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: '1%' CEO Confronts Occupy Protesters


Ulic Qel-Droma
12-06-2011, 09:18 PM
'1%' CEO Confronts Occupy Protesters mrcTV - YouTube

'1%' CEO Confronts Occupy Protesters mrcTV Part 2 - YouTube

http://www.youtube.com/watch?v=SjRTvX-wbtU

retards. owned.

there's a bunch of them out there, you guys can look the rest up, it's just the same idiots being owned.


I think the occupy wall street movement initially was a good idea, but now it's just turned into a cluster fuck of idiots that have nothing else to do and are dissatisfied with their lives because they chose the wrong path, or are just plain old failures at life.

the guy's right, it should be occupy white house.

Avery
12-06-2011, 09:25 PM
this man is a real hero

sindragon
12-06-2011, 09:27 PM
thank you so much for explaining that the government is fucked up, not them. Fucking hooligan retards are blinded by the truth

lol @ the top comment, *Alpha as fuck, owned her* LOL

BrRsn
12-06-2011, 09:29 PM
bunch of morons making circular arguments. The fact that one guy can successfully shut them all up just shows their intelligence lol.

R&R
12-06-2011, 09:29 PM
:joy::joy::joy:
watching these retards get owned TOOOOOOOO GOOOOOOOOOOD

jstn86
12-06-2011, 09:35 PM
http://thelaughingmarcus.files.wordpress.com/2009/08/so-much-win.jpg?w=445

MindBomber
12-06-2011, 09:36 PM
Are there idiots within the 99%, without question, that woman is one of them.

Are there idiots within the 1%, again, without question, Matt Zhang is the resident example.

Are there intelligent people on both sides of the movement, capable of having a real debate, yes. Now show me that, because a video like does nothing to advance either position. In my opinion, all this does is remind me why Americans have developed the reputation for generally being idiots.

will068
12-06-2011, 09:37 PM
Wrong fucking argument by the protesters. They shouldn't be protesting about tax rates of the rich. They should be protesting about the cronyism, corporatism, and overseas spending of the US government at the federal level.

In other words, don't hate the player, hate the game - especially if the game is allowing itself to become more and more rigged.

RacePace
12-06-2011, 09:42 PM
The protesters are just spewing shit they don't know about


brb jobs come from consumers

rJZx
12-06-2011, 09:46 PM
Are there idiots within the 99%, without question, that woman is one of them.

Are there idiots within the 1%, again, without question, Matt Zhang is the resident example.

Are there intelligent people on both sides of the movement, capable of having a real debate, yes. Now show me that, because a video like does nothing to advance either position. In my opinion, all this does is remind me why Americans have developed the reputation for generally being idiots.

Matt Zhang isn't part of the 1%... his parents are part of it :concentrate:

Nlkko
12-06-2011, 09:47 PM
They got owned alright, why do you think the 1% guy is CEO and the rest are clueless sheeps. Guy slaughterred sheeps like that everyday.

The people in the Occupy movement dont have a clue. They're only in it for personal gain--wealth redistribution--instead of the greater good of citizens--minimize political corruption. OWS started out as a performance art intented to create shock value rather than a political movement. That's why it has become the laughing stock of the 1%.

PiuYi
12-06-2011, 09:48 PM
omggg :bowdown::bowdown::bowdown:

GabAlmighty
12-06-2011, 09:49 PM
http://files.sharenator.com/nailed_it_Wow_You_Nailed_It-s404x404-223332-580.jpg

drunkrussian
12-06-2011, 09:51 PM
rofl so owned. it's like the type of guy you try to argue with but he already has 5 counterpoints to your one point. if anything, this motivates me to get more educated lol

lol black guy using slavery, walmart, rape victims as examples...this guy must be a student in a 2nd year business class with his shit examples facepalm

GoneGuru
12-06-2011, 10:03 PM
"Everybody here wants low prices!"
"NO WE DONT!!! NO WE DONT!!"

mb_
12-06-2011, 10:05 PM
I pay more taxes than all of you combined.

fuck that was epic

drunkrussian
12-06-2011, 10:10 PM
"Everybody here wants low prices!"
"NO WE DONT!!! NO WE DONT!!"


a walmart executive shed a single tear when that happened :ilied:

Ch28
12-06-2011, 10:14 PM
"I'm employing 150 people. How many do you employ?"

