Forum Post: Prepare for Another Plunge as Fear Recedes; Why the Wall Street "Occupy Movement" should Protest the Fed instead of Bank of America
Posted 13 years ago on Oct. 20, 2011, 7:17 a.m. EST by MonetizingDiscontent
(1257)
This content is user submitted and not an official statement
Prepare for Another Plunge as Fear Recedes; Why the Wall Street "Occupy Movement" should Protest the Fed instead of Bank of America http://globaleconomicanalysis.blogspot.com/2011/10/prepare-for-another-plunge-as-fear.html
(MISH'sGlobalEconomicTrendAnalysis) "The "Occupy Wall Street" Movement would be better advised to protest the Fed and Congress rather than protest Wall Street and Bank of America because the Fed and Congress are responsible for the bailouts."
"Moreover, and more importantly, the Fed and Congress are responsible for the housing boom-bust in the first place!"
"Wall Street profited, but the Fed and Congress are to blame."
"Meanwhile, with fear receding even though structural problems remain in the US, in Europe, and in Asia-Pacific especially China, the markets may be ready for the next leg lower."
""no one cares about each other. The rich and the poor are brothers.""
yeah, I am always thinking and talking about that. I watch these people from all walks of life and from all political spectrums and tax brackets, bickering and pointing fingers at each-other. And I wonder if they will ever ever get it.
Only together will we be the 99%. And only the 99% can effect demand. We are all brothers and need to stop the in-fighting. We have to get to know one another, then understanding will dispel a lot of the fears we have held about each other. And then we focus our energy on what we come to agree on. The 99%
Both of them take part in immoral banking practices and unconscionable profits received through interest payments. People want to live and work in a society where banks, who are run by other people, dont take advantage of them at every possible opportunity.
Capitalism has turned into something perverted. Immoral non-work has risen to a high value and no one cares about each other.
The rich and the poor are brothers.