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Occupy Wall Street


ILOTSMYBRAIN

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And one more thing for you to think about. What you want is for the government to step in and control banks. They have that in china, and many economists blame china for the housing collapse in America. The chinese government can print all the money they want and did so to a tune of trillions of US dollars. Then they bought US debt and made it incredibly cheap for american banks to loan out money because of the chinese-caused inflation, which in turn caused the housing bubble, and the housing collapse. The reason why the economic crisis is seemingly over is because China has seemingly halted their inflation.

/oversimplification for TLDR purposes

 

Seriously?

 

Can you post any kind of link to support this? Or how it makes any sense? Who are these economists and where do they work?

 

Our "crisis" isn't over, who actually thinks this?

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I know I have dipped out for a little bit. i have been busy working and what not.

 

This post is bound to stir the pot, but I really have to wonder what you guys think about:

 

The derivatives market, occupy, and the free market (libertarianism)?

 

The current speculation market as it relates to the oil industry and the occupy movement?

 

No matter what I have heard about the "free market" and libertarianism, the occupy movement, and capitalism, I have not heard anything that seems to address the issues that derivatives and the speculation markets cause.

 

When it all comes down to the nuts and bolts of it all, these markets are the cause of numerous problems that are affecting America today, yet no one seems to be addressing them.

 

 

There is a long lasting occupy movement down the street from my work. I have talked to them and asked them about these issues, and it is like talking to grade school students about college issues. They just had no idea about what I was talking about.

 

What do you guys think about this?

 

I know a lot more about this than most of my friends, and you're right...when I start trying to explain it to them they either don't care or don't get it.

 

Just before OWS I was reading up on derivatives, credit default swaps, Fannie Mae and Freddie Mac, how Goldman Sachs/JP Morgan hired quantitative analysts who created the VaR...it's fascinating because all of this was designed and implemented more or less out in the open and hardly anyone tried to stop it.

 

I've recommended the following book before, it's easily the best account written about the 2008 collapse plus you don't need to have a degree in economics to understand it-

 

http://www.amazon.com/All-Devils-Are-Here-Financial/dp/1591843634

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Seriously?

 

Can you post any kind of link to support this? Or how it makes any sense? Who are these economists and where do they work?

 

Our "crisis" isn't over, who actually thinks this?

 

http://www.npr.org/blogs/money/2012/03/02/147826043/the-friday-podcast-chinas-giant-pool-of-money

 

And the housing crisis has been over. Housing prices are quick to fall, slow to rise. Just like gas prices are quick to rise slow to fall. The current economic turmoil is related to Greece lying about their deficit when they joined the EU.

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without capitalism would we not be speaking to each other right now on these computers? you should all be bowing down on your knees saying "thank you capitalism" three times fast while looking at yourself in the mirror .. <-- says my friend lol[/color]

 

The microchip, computer and internet would not have been made possible without massive tax subsidies to the pentagon, so therefore unless you are for state-socialism you cannot use the internet. Same logic, you flipping idiot.

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http://mises.org/daily/2211

 

The invention of such technology started as a military program. Just like planes, rockets, modern cars and motorcycles, text messages, the entire infrastructure of california booming into the 4th largest economy compared to every country in the world....all reactions by the US government to the first and second world war. But the government wasn't the motivator behind invention, it was the first application for those inventions, and what took that technology out of the military and into the hands of the consumer was the free market. America today is still the biggest manufacturer and innovator in the world.

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That couldn't be farther from the truth. As china becomes richer exporting goods from china becomes more expensive. Importing into china begins to look more lucrative. The Chinese people are becoming richer and can afford to buy higher quality foreign goods, so you'll see a much greater level of imports into china from other countries. Also you'll see more manufacturing jobs returning to America from overseas. Any country becoming richer is better for America. This is our game.

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Still. China is a very expensive place to live, despite the common thought that it's a 'cheap' place. $400 jeans are still the order of the day, and people would rather save than spend, it's cultural. They are changing the wage structure to try and increase domestic/internal spending - whilst it hasn't worked so far, if it does, it will change the landscape.

 

I certainly don't discount what you've linked me to.

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http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/01/BAP11NTE3K.DTL

 

Occupy SF marchers take over vacant building

Occupy SF activists put the mostly moribund movement back in the spotlight Sunday, taking over an unoccupied building owned by the Archdiocese of San Francisco with plans to establish a "permanent occupation" that would serve as shelter and a center for services for homeless people.

