Essentially the world is protesting against YOU | Forex Factory

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Essentially the world is protesting against YOU

  • #1
  • First Post: Oct 15, 2011 7:23pm Oct 15, 2011 7:23pm
99% of the world is protesting at what your "trying" to achieve.........
do you care? do you think its true?

http://www.theage.com.au/world/anger...016-1lr4h.html

do you trade cause you are greedy?
  • #2
  • Oct 15, 2011 8:11pm Oct 15, 2011 8:11pm
since we are traders lets talk whats more probable 5 months from now:

A) the protesters will get the world to change, the rich will agree to hand over lots of their cash, the gov. will agree that the protesters dont have to pay off all loans, the protesters will be told all their debt is forgiven etc

or

B) world will be where its now maybe a change here and there nothing to do with the protesters

my guess is B

REMEMBER every protest movement thinks that it will be their protest that will change things, before you start thinking Libya and Egypt think of the big protests in Greece, Italy, UK, Israel etc, it comes and goes, its a big waste of time and those in NY who are protesting are your future american homeless.

so instead of caring about this temporary uprising by those who are too lazy to work and for decades tried to find something to latch on to, lets just focus on trying to make a living, going out and enjoying and if we feel like sharing share.
  • #3
  • Oct 15, 2011 8:34pm Oct 15, 2011 8:34pm
I dismiss them as Fantasy-World kids who know nothing about the real world, and who certainly don't have an understanding of how our economy got here.

Anyone who takes a job and either seeks promotion or moves to another, better position, is greedy, whether he makes $30K, $300K or $30M: he's seeking a better life for himself and family.

Heh, greedy SOB wants to make so much money that he can move his family to a safer neighborhood with good schools. Selfish bastard.
  • #4
  • Oct 15, 2011 11:42pm Oct 15, 2011 11:42pm
Wow, I thought most people here would support the movement.
  • #5
  • Oct 15, 2011 11:57pm Oct 15, 2011 11:57pm
Quoting seagreen
Wow, I thought most people here would support the movement.
Gotta be a K-wave or sunspot explanation somewhere...

At first, territorial dependence (in US vs. England) led to democracy, then capitalism.
Now, financial dependence leads the opposite direction?
China's approach to currency trading is only inter-country, so I'm grateful for capitalism. Rational reforms would be great, though.
  • #6
  • Oct 16, 2011 12:20am Oct 16, 2011 12:20am
we need a nationalized banking network that will function in the interest of the people. The government can back nationalized banks' debts and limit their risk-taking ventures as a corollary of that backing. Wall Street can do whatever it likes, within reasonably regulated limits, but it doesn't get a dime when it fucks up. No FDIC, nada. If Wall Street wants to run itself like a casino, let it just be a casino.

If this is the way things had been over the last decade, we wouldn't be riding these debt bubble rollercosaters. there would have been no housing bubble and subsequent crash. I would be doing engineering work instead of dicking around playing pip collection because there would be engineering work to do - and there ain't much of it anymore because the banks won't lend on projects, afraid to take on any kind of risk. And of course all the State and local goverments are broke.

Fuck Wall Street. Fuck too big to fail. And fuck all the forex brokers, too, while I'm on it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7
  • Oct 16, 2011 1:16am Oct 16, 2011 1:16am
Quoting travpip
Essentially the world is protesting against YOU
No they're not. They're protesting against the world's current financial/corporate elite. I say it's about fucking time!

We're all for capitalism here. - I love capitalism, I do however despise corporatism. It's a shame that most can't seem to differentiate between the two.

Quoting The Fool
Fuck Wall Street. Fuck too big to fail. And fuck all the forex brokers, too, while I'm on it.
+1

Nice sig by the way. William Blake is cool.
  • #8
  • Oct 16, 2011 1:34am Oct 16, 2011 1:34am
Basically, the protests are about bailing out the very same banks who took the excessive risk taking gambles that led to their eventual bailouts.

There is reasonable frustration and anger and finally action toward highlighting the falsehood of a "free and open market".

I, like the poster above, feel very strongly about bank nationalization. If the executives at the banks want to form seperate entities to join the rest of us in the hit-or-miss world of risk....then fine....but let's not allow them to defer that risk onto the American public.

