Perhaps Jamie Dimon can take part of his just increased $36 million dollar salary and have some research done into the lives of German Industrialists in the 30s and 40s
Perhaps Jamie Dimon can take part of his just increased $36 million dollar salary and have some research done into the lives of German Industrialists in the 30s and 40s
Statements like that make me want to start taxing them like Bernie Sanders - take all their money - tax payers saved their industry anyway. It's embarrassing that these so called "leaders" are hedging instead of either shutting their mouth or making affirmative statements about the importance of democracy. I realize we're only hearing from the loud ones, but it really is astounding how craven these people are considering their personal financial resources.
Even though many say that capitalism is the best system for democracy, I think democracy is not important to those at the top. Oligarchs do very well in an authoritarian system. (See Russia.) Dimon will be just fine under Trump 2.0.
I wonder if it would be true here, that unfettered oligarchs would do well under another Trump regime. Our economy is very dependent on consumer spending. Every holiday season, the most newsy metric is how much MORE was spent than the prior yearтАЩs gluttony. If too much of our population becomes too broke to spend beyond the basic necessities, that would have to be a bad thing for the rich, at some level.
If Trump did all of the things he says he'll do, it'll have potentially devastating consequences for the economy. Pulling out of NATO and refusing to support allies will cause tectonic geopolitical shifts, destabilizing the world and resulting in increased conflict. Conflict is bad for business (unless it *is* your business). Rounding up immigrants by the thousands or millions would destabilize so many industries. Linda Chavez wrote a great article about this the other day. Houses would be vacated, companies would be understaffed, supply-chains will struggle, inflation will go up. Never mind the consequences of yielding global influence to an increasingly powerful China. A Trump 2.0 could be devastating to many businesses and the wealthy behind them. Nonetheless, some would find new ways of exploiting the situation and manage to extract more wealth out of an increasingly fragile economy, ├а la Russia.
Back in the Fall I was preparing to sell my off grid remote cabin - then I decided to wait until after the election. Too much uncertainty right now for major decisions. I canтАЩt be the only one, putting off important life changes because of fear, really.
My wife and I are currently living off-grid in AK. For a number of reasons, we're likely to leave next year. If we don't want to endure another winter, we have to get started on leaving in the spring to ensure we can get out of here. At the same time, we've discussed reasons to stay and one of them is, what if there's major social upheaval? What if there's mass civil unrest? Do we really want to be in the Lower 48 where there are *more* people? We are pretty isolated out here, so we'd be able to avoid a lot. At the same time, if civilization does start to crumble, do we really want to be in such an inhospitable place? If the cost of fuel were to jump, we'd be facing major challenges with electricity and heat during the long, cold winter.
Wow, itтАЩs amazing to connect with someone dealing with the same exact calculations. My thoughts tumble along the same lines. Another feature that caused me to apply the brakes on listing my property was the weird stagnant real estate market for both buyers and sellers. Even if I sold my place, IтАЩm not eager to pay current exorbitant rents or mortgage interest rates that are common on the west coast. My place is ineligible for a mortgage because it has water access only and no utilities, which results in a very small pool of potential buyers; theyтАЩd have to have cash, without even the option of taking out their own second mortgage on an existing residence - because of interest rates. On the other hand, IтАЩm not getting any younger, and as you know itтАЩs a rigorous lifestyle. I do pretty well with solar (except during the shortest days of winter) for electricity, and plentiful free wood for warmth. But itтАЩs a lot of work. And medically risky at age 71. Are you optimistic about selling your place?
I think we have some reason to be optimistic. It's a great property for recreational purposes. It's 20 acres that's remote enough to feel like you're away from the city, but only 45 min drive to most things you need (10 min. to the local post office and gas stations). We live near a major recreation and tourist spot on a mountain (10 min. in the other direction). Our property is bordered on 2 sides by public state land (must be 1000s of acres) and an established sledding/atv trail runs across the southern border. This is the kind of place that, if you don't live here year-round, you come with friends and family in the summer, park you RV and ATV trailer, then ride right off the property into the Alaska wild for all sorts of fun. It would potentially make a great rental property for summer tourists that want to hunt and recreate. Still, we have a lot invested in this and can't afford much of a loss. I'm hoping as the economy rebounds from COVID/Ukraine/etc. and interests rates come down, someone out there will want to shell out for a summer place like this.
