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Occupy Wall Street - Page 25

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Grumbels
Profile Blog Joined May 2009
Netherlands7032 Posts
Last Edited: 2011-10-02 10:26:09
October 02 2011 10:20 GMT
#481
But it is divine revelation. When God dictated the US constitution to the mythical Founding Fathers, he explicitly said: "and thou shalt adopt a capitalist system, and it shall be good".
Well, now I tell you, I never seen good come o' goodness yet. Him as strikes first is my fancy; dead men don't bite; them's my views--amen, so be it.
Expurgate
Profile Joined January 2011
United States208 Posts
October 02 2011 10:21 GMT
#482
On October 02 2011 19:20 Grumbels wrote:
But it is divine revelation. When God dictated the US constitution to the mythical founding fathers, he explicitly said: "and thou shalt adopt a capitalist system, and it shall be good".


You forgot to capitalize Founding Fathers, the mythical demigods who formed the US of A out of the bodies of communists. I'll forgive it, since you're not from here
aka_star
Profile Blog Joined July 2007
United Kingdom1546 Posts
October 02 2011 10:25 GMT
#483
Just tuned in this via http://occupytheplanet.com, its great to see the revolutionaries doing their thing in wall street.... anyone going to be attending the occupyLondon event on the 15th of oct?.. would be nice to see some sc2 guys attend

FlashDave.999 aka Star
BlackFlag
Profile Joined September 2010
499 Posts
October 02 2011 10:27 GMT
#484
I think this is a good thing, it will achieve nothing, but it will build consciusness about problems within the USA which is the first step.
DannyJ
Profile Joined March 2010
United States5110 Posts
Last Edited: 2011-10-02 10:37:17
October 02 2011 10:34 GMT
#485
On October 02 2011 19:27 BlackFlag wrote:
I think this is a good thing, it will achieve nothing, but it will build consciusness about problems within the USA which is the first step.


We need baked out people with nothing better to show us people on wall street are greedy? Nothing they are protesting is some sort of secret.
wonderwall
Profile Blog Joined September 2010
New Zealand695 Posts
October 02 2011 10:36 GMT
#486

Every human society, at every time throughout history, has thought that it was in possession of the ultimate system for organizing economic activity. It's just part of human nature, to treat temporary convenience as eternal truth. While capitalism has been the most powerful force in history for increasing standards of living over the last few centuries, it is complete and utter foolishness to pretend it's some sort of divine revelation. What is so hard about admitting that it's not perfect?


If you would like to make a claim about something (Capitalism is not a good economic system) it is customary to have evidence to support your claim. You've said that no economic system is perfect which doesn't disprove anything about capitalism specifically. If you want to be taken seriously focus on specific points instead of sweeping generalizations.
Expurgate
Profile Joined January 2011
United States208 Posts
October 02 2011 10:40 GMT
#487
On October 02 2011 19:36 wonderwall wrote:

Show nested quote +
Every human society, at every time throughout history, has thought that it was in possession of the ultimate system for organizing economic activity. It's just part of human nature, to treat temporary convenience as eternal truth. While capitalism has been the most powerful force in history for increasing standards of living over the last few centuries, it is complete and utter foolishness to pretend it's some sort of divine revelation. What is so hard about admitting that it's not perfect?


If you would like to make a claim about something (Capitalism is not a good economic system) it is customary to have evidence to support your claim. You've said that no economic system is perfect which doesn't disprove anything about capitalism specifically. If you want to be taken seriously focus on specific points instead of sweeping generalizations.


On October 02 2011 19:13 Expurgate wrote:
The problem is not that capitalism, as a system, is fundamentally bad or evil...


If you would like to make a claim about another person's post, it is customary to read what is written before demanding proof for a statement that is not present.
koveras
Profile Joined January 2011
163 Posts
October 02 2011 10:41 GMT
#488
I swear, Americans would all be commies if it wasnt for the banksters and there FIAT money.
“That’s amazing everyone ‘Likes’ my status but you, you’re my wife. You should be the first one to ‘Like’ my status.
Casta
Profile Joined April 2010
Denmark234 Posts
October 02 2011 10:42 GMT
#489
Since when was it a crime to be rich or work on wall street?

Just because you are a succesful, a lot of people will think you are conspiring against them because you were able to obtain what they were not, that is just childish...

Rich people contribute a lot to the society through tax, they don't need to be punished for that.

Some cases reveals crooked politicians or corrupt powerfull corporation leaders, but they are blown up so much by the media that people start to generalize. They need to be punished of course but within the boundaries of the law.

