@CosmosPrivateer first off to safely store money from fire or theft (it's insured by the gov. up to 200k), second so that it (your cash) gains interest over a period of time, third so that banks can invest in things (like your buisness). finally the great convenience of direct deposit/debit cards. which protect you from muggers, or incompetence. fact is bank money is your money, But i'm not gonna lie banks can be corrupt but corruption occurs in every establishment, just ask for more regulation.
We have electronic transfer our money can be anywhere at any time. Our treasury can do all that you mention while using the fees to support government.
There is very little cash money at banks these day's but they do have all the data dollars you need.
@CosmosPrivateer It would be much less a hassel to just have more regulation in banks. You have to be realistic, you can't propose something like that to a country who's majority distrust government control (some believe tht the govt. caused 9-11). I do agree that govt. banks do have their benefits, it's just not a realistic option for us now.
Yes, Virginia, there will always be, as Lenin put it, "useful idiots" - fools blind to those really responsible for lost jobs and skyrocketing, impossible-to-sustain American debt. If those misguided jerks had any sense at all, they'd be picketing and singing outside the structures occupied by the real creators and intensifiers of our financial woes :the White House and their freespending lapdogs in Congress. It's big brother government replacing our rights with promises they can't keep. .
The bankers know their fiat currency will collapse, they always do, history proves that, so they have to exchange their worthless paper for hard assets...our properties. They created the real estate bubble to do just that and look at how well it worked. If just 3% of you will standup we would have an army twice the size of the Chinese army!
Check this interview, very revealing, from someone in the 1%, telling us how they manage money, your money, your hard labor, your savings (if any), your future: "'Money Needs Laws' Former Deutsche Bank CEO Hilmar Kopper", Spiegel Online International, Banking and Finance, 12/29/2011
@expatted Because I am smart enough to understand it was Countrywide which B of A bought after the fact that pulled the crap. Try reading something other than blog sites.
@TheEliteSquadron You are right, although look into the thousands of homes that have been foreclosed on WITHOUT the bank even owning the loan. Look in to the case where foreclosure documents were forged, or blatantly disregarded, look in to what they call the rocket docket.
The idea was interesting. The problem is that's not the Bank of America Tower. It was for a short time until 2005. The building has been the Columbia Center for the last 7 years. It's not Bank of Americas Headquarters either. That would be in the Fifth Ave Plaza building down the street.
Good harmony, better words, and the response from the bankers... priceless...Let's hope their Christmas was just as blessed as all those they kicked out of their houses in the past years. The fraud and deception is outrageous. Now if we can do it to the court system, we may have a chance at keeping America Sovereign. Who's with me???????
occupywallst org: "the only solution is WorldRevolution"
..."The Marxist concept of overthrowing capitalism in all countries through the conscious revolutionary action of the organized working class. Where local conditions allowed a revolutionary party to successfully replace bourgeois ownership and rule, and install a workers' state based on 'social' ownership of the means of production."
Communism has resulted in death for many millions of Christian victims; google "Mullins Secret Holocaust"
@sbdwch And Christianity has resulted in the deaths of over 100 million victims. It is the idiological system that has singularly resulted in the most death the world has ever seen. Capitalism is also up in the many millions as well. What's your point?
Pretty sure the word "foreclose" in the description is used incorrectly. Just saying. Also, OWS doesn't comprise 99% of the population, and therefore doesn't represent it. If you claim that you're fighting for US, the LITTLE PEOPLE, you're no better than the politicians in Washington who make the same claim.
The protesters need to be congratulated for speaking out against banks and big business. We also are fighting corporations and a corrupt government that allowed Sunday shopping in
Nova Scotia ,Canada. Business will tell you anything when money is involved. Occupy movements need to keep up the pressure or nothing will ever change. Visit our channel for more on Sunday shopping and a common day off.
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
@RapsAlive Ron Paul is a crazy, racist, homophobic monster that wishes to destroy our social safety net. We've already had two presidential administrations that have lowered taxes, two presidential administrations that have lowered government spending. We know these a failed policies, and we don't need more of it.
