Saturday, October 8, 2011

#OCCUPYWALLSTREET

     I don't know if you all have been following the Occupy Wall Street protests recently but the occupation is really gaining momentum.  I have been watching it from the beginning when I first heard about it in the middle of August.  Here was my first post about it here.

     To be honest, I thought that this occupation promoted by online hactivist collective Anonymous and Adbusters had a real chance to create some havoc and I was worried about the effect on the stock market and my investments.  I kept close tabs on the protest on the first day of the occupation on September 17th, watching the livestream all day long.  Then the market opened on Monday and there was no media coverage of the event and I thought the occupation would just peter out.

     It seemed that way when the thousands of people who initially occupied the park dwindled to hundreds, but then something crazy happened.  After an incident with the police where some protestors got pepper sprayed, the movement finally got some media coverage and the protests really gained some traction.



     Amazingly, this rag tag bunch of misfits, a mix of ex hippies, frustrated youth and new age hacktivists has gained the support of unions and like minded individuals all across the country with occupations springing up in many cities of the United States and the world including my city, Los Angeles.

     The protestors have given voice to the people of America who are angry that the rich are getting richer and the poor are getting poorer.  People sense that the American dream, the dream that their children will have a better life than them, is unlikely to occur and they blame globalization and the corporatocracy.  The people know that the class war which Republicans have railed against Obama for starting, has already been lost to the oligarchs that run the world through their puppets in governments around the world.

     There is something definitely wrong with a system that socializes losses and privatizes gains.  The people are now 15 trillion in debt for problems they did not create.  Back in 2008, banks were bailed out to the tune of hundreds of billions of dollars in perhaps the greatest fraud in history.  We were told that it would be the end of the world as we knew it if the bankers did not get their money.  Well, the banks got their money and all we got was a shitty economy with 9.1% unemployment.  To top it all off, Bank of America recently decided to raise fees to 5 dollars a month just for using your ATM card.  Talk about a slap in the face.  It is no wonder the people are pissed off.

     At the start of this protest, Anonymous put out a video where they said that this Occupy Wallstreet protest could be "the beginning of the global revolution we've all been dreaming about for so long ... wouldn't that be lovely."  With protests springing up all over the world and momentum increasing, their dream just might come true. 

Watch the global revolution unfold here...

Watch live streaming video from globalrevolution at livestream.com



Disclaimer: Nothing in this blog should be construed as a recommendation to buy or sell any securities! Please do your own due dilligence before buying any stocks or bonds!

27 comments:

  1. That was a great, objective view of the situation form a perspective I haven't heard much from yet. thank you.

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  2. That guy scares me lol. Awesome post!

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  3. Amazing to see how this thing has taken off, it really is. Good to see people still have the power to change things.

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  4. I wasn't aware of that protest..thx for update! :)

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  5. Fuck Bank of America for that fee. Most likely the other banks will have a fee as well IF PEOPLE DONT RESPOND NEGATIVELY TO BoA's FEE.

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  6. I really like this protest, because in it people shows what they want.

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  7. People are standing up for themselves. It was about time.

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  8. Good for them, this bs needs to stop. Banks have been f*cking people for decades - I hate Bank of America - they just flat out stole over a hundred bucks from me out of an old account I had with them. And also I think unemployment is a lot higher than they say it is.

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  9. I find very very cool that those guys raised more that 50k on kickstarter, to make their newspaper happen. This is history in the making.

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  10. That's a lot of people. Now I want to puke. :P

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  11. I admit that I don't watch the news terribly often, but the only news coverage that I've seen was an anchor specifically asking people who didn't know what the hell was going on, what the hell was going on. It was incredibly patronizing.

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  12. Let's hope that Anonymous can actually do something significant this time.

    I remember what they did to Scientology, maybe they can replicate that.

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  13. I imagine that 5$ fee was a serious wake up call for many.

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  14. I wish they took charge like this here in LA...but everytime they do, riots and lootings happen like wildfire.

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  15. It really is spreading everywhere. It even reached me, I wasn't expecting it.

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  16. Everything will end up fucked again anyway, but at least if this succeeds, we'll be starting at the bottom of the hill again. Go, protesters!

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  17. Hey, I just want to say thanks for taking the time to answer my currencies question. I'm not big on gold, so I don't think I'll go that way. But I am thinking about some Asian currencies.

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  18. I just hope the movement doesn't fizzle out

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  20. I hope this doesn't end up like Anonymous's attack on Sony because that went pretty retarded.

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  21. I'm hoping for a gain in momentum. We need this, we really do.

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  22. THIS. THIS. MOAR OF THIS!
    #OCCUPYEVERYWHERE I say. Hopefully this leads to a legitimate end to the corporate states of America and we get out government.

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  23. Unbelievable to see the U.S. doing protests.

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  24. I'm also pretty optimistic about the effects of this protest. It's always nice when a movement has a few Nobel laureates praising it for being angry at the right people.

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  25. I'm the 99% in america, but the 1% in the world :|

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