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Anyways in much lighter news, the eu just got its very own enron! wirecard just frauded the fraudingest fraud Loooollll https://twitter.com/DonutShorts/status/1273690362608078848?s=19
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Jun 18, 2020 23:15
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From that tweet thread:quote:13/ Hmmm... Remember when I said the only reason Deutsche Bank isn't already bankrupt are its large cash reserves? I'm just going to leave this here: https://www.db.com/newsroom_news/2018/deutsche-bank-announces-external-auditor-rotation-en-11713.htm posted:
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Jun 19, 2020 00:58
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I hate auditors so much, gently caress them all.
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Jun 19, 2020 09:24
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Angry Lobster posted:I hate auditors so much, gently caress them all. Yeah, banks should be allowed to be frauds in peace!
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Jun 19, 2020 09:37
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Angry Lobster posted:I hate auditors so much, gently caress them all. Congrats on working at a German financial institution tho
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Jun 19, 2020 09:40
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Libluini posted:Yeah, banks should be allowed to be frauds in peace! It's not like banksters need external accomplices with fancy names to be absolute cunts, that's for sure.
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Jun 19, 2020 09:41
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So what does this mean? Did all of germany lose their money now?
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Jun 19, 2020 13:10
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Libluini posted:Yeah, banks should be allowed to be frauds in peace! You know, maybe you would benefit from the most recent posts in the doomsday economics thread. Start here https://forums.somethingawful.com/showthread.php?threadid=3826121&pagenumber=3044&perpage=40#post505815661 Maybe that will enlighten you about what everyone else is thinking ITT.
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Jun 19, 2020 13:24
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Greader posted:So what does this mean? Did all of germany lose their money now?
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Jun 19, 2020 15:43
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A Buttery Pastry posted:Germany has rendered itself unconstitutional, and all the Länder are legally sovereign once more. I knew this would happen eventually, I've been accumulating Imperial Authority all that time
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Jun 19, 2020 15:58
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Macht Deutschland wieder…groß?
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Jun 19, 2020 16:21
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Just in time for Belgium to invoke the spirit of Leopold 2 and grab ourselves some land from the weaker states while nobody is looking.
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Jun 19, 2020 16:44
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All these years a troll will finally pay off when I claim this bridge over the Isar
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Jun 19, 2020 16:45
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nimby posted:Just in time for Belgium to invoke the spirit of Leopold 2 and grab ourselves some land from the weaker states while nobody is looking. Not sure about the logistics of this but there are some states in the east that are falling out of favor.
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Jun 19, 2020 17:24
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nimby posted:Just in time for Belgium to invoke the spirit of Leopard 2 FTFY  E: the whole wirecard thing completely went  for me. Who's gonna get hosed by it short term? Long term of course the tax payer will hold the bag.
Combat Theory fucked around with this message at 19:26 on Jun 19, 2020 |
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Jun 19, 2020 19:21
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They'll find a way to make the taxpayer (especially lower income brackets) hold the bag in the short term as well. They've gotten very proficient at it.
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Jun 19, 2020 20:06
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Realizing synergies by streamlining the taxpayer to wealthy fucks' pockets pipeline.
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Jun 19, 2020 21:34
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Phlegmish posted:I knew this would happen eventually, I've been accumulating Imperial Authority all that time Let's give the Middle Frankish Empire another shot
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Jun 19, 2020 22:03
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Did Wirecard actually lose any money? From what I've heard they haven't lost anyone's money, just created fake revenue. The shares might be worthless because it's a fraud dumpsterfire, but they didn't actually lose any of the money they were administering, right?
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Jun 19, 2020 22:06
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Lord Stimperor posted:Did Wirecard actually lose any money? From what I've heard they haven't lost anyone's money, just created fake revenue. The shares might be worthless because it's a fraud dumpsterfire, but they didn't actually lose any of the money they were administering, right? Well, they were unable to demonstrate that they actually still had 1.9 billion in cash, so that money might actually be "lost" for practical purposes.
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Jun 19, 2020 22:14
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Randler posted:Well, they were unable to demonstrate that they actually still had 1.9 billion in cash, so that money might actually be "lost" for practical purposes.
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Jun 20, 2020 05:48
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A Buttery Pastry posted:Given how finance works, there's really not much difference between "fake" value and real value. As far as I can tell, this is functionally like they had 2 billion in stock in some extremely hyped company that then lost 95% of its value when people realized it was overhyped. Only difference being that the law sees one way of creating "fake" value as illegal while the other is just being more successful at brand management. Modern Finance debunks the labour theory of value every second of every day. Also proves discourse theory.
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Jun 20, 2020 06:03
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Just to add to the other portuguese posters, I am portuguese and portugal is hyper-racist, just not in same way as Anglo-American racism or French, I am dark but because of the correct last names and family I never had many troubles, but if I didn't have those and my last name was a random portuguese one, it would be different. Basically, its a really classist society.
