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10-17-2011   #41 (permalink)
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@Cattwildlife
Think about this.
You paid taxes for years.
Bankers messed up or manipulated the market.
Government give money to the banks to stabilise.
Bankers who cause the problems actually made money and didn't have to pay for the problems they caused.

What's worse is that for america, the rich people are paying lesser tax.
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10-17-2011   #42 (permalink)
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Iraq war veteran, Sargeant Shamar Thomas, arrived in New York, saw the protests in passing, the police brutality and decided to speak out for the people.



Keith Olbermann interviewed him recently as well.



And in other news, the Occupy Wall Street movement has recieved $300,000 in donations.



Edit: I've rewritten my original post to properly convey my feelings and those of the protesters as well as to properly cover the events that have unfolded so far. Please do check it out.

Last edited by Rhinehart; 10-18-2011 at 12:54 AM.
 
10-18-2011   #43 (permalink)
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Well power to the people. I think it's best if the protesters get some gas masks or surgical masks of some kind just in case.

WELL, I've been reading comments on youtube that people blame the FED for financing all this and that the best way to "fight back" is by "boycotting" large corporations which would be a little tough:

a) Get out of major banks like Wells Fargo, Citibank, Bank of America and just go for your local credit union OR be your own bank.

b) No Wal-Mart and all that other stuff, just local family owned stores to help out their business.

Unfortunately for me, I don't know if I could withdraw from Wells Fargo for 2 reason at least:

1) Mom thinks I would be an "anarchist marxist communistic socialistic occupy wall street protester".

2) Yeah I don't know if I could get student loans from a local credit union >_>; (we're still trapped in the current system at the moment, $100,000 of college debt here I come!)
 
10-18-2011   #44 (permalink)
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Quote:
Originally Posted by kmelfina
Well power to the people. I think it's best if the protesters get some gas masks or surgical masks of some kind just in case.

WELL, I've been reading comments on youtube that people blame the FED for financing all this and that the best way to "fight back" is by "boycotting" large corporations which would be a little tough:

a) Get out of major banks like Wells Fargo, Citibank, Bank of America and just go for your local credit union OR be your own bank.

b) No Wal-Mart and all that other stuff, just local family owned stores to help out their business.

Unfortunately for me, I don't know if I could withdraw from Wells Fargo for 2 reason at least:

1) Mom thinks I would be an "anarchist marxist communistic socialistic occupy wall street protester".

2) Yeah I don't know if I could get student loans from a local credit union >_>; (we're still trapped in the current system at the moment, $100,000 of college debt here I come!)
Yeah, student loans ftl. I wanted to go to college and start on getting a master's degree in psychology, but I have student loans I have to get paid off first myself. So that's a bit of a bummer.
 
10-19-2011   #45 (permalink)
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Update: Anthony Balogna, the NYPD officer who pepper sprayed innocent women who were protesting on Wall Street and other protesters simply to shoo them away has been "punished" for his conduct...by taking away 10 of his vacation days. Isn't that special?

 
10-19-2011   #46 (permalink)
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Quote:
Originally Posted by kag
@Cattwildlife
Think about this.
You paid taxes for years.
Bankers messed up or manipulated the market.
Government give money to the banks to stabilise.
Bankers who cause the problems actually made money and didn't have to pay for the problems they caused.

What's worse is that for america, the rich people are paying lesser tax.
1) There is no way to earn maximum profit without risk. You can earn small amounts of money with no risk, but it's not the ideal amount. Risks have to be taken to earn optimal amounts of money.

2)The Great Depression was made significantly worse when numerous banks collapsed. Our financial situation could potentially be even worse had we not helped the banks.

3) Agreed on the rich people paying less. I do believe the rich can and should pay more. I disagree strongly with Cain's 9-9-9 plan partially because it increases taxes for the lower income bracket (about 4k at each level I believe it was) so that the rich can pay less. Which in my eyes makes no sense.

Though I still enjoying watching this. It's my daily source of humor. Today I saw a picture of on the front page of the Wall Street Journal (oh the irony I also thought) of a person holding a sign that said "Educated and unemployed." I was laughing at it for about half an hour. I still laugh when I see it.
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10-19-2011   #47 (permalink)
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And not all risks yield maximum profit (if any).... oh, and I don't recall consenting that risk to be taken with my tax money. I agree with industries, and manufacturers needing to be bailed out since the workers in those areas are more unlikely to find other blue-collar jobs. However, injecting money into banks did not result in banks more willingly reinvesting those money to businesses that needed the most.
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Last edited by WhatThePho; 10-19-2011 at 02:47 PM.
 
