Paul Singer, Hedge Funds And Cabela’s
BY Herschel Smith
5 years ago
The merger between Cabela’s and Bass Pro Shop always seemed odd to me. I knew that both stores were doing extremely well. It all makes sense now.
Capitalism is an ungodly form of economics. Socialism is an ungodly form of economics. What we have today in America is the worst of both. The Biblical form of economics is the free market, free from control, and free from evil things like this.
Paul Singer does the devil’s bidding.
On December 9, 2019 at 11:15 pm, George said:
It is amusing to listen to the Buckley conservative types worship our brand of Capitalism. They believe in the “Free Market”. The problem of course is that the “Free Market” in the U.S. is rigged from top to bottom. There is nothing free about the free market today. The banksters and Globo Homo overlords run everything.
So we get things like the example above, or auto companies that sell pickups for $75,000.00, and have them built in Mexico with $5.00 per hour labor.
On December 10, 2019 at 9:49 am, Fred said:
If I had a company I would never take it public, the purpose of which is to raise capital to accelerate growth. Organic merit based growth is a truer free market and allows a company to cater to it’s uses/buyers of services/goods instead of force the passage of fascistic laws to build false moats by federal laws.
Most Americans have zero business discussing markets and especially proffering alternatives. If you don’t know what these things are, then you are discussing economics from a position of ignorance:
What is capital and from does it come? (not capitalism; Capital itself.)
What is debt?
What is a market in trade?
What is a capital market?
What is a free market?
Can any one of these four exist and function with or without or within or independent of any other of them, and if so, how?
On December 10, 2019 at 10:13 am, Fred said:
“But the fact is we don’t have anything resembling free market capitalism. Instead we have a corporate fascist oligarchy, where a relatively small number of mega-corporations control all the major markets, exerting their near monopolistic control by bribing politicians and regulators to maintain their control, power and riches. […] This unholy alliance between corporations and government is the definition of corporate fascism.”
That’s quoted from the BP. That article does make one mistake; corporations don’t pay taxes, they collect them.
Another thing not mentioned at the article, and almost nowhere is, debt masquerading as capital. Debt is debt, NOT capital.
On December 10, 2019 at 12:19 pm, dad29 said:
The most intractable problem with “hands-off” Government is the reality that there are evil people who–like Singer–can destroy a lot of lives before they become dead.
On December 10, 2019 at 12:22 pm, Herschel Smith said:
@dad29,
I think the real problem isn’t that the .gov is “hands-off,” but rather that Singer and his ilk have all tilted the laws and regulations in their favor. This is profoundly a hands-on system, with .gov benefiting as well. It’s more meddlesome than you can possibly imagine.
On December 10, 2019 at 2:33 pm, Sanders said:
I read the article about this Singer character last week. I will admit to not watching the video posted.
But lets not let Mitt Romney off the hook for doing similar shenanigans with Bain Capital.
Our system of government was only intended for a moral, just population. The Founders repeated that more than once. What we have going on right now is neither moral, nor just.
On December 10, 2019 at 2:36 pm, Herschel Smith said:
Mitt Romney = Paul Singer.