by ReverseEngineer » Sat 27 Dec 2008, 05:03:47
$this->bbcode_second_pass_quote('Sixstrings', '
')I imagine she's still a very wealthy woman.
You are letting your imagination run away with you SS.
I identify this characteristic now here in many of the posters. Its the "Rich will always be Rich, its the nature of the world" psychology. It essentially provides a sense of stability, particularly if you have some of your OWN savings and some Wealth you managed to put together through your life. You want to believe you can hold onto it.
It simply boggles the mind to imagine someone like Lilliane Bettencourt being left absolutely DESTITUTE, and she propably isn't. YET.
How close Rene-Thierry Magon de la Villehuchet was to being 100% destitute we will probably never know, but remeber this: In order to be constantly generating a return on investment, capital is always leveraged to some extent. So if someone is on paper worth $1B, chances are he has liabilities also one the order of $100M or more, depending how seriously he leverages the capital, how much risk he will take. So when you go Broke, you don't just owe the Credit Card company $1000, you go out owing $100 MILLION. He could NEVER pay it off.
Lilliane Bettencourt is in a similar situation. You don't know for sure how much this damaged her total wealth, but neither do you know exactly what her liabilities are or how the rest of her money is invested. What you DO know for sure is that ALL asset classes are losing value in this deflation, and so the more you are worth and the more you are leveraged, the more money you are left owing when your investments go Belly Up.
Because of Bankruptcy Laws and Incorporation, you can protect yourself to an extent by only keeping a small portion of your wealth under private ownership by yourself, and when you go Bankrupt you maybe keep one car and your Primary residence. Which might be OK for Lilliane Bettnecourt you would think, she keeps the Bentley and the Chateau. But remember, she now has no source of income to pay the repair bills ont he Bentley or the Chauffer, and she can't pay the Taxes on the Chateau. Unless she can unload Chateau to some OTHER filthy rich person for pennies on the dollar, she will lose it for Back Taxes in a year or two. How good do you think the Chateau Real Estate Market is right now?
Best Case Scenario, said Filthy Rich Pigman who might have been worth $1B yesterday escapes with a few million and buys himself a Doomstead somewhere, for you or me this might be considered a Dream Come True, eh? However, said Pigman has no clue at all how to farm, no clue at all how to live out in the Wilderness, and no money left either to protect the property he bought with his salvaged millions.
The Pigmen are left to the same thing you and I are, they have to depend on their Friends and Relatives who still might have some money left to help them out. With the problem being that Pigmen don't HAVE real friends, they only have friends they BOUGHT. The minute they lose their money, they fall out of the class and nobody CARES about them anymore. They are INVISIBLE. THAT is why they commit Suicide when they lose all their money. Its how they define themselves and how they are defined by their community, in which they no longer fit. They are BEGGARS of their "friends". Pathetic LOSERS to be despised, because every other Pigman doesn't want to see that, because it can happen to them too.
Don't let your imagination run away with you SS. Just watch the news with me, and you will see what I see already in just a short time. Its ALL fictitious. Its ALL burning up in the Greatest Bonfire of Paper Wealth in all of Recorded History. In no time at all really, it won't just be Raining Illuminati, it will be a DELUGE of them. Strip off your clothes and come out with me and play in the rain

$this->bbcode_second_pass_quote('The Weather Girls', '
')Humidity is rising - Barometer's getting low
According to all sources,
Wall Street's the place to go
Cause tonight for the first time
Just about half-past ten
For the first time in history
It's gonna start raining
Pigmen.
It's Raining
PigMen! Hallelujah! - It's Raining
PigMen! Amen!
I'm gonna go out to run and let myself get
Absolutely soaking wet!
It's Raining
PigMen! Hallelujah!