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Protesters Target Federal Reserve
Protesters Target Fed, As Well As Wall Street
The protesters are not just targeting Wall Street and the big banks. They’re also railing against the Federal Reserve:
(See this for the background of this image by WilliamBanzai7.)
Indeed, at the “Occupy Boston” protest outside the Federal Reserve Bank of Boston, protesters yelled their derision for the Fed:
Criticism of Fed One of Protester’s Core Platforms
Indeed, as David DeGraw points out, criticism of the Fed is one of the main motivations driving Anonymous to help organize the protests:
On Mar 12, 2011, Anonymous A99 announced their first
operation by posting a video to the AmpedStatus YouTube page. The
effort was called “Operation Empire State Rebellion” (#OpESR). The
video “OpESR Communication #1” stated the following:
“We are a decentralized non-violent resistance movement, which
seeks to restore the rule of law and fight back against the organized
criminal class.
One-tenth of one percent of the population has consolidated wealth in
unprecedented fashion and launched an all-out economic war against
99.9% of the population.
We are not affiliated with either wing of the two-party oligarchy. We
seek an end to the corrupted two-party system by ending the campaign
finance and lobbying racket.
Above all, we aim to break up the global
banking cartel centered at the Federal Reserve, International Monetary
Fund, Bank of International Settlement and World Bank.
We demand that the primary dealers within
the Federal Reserve banking system be broken up and held accountable
for rigging markets and destroying the global economy, effective
immediately.
As a first sign of good faith, we demand Ben Bernanke step down as Federal Reserve chairman.
Until our demands are met and a rule of
law is restored, we will engage in a relentless campaign of
non-violent, peaceful, civil disobedience.”
Objectively – and without using any hyperbole – it is true that the Federal Reserve is largely responsible for destroying the economy. Indeed, many current and former high-level Fed officials and other top economic officials have slammed the Fed as well.
»
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I would like to see an Asian-American protest. They could tell us what soft losers we have become and share their success stories.
On another note, I am a 1%er and know that my business could dry up overnight. Soon my customers will not be able to afford what I sell. Have been looking for ways to improve the job situation here, but the truth is we all want to buy cheap (Forever 21, Walmart, etc.) but be paid $30/hr. This has caused a great consolidation in the supply chains and now the societal costs are outweighing the benefits. Nationwide we lack the will to buy from ourselves.
Obama needs to take his book royalties and open up a factory here. He would soon realize what risk and challenge are.
We Protest, they arrest, some think it's the republicans, some think it's the democrats, some think it's the federal reserve. What it comes down to is that it's the people with the money. It's the people who control the money. It's the people who make money no matter what industries or countries or markets fail. It's the same people that have been profiting from world strife for hundreds of years.
It's the same people keeping the rest of us stupid. Blaming Ben Bernanke or Obama or Bush is incredibly shortsighted. The IMF and the International Settlement Bank are relatively new institutions, but where did they get their money? Was it the Rothchilde's? Maybe. It doesn't really matter as long as the people in power keep stealing our wealth by distracting us with things like presidential elections and 'big social issues'
It's the same people who profited most from 9/11, and their forefathers. Short story, it's the people who want power at the expense of other's freedom. Power usually manifests as VAST sums of money.
Follow the money, you'll find the problem
http://PrintButtonMoney.Blogspot.com
Here is a little gem of a treat for all you inner anarchists or anyone who'd just want to shake things up, with the beautiful Candice Bergen when she was just a babe, a late 20s Harrison Ford, and the ever zany Elliot Gould:
http://www.youtube.com/watch?v=JoXY69YMeUA
It is odd that these protestors are all quite supportive of Obama. What a joke. If this is the "bandwagen" for the Kenyan Mugabe then count me out.
The stupidity displayed by the Wall Street protesters is absolutely stunning. After watching a bunch of videos interviewing a whole lot of them, I came away with a couple things:
- They're absolutely clueless about who runs what.
- They think they're protesting the same things the Middle Eastern protesters are.
- They want everything given to them for free including houses, education, health care, and job security.
