Thread: Thousands to occupy Wall Street in protest

Originally Posted by Boon Mee

btw, Reuters did find indirect financial links between Soros and Adbusters, an anti-capitalist group in Canada which started the protests with an inventive marketing campaign aimed at sparking an Arab Spring type uprising against Wall Street.

What a joke. Indirect being the key word here. This is far from proving any of the allegations your nutters are alleging. A quote from the article;

"According to disclosure documents from 2007-2009, Soros' Open Society gave grants of $3.5 million to the Tides Center, a San Francisco-based group that acts almost like a clearing house for other donors, directing their contributions to liberal non-profit groups. Among others the Tides Center has partnered with are the Ford Foundation and the Gates Foundation.

Disclosure documents also show Tides, which declined comment, gave Adbusters grants of $185,000 from 2001-2010, including nearly $26,000 between 2007-2009.

Aides to Soros say any connection is tenuous and that Soros has never heard of Adbusters."



A more important and relevant quote from the article;


"Soros in 2009 wrote in an editorial that the purchase of toxic bank assets would, "provide artificial life support for the banks at considerable expense to the taxpayer."

He urged the Obama administration to take bolder action, either by recapitalizing or nationalizing the banks and forcing them to lend at attractive rates. His advice went unheeded."

If Obama would have taken his advise and nationalized the banks we would be on our way out of the recession/depression imho.

Nationalize the banks, eh?

What a great idea!

^ shows how stupid you are.

Originally Posted by Boon Mee

Nationalize the banks, eh?

What a great idea!

Quite right, an excellent idea.
That or regulate them to the point private enterprise is essentially running them on the governments behalf.

Originally Posted by bsnub

high school.

Big assumption there.

Originally Posted by Koojo

Originally Posted by bsnub

high school.

Big assumption there.

Originally Posted by bsnub

He urged the Obama administration to take bolder action, either by recapitalizing or nationalizing the banks and forcing them to lend at attractive rates. His advice went unheeded."

It went like this-


the ultimate failure here is of imagination. What we are witnessing can also be seen as a demand to finally have a conversation we were all supposed to have back in 2008.

"There was a moment, after the near-collapse of the world's financial architecture, when anything seemed possible. Everything we'd been told for the last decade turned out to be a lie...

"It seemed the time had come to rethink everything: the very nature of markets, money, debt; to ask what an 'economy' is actually for. This lasted perhaps two weeks. Then, in one of the most colossal failures of nerve in history, we all collectively clapped our hands over our ears and tried to put things back as close as possible to the way they'd been before."
America's growing anti-intellectualism - Opinion - Al Jazeera English

Absolutely nothing substantive has changed. If anything, the banking sector has cemented it's position at the top of the hierarchy, and Congress' subservient role as a Lobby group for business and financial interests. Banks still make huge amounts of money trading in opaque and complex instruments of uncertain risk, which land large amounts of capital in the hands of a few, with no benefit whatsoever to broader society. The capital thus employed in this opaque shell game is deployed from fulfilling the traditional bank role of providing credit to business and consumers. Not one banker has been held accountable for the near collapse of our financial system, and the expensive bailouts thus entailed. Quite the opposite- bankers basically ran the so called 'financial reform process' post crash. Reform was the last thing on their mind- stifling reform was their collective aim. A pig does not destroy it's own trough.

Most of the people demonstrating wouldn't know the difference between a CDO and a financial futures contract. They wouldn't know that, when Daddy buys some shares, he is not actually buying them from the NYSE at all- he is buying them from a 'book' kept by the institution he is buying them from. He wouldn't know that the Bank aggregates all buy and sell orders at a particular time, and uses 'high speed trading' to make money off this inside information- with the net result that the customer pays a bit more. When I was first stockbroking, there was a name for this- "front running". It was unethical, illegal and immoral, but now it is standard practise. Neither would he know that, after daddy has bought and paid for them, the Bank keeps them in their own custody ('nominee'), and proceeds to use them as collateral for their own trading activities, or other money making schemes such as stock lending. In other words, what dad has bought and paid for they get to use as if they owned it. This is merely the tip of the iceberg.

He or she just knows there is something wrong, that they are being ripped off, paying for the consequences of other peoples folly and greed, and not being told anything about what is really going on. And he or she is quite right.

They also know their politicians and political system has betrayed them- that Congress does not actually represent their interests at all, quite the opposite. You hardly need to be a guru to work that out.

(The Linked article is very good btw. I'm going to look up more stuff by this Paul Rosenberg fellow.)

Originally Posted by sabang

Absolutely nothing substantive has changed.

that's basically what DSK was saying in "Inside Job",

a must see documentary,

Originally Posted by Otto von Bismarck

The death of Lincoln was a disaster for[the world]. There was no man great enough to wear his boots. I fear that foreign bankers with their tortuous tricks will entirely control the exuberant riches of America and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole [world] into wars and chaos in order that the whole earth should become their inheritance.

Right on the money there, Otto.

Originally Posted by bsnub

^ shows how stupid you are.

