Presented Without Comment

160
Thu, Dec 1, 2011 - 10:55pm

For laughs and maybe even for some semi-serious discussion, the following is presented for your consideration.

Caution: If you are easily offended, you might want to skip this entirely.

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About the Author

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turd [at] tfmetalsreport [dot] com ()

  160 Comments

maravich44
Dec 2, 2011 - 1:33am

.@atarangi..

..light worker, are you?

Senseosensei
Dec 2, 2011 - 1:35am

Video comment

Yes, everyone has to work to make a living.

And it used to be that if you worked hard, you got the reward(s), and your kids would see you as an example on how to live a fruitful life.

And then you wake up, and realize most of what you earn goes into a system that mostly benefits 1% of the curve. Taxes, your 401k that gets busted, hidden inflation, wars you never asked for, terrorism laws that make you stand in line at airfields to get stripped like some piece of meat. And if you happen to get into a situation where you fight for what you thought were your rights, be it MF Global, a foreclosure of your house that wasn't the banks to begin with, or something else that goes against the system, you find out the laws were not for you and you get screwed by the very own people you voted for.

While, at the same time, you see politicians, bankers, and other "self made men that embody the american dream" that enrich themselves with louche deals, in a very dishonest manner.

In such an environment it is very hard to keep the faith.

foggyroad Temporalist
Dec 2, 2011 - 1:35am

@ Temporalist

I agree Carolla"s introduced two topics and mixed them together, one, people"s sense of entitlement and envy of rich people, and OWS'ers anger at Bankster's looting of America.

Quite clever really.

OWS'ers, righteous anger at being reamed is being spun like this by all msm types.

I have heard very little real analysis of why, thousands of out of work people, retiree's, students indebted to the teeth, are willing to brave, pepper spraying lougens, slagging by so called" peoples representatives", cold and misery to exercise their constitutional rights to peaceful assembly and speech.

I know why, but, Why dosen't the so called journalists in the country want to know?

cris
Dec 2, 2011 - 1:36am

Yeah, it is a little offensive actually

Corolla starts, as many other do, from a fundamentally flawed premise and a fundamentally flawed logic. It doesn't matter how much the "top 1%" of the population pays in taxes - the critical issues is what percentage of their RESURCES are paid in taxes. If the top 1% of the population has 50% of the resources, DAMN RIGHT they should pay 50 of the taxes. Of course, it is perfectly understandable why the argument is framed the other way - it makes the argument SOUND more reasonable. It FEELS correct. But it isn't. And there is NOT a problem with ENVY. There is a problem with fairness. People don't ENVY getting raped. Or for that matter, they don't envy the rapist because they would rather be the one doing the raping. They understand at a fundamental level that the entire process of the rape is unjust. We are being raped by the kleptocracy. Btw, great explanation at ZH tonight: https://www.zerohedge.com/news/hedge-fund-insider-explains-why-retail-in... so ass douches like Corolla (his term) can continue to get laughs from people who cannot think critically about simple math, nut it doesn't make him correct. and I love how hypocrites who support this line of thinking are often the very first people to also invoke family values etc in conversations about social issues as if they are "Christians", when this type of philosophy is the very last thing Christ would have supported, at least in my reading of His teachings.

Gil
Dec 2, 2011 - 1:38am

Disclosure: Adam Carolla is a

Disclosure: Adam Carolla is a comedian, not a financial analyst. If you must flame, flame him for bad comedy, not for an analysis of the financial crisis that he did not offer.