@thanatos101b Really? I never gave much thought before to Ron Paul. He bugs you people that much? Hmmmm, Maybe I should support him then? Naw, he is still a crackpot, even if he does piss you guys off. He gains some respect in my eyes though.Funniest thing is, I actually believe much of what the left believes as far as helping the downtrodden. I stop very short of the communist garbage though. Doesn't work, Cannot work. Instead of CEO's there are Party elite who are even worse!
These protesters are just as greedy and immoral as the 1% they claim to hate. All they do is chant give me some of your money, we want more. Most care more about money than the innocent civilians all over the that have been killed and terrorized by Obomba and his cronies.
@stupidamericanz Really? And what "innocent civilians" have been killed and terrorized by Obama? I can list several Occupiers that have been murdered by the police, so I am quite curious what these allegations are about. Anywho, I like how people demanding justice against criminals who broke the law on an unprecedented scale... are really greedy and immoral. You live in fantasy land.
@thanatos101b You live in a land of fantasy if you think no civilians have been killed by obomba drones in pakistan, afghanistan...etc. You live in fantasy land if you think no civilians were killed because of his war...um i mean intervention.. in Libya. You live in fantasy land if you didn't know u.s. citizens have been assassinated by you dear leader.
@stupidamericanz So... you were just bringing up something completely irrelevant to the discussion, out of left field? Well, let's put that in perspective, there were over 100,000 civilian deaths in Iraq under the Bush administration. The most (and this is most likely inflated) that died from the combined NATO forces in Libya is 1,237.
But please, tell us about these "assassinations" preformed by Obama.
@thanatos101b Whether someone is responsible for the death of 1 or 1 million it matters not to me. A murderer is a murderer. If you don't know about the assassinations, you are really living in obomba fantasy land. You have the internet?
@stupidamericanz Actually, I think we've pretty well established who is a lunatic without a lick of common sense, and it is not me. Go on, state your case, scarecrow.
@thanatos101b Murdered by police? please. get a grip. How about we list all the crimes committed by the hippies in OWS camps. How about we list the rapes, assaults, murders, suicides, drug use, theft and communicable diseases spread. hell head lice and body lice ran rampant. OWS was just a bunch of dirty hippies that needed to occupy a shower and then a job.
One good thing that will come about from all of this mess, is that banks will now lend less, hopefully only to more informed and RESPONSIBLE people that will pay what they agreed to just like in the past. The problem is congress, because people will then complain that banks are "discriminating" who they lend to, then the future congress will again create laws about more mandatory lending, which will repeat this mess of a cycle all over again.
@MrJohngalt2011 Why yes, murdered by the police. The crimes that were virtually non-existent? Or are you going to quote News Corp's New York Post article on the subject so we can all have a good laugh? Oh, wait, it looks like you did. The fact that you would cite that just shows once again how ignorant you are about the subjects you are discussing.
@MrJohngalt2011 Can you provide verification of this hogwash? Have you personally been to any of the Occupy sites anywhere? I would doubt it sincerely. I do agree with you that Obama has carried out what I consider to be cold-blooded murder of civilians in Pakistan and other countries by the use of drones. I am sickened by that. You seem to be using a very broad brush and including people like me who support Occupy and what it stands for along with people who support Obama. We are not the same.
These protests have been Everywhere except where they Should be. At the front gates of the White House. Obama is the Cause of the decline of our economy. He caused it and is perpetuating it. Taling about doing this while he is actually doing that. We finally have a saboteur in the White House. A tyrannical idealogue bent on the destruction of this nation. Better wake up soon people.
@killsing01 Really? Because in the past two years there has been more job creation under Obama, than the entire Bush administration. The GDP has gone up, the unemployment rate has gone down. And please offer an explanation of how Obama "caused it?" That is quite an accomplishment considering he had nothing do with the causes and wasn't even elected when it happened. Your idiocy is astounding.
@firespinguy I would be willing to bet thousands of dollars you do not actually understand what socialism is.
But let's talk about this idiocy. Every time I've talked to you I have listed considerable facts, you respond with opinions. It is symptomatic of your failed ideology that you cannot tell the difference between a "fact" and a "view" anymore. It's the only way you can have that ideology. Unfortunately for you, my views are not warped. Merely the result of careful study of facts.