No, it shows how ignorant you are, bub.
Let the free market do its work 'cause nationalizing things never works. Just ask the US Postal Service which is soon to go out of business.

Originally Posted by sabang

Originally Posted by bsnub

He urged the Obama administration to take bolder action, either by recapitalizing or nationalizing the banks and forcing them to lend at attractive rates. His advice went unheeded."

It went like this-


the ultimate failure here is of imagination. What we are witnessing can also be seen as a demand to finally have a conversation we were all supposed to have back in 2008.

"There was a moment, after the near-collapse of the world's financial architecture, when anything seemed possible. Everything we'd been told for the last decade turned out to be a lie...

"It seemed the time had come to rethink everything: the very nature of markets, money, debt; to ask what an 'economy' is actually for. This lasted perhaps two weeks. Then, in one of the most colossal failures of nerve in history, we all collectively clapped our hands over our ears and tried to put things back as close as possible to the way they'd been before."
America's growing anti-intellectualism - Opinion - Al Jazeera English

Absolutely nothing substantive has changed. If anything, the banking sector has cemented it's position at the top of the hierarchy, and Congress' subservient role as a Lobby group for business and financial interests. Banks still make huge amounts of money trading in opaque and complex instruments of uncertain risk, which land large amounts of capital in the hands of a few, with no benefit whatsoever to broader society. The capital thus employed in this opaque shell game is deployed from fulfilling the traditional bank role of providing credit to business and consumers. Not one banker has been held accountable for the near collapse of our financial system, and the expensive bailouts thus entailed. Quite the opposite- bankers basically ran the so called 'financial reform process' post crash. Reform was the last thing on their mind- stifling reform was their collective aim. A pig does not destroy it's own trough.

Most of the people demonstrating wouldn't know the difference between a CDO and a financial futures contract. They wouldn't know that, when Daddy buys some shares, he is not actually buying them from the NYSE at all- he is buying them from a 'book' kept by the institution he is buying them from. He wouldn't know that the Bank aggregates all buy and sell orders at a particular time, and uses 'high speed trading' to make money off this inside information- with the net result that the customer pays a bit more. When I was first stockbroking, there was a name for this- "front running". It was unethical, illegal and immoral, but now it is standard practise. Neither would he know that, after daddy has bought and paid for them, the Bank keeps them in their own custody ('nominee'), and proceeds to use them as collateral for their own trading activities, or other money making schemes such as stock lending. In other words, what dad has bought and paid for they get to use as if they owned it. This is merely the tip of the iceberg.

He or she just knows there is something wrong, that they are being ripped off, paying for the consequences of other peoples folly and greed, and not being told anything about what is really going on. And he or she is quite right.

They also know their politicians and political system has betrayed them- that Congress does not actually represent their interests at all, quite the opposite. You hardly need to be a guru to work that out.

(The Linked article is very good btw. I'm going to look up more stuff by this Paul Rosenberg fellow.)

This is to much for booners.

Originally Posted by misskit

Originally Posted by Boon Mee

^
Sheer lunacy...

Elaborate, please.

He can't, he didn't even read the article, he's just trolling this thread.

I think this is the Daily Show episode about the protests ya'll were looking for a while back.

October 05, 2011 - Hugh Jackman - The Daily Show With Jon Stewart - Full Episode Video | Comedy Central

Originally Posted by Neo

he's just trolling this thread.

And my stringer is 'bout maxed out!

...w/left wing loons that is...

Originally Posted by Boon Mee

the organizers behind Occupy Wall Street aim to destabilize the American government

No shit!? No fucking way!!? Un-fucking-believable!!!?

Originally Posted by misskit

I think this is the Daily Show episode about the protests ya'll were looking for a while back.

October 05, 2011 - Hugh Jackman - The Daily Show With Jon Stewart - Full Episode Video | Comedy Central

Blocked in UK, but thanks anyway.

Originally Posted by Neo

Originally Posted by Boon Mee

the organizers behind Occupy Wall Street aim to destabilize the American government

No shit!? No fucking way!!? Un-fucking-believable!!!?

Just like those nasty Tea Baggers we suppose...

Originally Posted by Boon Mee

Andrew Breitbart told FOX Business tonight that he has emails proving the organizers behind Occupy Wall Street aim to destabilize the American government.

We await the developments on the Breitbart 'scandal'.

Isn't he the one who made the tape at ACORN then edited the videos to make it look like something happened that didn't?

Originally Posted by Boon Mee

Originally Posted by Neo

he's just trolling this thread.

And my stringer is 'bout maxed out!

...w/left wing loons that is...

You seem to be filling it up with Right wing loons,, 53% wtf is that about.?
Maybe they could get some badges printed so Americans can play spot the retard.

READY FOR A WASHING!



Unsanitary Conditions At Protesters' Park

^ dufus. Answer some questions you buffoon! TROLL!!

^
Don't get yer panties in a wad there snub, after all, you got Al Gore on yer side now. One lost cause after another!

Al Gore backs Occupy Wall Street protests - The Hill's E2-Wire