Forum Post: Updated / Illusive + Lulzsec
Posted 10 years ago on July 7, 2013, 11:50 p.m. EST by AntiPoverty
(-3)
This content is user submitted and not an official statement
So many economists, financial experts, investment firms, all see the same thing. Problems that should bring asset prices down. Things that would normally cause economic downturn. But they have been disappointed for the last 3 years, waiting for the consequences. Are they all crazy? I mean... they see indicators, they look for reasons why things aren't making sense. It's just that, well... nobody can put their finger on it. You know, "it!". That thing that would explain the markets working outside what they learned in school, throughout their professional careers. So what is it? This is the question I am stuck with myself. I have no doubt the Piper will be paid, he always gets his in the end. I'm just curious what is holding together a financial sector that doesn't have the revenue to justify it's gains. Looking at the earnings and revenue revisions for each quarter over the last 2 years, you can see they are actually in decline, from commodities to tech, ect...
I suspect that with a decline bigger than the Great Depression, we will see an equally huge fraud scandal unfold. I hate to sound like a nutter but there is no way to hide this without the help of the media and our governments. Maybe this is what Michael Hastings from CBS was on to. It sounded absurd to me when I first heard it and it still sounds so over the top, but it's actually far more believable than the record profits on WallSt while every quarter they claim gain and revisions show loss.
Is it worth losing the faith of the American people, to support a handful of stuffy rich assholes?
Lulzsec finds link between Chamber of Commerce and defense contractors.
https://www.youtube.com/watch?v=uoyuXzM059Q
http://www.salon.com/2011/02/11/campaigns_4/
http://www.michelemoore-happy1.com/2011/02/hbgary-and-anonymous-overlooked.html
Remember Enron!
[Deleted]
The bailout did not, and never would have worked. How can you call yourself a democrat while believing that handouts to banks is all the economy needs to operate? The bailout did nothing to close the gap between rising CPI and wages. The working class could not then and cannot now support the economy under the current conditions. Until wages go up, or deflation is allowed for, this BS called a recovery will continue. The working class play an essential role in the health of the economy because they make up the largest share of consumers. If the working class is just "getting by" then they are unable to grow, therefore the economy at large will remain unable to grow. Unless the 1% are going to begin purchasing enough goods and services to make up for what the working class cannot currently afford? Realize it or not, your line of thinking that the bailouts were a solution, is exactly the thinking of trickle down economists. Feed the top and it will trickle down.
Anyone that doesn't understand the importance of wages and the working class to the overall economy, is a republican. Knowingly or not.
[Deleted]
http://www.nytimes.com/2010/10/08/business/08subcompact.html?_r=0
How much do you figure the employees lost in purchasing power from their pay cuts, while the white collar jobs at GM took no pay cuts, even though they were close to the blame for bad management? Did the bailouts trickle down to the workers? No! Did they keep a company in business? No! GM was already filing bankruptcy and was going to undergo restructuring, but was not in any real danger of actually closing it's doors.
Sell your trickle down to someone else.
One Mic
The truth needs SEO too :)
Merica!
Invisible