Occupy Wallstreet - What do you think?

Posted By: Pappenheimer

Occupy Wallstreet - What do you think? - 10/19/11 18:37

Hi, I'm quite excited about what is going on on the streets worldwide.
I sort of missed that the last Saturday was full of demostrations in different towns of quite a number of countries.
The Occupy Wallstreet movement was inspired by demonstrations in the North African nations,
and more and more people are going to demonstrate for 'more democracy now' and against the influence of the big money.

Next Saturday other demonstrations are following, as far as I heard, in my town, as well.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/19/11 21:28

These people hardly know what they're protesting, if that.

Civil unrest of this calibre is just an opportunity for government upheaval, and unfortunately, most upheavals do not end well, especially for countries like the USA which (if you take a quick look at history) can only get worse at this point.

Suffice to say that I don't support this in any stretch of the imagination.

EDIT: Considering how long this has been going on I'm surprised it took this long for it to become a topic of discussion on these forums.

I'm also already regretting this post, as I'm sure that in just a few hours I'll have a few negative replies from the other end of the ideological spectrum to deal with. -.-
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/19/11 22:03

I know what I protest, because I observed political tendencies since my youth thirty years ago.
It got worse than we were able to expect.
I know I protest against the loss of fundamental political control standards called 'seperation of powers'.
And I know that many people actually know what they are protesting against,
although it is a complex mix of indvidual situations and the political/financial evolutions of the last years/decades!

So I don't care f.i. whether the young people in Spain demonstrate because of fifty percent of unemployment among them,
or whether they demonstrate because they are disgusted by the irresponsible gambling of the banks.
Both is connected. And, maybe, there is the chance to re-establish functioning democracy and constitutionality.

It is the chance to point the way with like-minded people - and such chances are rare in history, so we have to grab them when they come.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/19/11 22:26

You bring up real problems. No one denies that those in power are sometimes reckless and irresponsible. But at the same time, you bring up no potential solutions. This entire campaign is completely uncoordinated, and it can only succeed in creating civil unrest as I mentioned.

The people who engage in this are just asking for some totalitarian regime to come and "liberate them." That's exactly how the Soviets took over Russia, and its exactly how the Nazis took over Germany. Pander to the unhappy masses, come to power, dominate. It's a simple, foolproof way to become the world's next dictator of terror.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/19/11 22:39

Just a link for the Germans:
http://www.wdr.de/tv/monitor/sendungen/2011/0825/bruessel.php5

EDIT:

Additional links (German):
http://www.tagesschau.de/multimedia/sendung/tt3438.html

https://www.attac.de/aktuell/eurokrise/online-appell/

Sorry, Redeemer, I'm quite clumpsy discussing political issues in english.

Originally Posted By: Redeemer
You bring up real problems. No one denies that those in power are sometimes reckless and irresponsible. But at the same time, you bring up no potential solutions.


That's not the case anymore:
By this time those in power follow already the proposals of the financial lobbyists continuesly(!)
(not just from time to time),
and it seems that this can be observed in the USA and in Europe about several years now.

Here a movie about the crash in 2008:
http://www.zerohedge.com/article/watch-inside-job-wall-street-horror-movie-free-0
I can't say how much of that what I've seen in this movie is correct,
so I'm curious about what you - and others - confirm or deny.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/19/11 23:12

im in the middle. i think the people who know what they want and have the brainpower to put together a well purposed well organized demonstration are to busy with real life, which leaves a lot of people who dont know what the hell they are talking about to vouch for the large amount of us who do have real issues with wall street.

Its like the 2 distinct type of legalized marijauna supporters out there:

The well put together one with facts, information, and is successful but just uses it recreationally
VS
The crazy hippy stoners that ramble on about a couple of things they know about cannabis followed with the with the incessant use of the words "yeah,man"

This really creates a problem because the media and more importantly the opposition pays attention to the latter of the two and then we all suffer from it.

It really is a fitting analogy.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/19/11 23:28

lostclimate, is this an argument against following this movement?
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/19/11 23:38

Originally Posted By: Pappenheimer
Sorry, Redeemer, I'm quite clumpsy discussing political issues in english.

No problem! laugh I'm actually pleased that this discussion hasn't already taken a turn for the worse.

Originally Posted By: Pappenheimer
By this time those in power follow already the proposals of the financial lobbyists continuesly(!)

I can't say I agree with this. In a recent statement, President Obama (in his attempt to find support for his jobs bill) said that he supported the Occupy Wallstreet movement. Unsurprisingly, the Communist and Nazi parties in America approved of his statement. This can't be a coincidence.

Incidentally, when America was formed there were a number of requirements to becoming a voting citizen. You had to be male, own your own property (that doesn't include rented/leased/mortgaged property) and be of a certain upper class of people. Basically, you had to be someone of influence and power. The reason this was done was to prevent mob rule, whereby the ignorant, uncoordinated masses work together to topple the government, only to be taken advantage of and subsequently subverted by would-be dictators.

Originally Posted By: lostclimate
i think the people who know what they want and have the brainpower to put together a well purposed well organized demonstration are to busy with real life, which leaves a lot of people who dont know what the hell they are talking about to vouch for the large amount of us who do have real issues with wall street.

You bring up a good point, LC. There is a "great silent majority," as LBJ put, who do not stand very far towards either end of the political spectrum. Many times we are represented in government by the extremists.

However, trouble can arise when the entire majority makes a political shift. Which direction the shift must occur in before trouble sets in is a very debatable topic that I wouldn't want to involve myself in in the slightest.
Posted By: Sajeth

Re: Occupy Wallstreet - What do you think? - 10/20/11 16:52

Kids in 300$ jeans are protesting the rich because they only got an iPhone 3GS for birthday instead of a 4S.
It is not about a change of society, about finding new values, about giving and helping, it is envy. Just like some people hate their neighbours because of their more expensive cars, janitors hate the professors because they get more appreciation and nerds hate the football players because they get more pussy.
"Why do I need to work for what I want and those people dont? Fuck 'em!"
The only difference to the neighbours, janitors and nerds is that you'll find far more people who are hating on "the rich". Living in warm houses, eating three times a day, having access to medical care, being able to waste their time on the internet, but "we are the 99%". This is not about politics, it's about ingratitude and greed.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/20/11 17:31

Sorry, are you trolling? - Do you read? Do you know anything about what you are talking about? Where are those rich in 300$ jeans within your neighbourhood?
I don't even _know_ anyone who even considers to buy such expencive clothes.
BTW, it is not about what they _still_ have, but about that they can't expect to find any job!(That's completely unrelated to any envy...)