GAME.
SET.
MATCH.

Well done, good sir.

Datsun
12-06-2011, 10:21 PM
Lol this is like telling a chef how to cook. I have never witnessed such buttdevastation in my life.

parm104
12-06-2011, 10:22 PM
LOL what a bunch of tards...

"How much tax would you like me to pay?"

"How about you pay the same as the rest of us..."

"That's a tax cut for me..."

Why is this concept so hard to understand? Maybe the CEO's took high school Math and understand how percentages and ratio's work. More money you earn, more tax you pay. Less money you earn, less tax you pay, no?

EndLeSS8
12-06-2011, 10:23 PM
This was posted during the first week of OWS.

SFUguy
12-06-2011, 10:26 PM
peter schiff is a straight up capitalist. he has been a proponent of austrian economics for ages.

i would like to see him debate richard wolff. a marxian capitalist. that would be epic.

V4NC1TY
12-06-2011, 10:30 PM
so many ignorant people lol

Zyzz
12-06-2011, 10:31 PM
didn't know employing 150 people is considered 1%

Didn't watch all the videos. But the grounds were already set when he has the only mic, no matter what his arguments are.

Most of the important issues aren't even dealt with. Clowns arguing with clowns.

Culture_Vulture
12-06-2011, 10:31 PM
the people in the video:

http://suptg.thisisnotatrueending.com/archive/13585569/images/1295490659393.jpg

honestly. don't even speak if you can't organize your own thoughts and handle yourself in front of a camera

murd0c
12-06-2011, 10:35 PM
plain and simple that 99% of the protesters don't have a fricken clue what they are actually talking about. Yes they do have strong opinions about their point of views but there points are mostly invalid and they are mainly there to cause a scene cause that don't want to have to work for their money.

parm104
12-06-2011, 10:42 PM
didn't know employing 150 people is considered 1%

Didn't watch all the videos. But the grounds were already set when he has the only mic, no matter what his arguments are.

Most of the important issues aren't even dealt with. Clowns arguing with clowns.

Since when did the amount of people you employee make you apart of the 1%....I think it has something to do with his net worth of $70 Million, his credentials as a financial advisor and being globally recognized as an economic expert...

Nlkko
12-06-2011, 10:47 PM
He probably has never heard of boutique banks.

BaoTurbo
12-06-2011, 10:54 PM
Protesters just got shut dowwwwwwwn.

unit
12-06-2011, 10:56 PM
peter schiff is a hero of mine ive read his book and his dads
both great reads if you want the worlds economic structure simplified for you

Amazon.com: How an Economy Grows and Why It Doesn't (9780930374068): Irwin A. Schiff, Vic Lockman: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51BZEGZ9N3L.@@AMEPARAM@@51BZEGZ9N3L
Amazon.com: How an Economy Grows and Why It Crashes (9780470526705): Peter D. Schiff, Andrew J. Schiff: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51OfCY%2BdarL.@@AMEPARAM@@51OfCY%2BdarL

both highly recommended

b0unce. [?]
12-06-2011, 10:56 PM
so ignant

MindBomber
12-06-2011, 10:58 PM
I wonder how many people realize that tax rates have very little to do with the gap socio-economic gap..

Raise tax rates on the super wealthy by ten percent and nothing would change, no matter how those additional funds are utilized. If the additional tax revenue from the super wealthy were used to off-set a tax break directed towards low income earners, the vast majority of them would pittle away the tiny increase in income on fast food, iphones and something from off the sale rack at walmart. If the additional tax revenue were added to budget, it would be used by the American government with a level of efficiency so low it's mind boggling.

