Category: not obvious
The Next Financial Crisis Worse than 2008? Which Politician Will Expose it?
I have always been warned of the great wealth transfer from the middle and lower class to the wealthiest. I first thought it would be through the devaluation, then revaluation of gold, but I didn’t realize that it was engineered through Washington programs, financial crisis, stock compensation and accounting tricks.
I have been reading and found this. Attribution is below and comments should consider this if you get upset, especially if you lose your shirt. Here are some excerpts:
“Corporate earnings reports for the fourth quarter are pretty much in the books. The deception, falsification, accounting manipulation, and propaganda utilized by mega-corporations and their compliant corporate media mouthpieces has been outrageously blatant. It reeks of desperation as the Wall Street shysters attempt to extract the last dollar from their muppet clients before this house of cards collapses.”
“The previous all-time high in stock buybacks occurred in 2008 at the previous peak. That brilliant strategy led to 50% shareholder losses in a matter of months. No Board of Directors fired any CEO for these disastrous strategic blunders. These cowardly ego maniacs didn’t buy back any stock in 2009 and 2010 when they could have made a killing with valuations at decade lows. After the stock market recovered by 100%, these stooges then began borrowing and buying. It has now reached another all-time high crescendo.
Dividends and stock buybacks in 2015 topped $1 trillion for the first time according to S&P Capital IQ Global Markets Intelligence. As CEOs have borrowed billions to buyback their inflated overvalued stock, they have put the long-term sustainability of their firms at extreme risk.”
“The 2008 Wall Street created financial crisis will look like a walk in the park compared to what’s coming down the pike now. We now have a bond bubble, stock bubble, housing bubble, commercial real estate bubble and central banker confidence bubble all poised to pop simultaneously. The negative interest rate and banning of cash schemes will be dead on arrival, driving a stake into the heart of the Fed vampire.”
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Even the billionaire oligarch crony capitalist Warren Buffett addressed this despicably flagrant flaunting of basic accounting principles to mislead shareholders in his annual letter last week:
It has become common for managers to tell their owners to ignore certain expense items that are all too real. “Stock-based compensation” is the most egregious example. The very name says it all: “compensation.” If compensation isn’t an expense, what is it? And, if real and recurring expenses don’t belong in the calculation of earnings, where in the world do they belong?
Wall Street analysts often play their part in this charade, too, parroting the phony, compensation-ignoring “earnings” figures fed them by managements. Maybe the offending analysts don’t know any better. Or maybe they fear losing “access” to management. Or maybe they are cynical, telling themselves that since everyone else is playing the game, why shouldn’t they go along with it. Whatever their reasoning, these analysts are guilty of propagating misleading numbers that can deceive investors…. When CEOs or investment bankers tout pre-depreciation figures such as EBITDA as a valuation guide, watch their noses lengthen while they speak.
Buffett’s words are borne out in the chart below. Based on fake reported earnings per share, the profits of the S&P 500 mega-corporations were essentially flat between 2014 and 2015. Using real GAAP results, earnings per share plunged by 12.7%, the largest decline since the memorable year of 2008. Despite persistent inquiry it is virtually impossible for a Wall Street outsider to gain access to the actual GAAP net income numbers for all S&P 500 companies. With almost $500 billion of shares bought back in 2015, the true decline in earnings is closer to 15%.”
I do not support any politician in my blog. I’m generally not happy with any of the current crop. One is called out in the following paragraph that causes problems with Wall Street….
“The establishment is aghast that Donald Trump is storming towards the presidency. They are blind to the fact their unconcealed felonious actions rise to the level of treason in the eyes of average hard working Americans. The fabric of this country is being torn asunder by a contemptible class of corporate fascists, ego maniacal bankers, shadowy billionaires, and media titans. They have reaped billions of profits since 2009 as the Fed and politicians in D.C. rolled out “solutions” designed to enrich them. They are confident their failures will be shifted to the American people again. The American people may have a different opinion this time. Pitchforks and torches are being readied.”
I found this article from The Burning Platform which was entitled the Great Corporate Earnings Fraud.
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15 Things That #Introverts Would Never Tell You, But You Should Know
I read this article and could hardly believe it. It was me. I’ll editorialize between the lines based on past and current experiences, but people should realize that people are different and here is one group that is virtually unnoticed but should be understood.
The link is now broken, but here is the annotated article:
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Introverts catch a lot of shit for being introverted. The whole world seems
so enamored by extroverts – the people we know who just want
to be around people all the time. While we introverts might
not want that, it doesn’t mean we’re depressed or
suicidal or anything wacky like that. There are
some things you should know about us.
1. Small talk sucks.
We’re just not very good at it. We’re typically the big-thinking types.
