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Thread: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by TurtleDude View Post
    I see South American Anal wart Hugo Chavez is backing the OWS rabble.


    Chavez slams "horrible repression" of U.S. protests - Yahoo! News
    Perhaps a bit off topic but,

    Just got back from a concert of the Yale Jazz Emsemble.

    Listening to and watching these kids makes you feel that there is still greatest in America.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise


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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by sangha View Post
    In that case, you don't get the facts

    Commodity futures are not derivatives
    They are: Derivative Definition

    There's no point argueing against financial instruments, it's just a piece of paper, it's how it's used. People can use money for corruption, it doesn't make money a bad financial instrument.

    As to how it's used: it's not easy to regulate the financial markets, it's changing so fast, a lot of the people who uses these new instruments sometimes don't fully understand it, let alone the regulators. These are smart people who are sometimes PhDs in mathematics. If you ban one sort of derivative, another will pop up that do about the same thing but in a way that get around the law. If you ban shorting, you create an imbalance in the market for price discovery. One way it can be improved though is to make the transactions more transparent, though it would costs the firms more.

    These bankers' job is to make money, they deal with abstract numbers and care only about how to move it around so it results in bigger bottom lines, so blaming them for doing their job well doesn't make a lot of sense, if you allow the job to exist. What can be done is highlighting the tie between the money and the politicians, but thousand of years of history have shown that most politicians will do what the money tells them to do.

    BTW, I totally supported the bailout, it would have been much worse for the everyday folks if the banks were allowed to fail, resulting in actual widespread runs on the banks. The FDIC could not pay all the deposits it insured if confidence were not restored to the system.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by ElijahGalt View Post



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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Eighty Deuce View Post
    This is one of the three legs of the stool on which we pretty much agree. "Trade" is not as it used to be. We have no advantage as Americans that others cannot replicate almost overnight, paying dirt wages. Access to our markets has been made too easy for too many paying dirt.

    The second leg is local energy development, as we import too much from elsewhere.

    The third is a completely new tax code, where influence has no value.
    The strong arm that we still hold is that we have the market that everyone wants access to. IMO, if you want access to our markets then you have to play by our rules. Rules like, you can't ignore our patents and sell us pirated **** made by the children in your prisons.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

  6. #546
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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Frolicking Dinosaurs View Post
    News the violence by law enforcement has apparently gone global. Was just reading an international discussion board taking about an escaped prisoner the FBI located in Portugal:
    The gist of the discussion is that Portugal should not return him to the US because the videos of what the police are doing to peaceful protestors and Gitmo prove the US cannot be trusted to give the prisoner even basic human rights. The Portuguese courts have not yet decided if he will be returned to the US or not.
    I have to say that's quite illogical. Just because some police spray on protestors doesn't mean the police cannot be "trusted to give the prisoner even basic human rights". Do the police event run the prison system? The guy hijacked a plane, if there's an extradition agreement, he should be sent back to the US to face the US justice system as his accomplices have. If the prison system is mistreating inmates, let's see those evidence and deal with it since it's a separate issue.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by jasonxe View Post
    I have found humor!

    LOL! That was great. That last guy needs to grow a sense of humor and calm the crap down.


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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Catawba View Post
    So what is your feeling about this video you posted?
    I feel bad for the police at the end. It looks claustrophobic where they were, if you were caught in what you think are a hostile group of hundreds of people, wouldn't you act out in defense of yourself? It's the policeman who went around spraying people indiscriminately that helped these protestors cause. And police actions like seeming to lead the protestors onto the bridge then turn around and arrest them. The protestors are doing about the same thing - baiting the police into violence is also a kind of entrapment.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by TurtleDude View Post
    when you see crap coming from those losers such as getting rid of all existing debt (ie stealing from banks, lenders etc) what you see are thieves and parasites
    Yep, kind of like people that complain about paying their fair share of taxes......
    Last edited by upsideguy; 10-11-11 at 12:50 AM.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Mellie View Post
    LOL! That was great. That last guy needs to grow a sense of humor and calm the crap down.
    Yeah, the dude from the government was a prick.

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