Nassim Taleb: "OWS Second Generation Marxist Class Struggle"

[mattyk722]

Good!!! I hope you're scared...Did you really think you'd get away with getting public money bailouts AND then pay yourselves bonuses without anyone noticing?

[rmondave]

The banks are running the longest ongoing SWINDLE of the AMerican Taxpayer, they are in the same league as the Military industrial complex sucking out Billions of Dollars for profitable weapon systems, wars, etc. The American Taxpayer is the most abused class that has ever lived, the US government as run up more debt than any country in the history of the world, and it is getting worse by the hour.

[HFT8088]

@rmondave "The American Taxpayer is the most abused class that has ever lived"

More so that N. Korea? How about the Ukraine? How about 18th century, and earlier, England where you couldn't hunt King's land? Open a book!

This is the ONLY thing Greene has posted (and it's not his) that was worth checking in here from time-to-time.

This is stuff I know, that I can readily discuss, and it is why Greene's presentation must be the Alex Jones type of screaming and sophomoric at best.

[PacificCircle1]

Well, I supposed we could have let the big banks fail, like in 1930

and repeated the Great Depression - (Cutting off one's nose to spite the enemy)

The hard left, need to go after the conservatives, and not engage in freindly fire.

[Starz777]

he didn't say anything about ron paul?

[rodbuzz]

Without government, the banks have no power. Get the government out of our lives.

[jimbobubbadj]

The baby boomer yuppie types must get out of stocks!

[dreamtime182]

The bankers have an over inflated sense of self worth,as to their true value which is dead meat,just joking its a pay cut thats all, ooh but their too proud pompous and self serving to do that "we are the elites we cant collapse from our stupidity, and not try and pull a stunt to get around it all we are in the business of bullshit so thats what we'll do package up some bullshit and snicker again behind everyones back" now you die die you can all fucking die at armageddon thats their next scheme

[1776Matthew]

Oh, their asses are marked, alright.

[77sporty]

ron paul

[marniespeaks]

bankers need to be locked up for life or hung for treason

[publicme]

Thank you for re-posting this! This is an important interview, it seems.

[BiggerThinking1]

what does he mean "there cant be clawback of bonuses"?! BULL-FREAKING-SHIT there cant!!

[JRCrowley]

@BiggerThinking1 Good point. Who's side is this bald man on?

[pretorious700]

@BiggerThinking1 It goes against the legal and constitutional protections against ex post facto law, or prosecution of an act that was not illegal at the time of its' occurence.

[BiggerThinking1]

Fuck that mumbo jumbo - its just word sorcery the Elites employ to protect their theft - the LAW itself that allowed these thefts is invalid - so cant be used to deny clawback. Another way to say it is when we cut their heads off, the "ex post facto" is revealed as meaningless bullshit. Another example might be Nazi war crimes - in their own fishbowl nazi law they were doing nothing criminal but in wider circle of interpretation, they were GUILTY! Similarly with US law- its not the end!

[pretorious700]

@BiggerThinking1 nice simple minded apprehension, are you 12 years old?

[BiggerThinking1]

@pretorious700 "apprehension"? do u mean "impression"? Nice vocabularic confusion - what are you 10?

[BiggerThinking1]

@BiggerThinking1 LOL - u cant fault my logic so resort to ad-hominem insult! QED - I WIN! ROFL!

Forget it pal - sounds like the only "thinking" you ever did was legal studies - a futile waste of time learning self-serving circular logic and tangents - I on the other hand am a scientist - and NO lawyer's wordgames can beat the logic of a Scientist!

[orenofhowick]

Cheers for the link Chris! Nassim Taleb is great. Hammurabi's code needs to be applied to the many moral hazards you describe in the banking system

[activereasoner]

Wall Street is the home of the traitorist anti-human corporations, that are deliberately destroying our world. The OWS movement is crying out for Justice. All the CEO's, and their minions, of all the corporations that have contributed to this crisis, past and present, should be brought up on charges of Crimes Against Humanity. OWS is not about socialism vs capitalism, it's about Justice, and ending this crisis, once and for All.

[1adadada]

 ooh- second generation marxism -scary *rolls eyes*

[rich2rock]

So far it's only going their way (the elites).

[david8157]

As an elite agent tthis Taleb is a bungler!!

[david8157]

His first point is: the Occupy movement is dangerous & must be pre-empted because it undermines the power of the lobbies & the banks!

He says we "STILL" live in a time of one man one vote (is this to change??) and this is a potential weakness of the banks & lobbies; and the potential strenght of the Occupy movement.