 

The activists entered the building at 888 Turk St. about 5:45 p.m. Sunday, after a peaceful rally and march from Union Square earlier in the day.

 

About 100 activists and supporters took up residence in the two-story commercial structure, believed to be a former music building of nearby Sacred Heart Cathedral High School and located within sight of archdiocesan headquarters at St. Mary's Cathedral.

 

Police, who had monitored the protesters' actions all day, stood by as protesters entered the building, which had already been opened by other activists. Police spokesman Sgt. Michael Andraychak said the department was "still talking" to the building's owner to determine the next step.

 

Reached late Sunday, archdiocesan spokesman George Wesolek said church officials had decided to ask police not to take any immediate action.

 

"We will revisit the situation in the morning," he said.

 

The well-organized takeover of the structure is the first major undertaking by the Occupy movement in San Francisco since protesters' encampment on the Embarcadero was cleared out by police in December.

 

Challenge to archdiocese

 

It presents a new challenge not just to the building's owners, but also to San Francisco city officials, who now may have to deal with a different kind of encampment and tactic than they did previously. Several U.S. cities and other agencies, notably Oakland and UC Berkeley in the Bay Area, have struggled with their responses to the Occupy protests.

 

Emma Gerould, who identified herself as an Occupy SF spokeswoman, said the protesters were aware the building belonged to the archdiocese and intended to put Catholic officials on the spot.

 

"There is no reason why any building should be vacant when people have no housing," Gerould said. "We ask that the archdiocese do the right thing and allow these services in these buildings."

 

A banner hung from the building quoted the Lord's Prayer: "Give us this day our daily bread, and forgive us our trespasses."

 

In flyers they handed out, activists announced the "grand opening" of the building as the "San Francisco Commune." They immediately began organizing the space inside, designating public and sleeping areas, even setting up a smoking room.

 

Marcher Julia Cheng, 25, of Chicago settled into a spot inside the building, setting up a sleeping bag and hanging a sign reading "Home Sweet Home."

 

"We want to show that housing is unfair because people were lured into predatory loans," she said. "This is like the Second French Revolution all over again."

 

Organizers of the April Fool's Day action had pledged before the event that a vacant building in San Francisco would become the home of a "permanent occupation" and a refuge for homeless people in the city.

 

Before the occupation, more than 300 people marched through the Tenderloin to the Western Addition, playing music, chanting slogans and carrying signs saying "House Keys Not Handcuffs" as police officers looked on and blocked traffic.

 

When marchers reached the building, a two-story commercial structure advertised for lease by HC&M Commercial Properties, they were met by activists dressed in black who had already entered the building and allowed them inside.

 

April Fool's Day action

 

The event, described in a press release as "poor people play April Fool's prank on Union Square," was promoted as part of a supposed 12-city April Fool's Day action designed to "demonstrate poor people's right to exist in public space."

 

Speakers protested laws that keep homeless people from sitting, lying down, hanging out "and - perhaps worst of all - sleeping," organizers said. They said that citations for offenses like these comprised "roughly one-third of all prosecuted offenses in San Francisco at the end of 2011."

 

Paul Boden, one of the organizers, told the crowd at Union Square that area businesses "are targeting poor people as being bad for business. If you ain't shopping, they don't want you around here."

 

Before leaving Union Square, those assembled were joined by a contingent from Occupy Oakland, who arrived on an old AC Transit bus. The bus, decorated with graffiti and fitted with a screen door at its entrance, followed the marchers along the route.

 

The protesters parked the bus in front of the Turk Street building, which is located across the street from a retirement community. As night fell, loud music blared from the back of the bus until police asked the activists to lower the volume, and they complied.

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i wonder what would come about afterward when occupy is over. So many brilliant people from so many places in the same place at the same time intermingling with each other and picking each others brains. What is the over all goal and what steps are being taken to reach those goals besides protesting?

 

 

 

jay-z-russell-simmons-occupy-all-streets.jpg

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I don't know..."occupy" has become the media's generic label for just about any protest since last summer, and that sets up an image in most people's minds of a bunch of kids in tents who are pissed off but not exactly sure why. However, the Gill Tract issue is pretty cut and dried, and from what I can tell everyone seems to share the same intentions and expectations and are willing to work their asses off to make it happen.

 

It's unlike any other occupation I've seen.

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