@thanatos101b You just did prove it. Lotsa luck. Your time here is very very short. Maybe vietnam is good for you? Cambodia is still dealing with the horrible mess from the last guy like you. what? 50 miilion dead? I bet you want to be just like Pol Pot?
the economic destruction we are undergoing now is the result of 30 years of voodoo economics. trickle down doesn't work - those who supported it knew that and wanted to destroy the middle class, get rid of democracy so the monied elite would steal at will, "He caused it"? seriously what planet are you living on
@killsing01 Sorry that you've missed all the demonstrations that have been taking place in Washington DC both at the White House and Congress. They have also been held at the US Chamber of Commerce as well as the K Street offices of those who lobby Congress and the White House. Oh, yeah, right...the mainstream press doesn't like to cover that sort of thing 'cause they are owned by huge corporations who are making money off the laws pushed by the president and passed by Congress.
@peggyforpeace Uhhh, I LIVE IN DC. I miss nothing. Your movement is like you, a sad joke. I haven't missed anything. I am always around. It just doesn't matter what you and your band of misfits and losers do. No one CARES.
@killsing01 hey, I just responded to YOUR statement that the protests should be at the Front Gates of the White House and I pointed out the FACT that there have been many at that very spot. Sorry that you only want to rant, not discuss. Have a wonderful peace-filled day living in your little bubble world.
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
@Longie60724 What a bunch of babble.Do you even think about what you are saying before doing so? That Kool-aid must be some good stuff. it has your minds all messed up. The stupidity is incredible. At what point do we realize that the fall of our economy is on Obamas shoulders? After three years and countless trillions wasted do we admit that Obama is a huge mistake, huge failure?
@killsing01 Obviously you do not. Say, how much is Koch industries paying you to spout right-wing talking points on youtube all day? Really? It's on Obama's shoulders, is it? Because the economy failed on March 10, 2000, the economy died in 2007. Neither of which happened while Obama was in office. The entire reason Obama has been as unsuccessful as he has been is because he keeps utilizing already failed right-wing strategies, instead of the known successful left-wing ones, scarecrow.
@thanatos101b Thanks, Comrade Marx. Your philosophy has never worked, cannot work. You love our freedoms but rant against them? All of those like you must have been dropped on their heads at birth. Your ideas are idiotic and nonsensical. They cannot hold water which is why you only can deal with other delusional people who are as nutty as you are. You could never survive in a communistic setting. You wouldn't be allowed to have this discussion with me in the first place.
@killsing01 You don't really understand what "freedom" is, do you, scarecrow. In fact, I know you do not actually understand what "communism" is. Oh, and Marx was German, not Russian. I notice you didn't address my points at all in this missive, simple simon. You know where I proved it was fundamentally impossible for Obama to have any blame in the economy's failure, something you claimed? Instead you rant and rant and rant because you know you are wrong.
@thanatos101b You still haven't told me who Koch industries is. They will actually pay me to do what I am glad to do for free? Really? Or are you thinking of the "Communist front groups that pay people to organize? can you give me their number??
@killsing01 I thought you live in DC? I thought you "miss[ed] nothing?" Your idiocy is showing again, scarecrow. BWAH-HA-HA! "Communist front groups that pay people to organize" and just how, exactly, are these communist front groups getting that kind of money in the first place? Your insane conspiracy theories are false on their very premise.
@thanatos101b Arff Arrfff grrrr. Little lap dog, Thanatos. Arrfff Grrrr You piece of frigging nothing. You insignificant nothing. This is entertainment for the rest of us. Keep sleeping and shitting in our parks. You are really changing our minds!! Idiot!
@killsing01 I love these constant admissions that I am right. You do realize every time you display one of these hilarious posts it is a giant, neon sign flashing "Thanatos is smarter than I am," don't you?
@RapsAlive Darling, only a lunatic or an ignoramus would support Ron Paul. In fact, he's a scam artist. He's worked dutifully for years to artificially inflate the price of his own gold stocks.
