Ronnie Moas, stock picker extraordinaire, on what's wrong with capitalism

POSTED BY: SIGNYM
UPDATED: Wednesday, August 31, 2016 20:42
VIEWED: 3273
PAGE 1 of 1

SIGNYM

Saturday, June 28, 2014 8:33 AM

Cheers!

THGRRI

Saturday, June 28, 2014 9:31 AM

You crack me up. I hear this shit from everyone I know on a daily basis. I speak to it myself constantly and in a more informed manner than I heard in the video. How is it you think the rest of us do not know what the problems are in the world and need to be enlightened by you in such a rudimentary way? I heard complaints about American news agency’s not being willing to cover this story. I hear about it all the time in the news and from politicians wanting to be elected. Have you ever heard of Senator Bernie Sanders? Have you ever heard of Elizabeth Warren or Ralph Nader? It sounded to me like the guy was doing an infomercial to gain followers. Looks like he found one in you.

I checked out the site of the Keiser Report. From what I saw they make headlines with negative reporting and little else. As I said, I heard nothing I did not already know. I briefly researched the Ronnie Moas guy. He has no clients I noticed. He is like a real estate guy selling books on how to sell real estate. You have a single minded purpose easy to see. You are the one on the street corner warning people it is the end of the world.

si shen

CHRISISALL

Saturday, June 28, 2014 9:34 AM

Quote:
Originally posted by THGRRI:
You crack me up. I hear this shit from everyone I know on a daily basis.

I feel for you.

THGRRI

Saturday, June 28, 2014 9:38 AM

Quote:
Originally posted by chrisisall:
Quote:
Originally posted by THGRRI:
You crack me up. I hear this shit from everyone I know on a daily basis.
I feel for you.

Hello precious, nice to hear from you again. Leave now, and never come back!

si shen

CHRISISALL

Saturday, June 28, 2014 10:02 AM

Back atcha boo.

1KIKI

Saturday, June 28, 2014 11:15 AM

I see, as usual, our favorite troll and sock puppet has nothing but opinion and flame-bait.

REALLY not worth your time, Mr Isall.

SAGAN: We are releasing vast quantities of carbon dioxide, increasing the greenhouse effect. It may not take much to destabilize the Earth's climate, to convert this heaven, our only home in the cosmos, into a kind of hell.

SIGNYM

Saturday, June 28, 2014 12:24 PM

"To My Fellow Filthy Rich Americans: Wake Up, People. The Pitchforks Are Coming

Quote:

Memo:
From Nick Hanauer
To: My Fellow Zillionaires

You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor.

I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine.

...

But let’s speak frankly to each other. I’m not the smartest guy you’ve ever met, or the hardest-working. I was a mediocre student. I’m not technical at all—I can’t write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future. Seeing where things are headed is the essence of entrepreneurship. And what do I see in our future now?

I see pitchforks.

At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast. In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent.

But the problem isn’t that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution.

And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last.

If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn’t eventually come out. You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It’s not if, it’s when.

Many of us think we’re special because “this is America.” We think we’re immune to the same forces that started the Arab Spring—or the French and Russian revolutions, for that matter. I know you fellow .01%ers tend to dismiss this kind of argument; I’ve had many of you tell me to my face I’m completely bonkers. And yes, I know there are many of you who are convinced that because you saw a poor kid with an iPhone that one time, inequality is a fiction.

Here’s what I say to you: You’re living in a dream world. What everyone wants to believe is that when things reach a tipping point and go from being merely crappy for the masses to dangerous and socially destabilizing, that we’re somehow going to know about that shift ahead of time. Any student of history knows that’s not the way it happens. Revolutions, like bankruptcies, come gradually, and then suddenly. One day, somebody sets himself on fire, then thousands of people are in the streets, and before you know it, the country is burning. And then there’s no time for us to get to the airport and jump on our Gulfstream Vs and fly to New Zealand. That’s the way it always happens. If inequality keeps rising as it has been, eventually it will happen. We will not be able to predict when, and it will be terrible—for everybody. But especially for us.

http://www.zerohedge.com/news/2014-06-27/my-fellow-filthy

THGRRI

Saturday, June 28, 2014 6:15 PM

Quote:
Originally posted by 1kiki:

I see, as usual, our favorite troll and sock puppet has nothing but opinion and flame-bait.

REALLY not worth your time, Mr Isall.

That video post deserves criticism and not much of anything else. It was a very poor attempt to make a point discussed on another thread without offering up solutions or suggestions on how to improve our current system which was asked for on the other thread.

si shen

THGRRI

Saturday, June 28, 2014 7:08 PM

Quote:
Originally posted by SIGNYM:
"To My Fellow Filthy Rich Americans: Wake Up, People. The Pitchforks Are Coming

Memo:
From Nick Hanauer
To: My Fellow Zillionaires

You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor.

http://www.zerohedge.com/news/2014-06-27/my-fellow-filthy-rich-america
ns-wake-people-pitchforks-are-coming

Again nothing but a message of doom. What's your point? To scare us to death? It's the end of the world. I think if you want to start a discussion you should try a different tack.

si shen

THGRRI

Sunday, June 29, 2014 7:48 AM

Signym posts the message of anyone who supports her twisted views of the world. She also twists the truth to accomplish the same. Capitalism needs a lot more government oversight but signyms approach is not helpful.

si shen

SIGNYM

Sunday, June 29, 2014 12:40 PM

Quote:
Again nothing but a message of doom. What's your point? To scare us to death?

Are you a gazillionaire like Nick Hanauer, first non-family investor in Amazon and all-around filthy rich venture capitalist??

No???

Then the pitchforks aren't aimed in your direction! If you think they are, then you have delusions of grandeur! And it's been fun laughing at you!

THGRRI

Wednesday, August 31, 2016 2:59 AM

Quote:
Originally posted by 1kiki:

I see, as usual, our favorite troll and sock puppet has nothing but opinion and flame-bait.

REALLY not worth your time, Mr Isall.

Just so we understand each other 1KIKI. You and others like you like to label people who disagree with you. So It should be no surprise to you or SIG when you get called on it.

You will also notice that I called it with SIG a long time ago and she is still proving my point. Anything she can do the cast shadows on the West she will do.

____________________________________________

Russia trolls get contract extension
http://www.fireflyfans.net/mthread.aspx?bid=18&tid=60719

THGRRI

Wednesday, August 31, 2016 3:00 AM

Oops

1KIKI

Wednesday, August 31, 2016 9:16 AM

Just so we understand each other THUGGR. You and others like you like to label people who disagree with you. So It should be no surprise to you when you get called on it.

si shen

Let me just point out that the author left out vital relevant facts in the opinion piece. Doing that is known as cherry-picking. And whether you do that in the news, in discussion, in debate or in opinion, when you distort the facts, you've changed the nature of your communication into propaganda. But WE don't have any of THAT in the US, do we?!

REAVERFAN

Wednesday, August 31, 2016 8:11 PM

Is this worth watching?

THGRRI

Wednesday, August 31, 2016 8:42 PM

Quote:
Originally posted by reaverfan:
Is this worth watching?

Nope, it's just a poor attempt by SIG to stir things up.

____________________________________________

Russia trolls get contract extension
http://www.fireflyfans.net/mthread.aspx?bid=18&tid=60719