Nationswide protests-will they spread?

User Forum Topic
Submitted by sunny88 on October 9, 2011 - 5:57pm

Occupy Wall Street protests, now in their 23rd day, are spreading across the country. Protesters have gathered in more than a dozen U.S. cities, from Boston to Chicago to San Diego.

In less than a month, Occupy Wall Street protests have stretched across the country.

As the movement spreads, it has begun targeting more than just greed and social inequality.

I get the sense that the civil unrest will spread further and eventually result in violence. What do you think?

Submitted by CA renter on October 22, 2011 - 11:56pm.

Nor-LA-SD-GUY2 wrote:
To rely on companies to fund a retirement pension these days I think would not work,
They need to establish a National pension plan similar to CALPERS.

And they need a message !!!

WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !!

They already have one, and public employees with CalPERS don't get it. It's called "Social Security."

Submitted by bearishgurl on October 23, 2011 - 9:11am.

CA renter wrote:
Nor-LA-SD-GUY2 wrote:
To rely on companies to fund a retirement pension these days I think would not work,
They need to establish a National pension plan similar to CALPERS.

And they need a message !!!

WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !!

They already have one, and public employees with CalPERS don't get it. It's called "Social Security."

Thank you, CAR . . . LOL!!

Submitted by KSMountain on October 23, 2011 - 9:40am.

pri_dk][quote=jpinpb wrote:

Wouldn't it be convenient if there was a nice clean line that separated the 1% from the other 99?

Let's just ignore reality, and pretend the world is as simple as we'd like it to be.


If you have a married couple, both doctors, wouldn't they be in the "1%"? What about a lady with a successful dessert shop? Isn't just about every professional athlete and entertainer in the "1%"? (or more accurately, the "0.1%"?)

Should we assume that anytime someone has a million or 10 million in the bank those are ill-gotten gains? Maybe we should imprison all those people for their self-evident crimes. Down with the rapacious bourgeoisie! Down with the smug intelligentsia! Let the cultural revolution begin! They're all crooks! I would personally be rich, sitting on the couch eating potato chips, if these people hadn't stolen MY share with their tricksy corporation thingies.

Damn I kind of miss those pies now...
Perhaps I should get a Mao jacket for halloween...

Submitted by Arraya on October 23, 2011 - 10:02am.

Man, late-stage capitalism is going to be interesting.

I hate to break it to you guys but it doesn't fucking matter what you believe but we are a multifaceted, slow motion social train wreck.

It's like you are all in some mass hallucination and can't see the glaringly obvious.

http://www.youtube.com/watch?v=WTHv4exE5...

http://www.youtube.com/watch?v=H61dGxUwo...

Submitted by jpinpb on October 23, 2011 - 10:23am.

Bank Of America and its $75 trillion in derivatives bets.

I just honestly don't know how anybody can be okay w/this.

Submitted by KSMountain on October 23, 2011 - 10:43am.

Arraya wrote:
Man, late-stage capitalism is going to be interesting.

I hate to break it to you guys but it doesn't fucking matter what you believe but we are a multifaceted, slow motion social train wreck.

It's like you are all in some mass hallucination and can't see the glaringly obvious.

http://www.youtube.com/watch?v=WTHv4exE5...

http://www.youtube.com/watch?v=H61dGxUwoPY&feature=colike


Lee Camp will be disappointed.

Submitted by KSMountain on October 23, 2011 - 11:02am.

jpinpb wrote:
Bank Of America and its $75 trillion in derivatives bets.

I just honestly don't know how anybody can be okay w/this.


Do a little research into "hedging" and you might be less concerned. Not all those $75T are bet in the same direction, nor on the same thing. If it even is $75T. The speaker cited no sources whatsoever.

How about a little reality, boring as it is:
http://en.wikipedia.org/wiki/Troubled_As...

"The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion. By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion."

$19 billion is flysh*t. It's roughly $60 from each of us. Compare that to the cost of say the prescription drug benefit.

Submitted by CA renter on October 23, 2011 - 5:43pm.

KSMountain wrote:
jpinpb wrote:
Bank Of America and its $75 trillion in derivatives bets.

I just honestly don't know how anybody can be okay w/this.


