by SouthernGentleman » Sat Dec 26, 2015 12:21 pm
John, may I first say that Generational Dynamics is frightenly accurate. I have been a daily reader for approximately 10 years. I can say with certainty that you are correct in your assessments. The future Gen Dyn predicts scares the hell out of me. I too watched The Big Short on Christmas Day. I too see that our financial system has not learned anything from the past. In fact it is by far worse. I have been a stockbroker for the past 30 years. You may hate me and lump me in with the others but I have always been honest in my career and honest with my clients. My upper management of the firms I have been associated with over the years are complete idiots. All they care about is shareholder value and their bonus not the clients best interest. Over the years I have seen these same upper management morons continue to make millions and do nothing about the situation of product layering. I agree that government has turned away from prosecution of the fraud. I do think it is not a red vs blue political issue. It is much bigger than that. It is the ultra wealthy vs the rest of us. Two of my clients, one on the red team and one on the blue team gifted money to their families again this year from profits of their investments. Each are multi billionaires. They give children, grandchildren, great grandchilren and various LLC's and trust they control millions each year. Each contribute millions to their red PAC and blue PAC which is now easier with the Supreme Court ruling. My conclusions are based on what I experience daily. Management in all brokerage firms are idiots. Racism exists and is strong in the south. Most importantly, the Ultra rich control government. God bless you and anyone else who can see the truth. Prepare yourself for the future Gen Dyn predicts.
John, may I first say that Generational Dynamics is frightenly accurate. I have been a daily reader for approximately 10 years. I can say with certainty that you are correct in your assessments. The future Gen Dyn predicts scares the hell out of me. I too watched The Big Short on Christmas Day. I too see that our financial system has not learned anything from the past. In fact it is by far worse. I have been a stockbroker for the past 30 years. You may hate me and lump me in with the others but I have always been honest in my career and honest with my clients. My upper management of the firms I have been associated with over the years are complete idiots. All they care about is shareholder value and their bonus not the clients best interest. Over the years I have seen these same upper management morons continue to make millions and do nothing about the situation of product layering. I agree that government has turned away from prosecution of the fraud. I do think it is not a red vs blue political issue. It is much bigger than that. It is the ultra wealthy vs the rest of us. Two of my clients, one on the red team and one on the blue team gifted money to their families again this year from profits of their investments. Each are multi billionaires. They give children, grandchildren, great grandchilren and various LLC's and trust they control millions each year. Each contribute millions to their red PAC and blue PAC which is now easier with the Supreme Court ruling. My conclusions are based on what I experience daily. Management in all brokerage firms are idiots. Racism exists and is strong in the south. Most importantly, the Ultra rich control government. God bless you and anyone else who can see the truth. Prepare yourself for the future Gen Dyn predicts.