Black Rock CEO says it's your fault you're poor you filthy peasant. - Let them eat bugs says the Jew

(Bloomberg) -- BlackRock Inc. President Rob Kapito warned that inflation is having dramatic effects on the economy, with an entire generation now learning what it means to suffer from shortages.

“For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito said at conference held in Austin by the Texas Independent Producers and Royalty Owners Association. “And we have a very entitled generation that has never had to sacrifice.”

The economy is reckoning with what he dubbed “scarcity inflation,” or the fallout from a shortage of workers, agricultural supplies and housing, and of oil in some regions.

“I would put on your seat belts because this is something that we haven’t seen,” Kapito said.

Kapito co-founded New York-based BlackRock, which is now the world’s largest asset manager with about $10 trillion in client assets and investments across the global economy.

https://finance.yahoo.com/news/blackrock-kapito-says-scarcity-inflation-230000585.html

 

[Shidoen]

because you touch yourself at night

Only you'd know.

 

[God of Nothing]

Raiden said it better.

wasn't trying to channel him, but i now realize how similar our rants are

 

[stupid orc]

uncle moment

 

[Kheapathic]

I grew up in a town where we had to cross state lines to go grocery shopping; my town finally got its first three traffic lights a few years ago, still doesn't have a grocery store.

I may not have lived through actual shortages, but I've well experienced in having to put in extra effort or going without.

As for the suit saying people need to eat shit; take away all your paid help and let's see how proud you are.

 

[Johan Schmidt]

"Rich out of touch dickhead says things that those sorts of people say."

Yes, he did. Did anyone expect him to say otherwise?

 

[God of Nothing]

"Rich out of touch dickhead says things that those sorts of people say."

Yes, he did. Did anyone expect him to say otherwise?

Normally, these people don't say anything at all lest you look into the globohomo.

 

[round robin]

If you do not own a house, buy one now before this shithead buys up everything and makes you a rent slave for the rest of time.

 

[God of Nothing]

If you do not own a house, buy one now before this shithead buys up everything and makes you a rent slave for the rest of time.

By the time I have enough money for one, they'll probably own everything.
i wonder how much will be populated by the homeless though: unoccupied houses are prime bum real estate

 

[TurdFondler]

WEF is for real and it isn't fucking around. 2030 is going to have permanent everything shortages and anything not short stocked is going to be crazy expensive. Canada's talking about phasing out IC motors by 2030 without investing in the electrical grid, and we've got our own Blackrocks.

Energy, housing & food will be astronomically expensive in a few years. It makes sense too, the next logical step in rent seeking is forced scarcity. The only thing you'll find plenty of is cheap immigrant labor.

 

[Knight of the Rope]

“For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito said at conference held in Austin by the Texas Independent Producers and Royalty Owners Association. “And we have a very entitled generation that has never had to sacrifice.”

Nobody hates zoomers more than me, but goddamn man. They're already never going to own their own homes, 'retirement' and 'pension' are going to be mythological concepts as far as they're concerned, and most of them are going to be family-less and sharing life partners because you convinced them all that monogamy and the nuclear family are too racist.

The absolute least you can do is let them consoom to dull the pain.

 

[Ita Mori]

The absolute least you can do is let them consoom to dull the pain.

Nope. Bleed them dry, make them eat shit and learn to ask for more.

Only then will they either wake up, or eat that second helping of shit and sigh.

Lol, this snail nigger is obssessed. Congrats, after three dozen neg votes I finally noticed you. Die slow.

 

[libRT]

or the fallout from a shortage of workers

Price determination, if the supply decreases but the demand remains, the price goes up. Which includes labour.

I hope Putin pinning the ruble to gold bankrupts these inbred shitbeaks (a man can dream)

 

[TurdFondler]

Nobody hates zoomers more than me, but goddamn man. They're already never going to own their own homes, 'retirement' and 'pension' are going to be mythological concepts as far as they're concerned, and most of them are going to be family-less and sharing life partners because you convinced them all that monogamy and the nuclear family are too racist.

The absolute least you can do is let them consoom to dull the pain.

It's also hard to raise a family when you have perpetual roommates and are living paycheck to paycheck without kids.

Revera Retirment homes will make sure no one outside the ultra rich has any inheritance in about a generation. Even if your parents saved up a nest egg it's all going to Revera, unless you're able to care for them yourself.