The gap has been growing exponentially over the last few decades, because corporations have taken over anything making it more difficult for independent businesses to compete.

see.lai
12-06-2011, 11:00 PM
my mind was blown..
LOL @ The black guy that called Peter and idiot :accepted:
He owned that woman that was a part of the 1% as well.
Who would honestly want to pay more taxes. We all work hard to get to our desired wages. Why should people work to make the same as everyone else?
:fulloffuck:

dat_steve
12-06-2011, 11:01 PM
i admire his ability to keep cool and not cuss the mob out. successful troll was successful.

niu99
12-06-2011, 11:02 PM
.

dogeatcookie
12-06-2011, 11:08 PM
^

:troll: ?

parm104
12-06-2011, 11:08 PM
I wonder how many people realize that tax rates have very little to do with the gap socio-economic gap..

That may be true, I personally don't know a whole lot about economics and finances; only logical reasoning. Even if tax rates have very little to do with the gap between upper class, middle class and lower class...why are "occupiers" so fixated on INCREASING taxes for wealthy people? Why are they insisting that wealthy people should pay even more than they already are? After all, this is all about the Occupy Movement and their goals and demands are what are relevant here...As mentioned earlier, they don't have a coherent plan, suggestions, or ideas on what they want or how they want to go about and bring this change. Have of them are too afraid to admit they want nicer things. Of course they want nicer things...Every one does...Isn't that why you want more money? To be able to afford better things, to be able to give your children and families more things?

I agree with a lot of what was said the 1% rep. in the video mainly because it just makes sense....We want CHEAPER products...So, these products get outsourced productions. Apple is still going to make X amount of profit whether they make their phones here or somewhere else. If they make them in the U.S. and end up spending more on production, they'll adjust their prices accordingly so that they can make the same profit they would if they were outsourcing.

Who thinks about the amount of jobs that were created/dismissed when they buy their cell phones? Who thinks about how much money could've been generated into their own country when they purchase a new car? I certainly don't...My main concern is to get a product that is of top quality for the cheapest price possible.

bloodmack
12-06-2011, 11:17 PM
i hate the majority of occupy wall street bs it honestly has achieved nothing, people still don't have jobs and still live off "food stamps".

Simplex123
12-06-2011, 11:24 PM
peter schiff is a hero of mine ive read his book and his dads
both great reads if you want the worlds economic structure simplified for you

Amazon.com: How an Economy Grows and Why It Doesn't (9780930374068): Irwin A. Schiff, Vic Lockman: Books (http://www.amazon.com/How-Economy-Grows-Why-Doesnt/dp/0930374061/ref=sr_1_2?ie=UTF8&qid=1323244536&sr=8-2)
Amazon.com: How an Economy Grows and Why It Crashes (9780470526705): Peter D. Schiff, Andrew J. Schiff: Books (http://www.amazon.com/How-Economy-Grows-Why-Crashes/dp/047052670X/ref=sr_1_1?ie=UTF8&qid=1323244536&sr=8-1)

both highly recommended

WTF THE DAD'S COMIC BOOK IS $150? I just googled it and got a pdf :fuckthatshit:

dachinesedude
12-06-2011, 11:30 PM
trying to teach basic economic theory to these dumbasses lol good luck with that

oh and that white lady got OWNED, totally stfu'd

ree666
12-06-2011, 11:45 PM
cute blonde in the background in the first vid.

1exotic
12-06-2011, 11:48 PM
that guy is a fucking BEAST!!!!!!!!!

Redlines_Daily
12-06-2011, 11:52 PM
99% of the posters in this thread are more clueless than the protestors in those videos.

