Last month, Time magazine had an article titled "Why Banks Are Still Failing Us." This month in the Oct. 24 issue of TIME, there's an article titled "Taking it to the Streets" by Michael Scherer. "A small protest on Wall Street has exploded into a nationwide phenomenon. Will populist demands for jobs, fair taxes and corporate oversight reshape the political landscape?"
While the picketers are trying to emphasize who started our financial crisis, they're also picketing the investment banks that made those ridiculous subprime loans knowing they couldn't pay for it. Their main purpose was just to make big commissions and those huge salaries. So, the picketers are picketing the right places and it's spreading world-wide.
I'm suggesting if they want to look at some place interesting, they should look at the Chicago Mercantile Exchange to find out why the jobs are leaving this country. They might find that a commodity, like food, might be more important than gold. Corn, oats, wheat are all a part of it, as well as meat and other products. These same future dealers, who sell their product by leveraging it to get the money to pay for the control of the commodity, also need additional cash and that's where derivatives comes in.
They really don't use supply and demand and that's what creates the shortages and wild swings in the stock market, as well as in the commodity trades. There's really no long-range planning any more. There's no capital reserve. The only people making any money now are the richest 1 percent who are exploiting the 99 percent of us who are expected to bail them out when they get in trouble. That's why the gap between the richest and poorest keeps widening every year.
These details are vividly detailed in Andrew Ross Sorkin's book "Too Big to Fail: The inside story of how Wall Street and Washington fought to save the financial system - and themselves." These speculators, with the "big is better" idea, have gotten us and the world into a real financial bind, to the point where the corporations fail to realize the working middle class is what keeps our economy going.
The Wall Street protesters are growing at a faster pace than the Tea Party did and they're emphasizing higher income tax, not property tax.
While the picketers are trying to emphasize who started our financial crisis, they're also picketing the investment banks that made those ridiculous subprime loans knowing they couldn't pay for it. Their main purpose was just to make big commissions and those huge salaries. So, the picketers are picketing the right places and it's spreading world-wide.
I'm suggesting if they want to look at some place interesting, they should look at the Chicago Mercantile Exchange to find out why the jobs are leaving this country. They might find that a commodity, like food, might be more important than gold. Corn, oats, wheat are all a part of it, as well as meat and other products. These same future dealers, who sell their product by leveraging it to get the money to pay for the control of the commodity, also need additional cash and that's where derivatives comes in.
They really don't use supply and demand and that's what creates the shortages and wild swings in the stock market, as well as in the commodity trades. There's really no long-range planning any more. There's no capital reserve. The only people making any money now are the richest 1 percent who are exploiting the 99 percent of us who are expected to bail them out when they get in trouble. That's why the gap between the richest and poorest keeps widening every year.
These details are vividly detailed in Andrew Ross Sorkin's book "Too Big to Fail: The inside story of how Wall Street and Washington fought to save the financial system - and themselves." These speculators, with the "big is better" idea, have gotten us and the world into a real financial bind, to the point where the corporations fail to realize the working middle class is what keeps our economy going.
The Wall Street protesters are growing at a faster pace than the Tea Party did and they're emphasizing higher income tax, not property tax.
