It's offical. The protestors are getting stupider.

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walrusaurus

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Kopikatsu said:
Anyway- America has been socialist since the 1860's. Why? Well, Capitalism fucked up. Four major business leaders (I can only remember the name of Andrew Carnegie) had amassed such spectacular wealth that they could do anything they want. Anyone who tried to stop them was either bought off or disappeared. Eventually, regulations were put in place to reign them in, but they were largely ineffective and America was effectively a Plutocracy for that generation.

Then when they died off, the regulations gained power and actually started to limit what businesses could do, where the money went, etc etc. Basically socialism, as far am I'm concerned. So yeah.

Edit: My point is, things were SO MUCH WORSE back 'in the day' when there was no government regulation of business.
A) Its Carnegie, Rockefellar, Gould, and J.P. Morgan.
B) They were around during the 1920's not the 1860's.
C) You clearly don't understand what socialism is.
D) The 'socialist regulations' you refer to played a large part in allowing the expansion of the middle class in the 50's and 60's
E) Those regulations have been gradually stripped away since the Reagan administration
F) Your edited statement makes it sound like you support 'socialist regulations' so i'm not really clear on what your point is.
 

Susurrus

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orangeban said:
If by rising you mean 2000-3000 people camped out in one square, then yes.

Bear in mind, more people in England marched against banning fox hunting than that.

Granted Rome has taken a beating, but their issues are much greater and different - they're in danger of being dragged down by Greece, and thus either out of the Euro, or towards bankruptcy.
 

orangeban

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Sandor [The Hound said:
Clegane]
orangeban said:
Sandor [The Hound said:
Clegane]
Kopikatsu said:
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
Rome is, but Rome is't London. Nothing is happening in London, well there might be a bunch of hipsters sitting outside the Bank of England, but not enough t warrant calling it protest.

As for the Italians, they get touchy about everything, they rioted the other yar when the retirement age was moved up from 60 to 65 :L
There are several thousand people protesting in London, that's quite a few. And the second article points out that people are protesting in Asia and Europe, all over the place.
 

4173

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I know it is not all of them, but simultaneously protesting freewheeling economic policy/free credit AND governments making cuts to reduce debt is more than a little ironic.
 

NinjaDeathSlap

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Kopikatsu said:
SmashLovesTitanQuest said:
Police brutality that isnt actually happening?

LOL. Just laugh out fucking loud. You are a thousand times more delusional than the stupidest wall street protester, OP.
Because obviously police aren't allowed to defend themselves. If someone hits them, they should stand there and do nothing.

The moped thing was staged. (And he wasn't a protestor. He was a legal observer)

The two women who were pepper sprayed...don't know the story behind that, but it's fucking pepper spray. You're fine after like half an hour.You get over it.

Call me when the police start firing live rounds into groups of protestors. Then we'll talk.
The 'story' behind the pepper spay thing was that these women had been backed into a corner and separated from the rest of the protesters. They were in no position to be a threat to anyone and even if they were they weren't trying anything. The Police then suddenly decide to pepper spray them both for no reason. I don't care if the effects go away after a while, pepper spray is nasty shit and I somehow doubt that you have ever felt it if you're so keen to shrug it off as nothing. They were causing two defenseless people intense pain just for kicks. That's not just Police brutality, that's torture.

Rule Britannia said:
The whole occupy wall street is the dumbest shit.
"That guy has more money than me, it's not fair!" well he kinda worked for it.
"They are the ones that ruined the economy" well not really they may have started it but everybody contributed to it.
You are greatly over-simplifying arguments in order to make the opposite greatly over simplified arguments. Yes, the protest won't achieve anything unless there is a clear direction over what the protesters want to achieve, and at the moment there isn't. It is also a possibility that there are people taking part who do genuinely have motivations as shallow as you describe, but that's is far from the case for all of them.

Let's take it from the top. "Well, he kinda worked for it." Correction, some of them worked for it. There are just as many others, particularly in government and the banking sector, who got their jobs and their huge salaries not because they were the best qualified, not because they were the hardest worker, but because they had connections. They could attend the right parties, schmooze the right people, and drop the right names, while people more talented than them get to continue sitting on the scrap heap because they didn't get a leg-up. Believe me, there's nothing that annoys me more than laziness, but even I have to admit that when you're born in the wrong neighborhood it doesn't matter how talented or ambitious you are, you're always going to be the little guy; and because big business has such a hold on government policy, they get pretty much free reign to shit on the little guy as much as they like. The protesters are right, that isn't fair.

"They may have started it but everybody contributed to it". Yes, the culture of a 'buy now, pay later' economy existed on all levels of society. People borrowed and overspent for the sake of short term benefit without thinking about long-term implications. The financial crisis shouldn't have been a shock, it had been coming for a while and so no particular entity can hold all of the blame. However, you have to ask yourself, 'Who were the big players in propping up this system?' 'Who could have warned people to change in order to avoid this, but instead chose to bury their heads in the sand rather than give up their short-term profits?' The answer is certainly the big banks, and to a lesser extent the government. We all had a part in steering that ship, but they were on the bridge, telling us where to go, and now we have to take action to make sure they can't be allowed to have that level of control anymore.