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Jun 20, 2020 06:33
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Wait, finance works? I always just assumed that it doesn't, but everyone is too stupid to realize it.
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Jun 20, 2020 07:40
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A Buttery Pastry posted:Given how finance works, there's really not much difference between "fake" value and real value. As far as I can tell, this is functionally like they had 2 billion in stock in some extremely hyped company that then lost 95% of its value when people realized it was overhyped. Only difference being that the law sees one way of creating "fake" value as illegal while the other is just being more successful at brand management. From a balance sheet perspective it's functionally the same, yes. But not being able to substantiate your cash and cash-likes is way more damning of your business practises and, in a real life context, is much more likely to push you towards bankruptcy.
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Jun 20, 2020 07:42
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Randler posted:From a balance sheet perspective it's functionally the same, yes. But not being able to substantiate your cash and cash-likes is way more damning of your business practises and, in a real life context, is much more likely to push you towards bankruptcy.
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Jun 20, 2020 09:08
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Antifa Poltergeist posted:Yeah this is a tricky one. I've been coming to terms with just how bougie we actually are and it's kinda funny our idea of bougie is very nouveau rich, and sad too. But still we preach civility above all else, can't have people speak too loud or too uncivil, even if we have a fascist like Judice on national tv for decades, but he doesn't raise his voice so it's ok. Honest Thief fucked around with this message at 12:28 on Jun 20, 2020 |
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Jun 20, 2020 12:24
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Speaking about being european white in a southern european can be definetely a finicky business. I fondly remember what a British gent told me about this a long time ago: "You are not White and you'll never be, your skin color doesn't matter".
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Jun 20, 2020 15:05
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It's called received pronunciation for a reason
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Jun 20, 2020 15:10
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Angry Lobster posted:Speaking about being european white in a southern european can be definetely a finicky business. I fondly remember what a British gent told me about this a long time ago: "You are not White and you'll never be, your skin color doesn't matter". Benjamin Franklin posted:... why should the Palatine Boors be suffered to swarm into our Settlements, and by herding together establish their Language and Manners to the Exclusion of ours? Why should Pennsylvania, founded by the English, become a Colony of Aliens, who will shortly be so numerous as to Germanize us instead of our Anglifying them, and will never adopt our Language or Customs, any more than they can acquire our Complexion.
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Jun 21, 2020 07:25
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I loved watching the central european nazis dunking on Mario Machado like "white power used to be a clean thing now we have these fuckers saying they're neo nazis" It's the best
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Jun 21, 2020 07:35
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Just a funny gem about the wirecard issue: Spiegel reports that the guy responsible for disappearing 1.9 billion touts himself as an expert on cryptocurrency and immigration law. That's worth a Chef's Kiss from me! https://www.spiegel.de/wirtschaft/unternehmen/wirecard-bilanzskandal-der-verschwundene-treuhaender-a-132dd2f2-8229-4a78-895d-eb67bb481734
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Jun 21, 2020 22:13
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the money got encrypted too goodly
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Jun 21, 2020 22:35
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The guy is suposedly a expert in family law, imigration law and cryptocurrency. come the gently caress on. "Hi im a electrical engineer, a mechanical engineer and a expert in mgtow card sales.please let me run a 9 billion dollar fund.this is completelly normal." Antifa Poltergeist fucked around with this message at 22:51 on Jun 21, 2020 |
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Jun 21, 2020 22:48
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Why yes, my LinkedIn does say I am a self-proclaimed cryptocurrency trader. I am not at all unemployed I also know all the countries where you can buy citizenship that won't extradite Anyhow let's discuss the billions you need managed
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Jun 21, 2020 22:58
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"Fraud is such an ugly word, I prefer to call this creative accounting"
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Jun 22, 2020 10:24
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Dawncloack fucked around with this message at 14:57 on Jun 24, 2020 |
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Jun 24, 2020 14:53
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I think the best bet is wait and see what happens. Because an offsite is only going to work if it's a forum wide thing rather than just one or two subs with their own. I'm taking the policy of joining a few Discords for subs/threads I read a lot in case the forum does vanish quickish (but I don't really think they will because if they did Lowtax would have to get a loving job) but for the sake of sustainability I think it's best to see if either Lowtax will give up the forum (again, doubt it, he'd lose his main source of income) or some sort of broader site wide migration can happen. Like, there's already a couple of CSPAM offsites.
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Jun 24, 2020 14:58
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Sorry I erased my piece. Thought it was stupid.
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Jun 24, 2020 14:59
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Junior G-Man needs to talk to their EU connections and set up an EU-based SA alternative. Either through legitimate cultural funding, or by siphoning a little cash from major EU-budget items. A proper modern forum would cost what, a thousand potatoes a month to run? Ten thousand? It's a drop in the ocean for the EU budget.
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Jun 24, 2020 18:52
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