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Much of the apparent wealth seems to have come from the stock market melt-up as described by Jim Cramer. Flip is correct that ownership allows charging higher prices as inflation accelerates. Stocks represent ownership.

The U.S. Dollar seems to have lost some of its solid petro-support from Saudi Arabia. As the petrodollar dies, owning bluechip stocks can save one's own Commando-in-Mischief from inflation imported due to the weakened U.S. Dollar.

There's always a silver lining to the storm cloud. The 78% of us living paycheck to paycheck have an excellent hedge against rising inflation, eating up our net worth of near to zero.

As flip had said, what we owe (such as on home mortgages and that new car in the garage) would be much easier to be paid off by using inflated worth-less dollars as inflation picks up. I think flip will be rejoicing soon with the rising inflation (as turbo-charged by the trillion-dollar tax cut, mostly targeted permanently at the corporations and wealthy people) allowing him to charge higher prices.

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 9 hours ago

Yes, we are 78 percent of us living paycheck to paycheck.

& yet - on the local news tonight - one of the squawking heads was having a difficult time wrapping his head around = People who had no savings Well apparently said head never had to worry about having excess money in his pocket - from the cradle to local tv = too wealthy to know how better than 90% of the population live = hand to mouth

OK not 90% - yet - but getting damn close with each wealth care tax break that comes rolling down the pike.

A judge ordered a man to be released from jail Monday despite his plea to remain incarcerated on pending charges related to allegations that he told police Saturday there was a bomb in his backpack close to the Hotel Jerome, the venue for that evening's Aspen Hall of Fame induction ceremonies.

"I have no resources to do it," said defendant Troy Stiles, 48, in reference to paying a bond to be released from the Pitkin County Jail. "I'll sit in the country club down there — as long as it's not, like, five years of waiting. Obviously there's something called due process. As long as y'all take care of your end, I'm cool."

Aspen police arrested Stiles, a former Aspen Skiing Co. employee, after 3 p.m. Saturday, following reports from employees at Hotel Jerome of suspicious behavior that included his asking them where he could stand "to protest the murder of Lester Crown," according to an arrest affidavit.

Crown, 92, is the Chicago businessman whose family has owned Skico since July 1985. He was inducted into the Aspen Hall of Fame at its annual banquet Saturday night. The Crown family also owns 10 percent of stock in aerospace and defense contractor General Dynamics, according to Forbes.

Police, in the meantime, tracked down Stiles at the Pitkin County Library. There, Stiles told authorities he planned to protest the people attending the event, the affidavit said. Police told Stiles he would be allowed to peacefully demonstrate, which Stiles agreed to, noting that he would read from the Bible.

Stiles subsequently told police a bomb was inside his backpack, which he threw at the ground at the officers' feet. Stiles then picked up the backpack, allegedly telling officers, "I wouldn't do that at the Jerome."

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While Stiles had cooked up the bomb story, after talking to their supervisors, officers John Woltjer and Mark Anderson arrested Stiles on a felony charge of menacing and separate misdemeanor counts of obstructing a peace officer and disorderly conduct. Those charges are pending; it will be up to the District Attorney's Office whether to formally file them.

During his advisement hearing in front of Pitkin County District Court Judge Chris Seldin, Stiles argued, "I am a target for the Crowns, and that's why I'm here, because I speak out against them."

He also told Seldin he'd prefer to stay in jail.

"I have nothing," Stiles said. "I've got this yarmulke on my head, my glasses on my face … and my car."

The judge, however, said he did not consider Stiles a threat and ordered him released on a $1,000 personal-recognizance bond. That means that so long as Stiles makes his court appearances, he won't be required to pay the bond.

"It's unusual for me to have a defendant express a willingness to remain incarcerated while charges against him are pending," Seldin said. "It can be, in fact, a significant amount of time that can pass before a case is brought to trial."

Stiles' statements to the police, Seldin said, were "perhaps" intended "in jest and were construed strictly by law enforcement. It was notable that law enforcement did not initially arrest Mr. Stiles. It was only after that officer consulted with his supervisors that a determination to place him under arrest was made."

Stiles said he will fight the charges.

"I'm going to completely plead not guilty to (all) of this, so this is just all manufactured lies," he said.

Stiles had no legal counsel, and the judge urged him to sign up for a public defender. Prosecutor Sarah Nordgaard attended the hearing by telephone and sought a $1,000 cash-surety bond.

She said Stiles' past transgressions do not signal "a very significant criminal history." She noted a burglary conviction from 1988 in California that was dismissed in 2009, as well as a DUI conviction in 2000 and a DUI arrest in 2001.

"I've got more than two-and-a-half years sober now," Stiles said.


