Occupy !

[Fred Sherman]

It was "the poor" defaulting on their mortgages that brought down the global economic system. Yeah, that sound reasonable.

http://en.wikipedia.org/wiki/Late-2000s_financial_crisis

The financial crisis was triggered by a liquidity shortfall in the United States banking system in 2008.[3] The collapse of the U.S. housing bubble, which peaked in 2007, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[4] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined.[5] Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.

On September 30, 1999, The New York Times reported that the Clinton Administration pushed for more lending to low and moderate income borrowers, while the mortgage industry sought guarantees for sub-prime loans:

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers... In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980s.[36]​

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Here's how it plays out:

• The Clinton administration pushed for less stringent credit and downpayment requirements for working- and middle-class families.
• Fannie Mae/Freddie Mac offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
• Home buyers took advantage of easy credit to bid up the prices of homes excessively.
• Congress continued to support a mortgage tax deduction that gave consumers a tax incentive to buy more expensive houses.
• Greenspan encouraged Americans to take out adjustable rate mortgages.
• Democrats thwarted the Bush administration's attempt to provide needed government oversight of the increasingly dicey mortgage-backed securities market (video above)
• Mark-to-market accounting makes assets be worth less on paper than they are in reality during times of panic.

I'm pretty sure this was in the news. How'd you miss it?

 

[Fred Sherman]

those protest they are not right or left , not democrt or repuplican ....

what is happening in the US ... since the Iraq war the US becoming more dictator than a Democratic government (worldwide dictator) ... as of now it became internal dictator to ... US want to play in every single country ... bring down what they see as a threat to them ... and support killers and dictators allover the earth ... and stop to hear the voice of human that is killing every day ... and more they give a green light to do so ! ... US speak of humans right and spreading democracy ... but they spread the killing and dictators .... now they don't hear the voice of the voters inside there democracy !

Truth time: http://www.reuters.com/article/2011/10/13/us-wallstreet-protests-origins-idUSTRE79C1YN20111013

This isn't even an American movement! Its a foreign movement using Americans as useful idiots, as Lenin used to say.

There has been much speculation over who is financing the disparate protest, which has spread to cities across America and lasted nearly four weeks. One name that keeps coming up is investor George Soros, who in September debuted in the top 10 list of wealthiest Americans. Conservative critics contend the movement is a Trojan horse for a secret Soros agenda.

Soros and the protesters deny any connection. But Reuters did find indirect financial links between Soros and Adbusters, an anti-capitalist group in Canada which started the protests with an inventive marketing campaign aimed at sparking an Arab Spring type uprising against Wall Street. Moreover, Soros and the protesters share some ideological ground.

So much for being non-political and bipartisan.

So who is Adbusters?

The Vancouver-based group, which publishes a magazine and runs such campaigns as "Digital Detox Week" and "Buy Nothing Day," says it wants to "change the way corporations wield power" and its goal is "to topple existing power structures."

Not too far off from being terrorists, from the sounds of it.

Grassroots movement, right? Put together by Americans over civil and financial dissatisfaction? Maybe not...

Adbusters, whose magazine has a circulation of 120,000 and which is known for its spoofs of popular advertisements, came up with the Occupy Wall Street idea after Arab Spring protests toppled governments in Egypt, Libya and Tunisia, said Kalle Lasn, 69, Adbusters co-founder.

"It came out of these brainstorming sessions we have at Adbusters," Lasn told Reuters, adding they began promoting it online on July 13. "We were inspired by what happened in Tunisia and Egypt and we had this feeling that America was ripe for a Tahrir moment."

But wasn't this a spontaneous, grass roots movement? Isn't this about issues, financial reform and corporate greed (whatever that is)? Hmmm... seems not.

The protests began in earnest on September 17, triggered by an Adbusters campaign featuring a provocative poster showing a ballerina dancing atop the famous bronze bull in New York's financial district as a crowd of protesters wearing gas masks approach behind her.

Dressed in anarchist black, the battle-ready mob is shrouded in a fog suggestive of tear gas or fires burning. Some are wearing gas masks, others wielding sticks. The poster's message seems to be a heady combination of sexuality, violence, excitement and adventure.

[Certainly explains the hippie factor. All they're missing is drugs and rock and roll.]

The truth is out there, you just have to be willing to look for it. This is a foreign led, anti-American, socialist movement aimed at creating civil unrest in the US. This is what you find when you "look long and hard at the reality of their situation". Its not democracy, its dupes being used for economic terrorism.

 

[John]

^^^Wish I could give more than one like for the above post! "Useful idiots" ring a bell to anyone? This is anything but what the left-leaning mainstream media would have you believe. What is coming, I believe, is worse than what anyone is willing to talk about openly...let me just say that the 2nd Amendment to the US Constitution will come in very handy to the common man. Mark my words.

 

[erich37]

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[Fred Sherman]

How sad to see people manipulated by anti-American, anti-capitalist, anti-democracy foreign interests, all the while thinking they are doing something democratic and American.

It was the misdirection of social and financial dissatisfaction that allowed an Austrian to take control of Germany. Will people never learn?