- They are all anti-Capitalist, anti-American, anti-military, anti-business, and massively pro-government.
- They will vote for Obama again like stupid lemmings.
- A whole lot of them have foreign accents. Curious.
- They are enormous hypocrites.
At least with the TEA Party people, you generally got God, guns, American oil, strong defense, no illegal immigration, spending control, less government, less taxes, less abortion. Pretty simple.
note all the communist's here at ZH promoting "occupy.....(fill in the the blank)________"
You are describing the tea party
Tell me anyone from tea party who work in globally competitive private industry not some obligatory government branches or government subsidized industries.
Tea Party = privatization of state assets into profit for Koch brothers, while prices go higher and quality doesn't improve.
Other countries are learning from laissez fare no regulation failure and trying to come up wtih a better system, while stupid tea party simpletons are wanting less and less for 99%.
I actually want tea party to win, so that they cut all of the government subsidies.
Koch is going to get cutoff soon.
I'm sorry, but you are far more ignorant than the tea partiers. I doubt you could get a handful of tea partiers who are for:
1) the Fed Reserve,
2) bank bailouts
3) GM bailouts
4) more spending
So in short, they are more anarchist than the anarchists, who are a bunch of spoiled college kids who can't hold a job. I don't think the tea partiers are perfect, but when the real revolution comes (not this bullshit on the Brooklyn Bridge), they are the ones who are alrady locked and loaded. The real ones don't like Democrats any more than they like Republicans. They know they are both corrupt.
it's called neoliberalism, not a conservative/liberal issue
I got junked 129 times for stating the obvious back on 9/25(police brutalize wall street protesters) These leftists can be so-o-o brutal.
send these crooks a message
http://www.bis.org/
George Soros behind the Occupy Wall Street "movement".
Not a surprise. He was also behind the "Arab Spring".
http://www.prisonplanet.com/occupy-wall-street-protesters-call-for-total...
same old tired ass game. the sheep are lead around by the noses and they go along. what is it about amerikans? it is so much easier to allow someone else to do your thinking for you. believe me. someone posted on time on this blog i was reading, that these days you cannot trust anyone and so it is. with this march and anything else that happens. many say yes to the money. always have and always will. this strange trait known as character is becoming harder and harder to come by in amerikans....
HPD: replace "amerikans" with "humans" and your post right on spot!
I support Ron Paul!
I support ending the Fed!
I want our troops back home!
Ron Paul - Blacklisted by MSM!
Ron Paul - Not approved by AIPAC!
Ron Paul - Fuckin annoys the status quo to no fuckin end!
RON PAUL OR NON AT ALL!!!!!
If you disagree - go fuck off!
We will not have liberty nor will the world be safe until 9/11 is re-investigated.
The future is now. Be prepared.
excerpting suskind's new book here http://falsepolitics.wordpress.com/ until i cant
wordpress stopped my posting, so posting excerpts here now
http://605981340736885861.weebly.com/
cheers g-man
obama you piece of shit - explains why you've been a pussy.
As everyone seated himself for dinner, the group went around the table doing introductions: Larry Fink, one of the inventors of mortgage-backed securities, who was now head of the huge asset-management firm BlackRock; Lehman CEO Dick Fuld; Gary Cohn, the sharp-minded chief operating officer at Goldman; the legendary Volcker.'
Dinner with the young senator....
We will not have liberty nor will the world be safe until 9/11 is re-investigated.
The future is now. Beprepared.
Enough of this 9-11 conspiracy crap! Even Al Qaeda was chewing out Iranian president Ahmadinejad for constantly blaming the Jews and the West for what they clearly want the credit for. There was no Halliburton/Jews/Bigfoot/Bilderberger/UFO setup to for 9-11. And if there was, then thousands of people are in on the secret, not one of them are spilling the beans, and the Obama's people are just as guilty as the Bush people.
"Inspire, an Al-Qaeda linked online magazine..."
LoL.