Google Lester Crown bribery New York Times or Chicago Tribune. Aspen Judge Chris Seldin was a member of the Lester Crown Society of Fellows (annual membership $2500) for over a decade.

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 9 hours ago

Please share that on twitter to any number of republican shitholes that are trying to blame the democrats for this last shutdown. Seriously - the republican toxic swamp turtle tried to blame the democrats for taking the military PAY hostage - when it itself objected to paying the military during the shutdown.

See: https://t.co/D0CTLdP6Bq

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 9 hours ago

Taxing stupidity.................... I think I like that But would there be a large enough revenue stream to keep government in operation?

Heh heh - silly me - because insanity could really be included in the stupidity tax and that has ramifications of solid inclusion of the insanely greedy........................Well wouldn't that be pretty much 100% of the wealthy few? as well as those poor dumb racist bastards that vote for thanksgiving (as turkeys) every opportunity?

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by gsw (3114) from Woodbridge Township, NJ 9 hours ago

When will they get to work on jobs and infrastructure?

Oh, how can we fix wealth inequality. I'd like a fruits and vegetables food card from my government, I could use for fresh and local fruits, then get an immediate rebate or 100 percent tax rebate for local fresh fruits and vegetables purchased. Good idea. Shift some of tax break for top 1 percent to pay for it. Actually how bout tax on just republicans, as they seem to like to give money to 1 percenters. Please can call it a tax on stupididty. Actually, this sounds like a good idea, would allow for "locally grown" food business to expand, and increase American's health too, with locally grown, healthy fresh foods, that are produced within a few hundred miles of the purchase. Healthy Food cards from the one percent. A good idea for govnt.

While at it, give young people and older people too, some tech and trade skills to build solar roads and high speed trains, and life work experience in construction as such, volunteer rebuilding army, in exchange for tuition credits to college.

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 9 hours ago

But

HEY

The economy is doing so well

if only for the very few

(shhhhhhh - you didn't hear that from me)

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by gsw (3114) from Woodbridge Township, NJ 9 hours ago

Let's keep repeating this truth till its fixed, even noted in this news feed https://hellogiggles.com/news/7-facts-about-wealth-inequality-that-will-shock-and-infuriate-you/

Oh, how can we fix wealth inequality. I'd like a fruits and vegetables food card from my government, I could use for fresh and local fruits, then get a 100 percent tax rebate for local fresh fruits and vegetables purchased. Good idea. Shift some of tax break for top 1 percent to pay for it. Actually how bout tax on just republicans, as they seem to like to give money to 1 percenters. Please can call it a tax on stupididty.

Actually, this sounds like a good idea, would allow for "locally grown" food business to expand, and increase American's health too, with locally grown, healthy fresh foods, that are produced within a few hundred miles of the purchase. Healthy Food cards from the one percent. A good idea for govnt.

While at it, give young people some tech and trade skills to build solar roads and high speed trains, in exchange for tuitions to college

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by gsw (3114) from Woodbridge Township, NJ 10 hours ago

Yes, we are 78 percent of us living paycheck to paycheck. Oh, hey, let's give more to the top percent and hold breath till it trickles down. Good Plan. Trump, Fix That!

https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by gsw (3114) from Woodbridge Township, NJ 10 hours ago

None of the new wealth went to the bottom 50 percent .... Welcome to the billionaire economy https://www.cbsnews.com/news/davos-oxfam-report-income-inequality-as-billionaires-rise/ Welcome to the billionaire economy .... "In the last year, there has been a new billionaire created every two days, and of the wealth that got created, the top 1 percent got 82 percent of it, and the poorest half got nothing," said Paul O'Brien, vice president for policy and advocacy at Oxfam America, a nonprofit focused on alleviating poverty. "That means 3.7 billion people got nothing of that new wealth."

The wealth boom tends to reward men, while women are predominately drawing the short straw. Structural issues such as the gender pay gap, a devaluation of women and their contributions, and discrimination are contributing factors to women's weaker economic positions, Oxfam said https://www.cbsnews.com/news/davos-oxfam-report-income-inequality-as-billionaires-rise/

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 2 points by gsw (3114) from Woodbridge Township, NJ 11 hours ago

THis news that 82 percent of new wealth created last year went to top 1 percent, this extremely sad fact made the mainstream media nightly news today, 1/22/18 CBS nightly news reported, on evening broadcast, and it was pretty stark pronouncement, that we here appreciate as par for the course.

Is this a democratic society that gives the wealth to top 1 percent Wealth, which they may or may not pay taxes on, hopefully it is taxed, as they can install their corporate fascism to us numbskull working rats and fools. Fix that trump!