I think it is healthy with a demonstration once in a while to get some focus on the issues especially in this tough financial situation, but all that talk about conspiracies and leaders behaving like selfish bogeymen is pretty ridiculous.
KiaL.Kiwi
Profile Joined August 2010
Germany210 Posts
Last Edited: 2011-10-02 14:11:52
October 02 2011 10:45 GMT
#490
On October 02 2011 17:22 ParasitJonte wrote:
But it's easy to point the finger on Wall Street bad guys and incompetent & corrupt politicians. The truth is that if you want to stand face to face with someone who shares equal part of the blame, all you have to do is look in the mirror.

After all, you voted these politicians power and you supported the system. You didn't complain when you were allowed to purchase a house even though you clearly couldn't afford it. You didn't think of the risk of interest rates rising. You didn't consider whether the market may be terribly overvalued. You didn't critique your friends purchases either. The truth is, you were happy as long as prices kept going up. Above all, you didn't feel bad when you couldn't make your payments and laughed as you left the house and the unpaid mortgage with the bank. The bank on it's part didn't care as the mortgage had already been bought by Fanny Mae. But in the end of course, these bad decisions eventually found their way back to the initial bad decision makers; the people who bought the houses.

That's why these sorts of protests are a joke. The people protesting are as guilty as the ones they are protesting against.

There is some general truth in your statement, but I think blaming the average citizen for what happenend is quite unfair, especially considering that (mass) media failed (and fails) to inform in any sufficient way about the upheaving problems.
At least over here media were singing doxologies on the deregulation of the finance market, on the booming financial industry and assuring the usual citizen to take part in the whole roulette instead of critically questioning the empty phrases thrown at them by press relation officiers of the finance industry and polititians.

Markets/economy are much too complicated systems to easily form a decent understanding of how they work: Bankers, politicians, investors, people who are supposed to understand it (or at least have advisers who do) failed to recognize what was going to happen, it shouldn't be too suprising that the wall-markt cashier next door was completly blind to the situation and just happy to have an opportunity purchase his own little house.

You can't expect the average joe to make a bachelor in economics before he allows himself to buy a house.
BlackFlag
Profile Joined September 2010
499 Posts
October 02 2011 10:59 GMT
#491
On October 02 2011 19:34 DannyJ wrote:
Show nested quote +
On October 02 2011 19:27 BlackFlag wrote:
I think this is a good thing, it will achieve nothing, but it will build consciusness about problems within the USA which is the first step.


We need baked out people with nothing better to show us people on wall street are greedy? Nothing they are protesting is some sort of secret.


And? I know, but in the last 30 years or so every bit of consciousness about politics got lost because it worked for the first world pretty well. People start at zero and it's a longer way until they realize who's fucking them.
-Archangel-
Profile Joined May 2010
Croatia7457 Posts
October 02 2011 14:54 GMT
#492
On October 02 2011 19:42 Casta wrote:
Since when was it a crime to be rich or work on wall street?

Just because you are a succesful, a lot of people will think you are conspiring against them because you were able to obtain what they were not, that is just childish...

Rich people contribute a lot to the society through tax, they don't need to be punished for that.

Some cases reveals crooked politicians or corrupt powerfull corporation leaders, but they are blown up so much by the media that people start to generalize. They need to be punished of course but within the boundaries of the law.

I think it is healthy with a demonstration once in a while to get some focus on the issues especially in this tough financial situation, but all that talk about conspiracies and leaders behaving like selfish bogeymen is pretty ridiculous.

It is not a crime and that is why they are protesting. Financial market caused this problems and nobody broke a crime for it and nobody was punished by the law.

So I guess you answered your own question.
dudeman001
Profile Blog Joined February 2010
United States2412 Posts
October 02 2011 15:20 GMT
#493
On October 02 2011 19:45 KiaL.Kiwi wrote:
Show nested quote +
On October 02 2011 17:22 ParasitJonte wrote:
But it's easy to point the finger on Wall Street bad guys and incompetent & corrupt politicians. The truth is that if you want to stand face to face with someone who shares equal part of the blame, all you have to do is look in the mirror.

After all, you voted these politicians power and you supported the system. You didn't complain when you were allowed to purchase a house even though you clearly couldn't afford it. You didn't think of the risk of interest rates rising. You didn't consider whether the market may be terribly overvalued. You didn't critique your friends purchases either. The truth is, you were happy as long as prices kept going up. Above all, you didn't feel bad when you couldn't make your payments and laughed as you left the house and the unpaid mortgage with the bank. The bank on it's part didn't care as the mortgage had already been bought by Fanny Mae. But in the end of course, these bad decisions eventually found their way back to the initial bad decision makers; the people who bought the houses.

