Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Can someone do me a favor and let me know if #11 is happening. I have a lot of shopping to do before it gets implemented.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period.
Here's what one of the nutjobs wants: (from occupywallst.org)
Minimum wage $20/hour, a wage regardless of employment, free college, open borders, trillions more of immediate spending, outlaw credit reporting agencies (!?!?!?!?), and wiping all consumer debt off the books!
I wonder why the world is scoffing at them though the media is not? Compare it to that of the Tea Party, where the media scoffs at the mere mention of them, but the average American does not.
Your list of what they want may well be radicalized at least to some extent by those who disdain demonstrators of the more common demographic. At any rate, demonstrators deserve to have their voices heard. What will work against them is that they do not appear to have one coherent, mutually decided manifesto. Unfortunately, movements like these never have good leaders. It will be interesting to see if they get their act together enough to write a case statement for their position.
The Teaparty is similarly poorly articulated with a weak organizational statement.
Hard to decide which is worse, the arrogance of Wall Street or the idiocy of the protesters. That list of demands earlier in the thread was profoundly discouraging, although one must admit that not all the protesters can possibly be that clueless about reality.
The best thing the goverment could've done was let them fail. Here we are 3 years later and nothings any better. Its actually worse for most.
As far as my debit card....there is NO money to withdraw! It all goes to pay excessive increases in groceries, gasoline, utilities and any other enity that has a monopoly going on.
Screw Wall Street
This kind of reasoning is almost infantile. Some people are so determined to "get even with the banks" they fail to see what an out-an-out catastrophe would have taken place.I think you are so concerned about the fact that things aren't ideal for you right now that you've lost sight of the big picture. If the whole banking system had been allowed to collapse here are just a few things that would have likely happened:
1. Businesses would have been unable to pay their workers.
2. Stores would have been unable to sell to anyone without cash.
3. People without food storage would have literally gone hungry.
4. Businesses wouldn't have laid off 9% of their workforce. It would have been maybe one third to one half their labor force.
5. The rest of the world would have totally lost confidence in this country. Our dollar might have become a worthless currency. Right now, despite our problems its holding up well against the Euro, the British Pound, and the Canadian Dollar.
Do your realize that hungry people would probably riot? The store owners would have been left with the choice of letting looters take their whole inventory or resorting to shooting and killing them.
It was a nightmare scenario. It took bold, controversial action by leaders from both political parties to stop it. Of course you disagree with it. You have the luxury of hindsight.
It is naive to think that a few hundred people demonstrating outside is going to get the attention of anyone in JP Morgan Chase or Goldman Sachs. The highrollers in these institutions are living in another parallel universe with control of not only the billions of dollars that matter but also the influence that comes along with it... the USA has become an oligarchy and it's way too late to change that now since Americans have done this to themselves by overindulging in the last few decades and becoming slaves of these bigwigs. The constitution?...that's only for the middle class, the oligarchs don't need a stinking constitution because they write their own rules. Obama and the rest of congress are nothing more than puppets with the strings attached to Wall st.
All, please bow down, Goldman Sachs is in session....
... the underlying problem with the US economy is that the US ruling classes have as a priority their power position in the global economy, while stewardship of the economy on US soil and its inhabitants is by now, for them, second fiddle...
The US Ruling Classes are most easily identified by their political contributions.
According to the Federal Election Commission's data published April, 2011, here are the top aggregate contributors to federal elections. At the top of the image is a legend that describes the donor:
So... in the top 15 contributors, we have:
Extreme Left-wing ideologues,
a Union,
AT&T, which isn’t really a business but rather a protected monopoly
Realtors,
a Union,
a Union,
Trial lawyers who sue businesses,
a Union,
a Union,
a Union,
a Union,
a Union
a Union,
a Union, and... (drum roll, please)…
a Union.
Hmmm.... I think I’m detecting a pattern here. Moreover, according to the legend, there is not one – NOT ONE – contributor who contributes to the Republican Party or pro-business candidates.
Yes, it is pretty clear just exactly who the purchasers of influence are.
The root cause of the mess, of course, was re-writing the regulations implementing the Community Reinvestment Act to simultaneously (a) require banks & mortgage originators to extend more credit to those farther down the economic ladder who couldn't otherwise qualify for a loan coupled with (b) authorizing securitization of loans into MBSs, CDOs, and the alphabet soup about which we all know more than we wish we did.
You can thank Henry Cisneros & Roberta Achtenberg from HUD for this mess - -they led the efforts to rewrite the regulations in the first place.
Here's what one of the nutjobs wants: (from occupywallst.org)
Minimum wage $20/hour, a wage regardless of employment, free college, open borders, trillions more of immediate spending, outlaw credit reporting agencies (!?!?!?!?), and wiping all consumer debt off the books!
I wonder why the world is scoffing at them though the media is not? Compare it to that of the Tea Party, where the media scoffs at the mere mention of them, but the average American does not.
Learn your facts!
This is one person's suggestion.
The New York City General Assembly is taking suggestions to make an official stance, so they can have organization in the protest!
FoxNews "Read Demands of 'Occupy Wall Street' ... and Try Not to Laugh" article I assume?
They've got more of a conservative view, and might want these little protests to disappear, singling out one person's view and making the entire movement seem insane seems like a good way to do so...
I don't understand what the protests are able to accomplish. Standing in the street with a sign in your hand doesn't take a nickle out of the elite's pockets. They are probably laughing. The time and place to effectively protest is at the voting booth in November 2013. Vote out ALL incumbents. Every one of them.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Which is worse? It's a coin toss.