Let me refer you to a quote:
“The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of Mammon, and to sell his country and his race for his daily bread. You know it and I know it, so what folly is this toasting an independent press? We are the tools and vassals of rich men behind the scenes. They pull the strings and we dance.” – John Swinton, New York Times Chief of Staff
Now consider a few more:
"The Central Intelligence Agency owns everyone of any significance in the major media."
--William Colby, former CIA Director, cited by Dave Mcgowan, Derailing Democracy
"You could get a journalist cheaper than a good call girl, for a couple hundred dollars a month."
--CIA operative, discussing the availability and prices of journalists willing to peddle CIA propaganda and cover stories. Katherine the Great, by Deborah Davis
"There is quite an incredible spread of relationships. You don’t need to manipulate Time magazine, for example, because there are [Central Intelligence] Agency people at the management level."
--William B. Bader, former CIA intelligence officer, briefing members of the Senate Intelligence Committee, The CIA and the Media, by Carl Bernstein
"The Agency's relationship with [The New York] Times was by far its most valuable among newspapers, according to CIA officials. [It was] general Times policy ... to provide assistance to the CIA whenever possible."
--The CIA and the Media, by Carl Bernstein
Now, think hard.. if the CIA admits to bought and paid for jouranlists in the big "prestigious" papers, what sentiments do you think "Inspire" is meant to inspire, exactly?
'not one...spilling the beans'
Yes
Because they ensured most of the first responders died in the towers.
Those that survived describe hearing detonations
VH, you bring shame to your user name.
How do you know Al Qaeda was chewing him out? Who is Al CIAduh? You got the last part right. Bush and Zero are both equally guilty
.
How come I can't print these targets out to practice with? Is something wrong with website? I was hoping for PDF Targets to print on a plotter. What's up?
I do support Ron Paul in his pursuit of the presidency. I have been a follower of his for a number of years and his ideas may be one of the few that might be able to put us on a path to correcting the current state we are in. His ideas may fail,however going down the path we are now may hold for a number of years but it will lead us to ruin. There will be rich areas and poor areas, owait that is the way it is now.
These protest will likely fizzle out unless there is a more focused approach. Many people i.e. middle class are fed by the government so there is no reason for them to protest. However, if they feel that the future of their children is at stake they may start to protest too. But again we shall see. But as long as we have the same infinite football game of the presidential elections going on likely very little will change, there are no winners and no losers.
" But as long as we have the same infinite football game of the presidential elections going on likely very little will change, there are no winners and no losers."
No. Whoever wins, red or blue, the politicians win, and we lose.
"Above all, we aim to break up the global
banking cartel centered at the Federal Reserve, International Monetary
Fund, Bank of International Settlement and World Bank."
Whoah - Bank for International Settlements? Listen, peasants, if you make one more step in this direction, you will find yourselves looking for a seat in that C-130 cargo plane poised for take off to some Pacific staging military base, which will issue you an M-16 and a helmet, and before you know it, you'll be fighting the Chinese, because you can't comprehend what is at stake here by uttering those words.
The Motherfucking Bank for International Settlements, I dare you, I fucking double dare you to go after those guys.
So lay it out for us Edward!
You see, there's the other side of the coin, which in itself has three sides; the one I'm trying to convey involves millions of unemployed people being killed, mostly by their peers in other nations-countries - world war II redux.
Problem solved. :)
or how about fallout from fukushima? that would work in a pinch, wouldn't it?
Well, that only affects Tokyo. I'm sure they're aware of the concept - survival of the fittest, and if their culture doesn't allow for people to 'lose face' in this critical, nation-threatening moment, then I'm also sure no one will miss the nation of Japan.
But Fukushima is a blip on the radar, what the world needs now, is something much greater.
P.S. Junk me, though you know it's true: the myriad of unemployed are there to stay as such until their death - there is nothing coming to replace the 'jobs' and filling holes in the ground only works a short period. I would prefer if we could umploy these people for the construction of a space colonisation fleet of starships, but we're not virtuous enough in general to even contemplate that at this point.
oh if it was only so brother. you must study on what is going on over there now. God help us. down where i live maybe not so much. but the west coast and the middle and northern states.........hmmm......fukushima will kill many americans .........this i know........