Occupy wall st was not about money, it was the bandwagon hippy protestors that turned this into a rich vs poor debate. The original movement was not against "the 1%" or the amount of wealth they have. It was about the way big business corrupts policy making and effects the global economy. Key players on wall st had a huge role in causing a global recession, while they made record profits. It's not about they money they made...it's about how they made it. What was done is criminal, these guys should be in jail. I'm all for profit, I was a trader on NYSE for two years, but I believe profit should be made ethically...enough of this "anything goes" attitude on wall st.

The original creators of the movement had all of your best interests in mind..you should be thanking them for starting it, not laughing when they fail.

The survival response of popular culture these days is cynicism(-Stephen covey)... how sad.

Nlkko
12-06-2011, 11:56 PM
Are there idiots within the 99%, without question, that woman is one of them.

Are there idiots within the 1%, again, without question, Matt Zhang is the resident example.

Are there intelligent people on both sides of the movement, capable of having a real debate, yes. Now show me that, because a video like does nothing to advance either position. In my opinion, all this does is remind me why Americans have developed the reputation for generally being idiots.

Peter Schiff wasn't fighting for the 1%, he simply showed that the occupy movement is misguided and they're blaming the wrong people. Sure, banks were taking risks and got bailed out but what stopped them from doing it again. He argued that it created a moral hazard and it does. The banks didnt bail themselves out, the government did. The more power the government have, the more political corruption entails. Whatever Max Weber said about bureaucracy?

Btw, I'd recommend When Genius Failed: The Rise and Fall of Long-Term Capital Management: Amazon.ca: Roger Lowenstein: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/517lhBWLyEL.@@AMEPARAM@@517lhBWLyEL if you're interested about how banks gamble.

I'm not sure what Matt Zhang has to do with this but if you like to include him in then like whatever, dude. I also have no idea when Americans have the reputation of being idiots. They're the Big Swinging Dick in the entire world, I don't think they could be that stupid.

threezero
12-07-2011, 12:04 AM
the US should learn from china's capitalism

I'm not a china hater but china is the worst place to learn from if one wants to close the gap between the poor and the rich :suspicious:

parm104
12-07-2011, 12:09 AM
99% of the posters in this thread are more clueless than the protestors in those videos.

Occupy wall st was not about money, it was the bandwagon hippy protestors that turned this into a rich vs poor debate. The original movement was not against "the 1%" or the amount of wealth they have. It was about the way big business corrupts policy making and effects the global economy. Key players on wall st had a huge role in causing a global recession, while they made record profits. It's not about they money they made...it's about how they made it. What was done is criminal, these guys should be in jail. I'm all for profit, I was a trader on NYSE for two years, but I believe profit should be made ethically...enough of this "anything goes" attitude on wall st.

The original creators of the movement had all of your best interests in mind..you should be thanking them for starting it, not laughing when they fail.

The survival response of popular culture these days is cynicism(-Stephen covey)... how sad.

Although I respect the original merits and goals of "Occupy Wall Street," which yes, I was ignorant to this information before you mentioned it (assuming that what you're saying is true)...Nevertheless, we as ignorant RS posters will of course be commenting about what is actually happening TODAY...

If yesterday the goals were different, then yesterday there would be no objection from me. But TODAY, some common issues being raised are taxation and outsourcing so obviously my response to these occupiers would be in response to the issues that they are currently bringing up.

Whether or not hippies and bums have become the front image of the "new" Occupy Wall Street, the "original" and the "new" occupy wall street have both equally failed...wouldn't you agree? If the creators of this movement have let others take over their movement and allow people to portray a different message from their own, then that movement itself has failed. So what good is it discussing that? Right now, the people who are at Occupy Vancouver and Wall Street are bums who are riding this Occupy Train and so inevitably, we will be making judgements and comments based on their actions as well.

Redlines_Daily
12-07-2011, 12:29 AM
^ yes I can understand the need some feel to criticize others, I am guilty of it myself at times. However, I think it is more productive to focus on the positive aspects of what has happened. Perhaps the movement is not the failure that we all think it is...did any real change come from it? Well, none yet that I am aware of..but look what is happening now..we are all talking about it. For every 10 people that are bashing on the protestors, perhaps there is 1 person who is taking this all in, doing their research and becoming more aware of what is going on in our society. Maybe that 1 person will be inspired to bring change. If we can bring inspiration to 1 of 10, then I'd say we are doing quite well!

