"Occupy Wall Street" movement another example of people power

[DeletedUser16008]

That's the thing, Keynesian economics is the key to managing the issues presently plaguing the U.S. and the world as a whole, but it lost its favor in the pre-Reagan era, and in there Reagan found his opportunity to present an economic model that is fundamentally flawed and which birthed our present crisis.

Nooo Keynesian economics are not the way either. the only way is a return to the gold standard and reset the debt clocks letting the pain be swift and severe.

 

[DeletedUser]

Hi Desi, will need to pull up some reports, no time at the moment.

Nooo Keynesian economics are not the way either. the only way is a return to the gold standard and reset the debt clocks letting the pain be swift and severe.

That's not going to happen Victor. The old rule is not to pursue something that won't happen. Put your efforts into something that won't cause a full-on economic collapse and rebuild.

 

[DeletedUser16008]

Hi Desi, will need to pull up some reports, no time at the moment.


That's not going to happen Victor. The old rule is not to pursue something that won't happen. Put your efforts into something that won't cause a full-on economic collapse and rebuild.

I'm afraid your right its unlikely to happen,at the moment ..... unfortunately the dollar is going the way or the dinosaur ... extinct... Along with all other fiat currencies, its a historic fact no Fiat currency has ever done anything other than deteriorate and then disappear.

Consider this,Up to 2,000 ATM gold ATM machines are being installed in China as the late JP Morgan said " Gold is money and nothing else"

It seems the Chinese understand this. In the coming decades the Yuan is likely to be atm a major player, if the Chinese decided to peg to gold thats what will happen. And the Chinese, Indian and a lot of other Asian countries set a very high gold saving rate, and im not talking about your 9 or 14k rubbish By then the western currencies will be all but just bits of paper.

At some point this century its highly likely the torch will be fully passed to Asia as the main currencies, they have pretty much horded and still doing so. If they don't get suckered in by the debt mountain theory I think we will indeed see something backing currency again.

 

[DeletedUser]

gold atms are nothing new and are all over the world, China is merely new to the novelty.

 

[DeletedUser]

Here's 5 things most Americans don't know: http://ca.news.yahoo.com/5-facts-wealthiest-1-percent-203405855.html

 

[DeletedUser1121]

 

[DeletedUser]

There are also a lot of people coming out of school with master's degrees and unable to find a job.....

 

[DeletedUser]

There are also a lot of people coming out of school with master's degrees and unable to find a job.....

can this really be proven? does anyone know someone with a master's degree right out of school who can't find a job that is actively looking.

 

[DeletedUser16008]

can this really be proven? does anyone know someone with a master's degree right out of school who can't find a job that is actively looking.

Yes in the sense they cant find something they "want" no real excuse to be jobless its a question of not being fussy and trying everyday.. My kid works as a volunteer in a charity shop on Saturdays studies fulltime and works in a local chemist after college weekdays paid...shes 16

 

[DeletedUser]

I've met quite a few people with masters degrees who are servers (waitstaff).

Getting a degree in French Poetry is not a very good job getter.

 

[DeletedUser]

I've met quite a few people with masters degrees who are servers (waitstaff).

Getting a degree in French Poetry is not a very good job getter.

now who's fault is that? If you get a worthless degree like French poetry or philosophy you are not going to get that great of a job.

 

[DeletedUser]

this is just me being idealist, but if there was no income gap, people would have time for cultural pursuits and contribute to enriching the human experience.

 

[DeletedUser]

I don't think the income gap has anything to do with people having time for cultural pursuits. You make time for what you love.

 

[DeletedUser]

well it's more like people can't choose to major in the arts because 'it doesn't make any money', so they have to choose something that does. the arts are their passion, yet it now has to be secondary to their 'real job.'

 

[DeletedUser28032]

Art is one of those things where you have to be really good to make a living out of it and when you consider that most famous artists such Van Gough didn't actually make any money until after they were dead means its best to wait tables in order to supplement your income via art.
But as Victor said yes you could get a job after leaving university if your happy to work in McDonalds, but if you actually want to get a job as a civil engineer and use that degree you've studied for, then its somewhat harder to find one
in the current climate

 

[DeletedUser]

According to Stats Canada... Most of the jobs that have been created are part time jobs, and most of those workers are older people who do have experience. According to a think tank (I forget which, sorry), a healthy economy can get those who graduate from University get a job. Over 30% Of University students in Canada, are either unemployed. A good portion of the rest have jobs which aren't utilizing their degrees, and barely make more than minimum wage.

 

[DeletedUser]

If you can't do what you love then love what you do. I still believe that hard work, persistence, and excellence ultimately pays off.

If you have a marketing degree and can't get a job out of college at a marketing firm, get a job as a waiter, learn a little about the real world, start a marketing campaign for the place you work at.

BE THE BALL

Quit waiting for somebody else to make your dreams a reality. Quit thinking somebody is keeping you down and go out and actually do something about it. If you want to be an actor, go out and act. If you want to be a musician, get an instrument and practice the heck out of it. Don't do those things for money, do them because they make you feel good. If you get good at it, then you will make money at it one day. Don't ever let anyone trample your dreams though. Just go out and do the things you love.

 

[DeletedUser]

The problem is, unless you're 'good enough', that won't happen. Lots of people spend their whole lives doing their passion but never get anywhere. They may be happy with less money, but it's a sad deal in any case.

 

[DeletedUser]

If you are passionate about something then money does not even play into it. You do something for the love of it.

