world peoples movement

Interesting to see footage of the start of a new people's movement that transcends political leanings against the greed of "Wall St Bankers". The system as we know it, doesn't seem to be working anymore, the evolving debt crisis creating social upheaval, marginalizing the masses and creating deep divisions in the layers of Society.
Mountains of people worldwide with lost opportunity and disaffected by the mismanagement of the financial system, one that seemingly rewards those within it, whilst the majority are left to ponder.
Maybe we are witnessing the birth of change as required as the world moves to the precipice, hopefully a change to a more optimistic, holistic approach, people power can bring about change, voice your opinion

Mmmmmm, I did see some news on the rally / sit in / festival at wall st .

People with the time to rally on a permanent basis , says to me that they have too much leisure time on their hands, no requirement to work, scavenge , beg ,steal, garden, hunt, in order to feed themselves and their family.

I agree that this world is not sustainable as is .

But what is the answer ?

I don't think wall st is the main problem.

I think we all want too many " things" to much unnecessary stuff produced and purchased .

Maybe we all need to be contented with a more simple existence ?

We could start buy burning every jet ski in existence !!!

**** aussies can be such sheep. Oh the Seppos are having a rally so we better copy them. Never mind the fact that things are very very different over there. They actually have real problems to complain about like:

Widespread Unemployment
Poverty
Cities like Detroit in chaos and ruin
Terrible welfare system
Horrendous "health care" system
Gun Crime
Religious right nutjobs taking over politics

We have none of those problems. So what the ****ety **** are people out there in our cities whinging about???

ok - you're dreamin'

I thought I was watching the news, but I musta missed something somewhere...

Someone enlighten me please.
What is their plan again? What are the precise, unified objectives?

Just protesting is not an action plan, it is merely a particular action.
I too think corps and banks are greedy, but they work mostly within the guidelines and rules granted by (and sometimes for the benefits of) the governments we merrily elected.

How many people working 9-5 left their job to go sit around all day?

PS: whilst we're at it, I'd like to protest about the lack of wind lately...

The focus of the protest is about the normal Joe having to bail out the FAT cat.
Or the normal Joe paying more tax than the FAT cat.

This is how it works all over the world, and in Australia.

All the profits are privatised, and when ever there's trouble the trouble gets socialised.

Eg: Privatise the profits, socialise the loses.

Australia has enormous natural resources and a small population, and this contributes to our standard of living which is among the best in the world.

If the government bails out any bank, remember that's your money, and the bank is going to use it to pay the 6 figure salaries of it's executives... like Ralph Norris: $3,500,000 base.

Don't forget banks make money by lending, the more YOU borrow the more THEY make. So when the government boosts large scale purchases "First Home Buyer boost"... it creates MASSIVE demand for debt which is what the banks sell.

Right now things are good in Australia except the cost of living (www.numbeo.com/cost-of-living/rankings_by_country.jsp), among the highest in the world, but that doesn't mean they can't be even better.

Like I've said before, complacency is the atrophy of progress.

A progressive thinker once said: We shall have no better conditions in the future if we are satisfied with all those which we have at present.

Very few people would be grievenced by entrepreneurs who create wealth for themselves and for their workers through their own creativity, hard work and risk. What more people are becoming annoyed about are the corpratists who do not create wealth but redistribute wealth to themselves and their class, usually through massive salaries, share bonuses and incredible fringe benefits. Then when things go a bit bad the government comes in to help out. Meanwhile they sack ordinary workers who were on ordinary incomes. The governments and regulations protect these corpratists against competition and the threat of failure.

To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia. The issue with that is how many other companies get that sort of guarantee? Not that many. I don't think any company should be guaranteed by the government. If a top bank fails then there are plenty of other businesses out there who would be happy to take up the gap in the market.

When we get into the idea that a company is too big to fail then action needs to take place. Either break up the company so its not too big if it fails or get rid of the idea in the first place.

Recent reforms of Australian public company executive pay are a step in the right direction. If 25% of shareholders reject an executive pay deal for two years in a row, the company board will be removed. Why should executives receive annual salaries the average worker won't get in a life time if the company is poorly run with shareholders losing money?

I think that what people are protesting about is the system, ie the financial system. However there appears to be a good deal of confusion as to what exactly is going on. It has come to light in New York that a mob of Serbian professional protesters have been organising the protesteriat and that this may have been financed by the democrats as an opportunity to usurp the protests and turn it into a re-elect Obam campain.

Who knows.

What is certain is that the days when cowries might buy you a wife are long gone. The original concept of using money as a medium for exchange has developed into hydra that is throttling the globe.

If we were able to step back to a time, say 1500 years ago, and we had a word with a merchant, and told him that in the future he would keep his profits safe in a bank, and that that bank would then be able to breed money for the bank from his deposit, I think he would look very grave and tell you that he was glad that he was living now and not in the future.

The current system is a giant ponzi scheme that has to be changed, not only for the good of humanity but also for the well being of the planet.

Banks have to pay for the guarantee, the rate depends on their credit rating.

^^^ I'm not sure how Bitcoin solves anything.

In America at least, Bitcoin my actually be illegal anyway: