Bloomberg warns US jobless riots

Quote from wartrace:

Fine- Apple has a few openings in California.The fact remains the majority of their workforce is in China. Oh, read up one one of their main manufacturing sub-contractors "Foxx-con" - they had to put up suicide nets at the company facility as an employee benefit.....LOL.

How many employees are working for Foxx con ? What is the suicide rate ? It's too late to sppend much time googling the issue but i'm pretty sure I read in The Economist a couple of weeks ago the suicide rate was actually on par or below the China's suicide rate.

Besides I'd much favour suicidal jobless folks than rioters.
 
Quote from luisHK:

Wartrace, why would anyone having let himself drowned in debt, most often through poor choices, would deserve any mercy (although concern, yes, especially if he starts rioting) ? Same goes for the people who "lack business sense to utilize their own talents to make their own money. They expect to be part of a slavery like system instead. That's what separates the top 5% earners from the 95% majority. "

With only a moderately right mindframe, making a decent living shouldn't be much of an issue.

Noticed Ron Paul was brought up in this discussion - I would love to see his alter ego on the continental european scene - but unfortunately an alien or the antechrist has about the same odd of success over there :eek:

Who said anything about mercy? I was explaining that the evidence suggests that the average American is drowning in debt. Just look at the growth in mortgage debt in the past ten years (from 2tr to 9tr). At the same time the median income has declined.

It is difficult to start a business as it is but when you have huge debt service to meet it is even more so.

I have acknowledged that these debt levels are nothing more than additional chains of slavery for the working class.
 
Quote from luisHK:

How many employees are working for Foxx con ? What is the suicide rate ? It's too late to sppend much time googling the issue but i'm pretty sure I read in The Economist a couple of weeks ago the suicide rate was actually on par or below the China's suicide rate.

Besides I'd much favour suicidal jobless folks than rioters.

The suicides at the Foxxcon facility were just mentioned as an amusing anecdote. The real issue is that ALL of Apples manufacturing is done in China so to point to their success is meaningless in a discussion about the job situation in the United States.

Oh, another thing I hate about Apple is the limited lifespan built into their products. Denninger mentioned the batteries can't be replaced so once they die Apple wants you to buy another I(m)-screwed device...LOL
 
Quote from oldtime:

I have a big problem with this whole liberal democrat elitist idea that people need jobs.

They just can't conceive of a country where most people are in business for themselves.

Most laid off factory workers have personal skills which far surpass those they were required to use at the factory.

It's that whole Das Kapital crap all over again. They only understand a world that has been built by capitalism. They don't understand how to build a world.

They don't even know where their payckecks come from, and they spend all day complaing that the people who pay them aren't doing it right.

They are elitists. They went to college and think anybody who didn't must be stupid and need their help.

Now what are they going to do when college grads can't get jobs? Blame it on the educational system?

For someone who loves the government, they sure do blame it a lot for not doing enough.

You have a big problem with "..this whole liberal democrat elitist idea that people need jobs" , and I have a big problem with that label "liberal" which is just as meaningless as the label "conservative" unless you add qualifiers. What is the point in using those labels, as by themselves they no longer have any specific meaning.
 
Quote from oldtime:

you have a very narrow view of starting a business.

I knew four guys out of work, they pooled their money and printed up flyers claiming they were painters and went door to door handing them out until finally they got someone willing to pay them to paint the house.

Then they went around to their friends and borrowed ladders and paint brushes.

They did this all summer. In the fall, 2 of them got jobs and the other two retired years later as professional painters.

i think you have a narrow view. a lot of homes can be painted for 100 - 200 a room easy so explain to me how 4 guys are able to live on that? its easy to invent ideas. where is there business insurance? did the open up a legal business even? are you a supporter of not paying taxes?
 
Quote from oldtime:

If I break things you will put me in jail

If I'm in jail I won't need a job

Problem solved

As a matter of fact, we could just skip the breaking things part and make it illegal to be unemployed.

With all the unemployed off the streets, the liberals could focus all their attention on improving prison conditions.

It would give new meaning to "work release"

The problem is, if the economy ever picks up again, employers would have to deal with the correction officers union to get workers released.

But maybe by then they will invent a new drug everybody likes and they can just make that illegal. That way they can replace rehabilited unemployed criminals with new drug offenders.

Man, I should have taken a political science course, this central planning gets complicated.

do you dislike gay people too and are pro life?
 
Quote from piezoe:

You have a big problem with "..this whole liberal democrat elitist idea that people need jobs" , and I have a big problem with that label "liberal" which is just as meaningless as the label "conservative" unless you add qualifiers. What is the point in using those labels, as by themselves they no longer have any specific meaning.
mostly just to make shallow minded people mad.
 
Quote from brokerboy:

i think you have a narrow view. a lot of homes can be painted for 100 - 200 a room easy so explain to me how 4 guys are able to live on that? its easy to invent ideas. where is there business insurance? did the open up a legal business even? are you a supporter of not paying taxes?
Yes, I am an ardent supporter of not paying taxes. That's why I like munis.
 
Quote from brokerboy:

do you dislike gay people too and are pro life?
no, I'm anti life

I like gay people, I mean not LIKE LIKE, I just mean like, you know what I mean.

HEY, I"M NOT GAY! OK? I mean that was just a one time thing, and I was young and didn't know about adams apples. I thought it was the thing Eve gave to Adam, and in my church, she was the hottest thing going.
 
Quote from oldtime:

Do you have any solution or course of action which does not involve taxing or spending?

yeah. the solution is not NOT taxing and keep spending, like the republicans. at least the "liberals" seem to try to balance the checkbook. the republicans just fatten their own wallets while demonizing the lesser of two evils.
 
Back
Top