We like big ideas and theories. Small talk is uncomfortable.
We don’t care about the weather or how
your cat has been doing.
It is very annoying because it mostly is useless to us.
If you need to share so badly,
check with an extrovert who can’t wait to share back.
You just won’t get good
feedback from us.
2. Being alone is fine.
Seriously, we’re doing okay, even if we hole up in our houses for a while.
We don’t need other people for stimulation. We find that ourselves.
We’d almost always rather be alone. We don’t want to be hermits,
but we are good at keeping ourselves busy and this is
our comfort zone for life.
We don’t have to be with a crowd to do something,
although we might come
along once in a while.
3. We aren’t rude or uptight.
We might seem like that at first, but get to know us. We’re still a fun bunch
of friends, we just don’t always acclimate to unfamiliar settings and people
so quickly.
Mostly because you are loud and want to be the center of attention,
something we can’t relate to. When we find out who you really are
behind the facade, it’s easy to get to know us, unless you are phony.
4. Sometimes, we swing both ways.
We might be introverts, but sometimes we are just so the life of the
party. We do this willingly when we’re up to it, but we can’t always
keep that kind of energy going. If we throw a party, great! But give
us some time to recover.
Recover is the key word. We can be with or in a crowd, but afterwords,
we need time alone.
5. We have friends. And they like us! Probably.
People hear the word ‘introvert’ and think of the goth kid sitting alone
at the food court. That’s a whole different thing entirely. We love having
friends, and our friends love having us! We put in a conscious effort for
people we think are worth it.
We see through those who are not worth it and move on as those who
have a constant self centered need for attention aren’t real people,
and likely are far more insecure than we are.
6. When with the right people, we feel safe.
Having the right people in our lives is amazing. we really give our
best selves to the best people. We shine in the right company.
But sometimes it takes a while to find those people.
7. We like to write things out.
Writing is easier than talking for us sometimes. Email is the best
because it helps us get the thoughts out of our heads without
being interrupted. Thinking about giving us a call? Try a text or email instead.
8. We’re super productive.
Sometimes at least. Usually in our alone time, we’re able to really
rock and roll on projects that we need to finish. The solitude helps us,
as we tend to be a bit more distractible than most.
Especially when you constantly talk about nothing just to talk. At work,
the people who have to comment on everything are the worst as
it usually isn’t productive. See small talk.
9. If we don’t like you, you won’t know it.
It’s the truth of the matter. We hate conflict. So even if we don’t like you,
we’ll still be nice. It’s a lot easier than being real with you. Especially if
your feelings are inconsequential enough that confronting you on your
bullshit isn’t even worth the time. Sorry. Well, not sorry.
And we move along without you as you just aren’t worth it.
10. Networking events suck.
Seriously. Is there a mailing list we need to opt out of? There are few
things more uncomfortable than a networking party. Except maybe a
dentist’s networking party that we’ve just been accidentally invited to.
Yes, so why do extroverts keep trying to drag us into this nightmare?
11. We don’t like crowds.
Though I find that after a few beers, I can tolerate it. Introverts tend to
get overstimulated easily, so big crowds are tough to deal with.
It’s just not worth it. Those who have MOP (miss out phobia)
have to be with the crowd, not us. See number 2.
12. Sorry, we probably weren’t listening to your story.
We care deeply about our friends, but people outside of that
circle will have a tough time maintaining our attention. It’s not
that we have ADD or anything like that, we just don’t really
care about you. On the plus side, we won’t judge you, so feel
free to tell us all the fucked up things you said to your ex.
People will tell me anything and everything because
I won’t repeat it. But usually won’t remember it either.
13. Don’t make a fuss out of our birthdays.
For the longest time, I had a great deal of difficulty
understanding why I hated my birthday so much.
Everyone I ever knew would come out and party
with me! But then I realized: that’s the problem!
We don’t need to make a fuss out of our birthdays,
so please don’t do it to us.
Or any holiday for that matter. It’s just another day.
14. We don’t want to make a fuss out of your birthday.
We can quietly honor the annual birthday, right?
It’s your day. You have everyone else making a big deal about it.
Let them.
15. If we’ve chosen to be friends with you, appreciate it.
We value our alone time. If we see you often, it means that we
really love you. Just don’t get too bummed out when we
don’t hang for a week at a time sometimes.
We’ll likely be the most reliable friend you have, the one
you can call on when your loud friends let you down.
But visitors are like fish, they smell after 3 days.
Hat tip to Higher Perspective.
What they might not tell you but you need to know is that they are good for your business.
- Bonus: How to date and introvert, by an introvert.
Delusions of Adequacy 