Who’s The Sucker?

Authored by Jim Quinn via The Burning Platform site,

The two charts under expose what is likely on in the boardrooms of corporate America and on Wall Street, where those in the know are carrying out what they do finest – screwing ordinary American families.

The Trump tax cuts are having total effect. Organizations will shell out $60 billion much less in taxes this 12 months. It appears they are taking all $60 billion in price savings, borrowing a different $80 billion from Wall Avenue, and purchasing back again their personal inventory at in the vicinity of all-time large charges.

If you imagined the narrative about organizations making use of their tax discounts to invest in new amenities and using the services of thousands of new workers was heading to happen, you haven’t been paying out focus to how issues perform in the serious entire world. Even though corporate GAAP revenue have been flat for the past couple several years, the stock buybacks, funded by lower desire debt offered by the Fed, boost the EPS of mega-firms thus pumping up the salaries and bonuses of best corporate executives.

These sociopaths really don’t give a crap about their shareholders, personnel, or shoppers. Search at the total of stock they acquired again in 2007, just prior to the best monetary collapse in present day heritage. These pitiful excuses for leaders appear to get the previous mantra of “buy very low and promote high” backwards. They used shareholder dollars to purchase at the top rated in 2007 though pumping up their own bonuses and then purchased pretty much absolutely nothing in 2009 after charges were down above 50%. What gutless miracles. Now they are repeating it all about all over again.

These really same company executives who are so generous with their shareholder’s money, are doing the precise reverse with their very own income. Insider offering of their business inventory is at report levels. The “smart money” is corporate insiders who know what is seriously going on within their organizations. As you can see, they realized what was taking place in 2000 and 2007 as they bailed out before the inventory market place tanked. Observe what they are performing now. I speculate what occurs future.

These corporate psychopaths in suits, along with the Wall Road cabal, and their propaganda mainstream media equipment have lured the normal Joe back again into the market, promising at any time rising returns. They’ve confident the masses it is protected to go back again into the drinking water although excellent white sharks lurk in the shallows. They expect you to just do what they say instead than see what they are undertaking. They are counting on tens of millions of suckers to fund their latest plan to defraud The usa. So it goes.

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