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Who are the 1%?
page: 2share:
reply to post by projectvxn
You mean 120% loan to value.
And don't forget at least 14:1 leverage for banks, when it went for years at 4:1 and 5:1 and 7:1. Banks basically have free reign to create money now, and therefore they loaned it out at staggering rates, and with staggering risks.
We create currency out of thin air, and it isn't just the Fed doing it, it is the Treasury, and the Banking Cartel, and the World Market, and in some cases artificial re-valuation like China has done and Iraq is plotting to do.
The entire system is completely broken, and the only way out is painful. BUT, it is time we yank off the bandaid. Elect Paul, pull back, let the cards tumble down, take our lumps with some dignity and get to the process of rebuilding.
You mean 120% loan to value.
And don't forget at least 14:1 leverage for banks, when it went for years at 4:1 and 5:1 and 7:1. Banks basically have free reign to create money now, and therefore they loaned it out at staggering rates, and with staggering risks.
We create currency out of thin air, and it isn't just the Fed doing it, it is the Treasury, and the Banking Cartel, and the World Market, and in some cases artificial re-valuation like China has done and Iraq is plotting to do.
The entire system is completely broken, and the only way out is painful. BUT, it is time we yank off the bandaid. Elect Paul, pull back, let the cards tumble down, take our lumps with some dignity and get to the process of rebuilding.
reply to post by projectvxn
320,000 is 'not' a wage that grants them into possessing a portion of 99% of the wealth.
The wealth of this country is spread out into billions and trillions.
People who make 320,000 elite-measly dollars are sitll paying taxes, still grinding their guts into the wheels of the system even though with much luxury while they do it.
You fail to make note of the fact that the true owners of 99% of the wealth are in a position where the majority of them need-do next to nothing in order for that cash to flow into their control.
Its not the business owner working 7 days a week to haul in 300k.
Its the fat cat making 22 million this year.
They are the true 1% - I dont care how you spin it.
GM
320,000 is 'not' a wage that grants them into possessing a portion of 99% of the wealth.
The wealth of this country is spread out into billions and trillions.
People who make 320,000 elite-measly dollars are sitll paying taxes, still grinding their guts into the wheels of the system even though with much luxury while they do it.
You fail to make note of the fact that the true owners of 99% of the wealth are in a position where the majority of them need-do next to nothing in order for that cash to flow into their control.
Its not the business owner working 7 days a week to haul in 300k.
Its the fat cat making 22 million this year.
They are the true 1% - I dont care how you spin it.
GM
edit on 11-10-2011 by Gradius Maximus because: (no reason given)
reply to post by getreadyalready
120 percent loan to value would have the borrower paying 20% more on their loan than the entire loan+ interest is worth.
That's theft. I'm talking about down payments in order for you to get a loan for ANYTHING.
If you can't come up with 20% to satisfy the requirement for a loan on a vehicle, then you don't get the loan until you do. Same goes with housing.
Banks should NEVER have been and never should be allowed to loan to people who can't afford it. And people who can't afford these loans should never be allowed to get them until they can afford it.
120 percent loan to value would have the borrower paying 20% more on their loan than the entire loan+ interest is worth.
That's theft. I'm talking about down payments in order for you to get a loan for ANYTHING.
If you can't come up with 20% to satisfy the requirement for a loan on a vehicle, then you don't get the loan until you do. Same goes with housing.
Banks should NEVER have been and never should be allowed to loan to people who can't afford it. And people who can't afford these loans should never be allowed to get them until they can afford it.
edit on 11-10-2011 by projectvxn because: (no reason given)
reply to post by Gradius Maximus
When you're dealing with percentages it is best to use actual math rather than arcane and fuzzy political statements to quantify your numbers.
Actually it is. And I believe I'm backed up by facts.
When you're dealing with percentages it is best to use actual math rather than arcane and fuzzy political statements to quantify your numbers.
320,000 is 'not' a wage that grants them into possessing a portion of 99% of the wealth.
Actually it is. And I believe I'm backed up by facts.
edit on 11-10-2011 by projectvxn because: (no reason given)
Originally posted by projectvxn
reply to post by pointr97
Yeah...That's what I'm saying.
The problem with the "System" is the government.
You don't even know what the government did to get things as bad as they are.
Here's a few terms for you to wikipedia on your spare time as you lambaste productive people:
Glass-Steagall Repealed
20% Loan to Value
Reserve Ratios and Leverage requirements
Separation of investment and Commercial banking(to include loans, depositor services etc.)
Federal Reserve System
When you find out how all of these issues come together you will understand how the banking system was allowed to be so irresponsible and why they have been and still are allowed to get away with murder. It has NOTHING to do with how much money you make. Only how MUCH ATTENTION you pay.