MindBomber
12-07-2011, 12:36 AM
Peter Schiff wasn't fighting for the 1%, he simply showed that the occupy movement is misguided and they're blaming the wrong people. Sure, banks were taking risks and got bailed out but what stopped them from doing it again. He argued that it created a moral hazard and it does. The banks didnt bail themselves out, the government did. The more power the government have, the more political corruption entails. Whatever Max Weber said about bureaucracy?

Btw, I'd recommend When Genius Failed: The Rise and Fall of Long-Term Capital Management: Amazon.ca: Roger Lowenstein: Books (http://www.amazon.ca/When-Genius-Failed-Long-Term-Management/dp/0375758259) if you're interested about how banks gamble.

I'm not sure what Matt Zhang has to do with this but if you like to include him in then like whatever, dude. I also have no idea when Americans have the reputation of being idiots. They're the Big Swinging Dick in the entire world, I don't think they could be that stupid.

I only watched the first portion of one video as it didn't appear to have any intellectual merit, if I missed something, please inform me of that. What I saw was Schiff, an intelligent individual who one would assume is well informed as to what the original movement represented, repeating himself in front of lemmings. Had Schiff chosen to stand in front of a group of intelligent, informed individuals, and posed the same questions he would have been given very different answers. Answers like the one given by Redlinesdaily, and had he done that, I would respect him regardless of his position for actually furthering the debate instead of steering it even further off course.

The Matt Zhang example was an attempt at humor, perhaps it went over your head or it was just poorly delivered. All I see Schiff proving by making this video is that there are idiots among the 99%, because that's who he chose to meet with, but we all know there are idiots on both sides of the socio-economic spectrum - leading us to the Matt Zhang example.

On the subject of America being the "Big Swing Dick" of the world, it earned that unsustainable position through their willingness to use Chinese credit to fund wars. In doing so they've placed themselves hopelessly in debt and placed the international financial markets at risk, maintained sub-par social services, and outright ignored many domestic problems. I'm not sure if you respect that, but I don't, and I don't see how they'll maintain their status when it all collapses.

Powerslide
12-07-2011, 12:50 AM
this is a good thread so far.

I agree with what Schiff is saying. However I think that the tough pill to swallow would have been if the banks HAD failed. Ultimately that would have been the best course to straighten up the system, but their falling wouldnt have been pleasant for anyone- especially their investors. And the entire US culture seems to be driven by a desire for more comfort/pleasure, so it doesnt surprise me they were willing to play dirty instead of taking the hit to fix things.

Unfortunately most of the people on the bottom got scapegoated. And the bottom seems to have 99% of the population in it. I'd be pretty pissed too, but turning to socialism or fascism to fix it is NOT the right answer. It is, in fact, the absolute WRONG answer, if we learn anything from history.

SB7
12-07-2011, 01:09 AM
Hmm these are the first videos of the 1%/99% protests I've seen and I feel like it doesn't really matter which side your on and whether people think your views are correct or not. The "99%" will always exist since brainwashing people has never been easier whilst using your energy to bitch and complain is a lot simpler than painfully realizing your shortcomings and weaknesses and build yourself up into a stronger, smarter, and more balanced individual.

The 1% will always exist as a tiny fraction (obviously..) of the population because they have the uncommon ability to think for themselves and analyze and address their problems in order to come up with solutions that require trial and error, making mistakes, getting knocked down, and coming back as a stronger person in the end.

The most interesting thing I found while watching this was how many people in the crowds believed that the Peter's wealth simply materialized without considering the endless struggles he must have gone through to get to his position. Most people in this world are going to fail and accept a lower position since it is easier, and maybe safer and less stressful, but that is the order of things in this life and you have to sacrifice in order to achieve.