10-19-2011   #48 (permalink)
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Quote:
Originally Posted by Momiji
Though I still enjoying watching this. It's my daily source of humor. Today I saw a picture of on the front page of the Wall Street Journal (oh the irony I also thought) of a person holding a sign that said "Educated and unemployed." I was laughing at it for about half an hour. I still laugh when I see it.
I'm kinda getting a "If you have an education and weren't lucky enough to get hired or lucky enough to not get laid off, you're doing it wrong" feel from this.

In this current system, some jobs are more sought out and killing off others like wanting to be a doctor, lawyer, electrician etc for a good living and not just for the job itself.

So many useless minor degrees being paid off for nothing >_<; [like biology]
 
10-19-2011   #49 (permalink)
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Quote:
Originally Posted by kmelfina
I'm kinda getting a "If you have an education and weren't lucky enough to get hired or lucky enough to not get laid off, you're doing it wrong" feel from this.

In this current system, some jobs are more sought out and killing off others like wanting to be a doctor, lawyer, electrician etc for a good living and not just for the job itself.

So many useless minor degrees being paid off for nothing >_<; [like biology]
Finding a job post-graduation isn't that hard. These people really are just doing it wrong. Throughout your college years, you should be spending a fair amount of time on internships, as well as typical job-hunting/working, and maintaining friendly contact with all of your professors. These people probably just didn't network, and now they're paying the price.

That being said, the original basis for the movement is something I can support; I just can't support the college graduates who are mad because no one will hire them. I'm sorry, when someone sees that you have a doctorate or a masters degree, but no job experience, all they're seeing is someone who wanted to escape from the real world for 7+ years because they were afraid of what was out there. Who the hell would hire you? I wouldn't.
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10-19-2011   #50 (permalink)
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I'm more pissed off at college tuition over unemployment rate; most of those are from the blue-collar work force anyways. We got a president that advocated that seeking higher education is tantamount to patriotism; yet many college graduates graduate with a hefty sum of debt on their shoulders.
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10-19-2011   #51 (permalink)
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Quote:
Originally Posted by WhatThePho
And not all risks yield maximum profit (if any).... oh, and I don't recall consenting that risk to be taken with my tax money. I agree with industries, and manufacturers needing to be bailed out since the workers in those areas are more unlikely to find other blue-collar jobs. However, injecting money into banks did not result in banks more willingly reinvesting those money to businesses that needed the most.
I don't understand why everyone seems to think that tax money is theirs. Taxes are so the government can help deliver what you want, what benefits you. They are not your monies to mandate what to do with. If you want control over what they are used for, vote properly and not purely because "my fathr wuz a repub so im a repub."

Quote:
Originally Posted by kmelfina
I'm kinda getting a "If you have an education and weren't lucky enough to get hired or lucky enough to not get laid off, you're doing it wrong" feel from this.

In this current system, some jobs are more sought out and killing off others like wanting to be a doctor, lawyer, electrician etc for a good living and not just for the job itself.

So many useless minor degrees being paid off for nothing >_<; [like biology]
Yes.
Why on earth would you spend 4 years and however odd money it costs to get an higher education on I don't know, Middle Age European Literature? Are you going to get a real job with that? Not really, not unless you go academia and teach in universities which is even more money down the drain.

I guess maybe I prefer living well and being somewhat unhappy than living poorly and being happy.

Quote:
Originally Posted by WhatThePho
I'm more pissed off at college tuition over unemployment rate; most of those are from the blue-collar work force anyways. We got a president that advocated that seeking higher education is tantamount to patriotism; yet many college graduates graduate with a hefty sum of debt on their shoulders.
I can totally agree with this. I've never understood why American Universities are so expensive.

Quote:
Originally Posted by Harlequin
Finding a job post-graduation isn't that hard. These people really are just doing it wrong. Throughout your college years, you should be spending a fair amount of time on internships, as well as typical job-hunting/working, and maintaining friendly contact with all of your professors. These people probably just didn't network, and now they're paying the price.