 

[erich37]

How sad to see people manipulated by anti-American, anti-capitalist, anti-democracy foreign interests, all the while thinking they are doing something democratic and American.

you mean like this ?

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[kkm323]

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A picture is worth a thousand words

 

[grant sarver]

Truth time: http://www.reuters.com/article/2011/10/13/us-wallstreet-protests-origins-idUSTRE79C1YN20111013

This isn't even an American movement! Its a foreign movement using Americans as useful idiots, as Lenin used to say.

So much for being non-political and bipartisan.

So who is Adbusters?

Not too far off from being terrorists, from the sounds of it.

Grassroots movement, right? Put together by Americans over civil and financial dissatisfaction? Maybe not...

But wasn't this a spontaneous, grass roots movement? Isn't this about issues, financial reform and corporate greed (whatever that is)? Hmmm... seems not.

[Certainly explains the hippie factor. All they're missing is drugs and rock and roll.]

The truth is out there, you just have to be willing to look for it. This is a foreign led, anti-American, socialist movement aimed at creating civil unrest in the US. This is what you find when you "look long and hard at the reality of their situation". Its not democracy, its dupes being used for economic terrorism.

So, there are Nazi/Racists who donate to and support the Republican Party, therefore the Republican Party must be Nazi/Racist?

Same thing in the 60's when all protesters were branded communist because there was communist support. Can't you understand there is unrest and discontent. Of course there are those who would use that for their own ends. That does not mean there is not unrest and discontent.

 

[EQnoble]

Arbitrary power is most easily established on the ruins of liberty abused to licentiousness.

George Washington​

 

[grant sarver]

[Certainly explains the hippie factor. All they're missing is drugs and rock and roll.]

So, what are "hippies without drugs and rock and roll"?...............Citizens! Just a little different from you!

 

[Digital Doctor]

I'm pretty sure this was in the news. How'd you miss it?

I'm pretty sure that video makes very little sense.

I think the timeline provided below will enable you to see whom is mostly responsible for the financial crisis .... that would be Republican presidency.

 

[Paul B]

There are none so blind as those who will not see.

 

[HydraulicJack]

Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson ​

Nice quote from a famous rabble rouser.

 

[HydraulicJack]

Some say that the occupy wall street is a Soros-backed misdirection of discontent towards a generic "Wall Street" to keep all of this protest energy away from (again, what some consider to be: ) the more appropriate target of the (privately owned) "Federal" (sic) Reserve Bank and its license to counterfeit.

 

[EQnoble]

Remember you can't fool everyone...but if you fool the right ones, the rest fall behind.

 

[Jason]

I'm pretty sure that video makes very little sense.

I think the timeline provided below will enable you to see whom is mostly responsible for the financial crisis .... that would be Republican presidency.
View attachment 20066

I'm pretty sure our current financial crises is a result of years (spanning longer than 10 years) of failed policies supported by both Democrats and Republicans a like. And our inability, as a nation, to hold our leaders accountable and take an interest in our government longer than a single day every two years. All this finger pointing that goes on between Democrats and Republicans is simply unproductive, and serves as nothing but a distraction. Both parties are part of the problem.

How does that idiom go... "Fool me once, shame on you; fool me twice, shame on me."

 

[EQnoble]

http://video.google.com/videoplay?docid=-1656880303867390173
from 59:16

 

[RastaLulz]

Capitalism has been proven to everyone in the world that it failed.

Capitalism hasn't failed, corporatism has. It's key that you realize what each of those are, and don't associate one with the other, as you have.

 

[Fred Sherman]

you mean like this ?

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Logic is always a useful tool in determining the truth in anything.
Premise: The US invaded Iraq for oil.

First, lets start with where the US gets its oil:

Saudi Arabia - 56.2 million barrels
Mexico 53.8 million barrels
Canada 46.2 million barrels
Venezuela 20.2 million barrels
Nigeria 19.3 million barrels
United Kingdom 11.7 million barrels
Iraq 11.6 million barrels
Kuwait - 5.9 million barrels
Norway 4.5 million barrels
Algeria - 1.2 million barrels

We clearly didn't go to war over 4.5% of our oil supply. Need more proof? The political situation in Mexico with the cartel violence is far more damaging to the US. It would cost far less the mobilize our military. We could indeed make airstrikes from any base in the US, even as far away as Loring AFB, ME. And it secures far more oil.

Besides that, does it make sense that the US would invade an oil rich country, help rebuild it, install a new government AND THEN LEAVE, if it was all about oil? And we did it three times. Twice in Iraq, once in Kuwait.

Average gas price in the US: $3.45
Average gas price in Bagdad: $0.75

To any thinking person, the empirical evidence in irrefutable. The US gained nothing by removing Saddam other than rid the world of a dictator.

 

[Fred Sherman]

So, there are Nazi/Racists who donate to and support the Republican Party, therefore the Republican Party must be Nazi/Racist?

Same thing in the 60's when all protesters were branded communist because there was communist support. Can't you understand there is unrest and discontent. Of course there are those who would use that for their own ends. That does not mean there is not unrest and discontent.

There is a big difference between "use" and "instigate", isn't there?