Don't eat green tea. :)))
G.W..
I am glad that at least someone else is making the distinction between the top 1% and the top .01%. Weare not all evil wall street bankers. Many of us work hard and create jobs.
I will repost what I said as the last comment to your Egypt post and hope that it somehow sticks. It sure went down fast the first time.
D.W.
http://sociology.ucsc.edu/whorulesamerica/power/investment_manager.html
A Different Perspective
Hello,
First, a confession: I am an evil 1%er. Before simply dismissing my post outright, please open and read the link that I have provided above to get an idea of just what that might mean. Now that millionaires are lumped with billionaires, and the top 1% of income earners are often considered to be only Wall Street insiders and the banking elite, I felt the need to point out that, even within the top 1%, there is a huge difference between those at the lower end of this group and those in the top .01%. I am a small business owner, not a Wall Street banker or a billionaire. I built my business over the last three decades with hard work, by taking risks that others did not, and by continually reinvesting my income back into my company. Today I own ten free standing retail stores in a busy tourist area in Florida. I own, with mortgages of course, all of the buildings that I occupy, mostly because there were often no buildings available to rent when I moved here. For years, my hope was to have all of my mortgages paid of by the time that I was sixty, so I aggressively paid down my mortgages when ever I could. Alas, that was not to be.
Some quick background information about me personally. I was born and raised in a fairly middle class family, I went to public schools, and I put myself through college with the hope of attending law school. I graduated university (not Ivy League!) in 1982, smack in the middle of our last great recession. I could not afford to attend law school, so I began a series of odd jobs while looking for a "real" job. As recessions tend to hit the 18 to 24 demographic particularly hard, my search for a "real" job did not work out well for me, so I eventually went back to my old summer job working in a beachwear store in Myrtle Beach, S.C. The way that I saw it, if I was going to be poor, I might as well wear short pants and flip flops to work and live at the beach. My boss was a decent guy who would always let me work as many hours as I wanted, paying me just above minimum wage by check for the first forty hours, and cash for overtime, but with no time and a half. I was also able to rent a small one room apartment for $50 per week that allowed me to walk to work. It was a fairly nasty place, and most people only stayed in these apartments for a season or two, but I managed to hang in there for six years, the first two with a room mate to cut expenses. To fast forward, I eventually became a manager, and later a partner in six of the companies thirty plus stores. This partnership was very one sided in favor of my boss, and he did it not out of kindness, but simply because he needed money to grow. In 1989 we got hit by Hurricane Hugo, and I lost pretty much everything. Insurance was not all that I had hoped it would be, but I was able to unwind a fairly complicated partnership so that I could strike out on my own. During all of this time I did not own a car, marry, use a credit card, or buy a home. I simply worked and saved.
When I finally found a suitable location in Southwest Florida that I felt had good growth potential, I sought to rent or purchase the best location that I could find. This proved impossible with what I thought was a sizable chunk of savings, so I called my old partner back and went in fifty-fifty on the deal, with me doing all of the work. Again, it was not an ideal situation, but it was an opportunity. That arrangement lasted for three years until my partner ran into some financial problems due to over expansion and I was able to buy him out. Within a year I was able to rent a building on a neighboring island (a building that I eventually bought) and thus began the growth of my little business empire. I made some mistakes along the way, to be sure, but I still managed to open eight more stores over the next sixteen years or so, and I now employ around 135 people who average between 18-25 years old, with a few thirty-thirty-five year olds who stayed on and became managers. Retail in general, and tourist related retail in particular, has a very high turnover rate. This is not due to pay or benefits, it is simply because a typical "beach" employee is either somewhat transient, or a student who will go off in another career direction after graduating. Through out most of this time I have worked seven days a week, and often between 80 to 100 hours per week in season. In general, my work has been quite rewarding when measured in both personal satisfaction and financial success. In fact, just before the housing crash I actually racked up three consecutive years where I paid $1,000,000+ in federal income tax.
