capitalism
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- utopian2
Jeff Bezos is now worth more than $200 billion, making him the richest person in the world by nearly $90 billion
- shapesalad0
https://mashable.com/article/don…
Donald Trump officially joins TikTok competitor Triller.
Before 9am Monday, I made a 68% return on a little stock trade I placed last Thursday on 7DIG, a company supplying the video tech for Triller. Thank you Trump. Great start to the week.
- I in no way endorse Trump. But capitalism is all about taking part, 50 years ago the barriers to entry were real, now there's no excuse not to participate.shapesalad
- Lol at dv’sGnash
- Actually clever. Upvoted.grafician
- it's now up near 200% since market open today. Will buy back in on the dip once day traders take profit, will end the week much higher.shapesalad
- it's not everyday, or many stocks that do this, but it's always profitable to scan and wait for these tradable opportunities.shapesalad
- from last week:shapesalad
- https://polaris.brig…shapesalad
- For those wanting to do similar, just read the RNS's out at 7am each morning, check for new contracts etc, see how the stock has traded, if it's legit company,shapesalad
- and if the chat boards are not full of disgruntled long tremors, fundamentals in place, then take a punt.shapesalad
- *long termersshapesalad
- Rather than checking QBN when I wake up, I switched to checking the RNS's. My morning routine became more profitable.shapesalad
- lol thanks.
I was on cvac this morning :)sted - Fundamentals. It’s a video tech that is eclipsed by their competition.monospaced
- welcome to vegas. good luck. hope some one comps your drinksdeathboy
- shapesalad2
Made £1620 by 8:01am while wearing just my pants - trading the 7DIG mention yesterday. Had bought a dip around 3pm yesterday. Sold on the inevitable opening ramp due to all the hype regarding that stock. Penny stocks.... you have to wait for right one, but when the right one comes along, you can ride the wave and make a tidy sum.
Would I invest long term in https://www.7digital.com
Yeah, I think a £1k stake for a 1 or 2 year hold wouldn't be too bad. Would I buy now.... no way, the stock went up nearly 200% yesterday and is up 20% today. I'd wait a few weeks for all those buying in now to close out when they see it slowly retrace.
- Anyway... this is what I love about capitalism. The casino of the markets.shapesalad
- Yeah I don't think anyone here is anti-capitalism (well maybe some are lol). It's just to discuss the good and the bad.yuekit
- We need a penny stock thread. I've some open positions too.Beeswax
- 7DIG can suck my dick ahahahasted
- I once made £4K wearing nothing and masturbating by 8AM. It's true and not bragging.NBQ00
- The divorce between numbers on a screen and the labour it represents...i_monk
- ^ technically market value has no relationship to labour. neo-libs trade in physical capital (esp. true of the service economy, which counts for 90%)kingsteven
- and hype. it really is just funny money.kingsteven
- ie. in the current model labour is fluid and costlessley adjusted. the market derives its value from its users - not its employees.kingsteven
- Jealous, snarky responsescarabin
- funny money? lol, no it isn't ... it's vey fucking real moneymonospaced
- i didn't say its not real. its very real in the sense that you can believe a religion is real but not believe their god exists... but imaginary in both the...kingsteven
- sense that it is 1's and 0's in a computer and that it has no base value in things that are real (ie gold, or labour (time or energy)) as i_monk suggested.kingsteven
- It’s not just 1s and 0s though. I can sell it and buy a house. You can’t just pray one day after not believing in god and get it answered. Big difference.monospaced
- It’s value is in its prospectus and projections. Like any commodity of seasonal output. Aka “stock” like feed and produce. That’s what the stock market is.monospaced
- To claim it isn’t real is to ignore reality or just plain ignorance. Sorry.monospaced
- mono i'm not denying that money exists, it has a nominal value that can be placed against standards ie. a house or even time (ie 1 hour = minimum wage) but it'skingsteven
- actual value is not real. i am not making this up, it is how the economy works :Dkingsteven
- Value is very real king. It's relative. But very real.deathboy
- Ie how do you value your time? I may value my time less doing the same thing. There may be no true value but in dealing freely with ppl thisdeathboy