The OWS people would have you believe it's about how much money a rich person has...Oh how misguided this country has become.edit on 11-10-2011 by projectvxn because: (no reason given)
i'm familiar with that, and even further..such as when we bailed out companies like AIG who were taking out up to 100+ foreclosure insurance policies out on a single plot. 99 of those had no stake in it, but AIG created the policy anyways. So when we bailed those insurance companies out, it was to pay off all those policies that didn't actually have a stake in that property. This is the system you would like to maintain, got it....not a problem....This is also the system that sends our brothers and sisters in arms overseas to protect their own pocket books.....Sorry, but I feel our troops need to fight the good fight, not the fight that earns an extra dollar.
The whole system is fubar and the only way to fix it is with a vote...Our main problem is we have no voter turn out.....yes, we are too lazy to go to the ballot box, and we have let this happen...Well, it is time to fix it, and put people into office that actually represent us, and not big business.
edit on 11-10-2011 by pointr97 because: (no reason given)
Let's clarify here: It's less than one percent.
If they were saying, "we are the 99.9983 percent!" would that make it more meaningful for ya?
If they were saying, "we are the 99.9983 percent!" would that make it more meaningful for ya?
The following is my opinion as a member participating in this discussion.
I'm just curious about how you feel regarding companies jacking up the the cost of their services, while at the same time cutting staff, benefits, salaries, implementing salary and hiring freezes, while at the same time posting record profits and taking record bonuses?
Has it ever even occurred to anyone who debates on behalf of the corporations that they are the ones who want more profit every year, but refuse to trickle any of that profit back to the people who make that profit for them?
You don't find it even slightly questionable that with all these corporations out there, making as much as they do, so few people make even a 100K per year?
Who do you think is setting the national average wages? Who do you think is behind the outrageous unemployment numbers? Its certainly not the government, its these corporations and their rich masters.
If you have ever known some of these people, like I have, you would know that many of them feel very entitled, and they tend to be exceptionally cheap. If they can get something for nothing, or work done for slave wages, they are the first ones in line every time.
As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.
reply to post by CaptChaos
It's really not about the numbers they use to spread their propaganda. It's about their misguided notions of who has the money, who owns what, and who is actually corrupt.
These people have NO IDEA what they are protesting against.
It's really not about the numbers they use to spread their propaganda. It's about their misguided notions of who has the money, who owns what, and who is actually corrupt.
These people have NO IDEA what they are protesting against.
reply to post by defcon5
There are explanations for such things:
Margin Pressure and the Coming Wave of Private Sector Layoffs(Updated)
Most people have no idea how the system works. How inflation ties into it, or what the role of a business actually is.
The impetus of business isn't to hire people. It's to create profit and expand. Hiring is a necessary by-product of that cycle, but not the purpose of it.
There are explanations for such things:
Margin Pressure and the Coming Wave of Private Sector Layoffs(Updated)
Most people have no idea how the system works. How inflation ties into it, or what the role of a business actually is.
The impetus of business isn't to hire people. It's to create profit and expand. Hiring is a necessary by-product of that cycle, but not the purpose of it.
reply to post by projectvxn
I think you're over estimating the income that a small business owner grosses per year. I'd say that 300,000 probably constitutes a small chain of businesses.
I think you're over estimating the income that a small business owner grosses per year. I'd say that 300,000 probably constitutes a small chain of businesses.
since we are talking evil wall street and those evil evil corporations the main reason they are well to do is because they are doing something people
are not.
they diversify and branched out to other parts of the world they are called multinational for a reason and the main reason they do that is to survive and to those who think they are entitled to what they make from other parts of the world thats added in to their bottom line.
its a simple concept thats like me sitting here and saying new york is entitled to californias revenue they have no grounds for taxation or entitlement.
the only time is when they bring money into this country which is the prime reason trillions are sitting there offshore because they would lose over half of that just bringing back in here.
who the hell can blame them now if more people diversify outside of this country the people would be sitting in the same places but that aint on them.
thats on GOVERNMENT
they diversify and branched out to other parts of the world they are called multinational for a reason and the main reason they do that is to survive and to those who think they are entitled to what they make from other parts of the world thats added in to their bottom line.
its a simple concept thats like me sitting here and saying new york is entitled to californias revenue they have no grounds for taxation or entitlement.
the only time is when they bring money into this country which is the prime reason trillions are sitting there offshore because they would lose over half of that just bringing back in here.
who the hell can blame them now if more people diversify outside of this country the people would be sitting in the same places but that aint on them.
thats on GOVERNMENT
Originally posted by Ghost375
They are referring to the 1% that owns 80% of the wealth.