He presents his solution, which is to publicly chastise the banks so as to defuse the impetus of the democratic power of the Occupy movement.

This man is clearly of the elite.

[JRCrowley]

@david8157 Yeah, without getting into too much detail, this man is FULL OF SHIT.

[silvercountry]

No one bails out a hedge fund yet.

[LucBertolotti]

this madness will end only with occupy washington

[secretbonus]

The problem now is the moral hazard. If the government fixes things now, they have taught the protesters that if they make demands they get what they want. But they have already taught the bankers that if they fear monger with lobbyists they get the bailout.

[powergirl901]

@DarkKythira You can't see the connection of anger and Tolle's message? The people who are angry need the seeds of the opposite polarity even more than everybody else. John Lennon even told the world that same sentiment.

I am not part of the American system--I don't want the government to give me gifts, remove my student debt and mortgage obligations. Mostly all Americans don't like me: i get along far better with Europeans and Latin Americans. There's a global rev on...anger is "in".

[Mies78]

very good vid mister Green.

[cassanoa]

watch?v=qrYD08f46jY

[flatswing]

Obnoxious interviewer...

[nld1960]

So why are these Occupy protestors not protesting on the White House lawn? The government bails out the bank, so who do they protest against?? The damn bank!!That makes no sense!! None. That is a backwards protest.

The government is the culprit.At least that is who the Tea Party protests against. This man does not want to be a servant to anyone. This man is also a multimillionaire who does not practice what he preaches.

[powergirl901]

we won't be lucky enough to be plunged into anarchy, likely we'll be a totalitarian police state submerged by a total lockdown.

[TheIrony2013]

@powergirl901

If people continue to think that way then what you say will surely happen.

[powergirl901]

@TheIrony2013 I would love for anarchy to happen, guess what? I'm an anarchist, that's why! I want no official government. That means no more goodies for you, sir! Get off that couch and out into the world. Take your fucking government and go play with somebody else...etc. But people are still so asleep, they''d rather elect Hitler again rather than go to a general assembly at OWS.

[TheIrony2013]

@powergirl901

Your response, laced with assumptions, had nothing to do with my comment. I have no desire to be subservient to governments either. But since you like to label things, you could call me an Anarchist too, if you want. Your angry and reactive attitude is causing you to attack the members of your own flock. That’s all I was pointing out, the law of attraction. You whine instead of taking *PERSONAL RESPONSIBILITY*!

[powergirl901]

@TheIrony2013 I am not really whining because I have made my own plans. My own observations are that Americans are fat, lazy, intellectually shallow and have not a clue in general. They're not smart enough to know freedom even if it happened as a default position arising out of economic collapse worldwide. Most recoil in fear even if I mention the word, anarchy, and nearly 99% have never even heard of Marx. 100% haven't read a single word of him, even the anti-OWS crowd. It upsets you-GOOD!

[TheIrony2013]

@powergirl901

I am not American, so I have nothing to say regarding your comments your fellow citizens. Your comments however expose your resentment to helping the poor. You obviously feel you are being robbed by them. If you truly had your life in order, you would not feel this resentment. Why are you letting the poor steal from you that you have resentment? Whose fault is that? If you enjoyed giving willingly, you would not feel robbed by helping others. Your porblem is selfishness!!!

[powergirl901]

@TheIrony2013 Sure I have an ego, (that's why I like Tolle's teaching so much), but that doesn't invalidate my feelings regarding OWS and the banksters. I am poor..your final sentences don't apply to me. AND, you claimed to be an anarchist, and I know that isn't so. The moment I said, "no more goodies for you" you recoiled in horror, (between the lines), and no real Anarchist would do that. This week i met a guy walking with his wife, a Macy's security guard, who called himself that. Nope!

[powergirl901]

@TheIrony2013 Also one more point: Although I enjoy talking with you, we can't accomplish anything by jousting with each other using 500 characters, (I hate Twitter)..but yeah, thanks for letting me score points on your shield with my sword. So this is likely the last word on the subject for now. I'm an angry person, ( a guy in Florida) who is selfish and way too angry for my own good...haha.

[TheIrony2013]

@powergirl901 Point well taken. It did not take me long to realize your bitterness. Even if it were possible to say more, I would not be that interested anyhow. My comments are directed more for the benefit of others. Tolle as well, as all the credible other spiritual teachers does not teach labeling others and scoring points. You seek labels and categorizations. I prefer more intelligent dialog than you offer here.

[imN0Ttheone]

@TitusTheMaximus But the Canadian banks didn't bundle derivatives and didn't take a goverment bail out like American banks .