Now my point: I built my business through hard work, saving, and risk taking that were all mine to win or lose, and I believe that the income and wealth that have resulted from my hard work is mine and mine alone. I pay my employees slightly above the going rate in my business environment, and those employees that have been willing to work hard and remain dedicated have been able to become successful managers with salaries that have allowed them to buy homes and raise families. A few have gone off on there own. Some have succeeded and some failed. However, the vast majority have simply squandered their futures by living beyond their means and failing to save for their futures. Over the years I have offered many benefit packages, including health care insurance, but the participation levels were too low to make them viable. Young people tend to think that they will live forever. I have heard the argument that I essentially built my business on the backs of others. Well, I paid them, and those who worked hard and chose to stay were actually paid quite well. What they did with their money is not my responsibility.
Taxes are another interesting point. I have heard that I should pay more because I use a disproportionate amount of our nations infrastructure. Well, in my state at least, when ever I build a store I pay a large tax called an "impact fee" that is designed to cover the impact that my business will have on our local and state infrastructure. I also pay upwards of $150,000 per year in state and local property taxes that primarily go to pay for one of the worst school systems in the country (I then shell out another $18K so that I can send my child to the only secular private school in town). There are many, many other taxes that I must pay, like the matching payroll tax on $1,000,000+ in annual wages that I pay to my employees every year, unemployment insurance, etc.
As an interesting example of unintended consequences, my unemployment insurance went up two years ago from $1,250 to $45,000 annually. Florida goes back nine quarters when determining rates, so once someone receives benefits that last ninety-nine weeks or more it is almost impossible for me to lower my premium. The problem is two fold: the new computerized system now used when applying for benefits is so easy that you no longer have to go wait in line and occasionally prove that you are at least trying to find work, and the system is so overwhelmed that I routinely receive notices about an unemployment claim after the date by which I must respond. Hence, many people are collecting benefits who were caught stealing or groping their fellow employees. Never mind that we can hardly find help. It seems that much of America's youth would rather sit at home collecting unemployment, or collecting and working a cash job on the side. What exactly are we teaching these kids anyway?
Another example of unintended consequences that may be heading my way is in the new health care legislation. As I said earlier, I have around 135 employees, and I have offered many forms of health insurance over the years with very few takers. I have offered HMOs PPOs, catastrophic care, minimalist policies. You name it. I have offered to pay as much as 75% of the total premiums as well. Still, no takers: kids live forever, and 25% of $165 buys a lot of beer. Under the new health care legislation I am now considered a large employer. That means that I get credit for the first thirty-five employees, and I then must pay a $2,000 per year penalty/tax for each of the remaining one-hundred employees. That's nothing more than an additional $200,000 tax burden based mostly on the type of employees that I have (i.e. their age and general disposition) and the fact that I have provided so many jobs for them. Interestingly, my attorney received a letter from the I.R.S. explaining that how he is entitled to rebates as a small employer. Go figure.
As for wealth, perhaps it is true that the rich keep getting richer, provided of course that you are in the higher end of what "rich" really is. As for me, the vast bulk of my personal wealth is my business, and the vast majority of my business's wealth is the property that it owns. I understand that private homeowners have suffered tremendously due to declining price of real estate. That is especially true in Southwest Florida. Through no fault of their own, many people who have faithfully paid their mortgages on time for years were shocked to see their principle wiped out, mostly due to the bad choices and the bad business models (or the outright fraud) of others. Rest assured, commercial real estate has not been spared. In 2004 I had a loan to value ratio of 40% of all of my commercial property. I actually had a manager who bought eight homes as an investment back in 2005. In 2009, fearing higher taxes I decided to abandon my "paid off at sixty" plan and refinanced everything. The problem was that I had paid my mortgages down so aggressively that I was paying over $1,000,000. Well, since principle is taxable income, I would need to make $1,400,000 in profit just to cover the principle payments on my mortgages (assuming the 40-42% tax rate that many were predicting). I was genuinely afraid that I might be taxed out of business. When I got my buildings appraised, I learned that I am now back at just around 80% loan to value. It now appears every dime of principle that I have ever paid has simply evaporated. Worse, my mortgages may well be underwater now only two years later. Why? Mostly because so many strip malls were built in my area with no pre existing tenants. I am still an owner operator who has never even been late with a payment, but commercial real estate values continue to collapse through no fault of my own. Worse, I could not find a bank to go out longer than seven years. That means that I may well have to refinance in a much higher interest rate market in another five years.
