The Rich Prepare for the Apocalypse
"The decision by JPMorgan Chase to proceed with plans to spend $138 million on new jets and a hangar to house them, as ABC News reported Monday, fits right into my theory about why the corporate rich continue to indulge and reward themselves despite a public uproar amid financial crisis.
Same with the now-shelved plan at Constellation Energy Group to reward executives with about $32 million in performance benefits and retention incentives - I have a pretty good idea why such a feast had been arranged despite the company's near-bankruptcy, its layoff of some 800 employees and its demand for more money from electric customers.
And same with the whole AIG fiasco - those bonuses that went into the mail despite company catastrophe and the need for a $170 billion taxpayer-funded bailout - it, too, fits perfectly with this theory of mine, which I've kept to myself until now.
It's not just greed that drives this behavior, though greed is certainly part of it.
It's not that the smartest guys in the room are also the most obtuse or arrogant. ("When I hear the constant vilification of corporate America, I personally don't understand it," Jamie Dimon, the CEO of JPMorgan Chase, said in a recent speech. "I think it's hurting our country.")
There's something else going on. I call it: hoarding up for the apocalypse."
http://www.baltimoresun.com/news/local/bal-md.rodricks24.1ma...
You are probably right.
These crooks now with millions of dollars in bonus money and access to private jets can simply run away to tropical islands anywhere in the world and lead a life most of us only dream of, once they are exposed as crooks.
beesting
Obvious
They're just cashing in before the collapse. This was already explained well by Molyneux:
The Empire Strikes Out - The US Economic Crisis
http://www.youtube.com/watch?v=XBT052jHnmE
Yup
"There can be only one permanent revolution - a moral one: The regeneration of the inner man."
—Tolstoy
"The body is but a vessel for the soul,
A puppet which bends to the soul's tyranny.
And lo, the body is not eternal,
For it must feed on the flesh of others,
Lest it return to the dust whence it came.
Therefore the soul deceives and despises."
Forgive the tin foil hat....
but I read everything. Maybe there is some truth to the 2012 thing. Maybe there is some truth to the planet X. Hell who knows, maybe the buttholes in power really are reptillian. Even if all this is not true, all these big shots will turn around and buy every single thing that they can when everything falls apart, and for cheap too.
There will be no escape
for them.
All the money in the world will be of no consolation.
Let them eat cake.
Madame la Guillotine is dusting off her appointment book.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
lol!
NICE ONE!!!
FYI
I have thought the same thing for severals months.
"There can be only one permanent revolution - a moral one: The regeneration of the inner man."
—Tolstoy
"The body is but a vessel for the soul,
A puppet which bends to the soul's tyranny.
And lo, the body is not eternal,
For it must feed on the flesh of others,
Lest it return to the dust whence it came.
Therefore the soul deceives and despises."