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Essentially the world is protesting against YOU

  • #41
  • Oct 17, 2011 9:48am Oct 17, 2011 9:48am
Quoting travpip
99% of the world is protesting at what your "trying" to achieve.........

99% of the world? I wouldn't call a few dozen lazy feckers that have nothing better to do with their time 99% of the world.

We need muppets like that, someone has to clean my pool and pick up the dogshit.

I am all for cutting entitlements even more, why should my taxmoney go to these lazy feckers, let them work for it.
  • #42
  • Oct 17, 2011 10:11am Oct 17, 2011 10:11am
Quoting kibescorp

Trading/investment if the art of stealing money legally. Simple as that. Success or failure in the market is what separates the strong from the weak. No cockroaches are going to influence how I think or what I do, legally, physically, or otherwise.
As much as living on Earth means stealing resources from other beings.
Retail trading was open so that experienced and informed could profit from new crowd. Now if each and every one of retail traders was losing and there was not a single profitable retail trader there would be no reason for others to jump in the game. Those few who can make it are like advertizing of this business.
  • #43
  • Edited 11:01am Oct 17, 2011 10:43am | Edited 11:01am
Quoting kibescorp
True capitalists have a "fuck society" attitude.

If I gave a crap about what some cockroaches thought, I wouldn't be trading.

(...)

Trading/investment if the art of stealing money legally.
No it's not. Trading (i.e. buying and selling) has existed for centuries and has nothing to do with "stealing".

Your post is full of ignorance and is but a projection of your severe lack on moral fiber. It is people like you with their "I'll get rich and fuck everything else (people, the economy, earth... everything)" attitude that are at the root of the real problem in my opinion, not "capitalism" per se.

As with everything, the capitalistic system is just a tool that can be used consciously for great benefit, or used irresponsibly in an eventually destructive way. The choice is inevitably ours and our fate will depend on it. - Looking at the current state of things I am not very optimistic about this. I believe the next few decades will truly determine the fate of the human race.
  • #44
  • Oct 17, 2011 11:37am Oct 17, 2011 11:37am
Quoting cloggie
99% of the world? I wouldn't call a few dozen lazy feckers that have nothing better to do with their time 99% of the world.

We need muppets like that, someone has to clean my pool and pick up the dogshit.

I am all for cutting entitlements even more, why should my taxmoney go to these lazy feckers, let them work for it.
First off, the idea and attitude that all the people protesting are just lazy hippies who want a free ride is absolute, utter fucking horse shit and you're a tool for thinking it. Yes, there are retards who want all their college loans forgiven. There are retards who want a free ride. There are always going to be idiots like this at protests, you will never find a protest free of morons. It's nice that Fox News and the like tend to focus on these people instead of people with legitimate concerns (gee, wonder why?), but they are not the majority.

The reasons they are there are many, and they're all legitimate concerns for society. Pick your poison:

*Increased concentration of power to financial and political elites
*High unemployment and underemployment
*Lack of affordable education to compete in an increasingly globalized economy
*Political/Financial Corruption
*Unsustainable rise in wealth & income equality / Corporate socialism: the redistribution of wealth for the last three decades from workers to owners, wages to profits, poor to rich, and households to corporations

Why should you care? Time and time again throughout history, wealth has concentrated in the hands of a few, only to be violently redistributed to the hands of many. Unregulated capitalism leads to increasingly large credit bubbles and asset boom/busts, and destructive financial crises.

The "welfare state", of which many right-wing blowhards seem to have virtually zero historical perspective for, was created to sustain capitalism. The alternative is what you are beginning to see now-- masses of pissed off people for whom the system has not worked for, and the end result is not a pretty picture.

Economic systems that do not address wealth inequality are destined to fail, and unless this inequality is addressed (which I find unlikely), these protests are going to become more severe which is going to hurt political and economic stability even more.
  • #45
  • Oct 17, 2011 11:43am Oct 17, 2011 11:43am
From the Financial Times, yesterday. Even the goddamn Financial Times is saying things are not right.

http://www.ft.com/intl/cms/s/0/76a7c...#axzz1b49CFCvw

Quote
A month ago the disparate band of protesters who set up camp in downtown Manhattan’s Zuccotti Park to decry the excesses of capitalism were seen as little more than idealistic youth, doing what youth tend to do. Today only the foolhardy would dismiss a movement reflecting the anger and frustration of ordinary citizens from all walks of life across the world.

