It's offical. The protestors are getting stupider.

[Tanakh]

"They are the ones that ruined the economy" well not really they may have started it but everybody contributed to it.

I agree with that one, Goldman Sachs, Fannie Mae and others contributed taking your money by manipulating the rating agencies with bribes and selling crap as if it was gold, in the Greek crisis Goldman actually developed, pitched and eventually sold the plan for the Greek government to defraud the EU at an undisclosed amount and for also undisclosed inside trade privileges, you contributed by breathing. The same way you contributed to the Nazi holocaust, because, you know, the atoms that make your body were part of some nazi guy back then.

 

[orangeban]

Police are there to protect society as a whole, not individuals.

Not really sure why you brought up the McDonalds woman when I don't know ANYONE who doesn't think the case was fuckin' ridiculous. You order hot coffee, you get hot coffee. If you spill it on yourself, it's your own goddamn fault and you should take responsibility for that. It's not like a McDonalds employee ran out and dumped the coffee on her. Anyway...

Yes, I disregard pepper spray. I've been sprayed by it before, and yes, it stung really fucking bad (It's like if you went to a beach with shorts on a very windy day in your eyes), but it didn't cause any permanent damage. It's something you GET OVER.

Two things.

1) The women was justified in sueing McDonalds by the way. She ordered hot coffee, she got boiling, way over the safety limit, hot coffee. When she spilled it she got major burns that wouldn't have happened if the coffee was the right temperature.

2) Police brutality is the use of excessive force. Ideally, police should use exactly the right amount of force at all times, they aren't they to dish out justice, they are there to protect. Any unnecessary force is brutality (as long as the policeperson was aware it was excessive). Techincally, verbal assault is police brutality.

 

[walrusaurus]

Know what happened the last time a bank panic occurred? The Great Depression. And no, that wasn't coincidental. The bank panic directly caused the Great Depression because everyone attempting to withdraw money that didn't exist caused the economy to completely collapse.

Thats so false its not even funny. The run on the banks was caused by the crash which kicked off the Great Depression. Not the other way around. The great depression was cause by a collapse of a bubble caused by rampant unregulated credit being handed out to everyone for everything in the 20's. Gee, does that sound familiar?

I also particularly enjoyed how you've totally ignored the FDIC, created by the New Deal, specifically to prevent people from loosing everything in a repeat run on the banks, should a crash like the one in 1929 ever happen again. The FDIC, or Federal Deposit Insurance Corporation, insures the contents of every single bank account in America up to $250,000 (?182,000; £160,000). Thus the only people who would loose money if a run on the banks happened tomorrow would be those with more than a quarter of a million dollars in a single account. That doesn't sound like the 99% to me.

Not to mention the fact that the 'run on the banks' your referring to is part of move your money project (moveyourmoney.org), and would actually be beneficial to the economy as a whole.

But don't let actual facts get in the way of you spouting ignorant nonsense. By all means; carry on.

 

[Dabono]

http://www.cnbc.com/id/44800021/
This happens because the banks don't actually have large amounts of money in them. When you put money in the bank, they loan that money out to other people.

Well.. they not only lend it out to other people. They lend it out about 25 times to other people, making huge profits from lending out money that doesn't even exist. (See: fractional reserve banking).

 

[walrusaurus]

Im not going to pretend to understand economics (because I don?t ) but from what ive seen police brutality is happening. so if you lie about that why should I believe anything else you say?

also yes a large scale withdraw is a bad, bad idea .

The only piece of police brutality that wasn't staged or deserved are the girls getting pepper sprayed by the asshat. Everything else has been staged or was deserved.

Does that include the lawyer who was run over by a cop on a motorbike? The cop stopped after running over him with the first tire, the proceeded to keep going and run him over with the second? Sounds like a totally reasonable use of force to me!

 

[Varrdy]

http://www.cnbc.com/id/44800021/

So, a group of the Occupy Wall Street protestors decided, 'Hey. Let's make a Bank Run!' (For those who don't know what that is, it's when a bunch of people go to withdraw their money at the same time with the purpose of causing the bank to crash. This happens because the banks don't actually have large amounts of money in them. When you put money in the bank, they loan that money out to other people.)

As I often say, if you're going to call someone stupid, check your spelling.

Wardy
P.S - P-R-O-T-E-S-T-E-R-S, just so you don't wonder.

 

[Da Orky Man]

Im not going to pretend to understand economics (because I don?t ) but from what ive seen police brutality is happening. so if you lie about that why should I believe anything else you say?

also yes a large scale withdraw is a bad, bad idea .

Police brutality is when they kidnap and torture you for weeks. It's not when someone gets pushed back because they tried to punch a police officer.

If that is what police brutality means to you im sure you won?t mind if a cop pepper spray'd your mother in the face and then ran her over her with his motorcycle????????.

Cops are here to protect us against injustice not the other way around . and if you think it?s ok for a cop to hit someone without provocation then you'll have to explain why? to me .

Put yourself in their situation. You have several thousand people pushing at you, occasionally throwing a punch or clawing. Your job is to keep them away. You've been doing it for hours, and you may need to keep it up for hours. If I was up front, of course you should expect to be shoved back, or even pepper sprayed. It only lasts for an hour or so. I've eaten pepper spray on chips.
If I was in their situation, I would be shoving back anyone pushing me.

 

[Phlakes]

Protesters? Being stupid? Christ, I've heard it all now.