They should have never been able to straddle the risks they were taking on the faith and good credit of the american people. I didn't sign up for that as a citizen.

If I want to lose money trading then I lose it, I won't run to the president asking him to help me or I will threaten to take the country down with me....

ridiculous....foolish.....pathetic
  • #9
  • Oct 16, 2011 2:19am Oct 16, 2011 2:19am
Quoting The Fool
I would be doing engineering work instead of dicking around playing pip collection because there would be engineering work to do - and there ain't much of it anymore because the banks won't lend on projects, afraid to take on any kind of risk. And of course all the State and local goverments are broke.
there are a ton of engineering jobs all over the USA I just did a few searches on job sites, I had no clue there are so many openings, then I came across this write up

http://www.cnbc.com/id/44888058
  • #10
  • Oct 16, 2011 2:22am Oct 16, 2011 2:22am
everyone forgets one big fat thing, that banks have no interest in lending money to people who cant pay back and that they always demanded down payments

BUT people protested that the banks GREEDY banks are demanding down payments thus not allowing them to achieve the american dream of home ownership, the gov forced banks to drop the down payment demand and here we are today.

THESE gimme gimme people never get anything, you might think they will do well now just like you think if a candle is going up it will continue going up forever, as fast as this bowel movement came, is as fast it will be flushed down the NATIONAL toilet.
  • #11
  • Oct 16, 2011 2:35am Oct 16, 2011 2:35am
Quoting Hedge212
there are a ton of engineering jobs all over the USA I just did a few searches on job sites, I had no clue there are so many openings, then I came across this write up

http://www.cnbc.com/id/44888058
"engineering" is a big word and it covers alot of ground.

In civil engineering we design and build roads, water works, wastewater treatment plants, port facilities, railworks, airports, etc. These large pojects are typically publically funded. With the public entities strapped for cash, the public projects market is quite slumped. Smaller privately funded civil works correlate to the housing market: new housing developments require new roads, new water and wastewater and storm drainage utilities. This market has dried up along with the housing market. I know dozens of civil engineers who are out of work. Local government agencies have laid off hundreds in the last few years. Land surveying firms, architects, many out of business in the last few years. Public sector jobs for civil engineers will typically get 100+ qualified applicants.

True, though - there are jobs going begging in manufacturing. Lots of computer engineering jobs that can't be filled.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12
  • Oct 16, 2011 2:39am Oct 16, 2011 2:39am
Quoting Hedge212
BUT people protested that the banks GREEDY banks are demanding down payments thus not allowing them to achieve the american dream of home ownership, the gov forced banks to drop the down payment demand and here we are today.

THESE gimme gimme people never get anything, you might think they will do well now just like you think if a candle is going up it will continue going up forever, as fast as this bowel movement came, is as fast it will be flushed down the NATIONAL toilet.
what a crock of shit. Poor banks was forced to loan money to deadbeats cuz da guvmint made em do it. Go fuck yourself with that dumbass republican party line bullshit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13
  • Oct 16, 2011 3:18am Oct 16, 2011 3:18am
Quoting d4amenace
Basically, the protests are about bailing out the very same banks who took the excessive risk taking gambles that led to their eventual bailouts.
That, I agree with: TARP was a success.
  • #14
  • Oct 16, 2011 3:21am Oct 16, 2011 3:21am
Quoting The Fool
what a crock of shit. Poor banks was forced to loan money to deadbeats cuz da guvmint made em do it. Go fuck yourself with that dumbass republican party line bullshit
I am not a repub nor am I a dem. I believe there will be a fair system when people can vote on all major issues,

but on the topic of what caused the banks to hand out junk loans, please educate yourself, im no right wing left wing or any wing,

http://en.wikipedia.org/wiki/Community_Reinvestment_Act
  • #15
  • Oct 16, 2011 3:21am Oct 16, 2011 3:21am
Quoting Hedge212
everyone forgets one big fat thing, that banks have no interest in lending money to people who cant pay back and that they always demanded down payments

BUT people protested that the banks GREEDY banks are demanding down payments thus not allowing them to achieve the american dream of home ownership, the gov forced banks to drop the down payment demand and here we are today.