Honestly, what are you talking about?
Posted By: WretchedSid

Re: Occupy Wallstreet - What do you think? - 10/20/11 17:34

http://9gag.com/gag/381141
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/20/11 17:52

Originally Posted By: Sajeth
Kids in 300$ jeans are protesting the rich because they only got an iPhone 3GS for birthday instead of a 4S.
It is not about a change of society, about finding new values, about giving and helping, it is envy. Just like some people hate their neighbou.rs because of their more expensive cars, janitors hate the professors because they get more appreciation and nerds hate the football players because they get more pussy.
"Why do I need to work for what I want and those people dont? Fuck 'em!"
The only difference to the neighbours, janitors and nerds is that you'll find far more people who are hating on "the rich". Living in warm houses, eating three times a day, having access to medical care, being able to waste their time on the internet, but "we are the 99%". This is not about politics, it's about ingratitude and greed.
Haha haha...ha.ha..ha.....:( you come to bay city, MI where I live and try to find employment with a full resume....of freelance game design.... Then tell me that people complaining here are all only whiney kids.

@pappenhiemer - I'm saying I don't like what I'm seeing on tv.... But I think there is legitimate reason for protest.....they just don't apparently know what it is.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/20/11 18:33

Sid, that is the best comment I could think of on what Sajeth said.

Originally Posted By: lostclimate
...they just don't apparently know what it is.

lostclimate, I don't understand, what you mean by that.
I think at a start point it is sufficient
that they know that they are cheated by the bankers,
and that they are against cheating,
and that the bankers have to pay.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/20/11 18:47

yes, but a protest is about a directed issue. The general "you broke the economy" thing simply isnt true. our economy was shredded by all of us. when instead of 15 years ago marching like this and saying to the federal bank "stop handing out loans hand over foot"... we just took the money and spent it. The only way for us to fix it is to stop over spending, but unless they have a list and some formal research done as to specific possible solutions in a somewhat professional manner, nothing is going to even get through.
Posted By: Sajeth

Re: Occupy Wallstreet - What do you think? - 10/20/11 19:21

Originally Posted By: lostclimate
you come to bay city, MI where I live and try to find employment with a full resume....of freelance game design....

Although I feel sorry for you, you can't blame others for your mistakes. Freelance game design is a hobby, not a profession.

Ever been to a country where "we have nothing left" really means having nothing left? I'm not saying you need to take all the bullshit the government and financial elite is throwing at you. But you won't change anything this way. All those people got what they asked for.

The change needs to come from the people themselves - but as long as society's values don't change, society can't change the economy. They got you right by your balls; at 11am you're out protesting, at 1pm you're sitting at McDonald's, at 2pm you're playing with your iPhones, at 3pm you're drinking Coca Cola while watching TV...
Occupy, my ass.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/20/11 20:13

+1 to everything Sajeth says.
Posted By: Germanunkol

Re: Occupy Wallstreet - What do you think? - 10/20/11 20:39

Quote:
The change needs to come from the people themselves

... and that is exactly what's happening at occupy wall street. A wide-spread opinion is finally getting out into the public. Just by the response you see all over the world, we should see that something's happening.

I agree that formulating their points would indeed give them more of an argument and make it seem more important, but I'm just glad that there's finally large protests in the one country which has been exporting this type of capitalism for decades.

And, redeemer: uh... no. I don't see how protesting for better democracy and against a strong lobby from the financial sector will clear the path for another Nazi or Soviet regime.


One point they make which I find very important is the huge influence the lobbyists have directly on politics. The video posted by Pappenheimer showed in a nice way: They invite the richest bankers to decide how the economy should work, but I never heard anything about them inviting any poor people when they were discussing and changing the social programs Germany has, last year.

That's just not what democracy is about, and I believe that's pretty much essence of OWS' message.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/20/11 21:12

Originally Posted By: Germanunkol
I don't see how protesting for better democracy and against a strong lobby from the financial sector will clear the path for another Nazi or Soviet regime.

You make their argument seem a lot more poignant than it actually is. I'm willing to bet that 90% of those involved in the Occupy Wallstreet movement don't have a clue what they're complaining about. All they are doing is encouraging civil unrest, violence and a general defacement of private property. Last time I checked, those things don't stimulate economies.

And actually, this is exactly the path Germany had taken when the Nazi regime came to be. The only difference is that their people had a right to be angry. Following World War I Germany was in a state of total economic collapse, largely because of the Versailles treaty. The incredible rate of inflation at the time made the Mark worth almost less than the paper it was printed on. When civil unrest rose to a boiling point, the Nazi party swooped in. They promised food to the masses, guaranteed a renewed economy, and preached a message of Aryan superiority. The rest is of course history.

Now obviously it hasn't gotten nearly that bad in America at all. In fact, life is quite livable here in the States. But as Sajeth put it, first world people are spoiled, and it could take a lot less to set us off than it did the people in Germany during the '30s. That said, if the Occupy Wallstreet movement was just a little bit bigger and a little more influential, all we would need is a would-be dictator in sheep's clothing.

Oh yeah, didn't I already mention that the Nazi and Socialist parties already support the Wallstreet movement as well?

EDIT: One more thing: you mentioned that no one ever asks the poor man how to run an economy. That is simply because the poor man doesn't know and doesn't care. All he cares about is his own wellbeing.

As I said already, America was originally set up so that you had to be a person of influence even just to vote. The reasoning behind those restrictions was that the rich man cares a lot more about the economy than the poor man does, since he has a bigger stake in it. Rich people also tend to be more informed.

Now let me be clear: injustice against the poor does exist. It really does, and I'm not arguing otherwise. But to give the reins of government over to the masses is simply not the answer.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/20/11 22:33

+1 to everything Germanunkol says! wink

@ Redeemer and Sajeth:
Don't take your personal experiences
in your limited environment as the status quo of the society.
It simply isn't. Its just a small part of it.
Please take a look at statistics, or, if you don't mind,
have at least a look into the links, I've posted.
You don't have to believe it, but at least try to understand what it is about.

