Leave it to Chicago to fight back against the Occupy Wall Street protesters.
They pull a knife, you pull a gun. He sends one of yours to the hospital, you send one of his to the morgue.
These fuckers still take the cake (and the champagne).
Awwww, they kindly let us know which windows to toss them out of! How thoughtful!
Let ’em know how funny they are.
Chicago Trading Corp. LLC.
Yeah you are the 1 percent that just never will understand it will you, you greedy little bastards…asshats
1% controlling 80% of the wealth
and loving every minute of that
The upper 1% because shit floats
Why is there still glass in those windows? Don’t they have paving stones in Chicago?
Been a while.
Full disclosure, I used to, (I wanna stress *used to*), work in investment banking years ago. My mother’s pre-existing condition took care of whatever I brought back from a very brief sting on Wall Street. The way things are *supposed* to work, the system isn’t all that bad. Us folks invest money so business has the capital to make and do things, and we should get back something for the letting them use our capital.
But, when the “Masters of the Universe” muck with the rules, write their own, and rig the game so the rest of us are locked out with no chance to get ahead, then it freaking stinks.
Case in point – there used to be what was called an “uptick” rule that prevented you from shorting a stock, (borrowing it from someone, selling it, hoping to buy it back cheaper and pocket the difference). You had to wait for that stock to rise in price before you could turn around and short it again. It kept the short sellers from hammering stocks so they fell in a self fulfilling cycle.
Another case in point, the price you pay at the gas pump is so high, even after the price of Texas crude fell is that a bunch of folks manipulate the price of what’s called Brent crude oil. Speculators artificially inflate the cost of Brent crude to keep it high. Thing is, from an institutional standpoint, you don’t need a heck of a lot of money to do it, because you can buy oil futures contracts on relatively low margin, (Where you put up some of your money, and the broker lends you the rest – so you can control a heck of a lot more of those futures than you could otherwise. Sell the futures contract, pay back the loan, pocket the difference.) Raise the margin requirement for these contracts, and it prevents these speculators from forcing you to pay astronomical prices at the pump. Hell, the conservatives should even go for this, they want “market forces” to adjust prices right? Right?
But it isn’t just the manipulation of markets, with labor arbitrage, and the willingness of companies to allow their products to be manufactured by slave labor – there is no way the American worker can compete. Wouldn’t a nice hefty tariff on goods manufactured by oppressed workers be “spreading freedom and democracy”? Wouldn’t a penalty for companies who offshore their customer service be patriotic? (Everyone likes to talk about identity theft – did you know that most of your healthcare claims are processed in India, use the Google machine to look up Alit Systems, or to find how many Accenture employs over there at criminally low wages.)
Or how about a company that does business with our enemies? A company that pollutes and just pays the fine, uses a faulty gas line that burns two young people to death, and steals oil from the government?
Oh yeah, they’re into union busting and propping up Tea Party candidates.
Wanna *really* get pissed? Read this:
Traveling Man –
It has been a while.
No lectures, just glad to see your handsome mug about the joint again, classing up the place.
Regardless of all that you say, what worries me the most is that the Multinationals have discovered the 3B+ consumers in Asia (China + India), which makes our 300M insignificant. That’s a geometric progression. What this recession has shown is that US Multinationals don’t need the US market. So many people write these simplistic scolds, “Don’t they understand that their own workers cannot afford a Ford anymore?”
OK. So what?
Well, when market forces (they who have the money) dictate who get the goods, it means others won’t get the goods. So… as the sea level rises with global warming, wanna bet what happens to the price of rice grown in the US (if you can even find it)? What about other crops that can be sold for more money in Asia. What about gasoline? What about… well, anything?
It’s not price gauging I’m worried about. Scarcity is going to be the next big indication that we are a third-world country. They are not going to sell it here. They have a market over there, where the money is (now that there is a middle class over there).
The Multinationals have moved on. Bank on it.
Heh – my Freudian slip is showing, I meant “stint” on Wall Street….
Thanks for skipping the lecture Ten; it’s been bat-guano crazy for me the last few months.
I had a real flat-head moment when I read your reply. Those facts never occurred to me in that way. This, coupled with the Citi memo at Monkeyfister has put my in my Rodin pose….
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