cris
Dec 2, 2011 - 1:43am

Presented without comment

From ZH: Zero Hedge had been advocating that regular retail investors shun the equity market in its entirety as it is anything but "fair and efficient" in which frontrunning for a select few is legal, in which insider trading is permitted for politicians and is masked as "expert networks" for others, in which the government itself leaks information to a hand-picked elite of the wealthiest investors, in which investment banks send out their "huddle" top picks to "whale" accounts before everyone else gets access, in which hedge funds form "clubs" and collude in moving the market, in which millisecond algorithms make instantaneous decisions which regular investors can never hope to beat, in which daily record volatility triggers sell limits virtually assuring daytrading losses, and where the bid/ask spreads for all but the choicest few make the prospect of breaking even, let alone winning, quite daunting. In short: a rigged casino. .............. I'm writing this in hopes that the OWS movement can have a better understanding of the hedge fund industry and the financial markets. With OWS being the zeitgeist of current politics, I think it's important to know how exactly the hedge funds, along with the financial markets are destroying the 99%. Hedge funds. These guys are basically the vehicles of choice for ultra-rich people to get into the financial markets, besides family offices and private wealth managers. What are hedge funds? They are funds that have a 1-5 million deposit minimum, cater to the mega-rich, and can invest in anything without regulatory restrictions, use leverage to pump up their exposure by 15x, and pretty much eat up a vast majority of the industry's profits. These guys invest in EVERYTHING. Instruments you've heard of - stocks, bonds, forwards, futures, currencies, and instruments that you, me, or anyone else have never even heard of, much less know anything about: commodity future swaptions, FRA/OIS swaps, CLOs, exotic future options, p-notes, index/commodity/equity exposures, and a huge array of OTC (over-the-counter) instruments that no regular investor would ever have access to. Why I bring this up: the financial markets are rigged. 99% of the investing public has access to services such as basic brokerages, 401k/IRA's, mutual funds, pension plans, etc. Some of these services, especially pension funds, will invest into hedge funds, who take an additional 2 and 20 (meaning 2% of assets plus 20% of capital gains). What this means is that if you go any of the traditional retail routes, you are utterly screwed facing off against the hedge funds. First, you are paying exorbitant fees. Commissions on every stock trade. Mutual fund managers taking a cut - an annual % cut, as well as a % per profit cut. If these managers (i.e. pension plans) invest in another fund, that fund is also taking another % cut. You're down 2% the minute you invest your money. Next, if you're doing the investing yourself, you're paying ridiculous spreads. The bid/ask spread of a stock will cause you to be down another 2-3% the minute you buy the stock. For example, if you're buying a share of company at $4.25, you can sell back at only $4.15. Furthermore, you have absolutely no chance in terms of access to the best services. Hedge funds have a direct line to investment bank's institutional brokerage teams - these are the guys that spend day and night sucking up to hedge funds, trying to get them the best deals at the cheapest rates. This means that while you're buying stocks and bonds, hedge funds are getting special rights, warrants, sweetheart deals, private placement deals, options, bigger discounts on bonds, and much better bulk commission rates and lower spreads on stocks. If you're paying 4.25$ for a 4.15$ stock, they are paying something like 4.16$. And they are eating alive your profits because when the stock goes up to $4.30, they can activate another warrant to purchase 20m shares at $4.25, diluting the value of your shares. Next, you lack information and exposure. You have no idea what is going on in the market besides what you see on the news - while hedge funds have analysts working around the clock and a bunch of service providers who give minute-by-minute analysis of their portfolio opportunities and weaknesses in all markets with exposures to nearly everything. Meaning, if there is an opportunity in the real estate market (i.e. legislation), it might take you weeks to get in - hedge funds will have gotten in the minute the legislation was passed. Furthermore, when IPOs come out for companies, hedge funds get top billing on the primary market shares - which means investment banks are selling directly to them. Once the secondary market becomes available, hedge funds are up 15-20% on these investments, sometimes within hours. Finally, you have no capital compared to these hedge funds. The people who invest in these hedge funds are not just the 1%, they are the 0.1%. These are the guys with 500million dollar bank accounts and the ability to do whatever the fuck they want. Hedge funds know this, and they invest without having to care about whether their clients can pay the rent or send their kids to college. All of that is irrelevant. Their sole purpose is to earn money, not to mitigate risk. ........... More at link: https://www.zerohedge.com/news/hedge-fund-insider-explains-why-retail-in...

Drifter
Dec 2, 2011 - 1:44am

@ InterwebzMonies

First Majestic is expensive. It cost me $110 to ship 180 oz to the US. They make up the credit card fees + in the ship fee. You can catch them just right before they adjust the web site price but it seems more attractive then it is.

The courier = UPS Courier Services. They bill you extra money for delivering...and send it right out to collections if you don't pay. Some people report being COD'd upon delivery, my bogus bill came 30 days later.

If you order more then 1500-2k USD you may be required to tell UPS CS your taxpayer id #/ social security # so they can tell US Customs, or so they say.

As soon as I advised CHRISTINA STONE of FM of these problems she turtled up, but not before she made the mistake of telling me via e-mail that FM was aware of the problems already.

If you're in the US I advise you to go with Gainesville, Provident or Tulving for larger orders. If you're in Canada I bet they work out great.

atarangi
Dec 2, 2011 - 1:44am
Canadub
Dec 2, 2011 - 2:01am

@Drifter

I hear that. Same song and dance for us going the other way over the boarder with the American dealers. As in almost everything; location, location, location. That's too bad you had a not so great experience. I go to the office to pick it up next day, and they have a couple cute secretaries ;) I was just a little put off when buddy called it out twice probably for the shear fact its not listed on his site, so hes not getting a commission off the referral. Cheers!

Drifter
Dec 2, 2011 - 2:06am

yeah

I liked FM and would not hesitate to buy their stock or deal with them from the right side of the border.

Most of the problem was the courier service with a side order of US Customs. UPS Courier Services is based in Chicago IL and we all know that's a virtuous place to do business.