Your understandings of what a movement is are a bit off.
A movement isn't about making sacrifices, as Sajeth suggests,
it is about trying to get influence.
And, trying to get influence doesn't mean to take over the government,
it simply means to participate in decisions,
and support politicians who already care for those issues.

Redeemer,
it is cute that you believe in the competence and integrity of rich people,
but it became quite obviously in 2008 that the rich have been competent
in committing frauds and in scrapping regulations of the financial market
that have been implemented because of an economical breakdown.
It is obvious that they took care for the own private wellbeing,
but didn't care at all for the general worldwide concequences of their doings.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/21/11 00:07

Originally Posted By: Pappenheimer
it is cute that you believe in the competence and integrity of rich people

There is indeed much more hypocrisy in the Occupy Wallstreet movement than you're willing to admit, but I find it hard to argue with someone who says such condescending things. I do not believe that the rich are immune to folly, and I am well aware of the bank crisis of 2008. But the state of the American economy, while poor, is not at an all time low, and generally speaking the protesters are blowing their own problems completely out of proportion.

Not all of the current economic problems are the fault of the rich.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/21/11 01:22

The 'cute' was indeed meant to needle you!

Some time ago I would have partly agreed to you, but one has to ignore a whole lot of information
about the new habits of the financial sector within the last two decades
when saying that's all about the usual aberrations.

Let's talk about Greek as an example - it is not all about Wallstreet, but about the influence and the responsibilities of the financial sector generally:
Although, I have no doubt about maladministration in Greek, the 'heeling' 'prescription' makes economically no sense, it is a downward spiral, that ruins the economy of their nation, means no income for the government, means no chance of recovery for the national budget.
And this is all, because it is still the financial elite instead of the economical experts of the governmanet who decide about what the governments do in Europe.
(There is one link in one of my posts to a video about the decisions in the Europe parliament - unfortunately in German)

I don't get the necessity to talk about 'hypocrisis' of the protestants.
Did I miss something? Are you hypocritical when you take action
to show that you are against certain evolutions within your society?

Quote:

Not all of the current economic problems are the fault of the rich.

Sure, but if those responsible would have done their job and would have regulated the financial sector as it was meant by law
- we wouldn't even talk about the rich, but about other faults - because we had one problem less, right?
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/21/11 03:41

Rich!= more financially responsible. A lot of the worlds wealth is tied up in "old money" laugh
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/21/11 13:57

Originally Posted By: Pappenheimer
The 'cute' was indeed meant to needle you!

Thanks.

Originally Posted By: lostclimate
Rich!= more financially responsible. A lot of the worlds wealth is tied up in "old money"

I agree with the latter half of your post but if the former is true could you explain the reasoning behind America's original voting restrictions?

Originally Posted By: Pappenheimer
And this is all, because it is still the financial elite instead of the economical experts of the governmanet who decide about what the governments do in Europe.

Actually, Greece is crying because its government is trying to give its people benefits which it simply can't afford.

Originally Posted By: Pappenheimer
Are you hypocritical when you take action
to show that you are against certain evolutions within your society?

Only if that action includes sitting around on the streets all day shouting obscenities, obstructing law enforcement, and defacing property.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/21/11 15:11

You wanna explain why black people and females couldn't vote either? And actually many of the "founding fathers"believed that the rich shouldn't control everything. That's why george washington washington refused both high pay and to stay in the white house when he originally became president.
Posted By: AlbertoT

Re: Occupy Wallstreet - What do you think? - 10/21/11 19:07

I read a book about the 2009 financial crisis
In the last 200 years most financial crises were the responsability of the USA
People must put a stop to the wild american capitalism
Posted By: JibbSmart

Re: Occupy Wallstreet - What do you think? - 10/21/11 21:55

I was in Australia for the bulk of the crisis, and we came out of it really well. I'm now in Canada, which is doing quite well.

I see the "99%" complaining a lot. And a lot of it is "We're poor! Life is hard! Share your hard-earned wealth with us!" But at least that's getting some numbers behind a good cause, which is (or should be) the crux of Occupy Wall Street: the excessively rich were stupidly greedy, took down the US economy, and put a ridiculous amount of people who were content to work hard for their small portion out of work. Put laws in place to prevent this.

Those affected by the crisis have every right to be angry, because it's not something that just happens. Rich people stuffing up shouldn't ruin things for the other 99%.

So good on 'em. On the other hand, I think things like "Occupy Toronto" and the other copy-protests around the world are varying degrees of ridiculous -- they are indeed just not-so-rich people complaining that they're not-so-rich. Some of them might "get it", but they're way out of the way of those they're protesting against. Even if they focus on other economic issues, a lot of them are in a far better state than the US.

Browsing "we are the 99 percent" photos, it's amazing how almost everyone I saw who had a degree but was unemployed had an Arts degree. It could be a BA, or even a MFA. Perhaps it lends credence to the idea that Arts degrees are the least employable without something else on top of them (or there could be other reasons), but I couldn't help but think "You got an Arts degree. Surely you planned to be unemployed."
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/22/11 09:43

Let's try to sort it this way:


Politics are about power,

its about balancing of power, and its about distribution of power.
Democracy and separation of power are the result within modern society, not only because it is the most fair system but because it is the most efficient system - the latter is often ignored, because people are fed up with current disfunctions, not being aware of the extrem disfunctions of other political systems.


That said, a movement

- and that's what those demonstrations worldwide are - is a political action - even, if there are a lot of people participating that argue from their personal situation.
If you want to achieve a certain political goal, you can't be picky on what people are collaborating with you within your group, whether it is a party or a movement. You can try to establish certain agreements f.i. about to act within the laws, or to act even against laws but without violence as the legendary Indian movement with Gandhi did. But you can't tie those agreements too close.


'Hypocritical'

is probably an unavoidable blame of any political action. I don't see anything hypocritical in the Wallstreet movement that hasn't been surpassed by the financial authorities multiple times, that's why I think it is misplaced to blame them for that, although I understand that you are sort of disgusted.
There are many politicions that are elected for doing a job for the community who are hypocritical in the most things they proclaim, but even those politicians who are honestly anxious to serve the community are not immune against the blame of being hypocritical in one or another perspective.
You can accuse all western democracies that they claim rights within their own countries that they are completely ignoring in their habit against african people or other nations that don't have the economical power to force them to respect their rights.
You can accuse anyone to ignore other social wrongs or whatever when fighting only for one, if you ignore the fact that nobody can fight for more than a few closely connected political goals at once.