So far the protests in the US have been largely peaceful. They may be diffuse and inchoate. But the fundamental call for a fairer distribution of wealth cannot be ignored. What is at stake...
  • #46
  • Oct 17, 2011 4:08pm Oct 17, 2011 4:08pm
seagreen, why are you at all involved in trading? You're so against Wall Street, et al, isn't the Retail Market too closely associated?

Quoting seagreen
http://en.wikipedia.org/wiki/Lobbyin...ture_by_sector
Yes, and of course the politicians are helpless victims of the Financial Institution Lobbyists. Can't think for themselves. Clearly, based on their actions since 2008, Obama, Pelosi and Reid are zombified dolts who do only the bidding of Paulson and his ilk.
  • #47
  • Oct 17, 2011 4:47pm Oct 17, 2011 4:47pm
Quoting Rob Mondave
seagreen, why are you at all involved in trading? You're so against Wall Street, et al, isn't the Retail Market too closely associated?



Yes, and of course the politicians are helpless victims of the Financial Institution Lobbyists. Can't think for themselves. Clearly, based on their actions since 2008, Obama, Pelosi and Reid are zombified dolts who do only the bidding of Paulson and his ilk.
Please point me to where I said I'm against Wall Street. Financial institutions play essential part in the economy and their main goal is to effectively allocate capital. They are not only uncapable of fulfilling their primary goal but they also cause damage to US and world economy. You don't have to be an economist to understand that financial system has to be reformed.

The wiki link I brought was just an answer to Sauron's comment about government. Politicians are not victims, they are simply loyal to those who brought them to power.
  • #48
  • Oct 17, 2011 5:37pm Oct 17, 2011 5:37pm
Quoting seagreen
Please point me to where I said I'm against Wall Street. Financial institutions play essential part in the economy and their main goal is to effectively allocate capital. They are not only uncapable of fulfilling their primary goal but they also cause damage to US and world economy. You don't have to be an economist to understand that financial system has to be reformed.

The wiki link I brought was just an answer to Sauron's comment about government. Politicians are not victims, they are simply loyal to those who brought them to power.
OK, Attack Mode off...

When you write that Financial Institutions have a goal to allocate capital, it sounds like what you're really saying is that they have an obligation. I disagree. Financial Institutions are just a larger (much larger) version of you and me. Their goal is to make money, and don't have an obligation to anyone but clients and shareholders.

Some reform might be good, as long as it addresses the cause and not just a symptom. Bank's engagement and subsequent malaise with sub-primes is a symptom; the government which deregulated and encouraged them, all in the name of the Warm Fuzzies, is the cause.
  • #49
  • Oct 17, 2011 11:40pm Oct 17, 2011 11:40pm
Quoting kibescorp
True capitalists have a "fuck society" attitude.

If I gave a crap about what some cockroaches thought, I wouldn't be trading.

This is an equal opportunity market. Anyone has an opportunity to succeed. Not my fault everyone else fails miserably and suck at their lives.

I don't give a rat's ass if some disgruntled LOSERS are unhappy about their sorry, miserable existences. They can rant and rave all they want and watch me continue to "steal" everyone's money.

If I actually cared what they thought, I'd be LAUGHING about it. Too bad I don't...
Wow, this one is a winner. A true capitalist? more like a teenage capitalist wannabe without human values. The new blood.

There's a lot of people that think this way, unfortunately.

These are the folks that have to point out how stupid everyone else is because they don't know how to count pips, or don't know what a bond is, or what a bank is. They're stupid because they chose a low paying job which everyone depends on, instead of becoming traders or investment bankers which don't contribute anything meaningful to society. What a bunch of fucking hippies and deadbeats huh?

Ignorant population, unjust system of laws, income and wealth disparity, no concern but for oneself, and the fuck you attitude are signs of a decaying civilization.
  • #50
  • Oct 18, 2011 3:09am Oct 18, 2011 3:09am
Quoting Sauron
Right. Corporations, investment banks, conspiracies, killed presidents, fat cats.

The morons on the streets are financially illiterate. They have no idea where the money come from, what is the role of the government and the role of the banks, what a bond is or what the FED is doing.

The root of the problems is ALWAYS the government, its spending and its promises. Would Greece be in this situation if its governments wouldn't have borrowed like crazy against the smallest fiscal discipline, just to pay people until the next election? And...
Many years ago I read all the works of Frank R Wallace. The works entitled Neo Tech.

 Wallace was shot down in flames as he was not for religion of any sort and he was denounced as almost the devil.
 His premise was that we control our mind and do not need “outside sources” like religion.
 In his huge work Wallace predicted and detailed the evolution of mans MIND and consciousness. It’s almost weird how accurate his writing are.

