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Welcome to the Exploding Garrmondo Weiner Interactive Swiss Army Penis. |
GFF is a community of gaming and music enthusiasts. We have a team of dedicated moderators, constant member-organized activities, and plenty of custom features, including our unique journal system. If this is your first visit, be sure to check out the FAQ or our GFWiki. You will have to register before you can post. Membership is completely free (and gets rid of the pesky advertisement unit underneath this message).
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Investment banking does create wealth, just not new types of wealth. Oh wait, it indirectly does that too, shit, fuck jews.
It's not going to happen with tepid lip service to circle jerking nerds. This thing is sticky, and I don't like it. I don't appreciate it. |
Also, citing depreciation as a cost of motoring is retarded. Who buys a car based on the potential future resale value? I am a dolphin, do you want me on your body? |
Collectors.
I was speaking idiomatically. |
Accountants. Every finance exec I've ever met drives a car that's at least 4 years old. Every one of them has commented on the fact that vehicles depreciate a crapload early in their life and that buying new vehicles is the dumbest thing ever. What kind of toxic man-thing is happening now? |
I appreciate the necessity of needing people to shuffle around large sums of money nowadays with how expensive things are and how it requires large collectives of people to get some of these things accomplished, but I often feel their value is a bit exaggerated. I mean, how does trading stock beyond the initial investment in the original company actually generate money for anyone? It seems about as useful to society as buying ten pounds of gold, sitting on it for five years, and then reselling it, to me. FELIPE NO |
Off the off-topic:
How nice it must be to worry about record high prices for cars, while a lot of people are worrying about record high prices for food Back to the regularly scheduled off-topic! What, you don't want my bikini-clad body? |
You don't want investment bankers responsible for scientific or productive parts of society. They can't handle facts or reality so they'd have nothing to contribute. I bet 60-80% of Wall Street is jacked up on booze, pills, or drugs. The rest occupy their time by crying to or doing the most depraved acts humans can think up with $2000+/hr whores. Elliot Spitzer spent his life/career cracking down on all that, and look what happened to him in the end. Gahahaha!!!
Why worry about it now eh? People aren't starving... yet. They're just hoarding. It's what people do in times of out of control inflation. (or hyperinflation) It's one of the only ways people can protect their wealth.
Uhhhh I'm not one of those accountants that knows anything like that. I lack ambition among other things. Jam it back in, in the dark. |
I'm just making the point that investment banking does create wealth by allowing capital to be fluid instead of just sitting in banks or under mattresses. Yeah, if nobody wants to be a scientist that is a problem. I'm sorry your earnings don't match your self-importance. There's nowhere I can't reach. |
Brady, how does it actually create wealth and not just provide a service for which new wealth can be generated from? A slightly different question; does me paying the mortgage on my house cause the bank to generate wealth? This thing is sticky, and I don't like it. I don't appreciate it. |
It doesn't generate wealth, it steals it. You're making the bank profit by paying your mortgage, because you're gonna end up paying far more than they lent you. The principal is the same for investment banks, only it steals from far more people and deposits the returns into the bonus checks of CEOs... then they walk away with all those millions of dollars while the banks struggle to survive, and continue to steal from people through foreclosures.
Yeah I know its all 'legit', but that does not make it right. I am a dolphin, do you want me on your body? |
Yes. That is exactly how investment banking works Nehmi, you got it right. (hang the jews)
Teaching is even far less paying work but our education colleges aren't exactly drying up for want of prospective educators.
Your relationship is also flawed. Paying your mortgage doesn't create wealth, but the loan that the bank gave you beforehand enabled you to build that house in the first place and your mortgage payments are the incentive for the bank to have loaned you money to begin with. Without those kind of loans properties could only be developed by people with the raw cash reserves to purchase land outright from the Crown because the King had the good sense to run those damn jews out of town a long time ago. I was speaking idiomatically. |
Whoops, I didn't meant for it to be taken as a relationship.
I suppose my point is that I feel the importance of these people that do the money-shuffling is exaggerated as they're providing a simple service so that actual wealth can be generated. So why does this service seem to be valued more by the marketplace than the actual people generating the wealth? (Perhaps it's the same reason when Congress asks itself if it deserves a pay raise, the answer is seldom "No.") What kind of toxic man-thing is happening now? |
They get paid a lot because they help people make a lot of money that would have otherwise required a large amount of time and research. It's also a risky, stressful venture.
Take solace in the fact that society values you far more than the marketplace could value an investment banker. FELIPE NO |
RR could melt his hands off. That's a risky, stressful venture also.
How ya doing, buddy? |