Viral Video Predicts Wall St. To Collapse The Economy AGAIN! w/ Carol Roth

when experts come on and say there’s nothing to worry about, there usually is😂

Your guest today carol, is a spokesperson for private equity firms. Splendidly done!

So, in a nutshell, private equity is Just another way for rich people to get richer.

This Woman is doing major damage control for one of the most predatory industries to have ever existed. 🤦🤦😒😒😑😑

i am just here, jaw agape that jimmy just let that garbage get pushed on his air. holy shit.

She doesn’t know about Red Lobster, she doesn’t know about Kmart, what does this “EXPERT” even know? The business model of Private Equity should be illegal. A lot of the time, by the time bankruptcy occurs, the Private Equity firm has liquidated all of the value and paid themselves. They don’t care if the business succeeds, they got paid already. Why do the banks allow it? Because they got paid already too! Ridiculous!

I worked for a company called Interstate Brands better known as Hostess bakeries in the 90's.. the company was a great place to work for ..it was unionized, had pensions and was debt free..i left the company in the early 2000's. A few years later is when the trouble began. They were purchased by a private equity firm at a 50% stake in the company. The first thing they did..was rob the pensions . The next thing they did was force the worker's into taking pay cuts. Then they threatened to close bakeries promising the worker's that if they conceded..it would save their jobs..in 2009 because the company was saddled with debt..it filed for bankruptcy..this is how private equity works..

The first red flag for me was when she said that “CLOs and CDOs aren’t a new thing” — well, they ARE new in the context of capitalism in the past few centuries — and the savings and loan crisis of 1987 was a direct result or maybe the cause of the growing problem of financialization of everything, which is the product of greed and the myth of infinite growth. Private equity DOES NOT CARE if your business succeeds or not; they make money either way. It is a gamble. All businesses could go broke and it doesn’t matter to them because it’s not about the product OR the workers — IT’S ALL ABOUT THE MONEY. And I will add that usury has always been the problem as it creates a Ponzi scheme, and eventually all wealth is sucked up to the top of the pyramid while everyone below gets screwed. Add to that these loans they use to run this scheme are created by banks out of thin air — money printing! — and private equity uses this free money to generate fees and profits. Charging rent on the property these businesses use puts a major burden on the business NOT the equity firms. As I said, private equity gets paid no matter what happens. This is greed and materialism in action. They don’t care if thousands of people lose their jobs. It’s all about MONEY. It’s a disease! What kind of society allows this?!

Now let’s say, we put in $30M and Borrow $70M and buy the company, then have the company borrow $30M and pay those proceeds to the investors. Then have the company pay down both loans and you’ve taken on no risk. That is closer to what really happens with some of these vulture funds

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