Occupy Wall Street heats up

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Aireman said:
So your saying the WORTH of shares have gone down for the past ten years due to the devaluation? So... the market is actually down and not flat?
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look at purchasing power of the $. It's much lower than it was 10 years ago. have to look at relative rates of change. there are charts out there, I don't have one at my finger tips. see if can find or make one tonight.
 
A stronger dollar over time usually means a stronger economy and a stronger market - the dollar could see the 120 level once Obummer is out of office.
 
Birchtree said:
A stronger dollar over time usually means a stronger economy and a stronger market - the dollar could see the 120 level once Obummer is out of office.
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Wouldn't putting us back on the gold standard do that? Did Nixon mess things up when he took us off?
 
Say it isn't so! George Soros was found guilty of insider trading.:nuts:

I wonder if the protestors on Wall Street hold leftist inside traders in the same contempt as Wall Street brokers?
 
alevin said:
look at purchasing power of the $. It's much lower than it was 10 years ago. have to look at relative rates of change. there are charts out there, I don't have one at my finger tips. see if can find or make one tonight.
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keeping a committment. Here's a chart of recent activity.
dollar_spx.chart.jpg Take note that when $usd goes up in purchasing power, market goes down. This chart is not adjusted for inflation. market goes up as your dollar buys less=takes more dollars for same value. makes people feel good when their stocks go up, distracts them from fact they're paying more at the pump, in the grocery store.

For a pair of charts showing longer term-here's one for purchasing power of the dollar..and another for inflation-adjusted spx-back to the 30s.


http://www.campaignforliberty.com/blog.php?view=17796


http://www.advisorperspectives.com/...te-secular-trends-with-regression-channel.gif

As for devaluation since I entered jr. high...
We chose to allow the Federal Reserve to inflate away 95% of the purchasing power of the USD since 1971. We chose to elect politicians that have driven the national debt from $371 billion in 1970 to $13.6 trillion today. We chose to support “free trade” legislation that allowed corporate CEOs to gut our industrial base and ship good-paying jobs to China, while filling the pockets of these executives with millions. We chose to spend rather than save and invest in our country. We chose to become a consumer debt-centered society, relishing in the cheap goods we could buy from China on credit. We chose low prices at Walmart (WMT) over small-business owners and sustainable domestic production of goods. Decades of bad choices cannot be reversed through taxation, tariffs, and quotas.
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http://www.minyanville.com/business...hawley-tariff-act/2/4/2011/id/32619?page=full
 
I have to put in my 2 cents. I like the protests because it brings attention to the frustration many people have. Their 401k have taken a huge hit many have lost their jobs and are feeling helpless. It's not that they want handouts like many here say (btw, I am sick of that stereotype) they want to work and be productive. The financial crisis has caused many to lose jobs and their houses to be foreclosed. This was caused by greed and fraud on the part of wall street and Washington. Yes, people should have known better than to buy a house at the top. They got caught up In the greed and are paying the price. The frustration is that the big wall street types made out like bandits. They became richer. How did that happen? They want them to feel the pain they caused. Yet there is outrage at the idea of taxing the 1%. Class warfare they call it. Well, there is class warfare but it's in the other direction. Just as we are in a situation where these folks need help we want to pull the rug out from under their feet? I hope those here who complain about helping these folks never need a helping hand when they are down on their luck. It's easy to say those things when you are not affected. When you have a job, healthcare, pension, etc. Before you rant back at me, just think for a moment. Really and honestly put yourself in those shoes. Try to imagine. Perhaps you have confidence that you could make enough money to care for your family. But, what if you couldn't ?
 
Every time I see dumbo eggplant on TV I get nauseous - the protesters earned their problems by voting democrat. They need to protest the policies that created their individual situations. And nothing will change until Obummer is turned out of office.
 
clester said:
I have to put in my 2 cents. I like the protests because it brings attention to the frustration many people have. Their 401k have taken a huge hit many have lost their jobs and are feeling helpless. It's not that they want handouts like many here say (btw, I am sick of that stereotype) they want to work and be productive. The financial crisis has caused many to lose jobs and their houses to be foreclosed. This was caused by greed and fraud on the part of wall street and Washington. Yes, people should have known better than to buy a house at the top. They got caught up In the greed and are paying the price. The frustration is that the big wall street types made out like bandits. They became richer. How did that happen? They want them to feel the pain they caused. Yet there is outrage at the idea of taxing the 1%. Class warfare they call it. Well, there is class warfare but it's in the other direction. Just as we are in a situation where these folks need help we want to pull the rug out from under their feet? I hope those here who complain about helping these folks never need a helping hand when they are down on their luck. It's easy to say those things when you are not affected. When you have a job, healthcare, pension, etc. Before you rant back at me, just think for a moment. Really and honestly put yourself in those shoes. Try to imagine. Perhaps you have confidence that you could make enough money to care for your family. But, what if you couldn't ?
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<clapping>... Thank's for being the voice for reason when a few would rather just paint the protesters as deadbeats and criminals. This is not a Democrat or Republican protest, but a call for action against the greed and corruption that caused this financial crisis at the top while not being held accountable for that crisis. We already discussed that Wall Street and their lobbyist own congress and have institutionalized corruption in the laws of this country and having TARP and QE1-2 providing money to these corporations and banks that caused the crisis was a slap in the face to all Americans. Trickle down does not work but only enriches the rich.