- Thing becomes very important. More people may value my less value of the work resulting in no value of yours. If u have no value how do u eatdeathboy
- But u do t want your value challenged a.ongst peers right? Lower fruit who think bringing everyone down to your equal playing fielddeathboy
- Or more equitable terms defined by udeathboy
- db, you are making the same point as me really badly. if you see earlier my first comment is an attempt to debunk the association of market value to labourkingsteven
- although i do advocate some form of mutualism based on the labor theory of value. where you (of course) believe it can be regulated by a market...kingsteven
- and i dunno, you want a bloody revolution to kill off the poor or sthg.kingsteven
- Umh there is no labor theory there is free markets that determine value. Gov of small people can't determine lunch.deathboy
- What u agree with is free market principles u just don't realize itdeathboy
- Ie What determined the price of a nail?deathboy
- db, you flit between Capitalism and capitalism when it suits you. I understand the system we are in and the theory that underpins the libertarian utopia...kingsteven
- you juxtapose your beliefs against their political opposite (socialism) but fail to see that fully developed communism is stateless free association...kingsteven
- you propose deregulation, privatisation and the market will regulate itself. and justify your claims with both a pseudo-religious belief in the invisible handkingsteven
- and an pseudo-scientific economic egoism that lets you dismiss any altruistic concerns. these are the principles that allowed us to achieve Capitalism...kingsteven
- (big C) - the economic dominance of the west driven by private ownership. but they're also the same principles that have driven us to social and ecologicalkingsteven
- collapse. capitalism (small c) is what determines the price of a nail and I believe that a best-of-both worlds scenario can come about through anarchism withoutkingsteven
- the awkward teenage phase (socialism) - that would be driven by the reindustrialisation of the west in a non-political fashion. harnessing the power ofkingsteven
- unions and co-operatives to create a shadow government based on mutualism and to dominate private business and govt based on capitalistic and free-market idealkingsteven
- on the politcal spectrum i stand left, but (even as marx proposed) the end point is both stateless and without private ownership of the means of productionkingsteven
- and anarchist theory essentially exists as a means of discussing how to achieve this outside the political spectrum (without a bloody revolution).kingsteven
- btw a better analogy than the nail: "you print 2 t-shirts, one of che guevara and one of heyek, which one is worth more?"kingsteven
- zaq2
Universal Basic Income is Capitalism 2.0
What if a UBI wasn’t just a noble thing to do, but the best thing to kick-start the economy and explode GDP growth to previously unseen levels? I believe UBI is capitalism 2.0 and today I’m going to show you why.
- Didn't Spain actually implement this?yuekit
- I think this sort of idea, free market + greater redistribution is the way forward. But not clear the exact policy.yuekit
- It can't just come from printing more money though. Surely tax policy needs a drastic overhaul.mandomafioso
- Idiots. Thanks making emotionally and hoping some how reality ties indeathboy
- It's the future, no doubt. The wealthiest, and those in power, will want to keep it and throw some cash out the window (witness T/GOP now considering the $600)formed
- It's that or guillotines.monoboy
- It creates a culture of slackers, who 'retire' after school, never work, live off gov't cheese supplemented by petty crime, black market & underground economy.BustySaintClaire
- People need self-respect & dignity of having achieved something in life, contributing to society. Better to eliminate gov't takings from lower incomes.BustySaintClaire
- Ppl who don't understand monetary creation and macro economics or basic economicsdeathboy
- Old slavery was paying for meals and lodging and healthcare. ... Think about thatdeathboy
- utopian2
This is how American Capitalism works!
Bezos Sells $3.1 Billion of Amazon Shares After Wealth Jumps
The numbers are eye-popping: 1 million Amazon.com Inc. shares offloaded for more than $3.1 billion. And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.