[CFaversham2]

Looks like clutching at straws by Bloomberg with this interview, though the guy interviewed had very good points. A little bit of reform at this stage is too little, too late. The poor, hungry masses, yearning to be free, are gathering...

[vintagethought]

great idea.....couldnt agree more with him, and i am a tea partier.

[TacticalCitySlicker]

Awesome upload Chris!

[MajesticFilmz]

He is right on.. Class warfare I believe will take on a more significant meaning in time. The media has already been waging that warfare for quite some time. Listen to the "talk radio" Michael savage etc.. They are downing the poor right and left.. nasty ppl their true colors are being exposed.. By themselves.. Their greed impels them to self promote and ignore the sufferings of others while closing their eyes to the injustices their kind promote. This was a good video.

[HardwoodClocks]

Nassim makes a good point regarding the Roman Rule, Risk management and the lack of bonuses paid to military members who risk life and limb. "If you build a bridge you should live under it!" What better way to insure the success of the bridge. In like manner, if the bank fails, why wouldn't we claw back bonuses? That's how to fix the lacking up side/down side problem on Wall Street. To do that, we need to decouple Wall Street from K Street!

[DCWhatthe]

This can't be preempted; too volatile. There's not only complaints about bankers & the financial system. There's also a general discontent. 

There will be attempts to suppress or 'concede' to the OWS wishes. But this is too volatile. Even if the OWS movement dies down, the BS will continue, as will the complaints.

Perhaps this is the next step in our evolution as a society, and has a good ending. Fingers crossed, there's really nothing we can do about it, it has to run its course.

[mejt223]

Trying to fix ANYTHING on Wall St, or about Wall St,. without fixing DC.....is like wiping your ass before you take a shit.

Washington IS the real problem. They set the rules and allow Wall St to get away with the shit they do. DC is the "house" just like in a casino. If they said "you cant do that anymore, these are the rules" Wall St would have to obey them. However, we all know that isnt the case.

Dont worry about wiping your ass before you take a shit!

[whatupwiththatdog]

The more you screw your fellow American, the higher the "bonus" you get.

[jhardknox]

There were plenty of banks that have never needed a bailout, and when the "crisis" occurred the government forced banks to take bailout money regardless of the banks needs. That is to say, even if a bank didn't need the bailout money, the bank was FORCED to take the money, and then FORCED to do whatever the government said to do afterwards. Politics, power grabbing, nothing more.

[valhala56]

I like Nassim Taleb but he is looking really nervous. The PTB is shaking in their Gucci's. Yeah break the Criminal Banking Cartel, he said the Banks caused the crisis and the banks are hijacking the economy.

The Black Swan event is here, What's next Bankers doing high dives out of their windows?

These are crazy times folks.

[WakeUpWorldTV]

Resource-Based Economic Model is not Marxism, Communism, Socialism, or Capitalism. This movement is not about moving backwards to an old economic system, because they've all failed. We move forward by applying the scientific method to our social problems... No, Free Market Capitalism does not alleviate social stratification, wars, violence, and poverty. We live on one planet shared by billions, controlling or claiming ownership of resources produces conflict. WakeUp and share the fucking planet.

[sanctiX]

@WakeUpWorldTV I totally agree, good post

[trekkerperson]

@WakeUpWorldTV

RBE or TVP requires central planning regardless, its the ECP. 1)Human values are subjective 2)Because human values are subjective one man's valueations are not anymore important than another man's values 3)Because all values are subjective and equal there is no way to scientifically "rate" wants and desires. 4)Because desires cannot be rated. central planning would not be scientific, Conclusion)Because central planning is not scientific is it an invalid system of government.

[valhala56]

@trekkerperson I like how you formed that train of logic, only problem is you stopped at a convient point.

The same logic train could be done with any of the other ism's including Capitalism which leads to where we are today Posioned enviroment, Resource Depletion, Mass Unemployemt, Famine , Poverty, Nuclear War Ergo Capitalism kills the Civilization.

Nobody ever said RBE would be a Utopia, all it is the last best hope to save a species "Humans" bent on destroying itself.

[trekkerperson]

@valhala56

Governments kill civilization. A business cannot initiate force and while they can produce for governments, like bombs, etc., it is only because of governments that they have this incentive. The rest is not worth getting into that much here. The large majority of human life has been famine and poverty. It wasn't until private ownership of the means of production and free trade that the mass of the people were able to rise out of that. Prices go up with depletion, andalternativesfound

[valhala56]

@trekkerperson A business cannot initiate force? I guess you never heard of Xe, formerly known as Blackwater, Yeah Private ownership had it's day, the same as money but as the saying goes every dog has it's day and the day for Capitalism is over. Why you fighting RBE, you want a Stateless Society well that is what the RBE. Stop being old fashioned dude, Anarcharists had their day to and was never able to get things going, what makes you think that you can now?