Now add in the complete lack of jalopies and absolutely dogshit wages and zoomers are going to own nothing.

The absolute madness of moving to EVs right now. Cash for Clunkers was bad, but this will basically add a 0 to the price of any used car and once our dicks are in a vice we are not going to see EV prices come down.

 

[BelUwUga]

da minorities are holding da huwhite man down and shiet!

Das rite! Should have listened to my "tin foil rants" and prepared. You laugh when I'm broke in FIAT, yet I'm the richest I've ever been with the thinking man's currency of choice. 5.56mm and 40S&W are the kind of denominations God commands us to use. Edit:

Nobody hates zoomers more than me, but goddamn man. They're already never going to own their own homes, 'retirement' and 'pension' are going to be mythological concepts as far as they're concerned, and most of them are going to be family-less and sharing life partners because you convinced them all that monogamy and the nuclear family are too racist.

The absolute least you can do is let them consoom to dull the pain.

I'm going to live my own life the way I had wished Gen X would have. There isn't an easy road to solve the boomer and demoralization question. I'm not going to be a ZOGbot and tell newfags to just consume. It's not too late for them yet.

 

[Psychotron]

C'mon poor people, all you need to do is get a low latency trade connection to NYSE and leverage that monopoly on it to ensure you can trade more effectively then anyone else.

 

[God of Nothing]

Price determination, if the supply decreases but the demand remains, the price goes up. Which includes labour.

I hope Putin pinning the ruble to gold bankrupts these inbred shitbeaks (a man can dream)

Years of paying the most necessary workers of businesses shit is catching up to them now. $18 an hour? Still not enough for horrid Mcjob hell.

 

[Noble Redditor]

"Rich out of touch dickhead says things that those sorts of people say."

Yes, he did. Did anyone expect him to say otherwise?

"As the CEO of Black Rock I'd like to give a very important update. Due to recent inflation and high gas prices I have decided to liquidate the company and permanently shut down. All our money will be given to the brave, mentally ill transsexual atheists on reddit who work hard everyday to report hate speech. Their sacrifice shall no longer go unrewarded."

 

[Grub]

The absolute madness of moving to EVs right now. Cash for Clunkers was bad, but this will basically add a 0 to the price of any used car and once our dicks are in a vice we are not going to see EV prices come down.

Used car prices are already getting retarded. Seen an ad just yesterday, 1995 Volvo, engine doesn't work, brakes are fucked, driver's side lock doesn't work $1500, firm, no best offer. That was cut down from the original $2000 asking price. Hell, I could probably sell my bush truck, an '88 f150 I paid $500 for 5 years ago for at least 2 grand as is. I seen a '91 f150, almost the same truck, part of the same generation, going for $2500.

 

[CircuSphere]

It's also hard to raise a family when you have perpetual roommates and are living paycheck to paycheck without kids.

Revera Retirment homes will make sure no one outside the ultra rich has any inheritance in about a generation. Even if your parents saved up a nest egg it's all going to Revera, unless you're able to care for them yourself.

Now add in the complete lack of jalopies and absolutely dogshit wages and zoomers are going to own nothing.

The absolute madness of moving to EVs right now. Cash for Clunkers was bad, but this will basically add a 0 to the price of any used car and once our dicks are in a vice we are not going to see EV prices come down.

Used car prices are already getting retarded. Seen an ad just yesterday, 1995 Volvo, engine doesn't work, brakes are fucked, driver's side lock doesn't work $1500, firm, no best offer. That was cut down from the original $2000 asking price. Hell, I could probably sell my bush truck, an '88 f150 I paid $500 for 5 years ago for at least 2 grand as is. I seen a '91 f150, almost the same truck, part of the same generation, going for $2500.

Next comes the parts shortages, combined with the EPA/states destroying the 3rd party/Non-OEM aftermarket. It's already happening in Euroland and CA. They are going to make it as tough as possible to keep anything fun and old on the road. Only iPhones on wheels they can track everywhere and disable with remote cut offs.

Sleepy Joe spent the last 20 years pretending to be a car guy and giving interviews about how upset he was that the VP is never allowed to drive anywhere. Apparently that all went out the window now that he's got one foot in the grave and the other in a Chinese lithium mine.

 

[seri0us]

a&h be commies to own da jews

how is it communist to not like an entity thats held up by the state