@thanatos101b the government spending money they have not printed yet is the real reason the value of the dollar has gone down. Only a lunatic or ignoramus would think the price of gold has went up, when in fact the value of our dollar has gone down, thus effecting the gold market because gold was the standard before the dollar, so gold is the more traditional hedge, although oil is more important in these times, still does not change the difference between value of dollars &gold.
@thanatos101b You are a real moron. A few socialistic systems doesn't mean socialism is good, that childish logic is flawed. You didn't give me facts, only just twisted information you thought you can use, and ignored anything that didn't fit your view. Nearly every country that tried socialism failed, the few who are left are either turning capitalistic or are small countries that need a abundance of natural resources or a large industry to counter the huge negative effects of socialism
@firespinguy Aww, flagged for spam, my little idiot. Actually yes, it does mean socialism is good to neutral. And darling, do you not know what information is? Information is facts, scarecrow. Please point to a fact you brought up that I ignored. Prove you aren't a liar. Try to think before you speak. Also your claim about failed countries is hilariously false. Socialism has no negative effects, as you just established in your second sentence, simple simon. Go back and try again.
@thanatos101b Look every post I responded to you, from your American Airlines post up to now moron. You are just another pathetic jealous parasite that want stuff for free. I have a life and work, unlike you who argue with multiple people on youtube all day, day after day. Do you even work? You literally post every hour non-stop. I probably pay for your benefits. Look at North Korea who used 100% socialism, see that is the ultimate ending for socialism.
@firespinguy Why yes. You have scrounged up the brainpower to type a "response" to my posts. Too bad you could never find a way to respond to the content within them. I do love that you are stupid enough to attempt to comment on my personal life. You and I both know that whatever you describe is more likely you than me. You're here arguing with multiple people just as often as I. This is all just to distract from the fact that I've got facts and logic and all you've got is a failed ideology.
@thanatos101b Your mind is really warped and you're a liar. You didn't post any facts, moron. I have only been arguing with you. While anyone can see going down the pages of this video you argue with mulitple people all day, every day, every hour. You're just a parasite posting on youtube all day. How about you actually work instead of living in jealousy and trying get everything free from others and the government? What a loser you are.
@firespinguy Scarecrow, if I am lying, please quote me lying along with the quote that proves it. Such projection going on in this post! Here's proof that you are suffering from a complete disconnect from reality. I offer a lengthy series of facts and you claim "[my] mind is warped." What you actually mean is that you choose ideology over reality. Also known as being crazy. I must really have gotten under your skin for you to become unhinged to the point of your actually admitting you are crazy!
@thanatos101b I responded and pointed out your BS through out this debate. Just look at our past posts. I'm not going to start all over again from point 1. I actually have a life. Youtube arguements don't get under my skin. Productive people like me who actually work and pay taxes can support politicians who won't support your crazy ideas. I haven't been politically active lately but seeing how warped people like you are out there, just encouraged me do so. So have fun on youtube.
@firespinguy Oh, scarecrow, no you didn't. In fact you couldn't. You are neither intelligent nor educated enough to respond in anything other than your usual delusional blather. Such as this post. Everything you claim marks me as "unemployed" or "a parasite" applies just as much to you. Meaning, by your own admission, you are not productive, you don't work, you don't pay taxes, and you are a parasite on society. By trying to mark me, you marked yourself. While I am still, as it were, a mystery.
@RapscallionRebellion Wrong. Thanatos didn't post any facts, just basely claims and everytime I refute what he said he started name calling first and then quickly changed the subject to something else. Just because you agree with him doesn't mean its true. Enjoy your meanless youtube points.
@firespinguy I think you miss the point about the occupy movement, they want the Govt to stop giving hand outs to banks, they want capitalism returned to the US where IF you risk and it pays off you keep the reward BUT if you fail you take the consequences, the banks gambled and lost - instead of going bankrupt they passed the losses to the the taxpayer, took $7.7 Trillion in 0.01% loans from the govt and paid themselves bonuses.
@xdir I didn't even bash the entire occupy movement, I said people like these (in the video) willing agreed to borrow loans/mortgage from the banks. They willing borrowed more than they can afford and are just as greedy as the banks were. While I and many others was living within my income/means and saving, there are the people who were buying the biggest houses and cars, are now broke and complaining. I can't feel sorry for those people who had a lack of self-responsibility.
