Video – The Tragedy This Weekend At The “Coachella For The Super Rich”

The Entry Points

Trader Scott

There is a sad story today at Bloomberg about the “tragedy” (yes tragedy according to the writer) which befell a group of “moneyed millenials” (SJWs) over the weekend. When young SJWs are not pampered, and coddled, and treated like royalty, the rest of us should feel nothing but sorrow for their plight. Because they live such demanding, high-pressure, work-intensive lives. Protesting, rioting, and shouting over the speeches and appearances by conservative speakers, is an exhausting life for these youngsters – so they need time to kickback and chillax. This past weekend was supposed to provide this and be a fun-filled experience, but it was a “disaster” instead. Here’s what happened:

The same young “moneyed millennials” who have been lecturing and berating the rest of us about our “CO2-intensive lifestyles”, decided it was perfectly fine for them to fly to the Bahamas for the weekend: “Fyre Festival chartered planes from Swift Air to fly from Miami to Great Exuma Island.” It was billed as a “Coachella for the super rich”. And ticket holders thought it would be a: “weekend in paradise, but it turned into a nightmare when a super exclusive music festival in the Bahamas became a disorganized mess, stranding attendees who in some cases paid tens of thousands of dollars. Hyped by glossy ads featuring such supermodels as Kendall Jenner and Emily Ratajkowski, the Fyre Festival promised the culture experience of the decade in a tropical wonderland of yachts, villas, and gourmet cuisine. Ticket prices went into five figures for special VIP treatment, though general admission packages were available starting at $1,200.” But it was not anything like what they had dreamed it would be. Their luxury accommodations were disaster relief tents. And their gourmet cuisine did not even take into consideration animal welfare, nor the environment: “For dinner, they were served bread, cold cuts, cheese slices, and a side salad in a styrofoam box.” The event was put together by two “moneyed millennials”, Ja Rule and Billy McFarland, but things went a bit awry: “The event was organized by rapper Ja Rule and entrepreneur Billy McFarland, who is also the founder and chief executive officer of Magnises, a social club for “elite” millennials. According to a report by Business Insider, some members of that enterprise claimed last-minute trip cancellations, scheduling failures, and unwanted charges on their cards. McFarland didn’t immediately return a call and text seeking comment.”

The two geniuses who organized the event were even reprimanded by the Bahamian government: “The event’s implosion was so calamitous it prompted a Bahamian government agency to issue a statement on the matter. ‘We are extremely disappointed in the way the events unfolded yesterday with the Fyre Festival. We offer a heartfelt apology to all who traveled to our country for this event,’ the Ministry of Tourism said Friday.”
But after the “calamity” which befell the moneyed millennials over the weekend, they decided they wanted their money back: “According to Dylan Caccamesi, who paid about $1,200 to attend, organizers asked those seeking refunds to write their names, email addresses, and phone numbers on pieces of computer paper. He signed the paper in the hope that it would help guarantee a refund. ‘I’m not sure what the intent was,’ the 22-year-old from New Jersey said in a phone interview from the Bahamas. ‘We still have to get a hold of them.’ Caccamesi said an email was also sent by the festival promising a refund, citing unforeseen circumstances, but detailed information has yet to be provided.” As to be expected of course, and what else is new, the “moneyed lawyers” had to butt in on the “tragic” circumstances: “It sounds like a clear breach of contract case, said Randall Kessler, an attorney in Georgia. ‘They didn’t deliver what they promised.” Maybe there’s a case here for Gloria Allred, as there certainly must have been some sexism involved in this “tragedy” also.

And “like” is apparently still in, as young Dylan summed it up for us: “I haven’t been on a vacation in a while. I was like, ‘I’ll be living luxurious.’ It was supposed to be good for, like, high-class youth. A higher-expectations festival.” Well obviously young Dylan did not “like” what happened, but as any youngster knows, there’s always alcohol to make it all better: “We have no idea what’s going on. We’re just sitting on the beach getting wasted.”

 

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About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.

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