Yeah I bet they got some hot babes working there.

maravich44
Dec 2, 2011 - 2:09am

.@atarangi...

..no harm intended. It was a compliment. light beings and such. Glad that you are here!.

punchbowl
Dec 2, 2011 - 2:16am

He's a douche

Didnt say one thing that was funny. Where is the funny part? he is a comedian, right? Not only is his fact, singular, way off his interpretation and characterizations are so superficial and narrow-minded.

Then again the idea is to divide and conquer maybe he is just playing his part.

Not advocating violence but listening to his whiny nasally voice I just want to whack him with a bolo.

Moderator Jane
Dec 2, 2011 - 2:21am

Please respect user privacy

I don't care if someone appears to have some info online that might enable someone to track them down through their domain name. Do not post that stuff here! Period!

And BTW, just on a personal note, I have tons of domain names that point to PO boxes that I used years ago in states I no longer live in. So just because someone has an address associated with a domain name, it doesn't mean diddly squat. Don't fool yourself - people post fake address with their domain registrations all the time for privacy reasons. You could end up showing up at the house of a cop for all you know.

atarangi
Dec 2, 2011 - 2:29am

Maravich44 - - -

Thanks for that, good to hear from you. Haven't seen your call sign before. Will keep an eye out for your comments. All the best.

Canadub
Dec 2, 2011 - 2:44am

@Moderator Jane

Sorry, Jane. Didn't mean to start a ruckus... shameless self promotion on the main board pushes me to do some digging (shameless because he didn't say "hey fellow turdites, check out my new site", he registered an account 2 days ago and was posing as a buyer of silver who had stumbled upon this awesome site).

Yes, a lot of people use invalid address', which is against the iCann and internet laws....but we all know no one follows the "law" these days. In any event, im sure cyber thiefs are more resourceful than a simple Whois search and facebook lookup, but its a start. People think "hacking" is all done online... haha. As you probably know, this is not the case. Hackers gather info online and use it to advance their objective in the real world (ie, phoning suspected employers, schools, stakeouts, bribing staff at all address'...) the list goes on.

The guy was bragging he just bought a monster box! And ive seen all kinds of people bragging about how much silver they have, ect. Shill, don't worry bro, no one is comin to your house! Im just trying to let some of the older Turdites know the length hackers, who are modern day gangsters, go to and how un-anonomyous the internet really is.

Lumpy
Dec 2, 2011 - 2:51am

I don't remember any protests when times were good.

I respect the passion of OWS. I don't think it's going to change a thing.

Moderator Jane Canadub
Dec 2, 2011 - 3:01am

we've had it happen before

You can totally post a friendly warning without exposing someone's info in the process...in the past we've had people get info from a person's picture and post the location data from the photo, which caused an upset. It would be better if you just send a friendly private message vs. doing the hacker's job for them. Thank you! :-)

Canadub
Dec 2, 2011 - 3:10am

@Jane

Will do, again, sorry. Yes, it is very, very scary how easy it can be done. And im not so sure some people know the extent "hacking" has gone to. Pretty much every organized crime syndicate in the world, including American street gangs, have teams of hackers committing crimes of all kinds online, including ​kidnapping for ransom based on user profiles and demographics ect data mined from facebook and other social media...the list goes on....Be careful out there! :-)

Moderator Jane
Dec 2, 2011 - 3:17am

Just a Suggestion...

While Turd posted this to provoke some discussion, let's try to keep it civil and productive.

There are some excellent posts that intelligently comment on some of the issues brought up by the video. I've seen people vehemently disagree but outline their points in a reasoned manner while still maintaining some passion on the issue.

There are some other posts that seem to be more knee-jerk in response, which makes one wonder whether it's hitting a little too close to home. (And that may not be the intention, I'm just sharing how it's coming across at least to me.)

Perhaps I'm going to stir up more stuff here, but I would like to throw out the question, and see if people can answer it honestly...

Do you ever feel envy or jealousy of those who are wealthy?

If so, do you think it affects your political viewpoint? (BTW, I am not suggesting that having these feeling invalidates a viewpoint. I'm just curious.)

Do rich people make you angry? Why? Or why not?

I am hoping that people can respond to these questions with some thoughtfulness and we can have an interesting discussion about it, vs. just insults and flames.

Thank you.

Perfidious Albion
Dec 2, 2011 - 3:17am

Nuff said..

you desperate Turd...

that is so disappointing.

who the f**k is that wanker,

what a load of bollocks rabble rousing rhetoric

paying far more than their fare share..

envy & shame..

There goes Mr Jenkins, he works hard

self entitled monsters

self entitled pricks

grew up in the 70's era of empowerment.

hot tubs hot chicks

they come down and blow our building up.

simplistic explanation from a total dick.

