this post was submitted on 25 Jan 2026
652 points (99.7% liked)
Political Memes
10377 readers
3105 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
When life gives you ~~lemons~~ theft, commit insurance fraud! I say fuck the rich "victims"...
https://apnews.com/article/brinks-jewelry-heist-ice-deportation-687c0197eda0ee6c8bfd1fb7f5987f35
I think it was said the fraud is actually in the other direction. Jewelry is regularly undervalued to reduce the cost of insuring it.
https://nypost.com/2022/08/13/brinks-doubts-gems-were-150m-in-jewel-heist-lawsuit/
Regardless, I think jewelry and precious gems are a racket. Also, fuck the rich.
I don't think that's fraud. If you insure an object for $100, then you get $100 if it pays out. That the object was actually worth a trillion dollars is neither here nor there
Not really fraud when it comes to insurance which is what my wording most implied. Good point.
I was thinking that it might be considered fraud when amounts were reported to Brink but I admit I know nothing about transportation/security type things. If Brink is just insuring it and the security is just to protect what is insured maybe it doesn't matter. I know I'd be pissed if I was told I'd been transporting a much higher value target than I was paid to transport, and on a regular basis. $150 million is way more dangerous to transport than $8 mil.
Certainly, there are a bunch of other people who might legitimately need to know what they're dealing with
In addition to all of the above thread, there's also two ways to "value" jewelry. A) How much you could get someone to pay you for the item if you sold it, and B) How much it would cost to replace it with something identical or equivalent. Usually B is waaaaaay more expensive than A, unless it's common Walmart jewelry counter grade stuff. And even then, B is merely waaay more expensive than A.
There’s also C) How much the individual components of the jewellery are worth if disassembled/smelted down - i.e. the spot price of any gems or metals used in the piece of jewellery’s construction. This is usually the lowest form of valuation as it doesn’t take into account the labour/expertise of construction and has an associated smelting cost to extract the raw components.
All 'value' is bunk.
Back in the day, there was a place where you could trade a pound of salt for a pound of gold.
Both were worthless where they were found.
Per Marx, value is a social construct, but it's not "bunk" because it is directly tied to the labor necessary to produce something.
Jewelry is not under valued, what fuck you smoking? My best friend run a Jewelry wholesaler business that shit is mark up 1000% especially diamonds.
Personally, I think "pretty" things kept artificially scarce and heavily marketed to the point that there is a social obligation to purchase them for certain occasions are worthless. I have no idea why you are trying to pick a fight about this stupid shit.
Under capitalism, the economic system in which this "heist" took place, things are worth what you can sell them for. That's the capitalist definition of value. If you mark them up 1000% and people will still buy them then you can say they are worth 1000%.