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MicroGravity
ParticipantThe 401k was one of the greatest gifts to wall street ever. Millions of people pouring billions of dollars into stocks that they have neither interest nor knowledge. Take a look at what happened to the volume on Wall Street after 401k dollars started pouring in. It was at this point when CEO salaries began to become completely unhinged and decorrelated with company performance and other professionals’ pay.
Once, for example, Coke stock was no longer owned and being watched over by interested and knowledgeable parties, but instead by school teachers and Starbucks workers, the CEO salary was no longer monitored by the majority shareholders. Even if these people realized that they actually owned shares of Coke, what possible impact could they possibly have on the CEO’s salary.
When Peter Lynch or Warren Buffet buy huge shares in companies, they make sure to get a say. But when the majority holders are a few million unrelated people–that likely don’t know they even own that stock–it is not surprise that CEO’s have huge salaries even when the company is making really stupid decisions.
Add in the fact that major retirement funds do their block buys on known dates, and high speed traders skim a little off the top each time the small blip in stock price occurs during that period, and your getting even more screwed.
Happy Friday.ParticipantThe 401k was one of the greatest gifts to wall street ever. Millions of people pouring billions of dollars into stocks that they have neither interest nor knowledge. Take a look at what happened to the volume on Wall Street after 401k dollars started pouring in. It was at this point when CEO salaries began to become completely unhinged and decorrelated with company performance and other professionals’ pay.
Once, for example, Coke stock was no longer owned and being watched over by interested and knowledgeable parties, but instead by school teachers and Starbucks workers, the CEO salary was no longer monitored by the majority shareholders. Even if these people realized that they actually owned shares of Coke, what possible impact could they possibly have on the CEO’s salary.
When Peter Lynch or Warren Buffet buy huge shares in companies, they make sure to get a say. But when the majority holders are a few million unrelated people–that likely don’t know they even own that stock–it is not surprise that CEO’s have huge salaries even when the company is making really stupid decisions.
Add in the fact that major retirement funds do their block buys on known dates, and high speed traders skim a little off the top each time the small blip in stock price occurs during that period, and your getting even more screwed.
Happy Friday.ParticipantThe 401k was one of the greatest gifts to wall street ever. Millions of people pouring billions of dollars into stocks that they have neither interest nor knowledge. Take a look at what happened to the volume on Wall Street after 401k dollars started pouring in. It was at this point when CEO salaries began to become completely unhinged and decorrelated with company performance and other professionals’ pay.
Once, for example, Coke stock was no longer owned and being watched over by interested and knowledgeable parties, but instead by school teachers and Starbucks workers, the CEO salary was no longer monitored by the majority shareholders. Even if these people realized that they actually owned shares of Coke, what possible impact could they possibly have on the CEO’s salary.
When Peter Lynch or Warren Buffet buy huge shares in companies, they make sure to get a say. But when the majority holders are a few million unrelated people–that likely don’t know they even own that stock–it is not surprise that CEO’s have huge salaries even when the company is making really stupid decisions.
Add in the fact that major retirement funds do their block buys on known dates, and high speed traders skim a little off the top each time the small blip in stock price occurs during that period, and your getting even more screwed.
Happy Friday.ParticipantThe 401k was one of the greatest gifts to wall street ever. Millions of people pouring billions of dollars into stocks that they have neither interest nor knowledge. Take a look at what happened to the volume on Wall Street after 401k dollars started pouring in. It was at this point when CEO salaries began to become completely unhinged and decorrelated with company performance and other professionals’ pay.
Once, for example, Coke stock was no longer owned and being watched over by interested and knowledgeable parties, but instead by school teachers and Starbucks workers, the CEO salary was no longer monitored by the majority shareholders. Even if these people realized that they actually owned shares of Coke, what possible impact could they possibly have on the CEO’s salary.
When Peter Lynch or Warren Buffet buy huge shares in companies, they make sure to get a say. But when the majority holders are a few million unrelated people–that likely don’t know they even own that stock–it is not surprise that CEO’s have huge salaries even when the company is making really stupid decisions.
Add in the fact that major retirement funds do their block buys on known dates, and high speed traders skim a little off the top each time the small blip in stock price occurs during that period, and your getting even more screwed.
Happy Friday.Participant[quote=Arraya][quote=dbapig][quote=jpinpb]Yes. Thank you. I was going to say somewhere along the way the definition of “God’s work” got terribly perverse and evil. Weren’t money changers casted from the temple.[/quote]
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).[/quote]
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don’t advocate nationalization, for that is the devils work![/quote]
Seeing how the Fed is a collection of private banks, wouldn’t their job description be “Making as much money as possible?”
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”Participant[quote=Arraya][quote=dbapig][quote=jpinpb]Yes. Thank you. I was going to say somewhere along the way the definition of “God’s work” got terribly perverse and evil. Weren’t money changers casted from the temple.[/quote]
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).[/quote]
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don’t advocate nationalization, for that is the devils work![/quote]
Seeing how the Fed is a collection of private banks, wouldn’t their job description be “Making as much money as possible?”
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”Participant[quote=Arraya][quote=dbapig][quote=jpinpb]Yes. Thank you. I was going to say somewhere along the way the definition of “God’s work” got terribly perverse and evil. Weren’t money changers casted from the temple.[/quote]
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).[/quote]
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don’t advocate nationalization, for that is the devils work![/quote]
Seeing how the Fed is a collection of private banks, wouldn’t their job description be “Making as much money as possible?”
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”Participant[quote=Arraya][quote=dbapig][quote=jpinpb]Yes. Thank you. I was going to say somewhere along the way the definition of “God’s work” got terribly perverse and evil. Weren’t money changers casted from the temple.[/quote]
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).[/quote]
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don’t advocate nationalization, for that is the devils work![/quote]
Seeing how the Fed is a collection of private banks, wouldn’t their job description be “Making as much money as possible?”