Now, for those who have never been in retail, here is a quick primer on what it takes to build a start up. First I have to find a piece of property that I believe is a good location, negotiate a price, and find a bank that will finance the deal. Generally, commercial loans of this sort will only finance 75% of the estimated cost of the land and the building, but with cost over runs, impact fees, etc., it is not uncommon to have to come up with 30-35% of the total costs out of pocket. Remember, this is after tax money. Then I have to fill he store. It is true that I get some vendor credit, but buy and large, everything must be paid off by the end of he year. For a 10,000-12,000 square foot building that I typically need for my business, that can be anywhere from $250,000 to $300,000. Again, this is taxable income, so a good chunk of change has to come from somewhere else. For this I create a long term investment for myself. I also create anywhere from 18 to 25 full time jobs, as well as plenty of part time jobs.
So, at least for now I am still in that evil 1% that we all hear so much about. As for wealth, I have lost almost all that I have worked for for nearly three decades. As for income, who knows? I would love to open another store next year, but how can I take the chance while facing the very real possibility of higher taxes and higher interest rates. A combination of both could quite literally put me out of business, adding another 136 to the unemployment roles. I am not complaining. While it is true that I do have flat feet and that I pretty much worked away most of my twenties and thirties while many around me were having fun, I live a good life now. I also provide jobs for a demographic that has an unemployment rate of nearly 50%, many of whom prefer unemployment, and who's favorite bumper sticker reads "Eat the Rich".
There is a deliberate movement in this country by some to foment class and racial warfare for political gain. While I do not disagree that there is also class warfare emanating from the very rich. Not all millionaires and 1%ers are Wall Street Bankers. I built what I have, I provide a service, and I create jobs. The financial crimes that have been perpetrated upon the people of this country are obscene, and I fully believe that many should be punished; not with taxes, but with jail! Unfortunately, the rhetoric of class warfare makes terms like "millionaires and billionaires" and "the wealthiest one percent" easy targets to paint with a very broad brush. Again, I urge you to read the link above to get an understanding of just who some of us are. If you want to take down JP Morgan and Goldman Sachs, and especially the Fed, brother I'm with you. But if you want to attack the upper ten, or even one percent of American income earners, please know that many of us have worked our whole lives to build what we have and that we are quite proud of what we have accomplished and what we contribute to society. We have made sacrifices, taken risks, and we have created jobs. If you take us down, you take down the American Dream.
Respectfully,
Dire Wolf
Ah mr. Wolf, you've put your finger on the problem:
Surfing the interwebs I read "it's capitalism's fault". It's "greed of the wealthy". Generalisations made by those who can't or purposely do not want to make distinctions. Why? Because amongst all the successful CEOs, amidst all the smart deals, there's a massive amount of corruption. For every efficient company, there are 10 which are too big too fail. The appetite for extraordinairy risk, or outright enbezzlement is still there, unquenched. Of course the divide is going to be widened. This is in the interest of those who've gotten their gains with questionable, unproductive means. So they'll throw fuel on the fire. That's the near future: Pit rich against poor and hide the real distinction between productive and unproductive. Of course we see the distinction, between rich and corrupt, I'm sure the average ZH reader is intelligent enough to do so. We know we need MORE capitalism, not less. FYI here's a BBC-North documentary where there is a distinction being made: http://www.youtube.com/watch?v=suZb9Z0b05I But, don't illude yourself please, in the eyes of many, you rub shoulders with the irresponsible, the outright psychopatic.
And in a way, you do. We all do. We're all on the same ship. Chaos is indiscriminate. Any "movement" to try rescue what you call the "American Dream", or "Pax Americana", ... , requires as much of your contribution, in extraordinairy measures, as Joe Sixpack's.