Do a little research into "hedging" and you might be less concerned. Not all those $75T are bet in the same direction, nor on the same thing. If it even is $75T. The speaker cited no sources whatsoever.

How about a little reality, boring as it is:
http://en.wikipedia.org/wiki/Troubled_As...

"The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion. By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion."

$19 billion is flysh*t. It's roughly $60 from each of us. Compare that to the cost of say the prescription drug benefit.

-----------

We've already seen what counterparty risk can do to derivatives. Do we really need more of that? These types of derivatives are used to mask the real price of assets, and greatly increase risk in the process.

As far as "bailouts" are concerned, TARP is only the tip of the iceburg.

How much is being taken from elderly people (and others on fixed income) every single month -- for years now -- via the Fed's manipulation of interest rates?

How much will taxpayers lose on bad mortgages that were refi'd from private lenders to govt-backed lenders?

How much will taxpayers end up paying through the FDIC (we are nowhere near done with bank failures, IMHO).

How much purchasing power have wage earners lost as the Fed/Treasury pumped more money into the system to prop up asset owners at the expense of those who earn wages or live on fixed income?

How much have taxpayers paid via extended unemployment and other benefits -- which was caused by the boom-bust cycle of the Fed and the "capital gains" crew?

How much have taxpayers lost because of backdoor deals between govt choosen private parties who have been given assets for 17 cents on the dollar (worth about 40-60 cents)?

The list goes on and on... TARP is being used as a distraction from the real damage that has been done by the financial elite. Time to rein them in.

Submitted by sdrealtor on October 24, 2011 - 12:20am.

Just got back into town. Are the still Occupying Encinitas?

Submitted by CA renter on October 24, 2011 - 1:00am.

sdrealtor wrote:
Just got back into town. Are the still Occupying Encinitas?

Yep! :)

Submitted by sdrealtor on October 24, 2011 - 9:29am.

Where are they would like to go check their camp out?

Submitted by jpinpb on October 24, 2011 - 9:40am.

I understand they are demonstrating at the corner of Encinitas Blvd and Hwy 101 on Saturday, October 29 around noon. Not sure if there are overnight campers up in your Nirvana. But they seem to have regular rallies.

Submitted by Coronita on October 24, 2011 - 9:43am.

Dow's at 11866... getting closer to 12,000... Then we can get back to the normally scheduled program...

Submitted by sdrealtor on October 24, 2011 - 11:01am.

jpinpb wrote:
I understand they are demonstrating at the corner of Encinitas Blvd and Hwy 101 on Saturday, October 29 around noon. Not sure if there are overnight campers up in your Nirvana. But they seem to have regular rallies.

Sounds as I expected. Regular rallies does not equal occupying. They had bigger opposition to F Street book store opening on the 101.

Submitted by briansd1 on October 24, 2011 - 1:11pm.

Arraya wrote:
Man, late-stage capitalism is going to be interesting.

I hate to break it to you guys but it doesn't fucking matter what you believe but we are a multifaceted, slow motion social train wreck.

It's like you are all in some mass hallucination and can't see the glaringly obvious.

Well, every society eventually declines and collapses. The business model of the Roman Empire eventually ran out steam.

Perhaps humanity as a whole is on a slow motion train wreck.
http://www.nytimes.com/2011/10/24/opinio...

Submitted by an on October 24, 2011 - 1:28pm.

flu wrote:
Dow's at 11866... getting closer to 12,000... Then we can get back to the normally scheduled program...

11913 at close today.

Submitted by briansd1 on October 24, 2011 - 1:58pm.

AN wrote:

11913 at close today.

I doubt the people camping out care about the Dow.

I believe among younger people in the middle class and in the establishment, there is support for reform and sympathy for the protesters.

Submitted by UCGal on October 24, 2011 - 3:37pm.

AN wrote:
flu wrote:
Dow's at 11866... getting closer to 12,000... Then we can get back to the normally scheduled program...

11913 at close today.

The stock market is not the same as the economy. Too many people confuse or conflate the two.

Submitted by an on October 25, 2011 - 1:48pm.

Looks like there are a few more people joining the 1% group: http://money.cnn.com/2011/10/25/pf/Ameri...

