Tag: suckers
WHO’S THE SUCKER?
The two charts below reveal what is going on in the boardrooms of corporate America and on Wall Street, where those in the know are doing what they do best – screwing average American families. The Trump tax cuts are taking full effect. Corporations will pay $60 billion less in taxes this year. It appears they are taking all $60 billion in savings, borrowing another $80 billion from Wall Street, and buying back their own stock at near all-time high prices.
If you thought the narrative about corporations using their tax savings to invest in new facilities and hiring thousands of new employees was going to happen, you haven’t been paying attention to how things work in the real world. Even though corporate GAAP profits have been flat for the last few years, the stock buybacks, funded by low interest debt provided by the Fed, increase the EPS of mega-corporations thereby pumping up the salaries and bonuses of top corporate executives.
WikiLeaks Calls QAnon A Likely ‘Pied Piper’ Operation
Guest Post by Caitlin Johnstone
A few months back I started having bizarre interactions on social media of a kind I’d never experienced previously. Suddenly, whenever I’d write about President Trump’s nonstop warmongering and capitulations to longstanding neoconservative agendas like implementing aggressive new cold war escalations against Russia along multiple fronts, the illegal occupation of Syria with the stated goal of effecting regime change, increasing troop presence in Afghanistan, unprecedented civilian deaths in drone strikes, facilitating the slaughter of civilians in Yemen, or the administration’s open regime change policy against Iran, I’d get all these weird accounts telling me things like “Trust the plan” and “This is the Art of the Deal, Trump is playing 4-D chess”, and saying I should research something called “QAnon” or “Q”.
It happens literally every time I write anything critical of this administration; a deluge of commenters telling me in effect, “Shush. Calm down. This is nothing. What looks like Trump facilitating longtime establishment agendas just like his predecessors is actually brilliant strategic maneuvering.” Every single time, without a single solitary exception.
Continue reading “WikiLeaks Calls QAnon A Likely ‘Pied Piper’ Operation”
Snapchat’s Future
Guest Post by Scott Adams
Note: This is not investment advice. Never take investment advice from cartoonists.
I have been following the story of Snapchat’s upcoming IPO. Experts say it will be one of the biggest IPOs of all time. But it also might be one of the biggest scams you will ever see in the investment world.
The first thing you need to know is that Instagram recently added a feature called “Stories” that is essentially Snapchat’s entire service in the form of one feature on Instagram. Snapchat’s biggest competitor is eating Snapchat’s lunch as we speak. Snapchat reports slowing growth.
Secondly, I have seen a pair of Snapchat’s new eye-glasses product and it kept me interested for nearly five seconds. I put the odds of success for that product at zero.
YOU ARE PAYING FOR SPRING BREAK
Obama and his government minions have doled out over $1.3 trillion to our yuuts so they could get educated. I bet you didn’t know that the funds aren’t all directed to the school for tuition and fees. The funds for books, rent, and living expenses are given directly to the student. How many responsible 18 to 21 year olds do you know. We already know that over 50% of the morons matriculating into college have 0% chance of graduating because they are dumber than a sack of hammers.
But they do know how to spend “found” money on iGadgets, HDTVs, booze, concerts, fast food, and they absolutely need to kick back on Spring Break after getting 3 D’s, a C in remedial maff, and an F in financial planning. It seems millions of these morons are spending their student loan money on a good time. They deserve it.
The best part is that Obama and his cronies wanted this to happen. The student loan scam was nothing but an artificial attempt to reduce unemployment and boost GDP. It’s been a huge success. Now that 40% of all student loans are in default, your government will come up with some asinine reason for writing off at least $500 billion. That means, you funded the spring breaks of these worthless pieces of shit. Happy Saturday suckers.
Can You Use Student Loans to Go on Spring Break?
The essential college experience requires all-nighters at the library and, to some, a keg stand or two and a less-than-lucid spring break vacation. And much like a degree, tequila shots and beachside hotels don’t come cheap.
About one in five American students graduating this year who carry debt said they used student loans to pay for such expenses as vacations, dining out, and entertainment, according to a poll1 conducted in early May by Google Consumer Surveys on behalf of Student Loan Hero. Undergraduates finishing college in 2014 owed an average of $28,950 in student debt, the result of loans taken out to cover both tuition and living expenses.
But when is it living, and when is it living it up?
Beyond tuition and housing, cost-of-attendance expenses that can be paid for with student loans include books, school supplies, transportation, and “miscellaneous personal expenses,” according to the U.S. Department of Education. Asked whether that covers vacations, the department said it would look into the matter.
GO LOW
GoPro was another one of those over-hyped high flying stocks pushed on the muppets by the Wall Street IPO machine in July, 2014. It went public at $24 per share and proceeded to jump 103% in the first four trading days. It peaked at $87 per share by October, up 362% in three months. This morning it is selling for $16.80 per share as the muppets have been slaughtered again. No worries. The Wall Street killing machine reaped millions in fees and profits, before dumping it on the ignorant masses.
Actual picture of a GoPro investor after the 80% plunge in price.