 

[DeletedUser]

well I knew it would come to this! parts of the OWS movement have turned to violence. now I haven't seen much come across the big pond but I can see it happening any day now as the US OWSers try and fight for the freedom of their companions over seas.

http://news.yahoo.com/riot-police-fire-tear-gas-protesters-rome-144624306.html

ROME (AP) — Italian police fired tear gas and water cannons as protesters in Rome turned a demonstration against corporate greed into a melee Saturday, smashing shop and bank windows, torching cars and hurling bottles.
The protest in the Italian capital was part of "Occupy Wall Street" demonstrations against capitalism and austerity measures that went global Saturday, leading to dozens of marches and protests worldwide.
Black smoke billowed into the air in downtown Rome as a small group broke away from the main demonstration and wreaked havoc in streets closed to the Colosseum.
Protesters clad in black with their faces covered threw rocks, bottles and other objects at police in riot gear. Some had held clubs, others had hammers. They threw an incendiary devices and firecrackers at banks, destroyed bank ATMs and set trash bins on fire, news reports said.
Two news crews from Sky Italia were assaulted.
TV footage showed police in riot gear charging the protesters and firing water cannons at them.
The ANSA news agency said some protesters trashed offices of the Defense Ministry and of a labor agency, smashing windows with clubs and setting cars on fire.
Police were out in force as up to 100,000 protesters were expected a day after Premier Silvio Berlusconi barely survived a confidence vote in Parliament. Italy is rapidly becoming a focus of concern in Europe's debt crisis.
"People of Europe: Rise Up!" read a banner in Rome. Some peaceful demonstrators turned against the violent group and tried to stop them, hurling bottles, Sky Italia and ANSA said. Others fled, scared by the violence.
At least one man was injured as he tried to stop some protesters from hurling bottles.
Anarchist groups have often infiltrated demonstrations in Italy in the past. ANSA said four people from an anarchist group were arrested Saturday morning before the demonstration, with police seizing helmets, anti-gas masks, clubs and hundreds of bottles in their car.

edit: the story has been updated here is the update

http://news.yahoo.com/rome-protest-against-corporate-greed-turns-violent-132401879.html

ROME (AP) — Tens of thousands nicknamed "the indignant" marched Saturday in European cities as protests against capitalism and austerity measures went global. Violence broke out in Rome, where some protesters smashed shop windows, torched cars and attacked news crews.
The "Occupy Wall Street" protests that began in Canada and spread to cities across the U.S. moved Saturday to Asia and Europe, linking up with anti-austerity demonstrations that have raged across the debt-ridden continent for months.
Black smoke billowed into the air in downtown Rome as a small group of violent protesters broke away from the main demonstration. They smashed car windows, set vehicles on fire and assaulted two news crews of Sky Italia, the TV reported. Others burned Italian and EU flags.
Police were out in force in Rome, which expected up to 100,000 protesters a day after Premier Silvio Berlusconi barely survived a confidence vote. Italy, with a national debt ratio second only to Greece in the 17-nation eurozone, is rapidly becoming a focus of concern in Europe's debt crisis.
"People of Europe: Rise Up!" read one banner in Rome. Some peaceful demonstrators turned against the violent group and tried to stop them, hurling bottles at them, Sky and the ANSA news agency reported. Others fled, scared by the violence.
Around 4,000 people marched through the streets of Berlin, with banners that urged the end of capitalism. Some marchers scuffled with police as they tried to get near the country's parliamentary buildings. In Frankfurt, continental Europe's financial capital, some 5,000 people protested in front of the European Central Bank.
Wikileaks founder Julian Assange spoke to 500 demonstrators outside St. Paul's cathedral in London.
"The banking system in London is the recipient of corrupt money," he said, adding that Wikileaks would launch a campaign against financial institutions in the coming months.
Assange is on bail as he fights extradition to Sweden, where he is wanted for questioning over claims of rape and sexual molestation made by two women.
In the Bosnian city of Sarajevo, hundreds walked through the streets carrying pictures of Che Guevara and old communist flags that read "Death to capitalism, freedom to the people."
Another 500 people gathered to hear speakers denounce capitalism at a peaceful rally in downtown Stockholm, holding up red flags and banners that read "We are the 99 percent" and "We refuse to pay for capitalism's crisis."
The reference was to the world's richest 1 percent, who control billions in assets, while billions around the world live in poverty or are struggling economically.
"There are those who say the system is broke. It's not," trade union activist Bilbo Goransson shouted into a megaphone. "That's how it was built. It is there to make rich people richer."
In Spain, groups that became known as the Indignant Movement established the first around-the-clock "occupation" protest camps in cities and towns across the country beginning in May and lasting for weeks. Six marches are set to converge Saturday on Madrid's Puerta del Sol plaza just before dusk.
Portuguese angry at their government's handling of the economic crisis are protesting in downtown Lisbon later. Portugal is one of three European nations — the others being Greece and Ireland — that have already needed an international bailout.
A group of 100 prominent authors, including Salman Rushdie, Neil Gaiman and Pulitzer Prize-winning novelists Jennifer Egan and Michael Cunningham, signed an online petition declaring their support for "Occupy Wall Street and the Occupy Movement around the world."
Turnout was light in Asia, where the global economy is booming.
In Sydney, around 300 people gathered Saturday, cheering a speaker who shouted, "We're sick of corporate greed! Big banks, big corporate power standing over us and taking away our rights!"
Only 200 people protested in Tokyo, marching outside the Tokyo Electric Power Co., which operates the tsunami-hit Fukushima Dai-ichi nuclear plant, chanting anti-nuclear slogans.
"No to nuclear power!" marchers chanted as they held up banners.
In the Philippines, about 100 people marched on the U.S. Embassy in Manila to express support for the U.S. Occupy Wall Street protests and to denounce what they called "U.S. imperialism."
In Canada, protests were planned in Montreal and Vancouver as well as at the country's main stock exchange in Toronto.