Above all, I feel kinda angry watching the reactions of the 99%, but who can blame them? It's pretty difficult to channel all of your rage at something that you don't really understand fully, and it's easier to do what they do in the videos and throw out random comments and jumbled up facts. I myself choose to observe and learn, see how things pan out, and maybe come up with a better opinion on things instead of blaming rich people, taxes, and the government. :whistle:

Ulic Qel-Droma
12-07-2011, 02:34 AM
99% of the posters in this thread are more clueless than the protestors in those videos.

Occupy wall st was not about money, it was the bandwagon hippy protestors that turned this into a rich vs poor debate. The original movement was not against "the 1%" or the amount of wealth they have. It was about the way big business corrupts policy making and effects the global economy. Key players on wall st had a huge role in causing a global recession, while they made record profits. It's not about they money they made...it's about how they made it. What was done is criminal, these guys should be in jail. I'm all for profit, I was a trader on NYSE for two years, but I believe profit should be made ethically...enough of this "anything goes" attitude on wall st.

The original creators of the movement had all of your best interests in mind..you should be thanking them for starting it, not laughing when they fail.

The survival response of popular culture these days is cynicism(-Stephen covey)... how sad.

1) The original intent of occupy wall street has been lost. i am only focusing on what is happening now. what occupy wall street has become.

I'm sure jesus intended good, but look at christians now :heckno:

the only thing that matters is the now.

2) the term "ethical" is subjective.

3) side question (just a personal inquiry, im a trader as well), why arent you a trader there any more?

SkinnyPupp
12-07-2011, 06:05 AM
For every moron who spouted off at this guy in the videos, it looks like there were 4 or 5 who quietly listened, and accepted the information he was giving, knowing the he is on THEIR side of the argument.

Please America, just elect Ron Paul and fix your fucking country so we can move on with or lives

Redlines_Daily
12-07-2011, 07:26 AM
3) side question (just a personal inquiry, im a trader as well), why arent you a trader there any more?

I traded my own account at home part-time for several years during university then I got hired with a firm, traded with them professionally for 2 years. Transferred to another firm, they let me trade remotely from home which was great in the beginning, but got a little lonely at times.. I would finish work at 1pm everyday while all my non-trader friends worked regular business hours..of course I would have to go to bed super early to get up in time for the new york open, so my social life suffered quite a bit. I loved trading..it's a high I can't really explain..I just love being in control and watching the numbers click away. The money was great, I had more than I knew how to spend, but I wasn't feeling happy in life..needed something more fulfilling. I made the very difficult choice to quit my job and return to school. I now have a new career that I adore, and I still trade my own account from home but I'm not involved with the market like I used to be.

Wow, sorry for the long winded reply! Didnt intend on writing an auto-biography, but there you have it :p.

Liquid_o2
12-07-2011, 07:53 AM
peter schiff made some really stupid points in these videos. Not that the occupy protestors were doing any better of a job.

I loved the part where he was discussing Wal-Mart employees, and if they don't like their wages and work conditions they should just leave and get another job. Is he that out of touch with reality???

I'm all for capitalism and less government regulation, but a lot of the stuff that came out of his mouth was stuff that the upper-middle class just loves to hear. He seems to think that corporations have nothing to do with the problem and the problem solely is on the shoulders of the government. As long as corporations are employing people they are doing their job in his mindset.

gdoh
12-07-2011, 07:56 AM
fuck can they get some1 on there that can talk like a normal person and not shout because they are retards and have nothing smart to say, just say random things

I LOVE LAMP

Hehe
12-07-2011, 03:11 PM
I think the problem with capitalism that we currently having is that we are not running a true capitalism.

For true capitalism, the free market must exist. But the problem is with the government. We have too much political influence in our economy, and policy makers believe that such influences are at the people's interest (thus getting them votes)

For example, there were major bailout from the government (in several countries) to big industries like banking, automobiles... etc. The fact is, the government should just let these big corporations to die. People argue that there would be a massive job loss, depression... etc. But this is BULLSHIT.

