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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBillionaire Sez “America’s lifestyle expectations are far too high and need to be adjusted"
Billionaire Jeff Greene, who amassed a multibillion dollar fortune betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.
Americas lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence, Greene said in an interview today at the World Economic Forum in Davos, Switzerland. We need to reinvent our whole system of life.
The 60-year-old founder of Coral Gables, Florida-based Florida Sunshine Investments said his biggest fund was up more than 20 percent last year with bets on Apple Inc. (AAPL), Google Inc. (GOOG), bank stocks and mortgage-backed securities.
Im remarkably long for my level of pessimism, he said. Our economy is in deep trouble. We need to be honest with ourselves. Weve had a realistic level of job destruction, and those jobs arent coming back.
Greene, who flew his wife, children and two nannies on a private jet plane to Davos for the week, said hes planning a conference in Palm Beach, Florida, at the Tideline Hotel called Closing the Gap. The event, which he said is scheduled for December, will feature speakers such as economist Nouriel Roubini.
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http://www.bloomberg.com/news/2015-01-21/billionaire-greene-goes-long-on-u-s-while-bemoaning-jobs-crisis.html
Jefferson23
(30,099 posts)brewens
(13,645 posts)100 miles of where I lived all my life is asking too much? Okay, I live in Idaho where the fishing is really freakin' good and a lot of people pay big bucks to get to it, but I don't have to. I'm not even an expensive beer guy either. I appreciate a fine craft brew as well as anyone, but I'll go fishin' with my "good buddy Weiser" most days!
Didn't some japanese trade minister give the same crap to Bush Sr. one time? Telling him our people ask too much? What was he afraid of? Japanese dudes wising up and stopping working themselves to death to live in a little box?
Lex
(34,108 posts)Historically he knows what happens when a large gap exists between the 1% super rich and the 99% poor.
hopemountain
(3,919 posts)with respect for the continuing increase in the number of homeless & hungry families and persons unable to keep a roof over their heads or eat regularly with minimum wages. a recipe for revolution.
chrisa
(4,524 posts)roamer65
(36,748 posts)Time for some good 'ole socialism.
SammyWinstonJack
(44,130 posts)Gawd....I really hate these wealth hoarders!
ND-Dem
(4,571 posts)that they're the ones who took down the economy in the first place.
I wish for his wife to cheat on him and his private jet to crash. No one should die, of course -- just enough suffering to give him a long overdue attitude adjustment.
LiberalElite
(14,691 posts)KingCharlemagne
(7,908 posts)needs to be adjusted.
liberal_at_heart
(12,081 posts)wages and standard of living of Americans and the trade deals are definitely accomplishing that.
HeiressofBickworth
(2,682 posts)Ya mean like food, shelter, clothing, transportation, a living-wage job, health care, future retirement? Just what part of this "luxury" would he suggest we cut down?
The wealthy have blinders on -- they only see their own little world and therefore can have no understanding or compassion for anyone who has less than they do. Fuck them all.
aint_no_life_nowhere
(21,925 posts)securities? Why aren't they asking for the opinion of some parasitic life form who spends his day at the race track betting on horses? Jeff Greene is a parasite, a cancer, a tapeworm up America's butthole. Go make a new discovery in engineering Mr. Greene to advance society, or go make a new medical discovery to cure illness.
Coventina
(27,223 posts)When I see him living simply I'll consider not thinking he's the world's biggest asshat.
hifiguy
(33,688 posts)I'd suggest using a well-sharpened guillotine for so doing.
Hekate
(90,978 posts)I like the old traditions.