Using the stock market for gauging wealth is falling into the trap of the wealthy people. A tiny bit of stocks traded at high prices can make everyone owning these stocks feel vastly richer. It literally "mints" apparent money from thin air because most stocks only have a tiny portion being traded on any certain day. If 0.1% of a particular stock traded has doubled its traded price, the Remaining 99.9% of the same stock are ALSO figured as if they had DOUBLED in their apparent money worth. However, it will take 999 = 99.9% / 0.1% times more REAL money to have the 99.9% portion of the stock be sold at the same doubled price. The fact is that the "everyone" can rarely sell these stocks at their high last traded prices. Liquidating stocks en masse will certainly depress the trading prices (the 1987 flash crash destroyed nearly a quarter of the apparent wealth of the U.S. stock market - very impressive indeed on paper and computers but it was a nothingburger Salmonella-made by the 9% interest rate at the Fed coupling to programmed trading). Stock market wealth is not completely real wealth. This is the reason why there must be recurrent stock market crashes from time to time to make the simulation (the stock market numbers game) track the reality of stocks' supply and demand in real money such as gold.

Gold is excellent for being real money because it is extremely difficult to produce en masse from mines. Its annual new supply is quite limited relative to the amount already mined. It's almost useless for most industrial purposes aside from coating electrical contacts so it's mostly just held as reserve to calm people's nerves. The U.S. Dollar shares a number of these characteristics with gold so it's also widely used as a reserve currency. It seems that the U.S. tax cut during the smooth-sailing time has indeed upset our apple cart so flip can rejoice because inflation is certainly coming as having been invited by the so-called fiscally "CONservatives" to enrich the 1%. Look forward to paying more for groceries and gasoline. Prices can become unhinged and erratic (much like an untreated diabetic patient's blood sugar level) as our Commando-in-Mischief's antics do.

Stock markets are designed to crash and burn the real wealth of the small investors and move a part of it to the stockbrokers and large investors who can wait for an opportune time to sell because the small investors cannot buy express exit at the onset of a crash. They also don't get the excellent in-time trading information others get.

Abundance is always relative to the capability to take advantage of resources, usually defined by the desires, motivations, skills, tools, technologies, knowledge, management, capital, etc.

What resources are needed by people is relative to the culture. Scarcity and abundance can exist in the same place at the same time because the means to avail of the resource differs.

When oil was first discovered in Saudi Arabia, it was NOT as desirable as water which was being drilled for at the time. What made Saudi Arabia so wealthy is the oil extraction technology, the trans-shipments to global markets, the refineries, the gasoline stations, the automobile internal combustion engines, airplanes, jet engines, diesel engines, ocean liners, etc. Saudi Arabia knew how to connect to the world oil market through Aramco.

Beach sand is NOT a resource for most people but silicon computer chips made from it can be worth far more than their weights in gold. Is beach sand a resource by itself? No! Beach sand near hydro-fracturing sites can be a valuable resource, though.

If we could only work well together as a peaceful and helpful species, we can have many abundant resources for most people, if not all. Look at the post-bellum debacle in Libya, for example. There is abundant sunlight. There is a lot of oil (sweet light crude which nearby Europe needs and craves). There is a lot of sand and huge amount of unused desert land. There is water infrastructure and water. It is close to Europe which can use solar electricity for sure. With the right technology, Libya can become a major energy and greenhouse food producer. Why didn't it happen? There's a major security problem. Peace breeds dividends. In a just society, equitably distributed dividends can in turn maintain peace. It's a virtuous cycle. No war and live abundantly.

As Alexis de Tocqueville had observed about Anglo-America, it was BLESSED by having NO GOLD, NO SILVER east of the Mississippi. Costa Rica is another similar case, with a fortune distinct from the neighbors which were "blessed [but really cursed]" by their having gold and silver.

Yeah, love and peace and peace and love. Paradise.

Oh yes, fear and peace and peace and fear can also work well, like Hell.

A chain ties a slave to the master and the master to the slave.

Thread: Inequality gap widens as ‘world’s richest 1% get 82% of the wealth,’ Oxfam says
[-] 1 points by agkaiser (1980) from Fredericksburg, TX 15 hours ago

Approximately 82 percent of the money generated last year went to the richest 1 percent

An economy that allows this disparity is broken beyond repair.

Thanks for this post...it is important to remember why this movement exists...I can't say too much more because the suffering around the world almost can't be spoken in words I just get a visual of children starving, of humanity toiling...when the world has so much abundance but so few have taken posession of resources.... something is very wrong here and it is tragically sad.

Thread: Fascism Livin in the USA
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 1 day ago

Fascism Livin in the USA

Worse

It's living in t Oval Office the current admin & the republican Senate & Congress!