The 1% doesn't own 80 percent of the wealth.
:shk:
Sheesh!
The 1% own roughly 34-38% of the wealth in this country. And that's not just cash. That's in property, investments, business ventures, and other assets.
reply to post by neo96
No, the main reason they do it is to make more money because they are greedy and can never get enough.
and the main reason they do that is to survive
No, the main reason they do it is to make more money because they are greedy and can never get enough.
This 99% 1% garbage is taken straight out of Marxist sloganism The many workers blah blah blah
It means nothing other than to try to make you think you are somehow empowered by learning you are a part of the great big 99%. It is meant to embolden you to think you have numbers on your side.
Simple psychology on the masses.
Turns people into sheeple overnight.
It means nothing other than to try to make you think you are somehow empowered by learning you are a part of the great big 99%. It is meant to embolden you to think you have numbers on your side.
Simple psychology on the masses.
Turns people into sheeple overnight.
Originally posted by Ghost375
reply to post by neo96
and the main reason they do that is to survive
No, the main reason they do it is to make more money because they are greedy and can never get enough.
Yep, that small business making 320,000 dollars per year(that before taxes and cost of regulation, and employing people) sure are evil aren't they.
They are in the 1%.
reply to post by projectvxn
This is a symptom, not the root cause.
Normally if you produce widgets, and the demand for widgets drops, the price of those widgets has to drop as well. This is how the US economy has always stayed equalized in the past, yet that is not happening this time. Why?
IMHO. The root cause is that the elites have hoarded so much US money, and off-shored so much production, that they have forced the buying power of the dollar down through their own greed. If they are hoarding 80% of the currency, then there is only ever 20% in circulation, forcing the fed to have to print more money. The more money the fed prints, the less each dollar is worth compared to foreign currency. So the cost of slave labor production in foreign countries becomes more expensive, as their money becomes more valuable and ours less.
Its an equalization of world currencies, again due to their either intentional or unintentional hoarding, which is bringing our standard of living in the US down, and other counties up. What will eventually happen is an equalization, where it will cost the same to produce the same object in either country. Then, because of the tariffs involved, production will come back to the US. Unfortunately by then we will be living at near third world standards.
The following is my opinion as a member participating in this discussion.
This is a symptom, not the root cause.
Normally if you produce widgets, and the demand for widgets drops, the price of those widgets has to drop as well. This is how the US economy has always stayed equalized in the past, yet that is not happening this time. Why?
IMHO. The root cause is that the elites have hoarded so much US money, and off-shored so much production, that they have forced the buying power of the dollar down through their own greed. If they are hoarding 80% of the currency, then there is only ever 20% in circulation, forcing the fed to have to print more money. The more money the fed prints, the less each dollar is worth compared to foreign currency. So the cost of slave labor production in foreign countries becomes more expensive, as their money becomes more valuable and ours less.
Its an equalization of world currencies, again due to their either intentional or unintentional hoarding, which is bringing our standard of living in the US down, and other counties up. What will eventually happen is an equalization, where it will cost the same to produce the same object in either country. Then, because of the tariffs involved, production will come back to the US. Unfortunately by then we will be living at near third world standards.
As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.
reply to post by defcon5
You don't cause inflation by not allowing money to flow freely. Inflation is caused by money flowing too freely and creating price ramps.
When you couple that with unemployment you get margin squeeze. So you have two choices when you're a company.
Eat the costs until you can't anymore and potentially go out of business, or raise prices and lay some more people off.
Look to the Federal Reserve and the flagrant spending in congress. I would also look at free trade agreements and how they help feed the unemployment in this country.
Government has caused most of these problems. Not business.
You don't cause inflation by not allowing money to flow freely. Inflation is caused by money flowing too freely and creating price ramps.
When you couple that with unemployment you get margin squeeze. So you have two choices when you're a company.
Eat the costs until you can't anymore and potentially go out of business, or raise prices and lay some more people off.
Look to the Federal Reserve and the flagrant spending in congress. I would also look at free trade agreements and how they help feed the unemployment in this country.
Government has caused most of these problems. Not business.
edit on 11-10-2011 by projectvxn because: (no reason given)
reply to post by Ghost375
funny you say that just described ows and every liberal ideal
second line agrees 2-1 democracy in action gotta love it.
funny you say that just described ows and every liberal ideal
second line agrees 2-1 democracy in action gotta love it.
reply to post by neo96
It's funny....Some of the responses here are wonderful...
"It's not that 1% it's the other 1%!"
Wow.
It's funny....Some of the responses here are wonderful...
"It's not that 1% it's the other 1%!"
Wow.
edit on 11-10-2011 by projectvxn because: (no reason given)
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