The original voting restrictions of the USA

are results of the historical situation of power. Such agreement on the regulations of power is based on the current balance of powers of those who decide about that agreement. Means, a historically installed rule doesn't say anything about the value of that rule in other times and in other social circumstances.
Posted By: Error014

Re: Occupy Wallstreet - What do you think? - 10/23/11 14:50

I'll just quickly leave this here: What Wall Street Protestors are so angry about, made by the guys who also run Information Is Beautiful.

Despite my hate for those picture gallery-kind of deals, they have numbers to back up their claims, and they source them, too. A refreshing change of all the random "I BET NINETY PERCENT DON'T KNOW WHAT THEY TALK ABOUT" in here.
Posted By: fogman

Re: Occupy Wallstreet - What do you think? - 10/23/11 15:09

Quote:
Freelance game design is a hobby, not a profession


Sounds like your personal self fulfilling prophecy.
Some people are highly successful with professional freelance game design:

http://www.falkoloeffler.com/computerspiele/
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/23/11 17:11

Thank you fogman, didn't really know how to reply to that without sounding like I wanted to start an argument ot:)
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/29/11 14:06

Thanks for Error014 for the link to the statistic data.

I have been on a meeting in my town today, in Bielefeld.
There have been about 100-200 people, and those people were quite aware what they are demonstrating for.
This is not much, but I didn't expect more people there for now.

Nonetheless, two way more important protests are next Saturday in Frankfurt and Berlin.

EDIT:
Short commentary on being a freelance artist:
The example that fogman posted is a person who comes from 'within the industry' and IMo that's an important base to start from when you want to make a living as a freelance.
IMO, you have to establish a standing within the industry to call yourself a freelance artist, otherwise you are missing a proof that you are actually can do it... Just my two cents.
Posted By: Sajeth

Re: Occupy Wallstreet - What do you think? - 10/29/11 19:04

Originally Posted By: fogman
Some people are highly successful with professional freelance game design:

...or with playing poker or playing for the national soccer team. Still doesn't qualify as a serious profession - it's not the government that did something wrong when you fail at being a "freelance game designer"/professional poker/soccer player, but YOU.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/29/11 21:29

Who said fail anywhere? I lived off my game design and paid my parents rent as well from 16-21 years old. I only was looking fire something not so time consuming while I went to school. And if that bailout money was given to small businesses they hire more instead of putting all that money into bank exec's bonuses. And the bailouts them selves wouldn't have been needed if the federal reserve hadn't inflated the economy by encouraging sub prime loans for years and years with little reason to believe theyd get returns.
Posted By: ventilator

Re: Occupy Wallstreet - What do you think? - 10/31/11 16:06

http://derstandard.at/1319181653774/Vide...lismus-Kritiker
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/31/11 17:47

Sehr schön! laugh
The link that ventilator posted is German, but there is mentioned that there have been some well known scholars and Nobel Prize Winners like Judith Butler and Slavoy Zizek, Benjamin Barbar, Richard Sennett, Kalle Lasn, Paul Krugman, Joseph Stiglitz who each in a different way supported Occupy Wallstreet.
I only know some articles and youtube videos of Zizek, he is a very interesting man, and it is fun to hear or read his rants or lectures, although it isn't easy theory.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/31/11 22:01

More a link for the Fun Thread, but the theme is Wallstreet! grin
Here you go:
http://thejobmouse.com/2011/10/28/we-are-wall-street-wall-street-strikes-back/
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 10/31/11 22:13

Originally Posted By: lostclimate
Who said fail anywhere? I lived off my game design and paid my parents rent as well from 16-21 years old.

Regardless of whether or not you "succeed" at being a freelance game designer (which can mean a multitude of things in and of itself), whether or not society values your ability is something else entirely. No one person, whether he's a government official or a business exec, can change the fact that not many people want your abilities.

EDIT: I guess I have a few more things to say.

Originally Posted By: Pappenheimer
The original voting restrictions of the USA

are results of the historical situation of power. Such agreement on the regulations of power is based on the current balance of powers of those who decide about that agreement. Means, a historically installed rule doesn't say anything about the value of that rule in other times and in other social circumstances.

Didn't end up reading this until now, but nevertheless...

I see that both you and LC totally missed my point, because I do agree with this. When I brought up the US voting restrictions, I wasn't suggesting that we bring them back exactly as they were, but I did suggest that we bring back the principles that drove them, that being that the educated upper class should be separated from the lower class in terms of political power and opportunity.

Originally Posted By: lostclimate
You wanna explain why black people and females couldn't vote either?

Sure thing. At the time they were uneducated lower class people. It was, at the time, next to impossible for them to succeed on their own.

The restrictions were never a racism/sexism thing, although some people make them out to be. They existed because of the social circumstances at the time, as Pappenheimer said, and they were quite appropriate for their time. Another fact that many people don't talk about is that after slavery was abolished in the southern states, many former slaves were put into government positions as part of an effort to "mix up the pot" and desegregate the south. The result was unsatisfactory as the uneducated and unsophisticated began "running the government" (read: sitting on their porches with chickens all day). The situation was almost laughable, and rightfully so.

That sounds racist but it's not. I do not speak of them of that way because of their color, but because they were unfit for office. In fact, I applaud modern day African Americans who lead successful lives. I think of them as being no different than anyone else. Long story short: don't pull the race card on me.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/31/11 22:35

Yeah, but its not advertised as game design just mostly what I've done. I do a lot of other stuff, so I usually class it it under programming and software prototyping.is think that it'd show ambition. I mean its not like there is a trade school for third shift stock at kmart, so I'd think running a software prototyping business for 5 years would be sufficient work background for such an insignificant job.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 10/31/11 23:14

Originally Posted By: Redeemer

I see that both you and LC totally missed my point, because I do agree with this. When I brought up the US voting restrictions, I wasn't suggesting that we bring them back exactly as they were, but I did suggest that we bring back the principles that drove them, that being that the educated upper class should be separated from the lower class in terms of political power and opportunity.