 Today with the world in financial crisis we see “meetings” of the political elite on the TV. Recently the G20 so called summit.
They all sat there (about 100) beamed happiness and smiles, no doubt staying in plush hotels and scoffed top notch food
 It’s hardly surprising people like working for the government is it, given the salaries and expenses.
Plus if you saw the “expense scandal” in the e UK where MPs claimed cash for installing duck ponds and buying toilet rolls you get an insight into how deep this institutional fraud really is.
 In the UK there are 600, yes you read correctly 600 MPs in a tiny country plus all the hangers on and form fillers, plus devolved parliaments with MPs and their hangers on plus EMPs and their hangers on. Rant over sorry.

 Anyway back to my point, Wallace went into detail about how

 · The political elite and lazy hangers on would move into unprecedented power
 · The political leaders and hanger on would usurp power and money.
· They would use non sequiturs to distort the truth for their own ends.
 · They would lie and cheat to stay in power.
 · They would see anyone who disagrees with them as a real threat and will crush them.
 · They would implement layer after layer of complex laws to enslave the population.
 · They would recruit 1000s of government officials with clip boards and give them the power to close a business and ruin the owner.
 · They would steal people’s money through taxation and waste it without making any form of contribution.
 · They would try to control the media.
 · They would use law backed with guns and fists to destroy anyone who raised a voice in dissent.
 · They would attack businesses and business leaders and paint them as evil.
 · They would use the hoax of “we are only doing this for your good” method to implement draconian laws.
· They would use obscure laws to seize assets.
· They would ride on the back of, so called good causes so they can be seen as “the protector of the people” and so kept in power.
· They would implement “we are only protecting you the people” laws that eventually ensnare everyone.
 · They would regulate every facet of life and use the regulations to control everyone and lie about the real motive for the laws
 · They would convince society business leaders are the enemy and must be controlled.

 The list goes on and you could say its possibly slightly paranoid..(or could you!). He also said that over time this fraud and these usurping parasitical elite lazy class would be seen for what they are and would eventually be thrown out.
Perhaps we are seeing the beginnings of what he said

 Anyway...back to investing. I don’t like to call it trading lol
  • #51
  • Oct 18, 2011 3:43am Oct 18, 2011 3:43am


Inserted Video
  • #52
  • Oct 18, 2011 5:10am Oct 18, 2011 5:10am
Quoting GoldMan.


http://www.youtube.com/watch?v=74tsT...el_video_title
What a fuking embarrasment, they dont even have a clearly defined REASON for being there. Their all over the place without no clear direction!

Shame really...
  • #53
  • Oct 18, 2011 7:12am Oct 18, 2011 7:12am
Quoting Rob Mondave
OK, Attack Mode off...

When you write that Financial Institutions have a goal to allocate capital, it sounds like what you're really saying is that they have an obligation. I disagree. Financial Institutions are just a larger (much larger) version of you and me. Their goal is to make money, and don't have an obligation to anyone but clients and shareholders.

Some reform might be good, as long as it addresses the cause and not just a symptom. Bank's engagement and subsequent malaise with sub-primes is a symptom; the government which deregulated...
When the system works properly making profit is only possible by effectively allocating capital. If the capital is misallocated it should be destroyed through losses. Just years before the crisis financial institutions enjoyed enormous paper profits and employees received big bonuses, but it wasn't because they made smart investments, it was due to:

- deregulation of financial institutions and practices;
- easy monetary policy by the Fed.

We can blame some of these institutions, but the evidence points that they are working together. Politician's campains are financed by banks, government executives are ex-bankers, the Fed is partly governed by banks and its monetary policy is not independent as it should be (at least under Greenspan).

Btw, the capital has not been destroyed yet. It is still on the Fed's balance sheet bought from "too big to fail" and paid with taxpayer's money.
  • #54
  • Oct 18, 2011 11:19am Oct 18, 2011 11:19am
Quoting Pipalicious
What a fuking embarrasment, they dont even have a clearly defined REASON for being there. Their all over the place without no clear direction!

Shame really...
The embarrassment is these hit pieces focusing on a handful of less-than-educated protesters and the attempt by the media, by and large, to portray these protests as just filled with weed smoking college age hippies who want free handouts. Thankfully they have stood long enough (and will continue to, no doubt) that the media is being forced to cover them earnestly.