And I have a feeling this will all blow over in a month or so and we'll have that awkward moment where they made a huge deal out of something that had no effect (except more douchenozzles going "fuck the police" and "corporations are evil").

 

[superstringz]

The idea behind Occupy Wall Street and the bank runs isn't "lets fix stuff", its "lets send a very strong message to the elite in the one place they pay attention: Their finances"
Its not so much a protest as it is a reminder of what we can do should they pull their shenanigans again.

 

[Monsterfurby]

Large parts of the protesting group have actually greatly misunderstood the issue, but that's part of peer pressure and group dynamics, I suppose.

 

[TheIronRuler]

Know what happened the last time a bank panic occurred? The Great Depression. And no, that wasn't coincidental. The bank panic directly caused the Great Depression because everyone attempting to withdraw money that didn't exist caused the economy to completely collapse.

Thats so false its not even funny. The run on the banks was caused by the Great Depression. Not the other way around. The great depression was cause by a collapse of a bubble caused by rampant unregulated credit being handed out to everyone for everything in the 20's. Gee, does that sound familiar?

I also particularly enjoyed how you've totally ignored the FDIC, created by the New Deal, specifically to prevent people from loosing everything in a repeat run on the banks, should a crash like the one in 1929 ever happen again. The FDIC, or Fedral Deposit Insurance Corporation, insures the contents of every single bank account in America up to $250,000 (?182,000; £160,000). Thus the only people who would loose money if a run on the banks happened tomorrow would be those with more than a quarter of a million dollars in a single account. That doesn't sound like the 99% to me.

Not to mention the fact that the 'run on the banks' your referring to is part of move your money project (moveyourmoney.org), and would actually be beneficial to the economy as a whole.

But don't let actual facts get in the way of you spouting ignorant nonsense. By all means; carry on.

It was the domino effect.
The Hungarian banks fell, then the german, then the french and then the american. The British refused to participate in that fiasco. Good for them.

 

[Susurrus]

It's a good way of proving the point that the banks are creating a false economy. Which is bad.

No, actually it's not. There's a lot less gold than there are £, $ and Yen. In England, technically, a bank note used to guarantee £1.

That scale is no longer exactly true, but notes have no inherent value. As such, any economy built on a monetary system must either be limited to the amount of something actually worth something (i.e. gold), which I struggle to believe is anything approaching even the US's debt (or indeed its GDP for a year), or be built on a "false" economy.

 

[Tanakh]

In recent decades various individuals that have detached themselves from the corporate sector and went to the public sector have demolished regulations that restrict private companies. They are sent in like thieves in the night, and when they're done they return to the public sector.
The intervention of the government in the affairs of the free market is not socialism. Stop calling it that way. Only Singapore have a truely free market, an atmosphere of Laizes Faire, other countries have Interventionalism - there is a free market but when a company bullies its way to the position of a monopoly, there must be regulations to stop them. They don't achieve this status because they work hard but because they push the boundaries of what is legal.

To be fair though, they didn't demolished the regulations, they just rewrote them to fit perfectly the private companies they belong to. And it's a common practice in America (as the continent, not as USA), when you are writing the bill of some sector you just call the biggest corporations there and tell them to write it for you.

And yeah... OP grasp of concepts is a bit flimsy. You can call intervention of government socialism, and i can call my hand a waffle and start munching it, but words have their proper meaning.

 

[TheIronRuler]

Im not going to pretend to understand economics (because I don?t ) but from what ive seen police brutality is happening. so if you lie about that why should I believe anything else you say?

also yes a large scale withdraw is a bad, bad idea .

The only piece of police brutality that wasn't staged or deserved are the girls getting pepper sprayed by the asshat. Everything else has been staged or was deserved.

Does that include the lawyer who was run over by a cop on a motorbike? The cop stopped after running over him with the first tire, the proceeded to keep going and run him over with the second? Sounds like a totally reasonable use of force to me!

A bit of a debate there, since it seemed that it was staged.

 

[orangeban]

Clegane]

SNIP

The Wall Street protesters are stupid anyway. hey don't have a clue how the economy works, they don't have a clue what they're arguing for, their just a bunch of idiots with too much spare time. There's a brilliant photo of a protester holding up a "Down with corporations sign" While he is texting on his iphone, wearing oakleys sunglasses and designer clothes. What an idiot.

The most annoying ones are the ones who think the rest of the world support them. I saw one sign that read "London is rising with us." Lol, no it isn't.

...but London is rising with them. Well, maybe not all of London, but quite a bit of London. Hell, Rome is rioting over this stuff.
http://www.washingtonpost.com/world/europe/occupy-wall-street-protests-continue-world-wide/2011/10/16/gIQAcJ1roL_story.html
http://edition.cnn.com/2011/10/15/world/occupy-goes-global/index.html

 

[Zoe Castillo]

--

 

[Booze Zombie]

It's like human reponses are scripted. Protestors are argued for, against, the inherent failures of both sides are explained in great detail and whilst you're busying going "I'm right because of this" it just goes on.
Perhaps your time would be better served at looking why the situation is going whatever way and how you might steer it in such a way that progress might be achieved?

 

[aprildog18]

I am inclined to agree to move money out of big banks gradually over time, but not at once because that would screw everyone over.

A nice documentary on how the high-ups screwed the people is "Inside Job".

http://www.metacritic.com/movie/inside-job