The arrogance of the rich is astonishing still it never fails to irk me when a rich man bad mouths the poor and says that basically it’s their fault for being stupid and lazy. I’m sure he’s very skilled at making money investing in the stock market, but the fact is most working class people will never have enough money to afford to try what he’s talking about in the first place. There’s a barrier to entry. And the risk when the only savings you have is the same paltry amount you have sitting in front of you to invest (and that half of that money would be better spent on paying next month’s rent, or fixing the broken windshield of your car) is just too great a risk to take on when you have responsibilities to anyone else … even just the responsibility of paying your landlord, never mind those responsibilities you might also have to loved ones. You don’t get to see it here in the video, but this guy Lynch here is talking to a bunch of rich people. That’s the main conclusion or piece of advice about how to make money in the stock market; be wealthy enough already to be able to afford to buy anything more than one or two shares in half the companies he talks about as if anyone can just “do their analysis and research” and then go buy a thousand or two thousand shares of Dunkin Donuts. Be born rich and that’s good advice. Be born working class and it’s like talking about colors to Ray Charles. You hear the words and can understand the “logical syllogism” (as Lynch mentions once for some reason not made clear), but they have no practical value to a blind man. Anyway … It’s really instructional that one thing many many of these rich guys never tell you about as the most important piece of advice of all … and one Lynch surely followed himself … It’s easiest to get rich by taking risks and investing OTHER PEOPLE’S MONEY! Again … not a job with lots of availability out there in the employment market. Wanna know what a poor working class guy thinks who once was the most successful trader for several years running at CitiBank? Go search Gary Stevenson here on RU-vid his channel is Gary’s Economics. He’s not so enamored about the idea that “anyone” can get rich investing in the market, and it’s exactly this mistaken attitude that is part of what produces the destructive wealth imbalances that are creating the social chaos and economic collapse of the middle classes and growth of the poor we are witnessing today.
tax regulations takes too much time because of burocracy.Is this burocracy allow the coroption go in and delay development.exactly the same in portugal.we need a new sistem to work with not just the tax but with other areas to acelerating the process for development.
what a croc all money is counterfeit what they dont want you to know its reason for CBDC s coming in near future all money is real not countrfeit like they say its how they get paid pay each other while the slaves just work . its how they move billions of $$$$$s to therir banks and pockets.1 percenters. no such thin as counterfeit money they make these fake yt mafia criminals vids to scare people weaopon of fear keep the lie going slaves working. they show these poor messed up starving idiots who get paid well for going along with the lie its not just in mexico its worlwide these crooks are everywhere fake starving poor crooks pretending to be starving bolony
Using casinos is problematic, because they are subject to Bank Secrecy Laws, and if you accumulate too many W2Gs or CTRs/SARs you will be audited by the IRS. There is also paying in cash as well, but if you get audited for something else, the IRS might notice a lack of bill paying on your bank account, or not enough credit card spending, indicating that you are operating in cash.
I just pay taxes it’s easier. My uncle bought a racetrack in Pennsylvania and inflated the ticket sales to launder his organized crime money. He spent most of my childhood in Lewisberg federal pen. Not for money laundering but for truck hijackings.
Severe absence of price signals? Peronist policies seeking benefits for the working class? I can see a Hegelian swing toward a previously ignored group not sharing in the national wealth creation. Maybe.
As someone who’s been to Cuba over 40 times doing missionary work, I can tell you from personal experience that socialism, in any and all of its forms, doesn’t work. It turns into a police state where you’ll live in paranoia. People are rewarded for informing on each other. Socialism is filled with lots of empty promises. Everywhere it’s put in place it fails and turns into hell on earth.
🤣🤣🤣 if you take way anything from this video , it's don't launder your money and don't get involved in criminal activity. Leave that up to our politicians
Well the company you get the ATM from replenishes your account but can’t actually see you take the money out from the bank to replenish your machine because only banks have that access.
Someone in high places is going to know who's operating ATMs. The IRS, for instance. They are skilled at spotting red flags. If I'm getting cash from an illegitimate source and I use it, it's going to show up eventually. Either my flow of legal money is going to change as a result, or someone is going to get wind of some big ticket cash purchases and start asking questions. Replenishing ATMs is going to involve large sums of $20 bills and that's going to be noticed.
As a irish guy I have travelled a lot. Working visiting 25 years. I came back two years ago and I found I was a stranger in my own city.Sad even with money I cannot find a house. Maybe living out in the sticks
Watched because I thought it looked interesting. Though to be honest, I actually thought it was going to be more of a deep dive into how major governmental and corporate entities launder money (which, btw, they do all the bloody time). Though I’d understand why you didn’t. No one wants to be Epsteined just for pulling back the curtain on the elites and their world.
my moamma once said , the best way to money laundering is to give away 90% of all the money and keep the other 10% , just in case should there will be others that need to be given with .
Hundreds of millions is too little.. not like a govt that can print trillions and launder money by creating wars..audit free..robs the people by inflation.. raising prices of everything enriching cronies.. enslaving the people 🤷
As an adjunct professor with terminal degree status, i designed and taught a fraud course as a 300 and 400 level course. This was one topic. Besides being a CPA I’m a Certified Fraud Examiner and Certified in Financial Forensics. These are interesting topics.
Have a mark create a business.... Like a used bookstore and dvd rental. You can literally cook the books. Theres literally, so many stores in my city that nobody enters or goes into and yet they make money. They rent is always paid.
Very interesting. However, nobody beats the US destruction of the Russian-German Nordstream pipelines and money-for-US weapons money laundering scam in Ukraine!!
You could just set up 2 company's one offshore then make a fake bill of sale for a idea so now transfer the illegal money to the offshore company then give it back to yourself
