SEIU Taking A Spin Off From Eddie's Playbook: Taking Down JPM Chase!
This video is just breaking. It is of a top SEIU official having a meeting about how to take down JP Morgan Chase. This immediately madem e think of Eddie's idea he published sometime back.
Is this over blown? Or should this be taken seriously? We all know that SEIU's cliental aren't exactly free thinkers - if the head of the organization told them to do this, many would flock; lets not mention how many are already under in their mortgages.
Are these people that dense? Do they really think that they would be so much better off if we got the banks to fail again?
Some classic ideas in here (paraphrasing)-
"We would all be better if we did this, the rich people wouldnt but we would, because we wouldnt have to pay back our debt"
- self explanotry
"How do we make it so the rich people no longer have any money - take down the stock market, take down the banks" - Yes, that will solve so many of our worlds problems. Lets take the money away from the job providers (rich people) and growers (rich people and banks) so that no one has any!
"We can just rent our homes we arent paying for until they foreclose, that way we come out with a profit" - deedeedee who are the ones renting? Poor people, where the fuck do they go when you kick them out. Or how about where are your poor people going to go live while they are renting out?
Tons more, but gotta go back to work.
Video:
I'll be exploring this fully in my post tomorrow. Thanks for stealing my thunder, bro. (just kidding!)
Why not appease the unions and just turn over the Auto manufactures to them? That way they have some "say" yet they are entirely responsible for their own failures and then when GM and Crysler go under it will be their own damn fault, and the unions will die.
One other thing, the guy seems to be under the delousion that "banks" hold all of the debt.
....and THIS is why I advocate doing the right thing: the meltdown gave so much power to these types of psychos. They will never shut up, but when shit hits the fan like this, they get a lot more support from the average person who has no clue how the real world works.
Man this gets me heated
Go take a flight in your UFO and calm down bro, most people realize this dude in that vid is insane.
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Understanding the full ramifications doesnt matter, having a basic understanding that doing what this guy is suggesting is personal economic suicide is sufficent. If anyone is thick enough to think that the average joe can rent out his 2k sqft house for 5k a month and then profit 60k from a forclosure needs to be in a mental instution. Besides the guy has no idea how public financing works. He is under the impression that when a government bond release is done that it is the banks whom end up holding and setting the interest rates. Now granted the average person doesnt know how it works either but the banks will just laugh in your face if a city suggests that a bank must rewrite everyone morgtage in order to do business in that town. Think about it the governments need the funding more than the banks need the deal flow.
Maybe we should've reinstated Glass-Steagall so this shit wouldn't even matter in the first place.
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