Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Al Jazeera)   Because we rigged the system, duh. Also, FU poors   (aljazeera.com) divider line
    More: Obvious, Economics, Poverty, central banks, financial incentives, pandemic began, wealth increase, world's richest person, financial market investments  
•       •       •

1081 clicks; posted to Business » and Main » on 27 Dec 2022 at 10:20 AM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



8 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-12-27 8:52:07 AM  
Why do the rich get richer - even during global crises?

Because if you have enough money to invest, you can bet on something (invest for future growth in expansions) or against something (short things in recessions).

The problem is having enough money to invest in the first place.
 
2022-12-27 9:22:55 AM  
The average consumer's understanding of the system is like 60 years in the past and that gap is widening every day.

The multinational business interests have controlled the minds of society with the media and on-demand streaming services, while processed foods, sugar and alcohol feed space alien microbes living in their guts.

Our bodies are vehicles for the native microbiome living in our intestines, and a large section of the population has had their gut microbes colonized by space aliens, we don't know who the first person to be colonized is, we assume it was The Pope.

Exercise and proper diet prevents the alien microbes from gaining a foothold in your gut, and keeps your native gut microbiome resilient against attack.

Frank Stallone's gut microbiome is the John Conner of this planet.  Our models demonstrate that, assuming The Pope was the first human to have his gut microbiome be colonized by the space alien bacteria, we can theorize that the Catholic Church built a synthoid called "Lorne Michaels" to go after Frank Stallone.

The entire cast of SNL is made from synthoids, it's how they get the alien gut microbes messages spread to the masses.

With the help of Howard Sten and Conan O'Brien, Norm Macdonald was the first human with a native gut microbiome to sneak onto the cast of SNL undetected and warn Frank Stallone of this impending battle between native and space alien gut microbiomes.

/The cosmic rays penetrate the tin foil
 
2022-12-27 10:20:08 AM  
i.ytimg.comView Full Size
 
2022-12-27 10:55:32 AM  

bostonguy: Why do the rich get richer - even during global crises?

Because if you have enough money to invest, you can bet on something (invest for future growth in expansions) or against something (short things in recessions).

The problem is having enough money to invest in the first place.


The wealthy didn't have to bet.  Major airlines pushed the GQP to remove Elizabeth Warren's employment mandate from the covid bailout.  So they got the money and laid off most of their staff, earning massive profits from government grants and loans they could opt not to pay back.
The government also dropped interest rates and were offering the wealthy large loans at only 0.75% interest rates where wage earners were asked to pay around 3% interest for fixed home loans, 20% on credit cards, and 300%+ on payday loans.
The truly wealthy used the opportunity to buy and sell businesses, or go all the way with full vertical integration.  The low interest rates inflated values of assets tremendously.  This included stonks and real estate as well.  It also meant that existing loans could be refinanced at much lower interest rates.
So those with money could easily find no risk approaches to greatly increase their income.
 
2022-12-27 11:24:57 AM  
Because they stack the deck
 
2022-12-27 2:18:45 PM  
The rise is asset prices can be very good if you have assets. If you don't have assets, not so much.  Furthermore, it makes it more difficult for the have-nots to join the haves since it becomes harder for them to obtain the now more expensive assets.
 
2022-12-27 3:40:36 PM  
FTA: "At the same time, close to 9.7 million people - more than the population of any European nation"

Completely wrong, and it is odd for Al Jazeera to fail at basic facts like that. Google puts around 15 European countries with greater population.
 
2022-12-27 3:52:21 PM  
How The United States Ended Up With Two Right-Wing Parties
Youtube 6LPuKVG1teQ
 
Displayed 8 of 8 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.