[trekkerperson]

@valhala56

You missed my previous statements then. I said govt's incentivize Blackwater. They were hired from government to do the work and I support neither, that is crony capitalism/corporatism. Stateless society is not RBE because its centrally planned and therefore oppressive. Again, it will be either massive oppression or massive famine. We are not robots. RBE is dystopia.

[trekkerperson]

@valhala56

Central planning had its day and millions of deaths and oppression was the result. It was as "scientific" as they could get. Just because you give it a different name, it doesnt mean it can overcome the ECP. Without private property and money, you eliminate the common denominator for rational economic calculation.

[valhala56]

@trekkerperson You need to spend as much time reading about RBE as you do reading about Anarchy. BTW you belief that Private Enterprise would never have violent intent is plain silly. Some of the most profitable business in the US are Weapons companies Colt, Smith and Wesson Numerous Firearm publications, Busines that cater to mercenaries which by the WAY are private soldiers.

I can tell when I am talking to a parrot and you sir are a Parrot

[trekkerperson]

@valhala56

I do study all different forms of central planning and your arguments deflect from the issue. Nothing wrong with weapons used so long as it is in self defense. Otherwise, its a violation of someones person or property. Its not my stubbornness, its your dreaminess, and the results of the system you want forced on humanity. I dont care if you want it, just dont force others do join. Voluntaryism.

By the way, I will be dipping out but I appreciate the relatively civilized conversation.

[valhala56]

@trekkerperson I'm no more for Communism as I am for Capitalism. Both are failed experiments, both are dead ends and Capitalism is now like a wounded animal in it's death throes lashing out with extreme viciousness.

As far as your fixation on a centraly planning well you are just ill informed or you are unable to grasp localization. That is you eat the food where it is grown. Jeez it really is hard to have hope for humanity when so many are as stubborn as you.

[WakeUpWorldTV]

@trekkerperson When albino children are hunted and killed in Africa because they are believe to be "living ghost" is 100% wrong. It is only ethical to educate the nonsense out of a culture like that, because every child has the right to live. All values are not equal if they cause harm to others. RBE is based on meeting the needs of people, like food, water, transportation, etc. People can keep they're values and religions as long as they don't harm others, but education would be far greater.

[trekkerperson]

@WakeUpWorldTV

You are missing the self-ownership and non aggression principle in your first comments. This is the classical liberal/ libertarian concept. I am not talking about infringing others' rights and I agree that is wrong but it has nothing to do with the economic calculation problem, which cannot be solved. Humans are not robots, as appealing as the RBE concept is as attempting to "move beyond" it all. In the end, it is just a different variation of same old centralplanningphilosophy.

[oitzingerpeter]

Shut the banks down. End the Fed. Fire Bernanke. This Ponzi has to end. NO MORE BANK BAILOUTS! LET THEM GO BANKRUPT!

[baihbalm]

The banks serving the citizen? Since when? These fuckers have been in control since 1913.

[cherrypopncandy]

It still amazes me that there are people who have it so good that they are so out of touch with the 99%. This is part of the problem. They keep their pockets full and look down on the rest of us. Corporate controlled government and media...

[jfisamm]

End the Fed......End the corrupt Politicians...........End the Lobbyist 

[VerseInfinitum]

Occupation Wall Street is not a passing fad or mass movement of ultra-anarchists or a political black swan. We're concerned people who are dissatisfied with the economy and the ever increasing cost of living! I can't believe how Bloomberg is so biased against the protesters, which makes Bill O'Reilly appear supportive of OWS! We do need to break the banking cartels. We need to end the Federal Reserve and audit all of the private owners of this private organization.

[clev9980]

@VerseInfinitum Watch out for the FACIST hacks like Sean Hannity, Bill O Reilly Rush Limbaugh....they want to maintain the status quo to keep their pockets fat with cash while the minions get scraps.

[UNENSLAVER]

@clev9980 Good point!

They all say things to make you think they're on your side but their bottom line is the same as the globalists.

They ALL ridicule Ron Paul because they're TERRIFIED of him!

They can't make valid points to exclude RP as being the ONLY choice.

Being anti war doesn't mean I don't support out troops.

[VerseInfinitum]

@clev9980 I hear that! Sean Hannity, Bill O'Reilly and Rush Limbaugh annoy the hell out of me.

[annieladysmith]

Man that reporter is really freakin' anoying!

[greatwf]

 ¡Great!