I Stand With The Protesters
Or is it more of a squat?
Posted on 10/09/2011 4:02:47 PM PDT by Razzz42
FR is mostly conservatives of the Uncle Miltie (Freedman) or Adam Smith type.
Whay are they protesting wall street about student loans? Obama nationalized student loans early in his administration, they need to protest him.
“Workers of all lands, unite — to smash the rule of English capitalism! You young upward-striving nations of the earth, combine to annihilate the old English dragon who blocks the treasures of the earth and withholds from you the riches of the world.”
It would be kind of fun to read that statement to the “Occupier” idiots and see them cheer, then tell them the source, and capture the whole thing on on video.
Thanks, I’ll look.
Steaming Pantload Award
I’m all for turning the fire hoses on the “protesters.”. They can clean the park and the smelly people at the same time.
The government does. Every citizen is in debt for about 50k and counting. The Fed, the IMF are bailing out internatinal bankers and sticking taxpayers with the tab. I don't exclude government either, I just don't see much difference. It's the same people, whether they work at Treasury, the Fed, or Goldman Sachs this year.
"My mother and millions of other senior citizens are among the victims of the game that policy makers and those who empower them are playing. Their life savings are gone because Bernankecide, the financial genocide of the elderly, forced them to spend their principal. Now the government is indirectly confiscating 8% of my income because I must support my mother. That percentage is likely to grow as her health deteriorates. "
Simply - Mum's a burden.
What will his 'reset' accomplish to get you higher savings rates? Let's see - no one owes anything. Banks go belly up. I don't have to repay my loans, my suppliers go belly up. Students don't repay their loans - College's lay off staff - may go belly up. In the midst of this, you can DEMAND higher interest rates on your CD's, but I doubt there will be a real demand for funds to loan out. No one will be employed and chaos will reign.
“It might be hard to put bankers in the cells filled to capacity with DemoRat politicians, Federal bureaucrats, and conniving students, never intending to pay.”
“It might be hard to put bankers in the cells filled to capacity with Elected Elite, professional” politicians from both parties, Federal bureaucrats, and conniving students, never intending to pay.”
Tea Party VS. Wall Street protest bunch.
Tea Party believes Privatise the profit, socialise the lost is wrong. Solution Privatise both profit and lost. More free market
Wall Street protest believes Privatise the profit, Socialise the lost is wrong. Their solution Socialise both profit and lost. No free market.
I refuse to go down Greek road to prosperity. We know that road
I’ve found that living within my means limits what the government can get out of me.
Unlike most people who talk a big game about starving the beast, I actually go out of my way to live as tax free as possible. I go without a lot of things that most people just gotta have and live with just the most basic necessities I’m comfortable living with.
If the wall street protesters want to do something effective and actually helpful to the economy they should start producing and trading black market style.
Why not call for prosecution of politicians and government bureaucrats too, then?
Phony.
Instead the idiots protesting are demanding that the government double down some more. After all, one of their demands is that credit reporting agencies be outlawed. That way they can stop pretending they have any intent of paying back loans.
I don't understand this part. Is he saying his mother lost her retirement portfolio in the stock market, or that she cashed out her investments and spent them, or what?
I think a lot of today’s college grads are unemployable, not just because of their silly degrees, but their lazy, contemptuous, sloppy attitudes. Not to mention most of them couldn’t write a coherent memo.
A good work ethic trumps a college diploma these days. Employers are looking for people willing to work without causing a whole bunch of problems for their company.
You are, of course, correct. RINO Republicans had a substantial hand in the destruction of responsible, free market banking, and...
Bankers and loan agents are not blameless, as they have a fiduciary responsibility to only handle a quality product.
I deliberately targeted socialist rats to finger (excluding others), because the author deliberately concealed the same group although they were the major players (and benefited the most) in the fraud.
The TEA Party believes (that to) Privatize the profit, (and) socialize the loss is wrong. Solution, Privatize both profit and loss. More free market.
Right again, I just don't assist leftists misdirecting guilt toward a patsy.
Adler sees things more from the financial and Federal Reserve workings and how it affect the markets or market place (money/bond pumping, interest rates, government statics, etc.). Basically, he uses simple math.
A reset involves loan forgiveness on all levels. That means people lose money (bond investment fail), most banks will have to close, Wall Street ceases to see large amount of money flowing into stocks. Pretty a depression until all outstanding is debt accounted for i.e. in being paid for, forgiven, written off, reduced. Personal, private and governmental debts.
Either it happens now in a controlled environment or will happen a in a violent chain of events that is unavoidable
as bankers run out of other peoples money.
All these bailout, including Euroland and everywhere else, involves a banker’s loan with interest and fees. The more bailouts, the more fees have to be paid (also the more bets markets can place on the bailouts failing, just like riverboat gambling on a worldwide scale that taxpayers unknowingly guarantee and pay for since banker are ‘to big to fail’ and even when they lose a bet (trade), they win because they claim hardships, like the world will end without them and then get money at low interest loans rates or access to another line of government credit,etc (so many ways to fleece the taxpayers).
I can’t put it any more simple than, crooks being paid big (taxpayer) money to be crooks.
On the protest front, you have extend unemployment payments, historical high in food stamp payments, money going from government to private companies (unions, campaign contributors, whatever) just like socialism in its various stages. And the people are still not happy. Do they want more? Or do they their own way of life back? I don’t know and neither do they but until some figurehead comes forward with a plan to heal all the wounds, get things back on track, the protests will continue.
Eventually the US$ loses it world reserve status as confidence erodes away in how the US functions without the rule of law.
Unknowns in people’s futures make them very edgy and they can sense a reset coming no matter what (at least the ones who can balance a checkbook can see it coming). Easing the pain now would avoid blood in the streets later on down the road.
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