TranceAddict Forums (www.tranceaddict.com/forums)
- Chill Out Room
-- The world's richest man...
Pages (3): « 1 2 [3]
| quote: |
| Originally posted by jennypie So? If that's his value system, how is it wrong? |
| quote: |
| Originally posted by Halcyon+On+On hehe. Yeah, not to downplay Buffet and Gates' trading in of excessive amounts of money to charities for excessive amounts of publicity, but perhaps this guy operates under the philosophy that if he actually spends his money, it will do well for the economy. I'm going to make Jenny hard here and draw a little from Rand - people who are among the world's wealthiest did not win the lottery. Heirs are not exceedingly common - the world's richest made their fortune through hard work and the seizing of opportunities. People like that believe that everyone should earn their way through life - charity does nothing but reward the weak for their non-efforts. If this man is spending a few million dollars on personal expenses each month, he is stimulating the economy wherever he goes, and that is one of the greatest boons towards hard-working people one could grant. A healthy economy, in theory, rewards those who work hard within it, whatever their lot in life is. When you give people money who aren't actually exchanging it for a service or a good, it is a waste of money and does nothing to actually help an individual become stronger. /nutshell |
War must be the best invention ever, as stimulating as it is to "the economy."
In any case, it sure does a good job at making the rich richer and the poor deader.
Ayn Rand is to philosophy what Kenny G is to jazz.
| quote: |
| Originally posted by Halcyon+On+On In any case, it sure does a good job at making the rich richer and the poor deader. |
| quote: |
| Originally posted by MrJiveBoJingles Indeed! Poverty is a sure marker that you have lost the evolutionary race and deserve to be trampled down. |
| quote: |
| Originally posted by jennypie Oh fuck off. LoL. |
| quote: |
| Originally posted by MrJiveBoJingles Hmm? |
Making lots of money means that you are strong, of course. 
I like where this is going.
| quote: |
| Originally posted by MrJiveBoJingles Making lots of money means that you are strong, of course. |
I'm a sympathizer of people who don't make much money. It's up to you whether you want to call such people "weak."
Here it comes:
"They're weak-willed. Lots of them are lazy, or too stupid to take advantage of the opportunities in front of them. Unless they're disabled in some way, they deserve their poverty. They should try to lift themselves out of their bad situation ["just like I did" will come next, if the person happens to be one of those 'achievers' who takes his or her situation as a model for everyone else's]."
Heard it all before. So yeah, not much point in arguing about it.
No, I'm not saying poor people deserve their poverty. I'm saying that people of able mind and body who have opportunity have no excuse to be poor.
And it shouldn't be the duty of the rich to help them, unless it's within said rich person's moral code.
Hey, speaking of the excessively wealthy...
| quote: |
| $4.5 billion options bet on catastrophe within four weeks Anybody have a clue as to what these 'investors' are expecting? The two sales are being referred to by market traders as "bin Laden trades" because only an event on the scale of 9-11 could make these short-sell options valuable. There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep "in the money" calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven't seen before. The entity or individual offering these sales can only make money if the market drops 30%-50% within the next four weeks. If the market does not drop, the entity or individual involved stands to lose over $1 billion just for engaging in these contracts! Clearly, someone knows something big is going to happen BEFORE the options expire on Sept. 21. THEORIES: The following theories are being discussed widely within the stock and options markets today regarding the enormous and very unusual activity reported above and two stories below. Those theories are: 1) A massive terrorist attack is going to take place before Sept. 21 to tank the markets, OR; 2) China, reeling over losing $10 Billion in bad loans to the sub-prime mortgage collapse presently taking place, is going to dump US currency and tank all of Capitalism with a Communist financial revolution. Either scenario is bad and the clock is ticking. The drop-dead date of these contracts is September 21. Whatever is going to happen MUST take place between now and then or the folks involved in these contracts will lose over $1 billion for having engaged in this activity. "$1.78 Billion Bet that Stock Markets will crash by third week in September Anonymous Stock Trader Sells 10K Contracts on EVERY S&P/Y "Strike" Shorts Stocks "in the money" effectively selling all his SPY holdings for cash up front without pressuring the market downward. This is an enormous and dangerous stock option activity. If it goes right, the guy makes about $2 Billion. If he's wrong, his out of pocket costs for buying these options will exceed $700 Million!!! The entity who sold these contracts can only make money if the stock market totally crashes by the third week in September. Bear in mind that the last time anyone conducted such large and unusual stock option trades (like this one) was in the weeks before the attacks of September 11. Back then, they bought huge numbers of PUTS on airline stocks in the same airlines whose planes were involved in the September 11 attacks. Despite knowing who made these trades, the Securities and Exchange Commission NEVER revealed who made the unusual trades and no one was ever publicly identified as being responsible for the trades which made upwards of $50 million when the attacks happened. The fact that this latest activity by a single entity gambles on a complete collapse of the entire market by the third week in September, seems to indicate someone knows something really huge is in the works and they intend to profit almost $2 Billion within the next four weeks from whatever happens! This is really worrisome." |
OMG conspiracy!