When a company like GM fails, would people simply stop seeing new cars being on the road? Nop... other car companies (whose business model is working) would simply takeover. These companies would then hire those ex-GM employees (assuming they are still competitive in related skills) in order to manage all the necessary business activities.

Same thing with the bank, if a giant bank fails and cause a massive domino effect in the banking industry, it could only mean one thing, the original model wasn't working. So, those whose models work would survive and resurface as the winner. All the jobs would eventually be filled because the collapse of banks did not make the market smaller. The people are still there and those services are still needed.

With government intervention, what they do is putting people's money (the funding of govt) into private businesses that do not have a working business model. The collapse is just a matter of time if there is no fundamental change in their business models.

While doing the government intervention, a majority of funding gets transferred into pockets of the wealthy. So, now govts all over the world are deeply in debt, while the poors are still poor if not poorer.

The true solution is to let the market fail. We are human. We can't guarantee anything. But we will always prevail even when there are sacrifices. When everything restarts, it is going to be better. We would have business models that work, jobs that are actually stable and less people complaining.

GabAlmighty
12-07-2011, 03:13 PM
Is this turning into another OWS debate? Awesome.

SkinnyPupp
12-07-2011, 04:27 PM
peter schiff made some really stupid points in these videos. Not that the occupy protestors were doing any better of a job.

I loved the part where he was discussing Wal-Mart employees, and if they don't like their wages and work conditions they should just leave and get another job. Is he that out of touch with reality???

I'm all for capitalism and less government regulation, but a lot of the stuff that came out of his mouth was stuff that the upper-middle class just loves to hear. He seems to think that corporations have nothing to do with the problem and the problem solely is on the shoulders of the government. As long as corporations are employing people they are doing their job in his mindset.
I think the point he would have made, if not being yelled at every time he tried to get to the main point, is that's how it SHOULD be in a pure capitalist society, not a socialist one USA has become.

quasi
12-08-2011, 09:10 AM
I think the point he would have made, if not being yelled at every time he tried to get to the main point, is that's how it SHOULD be in a pure capitalist society, not a socialist one USA has become.

Yeah, I think he was trying to get at that if it was such a terrible wage and slave labour that if everybody quit they'd have no choice but to pay more and improve working conditions. He's getting talked over so he just sumarized it, quit and go somewhere else. The whole system is flawed which is the point he's trying to get at if forced the market would fix itself but everybody is just complacent and takes it.

JDął
12-08-2011, 01:23 PM
Schiff makes an incredibly DUMB point in asking for less regulation on Wall St. REALLY!? After WWII the United States' economy slowly grew and boomed through the 50's and 60's because the banks, lenders, and investors were regulated. At that time they were actually gambling with their own money and would have suffered the consequences if investments went south. The de-regulation of the financial industry in the United States is what allowed the greed of banks to fuck the American people and in turn the global economy. They eliminated risk from anyone who lended money, and even allowed banks to bet on the failure of the shitty loans they gave out. It started in the late 70's and snowballed to where we are now. It also allowed the banks to infiltrate politics with monetary influence because they were raking in billions with "no risk". Wall Street might have drank the booze served by the Government, but Wall Street gave them the fucking bottle!

The only way the situation can ever be resolved is if the US government stop taking bribes in the form of campaign contributions, kick lobbyists out of the White House, and actually ACT on blatant illegal and unethical business practices and reel the greedy fucks back into control. Business and State should be separate just like Church and State, and until that happens the United States will never get itself out of the cluster fuck it has created. Everyone thought Obama was going to make that happen. He talked the talked. But he and his administration are puppets of Wall Street just like those before him:

http://a7.sphotos.ak.fbcdn.net/hphotos-ak-ash4/s720x720/380522_334474979902063_100000186907703_1490208_206 6470829_n.jpg