To put the state of the "system" in a historic context: Historians West and Tarpley in 2008: http://www.youtube.com/watch?v=BcTspcBCenI
Interesting post. Thanks for taking the time, as you pointed out a good many of the absurdities and "unintended consequences" of social policy. I agree that this would stand alone quite well as its own article and generate a lot of comment.
As of this writing you are sitting on 6 down votes and two negative comments that only criticize but do not explain why. A feature article might force some detractors to further illuminate why they stand against you. Unless these detractors step up and say otherwise, I am left to believe that in their world hard work is good...unless one succeeds.
The wolf came in, I got my cards, we sat down for a game.
I cut my deck to the queen of spades, but the cards were all the same.
Dont murder me, I beg of you, dont murder me. please, dont murder me.
Good post. Not to worry Wolf, they'll be hanging themselves.
http://www.youtube.com/watch?v=gvlNy8CdlIY&feature=related
...suprised by the black hole Dire?
http://www.youtube.com/watch?v=p_VVf7P-u4c&feature=related
Dire Wolf, Thanks for sharing. Well written. Anyone in small business can relate to everything you say. Perhaps we should refer to the 'top 400 families'.
Thank you.
Dire Wolf. Fuck you and pick up a mop you gloating pig.
Wow! You are 'precious' aren't you! Anyone reading Dire Wolf's story and coming up with this interpretation must be pretty bitter and twisted, and infected with...... envy? But hey, if you read it accurately, you'll see that Dire Wolf may be in very dire straits indeed soon enough, in spite of decades of hard work and doing all the 'right things'. It is people like 'Precious' who will be no help when it comes time to fix the Problem because they can't see past their prejudice.
How precious. Where would you like me to put the mop, bitch?
D Wolf:
Everything I read in your superb essay sounds great, and I have little doubt that what one sees is what one gets. I happen to have as acquaintances both individuals in the 1% and in the 0.1%. The one's in the 1% (also in SWFL, you'd know the hood) are typically from the mid west and either self made or scions who have taken the family business to nine or even ten figures and in general are >60 something and still active in their company. The one's in the 0.1% are in most cases in financial services, hedgies, PE and some CRE or they're running the family book and in general <50 and even 40. They all have multiple residences, fly private and spend more on cars than most people earn in a couple of decades.
Here's my problem from what you have written you are no different than the 1% (the ones that I know) except perhaps by degree. Here's my bigger problem, the few in the 0.1% who have more money than god are when it comes down to it nice guys both generous and down to earth when outside of the gates. You seem like a nice guy and hedgie/PE/CRE guys seem like nice guys.
So as most here, including myself rail against the banksters, I guess the question is who are they beyond Jamie, Dick and Lloyd? Are they in fact the 0.0001%, or are we all in our own way part of the bankster culture? I suspect from the perspective of a burnt out village in Western Uganda, we are all banksters.
PS your comment is among the very best I have ever read on ZH or any Finblog
??, really? ..among the best? How many months of labor is consumed by the government beast, the largest phalic in the world, before labor starts to pay for inflation in the belly of the beast? The fiat boys pimped out labor and business was conducted without borders. Why would anyone alive agree to conduct business without a condom and then abort the rate of return required to sustain labor and then expect to remain standing? The Dire image is just a late revelation, and the boy still has only one eye open.
http://www.youtube.com/watch?v=tYlDltwm-JY
??,
I agree that I am splitting hairs to some degree. I suppose that the best way to know if you are "in" or "out" is wether or not you have to follow the law as layed out in the U.S Constitution. I must follow that, and much more, so I am obviously not "in"'.
Thanks,
Dire Wolf
...Conducting business under the thumb of the Fed and Income Tax never served the Constitution, it served the short term gain of the enemy which aborted the laborer of the harvest. The beast consumed labor, and if possible would consume all nations, boy. Grow up. Lol. That is not possible in your case, or do you think now you can unseal yourself from the bottomless pit, even though you still can't see past the gate? http://www.youtube.com/watch?v=u7ByNo3Do9U