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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: Psychonott]
    #24001039 - 01/11/17 12:21 PM (7 years, 17 days ago)

What's worse is that Republicans introduced a bill (S.2692 - Countering Information Warfare Act of 2016) that would censor any news the US Government didn't like, such as news that was critical of the US Government.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: projectbadass] * 1
    #24002181 - 01/11/17 07:32 PM (7 years, 17 days ago)

Quote:

psilynut said:
You may want read the text of the law first .  Correct me if wrong but I don't think that bill gives them the power to censor our own media .  It's all about countering other countries propaganda and disinformation .



It turns out the 2017 National Defense Authorization Act (Section 1287) created a "GLOBAL ENGAGEMENT CENTER" (a.k.a. Ministry of Propoganda) with the purpose of countering foreign propaganda (news).  I don't know whether or not "countering" gives them the authority to censor (maybe Enlil knows?)

It also gives the Global Engagement Center the authority to pay media content providers to print Government propaganda "to influence the policies and social and political stability of the United States".  So now we won't know if we're getting real news or Government propaganda.

http://www.johnlaurits.com/2016/12/10/disinformation-bill-propaganda/


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: Falcon91Wolvrn03]
    #24002446 - 01/11/17 09:17 PM (7 years, 17 days ago)

I just created a new thread to discuss the new Ministry of Propaganda.

Back on topic for this thread - as much as I dislike Trump, I agree with him for calling out media sources that provide fake news (if that is indeed the case, which the OP hasn't yet shown).


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: Webster10]
    #24014662 - 01/16/17 01:02 PM (7 years, 12 days ago)

Quote:

Webster10 said:
Quote:

The Ecstatic said:
Quote:

Morel Guy said:
Trump was given $200 million.  I say he's a trust fund faggot.



Trump's rich daddy gave him a leg up on life, why do you think Webster identifies with him so much?



Because we both understand it's possible to acheive great things without starting rich and because scum with a victim mentality try to deligitamize our achievements because it makes them feel better to say "you're only that way cause you grew up rich."



It's FAR, FAR easier for someone who starts out rich to make their own fortune.  This has been shown many times in this forum.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: KauaiOrca] * 1
    #24014868 - 01/16/17 02:14 PM (7 years, 12 days ago)

Quote:

KauaiOrca said:
Quote:

Falcon91Wolvrn03 said:
It's FAR, FAR easier for someone who starts out rich to make their own fortune.  This has been shown many times in this forum.



I would bet that the percentage of kids that inherit, let's say $5mm bucks or more and actually create a new company that grows to a value of >$100mm is very, very small.



I would bet the number of $100mm companies started by people who had $5mm to invest is FAR, FAR, larger than the number of $100mm companies started by people who had nothing to invest.

Quote:

KauaiOrca said:
Most of the generational wealth that is passed on is often done through investment trusts where nothing new is actually created.  A lot of studies have been done to illustrate how 2nd and 3rd generations, when they are brought in to run the company, have a strong tendency to ruin it and run it into the ground.



CEOs that run their company into the ground still earn millions for doing so, while people who work for that company simply lose their jobs and get nothing.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Re: Trump calls CNN fake news [Re: qman]
    #24014897 - 01/16/17 02:24 PM (7 years, 12 days ago)

Quote:

qman said:
What people don't understand is that Congress and the people in power do NOT want real economic growth, they want low growth with no inflation.



:lolwut:


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Re: Trump calls CNN fake news [Re: qman]
    #24016271 - 01/16/17 11:53 PM (7 years, 12 days ago)

We ended up where we are as a result of Reaganomics.

Nothing to do with slowing growth, nothing to do with limiting inflation.

Cut taxes for the rich, and screw everyone else as a result of a money shortage.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: ballsalsa]
    #24017189 - 01/17/17 11:50 AM (7 years, 12 days ago)

Quote:

ballsalsa said:
Quote:

Psychonott said:
Quote:

ballsalsa said:
Quote:

Psychonott said:
No congress hasn't had one bit of authority over the federal reserve  for some time now



exhibit A?



Lol have you seen the wealth distribution gaps lately? The trend it's following?



Wealth distribution trends do not support your argument.
anything else?



Balls is correct.  If anything, the increasing wealth gap only supports the fact that Congress is helping out its wealthy donors.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24017276 - 01/17/17 12:33 PM (7 years, 11 days ago)

Quote:

KauaiOrca said:
The increasing wealth gap is being caused by three factors:

1- rapid increase in technology bringing down labor costs



I disagree.  The increase in technology has made worker productivity (and profits) higher than ever.  If workers had union representation like they did back in the 50's and 60's, they could demand a lot more of the extra profits the companies are making.

Quote:

KauaiOrca said:
2- ease of exploiting the cheapest labor ... Globalization ...



I agree.

Quote:

KauaiOrca said:
3- Easier and easier to make enormous sums of money without producing any products anymore ... just trading digits on a screen



Again, I disagree.  Without the underlying companies making money, the trading you are referring to becomes worthless.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24017305 - 01/17/17 12:52 PM (7 years, 11 days ago)

Quote:

KauaiOrca said:
Quote:

Falcon91Wolvrn03 said:
I disagree.  Without the underlying companies making money, the trading you are referring to becomes worthless.



Do you have any idea how many millionaires and billionaires have been created from companies that never made a profit?  How about from ultra leveraged (200:1) currency and commodities futures trading?

Derivatives of all types?

Right now the global derivatives market value is over 900 TRILLION dollars.  That's where the big money is being made and lost on a daily basis.



Yes, I get the derivatives market as well.  Though it is massive, for every dollar someone makes on derivatives, another dollar is lost as well.  Derivatives are a zero sum game.  It's the market value of the underlying assets where real wealth is created.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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OfflineFalcon91Wolvrn03
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Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24017382 - 01/17/17 01:29 PM (7 years, 11 days ago)

Quote:

KauaiOrca said:
I don't think you understand how leveraged trading works ... not being a dick here, just being honest.



I get finance and leveraging extremely well, and based on the current discussion I'm pretty sure I get it better than you.  I have an MBA from a reputable college with an emphasis in finance.  But that's irrelevant if I can't explain it:

Quote:

KauaiOrca said:
The whole system is designed to turn debt into assets.



I get leverage.  It allows you to borrow lots of money that you can use to invest.  If your leveraged investment is profitable, you will make a lot; if not you will lose a lot.  Either way, you have to pay back the borrowed money.

Quote:

KauaiOrca said:
Whether it's our fractional reserve lending system...



I've had many lengthy discussions on fractional reserve banking showing how little people know about it.  Did you know that every dollar loaned into existence under fractional reserve banking is taken back out of existence when the loan is paid back?

Why Money Disappears When Loans Are Repaid

Quote:

KauaiOrca said:
the way massive derivatives leverage is created or the way IPO's are funded ... the way margin trading is done ... It's all about leverage.



Once again, I get leverage.  It allows people invest more than they have.  Leveraged money is not free money; it's borrowed money, which has to be paid back.

Quote:

KauaiOrca said:
The underlying assets are MANIPULATED by the way derivatives are used to create price movements.



Investors tend to look at derivatives to help them guess what the underlying asset will do in the future, and that might effect trading prices for the underlying asset.  But keep in mind that for every derivative purchased, someone else sold that derivative, and only one of those two will make money - the other will lose the corresponding amount.  A zero sum game.

Quote:

KauaiOrca said:
Banks are not, for the most part, lending money coming from depositers for all of this stuff ... It's much more complicated than that.



Again, I am intimately familiar with fractional reserve banking.  Let me know if you have any questions about it.


--------------------
I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.


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