The People vs. Goldman Sachs
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i want their blood to run in the streets
Didn't you see some of our money (bailout money) in your paycheck though??? I mean I agree, but I see's a conflict of interest. As well don't you favor deregulation? cause this is a prime example of what happens when you do.
1. Did anyone that works at JPM, Deutsche, Credit Suisse, GS, MS, etc ever buy a bike from H&F's? Then you saw bailout money in your paycheck.
2. I have NEVER favored deregulation of the financial markets. Track my posts about high frequency trading, fiduciary responsibility, Glass-Steigel, short selling regulation, etc. I support the removal of govt support (ie fiscal) within the markets. If you go the wrong way on a trade and get screwed, so be it.
also, i funded global terrorism yesterday when i topped off the tank
Exactly. Idealism /= Reality, despite what Mooshu is learning*
*This is a loosely used definition of the occurring action
Derivatives are purely math, so it makes sense.
in project mayhem, there are NO survivors.
And I rode my bike 100 of the last 100 days to work and school
WAIT WAIT WAIT, You're using trickle down theory as an argument and saying I have issues learning..... Even if one of those JPM asswipes did buy a bike a $15,000, that's about 0.15 percent of the average bonus those executives received, and I can guarantee that they already had that 15K in the bank to begin with.
Edit, crunched a few more numbers, with a trillion dollar bailout, that's roughly 3300$ a person. After wholesale you're going to be left with 4-5K to deal with overhead and make some profit. If there is a few people that work at the shop, so on and so forth. So even if that were the case that I sold a bike to one of those dickheads, he still owes me a good chunk of cash as far as I'm concerned.
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go play with your sticks, the adults are speaking.
But the adults ruined the economy they had there chance, It's my turn now. I want my future kid/s to be able to go to college one day. At least I have enough sense not to write the richest slimiest crooks in the country a trillion dollar blank check. As well I would have had enough sense not to deregulate.
Now if you want some medicare when you're old I suggest you let the youngens take the reigns, at least we know to not do what the old people are doing
lulz 1234
so you're going to bring this revolution by lifting your truck, banging stupid chicks, and getting sh*tty backroom tattoos?
You mean the truck with the leveling kit???? Or the stupid bitch who I kicked to the curb 6 months ago to focus on school??? I haven't got my hammer and sickle on the back of my head yet, so I'm not helping out there either yet....
lol
you guyz are sooo mean to TheMontashu
you guyz are sooo mean to TheMontashu
Would you like a cookie?
You made the assumed correlation. It was more content than ability, but if you want to profess that you have learning issues, go to town.
Yes, saving money is a difficult task. Somehow I managed to pay off ~$20k in debt and save 10% of my income over two years when I was making the whopping income of $50k/y. Keep ranting about having money in the bank until you have it, and someone ten years your junior comes asking for it because it's fair.
As for this emotionally charged drivel, how much do you think the average JPM employee makes? What does that average look like when you back out the C-Suite? Do you know what actually defines an executive?
Hell, how much do you think I make? According to your logic, I am one of those guys too. I can tell you with definite confidence that I do NOT make anything near an executive can (let alone the C-suite), but my income says I'm $1,000/y away from being one. So I now owe you money?
You seriously need to get off your pedestal and come back with solutions to the problems that you have. Legitimate solutions that will not appease anybody, but have enough give to make everybody willing to give. It's not as easy as take from the "rich", give to the poor.
If you REALLY want to see things change, get your generation educated on the realities of the issues our country is facing. The number one issue our country is facing is fiscal, everything else comes as a derivative of our fiscal woes. We can't have healthcare without money, we can't have SS without money, we can't buy food if inflation keeps growing, we can't get out of debt if we keep spending money. It's all about the money! Learn the realities of our fiscal woes, stop pointing fingers at everybody who got us here (our grandparents and parents), and start coming up with solutions to fix it.
The fact is, despite all of our social and political differences we are all intrinsically linked by the fiscal woes of this country. We ALL need to make cuts across the board, sacrifices must be made and most will be lifestyle.
On one of your pet topics: Would it be nice for everyone to go to college? Yes. Is it a reality that not everyone in college is actually smart enough to be there? Yes. Do we need people to work in manufacturing? Yes. People that don't/shouldn't be in college should not be burying themselves in debt to get an education they will not need. What actual value does a photography or cooking degree have?
I can go on for days here, but I think you see where I am going. You are blaming everyone else for the problems we have, but you have no solutions. Most of us on the board are either getting involved in our local governments (dante) to being fiscally responsible enough to not contribute to the problems. Protesting doesn't do isht. Get truly active in your community and be the squeaky wheel to the local govt and work your way up from there.
So in summary, know what the root of the problem is, look for solutions to these problems, and get involved in fixing them. Or for a lack of better phrasing: Put up or shut up.
just because we can't fix stupid doesn't mean we can't try
I honestly don't think he is a stupid as he comes across. He is very idealistic, as many of us were at his age, but to an extreme. If he takes some of the things we say and how we hammer on him to heart, hopefully it will help when he gets to the real world. And as harsh as it sounds, his getting vetted by an extremely critical crowd online is a painful, but hopefully educational lesson.
It is FAR better than walking into reality to learn these lessons the truly hard way.
Not really, I like riding my bike, the bike ride is enough motivation
That wasn't my point you cockhead, my point was that they STOLE a whole bunch of money, to the tune of 3 grand a person. I'm transfering with 10K in the bank, so I can come out with no K in debt, all my own money, all my own work.
Not everyone determines value based on monetary worth. There are far more benefits to higher education than just job training.