As I said, a protest that has no clearly defined set of goals is akin to pointless whining, and trying to cause a bank panic is not a tactic that has been thought through very well. But occupy Wall St., as well as all the copycat protests that are popping up all over Europe, are symptoms of something we have been trying to deny for too long. The current systems time is up, and we need to start thinking about what direction we take next. People are at the end of their patience with governments and big businesses, and rightly so. The ideal of Capitalism may work, but the reality of it that we are facing right now is derelict, a bloated mess suffocating under the weight of its own corruption and lack of regulation. The 'free' market has failed, and if we don't start working towards a fairer system then the pendulum will end up swinging too far the other way and we'll have a Communist revolution across the entire western world on our hands.
 

willsham45

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A run on the bank only worked when money was backed in gold and you would ask to redeem your money back in gold.
Systems were put in place after a few runs happened and basically it turned into we do not have the gold in this bank wait x time and we will fetch some from the storage off site.
Now money is not backed in gold, it is worthless paper and for another thing most of it is just numbers on a computer screen, a run on the bank does not work it basically means the bank will have to ask for some more to be sent to them. Exactly the same as a shot running of milk or bread. You still have money and even then if the bank currently had no cash you could just use your bank card and ask for cash back.
In essence it is some uninformed people thinking of things to do that could get them noticed.
 

Lolth17

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Nov 10, 2009
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These people don't have enough money in the banks to crash them by taking it all out. There, solved your thread for you.


Also:


DarkRyter said:
You guys need to stop worrying about the economy and start worrying about Winter.

You won't be crying about banks when the whitewalkers storm the cities.

I concur. Instead of pepper-spraying people trying to punch cops, we should make them take the Black!
 

tthor

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Versuvius said:
It's a good way of proving the point that the banks are creating a false economy. Which is bad.
this basically. that's what this whole protest is about, the system is screwed up and needs to be fixed.
 

Susurrus

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NinjaDeathSlap said:
I imagine there were quite a few writers in 1930 who said much the same thing. We're having a particularly big bust as a result of an enormous boom..
 

AngelBlackChaos

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Kopikatsu said:
TheIronRuler said:
Kopikatsu said:
SmashLovesTitanQuest said:
Police brutality that isnt actually happening?

LOL. Just laugh out fucking loud. You are a thousand times more delusional than the stupidest wall street protester, OP.
Because obviously police aren't allowed to defend themselves. If someone hits them, they should stand there and do nothing.

The moped thing was staged. (And he wasn't a protestor. He was a legal observer)

The two women who were pepper sprayed...don't know the story behind that, but it's fucking pepper spray. You're fine after like half an hour.You get over it.

Call me when the police start firing live rounds into groups of protestors. Then we'll talk.
You get over it.
The Pain. The Humiliantion, The fact that the people that are supposed to protect you hurt you.
Stop being a prick and realize that physical harm is not something to be taken lighly.
A woman sued McDonalds for a hot coffe mug. And you disregard pepper spray?
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.
"In January 1997, the NYPD switched to a brand made by Mace Security International (MSI) of Bennington, Vermont. This brand also features a 10% solution of oleoresin capsicum, carried in a solution principally composed of water,antifreeze, and denatured alcohol."

That is including the pepper itself. But do you truly think that couldnt cause an effect sprayed directly into your eyes?

"Officers are told to use verbal techniques to de-escalate the confrontation, if possible,
before resorting to pepper spray. They are taught not to fire the spray from within three feet of subjects, not to use the spray on a windy day, and not to use OC in group settings or for crowd control; they are trained to fire a maximum of two one-second bursts of the spray."

Hmmm, not to be used for crowd control. MAX of 2 one second bursts. In many of the cases I have seen, BOTH of these rules are disregarded.

Source http://www.nyc.gov/html/ccrb/pdf/pepperreport.pdf. I decided to get the NYC rules themselves. Antifreeze is a poison, and can cause severe eye effects.
 

willsham45

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As far as the event its self the idea is protest the super rich who have too much power who pretty much caused the economic problems there are today.

You hear about protests all over the world so why not have one here, I feel a lot of people are ill informed and do not really know what is wrong or how it could be changed but some people still want to express their displeasure with the current system that caused the unimplemented and the povity at home and abroad.

The only difference between the protests on wall street and those in countries like Greece is that those in Greece know what they are fighting for.
 

demoman_chaos

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Kopikatsu said:
-snipedy dipidy-
Let me correct your Great Depression cause. It was not the mass withdraws, they were just a result of the real cause. It was margin loans that broke the bank. A margin loan was where you gave only a few dollars down for full control of a stock. The catch was that at any time the bank could do a margin call and if you didn't pay the loan off in 24 hours the stock had to be sold. The margin loan allowed the stock market to skyrocket as everyone was buying. The banks did a mass margin call. Since no one could pay off their stocks, almost all had to be sold. The stock market imploded. As a result of the margin calls, people began mass withdraws from the banks to cover their debts. This led to the smaller banks running out of money, thus allowing the bigger banks to buy up those that survived taking a massive bite out of their competition.
They used that collapse as an excuse to setup an unconstitutional central bank system which gives privately owned banks the power to print our money. They removed the gold standard so they had complete control over our economy (the gold standard meant the dollar had real value and gave it inflation protection, something that wouldn't have helped them). The Federal Reserve is a private banking group, that is in no way a part of the government despite its purposely misleading name, that has complete control over the US economy and much of the world's economy (the dollar is the world's reserve currency after all).
 

AngelBlackChaos

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Booze Zombie said:
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?
In a unrelated note, i love your avatar.
 

pppppppppppppppppp

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DarkRyter said:
I wish I had more than a tangential understanding of economics.

Then I could have an opinion on the matter beyond vague populist notions.
^ This

I'd rather not enter a flame war I have no business in. This is pretty fun to watch though.

 

Kekkles

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Feb 19, 2010
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Ubuntu, look it up. This is what people are beginning to look into, this idea is akin to the 'Zeitgeist' documentary.