The disposal, disclosed Wednesday in Securities and Exchange Commission filings, adds to a $4.1 billion sale earlier this year. The proceeds are a fraction of the amount that Bezos’s holdings have increased this year as the Covid-19 pandemic forced people to stay at home and created a surge in demand for Amazon’s e-commerce services.
For Bezos, 56, this year has been a reversal from years of relative restraint in reducing his stake in Amazon. He still holds more than 54 million shares and is worth $189.8 billion, according to the Bloomberg Billionaires Index. His net worth has surged by $74.9 billion this year with Amazon stock rising 73%.
- Yup. He'll end up being the poster boy for greed if he doesn't do something soon.formed
- He should personally pay for every human to have unhindered access to any covid test, treatment or vaccine. That would be a start.monospaced
- Why mono? Look at my profile for mono fundeathboy
- utopian3
The new normal for Americans...thanks capitalism!
- Could you buy a broken down vending machine and rig up your own funnel??nb
- in socialist venezuela minimum monthly wage is 8 quarters . I'm not exaggerating!hotroddy
- in plutocratic unites states finding 8 quarters in sofa cushion is a full time job.
I'm not exaggerating!utopian - Actually utopian it's not a job and not an effort most people partake in because effort is worthlessdeathboy
- PhanLo0
- I'm absolutely certain I wouldn't want those longshoreman to design and engineer a 100 story building or performing brain surgery on my kids or code the COD.Morning_star
- ^With a couple of weeks of Youtube training I'm sure they'd be fine.PhanLo
- The concept exists, though. His example is unrelated to the concept, sadly. It's a real idea and it certainly affects wages.monospaced
- What do u call a 9 yr ago kid with no XP than?deathboy
- What do you call a med school student who got all Ds?i_monk
- A doctor, monk. You call him a doctor :)Gnash
- utopian2
Did Warren Buffett just bet against the U.S. economy?
His latest investment raises some questions.
Warren Buffett has long been critical of gold as an investment, saying it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote that “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet.
Yet the Berkshire Hathaway BRK.A, -0.58% boss just acquired nearly 21 million shares of Barrick Gold GOLD, -0.55% worth $563 million, while selling shares of Wells Fargo WFC, +1.11% and JPMorgan Chase JPM, +0.03% , according to 13-F filings released Friday afternoon.
The move kicked up buzz among gold bugs and other Wall Street watchers across the internet, who saw Buffett’s trades as perhaps signalling a shift in his views on the market.
- thats a surprise. He favors silver normally, he probably thinks things will get worseBeeswax
- Yeah, looks like backup. He's always thinking long term.grafician
- "Never bet against America" - Warren Buffet May 04, 2020utopian
- just like bloomberg.
BRK sits on an enormous amount of cash what will be unloaded somewhere,
and he is building a position in BAC (bank of america).sted - * Calls Parket Schnabel and Tony Beets *Morning_star
- * ParkerMorning_star
- "Some people claim that there's a woman to blame
Now I think, hell, it could be my fault"
- Jimmy Buffet, 1977.exador1
- yuekit4
- It's called capitalism ask deathboy.utopian
- Actually free markets have any decisions in drugs. They are mostly context throu gov mandated orgs and choice is so limited u don't even have knowledge of crowddeathboy
- Crowd that think. Not the mention gov ran insurance markets which use power to dictate which drugs benefit bottomdeathboy
- Li.e. thanks Obama for limiting choice and being so anti Corp establishment you got every major player on boarddeathboy
- Not because they had anything too losedeathboy
- If you watch the video, it's pretty hard to argue this is not capitalism at work.yuekit
- Worth a watch BTW, it's pretty entertaining for such a depressing topic :)yuekit
- utopian0
Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers
- when are they getting a seat in the congress/senate?renderedred
- utopian5
This is how American Capitalism works!
