Author Topic: Monetary Wealth  (Read 3997 times)

90sRetroFan

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Re: Monetary Wealth
« Reply #105 on: May 07, 2022, 08:53:21 pm »
The following article is a good example of why I find it so hard to take seriously people from former Western colonial powers who claim to be in poverty:

https://us.yahoo.com/news/t-heat-food-anymore-middle-195315058.html

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“I have noticed it recently,” she said. “My kids have left home and it’s just me and my partner. I’m washing after six now. We don’t really put the heating on. We wrap. If we put the heating on to take the cold out of the air, it’s after six and it’s only for an hour.”

Wrapping instead of using central heating is what you are supposed to do anyway! And now you claim to not have enough money and you still put the central heating on for a whole hour?! (And the worst part of all: subhumans like these have kids.)

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She added: “We’re eating a lot of cold food, so as not to have to cook.”

I do this all the time and never imagined anyone would consider it hardship.

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Donna’s husband has also begun driving their car to work to save on the additional diesel consumed when she used to drop him off each day and then return home.

Ludicrous. Again, why were you not already doing this in the past?

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She is addressing a focus group of nine working-class voters in Wakefield, all of whom describe their own cut-backs, albeit to varying degrees, to reduce costs.

Imagine how they lived before cut-backs! This is why they should be prohibited from reproducing.

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Felicity, whose son is living with her whilst studying at university, said she is spending much of her time switching off lights in their home and, whilst “the food shop can never go down in our house, it’s Lidl and Aldi and less of the Marks & Spencer [and] Waitrose”.

Huh? Just keep the lights switched off FFS! Besides, Marks & Spencer and Waitrose should be boycotted anyway:

http://www.inminds.com/article.php?id=10443

https://www.boycottisrael.org.uk/tag/waitrose/

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Deborah, who works in HR operations, is now using her car only “if I absolutely have to” in order to save money on fuel.

Again, how is this not standard practice?

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Darena, another middle-aged woman from Harrow who cares for her elderly mother, is using her washing machine and oven only when she has a full load of items for each appliance.

And again, why would anyone not always have done this?

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Peter, a 51-year-old social housing consultant in the London focus group, said: “My electricity bill for three months is usually £300 and it was close to £800. It’s an incredible uplift in expenses.”

Usually £100 per month electricity?! I don't spend that much on electricity in a year!

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Steve, a porter from Wakefield, said: “We’ve just started, if the kids get cold, reverting back a little bit, like people used to do back in the day [to] ‘put a jumper on, get a blanket’ or something like that. It’s not instantly, ‘I’ll put the heating on and I’ll warm you up’.”

Yes, this is what you are supposed to do. Also, you are not even supposed to have kids.

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Jasmine, 36, from Wakefield, who works in healthcare and has a young daughter, said: “I’ve made quite a few changes. Because I drive quite a lot, I’m trying to rely more on car sharing or using public transport and I’m also pushing to work from home a little bit more.

“In terms of my heating, I’ve turned it down by degree and I’m also having it on less. In terms of my washing, I’m trying to reduce the number of loads, trying not to use the tumble dryer. And I’m shopping more at budget supermarkets.”

You are still using central heating? **** you!

And why would you ever use a tumble dryer?!

https://trueleft.createaforum.com/issues/dress-decolonization/msg10208/#msg10208

Anyone who uses tumble dryers should not have a daughter (or any offspring).

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the Government’s response to the cost of living crisis has suggested they are “out of touch”

No, it's Westerners who are out of touch if the above is what they call a "cost of living crisis". In reality, they are still living more luxuriously than anyone should be!

rp

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Re: Monetary Wealth
« Reply #106 on: May 07, 2022, 09:10:47 pm »
#firstworldproblems

guest55

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Re: Monetary Wealth
« Reply #107 on: May 13, 2022, 01:16:16 pm »
Crypto crushed as 'Stablecoin' collapses
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Cryptocurrencies nursed large losses with Bitcoin set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.
https://www.youtube.com/watch?v=MSyDWujGbqw

Zea_mays

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Re: Monetary Wealth
« Reply #108 on: May 14, 2022, 01:45:37 pm »
Jewish ex-CEO of Starbucks uses an analogy to suggest he ran Starbucks like a concentration camp...? This is supposed to be his way of telling workers not to unionize.

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Former Starbucks CEO uses Holocaust analogy to describe coffee company’s mission

Schultz said that the concentration camp story is a tale about humanity and that Starbucks has a long tradition of doing right by its employees.
[...]
His comments to workers came ahead of a unionization vote by some workers in Buffalo, New York.

In a video on Starbucks’ YouTube page, Schultz, who is Jewish, can be seen speaking passionately to employees Saturday. He refers to a story about Holocaust prisoners at concentration camps in Poland who had to share their limited resources.

“Not everyone, but most people, shared their blanket with five other people,” Schultz says, adding that he was inspired to share his own “blanket” with five other people. “So much of that story is threaded into what we’ve tried to do at Starbucks — is share our blanket.”
https://www.nbcnews.com/business/business-news/former-starbucks-ceo-uses-holocaust-analogy-describe-coffee-companys-m-rcna5170

It sounds like he's describing the living conditions of the average Starbucks employee. How much of a psychopath does he have to be to think that was a good thing to say to employees?

He owns around $4 billion and made $1 billion over the course of the pandemic.
https://www.forbes.com/profile/howard-schultz/

Zea_mays

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Re: Monetary Wealth
« Reply #109 on: May 14, 2022, 02:06:04 pm »
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The Russian oligarch Mikhail Fridman said in an interview that he didn't know how to live, three weeks after coming under sanctions, Bloomberg reported.

Fridman, who has a net worth of $10.1 billion, Bloomberg's Billionaires Index said, was sanctioned by the European Union on February 28 and by the UK on March 15.

He described the EU's sanctions as "groundless and unfair" at the time and said he would contest them, Reuters reported.

Since the invasion of Ukraine began, Fridman's wealth dropped by $4 billion, Bloomberg reported.
[...]
Fridman, who lives in the UK, has an allowance of 2,500 pounds ($3,300) per month and has to apply for a license to spend money before the British government decides how reasonable the request is, he told Bloomberg.
https://www.businessinsider.com/russian-oligarch-mikhail-fridman-know-how-to-live-sanctions-putin-2022-3

His "allowance" is the same as the median income in the UK. Billions in the bank and he could just move to some other country which allows him to access more of his money, and he yet he complains.


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Mikhail Maratovich Fridman is a Ukrainian-born,[8] Russian oligarch.[9] He also holds Israeli citizenship.[2][3] He co-founded Alfa-Group, a multinational Russian conglomerate. According to Forbes, he was the seventh richest Russian as of 2017.[1][10]
[...]
In 1996 Fridman was one of the founders of the Russian Jewish Congress,[9] and he has been active in it since then,[192] including having been its vice president and head of its cultural committee.[29] He is a major donor to the European Jewish Fund, which promotes inter-religious dialogue.[9] In 2007,[193] Fridman along with Stan Polovets, Alexander Knaster, Petr Aven, and German Khan founded the Genesis Philanthropy Group, whose purpose is to develop and enhance Jewish identity among Russian-speaking Jews worldwide.[194][193][195] The Genesis Prize, which the group founded in 2012, is a million-dollar annual prize for Jewish contributions to humanity.[194][9] Fridman was also one of the major funders of the Holocaust memorial project at Babi Yar in Kyiv, Ukraine, which was launched in 2016.[196][191]
[...]
Fridman was based for many years in Moscow, often spending time in European cities such as London, Paris, Amsterdam, and Hamburg.[28][232] In 2015 he moved to London,[192][1][233] and by 2016 had purchased Athlone House for £65 million to be his primary residence.[234][235]
https://en.wikipedia.org/wiki/Mikhail_Fridman

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2016-2017 – It is reported in several media outlets that there had been activity between computer servers belonging to Alfa-Bank and the Trump Organization.[30][31][32] The FBI investigated the activity in the context of links between Trump associates and Russian officials and concluded that there were no such links[33] and that there might be "an innocuous explanation, like marketing email or spam".[34] Through September 2021, U.S. government investigators had been unable to explain the activity, though a 2018 analysis had concluded there were "reasons to doubt that marketing emails were the cause". A Senate report accepted the FBI's assessment that the activity was "unlikely to have been a covert communications channel" but said there was no explanation for this "unusual activity."[35]
https://en.wikipedia.org/wiki/Alfa-Bank

Zea_mays

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Re: Monetary Wealth
« Reply #110 on: May 14, 2022, 02:24:12 pm »
Wealthy politicians can violate the law again and again, and their official spokespeople just say "lol".

Wtf.

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Weeks Before Virus Panic, Intelligence Chairman Privately Raised Alarm, Sold Stocks

The chairman of the Senate Intelligence Committee warned a small group of well-connected constituents three weeks ago to prepare for dire economic and societal effects of the coronavirus, according to a secret recording obtained by NPR.
[...]
Burr sold personal stocks worth between $628,000 and $1.72 million in 33 separate transactions on a single day, February 13th, according to public disclosures.

It was, according to ProPublica, the most stock he's sold in a single day in 14 months.