More similarities. IтАЩm surrounded by private тАЬindustrialтАЭ forest land. I have access to hiking on miles of logging roads that are closed to public vehicle use. Amazingly, once I boat 5 minutes to my car, IтАЩm a 5 minute drive to Costco! ItтАЩs an odd juxtaposition. I have the same hopes, about attracting outdoor enthusiasts. And IтАЩm one mile from the Pacific Ocean. But I had two realtors тАЬghostтАЭ me; I think their assessment is itтАЩs too much work, for their commission compared to a residence in town. So I may have to sell it myself, when the time comes. It will be interesting to see what the future holds, one way or another.
My thoughts exactly. I canтАЩt believe the elite business world doesnтАЩt see it, loud and clear. A Trump win means the end of the world as we know it.
Can't remember who it was, but someone on a podcast with Tim Miller mentioned how these are the least patriotic people in the country. They become unimaginably wealthy in this economy - because of democracy, free markets, etc - and then turn around and whine that they might have to pay taxes. And of course when their industry is in trouble, they all hop on their private jets to D.C. with their hand out. I am a moderate, but I understand why people find economic populism attractive.
Unfortunately, i think it was not entirely a cautionary tale. I think many of them went on to (continue to) lead their companies for years after the war.
There was a "funny" Mercedes commercial some years back celebrating their history as a company. For some odd reason, the years 1933-1945 were completely absent from their hagiography.
As did many of the judges who handed out draconian sentences for the Nazis. It took until the Auschwitz Trial in the early 1960s for many people to be confronted by the horrors committed by their neighbors against their neighbors. And even then, the "ideology" was not eradicated. It is alive and well in the AFD (Alternative For Deutschland) party today.
A big scandal has finally surfaced when an investigative group filmed a radical right wing group hosting some AFD members in a rented mansion for a discussion of "Remigration". To them that is code for deportation of not only illegal immigrants, or those refused immigrant status, but also people who have, in their words, obtained Germany citizenshiip as an immigrant by improper means (whatever that will mean). Finally many "normal" citizens are waking up and demonstrations have been occurring in many large cities throughout Germany (one is occurring in Frankfurt tomorrow, affirmatively protesting for Democracy.
Perhaps Jamie Dimon can take part of his just increased $36 million dollar salary and have some research done into the lives of German Industrialists in the 30s and 40s
Imo Dimon was just covering his bases if tRump wins the election.
Statements like that make me want to start taxing them like Bernie Sanders - take all their money - tax payers saved their industry anyway. It's embarrassing that these so called "leaders" are hedging instead of either shutting their mouth or making affirmative statements about the importance of democracy. I realize we're only hearing from the loud ones, but it really is astounding how craven these people are considering their personal financial resources.
Even though many say that capitalism is the best system for democracy, I think democracy is not important to those at the top. Oligarchs do very well in an authoritarian system. (See Russia.) Dimon will be just fine under Trump 2.0.
Oligarchs are an endangered species in Russia, seems they keep falling out of windows...
Hah!ЁЯШВ
I wonder if it would be true here, that unfettered oligarchs would do well under another Trump regime. Our economy is very dependent on consumer spending. Every holiday season, the most newsy metric is how much MORE was spent than the prior yearтАЩs gluttony. If too much of our population becomes too broke to spend beyond the basic necessities, that would have to be a bad thing for the rich, at some level.
If Trump did all of the things he says he'll do, it'll have potentially devastating consequences for the economy. Pulling out of NATO and refusing to support allies will cause tectonic geopolitical shifts, destabilizing the world and resulting in increased conflict. Conflict is bad for business (unless it *is* your business). Rounding up immigrants by the thousands or millions would destabilize so many industries. Linda Chavez wrote a great article about this the other day. Houses would be vacated, companies would be understaffed, supply-chains will struggle, inflation will go up. Never mind the consequences of yielding global influence to an increasingly powerful China. A Trump 2.0 could be devastating to many businesses and the wealthy behind them. Nonetheless, some would find new ways of exploiting the situation and manage to extract more wealth out of an increasingly fragile economy, ├а la Russia.
Back in the Fall I was preparing to sell my off grid remote cabin - then I decided to wait until after the election. Too much uncertainty right now for major decisions. I canтАЩt be the only one, putting off important life changes because of fear, really.
My wife and I are currently living off-grid in AK. For a number of reasons, we're likely to leave next year. If we don't want to endure another winter, we have to get started on leaving in the spring to ensure we can get out of here. At the same time, we've discussed reasons to stay and one of them is, what if there's major social upheaval? What if there's mass civil unrest? Do we really want to be in the Lower 48 where there are *more* people? We are pretty isolated out here, so we'd be able to avoid a lot. At the same time, if civilization does start to crumble, do we really want to be in such an inhospitable place? If the cost of fuel were to jump, we'd be facing major challenges with electricity and heat during the long, cold winter.