The day traders on Wall St aren't to blame, and if they're being targeted by these protests it is completely misguided anger. They are like soldiers in the military, they do what they're told and operate within the parameters that they are given. The real 1% are the Board of Directors and CEO's of the banks who created and lobbied for the policies that could extend and fuel their greed, and the Government officials who knew laws were being broken but turned a blind eye because the banks were stuffing cash in their back pockets. If the protesters had a clue what they were even protesting they might have stood a better chance arguing with the CEO who himself is arguing points that dodge the real issue. Nobody gives a fuck how much he pays in taxes or how many people he employs.

The7even
12-10-2011, 03:43 AM
I think the point he would have made, if not being yelled at every time he tried to get to the main point, is that's how it SHOULD be in a pure capitalist society, not a socialist one USA has become.

I agreed with almost everything he said.. but the US is nowhere near being socialist, that's just silly talk and shouldn't be taken seriously.

With that said.. Socialism is the best system period. (...on paper).

The7even
12-10-2011, 03:44 AM
I traded my own account at home part-time for several years during university then I got hired with a firm, traded with them professionally for 2 years. Transferred to another firm, they let me trade remotely from home which was great in the beginning, but got a little lonely at times.. I would finish work at 1pm everyday while all my non-trader friends worked regular business hours..of course I would have to go to bed super early to get up in time for the new york open, so my social life suffered quite a bit. I loved trading..it's a high I can't really explain..I just love being in control and watching the numbers click away. The money was great, I had more than I knew how to spend, but I wasn't feeling happy in life..needed something more fulfilling. I made the very difficult choice to quit my job and return to school. I now have a new career that I adore, and I still trade my own account from home but I'm not involved with the market like I used to be.

Wow, sorry for the long winded reply! Didnt intend on writing an auto-biography, but there you have it :p.

What do you do now?

MindBomber
12-10-2011, 04:03 AM
I agreed with almost everything he said.. but the US is nowhere near being socialist, that's just silly talk and shouldn't be taken seriously.

With that said.. Socialism is the best system period. (...on paper).

Socialism and capitalism share the shame two fatal flaws, human nature and money. Since changing human nature, specifically greed, fundamentally opposes our genetics and is clearly impossible, eliminate the later, money. Money has never done anyone any favours, its the reason for so much of the evil in this pathetic world it's difficult to conceive. Of course, as a society, we're centuries away from anything that evolved. One can only hope, Gene Roddenberry's predictions were accurate and one day we do reach that stage..

The7even
12-10-2011, 04:10 PM
Socialism and capitalism share the shame two fatal flaws, human nature and money. Since changing human nature, specifically greed, fundamentally opposes our genetics and is clearly impossible, eliminate the later, money. Money has never done anyone any favours, its the reason for so much of the evil in this pathetic world it's difficult to conceive. Of course, as a society, we're centuries away from anything that evolved. One can only hope, Gene Roddenberry's predictions were accurate and one day we do reach that stage..

agreed 100%...

I do think we're on the verge of it now though.. because of technology.

Maybe that's what the whole 2012 mayan thing is all about (I hope, but don't believe in a 2012-anything) an awakening .. lol

mr_chin
12-12-2011, 02:54 PM
1) The 99% and 1% is just a phrase used to seperate the protestors and the people the people they are protesting. Taxing the rich was probably phrased later by some idiots who is jealous that the rich is getting richer.

2) This protest isn't going to change anything. Leave the country or continue on with their lives.

3) Wall Street is not where they should be. The federal government is the one they are after. Wall Street is just playing by the rules and within policy. If a kid in a class beats up other kids and the teacher doesn't do anything about it, where is the source of the problem?

4) Occupy Wall Street had the right intention, but now everyone just wants to voice in with their own opinion and it's steering off track. Some very uneducated people are just trying to jump on the bandwagon. I think what everyone in this Occupy wants now is the rich to give back to the poor, when they they shouldn't.