That's why these sorts of protests are a joke. The people protesting are as guilty as the ones they are protesting against.

There is some general truth in your statement, but I think blaming the average citizen for what happenend is quite unfair, especially considering that (mass) media failed (and fails) to inform in any sufficient way about the upheaving problems.
At least over here media were singing doxologies on the deregulation of the finance market, on the booming financial industry and assuring the usual citizen to take part in the whole roulette instead of critically questioning the empty phrases thrown at them by press relation officiers of the finance industry and polititians.

Markets/economy are much too complicated systems to easily form a decent understanding of how they work: Bankers, politicians, investors, people who are supposed to understand it (or at least have advisers who do) failed to recognize what was going to happen, it shouldn't be too suprising that the wall-markt cashier next door was completly blind to the situation and just happy to have an opportunity purchase his own little house.

You can't expect the average joe to make a bachelor in economics before he allows himself to buy a house.

With the occupying people claiming to be the "99%" I think it's perfectly acceptable to blame the average citizen lol. I agree you can't blame people for not being masters of economics, but you can blame people for being irresponsible financially. They just don't like to hear it and swarm to the wealthy and responsible to save them.

Imo trusting any kind of economic adviser is a waste of time. At any point you'll have disagree economists because there's no one perfect set of rules to follow in economic theory. Theory breaks down when it enters the real world. However it doesn't take some economics MBA to tell you how to save your money and spend it wisely.
Sup.
BioNova
Profile Blog Joined May 2011
United States598 Posts
October 02 2011 15:22 GMT
#494
1913 to Present... This has been a long time coming. End the Fed

If i had a whole month, i probably couldn't ballpark a figure high enough to show just what the money printing alone has cost us in just the interest when it was printed, without touching on currency devaluation and bubbles.

I used to like trumpets, now I prefer pause. "Don't move a muscle JP!"
Sermokala
Profile Blog Joined November 2010
United States14139 Posts
October 02 2011 16:41 GMT
#495
On October 02 2011 17:13 OsoVega wrote:
https://occupywallst.org/forum/proposed-list-of-demands-for-occupy-wall-st-moveme/

I don't know if this is actually official or represents the people protesting but it's hilarious either way.


That list of demands is the biggest troll I've seen yet. Literally every single one is an incoherent mess. "free college education"? "decommission all of Americas nuclear power plants"? "immediate loan forgiveness"(not even just ours they want us to forgive the worlds debt)? He literally propose's ending free trade and imposing tariffs on all imported goods. (sneeks in the end that minimum wage should be $20 an hour that made me laugh out loud) "guaranteed living wage income regardless of employment" "outlaw all credit reporting agencies"?

Even the comments are borderline insane.

It makes me really sad that people think all these protests are something different. All of the things that you see happen at every single national political convention every 4 years. Out of any major city the NYPD has delt with the most rioting from a long long history of it. They're just going to keep following basic riot control policy until the protesters finally give up. Days weeks and months don't really mean that much to them each and every one of them gets overtime for it anyway.

wall street companies will probably give them a gift for keeping the peace and preventing damage to important structures.
A wise man will say that he knows nothing. We're gona party like its 2752 Hail Dark Brandon
Sermokala
Profile Blog Joined November 2010
United States14139 Posts
October 02 2011 16:42 GMT
#496
On October 03 2011 00:22 BioNova wrote:
1913 to Present... This has been a long time coming. End the Fed

If i had a whole month, i probably couldn't ballpark a figure high enough to show just what the money printing alone has cost us in just the interest when it was printed, without touching on currency devaluation and bubbles.




Its actualy really funny because in a really odd way we make money on everything we print by selling it to the fed. we literally mint and print the money and coins and sell it to the banks to pay off the debt its been going on ever scene they started the fed.
A wise man will say that he knows nothing. We're gona party like its 2752 Hail Dark Brandon
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
October 02 2011 17:16 GMT
#497
On October 02 2011 23:54 -Archangel- wrote:
Show nested quote +
On October 02 2011 19:42 Casta wrote:
Since when was it a crime to be rich or work on wall street?

Just because you are a succesful, a lot of people will think you are conspiring against them because you were able to obtain what they were not, that is just childish...

Rich people contribute a lot to the society through tax, they don't need to be punished for that.

Some cases reveals crooked politicians or corrupt powerfull corporation leaders, but they are blown up so much by the media that people start to generalize. They need to be punished of course but within the boundaries of the law.