Eastman Kodak’s top executive reportedly got Trump deal windfall on an ‘understanding.
Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares.
The award was the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his employment contract nor made public.
One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions.
- Yup, "shocking". Can't wait to see how many close to him bought shares, but still nothing will happen.formed
- Legends!
-
As you say formed, absolutely nothing will happen. That's just the way things are.PhanLo - Can’t wait for our house idiot to school us on the matter.monospaced
- Kleptocracy_niko
- Notice COMMI Utopian didn't saw sh#t about congress selling stocks before the covid stock crash from insider trading.Hayoth
- And who cares about the stock. Cry baby.Hayoth
- This image needs to stay for every post.helloeatbreathedrive
- i love how utopian think this is capitalism. when in fact its everything he supportsdeathboy
- but the paid troll is to blatantly lie and and say one thing is something else in contextsdeathboy
- Wait. Utopian is a paid troll?PhanLo
- Why did Soros has use his billions to infiltrate a tiny forum of middle-aged graphic designers, with a viewership of 50 tops?PhanLo
- Kleptocracyneverscared
- All part of the economic plan.
https://www.goodread…monoboy - More dumb excuses from our moronic,
but favorite...side notes boy.utopian - No proof. But I'd put money on utopian account as paid work. See time and effort. Shallowness and ability to move to next post after post. Behavior to me is mondeathboy
- Over belief. Especially if someone so passionate to copy paste links with such little regard. Maybe a weird dude but pay for play makes more sensedeathboy
- Because you’re an idiot. You forgot to add that.monospaced
- Ha would calling myself an idiot make u look at my reasons? Check it. I'm an idiot. Now focus on what I'm saying. An obvious patterndeathboy
- U can disagree and show where he defends his post with reason or why his posts are hypocritical regarding topicsdeathboy
- You are totally set free now insults out of the way the world is yoursdeathboy
- PhanLo2
- Tweeters trying to be witty for retweetsNBQ00
- He’s still not gonna get laidGnash
- When he wins the lottery, he'll hoard like a frickin' acorn woodpeckerBustySaintClaire
- ^ feeling extra cynical today guys?canoe
- utopian4
Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash
Lockheed Martin Corp. and Boeing Co. received about half of an initial $2.3 billion in increased, accelerated payments the Pentagon provided contractors to help companies’ cash flows after the Covid-19 pandemic erupted in the U.S.
The initial infusion was included in $13 billion in regular, periodic progress payments paid to the companies, according to newly released defense figures. Lockheed Martin initially received $685 million while Boeing got $670 million, according to a Pentagon statement to Bloomberg News
In a separate statement, Lockheed Martin said that modifications to existing contracts resulted in additional accelerated payments to the company, increasing its total received to $1.1 billion by June 30, “all of which we have flowed down to our supply base.”
- It must be nice to find a corporate welfare handout in mail like that.utopian
- is socialismdeathboy
- socialism just like your stimulus welfare handout you acceptedmonospaced
- Bravo mono for realizing socialism when u think it hurts my arguementdeathboy
- Never any other time because u lack any rationall discipline of the conceptdeathboy
- you argued your stimulus check wasn't socialism, thoughmonospaced
- i never did such a thing. were u finger banging your great grandma at the time for inheritance that you missed such a thing.deathboy
- in fact i said im paying for this through future tax and inflation and totally going to accept it. I dont beleive you ever asked wether i though it was a gooddeathboy
- socialism tactic. or even acknowledge the incentives socialism,deathboy
- you're not paying for it through future tax though, you're totally wrong about thatmonospaced
- it's a handout, no questions asked, no strings attachedmonospaced
- you will never be asked to repay anything, evermonospaced
- Haha I'm not paying for it? Who the fuck do u think pays for it. Are u that stupid about fed budgets?deathboy
- About the devalue of capital when u digitally increase currency so much cash and coinage can't keep up. Because do u know the cost to print a billion dollarsdeathboy
- Seriously read a fuckin book. Shit even if it's Nancy drew it might help u. U can quote that by the waydeathboy
- Milan3
Meanwhile Jeff Pesos made $13 billion in a day.
