georgephillip
Diamond Member
- Thread starter
- #121
If employees were a corporation's greatest asset, does that mean layoffs are wholesale destruction of assets as opposed to an elimination of expenses?
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Any business that isn't in business to make money, isn't in business long.
If you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.Are those who make money from money sponging off productive members of society?f you don't want to be an employee ... then become an employer. Sponging off the productive members of society isn't (or at least shouldn't) be an option.
The Fed Has Made Jamie Dimon $250 Million Richer Through Its Repo Loans
"As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan market on September 17 of this year, and every business day since then..."
"But as it now turns out, few individuals have personally benefitted as much as Jamie Dimon as a result of the Fed’s actions.
"Jamie Dimon is one of the largest individual shareholders in the stock of JPMorgan Chase. Those shares are the sole reason Dimon is a billionaire.
"On October 10, 2019, the shares of JPMorgan Chase closed at $114.21.
"On October 11, the New York Fed announced a dramatic escalation in its plans to flood money to Wall Street’s trading houses."
You were free to buy JPM before the Fed increased their repo lending.Wouldn't that make me a parasite?You were free to buy JPM before the Fed increased their repo lending.
The Divine Right of Capital by Marjorie Kelly: A Summary
"The Principle of Property:
Like a feudal estate, a corporation is considered a piece of property — not a human community — so it can be owned and sold by the propertied class."
How is it the humans that create a corporation's wealth are commodities and human investors are its owners?
Wouldn't that make me a parasite?
Saving and investing some of your own money might make you less of a parasite.
Like a feudal estate, a corporation is considered a piece of property
Yes, people actually own corporations. And property.
Even if that fact makes you feel like a loser.
Shareholders are owners while employees are commodities, right?Like a feudal estate, a corporation is considered a piece of property
Yes, people actually own corporations. And property.
Even if that fact makes you feel like a loser.
Which category contributes more to the corporation's productivity?
https://wallstreetonparade.com/2015...sts-your-retirement-plan-and-the-u-s-economy/