Wow, itтАЩs amazing to connect with someone dealing with the same exact calculations. My thoughts tumble along the same lines. Another feature that caused me to apply the brakes on listing my property was the weird stagnant real estate market for both buyers and sellers. Even if I sold my place, IтАЩm not eager to pay current exorbitant rents or mortgage interest rates that are common on the west coast. My place is ineligible for a mortgage because it has water access only and no utilities, which results in a very small pool of potential buyers; theyтАЩd have to have cash, without even the option of taking out their own second mortgage on an existing residence - because of interest rates. On the other hand, IтАЩm not getting any younger, and as you know itтАЩs a rigorous lifestyle. I do pretty well with solar (except during the shortest days of winter) for electricity, and plentiful free wood for warmth. But itтАЩs a lot of work. And medically risky at age 71. Are you optimistic about selling your place?
I think we have some reason to be optimistic. It's a great property for recreational purposes. It's 20 acres that's remote enough to feel like you're away from the city, but only 45 min drive to most things you need (10 min. to the local post office and gas stations). We live near a major recreation and tourist spot on a mountain (10 min. in the other direction). Our property is bordered on 2 sides by public state land (must be 1000s of acres) and an established sledding/atv trail runs across the southern border. This is the kind of place that, if you don't live here year-round, you come with friends and family in the summer, park you RV and ATV trailer, then ride right off the property into the Alaska wild for all sorts of fun. It would potentially make a great rental property for summer tourists that want to hunt and recreate. Still, we have a lot invested in this and can't afford much of a loss. I'm hoping as the economy rebounds from COVID/Ukraine/etc. and interests rates come down, someone out there will want to shell out for a summer place like this.
More similarities. IтАЩm surrounded by private тАЬindustrialтАЭ forest land. I have access to hiking on miles of logging roads that are closed to public vehicle use. Amazingly, once I boat 5 minutes to my car, IтАЩm a 5 minute drive to Costco! ItтАЩs an odd juxtaposition. I have the same hopes, about attracting outdoor enthusiasts. And IтАЩm one mile from the Pacific Ocean. But I had two realtors тАЬghostтАЭ me; I think their assessment is itтАЩs too much work, for their commission compared to a residence in town. So I may have to sell it myself, when the time comes. It will be interesting to see what the future holds, one way or another.
My wife and I wish you the best of luck.
My thoughts exactly. I canтАЩt believe the elite business world doesnтАЩt see it, loud and clear. A Trump win means the end of the world as we know it.
Really good point. Gonna think on that.
Can't remember who it was, but someone on a podcast with Tim Miller mentioned how these are the least patriotic people in the country. They become unimaginably wealthy in this economy - because of democracy, free markets, etc - and then turn around and whine that they might have to pay taxes. And of course when their industry is in trouble, they all hop on their private jets to D.C. with their hand out. I am a moderate, but I understand why people find economic populism attractive.
Maybe even Putin 4.0
Come on, this time will be different! [They all tell themselves this, and they all find out that they aren't special.]
"Now isn't that special" The church lady
Unfortunately, i think it was not entirely a cautionary tale. I think many of them went on to (continue to) lead their companies for years after the war.
There was a "funny" Mercedes commercial some years back celebrating their history as a company. For some odd reason, the years 1933-1945 were completely absent from their hagiography.
As did many of the judges who handed out draconian sentences for the Nazis. It took until the Auschwitz Trial in the early 1960s for many people to be confronted by the horrors committed by their neighbors against their neighbors. And even then, the "ideology" was not eradicated. It is alive and well in the AFD (Alternative For Deutschland) party today.
A big scandal has finally surfaced when an investigative group filmed a radical right wing group hosting some AFD members in a rented mansion for a discussion of "Remigration". To them that is code for deportation of not only illegal immigrants, or those refused immigrant status, but also people who have, in their words, obtained Germany citizenshiip as an immigrant by improper means (whatever that will mean). Finally many "normal" citizens are waking up and demonstrations have been occurring in many large cities throughout Germany (one is occurring in Frankfurt tomorrow, affirmatively protesting for Democracy.
And Dimon would ask you to be more respectful of them.
To which I say, people in hell want ice water, too.
"Oh well.Never mind" * Emily Litela