Asked by NPR for a comment on the senator's stock sales, Burr spokesperson Carroll replied, "lol."
https://www.npr.org/2020/03/19/818192535/burr-recording-sparks-questions-about-private-comments-on-covid-19

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On January 26, 2012, Senator Joe Lieberman introduced the STOCK Act that would prohibit the use of non-public information for private profit, including insider trading by members of Congress and other government employees. The bill was passed by the Senate with only Senators Richard Burr, Jeff Bingaman, and Tom Coburn voting against it. The House of Representatives voted to approve of the bill and it was signed into law by President Barack Obama on April 4, 2012.[1]
https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal

guest55

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Re: Monetary Wealth
« Reply #111 on: May 19, 2022, 02:29:42 pm »
Is the Global Housing Bubble About to Burst? - TLDR News
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Globally house prices are rising - fast. For homeowners that may seem like good news, but for people looking to buy it means houses are getting increasingly attainable. So can this last? Well in this video we discuss if house prices are about to crash
https://www.youtube.com/watch?v=uXvS33gJOWQ

guest55

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Re: Monetary Wealth
« Reply #112 on: May 23, 2022, 12:30:04 pm »
Gravitas Plus: Which countries could go the Sri Lanka way
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Sri Lanka's debt crisis is a warning to the world. The World Bank says a global debt storm is coming. It could engulf 70 developing countries & make their economies fall like dominoes. What are the threats they face? How can they be averted? Palki Sharma explains.

#GravitasPlus #SriLanka #DebtCrisis
https://www.youtube.com/watch?v=CdrLp0lKjHc

guest55

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Re: Monetary Wealth
« Reply #113 on: May 26, 2022, 01:45:56 pm »

guest78

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Re: Monetary Wealth
« Reply #114 on: June 14, 2022, 02:50:09 pm »
Gravitas: US stocks fall into bear market territory
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Standard & Poor plunged more than 20% from its high in January as US stocks entered bear market territory. Is a recession now inevitable in the US? How will a US slowdown affect the world? Palki Sharma Upadhyay tells you.

#Gravitas #US #Market
https://www.youtube.com/watch?v=FHCdw1gZ3tE

Here's what the US economy can expect if a recession hits
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As more interest rate hikes are expected amid inflation, Moody's Analytics Chief Economist Mark Zandi predicts how long a recession may last, if it occurs, and how it could impact unemployment.
 #CNN #News
https://www.youtube.com/watch?v=MgprqjEVaTE

Gravitas: Is a global recession coming?
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Stock markets around the world plunged amid fears of an interest hike by the US Federal Reserve. Will fiscal tightening cripple the world's economic recovery? Is a recession inevitable in 2022? Palki Sharma tells you.
https://www.youtube.com/watch?v=o3fj7LbtwmI

guest78

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Re: Monetary Wealth
« Reply #115 on: June 15, 2022, 03:49:31 pm »
Americans headed for savings crisis?
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A new survey finds 67% of Americans are dipping into their savings to help pay for rising living costs. ABC News’ Veronica Miracle has more on the possible response from the Federal Reserve tomorrow.
https://www.youtube.com/watch?v=pgqo1nZfywg

guest78

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Re: Monetary Wealth
« Reply #116 on: July 04, 2022, 06:39:05 pm »
Jeff Bezos' New SuperYacht Stuck? | SY News
https://www.youtube.com/watch?v=nmrB2qwOSoA

guest78

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Re: Monetary Wealth
« Reply #117 on: July 06, 2022, 12:20:20 am »
Janet Yellen Says Americans Have the Savings to Wait Out Inflation!
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Is Janet Yellen worried about inflation and a possible recession? Nah, don't worry - she says we all have enough in our savings to get through it!
https://www.youtube.com/watch?v=PAOaknxIvp0

90sRetroFan

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Re: Monetary Wealth
« Reply #118 on: July 12, 2022, 10:15:02 pm »
https://finance.yahoo.com/news/china-not-blame-african-debt-093000144.html

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China 'not to blame' for African debt crisis, it's the West: study
...
African countries owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to a study released on Monday by British campaign charity Debt Justice.

This is despite the growing accusations by the US and other Western countries that China's lending is behind the debt troubles faced by some African countries.

The study said just 12 per cent of the continent's external debt was owed to Chinese lenders, compared to 35 per cent owed to Western private creditors, according to calculations based on World Bank data.
...
Interest rates charged on private loans were almost double those on Chinese loans, while the most indebted countries were less likely to have their debt dominated by China, the study found. The average interest rate on private sector loans is 5 per cent, compared to 2.7 per cent on loans from Chinese public and private lenders.
...
Debt Justice policy head Tim Jones said Western leaders blamed China for debt crises in Africa, "but this is a distraction".

"The truth is their own banks, asset managers and oil traders are far more responsible but the G7 are letting them off the hook."

guest78

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Re: Monetary Wealth
« Reply #119 on: July 13, 2022, 02:38:14 pm »
A Hotel for the Homeless | Christina Lamb
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“It shows if you have the will and the money you can solve homelessness because they got everyone off the street quickly.”
https://www.youtube.com/watch?v=KJM0n4XNg00