Man you have let the site down giving that guy webspace..

Velocity
Dec 2, 2011 - 3:36am

Good Rant

Carolla is quite right, but not sure it's actually the lower 50% that's complaining. The source of this "the upper 1% should pay more tax" is actually the progressives (closet Marxists) in the State. We have the same vacuous greedy lazy argument in Britain coming from the socialists (Tory party) closet Marxists (Liberal party) and hardline Marxists (Labour party)

And that's as it should be because the State are ALL unproductive people living off the productive.

The State is a single party system robbing the productive people in society, the private sector.

Look at Washington or Westminster, both empires have continued to enrich themselves, spend and both have made no cuts whatsoever to date 4 long years into recession. Washington property is the only area code that has not seen any drop whatsoever in property prices. In Britain our toffy nosed tossers (supposed 'right wing' Tory party) despite gobbing about cuts etc have actually increased public spending and the budget deficit and Govt borrowing has got worse

The British public (socialist) sector has also increased taxation too and continue to embellish themselves living in LaLa Land while the private sector crumbles under the weight of 80 years of socialist State expansion

This is a battle between the productive people and the unproductive (parasites)

Check the history books of nations and the world, it's ALWAYS been about that

atarangi
Dec 2, 2011 - 3:43am

Mods and Rockers - - - all is good - - - -

Thank you moderators. You are not God, but you are doing your best to maintain harmony. Your work is appreciated by the Turd people. Personal abuse is the signature of the ignorant.

Drifter
Dec 2, 2011 - 3:48am

proved his point

"It doesn't matter how much the "top 1%" of the population pays in taxes - the critical issues is what percentage of their RESURCES are paid in taxes. If the top 1% of the population has 50% of the resources, DAMN RIGHT they should pay 50 of the taxes."

that's exactly what the man was saying, you're part of the club

because people have worked hard, saved, scrimped and now have something they should be taxed because of what they have (resources)

as to mod jane above- angry at the rich, no.

Anger for the users & thieves yes, but those come in all shades of economic paint from EBT & unemployment insurance & OWS subsidies from Acorn to the Rolls Royce set. OWS is nothing but a planned operation to distract attention from the real destroyers by putting the spotlight on "bankers".

Sure there are some bankers that need stringing up but there are far more politicians, govt labor unionists, unelected psychopathic beaurocrats, communist college professors & CEO's that could give a shit about the man building the product they sell that need killing.

punchbowl
Dec 2, 2011 - 3:50am

Jane?

Really? You think that piece of audio should be the catalyst for profound, intellectual, philosophical, discourse on class disparities within Turdville?

With all due respect. Really?

Alright then. Let me just reach into this bowl of punch and grab this. Okay got it. Anyone got some polish? I got a rag. Anyone got some polish?

SilverDog
Dec 2, 2011 - 3:51am

$1750 cap off?

Morning Turdites everywhere.

Are they playin with Gold like a cat does a mouse or is the $1750 cap gone?

Drifter
Dec 2, 2011 - 4:01am

@ Velocity

Good rant indeed my fine fellow!

Yes I've been reading about your troubles over there and it looks like we're about 5 years behind you in the USA and catching up fast.

"This is a battle between the productive people and the unproductive (parasites)

Check the history books of nations and the world, it's ALWAYS been about that"

spot on

atarangi
Dec 2, 2011 - 4:10am

velocity - - -

Love your definition of parasites - - reminds me of "Ringo's law" - - - " Everything the government touches turns to shit"

punchbowl
Dec 2, 2011 - 4:14am

Maybe it is totally workable..

Mythbusters got it figured. Who knew?

You can polish a turd. Awesome.

Mythbusters Polishing a Turd

Well in that case. "the abstract memes brought up by Corrolo may at first appear like the spotty defecations of a guttersnipe but in fact they are the revolutionary posits of a genius.. Kind of in a Bukowski sense but with far more facets...."

.

PS silver is taking off. was.

Perfidious Albion
Dec 2, 2011 - 4:50am

there is a distinction between envy & jealousy

Mod Jane....

We were asked... Do you ever feel envy or jealousy of those who are wealthy?

There is a distinction between envy & jealousy

Jealousy can be positive and often acts to motivate achievement. whereas Envy can often be negative and acts to motivate theft.

https://en.wikipedia.org/wiki/Envy

https://en.wikipedia.org/wiki/Jealousy

Green Lantern
Dec 2, 2011 - 4:54am

Non-Sequitor

Did anybody else notice how many times the phrase "Ass" or "douche" were used in combination in the comments section followed by "rats ass" "shit" "prick" "dick" "wanker"

I'm not some old school marm and I'm not objecting. Just an observer of modern trends in language.

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