That being said, the original basis for the movement is something I can support; I just can't support the college graduates who are mad because no one will hire them. I'm sorry, when someone sees that you have a doctorate or a masters degree, but no job experience, all they're seeing is someone who wanted to escape from the real world for 7+ years because they were afraid of what was out there. Who the hell would hire you? I wouldn't.
This is kind of even more what I was getting at.
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10-19-2011   #52 (permalink)
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I wasn't even making reference to a so-called "useless" degree. In my opinion, there are no useless degrees. There are just useless people. If someone doesn't know how to properly hunt down a job then that's their own damn fault and I can't feel bad for them. Most places of business don't even look at what kind of degree you have, they just want to know that you have a degree at all. The only places that look for a specific degree are the places that require very specific skills and/or knowledge.
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10-19-2011   #53 (permalink)
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Quote:
Originally Posted by Momiji
1) There is no way to earn maximum profit without risk. You can earn small amounts of money with no risk, but it's not the ideal amount. Risks have to be taken to earn optimal amounts of money.
I do understand that.
But it isn't the citizen's fault for any risk, they are just paying taxes.
Taxes are used to make your life better and not to pay for bankers mistakes and most of the bankers get away scot-free cause they can "pay" their way out.
The bankers' mistakes are not the citizen's fault and they shouldn't be the ones paying for it.

The requirement to pay for it was due to this poor monetary system which needs to be changed.

Watch the youtube video i posted earlier, it explains why this monetary system is not safe and why inflation is always going up. (Note: the video is long and have a monotonous voice)
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10-19-2011   #54 (permalink)
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Quote:
Originally Posted by kag
I do understand that.
But it isn't the citizen's fault for any risk, they are just paying taxes.
Taxes are used to make your life better and not to pay for bankers mistakes and most of the bankers get away scot-free cause they can "pay" their way out.
The bankers' mistakes are not the citizen's fault and they shouldn't be the ones paying for it.

The requirement to pay for it was due to this poor monetary system which needs to be changed.

Watch the youtube video i posted earlier, it explains why this monetary system is not safe and why inflation is always going up. (Note: the video is long and have a monotonous voice)
As I stated earlier, part of what made the Great Depression as bad as it was was the failure to bail out banks resulting in their collapse resulting in people just flat out losing money. I assume a benefit to you would actually be having money, yes? I can understand discontent if the banks were quite clearly doing perfectly fine and received tax money because they were "failing" (and it was obvious they weren't). But as far as I know, banks were failing and the government rightfully propped them up.

I will watch the video as soon as I have the time for it.

@Harl: I suppose that would be the teachings of my mother, who would refuse to pay for my college tuition (i.e., transfer GI benefits to me) if I chose to major in say Psychology, Physical Education, or English Literature.
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10-19-2011   #55 (permalink)
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Hopefully VCU has good enough resources to help me out being a math teacher. Eh, love of teaching should wipe out debt worries.

I'm still questioning the super high cost of colleges ($24k a year FTL!), and the only "reasonable answer" I found was that prices rose exponentially due to government loans people keep borrowing thus no competition or whatever between the colleges (and competition = constant dropping of prices to get students?)

Any arguments against this since it is an important issue?
 
10-19-2011   #56 (permalink)
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The bailout is generally fine, but some policies have to change.
This will probably continue until the federal government does something.
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10-20-2011   #57 (permalink)
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It's nice to see there's been some debate since my last post. I've got another interesting update, though. There's a "1%er" from Wall Street who has not only sympathised with the protesters, but has also joined them. Michael Pento, the president of Pento Portfolio Strategies, was interviewed by Lauren Lyster of RussiaToday.

 
10-20-2011   #58 (permalink)
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...As far as this really goes, I don't see any real defined goal as the result of this protest.


-What do you plan on setting in motion by all of this?
-What exactly are you guys striving for, and how are you going to get it set into stone if and when you get there?
-Do you support this/go to protests just to say that you support this/went?
-Instead of going off of what others have reported, have you done your own research that backs up the claims? If so, what did you find, and how does it factor into the claims of what you support?
-Do you believe this will set things in the right direction? Where will things go from here?

It's not to say that I'm downing any of you supporters here. I just don't understand what your deal is.
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10-22-2011   #59 (permalink)
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ight so I was gonna go see the Occupy Wall Street with a friend when some dude overheard us talking about it...
wwwwooooowwwww....he was a bissness man and now I understand almost everything...althow the system **** up the reason why most put there product to make in china or something it cuz in America, it will give you a limit or something...

say you wanna make 6 things... but America said only 3 things...but in china your allow to make it 6 things....if you can make 6 thing that more bissness and if more bissness more money...

but overall...I think maybe those Protester does know but if they don't...then they are very Misguided...

but the only thing I'm wondering is why hasn't anyone at least try to explain to them how the Laws, Rules, Regulation, and/or the System works ???
 
10-22-2011   #60 (permalink)
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Justice isn't absolute bro.
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