THESE gimme gimme people never get anything, you might think they will do well now just like you think if a candle is going up it will continue going up forever, as fast as...
This makes me mad and furious. Unless you are a banker, this kind of thinking is a result of thorough brainwash.

The banks dropped down payments after they have sold all the loans they could to people who can afford down payments. Heck, they even started selling loans to people with no incomes at all because ALL the risk lies on the back of the tax payers (bail out). Today we know that banks don't take any risks -- we do it for them and no one asked us for permission.

The government is owned by the banks, the people (we) are owned by the government. It's not the other way around, facts contradict basic legislation!

I ask myself why don't we, the little retail Forex traders who trade their OWN money, don't get bailed out? I have never taken such blatant and stupid risk as most of the banks did, but still can't get any of the tax payers' money to cover my losses. And yes, individuals like me ARE a vital part of the economy -- like banks supposedly are, so it makes even more sense to bail out Forex traders in distress because individuals are also vital parts of society, family, nature -- you name it -- as well.

I propose to the FX retail trader community: Let's increase our trading positions tenfold and go out on the streets and demand equal rights to everyone!

Imagine trading with no risk at all -- this is the real holy grail of trading.
  • #16
  • Oct 16, 2011 3:21am Oct 16, 2011 3:21am
Quoting ha-pattern
That, I agree with: TARP was a success.
huge success compared to what would of happened if there was no TARP
  • #17
  • Oct 16, 2011 3:40am Oct 16, 2011 3:40am
Quoting battlebutt
This makes me mad and furious. Unless you are a banker, this kind of thinking is a result of thorough brainwash.

The banks dropped down payments after they have sold all the loans they could to people who can afford down payments. Heck, they even started selling loans to people with no incomes at all because ALL the risk lies on the back of the tax payers (bail out). Today we know that banks don't take any risks -- we do it for them and no one asked us for permission.

The government is owned by the banks, the people (we) are owned by the...
going easy on deadbeats and junkies never worked out
  • #18
  • Oct 16, 2011 4:17am Oct 16, 2011 4:17am
Quoting Hedge212
going easy on deadbeats and junkies never worked out
I agree completely with this statement 100%!

That being said, it's so much more depressing when the deadbeats wear suits and ties and carry briefcases to 'work' everyday.

EVERY BANK and company that received a dime of bailout money was DEAD and BEATEN by any economic standard. Stop defending corporate welfare, it's far less dignified than defending starving schoolchildren.

The same administrations that can't find a dime for repairing schools, and building roads and bridges found trillions out of thin air INSTANTLY to keep an absolute retarded failure of a financial industry treading water... for a whole 3 years.

Tarp as success? Retards are rolling over in their drool at that one.

The Banks had a huge interest in loaning as much as possible to people who can't pay it back, they've had this interest ever since they obviously had D.C. in their back pocket to pick up the tab. I would put that date to around 1913.

The financial industry bailouts were the biggest heists in recorded human history. That's what people are protesting about. Whether the majority of protesters can express their positions in such a coherent manner is another matter altogether.

People should read history books and know the definitions of words before they use them. Collusion between the private and public sector has a definition and it's had one for a very very very long time. It's called FASCISM.

  • #19
  • Oct 16, 2011 4:49am Oct 16, 2011 4:49am
Yeah protests are not about the regular Joe retail trader or even capitalism, its about financial institutions destroying the economy and nobody being held responsible. Not only no one goes to jail but they're also not allowed to fail and get pardoned for their shity risk managements. So to the thread starter and other people, please, no more bullshit. Let's keep the eye on the ball.

And while I'm at it how about those "we are the 53%" protesters. Not one ounce of blame to the people responsible. These are people of modest means. Funny to see they're getting fucked just the same by the system. I mean how big are their brainwashed submissive a-holes, don't these people feel any pain?
  • #20
  • Oct 16, 2011 7:34am Oct 16, 2011 7:34am
Where were all the protestors in 2008 and 2009?
When TARP was initiated and then extended?

They were hiding behind big screen TVs, playstations, and their Xanax prescriptions,
casually observing the potential meltdown of the western world.

Perhaps some had fears of whether they would be able to go
to the ATM and actually get money dispensed.

90% of the 99%er's basically just read the 'headlines'
and went about their daily routine.
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