The principle of democracy is that all people can participate in political decisions, because they are affected by them. Democracy is the form of governing at present, because each elite - regardless of how well educated they were - failed to see the needs of the rest of their society, and thus failed to keep their supremacy.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 10/31/11 23:33

Yeah, but its not advertised as game design just mostly what I've done. I do a lot of other stuff, so I usually class it it under programming and software prototyping.is think that it'd show ambition. I mean its not like there is a trade school for third shift stock at kmart, so I'd think running a software prototyping business for 5 years would be sufficient work background for such an insignificant job.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 11/01/11 01:17

Originally Posted By: Pappenheimer
The principle of democracy is that all people can participate in political decisions, because they are affected by them. Democracy is the form of governing at present, because each elite - regardless of how well educated they were - failed to see the needs of the rest of their society, and thus failed to keep their supremacy.

But that's just it, America isn't a total democracy. There are many key democratic principles embedded in our constitution but the greater part of our government resembles (even more so in the past) a republic, where classes do exist and power is divided unequally.

Originally Posted By: lostclimate
I'd think running a software prototyping business for 5 years would be sufficient work background for such an insignificant job.

It certainly is frustrating but unfortunately in this day and age credentials are the deciding factor on your level of employment, not skill. I fully understand your sentiment and I do feel sorry for you; in other words, the system is screwed up. I'm only saying two things: 1) that you should've been aware of this before you got into this kind of work, and 2) that although the system is not fair, I don't believe protesting it will get much (if any) good done... and as I said, I just don't want to affiliate myself with this movement.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 11/02/11 01:53

well thats pretty much been my sentiment all along. people who are actually looking for work are far too busy with drum circles. I think the wrong people are going about this the wrong way.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 11/02/11 07:58

Originally Posted By: lostclimate
people who are actually looking for work are far too busy with drum circles.

I'm not sure whether I understand this sentence.
Do you mean thatpeople who are actually looking for work are far too busy to participate in a movement like Occupy?

If so, you don't realize the degree of unemployment.

I try to illustrate it from a different point:
a friend is independent entrepreneur, his business melt down from about 10 employers to one, and now he is on his own.
He is looking for someone who can do some programming, only a few hours a week.
When I told him, he could ask at the lokal employment agency, he said that he doesn't want to remind them that he exists because when they remember him, they will send him tons of candidacies, even later when he doesn't ask.

Got it?

Why is it impossible to understand that if there are not enough jobs that there are people who won't get a job, whatever they try to do?

@ Redeemer:
Isn't it depressing to believe that the crowd of one of the wealthiest nations of the world is not educated enough to participate in democracy? Is the education system of the USA actually that bad?

And, why are you expecting any good from the decisions of the 'educated and rich', while you can read in 'educated' and investigative newpapers that it was their work of the last twenty years that evoke the crises?
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 11/03/11 20:25

Originally Posted By: Pappenheimer
If so, you don't realize the degree of unemployment.

I think you overestimate it. Unemployment is at a high right now that was only last seen in the '80s. Truly, this is the worst we've seen in a while. But that doesn't mean that we're experiencing another huge depression. Unemployment almost never drops below 4%.

Originally Posted By: Pappenheimer
Why is it impossible to understand that if there are not enough jobs that there are people who won't get a job, whatever they try to do?

If that were the case, they would be truly destitute. They could not buy their own food or their own clothes, and they could not afford shelter. Yet for the majority of those in the Occupy movement, that is not the case. As Sajeth pointed out:
Originally Posted By: Sajeth
11am you're out protesting, at 1pm you're sitting at McDonald's, at 2pm you're playing with your iPhones, at 3pm you're drinking Coca Cola while watching TV...
Occupy, my ass.


Originally Posted By: Pappenheimer
Isn't it depressing to believe that the crowd of one of the wealthiest nations of the world is not educated enough to participate in democracy? Is the education system of the USA actually that bad?

Yes.

Originally Posted By: Pappenheimer
And, why are you expecting any good from the decisions of the 'educated and rich', while you can read in 'educated' and investigative newpapers that it was their work of the last twenty years that evoke the crises?

Haven't you asked this question once or twice already? My answer is the same. Granted, they were a huge part of this mess. No one denies that. But to say that this situation is entirely the fault of the rich is simply not true. And as I said, in terms of economic understanding, I trust their judgement more than I trust the judgement of Joe Shmuck off the street.
Posted By: Error014

Re: Occupy Wallstreet - What do you think? - 11/03/11 22:18

Redeemer,
do you believe in democracy as a system? Do you think it can work? Or do you feel that people in general are not educated enough to participate in this way, that the system is doomed to fail or at least to bring bad results due to people's inability or outright disinterest in politics?
Or do you just not believe in a certain implementation of democracy (such as the way it's handled in the US)? Is there another political system you favor?

(Note please that I've tried to formulate these as neutral as possible. Don't try to read my own opinion on anything out of this. I can share it later, maybe, but I just tried to not influence anyone, because I'm really just interested in honest opinions - I don't want to contaminate these results :))

Sorry I'm not adding much to the discussion. I'm just curious.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 11/03/11 22:25

well... ive literally heard a college girl say she was going to vote for bush because he was "old-man hot"... whatever that means.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 11/04/11 05:16

Here we go. just posted this on my fb. this is my thoughts on the topic:

Quote:
finally decided my official thought on Occupy wall street. If we want to get away from the mess that has been created. if 99% of the people have less than the other 1% of value, then the advantage of being majority and demand holders. encourage people and small businesses to create their own currency based on some rare backed type of value (gold/diamonds/platnium... whatev) and only trade with that, to not to participate in use of the USD and to threaten all politicians that they will recieve votes easier if they allow the gov't to recognize the value of this new currency for taxes as the appropriate ratio in value to the USD. create rules for this currency such as they can not be traded politically without transparency and can not be extended as credit again anything besides very specific collateral (land and such) and at for 1 specific never moving rate so that the there wont be the temptation to screw with it for immediate gratification and greed.

But not fucking drum circles.

laugh

Posted By: WretchedSid

Re: Occupy Wallstreet - What do you think? - 11/04/11 08:56

Originally Posted By: lostclimate
whatever that means.

