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Thread: Wallstreet revolution

  1. #19

    Default Re: Wallstreet revolution

    Check out this video. If anyone thought that this wasn't paid for by the same people who gave us the arab spring, then this should be convincing enough.

    Egypt Speaker.m4v - YouTube

    This is a clip from the article about it:

    The highlight for the Wall Street occupiers was a keynote speech by a man named Muhammad who claimed to be a veteran of the Arab Spring revolt in Cairo. Muhammad got the crowd fired up with these words below:
    ?I am an Arab Citizen from Egypt. I am coming from there, from the Arab Spring to the fall of Wall Street, from the Arab Spring from Liberation Square to Washington Square to the fall of Wall Street and market domination, and capitalist domination, many things separate us- national borders, homeland insecurities, armies, corporations, and police. They have their laws, they have their debts, and we have our Revolution.?

  2. #20

    Default Re: Wallstreet revolution

    Wall Street should be burned down.

    Did you know that credit default swaps are still going strong? Of course no changes in law were going to happen since Wall Street players fund too many congressional campaigns. That's besides the authors of our current financial debacle aso being the authors of the 2008 bail out.

    I have described financial markets as being artificial markets. As such they should NOT be considered the same as free markets that capitalism, at it's best, has at it's core. Large Corporation (the TBTF type) are also not fundmentally free market.


    One thing I just learned is that the majority of credit default swaps are termed "SYNTHETIC". This has me rolling on the floor, along with hearing the whispered admission that synthetic default swaps are primarily, if not EXCLUSIVELY, speculative (as opposed to hedge devices).

    I call it artificial, the players themselves call it (or a part of it) synthetic. Thank you very much.

    In the meantime wall street players earn millions, and can't even be taxed EXTRA on it, because some yahoos out there (Rush L take a bow) claim they are creating jobs.

    Derivitive market players, arbitragers, and those that turn their trading percentages into hundereds of thousands of dollars, ARE NOT CREATING FREAKING JOBS.

    Either outlaw what they do, or,

    soak them with taxes, or,


    Burn down Wall Street.
    DSCH: a Soviet artist's reply to unjust criticism.

  3. #21

    Default Re: Wallstreet revolution

    Quote Originally Posted by Flop The Nuts View Post
    Whether you like the Tea Party or not, I don't think their demands are vague. For the most part they have a pretty solid platform.
    A few weeks into the tea party movement's demands were 'less taxes!' a few weeks into occupy wall street and there demands are 'Less greed!' or something equally retarded. The tea party's platform has solidified a little in the past couple years though they still haven't offered any real solutions. The wall street protesters' platform will also probably solidify as time goes by, but it's also not likely that they'll have any real solutions.

    At about the same length of time into their respective 'movements' the occupy wall street and tea party movements seem, to me, to be in pretty much the same place. Except one is mostly made up of idiot leftists who normally dress in stupid getups and the other was mostly idiot conservatives who dressed up in stupid getups specially for the protests.
    There's no such thing as a pretty good aligator wrestler.

  4. #22
    Olympic Champ kr1963's Avatar
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    Default Re: Wallstreet revolution

    The ACTUAL Tea Party, founded by supporters of Ron Paul, have real, actual, tangible & practical solutions across the boards.

  5. #23
    Super Moderator UGLY's Avatar
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    Default Re: Wallstreet revolution

    Here are the demands from the groups web site lets look at them one by one and see how they might effect the nation.

    Demand one: Restoration of the living wage. This demand can only be met by ending "Freetrade" by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.

    End free trade and cause the cost of goods to skyrocket and hurt or ability to export, thats a good idea. Also make the minimum wage $20 and hour, I hope they are ready to pay $10 for a gallon of milk and $15 for a gallon of gas and $150 a night at motel 6.

    Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.

    Eliminate all the jobs that people have with insurance companies and while they are at it add huge amounts of debt with a single payer health care system that we cant afford because our GDP dropped dramatically because we cant export anything because of demand #1.

    Demand three: Guaranteed living wage income regardless of employment. Why work and produce anything youll be pulling down 40k a year to sit on your ass. I have no idea where this money will come from, I assume those giant corporations that just went out of business because they cant sell anything overseas, and the the americans wont buy it because it cost too much.

    Demand four: Free college education. Not bad but too bad they used up all of the money in the first three demands, plus who needs free education when you dont have to work and pull down 40k a year.

    Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand. Fossil fuels are cheaper than green energy but hey with all the money everyone is making they wont notice that their electric bill quadrupaled

    Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now. They might want to raise that number considering everyone will be making 20 an hour, not to mention they have no money left over because of the first three demands. I could actually support this demand if the other werent also on the page

    Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America's nuclear power plants. Gonna have to rob some of mother nature to take care of demand number six not to mention you will also need fossil fuels to accomplish both 6 and 7

    Demand eight: Racial and gender equal rights amendment. I believe we already have this

    Demand nine: Open borders migration. anyone can travel anywhere to work and live. Oh yes the entire world will move here to collect their 40k a year and free health care

    Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system. Sure

    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. Apperently we cant pay our bills on 40K a year with free health now we need debt forgiveness because nobody is responsable for the economic situation they are in

    Demand twelve: Outlaw all credit reporting agencies.dumb

    Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union. also dumb, teh union needs to organize and have a private vote

    These demands will create so many jobs it will be completely impossible to fill them without an open borders policy. These demands will kill jobs and make America a thrid worl country

    Lloyd J Hart 508-687-9153

  6. #24

    Default Re: Wallstreet revolution

    Those 13 demands seem like they were concocted by a bunch of seventh graders in a Social Justice class. Ridiculously naive and completely lacking in understanding of economics.

  7. #25
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    I am all for re-distribution of the wealth-yet even to me these demands or goals are ridiculous . I wonder how many of the marchers or protesters have read these demands ?? I imagine few if any .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  8. #26
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Wallstreet revolution

    UGLY,
    do you have a link to this site-I checked the Occupy Wall street site and they say their demands are quite different from the ones you posted .
    I just want to be sure everyone is getting the same information .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  9. #27

    Default Re: Wallstreet revolution

    I have specific agendas (or demands, if you will):

    Corporations

    1. Reverse the court determination that corporations are legally considered individuals.

    2. Outlaw ALL corporate donations to politics. With the extra money saved, companies can increase dividends to stockholders who would be free to donate to whomever and whatever they wish.

    3. While we're at it, make it LAW that NO organizations can donate to campaigns. That would include unions. Rebate some fees to membership and they can donate to whomever or whatever they wish.


    Taxpayer-Funded Bail Outs

    1. Should not be allowed.

    2. If an organization is considered by "the pundits" to be too big to fail, then fellow companies in the relevant (and related) markets, and concerned well-to-do private individuals should be HAPPY to donate to help the patient, when it puts hat in hand and broadcast a plea for saving funds. If it is THAT important, it shouldn't be necessary to go to the taxpayers. If free market begging doesn't work...too bad.


    Financial Markets, a law unto themselves

    1. Financial markets should not be considered part of the free market system. They are not in practice, and probably theorums could be constructed to prove that they are not in theory either, based on existing law.

    2. My basic attitude is that it should be illegal to bet on companies to fail. I can think of no philisophical basis for why it should be necessary, or how it can be helpful to the economy in general. Wall street financiers (players) benefit, but who else? Companies look for investors. Wall Street should act as a clearinghouse for those efforts.

    3. Funds have come into existence. They may be originating, such as pension funds. Or they may be the next step in investing, such as mutual funds. It strikes me that this "funds market" is rife with what I call abuse, and would be best described as a casino gaming house. Absolutely brilliant minds play with their financial toys making zillions of dollars for the players of these games.

    4. These players rise to positions of power and influence (sec teas, federal reserve), but cannot see past the walls of their casino house. It remains inconceivable to them that Wall Street should not exist and function in it's current form. Their idea of solving problems is to do minor tweaking in procedures. Tell them that naked credit default swaps, also known as synthetic, should be outlawed, and they would look a you as if you are a denizen of the twilight zone. Their only decision would be to determine their level of condensension. If seriously challenged for answers (ie-congressional hearing), they have ALL kinds of reasons for no changes in Wall Street practices. What no one seems to realize is that all of those reasons work to benefit Wall Street players and huge banks and NOTHING else. We are told that it is for the benefit of the "economy" or something as equally nebulous.

    5. Banks should be fundamentally local. Adhering to this type of philosophy would necessitate changes in laws and administrative policies.
    Last edited by LkwdSteve; 10-10-2011 at 07:41 PM.
    DSCH: a Soviet artist's reply to unjust criticism.

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