$2k/night * 5 nights/week * 52 weeks = $520k/year. That's definitely deep in the 1% range.

Submitted by patientrenter on October 25, 2011 - 5:30pm.

CA renter wrote:
......
As far as "bailouts" are concerned, TARP is only the tip of the iceburg.

How much is being taken from elderly people (and others on fixed income) every single month -- for years now -- via the Fed's manipulation of interest rates?

How much will taxpayers lose on bad mortgages that were refi'd from private lenders to govt-backed lenders?

How much will taxpayers end up paying through the FDIC (we are nowhere near done with bank failures, IMHO).

How much purchasing power have wage earners lost as the Fed/Treasury pumped more money into the system to prop up asset owners at the expense of those who earn wages or live on fixed income?

How much have taxpayers paid via extended unemployment and other benefits -- which was caused by the boom-bust cycle of the Fed and the "capital gains" crew?

How much have taxpayers lost because of backdoor deals between govt choosen private parties who have been given assets for 17 cents on the dollar (worth about 40-60 cents)?

The list goes on and on... TARP is being used as a distraction from the real damage that has been done by the financial elite. Time to rein them in.

This sums it up as well as I've seen it done anywhere. The TARP was just the short-term measure until the Fed's printing of trillions could kick in. Once the Fed got going, the TARP money could be given back, leading to the illusion of little or no cost.

Submitted by Coronita on October 25, 2011 - 7:27pm.

UCGal wrote:
AN wrote:
flu wrote:
Dow's at 11866... getting closer to 12,000... Then we can get back to the normally scheduled program...

11913 at close today.

The stock market is not the same as the economy. Too many people confuse or conflate the two.

Trust me. I'm not confused. But I guarantee if people's 401k go back up, people won't be nearly as pissed.

Submitted by jstoesz on October 26, 2011 - 11:08pm.

This is from the latest CBO report. Thought you all might find this interesting.

"The composition of income for the 1 percent of the population with the highest income changed significantly from 1979 to 2007, as the shares from labor and business income increased and the share of income represented by capital income decreased. That pattern is consistent with a longer-term trend: Over the entire 20th century, labor income has become a larger share of income for high-income taxpayers, while capital income has declined as a share of their income."

Submitted by Coronita on October 27, 2011 - 6:35am.

dow's up above 12,000...

Your 401k's are in positive territory again for this year, OWS protestors.

Time to go home....

:)

Submitted by Coronita on October 27, 2011 - 6:42am.
Submitted by KSMountain on October 28, 2011 - 12:53am.

flu wrote:
Uh oh...

http://the53.tumblr.com/

What a great site.

Submitted by CA renter on October 30, 2011 - 3:39am.

This article explains well why we're in the predicament we're in.

http://www.businessinsider.com/what-wall...

----------------

It also lays out where the dividing line is. It's not the imaginary line being drawn between public and private workers -- the tool being used by the top 1% to pit worker against worker in order to weaken us and distract us from the true causes of our social and economic decay. The real division lies between labor and capital. Always has, and always will.

"In other words, in the never-ending tug-of-war between "labor" and "capital," there has rarely—if ever—been a time when "capital" was so clearly winning."

Submitted by Arraya on October 30, 2011 - 3:23pm.
Submitted by CA renter on October 30, 2011 - 4:58pm.

Arraya wrote:
http://www.youtube.com/watch?v=qOP2V_np2c0

Brilliant! Thank you, Arraya.

Submitted by svelte on October 30, 2011 - 7:03pm.

Yes, that was excellent Arraya. Loved it.

I wish I knew the answer too. Or better yet, I wish we were implementing a solution right now as we speak.

Submitted by CA renter on October 30, 2011 - 8:53pm.

svelte wrote:
Yes, that was excellent Arraya. Loved it.

I wish I knew the answer too. Or better yet, I wish we were implementing a solution right now as we speak.

I think this guy is at least trying to address some of the most important issues facing our country (tax and trade policies) vs. the standard "talking points" used by the typical, bought, "Two-Party" candidates.

http://video.cnbc.com/gallery/?video=300...

The fact that he talks about the REAL issues is why he has no chance unless "We the People" get behind him.

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