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Forum Post: You want someone elses money, if not, why do care?

Posted 12 years ago on Dec. 29, 2011, 9:52 a.m. EST by DunkiDonut2 (-108)
This content is user submitted and not an official statement

This movement is really about, the OTHER persons money. In fact, YOU have zero idea how rich a 1% person ACTUALLY is. You are tainted by your vision. YOU see or think you see a rich person driving in his expensive car living in his expensive home and in your MIND think they are rich. In most cases they are not rich but play the part very well. They live paycheck to paycheck to make a huge impression that YOU fall for. Most rich are not the RICH you think they are. You ENVY those people and are miserable wanting to be just like them. if this is not true, why do you care about the rich 1% that may not be rich at all? Where is your proof of what RICH IS? It is all made up in your MIND while sleeping in until noon. You know this is truth.



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[-] 3 points by PublicCurrency (1387) 12 years ago

Henry Ford said, “It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

We are beginning to understand, and Occupy Wall Street looks like the beginning of the revolution.

We are beginning to understand that our money is created, not by the government, but by banks. Many authorities have confirmed this, including the Federal Reserve itself. The only money the government creates today are coins, which compose less than one ten-thousandth of the money supply. Federal Reserve Notes, or dollar bills, are issued by Federal Reserve Banks, all twelve of which are owned by the private banks in their district. Most of our money comes into circulation as bank loans, and it comes with an interest charge attached.



[-] -3 points by Perspective (-243) 12 years ago

Good Lord your drivel gets old.


[-] 0 points by GirlFriday (17435) 12 years ago

Hell, I might just stand right outside the door to deliver that myself.

[-] 1 points by infonomics (393) 12 years ago

Where is your proof of what RICH IS?

If your only daily concern is which $10,000 hooker will satisfy your lust that evening, I would say that you are monetarily rich.


[-] 0 points by DunkiDonut2 (-108) 12 years ago

Rich has been a part of life back thousands of years to early Kings. How in the hell did we make it this far with rich, even during depressions and have anything that looks like a productive society? Maybe there is a reason for the rich. Now, just a moment about firefighters. I have seen a fair share of house and building fires in my life. Dozens of firefighters and trucks forcing thousands of gallons of water on the structure. In the end,,,, in mose cases,,, the house or building is declared a TOTAL LOSS. So,,, I know what a fire is, they know what a fire is and you seem to think you know what a fire is,,, but at the end of the day,,,, it really didnt make any difference,,, THE DAMN BUILDING BURNED DOWN. The firefighters roll up the water lines, shake their own hands and seem to be proud that they did something,, when actually,, they didnt do anything but watch the building go down. So, there you go with your example of arguing about the house burning down. The buildings will burn anyway. The rich will be with us another thousand years. YOU cant stop either.


[-] 1 points by kingscrossection (1203) 12 years ago

Isn't it all supposed to be in a cycle anyway?

[-] 0 points by DunkiDonut2 (-108) 12 years ago

In history, today, you have a far greater chance of becoming rich than a person did several hundred or thousand years ago compared to Kings. A man with $5 million and one with $900 million both put their pants on one leg at a time. To send your entire days worrying about some rich fart would drive me crazy. I dont see the importance of MONITORING and hating even the 1%. I wish the 1% would grow to 100% rather than the other way.


[-] 1 points by aaabbbbccccc111111 (10) 12 years ago

I agree completely


[-] 0 points by LardbuttsReincarnation (4) 12 years ago

The government is bankrupting the country. If you were to confiscate all corporate and home equity -- essentially all wealth in the US -- this does not begin to pay for all the promises the government has made. Yet OWSers call for MORE government. It is sickening and perverse.

Since 1997, the United States has been a rare example of a government willing to publish financial statements using accrual accounting, which counts the cost of promises made as well as cash paid out. And the GAO’s professionalism over the years has won it a reputation for impartiality and effectiveness.



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That professionalism is evident in the GAO analysis of the net present value of the Social Security and Medicare promises Washington has made to Americans. “Net present value” means the total that would have to be set aside today to pay the costs of these programs in the future. The government puts these numbers in appendices, rather than in headlines. But the costs are real.

In fiscal 2011, the cost of the promises grew from $30.9 trillion to $33.8 trillion. To put that in context, consider that the total value of companies traded on U.S. stock markets is $13.1 trillion, based on the Wilshire 5000 index, and the value of the equity in U.S. taxpayers’ homes, according to Freddie Mac, is $6.2 trillion. Said another way, there is not enough wealth in America to meet those promises.

If the government followed corporate accounting rules, that $2.9 trillion increase would be added to the $1.3 trillion cash deficit for fiscal 2011 that has been widely reported. And a $4.2 trillion deficit is something that Americans need to know about.

[-] 0 points by mee44 (71) 12 years ago


The book is called "The Millionaire Next Door" published in 1998.