I think it is healthy with a demonstration once in a while to get some focus on the issues especially in this tough financial situation, but all that talk about conspiracies and leaders behaving like selfish bogeymen is pretty ridiculous.

It is not a crime and that is why they are protesting. Financial market caused this problems and nobody broke a crime for it and nobody was punished by the law.

So I guess you answered your own question.


Financial markets contributed to the problem but there's plenty of blame to go around.

Bad political policy encouraged banks to make loans to sub-prime borrowers. Quote from Barney Frank (D) from 2003 "I do not want the same kind of focus on safety and soundness [in the regulation of Fannie Mae and Freddie Mac] ... I want to roll the dice a little bit more in this situation towards subsidised housing." Currently Fannie Mae and Freddie Mac are two of the biggest recipients of bail-out money with little chance of being able to pay the money back anytime soon.

Dreams of getting rich quick drove people to buy homes they couldn't afford... and their subsequent default is the underlying reason for the financial crisis.

Where there was fraud people are going to jail... as it should be. But making a bad investment on Wall St is not and should not be a crime anymore then bad government policy or bad consumer decisions.
KiaL.Kiwi
Profile Joined August 2010
Germany210 Posts
October 02 2011 17:21 GMT
#498
On October 03 2011 01:41 sermokala wrote:
Show nested quote +
On October 02 2011 17:13 OsoVega wrote:
https://occupywallst.org/forum/proposed-list-of-demands-for-occupy-wall-st-moveme/

I don't know if this is actually official or represents the people protesting but it's hilarious either way.

It makes me really sad that people think all these protests are something different. All of the things that you see happen at every single national political convention every 4 years. Out of any major city the NYPD has delt with the most rioting from a long long history of it. They're just going to keep following basic riot control policy until the protesters finally give up. Days weeks and months don't really mean that much to them each and every one of them gets overtime for it anyway.

wall street companies will probably give them a gift for keeping the peace and preventing damage to important structures.

Right on.
http://www.jpmorganchase.com/corporate/Home/article/ny-13.htm

Nightfall.589
Profile Joined August 2010
Canada766 Posts
Last Edited: 2011-10-02 17:29:41
October 02 2011 17:23 GMT
#499
On October 03 2011 01:41 sermokala wrote:

That list of demands is the biggest troll I've seen yet. Literally every single one is an incoherent mess. "free college education"? "decommission all of Americas nuclear power plants"? "immediate loan forgiveness"(not even just ours they want us to forgive the worlds debt)? He literally propose's ending free trade and imposing tariffs on all imported goods. (sneeks in the end that minimum wage should be $20 an hour that made me laugh out loud) "guaranteed living wage income regardless of employment" "outlaw all credit reporting agencies"?


Believe it or not, some of those things would actually be helpful. Specifically, free college education, and guaranteed income.

One is a national investment for the future - an educated workforce is something America desperately needs.

The other is also an investment - one aimed at reducing poverty. At least in Canada, the current level of poverty costs the government almost twice as much as providing everyone with a guaranteed minimal income. And that's not even counting its toll on GDP. Unless you actually think that generation after generation of crime, prison sentences, welfare, and wasted economic potential for some of your minorities is a good thing, GMI is something you ought to think about.

The rest, though, is pretty much batshit crazy.

Proof by Legislation: An entire body of (sort-of) elected officials is more correct than all of the known laws of physics, math and science as a whole. -Scott McIntyre
TranceStorm
Profile Blog Joined May 2007
1616 Posts
October 02 2011 17:29 GMT
#500
On October 03 2011 02:23 Nightfall.589 wrote:
Show nested quote +
On October 03 2011 01:41 sermokala wrote:

That list of demands is the biggest troll I've seen yet. Literally every single one is an incoherent mess. "free college education"? "decommission all of Americas nuclear power plants"? "immediate loan forgiveness"(not even just ours they want us to forgive the worlds debt)? He literally propose's ending free trade and imposing tariffs on all imported goods. (sneeks in the end that minimum wage should be $20 an hour that made me laugh out loud) "guaranteed living wage income regardless of employment" "outlaw all credit reporting agencies"?


Believe it or not, some of those things would actually be helpful. Specifically, free college education, and guaranteed income.

One is a national investment for the future - an educated workforce is something America desperately needs.

An issue with providing free college education to students in the US is that it simply is unfeasible as the US doesn't have enough resources. Many colleges in the US are private institutions which have enormously high tuitions (many do offer financial aid though) - however, the US simply can't provide higher education for everyone. Whenever they do try to, the 'online' universities and the more shady universities benefit quite alot. If you do any reading on for-profit universities, they arose from the effort to provide more education for everyone.
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