Occupy Wall Street – a first hand assessment
I feel that this movement is a result of people starting to catch on to what’s really been going on with our monetary system and the problems it has evolved into. The real answer is to repeal the Federal Reserve System and go back to how the founding founders originally layed out for Congress to manage the money system of this country. Obviously the group that has benefited will fight this tooth and nail and everything in between to keep it from happening.
Chris is very clear about OWS… and the future of our children… If you dont have time… it’s important to see starting at 6:00
[quote=jneo]Military Speaking out and Smacking FOX news and that punk Hannity[/quote]
The Marine who spoke last "Everyone here gets along as ONE family" This is the most important lesson for the next generation because when things go south regarless the only things that will be left to make life bearable and meaningful will be family, friends and community. This is how OWS is winning and will keep winning.
This, more than anything, is what has angered people around the world: that one segment of society should inure itself against the pain it has helped inflict on everyone else. The protests by the “indignant ones” have finally reached Wall Street, where the whole mess began. It is true that the protesters only articulate their indignation, without setting out any realistic alternative. But it is a big mistake to dismiss these voices for that reason.
They just don’t seem to have the courage to say OWS but how else can one interpret “indignant ones” other than OWS protestors.
NEW YORK (TheStreet) — After spending a week in Boston hanging out with the thought leaders of fund management at an industry conference, one thing shocked me. Top portfolio managers are not opposed to Occupy Wall Street (OWS).
Why? OWS is all about the wisdom of crowds versus the madness of mobs seen on Wall Street. In Boston, not a single person I talked with was negative about this leaderless revolution.
This is what is happening on the streets of American cities right now. People somehow figured out that Wall Street was violating the basic rules of diverse opinions that led us down the path of the subprime meltdown. Here’s the short list that proves my point.
I don’t have to be right, and you can think for yourself. That’s what OWS is about. There is a united front questioning the system. My take on it is: capitalism versus corrupted finance. Save finance and you save capitalism. Add this idea to the pile of votes and find the mean. We can all come up with the answer.
A quick tutorial from Steve Keen at OccupySydney, via @Ian_Fraser.
Asked at a news conference if the document could become a manifesto for the movement of the "indignant ones", who have criticised global economic policies, Cardinal Peter Turkson, head of the Vatican’s Justice and Peace department, said:
"The people on Wall Street need to sit down and go through a process of discernment and see whether their role managing the finances of the world is actually serving the interests of humanity and the common good."
"We are calling for all these bodies and organisations to sit down and do a little bit of re-thinking."
Edited to say, an opinion, by the way of why the Vatican would weigh in,
The Catholic church is very socialist in its nature. They really believe what is written in the Bible. They do not pay basically “anything” like protestant pay their ministers. It is a small stipend.
That is why:
behaviours like "selfishness, collective greed and hoarding of goods on a great scale," adding that world economics needed an "ethic of solidarity" among rich and poor nations.
Great Discussion: Charlie Rose:
in DEPTH and Intelligent on Occupy Wall Street…
Both Amy Goodman and Chris Hedges…
The New York City General Assembly website has a section for a recently-formed Alternative Banking group, which has started meeting on Sundays from 3:00 to 5:00 PM. You can read the notes from last week’s session here.
Despite the title, this is NOT about moving your money. An alternative economics committee had already started on that effort and the alternative banking committee agreed to let them run with that ball. Although this group is still in the process of deciding what it is about, it appears to be moving towards making fundamental, wide-ranging critiques and proposals.
Anyone is welcome, and the group would particularly benefit from the input of people with capital markets, regulatory, and wholesale banking expertise. The group already has some members with relevant experience (SEC, major hedge fund, investment banking) but more depth would be of great benefit.
Please sign up at the NYCAG webpage to find the meeting location. There is also a dial in number if you are not in NYC and would still like to take part.
This is one of the areas which I predicted OWS would move into but didn’t imagine it would happen so fast. Perhaps they are doing this for their own protection but OWS is learning from first hand experience how to bypass an unstainable system. Besides the 3Es CM has pointed out the future economics will be, friends and community and that makes the participants winners.
This is still in drafing state: