Actually, if you study your history, the true 1% (banks, scammers, etc) were never even touched, why do you think this system keeps regenerating itself? people lined up against the wall were usually the upper middle class and the skilled workers, so I'd say everyone participating in this forum would be screwed.Obviously, the reason why the '99%' are so poor is that the '1%' are so rich.
Why don't you guys all get together, line the '1%' up against a wall, and shoot them.
Then watch the cash pour in.
It's happened before...It'll happen again...why delay the inevitable?
Meet the new boss....same as the old boss....
Why would he need a piggy bank? He's already got taxpayers...president could use it as a piggy bank
Do you know WHY there was a housing crisis? Seriously?This most recent housing crisis is another example - practically the entire world economy was taken down by predatory lending practices and a loosening of leveraging guidelines for banks and investment firms. Deregulation allowed a relatively small number of people in this world to destroy the life savings of countless hard working, honest people - all in pursuit of profit. This works? I don't doubt that capitalism creates a self-regulating system, but as Keynes showed government intervention is necessary to damp the wild oscillations of the free market. Otherwise the rest of us become grist to the mill.
No need to get snarky, we're all adults here.Do you know WHY there was a housing crisis? Seriously?
Look up the CRA act of '74, that started the housing bubble rolling, it was expanded in the mid 90's despite protests that the "bubble would break", they expanded it anyway. The bubble broke. Everybody is SHOCKED.
If there wasn't government legislation that essentially forced banks to hand out home loans to anybody with a pulse, those loans would have never been made. I agree the .gov put it into action then left it alone, rather than at least monitor/intervene some, but they didn't.How is this not an example of a inadequate government regulation and intervention in the free market?
I couldn't agree with you more here.I think the government tries to regulate too many things, especially in areas where the regulation is to buy votes rather than actually protect American citizens from harm.
Even so, if what you're saying is true, then it still isn't working properly. If there is no "side effect" of a richer community on the whole, then something isn't right. That was really all I was trying to say. The Occupy Wall Street movement is attempting to raise awareness of the problems that face capitalism and the U.S. nowadays. They're not trying to really do anything. They know that banks won't go out of business just because they're camping out in the middle of the city. They're only there to remind people that there is something wrong with the "capitalism" we practice today.The fact that it results in a society that is richer (on the whole) than it otherwise would be is a beneficial side effect. Not its purpose.
Agree, except that it is not 1%. The trillionaire global elite that are fraudulently bankrupting the world consist of roughly 0.0001% -- some 4 orders of magnitude lower. They introduced the nefarious concept of debt-based money that must be loaned into existence and requires a continuous expansion of the money supply to function. To collapse the system, all they have to do is to withhold credit--they are doing this now as they did in 1929. These people are immune to such protests and own virtually all politicians of both parties.Fortunately, in every industry except banking, it is in the best interest of the company to get the money back to the people. Banks on the other hand like to see money tied up (in their pockets) so that the people have to come to them for loans, which get paid out to the other industries. That's why I have a problem with the OWS crowd; they are going after anybody who is rich, and rich people aren't the problem. banks are.
1% & 99% -on that point, they are right, the 1% are the ones in charge of the banks. the 99% is everybody else. when you start throwing aroun 30%/70% and 20%/80%, now you're talking about rich people.
Please do not confuse Fee-Enterprise with Capitalism. What we have today is actually Fascism (big business linked with government) that includes banking, the military-industrial complex, insurance, medicine, big pharma and big Ag (Monsanto). This stuff is anything but Free-Enterprise and attempts to squash such by all possible means.Even so, if what you're saying is true, then it still isn't working properly. If there is no "side effect" of a richer community on the whole, then something isn't right. That was really all I was trying to say. The Occupy Wall Street movement is attempting to raise awareness of the problems that face capitalism and the U.S. nowadays. They're not trying to really do anything. They know that banks won't go out of business just because they're camping out in the middle of the city. They're only there to remind people that there is something wrong with the "capitalism" we practice today.
no, never heard of Alex Jones, but maybe I should be?Sounds like you've been listening to Alex Jones...
clams up about the fact that our enitre monetary & government system is overcome with a cancer that can't be cut out. A cancer that goes to the very root. several generations of it, and everybody is involved. The only way out of it is a total wiping of the slate and start over. Everybody knows that's true but it makes them cringe to think of it, so they would rather not speak of it.Clams up about what,you need shorter post,too much information
I agree, that is exactly what I feel is happening. The U.S. has practically turned to Fascism, but people still claim it's Capitalism. That's why I put capitalism in quotation marks in my last post. We are not actually practicing capitalism, though we still say we are. That is my point--the U.S. needs to re-think its direction and turn itself around. Capitalism has gone down the toilet in this country. We need to find a way to bring it back.Please do not confuse Fee-Enterprise with Capitalism. What we have today is actually Fascism (big business linked with government) that includes banking, the military-industrial complex, insurance, medicine, big pharma and big Ag (Monsanto). This stuff is anything but Free-Enterprise and attempts to squash such by all possible means.
Continuing in the same direction through positive infinity brings us full circle to negative infinity or Communism.
OK, how would we go about changing things? The people in charge are the only ones that can make the changes. The one thing they have learned from history is "don't kill the goose that lays the golden egg". The only way it can be changed is a revolution. And don't see that happening.these things I say, always a show stopper. Why is that? nobody wants to talk real about the real issues. Seen it enough times to call it a trend. Now if I dropped some politics I would get plenty of bites. people love to divide themselves over R vs D, C vs L. Squabble over the finer details but don't anybody address the root of all the problems. No, you start talking about that, and everybody clams up.
no amount of ammendments are going to change it. You are absolutely right on all counts. What we need is a revolution, and it's not going to happen. Why? because the American people are so damned apathetic. We've let ourselves be lulled into a state of utter complacency. We would not discomfort ourselves long enough to right the wrong. This will be our downfall. We will turn our own freedoms over to the hands of the coming dictatorship if it is the path of least resistance.OK, how would we go about changing things? The people in charge are the only ones that can make the changes. The one thing they have learned from history is "don't kill the goose that lays the golden egg". The only way it can be changed is a revolution. And don't see that happening.
If there was a new Constitutional amendment made that ALL government officials were like the presidency - two terms maximum - things might get better. Don't think the founding fathers meant for a person to spend their whole life in one position. The longer some one holds a position of power, they get more corrupt. Don't believe it just look at history of the ones that have been in politics, more corrupt ones than honest ones.
There should be a way of the majority of the people to introduce a change to the Constitution of the US, just like in most state constitutions.
Things will have to get a lot worse before anybody gets inspired to make them better, and by the time that happens, it will probably be too late.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--
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