BTW, there are plenty of successful professional photographers and chefs who make just as much as you probably do.
[Joker] Soylent green for everyone!!! [/Joker]
I think this is probably a Joe the Plumber type exaggeration.
Executive chefs can make upwards of 100K annual. Commercial photographers that do advertising work are very well paid.
I'd be surprised if the likes of Jamie Oliver or any Mitchelin rated chefs earned that little.
My buddy just got paid to shoot a music video for some band that headline's warped tour, but he's actually talented. Most of those kids are morons though. Especially the sound engineers, so useless.
1. Agree, but when you commit yourself to serfdom by debt, what is the real value?
2. I have no doubt, but I"d be willing to put good money that most of them did not go to school for their trade. Those are both skill sets that are raw, natural talents.
I do agree with Toshi on the quantity though. There might be hundreds of professional photographers that make more than I do, but compared to how many people who are professional photogs, there are very few as successful. Same with cooks.
The guy that does Diners, Drive-ins and Dives just had his Lambo stolen, but I think he's an outlier. How many chefs make more than $100k, let alone enough to get a Lambo?DaveW said:
You don't need student loans for that. Look at the housing/mortgage collapse for example. Way too many people committed to serfdom by living well beyond their means just by acquiring things that they don't really need nor can afford. The McManision, giant gas guzzling SUV, 52" plasma tv, multiple trips to Wally World and Sam's to stock up on massive amounts of buying in bulk under the guise of saving money eventually leads to insurmountable debt.
Wrong, a lot of them are graduates of art/design school and culinary school. Out of the thousands of artists, designers, photographers, craftsmen, and chefs that I have known, I can only think of two that are at the top of their professions who were self taught. While, success in the arts is reliant on raw, natural talent, it usually needs to be cultivated and developed with formal training and practice.
I don't really care there are enormously rich people. Part of it is your own status. I remember being in Harlem and kids there though my family was rich because we owned an attached house purchased for $28k in '71 and 2 crappy cars (my mother and father were both city employees).
But the mismanagement of America's wealth is what upsets me. There is plenty of blame to be handed out, from people who should not be buying houses to Goldman tying the risky debt to my personal wealth.
I hate that we bailed them out.
You can't default on school loans. Hence, serfdom.
This.
Total number world wide?
Not a clue, but taking the mitchelin guide's list of 1 stars as a guide it'd be in the thousands.
Hell I can think of 3 here in Wellington (a small town by world standards, pop 300k) that would make it into the $100k bracket.
Let us look at the US alone:
How many chefs are on TV programs? Maybe 30-50?
How many restaurants are in the country? There are over 7,000 in SF alone. I'd guess north of 100,000, which means one for every 40,000 residents in the US.
Assuming each restaurant has one chef, a sous chef, and the cooking staff (2-3 line cooks), you are looking at 4-5 chefs/cooks per kitchen.
So 100,000 restaurants, 5 chefs/cooks means 500,000 chefs/cooks in the country. That 30-50 'famous' chefs is less than .01% of chefs are famous enough to be on TV. How many chefs are rated by Michelin? Assuming there are 2,000 rated (in the US, which is probably high), you are now looking at .4%.
Also note the >90% failure rate of restaurants, and you can see where I'm going here.
Now extrapolate those numbers Globally. How do those numbers look?
And what's the percentage of people that trade shares in one form or another who don't have a takehome pay from it in excess of $100k?
And what is that as a percentage of the total population?
Looks a pretty sh*t percentage I'm guessing..... Guess you'd all better packup and go home to collect a government unemployment benefit instead then aye.
Or in the category of "Chef's" do you also include burgerflippers at BK and kitchen hands that are blatantly not chefs? Cos that would be like all the mom & pop's trading in markets like you, how many of them have gone to school for formal training in that field?
And what is that as a percentage of the total population?
Looks a pretty sh*t percentage I'm guessing..... Guess you'd all better packup and go home to collect a government unemployment benefit instead then aye.
And going back to the original point I was making instead of blundering along with your out of context whinging strawman waffle....... Are you saying that these people I mentioned don't earn in excess of $100k?
professional chefs? I'd say almost all of them (90%+) have formal training.
Or in the category of "Chef's" do you also include burgerflippers at BK and kitchen hands that are blatantly not chefs? Cos that would be like all the mom & pop's trading in markets like you, how many of them have gone to school for formal training in that field?
You would be shocked by the number of people in the industry that did not go to school for banking of some form. Trading and sales especially. Most of our research analysts came from other industries entirely then learned financial accounting. Their understanding of the underlying fundamentals of the industry they cover came from working in the industry for years.
Bankers on the other hand are almost all business and econ majors with a touch of asshole thrown in. They also have an extremely high % of the MBA's in the business.
With the exception of the few traders that took down the street, most of whom were Quants, there are very few people doing such that have formal business degrees. As for the Quants, most have physics, math, engineering, and computer science master's and PhD's. They are the ones who really f*ed up by constantly buying assuming that nothing could go wrong. Most traders have a gut feeling that creates a level of safety. When you only believe in your computer models, scary things happen.
Bankers on the other hand are almost all business and econ majors with a touch of asshole thrown in. They also have an extremely high % of the MBA's in the business.
With the exception of the few traders that took down the street, most of whom were Quants, there are very few people doing such that have formal business degrees. As for the Quants, most have physics, math, engineering, and computer science master's and PhD's. They are the ones who really f*ed up by constantly buying assuming that nothing could go wrong. Most traders have a gut feeling that creates a level of safety. When you only believe in your computer models, scary things happen.
What in the fvck?