| quote: |
| CRIMES AND CORRUPTION OF THE NEW WORLD ORDER NEWS |
All caps means they're unbiased.
| quote: |
| Originally posted by jennypie No, I'm not saying poor people deserve their poverty. |
| quote: |
I'm saying that people of able mind and body who have opportunity have no excuse to be poor. |
| quote: |
| Originally posted by jupiterone Hah, sicka than your average poppa Twist cabbage off instinct niggaz dont think shit stink Pink gators, my detroit players Timbs for my hooligans in brooklyn Dead right, if they head right, biggie there air nike Poppa been smooth since days of underroos Never lose, never choose to, bruise crews who Do something to us, talk go through us Girls walk to us, wanna do us, screw us Who us? yeah, poppa and puff (ehehehe) Close like starsky and hutch, stick the clutch Dare I squeeze three at your cherry m-3 (take that, take that, take that, haha!) Bang every mc easily, busily Recently niggaz frontin aint sayin nuttin (nope) So I just speak my piece, (cmon) keep my piece Cubans with the jesus piece (thank you God), with my peeps Packin, askin who want it, you got it nigga flaunt it That brooklyn bullshit, we on it |
| quote: |
| Originally posted by Mr.Mystery Why? Not all have the opportunity. |
Opportunity is often a matter of opinion. Some see opportunity where others never could. These people are to be looked up to as individuals because they possess the self-awareness (or even dumb luck sometimes :P) to achieve their goals, whatever they might be. Some people are completely content with their lot in life, even if it's just merely eking by - and I wouldn't say there's necessarily anything wrong with that at all. After all, who is anyone to say what the goals and successes of another person's life should be?
Of course some are born into situations they did not choose and of course some people get responsibilities thrust upon them they most certainly did not deserve. I could say something to the effect of it's how they deal with things that matters the most but even that seems like a completely impotent and hackneyed statement. What matters is what the individual does choose to do with, not what they are given, but what they take. Of course the world isn't fair. Of course not everyone gets the same opportunities in life. I don't think Jenny is ignorant to that. If anything, she is denouncing, not the poor, but the truly weak of spirit and individual drive. If you ask me, this argument is not necessarily about wealth, in a monetary sense, but personal wealth in the form of self-efficacy.
Is the entire argument this simple though? I don't think so, either. Individualism and personal success are great things to achieve in life, but they are most certainly not the end-all, be-all. Did Rand have a good point in essentially just extrapolating the give a man a fish-teach a man to fish proverb? I really think so. But I also think that the reality of the world is that a positive attitude will only take you so far and that several millennia of art, music and literature depicting man's inability and helplessness within the scope of greater men and organizations, or even beings far greater than any individual could ever even hope to triumph over has its merit in the human experience. Rand is only one theory.
I think that the next inevitable step from individual-centric thought is that of social dependency. I don't necessarily want this to turn into some indictment of society as a whole, but I think that when people help one another out - and I mean truly help one another out, not just toss resources at one another - there is less and less of a gap in communication as well as a profound increase in efficiency of thought. It's nice to be an individual at war with one's ego, in fact, it's quite necessary for most people at times in their lives. But what we can call love or karma or whatever is a much more potent prospect - it has to do with individuals coming together for whatever reason, and I'd say that is one of the most universal experiences of humanity.
No man is an island can be both a beautiful and terrible thing.
ill be on that forbes list someday.
Powered by: vBulletin
Copyright © 2000-2021, Jelsoft Enterprises Ltd.