It means that not only she was stupid but also blind.

Btw, I really enjoy the discussion in this thread, although I can't add anything constructive to it.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 11/04/11 22:08

Originally Posted By: Error014
do you believe in democracy as a system? Do you think it can work? Or do you feel that people in general are not educated enough to participate in this way, that the system is doomed to fail or at least to bring bad results due to people's inability or outright disinterest in politics?

I believe democracy in it's ultimate form would definitely be a failure, but I think everyone knows that.

Democracy is a good thing, but like any good thing I believe that it should not be applied excessively to any given problem. I do not believe that the US's current level of democracy is appropriate, but I do not believe that it should be anything less than it has ever been.

@LC: Your idea is interesting because it brings up an important fact: the USD used to represent a very minute share in the United States gold supply. In fact, before the gold standard was dropped, you could walk into any bank and demand your money in gold, and they would give it to you.

This is important because gold, unlike a piece of paper, has real value. There are far reaching consequences to that fact, the most important one being that there's no such thing as "funny money" when you're trading in a real substance.

So my solution to the problem you mentioned is similar to your own: to readopt the gold standard on a national level. Unfortunately it's not likely that this will ever happen since the US is in an incredible amount of debt right now and the amount of money in circulation is not nearly proportionate to the amount of gold the US really owns.
Posted By: lostclimate

Re: Occupy Wallstreet - What do you think? - 11/05/11 01:43

Which is why we bail and let bankers go "down with the ship":p they do it with shell companies to their own partners all time anyways:) and since they supposedly only rep 1%,it SHOULD be doable...but as you said it won't happen. People are not brave enough and if it happened, I'm sure the bankers purse strings would open up to the right greedy poor people and would stop its progress anyways:/
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 11/05/11 15:27

Just a an article of a well-known german conservative newspaper:
http://www.faz.net/aktuell/feuilleton/der-griechische-weg-demokratie-ist-ramsch-11514358.html
Posted By: ventilator

Re: Occupy Wallstreet - What do you think? - 11/06/11 19:43

http://derstandard.at/1319182112646/Vide...-die-Demokratie
Posted By: Locoweed

Re: Occupy Wallstreet - What do you think? - 11/15/11 08:08

I don't mind the movement, but please can the group clean up after themselves, wake up at night and stop the rape going on in next tent over, and let part of the 99% which are small businesses survive during their protest.

Personally, I haven't had a good drug contact in years, I know I could find one quickly if I went down to one of the local Occupy protest. Which isn't a bad idea actually.

EDIT: Grrrr.. I just looked at our our local OWS movement. The newspaper made it out to sound really large, but they had a picture of like 7 or 8 people who didn't look like good drug contacts. Looked more like a few college students who were probably flunking out for the semester and needed an excuse to tell their parents. Sigh.

Wish I could have used that excuse when I was in college, "I wasn't out partying, doing drugs, and skipping classes, was just out supporting the Occuppy movement!" Was born a generation too early for that excuse I guess.


Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 11/17/11 23:34

#1 I didn't have the time to give the last informations about the movement, there's a lot of informations around the net anyway, and don't have the time to do it the next days as well, just a note here and there:

Originally Posted By: Redeemer
Quote:
>They're cracking down on protests in a country that has free speech written in the damn constitution.

Right. Because cracking down on violence, theft, trespass, defacement of public/private property, obscenity, and public disturbance totally undermines our constitution, of which I'm sure he has never read himself.

Quote:
Right now, the campaign against OWS basically tries to get working Americans to turn on the movement, even though most people support the movement’s goals, by trying to make it seem as if the protestors are people not like you— whereas the plutocrats are. Hey, this has worked many times in the past; that’s the whole point of “What’s the matter with Kansas.” And it can operate in many directions: OWS should be shunned because they’re dirty hippies, Elizabeth Warren is not-like-you because, horrors, she’s a Harvard professor.

http://krugman.blogs.nytimes.com/

#2 If I find time, I start a german thread about all that, what is documented only in German language, because it happens in Germany, and is not of much interest outside of Germany.
Posted By: sPlKe

Re: Occupy Wallstreet - What do you think? - 11/18/11 12:56

I wonder how many of you have any clue about psychology. Not to mock anyone, believe me. I just find it fascinating to see your opinions and backtrack your thoughts of reason.
on the other hand, i did the same thing with a few occupy people i know personally. and what i saw there was not a very good sign at all. maybe those are jsut the few i know, but if only a few of them all over the world think and act the way they do because they do, we are in for no suprise and no change at all.
i leave it up to you to decide whether this is good or not...
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 11/18/11 14:01

Interesting link. I didn't know this was a news program already for years:
http://www.democracynow.org/about
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 11/18/11 17:46

Quote:
OWS should be shunned because they’re dirty hippies, Elizabeth Warren is not-like-you because, horrors, she’s a Harvard professor.

The real problem here is that he's defining OWS as this vague movement that simply stands as opposition to the evils of the upper 1%; nothing more, nothing less. And if that's as far as it goes, I am all in favor of OWS. Nevertheless, I am not, because I define Occupy Wallstreet as the hippies that are doing just that: occupying Wallstreet.

The truth is that you will not send any good messages by defecating on police cars or raping fellow protesters.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/05/11 22:06

@ Redeemer:
Sorry, Redeemer, didn't had the time to answer your concerns against the movement. I thought that it isn't urgent, because a sentence - that you obviously erased from your post now - let me think that you were at least trying to inform yourself of the financial crises and its reasons... (To say it different, I don't care as much what you think about the movement as I care what you think about the social policy matters...)

But, getting aware of your signature
Quote:
Political Correctness, n. a doctrine fostered by a delusional, illogical liberal minority, and rabidly promoted by an unscrupulous left-stream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
doesn't offer much hope that you are getting far in understanding what is important and what are minor matters. At least not now.



@ All:
I'm impressed about how fast wikipedia produces well-informed articles. Let's spend some money to this magnificent encyclopedia! wink
http://en.wikipedia.org/wiki/Occupy_movement
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/05/11 23:21

Originally Posted By: Pappenheimer
I thought that it isn't urgent, because a sentence - that you obviously erased from your post now - let me think that you were at least trying to inform yourself of the financial crises and its reasons...