Thread: Nowhere
[-] 1 points by grapes (5074) 1 day ago

For Trumpeninsulia of Cloacia (better than "shitholes" in evading censorship), Government by corporate contract is Not macho enough. What we need is Government by corporate expand, using poo-tin-ium power with a nuclear-power-plant cooling tower to deter the safety of the World through the {elephant-foot-melting-to} America Syndrome. Ooz.

Thread: Nowhere
[-] 2 points by DKAtoday (33383) from Coon Rapids, MN 1 day ago

How many Border Patrol entrepreneurs can get rich by taking over the Coyotes' businesses? Many may see the wall as a waste of resources and money. However, some bright lights will see only opportunity for themselves that goes far beyond what working Americans might gain from using the $18 billion to fix crumbling infrastructure that we would improve all of our lives, not just the few parasite racketeers!

Yep - shutdown t black market & do illegal immigration transactions through a corporate set-up - isn't that something t private sector (wealthy few ) want? USA military by corporate contract - border guards by corporate contract - prisons by corporate contract - police by corporate contract - health care by corporate contract - and of course the always popular Government by corporate contract!

Thread: Nowhere
[-] 1 points by agkaiser (1980) from Fredericksburg, TX 1 day ago

How was the Great Wall of China breached?

Temüjin bribed the border guards, who opened the gate and let the Great Khan's Hoard through.

How many Border Patrol entrepreneurs can get rich by taking over the Coyotes' businesses? Many may see the wall as a waste of resources and money. However, some bright lights will see only opportunity for themselves that goes far beyond what working Americans might gain from using the $18 billion to fix crumbling infrastructure that would improve all of our lives. But the Capitalist way is to enrich just just a few parasite racketeers!

Thread: Nowhere
[-] 1 points by grapes (5074) 2 days ago

Yeah, absolutely, "a fish rots from its head down." A shutdown of the U.S. Government was expected. At the last time it happened, we spent a few billions of taxpayer dollars for what amounted to a very expensive lesson that we didn't learn. Refusing to pay the bills while there is still money to pay is very stupid (but befitting Trumpeninsulia {of Cloacia} perhaps). It cost even more to clean up the mess created, not to mention the loss of credibility, and the creation of ill-will.

"There's a king on a throne with his eyes torn out, There's a blind man looking for a shadow of doubt, There's a rich man sleeping on a golden bed, There's a skeleton choking on a crust of bread..."

Israel built a wall around Gaza City (How many Syrian refugees has Israel taken in since 2011 whilst its neighbors were taking in millions? Why? I think I know - First Amendment right of the "secular Jewish" State of Israel regarding non-Jewish refugees). How do the lessons there apply to the U.S.-Mexico-border wall?

We are a "secular Christian" Trumpanzee country with First Amendment rights for all (including "shithole" countries). We love porn (especially the sexploitation of women and girls) - just ask the NSA ich-übe-Cello folks - in the whole world, they have the greatest stash {iTube, uTube, boobTube, bluTube, lubeTube, rubeTube - Tube, Tube, Tube!}, in U-tar-d, moolah country. "Sorry, No abortion today," - the Holy Spirit has just come to the doctor!

How was the Great Wall of China breached? There was also the "impregnable" Maginot Line. How did the Germans overcome that obstacle to invade and conquer France within six weeks?

Oh, also don't forget the lessons of the Berlin Wall!

Einigkeit.

Heil Gorbachov!

Thread: Jill Stein another Russian agent, just like Trump.
[-] 1 points by ImNotMe (1488) 2 days ago

Oprah and Hellary - are your beloved DNC/DLC and Dem Establishment's idea of .. 'Political Leaders' dummy, so stop bleating and own it! As for me, I'm for a Bernie/Tulsi 2020 ticket! Meanwhile consider:

Btw, the history that can not speak its name or tell its tale, is that DNC/HRC wanted DJT to run thinking that they could, should & would beat him - but guess WTF happened?! So U're more to do with tRUMP now in the fkn White House than I ever was, or could have been!!! Geddit dummy?!! I doubt it! Anyway,

veritas vos liberabit ...

Thread: Nowhere
[-] 1 points by ImNotMe (1488) 2 days ago

''Donald Trump Talks Government Shutdown, Sep 20 2013'' ...

respice; adspice; prospice ...

Thread: Nowhere
[-] 1 points by DKAtoday (33383) from Coon Rapids, MN 3 days ago

The Orange 1's threatened shutdown has happened. I'm pretty sure it has. I mean like there was no national news media breaking news announcement interrupting regularly scheduled programming and things are pretty quiet this morning. I guess this news story does not rate as much attention as when Bieber walked off the stage. Yeah - things are pretty fucked-up folks.

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