- this is absolutely. fucking. insane.colin_s
- Even putting aside Jeff making 13 billion, this is pretty fucked situation.yuekit
- What happens when 37% of people in a state get evicted? Where the fuck are they going to go?PhanLo
- https://i.imgur.com/…Milan
- ^Why would any society not fight for that not to happen Milan? What benefit does that have to collective prosperity?PhanLo
- Just kidding, it's America, of course it'll happen.PhanLo
- See I don't see the point of bringing how much money this guy or another made in a day, this isn't his responsibility, you should be pointing at the governmenternexbcn
- if anything Bezos is at least providing jobs to quite a few people, wanna tax him more? be my guest, they are also asking to be taxed more, at least some haveernexbcn
- from outside the US, it's crazy you have money for pretty much any war but cannot seem to provide a social net for the people in need, this includes healthcareernexbcn
- but blaming this on the billionaires is disingenuous in my opinion, the problem is elsewhereernexbcn
- why does one person need $200 billion? the jobs he's creating are minimum wage. his workers/slaves are barely making ends meet.Milan
- Milan makes a good point. Close Amazon now! Until someone runs a company for livable wage shut them all downdeathboy
- colin_s3
capitalists are pouring everything they can into stirring the discontent among the masses because the second class consciousness overcomes racial bias in america is the second the tide turns in western power
this mass of evictions that is about to take place could very well create something, but more that likely it will lead to a massive shit show
- Politically C_s, how would you describe yourself?Morning_star
- Second class consciousness... Uhm what? So corps or people have this? Or is it merely like nytimes was dead until trump won.deathboy
- Mostly media companies running what the fuck ever if it helps their bottom line. Truth is irrelevant. And since truth/ reason is irrelevant we have useful idiotdeathboy
- Shaping the mediaspheres messaging? I will say capitalism is like gravity. People shaping of it I to consumerism. Direct by gov is a shame. Setting monetary thadeathboy
- But u have to rember that is gov. The same people u think can run your socialist utopian. Good luckdeathboy
- Beeswax0
What is the next reserve currency?
- Russia, China, Europe and several other countries are ditching SWIFT standrt for transfers and creating new systems of transfer for local currencies.Beeswax
- Cryptocurrencyzaq
- Dogecoinyuekit
- The Scottish Poundkingsteven
- Pokémonface_melter
- V-bucksKrassy
- grafician1
- guns dont kill people.. people dohotroddy
- Are there people who actually believe this is how the economy works?Gnash
- Which one? Because both are false.deadsperm
- BothGnash
- https://youtu.be/aBw…deadsperm
- People lie. Numbers don’t.monospaced
- Bitches ain't shit.deadsperm
- Are maybe generalizations are dumb? Immigrants CAN lower wages, but few economists would try to claim the wage stagnation of the past few decadesyuekit
- is all or primarily due to immigration. Immigrants and their kids also founded nearly half of Fortune 500 companies in America.yuekit
- hey mono learned somethingdeathboy
- market forces and local and political issues dicate costs more than anything. If they support an inflated minimum wage but allow illegal labor u will see issuesdeathboy
- utopian-1
This is how American Capitalism works!
U.S. Treasury to Lend $700 Million to Trucking Firm YRC Worldwide. Government will take a 29.6% equity stake in the company, Treasury ... Photo: YRC Worldwide Inc. By ... The Treasury said publicly traded YRC qualified for the loan under a ... WSJ explains where all that stimulus money is coming from.
- its not much new https://www.youtube.…deathboy
- but again not capitalism. its socialismdeathboy
- be interested around 14 min. but more so between rules of railroads and later truckingdeathboy
- at 17min might learn about beta blockers and FDAdeathboy
