but keep reading the official blurb
By:
Just Checking
When: 17 Jan 22 16:55
Thanks for your informed response. I presume you took one look at the big factual article with all those scary paragraphs and words and went back to the morning star.
By:
clouded leopard
When: 17 Jan 22 16:55
Normal Joe's are up shyte street

it is not difficult to grasp
By:
clouded leopard
When: 17 Jan 22 17:07
I've been working in the financial markets over 30 years JC

Been with some very large American/German banks along the way

I've also read through The Cares Act

have you ?
By:
shiny new shoes please
When: 18 Jan 22 23:11
GrinExcitedLaugh Americans are comedy gold

RAGE RISE & Bashing The Unvaxxed - Follow The Money!!
https://youtube.com/watch?v=lzMxmQsTmEg
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