The economic and political system (since they are essentially hand in hand these days) is not functioning as it should; people are pissed. They don't need exact details of what percentage of wealth is owned by who, and they don't need exact plans for how to fix it-- they are not policy makers, they are regular citizens. Fixing the issues is the job of our elected politicians, not John Doe.

Criticizing the protesters for not fully understanding all the issues (when it's quite clear that many here, kibescorp as a perfect example, couldn't be further from understanding the issues themselves), or for not having iron-clad plans for fixing the system is such a lame and transparent attack to de-legitimize the movement it'd be laughable if not for the fact that a good chunk of the country (Republicans, in particular) are buying it.

They're all lazy marxists and socialists! Just like their great-grandparents, amiright? 25% of Americans during the Great Depression were just lazy marxists who wanted government handouts... Unbelievable what shit people are willing to say due to their own ignorance.
  • #55
  • Oct 18, 2011 3:59pm Oct 18, 2011 3:59pm
Quoting Pipalicious
What a fuking embarrasment, they dont even have a clearly defined REASON for being there. Their all over the place without no clear direction!

Shame really...

They are waiting for you to organize them.
  • #56
  • Oct 18, 2011 5:23pm Oct 18, 2011 5:23pm
Being on one side of Capitalism doesnt make u support it all , everything have good and bad sides .

USA encouraged the guys to spend , and to spend u need to have money , and since u dont have enough money for spending , u borrow and pay later , now that u cant pay later u have 2 to blame , urself and the financial illiteracy (the country ) that brought u to shit holes .
  • #57
  • Oct 19, 2011 1:28am Oct 19, 2011 1:28am
Quoting pip_seeker
They are waiting for you to organize them.
I would help where possible of course, yet i live in Europe, so i help out in Spain.

Unfortunately, like Smittens4212 said, media focuses on the few who dont have a clue what their protesting for, what their aims are, and why they are there in the first place.

Look at the group that say they want to destroy capitalism...what is wrong with capitalism? Nothing.

It is the corruption of people in the capitalistic environment that should come to an end, NOT capitalism itself.

Over here in Spain, recently a group of police agents got paid for their "extra hours of work for the month of September"...wanna know the average of each cop?

22.000euros. A cop dude! a fucking cop!

Back to the wallstreet thingy, you have other groups that want "peace", "hapiness" blablabla...dude! what the fuck man? So, you get a chance to truly say what everybody thinks, and they come out with that shite? lol...

They need clear direction and common goals, as far as i see it they are all over the place...yes, theres strengh in numbers, yes, a revolution could potentially kick off...but without a clear common goal that actually makes sense, they wont get anywhere.
  • #58
  • Oct 19, 2011 5:08am Oct 19, 2011 5:08am
Quoting Pipalicious

They need clear direction and common goals, as far as i see it they are all over the place...yes, theres strengh in numbers, yes, a revolution could potentially kick off...but without a clear common goal that actually makes sense, they wont get anywhere.
The biggest problem with capitalism is greed. You got banks posting profits in the Billions. Sorry that's excessive for a bank, they are robbing someone to do that.

Especially when they post profits of Billions and just before that there's going to be a new charge on using the debit card.

I think the wall street thing will eventually work into a political "vote them out" theme because elections in the US are just around the corner...

Other parts of the world... I believe most of it is distrust of those making decisions.... and lying in wait for the next shoe to drop.
  • #59
  • Oct 19, 2011 7:22am Oct 19, 2011 7:22am
Quoting travpip
99% of the world is protesting at what your "trying" to achieve.........
do you care? do you think its true?
Oh please,, they are not 99% of anything, and 90% of them don't have a clue as to why they are even there.. Gullible's being used as tools..

The media and their 24/7 news cycle are no longer in the business of "Reporting" the news they are selling a product and attempt to manufacture the news any chance they get..

Agenda.
  • #60
  • Oct 19, 2011 11:04am Oct 19, 2011 11:04am
Quoting tommyd
Oh please,, they are not 99% of anything, and 90% of them don't have a clue as to why they are even there.. Gullible's being used as tools..

The media and their 24/7 news cycle are no longer in the business of "Reporting" the news they are selling a product and attempt to manufacture the news any chance they get..

Agenda.
Right, agenda. And what agenda do you think is in play when for the better part of a month, most major news organizations were downplaying these protests as much as possible; "there's only a handful of protesters", "they're all socialists", "bunch of lazy hippies who want government handouts", etc.

Please, do some thinking for yourself. The media agenda is quite clear here, and you're playing directly into it. "Gullible's being used as tools", tell me more!
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