It's been some time so I can't remember what my original post was, but I don't believe I erased any sentences. Nonetheless, I have to admit that my last post was rather vague...

Originally Posted By: Pappenheimer
your signature doesn't offer much hope that you are getting far in understanding what is important and what are minor matters.

First, my signature is a joke that I didn't write. It has nothing to do with OWS. I consider it quite poignant, but I'm sorry you didn't understand it.

Secondly, these "minor matters" are perfectly reasonable insights to the greater character of the OWS movement. In fact, they are a reasonable insight to anybody. When some news came out that Sarah Palin had had marital troubles, it had an impact on a lot of people's perception of her, and rightly so. "Minor cases" are important; whether or not you want to appreciate them is another matter.

But anyway, at this time I'd like to point out that from the beginning this thread has just been a gigantic time waster for me, and I really don't want to bother with it any more. Sorry.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/05/11 23:41

Originally Posted By: Redeemer
But anyway, at this time I'd like to point out that from the beginning this thread has just been a gigantic time waster for me, [...]
Does this mean, that you actually had a close look at the links that I asked feedback for? laugh
Originally Posted By: Pappenheimer
Here a movie about the crash in 2008:
http://www.zerohedge.com/article/watch-inside-job-wall-street-horror-movie-free-0
I can't say how much of that what I've seen in this movie is correct,
so I'm curious about what you - and others - confirm or deny.

Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/07/11 14:49

Yes, I looked at the article some time ago, but I wasn't able to watch the movie. I don't have the connection for that sort of stuff.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/07/11 19:54

O, right, I remember that you mentioned that in other threads. The content of the site beside the video isn't very enlightening.
Found a link to an interview with the economist Stiglitz:
http://www.pbs.org/wgbh/pages/frontline/...rce=relatedlink
Its not as impressing as watching those financial and political persons who were involved, but it offers a report from one who followed the events from a priviledged position.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/07/11 20:12

I'll be sure to read that soon. At the very least, it should be somewhat informative. But I have to be honest, stuff like this:
Quote:
The reason that the invisible hand seems invisible so often is that it's not there. Markets are often not efficient.

does not make the interview sound very promising.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/07/11 22:16

Originally Posted By: Redeemer
I'll be sure to read that soon. At the very least, it should be somewhat informative. But I have to be honest, stuff like this:
Quote:
The reason that the invisible hand seems invisible so often is that it's not there. Markets are often not efficient.

does not make the interview sound very promising.

laugh Ah, don't worry, that refers to a central notion of the pioneer of political economy, Adam Smith.

It meant that the competition of freely acting participants
that are only following their very own interests in a free market
'somehow magically' leads to the wealth of the nation, the wealth of all.

Look for "invisible hand" f.i. in the wikipedia article about Adam Smith for further information.
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/07/11 22:47

I understand exactly what the quote was referring to. I know who Adam Smith is, I know what he wrote, and I know what the invisible hand is. I say that it does not look very promising because I disagree with the interviewee's ideas about its non-existance.

Just as well, I also understand the bigger issues behind OWS. The only reason I will read this interview is because it is good to be well-read and aware of everyone's position on the issues at hand.

There may be certain sides of the issue that I am not aware of, but I am not oblivious to everything about the issue at hand. The greater difference between us is simply the fact that we have different opinions about this issue.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/07/11 23:23

Originally Posted By: Redeemer
I know what the invisible hand is. I say that it does not look very promising because I disagree with the interviewee's ideas about its non-existance.
Okay, didn't expect that. Sorry.
I thought that you worried about the sort of 'religious' claim that actually became a dogma in political economics although it is only proven in models with very strict conditions that the markets of the last 30 years didn't even came close to.
Posted By: AlbertoT

Re: Occupy Wallstreet - What do you think? - 12/08/11 14:09

Quote:
do you believe in democracy as a system?


When I was at university a friend of mine ,one of the smartest student I have ever met , declared to support monarchy
Of course all of us thought that he was pulling our legs
One day he invited me at his home
He showed me a letter of the King of Italy, in exile at that time, who appointed him as governor of " county " where my friend and me come from

He explained his point of view

A king is a dictator ,ok, but he must not be confused with a brand new bloody bastards
He loves his country being his property
It does not matter if he may be not a smart guy
He must simply appoint as minstries expert people
Ministry of finance must be a an economist
Ministry of R&D a scientist
....

What's the point of having in the govermnet uncompetent people who go around shaking hands, kissing kids , instead of taking care of the real problems of the country ?


I am still believe in democracy but I must confess I have some doubts
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/08/11 14:46

I believe that in a perfect world the Monarchy would be the best system of authority, but man's ultimate fallibility at the reins of power is what prompted the founding fathers to create the United States of America.

As you said the bureaucracy can be inefficient but a certain level of inefficiency is actually necessary if you want to restrict the leaders' control of the government.
Posted By: WretchedSid

Re: Occupy Wallstreet - What do you think? - 12/08/11 23:43

http://myoccupylaarrest.blogspot.com/
Really, really interesting article!
Posted By: Redeemer

Re: Occupy Wallstreet - What do you think? - 12/09/11 00:34

That's quite an insight, thanks for posting! I'd like to read some other articles about the incident before I judge the situation, but here's just a few comments on the linked article:

- His writing style is colorful. It's obviously a very emotional report, and although this is understandable, it may not be entirely accurate or give all of the details, even as insightful as it may be.

- It is interesting how he mentions that he was still in the park beyond the point when it was legal for him to be there. Sure it's just a misdemeanor, but that doesn't make it any less illegal. Since the beginning of the USA, peaceful protests have only been counted as peaceful as long as they were conducted at the proper location, in the proper way, AND at the proper time. Although I feel that the force applied by the police to subdue the protesters was probably over the top, we can't forget this fact.

- It's also interesting how he mentions that the protesters, at least at first, would not cooperate with the police's orders. And (checking again) it's interesting how he doesn't say how much time passed between the point where the order to disband was given, and the point where they violently subdued the protesters.

As a minor side note, his mentioning of CitiBank's corrupt business tactics reminded me of the movie Wall Street. I'd like to see that movie again...
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/09/11 03:40

Thanks for that interesting link. Didn't expect that brutality from the police, although I know the video with the pepperspraying policeman.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/11/11 00:19

Quote:
I was honoured to be one of the signatories of a letter which was sent to the Queen last month, a response to the British Academy’s letter to her which sought to address her question as to why no-one had seen the economic meltdown coming. Here is the text of the letter in full.

