Occupy Wall Street
Many people decry the situation in which America currently finds itself, but not everyone has a solution readily at hand.
I offer a solution: no more INTEREST.
Interest is a component of the economy that doesn't exist in the money supply. Interest was designed as a form of compensation for those who would lend out monies, or as a way for their money to accrue value while being borrowed by others.
Here's the problem:
Today, we're going to see two sides of the opinions of the Occupy Wall Street movement.
Let's start with this: "WASHINGTON (Reuters) - The Occupy Wall Street movement is a big enough problem for U.S. banks that they should pay for opposition research into the political motives of protesters, said a firm that lobbies for the industry. Clark Lytle Geduldig & Cranford, a Washington-based firm, proposed the idea ..."
I'm listening to CBS 880 AM Radio, when I hear a very curious item issue forth.
MF Global seems to have "misplaced" over a BILLION DOLLARS of investors' funds.
A bit later on, the missing funds have "shrunk" to $600-700 million.
I’m amazed at the over-reaction, in some quarters, to Occupy Wall Street. A bunch of young adults who have nothing better to do, thanks to the lousy economy engineered by those older, sit around in a park and beat on some bongo drums, and suddenly the world is coming to an end. I get the feeling certain people and media outlets are outraged they aren’t doing anything that would allow them to be arrested and thrown in jail. The reason, I believe, is that Occupy Wall Street is undoing the carefully engineered amnesia about the events of and leading up to the financial crisis of 2008, followed by a mass attempt to deflect blame elsewhere and gut any new financial regulation. But there is a way for Occupy Wall Street to really, really terrify the top one percent.
Chanting “End Capitalism” isn’t going to get it done, because once alternatives are considered not only would most Americans prefer the free market alternative, but probably most of those in Occupy Wall Street would as well. Given who controls our federal and state governments, would they really want to give those governments even more power and control over their lives? To decide where they could shop, what they could buy, what would be charged, where they would work and what those working in different fields would be paid – presumably based on campaign contributions and connections with powerful lobbyists? Would they really want to have no alternative to “Too Big to Fail” state-connected organizations, and no possibility of them being challenged by new, competing organizations? No. But there is a very capitalist chant that would have the top one percent recoiling in terror and sputtering with rage. That chant is…“Cut Executive Pay In Half and Increase Dividends.”
Last Friday, I visited a friend of mine who watches tons of television. The show 20/20 was on, and I caught most of the episode, which starred Stephanie Madoff Mack, the stepdaughter of Bernard Madoff. Stephanie was married to Mark Madoff, the son who committed suicide after turning in his father for his various malfeasances. She has put out a book, titled "The End Of Normal", which highlights the sequence of events that eventually led to the arrest and incarceration of Bernard Madoff.
They have determined, as I have, that O'Hara was unjustly tried for VOTING.
In Thursday's edition of Metro, the front page and page 2 feature signs that depict Wall Street as being owned by "Zionists" and by "Hitler's Bankers, respectively.
One thing that you should note is that BOTH SIGNS WERE PENNED BY THE SAME PERSON. Check out the penmanship of the words "Wall St." on both signs.
The fun just never ends.
Christopher Ketcham has a new piece just posted in Orion Magazine, titled “The Reign of the One Percenters: Income Inequality and the Death of Culture in New York City.” Find it here: http://www.orionmagazine.org/index.php/articles/article/6470/
John Kennedy O'Hara is still fighting the good fight:
New York City Mayor Michael R. Bloomberg continues to miss the point of the Occupy Wall Street movement.
Before I get to this, you should check out Christopher Ketcham's piece for the Albany Times-Union in regards to the OWS Movement - is it a movement, or is it street theater?
It's truly disheartening to see our mainstream media and our elected officials' failed attempts to marginalize the public protest termed the Occupy Wall Street movement.
The U.N. is said to be contemplating delaying the vote on the application for Palestinian statehood - http://www.latimes.com/news/nationworld/world/la-fg-un-palestinians-20110921,0,4194458.story - at the same time, former NYC Mayor Edward Koch is praising President Obama for his premptive vote denying them statehood.