I'm tired of this false argument/threat that if we, the people, speak out against this corporate greed and corruption, then we will not have the means for upward mobility as there will not be jobs or high wages because the corporations whose existence is to make money will not have the means to hire people. This is the job-creator myth being applied to the top 1% and corporations. When they are talking about job-creation, they are not thinking about in America. Bring jobs home and pay your taxes at the Clinton rate and then you will be job-creators. JMO

Clester - +1
 
Birchtree said:
Every time I see dumbo eggplant on TV I get nauseous - the protesters earned their problems by voting democrat. They need to protest the policies that created their individual situations. And nothing will change until Obummer is turned out of office.
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Easy, easy. Let's keep it civil young man.
 
i'm going to say i am not the most "inform" on politic

BUT

i dont think any president would want to go down as the worse president in history, and OBAMA has a lot on his plate. He surely dont want to go down as the first African American president that cause the economy to crash, that would cause an uproar and racism to be once again ignite, maybe a little extreme but he is the first black president. I do tend to think that there is more to it then meets the eye, I really do think he is trying but sometime congress is blocking him, do i have proof? no but I do think Obama is trying his best to keep it going. again i am not with either side, its just something i catch here and there while learning this investing business
 
Obummer because of his arrogance waded into the deep end of the pool - knowing full well he didn't know how to swim. He is now a drowning man and whose fault is that. Blame it on the lifeguard...Herman Cain will do a good job because he is experienced.
 
law87 said:
i'm going to say i am not the most "inform" on politic

BUT...
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We actually don't want political talk here. That's for www.beltwaytalk.com. I'm trying to let this thread continue because of its impact on Wall Street but if it just turns into pure politics, which it seems to be doing (thanks B :rolleyes:) it will be closed.

This isn't directed specifically at you law87. I just used your statement to make the point. If you want to talk about politics - www.beltwaytalk.com. If you want to talk about the protesters affect on Wall Street, give it a try.

I would consider starting another political forum here if I thought we could pull it off by keeping it civil, but after what we went through a couple of years ago, I don't think it can be done.
 
Pray for snow in the big apple if you don't agree with the Occupy mob. If you study the photos of the crowd and their signs its easy to see this is a bunch of communists, anarchists, socialists and other neer-do-wells.

Bill Ayers is applauding this bunch while CNN likens it to the Boston Tea Party. Hah its easy to figure out what's really going on here if you want to know.
 
law87 said:
i'm going to say i am not the most "inform" on politic

BUT

i dont think any president would want to go down as the worse president in history, and OBAMA has a lot on his plate. He surely dont want to go down as the first African American president that cause the economy to crash, that would cause an uproar and racism to be once again ignite, maybe a little extreme but he is the first black president. I do tend to think that there is more to it then meets the eye, I really do think he is trying but sometime congress is blocking him, do i have proof? no but I do think Obama is trying his best to keep it going. again i am not with either side, its just something i catch here and there while learning this investing business
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I thought Bill Clinton was the first Black President?:blink::p:D
 
How do 99% of the people in this country not have the majority of power:
Only 39% of those vote regularly.
How do Canadians buy a web address (occupywallstreet.org) for a movement against an American Institution?
Registrant Name:Kalle Lasn
Registrant Street1:1243 7th West
Registrant Street2:
Registrant Street3:
Registrant City:Vancouver
Registrant State/Province:British Columbia

Funded by an ad campaign paid for by…See above for who owns adbusters.org Note 1


Adbusters Media Foundation
Who describes itself as "a global network of artists, activists, writers, pranksters, students, educators and entrepreneurs who want to advance the new social activist movement of the information age.” Note 2

So if I draw a line from this movement to its backers, it’s a socialist movement paid for by socialists (make sure to visit their store!) So, then I can denounce this particular movement as socialist? Right?
I can understand being upset at Wall Street, but shouldn’t 99% of the people be able to stop 1%? Last time I heard how things go, majority rules.
Also, the last time I heard, Wall Street trades shares owned by people, like you and me, and they have the right to make money….you want to change the way businesses actually do their business? Buy their shares and have a voice. Take your movements and monetize their positions in these businesses and then make them operate at the moral/ethical way you want.
“Obama said he understood the public's concerns about how the nation's financial system works and said Americans see Wall Street as an example of the financial industry not always following the rules.” Note 3
Then why is Secretary Holder not filing charges against every major corporation that has broken these rules?
Rights are rights, privileges are privileges. Everyone in this movement shouts they have a right to education, a right to healthcare, a right to a job. But that’s not true, the right is to go to school, right to acquire health care, right to seek employment.
99% of the people need to influence those who have the right to vote. I urge those serious enough to want to change the culture of economics do so where Americans have the most power…not in the streets, but at the polls.
Let's have direction with our vision!

Note 1 Whois occupywallstreet.org/adbusters.org
Note 2 adbusters.org/about/adbusters
Note 3 Reuters link
 
Here's what they're really protesting. More jobs eliminated by Obama. I thought he told his "Jack Booted Thugs" to lay off the medical marijuana people!:D
 
Who owns the website is irrelevant. Implying that the protestors are sheep and just following a website is insulting.

Money is power in this current system. If citizens were allowed to vote on the legislation that changed campaign contribution rules and allowed corporate tax cuts laws then blame us, but that is not the case. Money allows politicians to get in office and the biggest contributors are corporations who want their investment to pay off by getting more tax cuts and favorable legislation that make the ordinary citizen poorer either due to job loss due to out-sourcing or a financial crisis caused by the repeal of laws that allowed banks and wall street to make risky investments. Next someone will point out that citizens vote for these politicians and can vote them out, but the system is designed in such a way as to make it impossible to get elected without money and therefore corporate backing. It is a rigged system, corrupt and greedy.

Protest have been a time tested and honorable response for the ordinary citizen in times of social and political inequality. Fix the problems and the protest will go away. Until then, more people will see the cracks in the system. Revolution takes time and we will see if this is big enough to affect real change. Meanwhile, trying to connect this demonstration of frustration to the market volatility is speculative in real time. History will be the judge.
 
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