Open Letter to the Queen: 14th August 2009

Your Majesty,

We, the undersigned, noted with interest the letter to Your Majesty of 22nd July 2009 from the British Academy in which they respond to your question about how the current economic meltdown was missed. They talked of a “failure of the collective imagination of many bright people” and a “psychology of denial”.

The Academy wrote “It is difficult to recall a greater example of wishful thinking combined with hubris.”
http://transitionculture.org/2009/09/07/an-open-letter-to-the-queen/
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/19/11 21:25

The other sight on Friedman's life work:
http://www.observer.com/2007/milton-friedman-s-afterlife
Quote:
“Friedman dreamed of depatterning societies,” Ms. Klein reminds us, “of returning them to a state of pure capitalism, cleansed of all interruptions—government regulations, trade barriers and entrenched interests.” The problem was that though Friedman claimed his ideology went hand in glove with spreading democracy, “free people just didn’t seem to vote for politicians who followed his advice.”

EDIT:
She's probably wrong about what she says about Friedman.
He once used the term "shock program" or "shock therapy" in a letter to Pinochet. That's what Naomi Klein took as a general term that is valid in almost all free market initiatives in the world since Pinochet, in her opinion.
Nonetheless, I like the term, because it serves as a good headline of what the international financial system actually put into practice over the last three decades, but to say it describes a general concept of Milton Friedman is unfair against him.
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/21/11 02:24

My further research on what Milton Friedman actually thought about money creation as it is practicised nowadays - he can't be accused as the master mind of what is said to be neo-liberal politics:
Quote:
“Friedman is surely no anarchist … He recognizes that any society needs laws, and that legislation and enforcement of the law are proper roles for government in a free society.” Friedman himself acknowledged cases where, for instance, government regulation or a public monopoly may be preferred to private monopoly (e.g., in money creation, which should be exclusively the perogative of government and never delegated to private banks to create using fractional reserve lending practices as is the present case) and noted numerous areas where he believed government intervention is necessary:

“A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of the economic game, adjudicated disputes about the interpretation of the rules, enforced contracts, promoted competition, provided a monetary framework, engaged in activities to counter technical monopolies and to overcome neighborhood effects widely regarded as sufficiently important to justify government intervention, and which supplemented private charity and the private family in protecting the irresponsible … would clearly have important functions to perform. The consistent [classical] liberal is not an anarchist.”


Monetarists do not generally support government intervention in the markets as this is contrary to a properly functioning free market system. However, if the economic system is already warped by special interests and private monopolistic practices (such as the financial system in the US is and has been since the passage of the Federal Reserve Act of 1913 cabalizing the US banking industry and allowing their cabal to create money using fractional reserve banking) then monetarists inevitably want to see balance and justice restored to the free market system, in this case by abolishing the Fed and withdrawing from participation in the BIS/IMF/World Bank combination.
Quote:

Monetarists are neither supporters of socialism nor monopoly capitalism. They are instead supporters of the third way – the free market system – which opposes both aforesaid forms of economic totalitarianism. Friedman was a monetarist and a strong supporter of the free market system (even in the educational system by supporting use of school vouchers).

In the current economic setting, Freidman’s writings suggest that cutting spending to reduce the fiscal deficit would result in less transitional unemployment than raising taxes to do so. In other words, the solutions proposed by the Bush and Obama administrations of massive government intervention in the markets will prolong unemployment compared to reducing government spending (which is diverting national resources away from productive industry).

At the same time Friedman, a strong supporter of transparency, would undoubtedly support Congressman Ron Paul’s push to audit and to end the Fed. He supported prohibition of fractional reserve banking and withdrawing the US from the BIS/IMF/World Bank global equivalent of the Fed (as his support of our Monetary Reform Act which advocates exactly that demonstrates [see Monetary Reform Act Sections 4 and 15 excerpted below this article]). The BIS is responsible for this current recession/depression and with the US Fed has misused its control of great wealth and resulting influence radically to tilt the economic system in the favor of the major international banks and against all other economic sectors. This threatens to subject the political liberty of the entire world to BIS supra-governmental economic regulations since political liberty depends upon private control of private property.

Quote:
Just as in the Great Depression (renamed the Great [Credit] Contraction by Friedman), the government caused the current severe recession/depression by implementing the BIS Basel II regulations and is again applying “the wrong cure for the wrong disease.” The right cure is to abolish the Fed, prohibit fractional reserve banking and withdraw from the BIS/IMF/World Bank supra-government that initiated this economic crisis. The international banks behind these financial bodies have manipulated the financial system of the world to aggregate more and more wealth into their hands, concentrating vast economic power and hence political power under their control.

What Friedman wrote regarding the US Fed, quoted above, is even more germane to the international combination of the BIS/IMF/World Bank:
Quote:
“Any system which gives so much power and so much discretion to a few men, [so] that mistakes ‑‑ excusable or not ‑‑ can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic ‑‑ this is the key political argument against an independent central bank. . .To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers.” – Milton Friedman
http://www.themoneymasters.com/the-money-masters/milton-friedman-end-the-fed/
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/23/11 23:35

Did anyone of you already know that the worldwide money system began with a fraud of the USA against 43 other nations at the end of the Second World War?

http://www.clashofcurrencies.org/
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 12/29/11 19:35

@Damocles:
You mentioned that you value Milton Friedman's work, so I guess that you know his theories quite well.
I'd like to ask you what you think about this statement:
"At the same time Friedman, a strong supporter of transparency, would undoubtedly support Congressman Ron Paul’s push to audit and to end the Fed. He supported prohibition of fractional reserve banking and withdrawing the US from the BIS/IMF/World Bank global equivalent of the Fed "

And, what do you think about the moneymasters homepage, in general?
http://www.themoneymasters.com/the-money-masters/milton-friedman-end-the-fed/
Posted By: Pappenheimer

Re: Occupy Wallstreet - What do you think? - 01/15/12 18:18

Wanna know what people who participate in Occupy say?
Here some examples, within video and written on this page:
http://www.truth-out.org/bill-moyers-occupy-cause/1326562917
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