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”Participant[quote=Arraya][quote=dbapig][quote=jpinpb]Yes. Thank you. I was going to say somewhere along the way the definition of “God’s work” got terribly perverse and evil. Weren’t money changers casted from the temple.[/quote]
Yes they were. The fact you should remember is that they were inside of the temple, not outside, although not in the center of the temple. Seems like in our era, the money changers are in the center of the temple (aka nation).[/quote]
Yes, high priests of fiat, practicing their voodoo magic ponzi-schemes, reside in the Federal Reserve. The nerve center of the country.
Funny how their job description is to protect from asset bubbles. How did they do?
It will only cost us 25 trillion.
Don’t advocate nationalization, for that is the devils work![/quote]
Seeing how the Fed is a collection of private banks, wouldn’t their job description be “Making as much money as possible?”
Jefferson, whom I believe to be more intelligent and less corrupt than Bush or Obama:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”ParticipantWow, I forgot how interesting the non-RE piggy posts can get. I know it’s a web forum, but the amount of vitriol and “facts” are a bit disturbing.
I am and work with hundreds of scientists and I can honestly tell you that there is very little correlation (can’t comment on causation!) between being a scientist and religious belief. The one thing I have noticed is that scientists, on average, have thought through their stance more than most. I don’t know if it’s because of the analytical mind or the fact that we study the workings of nature (or God’s plan–take your pick) everyday.
My advisor was a friend of Sagan, and also a devout Catholic. I can tell you that they disagreed completely when it came to religion, but they were still friends and both stood in awe of nature.
Which reminds me:I was privileged to hear a conversation between Sagan and the Vatican astronomer.
Sagan could not understand how one could look out at the universe and recognize that nature did not require a god. The Vatican astronomer said” How can one peer into the universe and not see God.”
I’d argue that they were both competent planetary scientists…ParticipantWow, I forgot how interesting the non-RE piggy posts can get. I know it’s a web forum, but the amount of vitriol and “facts” are a bit disturbing.
I am and work with hundreds of scientists and I can honestly tell you that there is very little correlation (can’t comment on causation!) between being a scientist and religious belief. The one thing I have noticed is that scientists, on average, have thought through their stance more than most. I don’t know if it’s because of the analytical mind or the fact that we study the workings of nature (or God’s plan–take your pick) everyday.
My advisor was a friend of Sagan, and also a devout Catholic. I can tell you that they disagreed completely when it came to religion, but they were still friends and both stood in awe of nature.
Which reminds me:I was privileged to hear a conversation between Sagan and the Vatican astronomer.
Sagan could not understand how one could look out at the universe and recognize that nature did not require a god. The Vatican astronomer said” How can one peer into the universe and not see God.”
I’d argue that they were both competent planetary scientists…ParticipantWow, I forgot how interesting the non-RE piggy posts can get. I know it’s a web forum, but the amount of vitriol and “facts” are a bit disturbing.
I am and work with hundreds of scientists and I can honestly tell you that there is very little correlation (can’t comment on causation!) between being a scientist and religious belief. The one thing I have noticed is that scientists, on average, have thought through their stance more than most. I don’t know if it’s because of the analytical mind or the fact that we study the workings of nature (or God’s plan–take your pick) everyday.
My advisor was a friend of Sagan, and also a devout Catholic. I can tell you that they disagreed completely when it came to religion, but they were still friends and both stood in awe of nature.
Which reminds me:I was privileged to hear a conversation between Sagan and the Vatican astronomer.
Sagan could not understand how one could look out at the universe and recognize that nature did not require a god. The Vatican astronomer said” How can one peer into the universe and not see God.”
I’d argue that they were both competent planetary scientists…ParticipantWow, I forgot how interesting the non-RE piggy posts can get. I know it’s a web forum, but the amount of vitriol and “facts” are a bit disturbing.
I am and work with hundreds of scientists and I can honestly tell you that there is very little correlation (can’t comment on causation!) between being a scientist and religious belief. The one thing I have noticed is that scientists, on average, have thought through their stance more than most. I don’t know if it’s because of the analytical mind or the fact that we study the workings of nature (or God’s plan–take your pick) everyday.
My advisor was a friend of Sagan, and also a devout Catholic. I can tell you that they disagreed completely when it came to religion, but they were still friends and both stood in awe of nature.
Which reminds me:I was privileged to hear a conversation between Sagan and the Vatican astronomer.
Sagan could not understand how one could look out at the universe and recognize that nature did not require a god. The Vatican astronomer said” How can one peer into the universe and not see God.”
I’d argue that they were both competent planetary scientists…ParticipantWow, I forgot how interesting the non-RE piggy posts can get. I know it’s a web forum, but the amount of vitriol and “facts” are a bit disturbing.
I am and work with hundreds of scientists and I can honestly tell you that there is very little correlation (can’t comment on causation!) between being a scientist and religious belief. The one thing I have noticed is that scientists, on average, have thought through their stance more than most. I don’t know if it’s because of the analytical mind or the fact that we study the workings of nature (or God’s plan–take your pick) everyday.
My advisor was a friend of Sagan, and also a devout Catholic. I can tell you that they disagreed completely when it came to religion, but they were still friends and both stood in awe of nature.
Which reminds me:I was privileged to hear a conversation between Sagan and the Vatican astronomer.
Sagan could not understand how one could look out at the universe and recognize that nature did not require a god. The Vatican astronomer said” How can one peer into the universe and not see God.”
I’d argue that they were both competent planetary scientists… -
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