@firespinguy No ones asking for sympathy, they are just angry with the injustice that the banks who encouraged the bad behavior (constantly telling borrowers that house prices can only go up and advising them to release equity to buy cars/boats) received $trillions from the fed, yet the average borrower gets no breaks. Banks can now borrow at 0.01% to save themselves but won't renegotiate ARM mortgages that have reset to double digits.
@ShoniM71 First off, why should a group of people from Seattle go all the way to D.C.? Secondly, they weren't pissed off about the bailouts, they were pissed off at the banking industry's grossly illegal activity. Thirdly, have you not heard about Occupy Washington D.C.? Fourthly, the bailouts took place under the previous presidential administration.
We did a similar action with Occupy Springfield Illinois in the Capitol rotunda. It was an action against Illinois SB0397, which game millions in tax breaks to CME and Sears. We had a santa come in and give coal to all the legislators (chocolate), and sang,
If it wasn't such a huge problem for surrounding businesses and average people that are subjected to the many inconveniences of these obnoxious jerks it would be plain Comical. Who could possibly take these whiners serious? Most of which have been lucky to live a privileged life and pretend to represent the 99%. Don't presume to represent me or anyone I know. Protest the White House. That is where our problems all originate, funny that not one of you hold Obama accountable.
@JCHumphrey1Better not think , give me a free drink we don't bother bathing at all. We really stink, don't use the sink, We'll piss and shit on the sidewalk in your town. I know that you are greedy I want all your cash, I won't work a minute for it I'll just cry and whine all day. Occupy Cry babies are in town. . We'll show our privates to your children, rape and kill and attack the cops, we'd screw your dog if given a chance, Occupy Whiners are in town.
Great video. and next time FAUX media tries to claim the movement is all just college kids, I think they should take a look at just how many elders are also participating.
@kyrat Fox is probably the one news outlets that has shown the true nature of those involved in this charade that is OWS. . Truth is never the friend of the Left wing, never has been, never will be. Long live the truth. It used to be a good trait, and still is, unless you happen to be a lying, cheating, misrepresenting Left winger who cannot think for yourself and has to check with your Comrades before forming the "Collective" opinion.
@killsing01 Really? Care to offer that "true nature?" Because Fox News is owned by New Corp., News Corp. donated a million dollars to the Republican Party. News Corps' Fox News reported verbatim News Corps' New York post article on OWS, without noting the conflict of interest. Leaked internal memos from Fox News show that their executives dictate the reporting done on the channel for entirely political reasons. Nothing Fox News reports can be taken seriously.
@stupidamericanz Why they're owned by General Electric. The world's largest corporation and a major defense contractor. Do you actually think the world's largest corporation which also is a defense contractor would be interested in liberal perspectives? MSNBC regularly castigates their ownership for its sleazy activities, compare that to Fox News's coverage of the phone hacking scandal.
@thanatos101b You cannot argue with an idiot. They usually have much more experience at being stupid than your average person. So now MSDNC isn't biased? Like you and your entire agenda, this is laughable.
@killsing01 If they are biased, please demonstrate the bias of the exact same kind that I outlined for Fox News. Show me the memos where executives directed journalists reporting for political reasons. Show me the coverage of their own companies scandals, the way Fox News covered the phone hacking scandal. Show MSNBC giving a million dollars to a political party.
@cIickNEXT I've detailed exactly how and why Fox news is a propaganda outlet and not a news source twice in this thread. I've also outlined how it is fundamentally impossible for MSNBC is be corrupt in the nature of Fox News. If you want to make this claim, please address those points.
@thanatos101b While both channels have there highs and lows, they both are infotainment crap, not good news sources. Why doesn't MSNBC ever point out that the federal reserve caused the housing bubble, but none the less Obama reappointed the man responsible, who was GEORGE BUSH'S financial adviser, as chairman of the federal reserve? Fox news turned the originally libertarian/anti-bailout Tea Party into a rep movement, MSN turned OWS in liberal movement. They both polarize, both BS
@cIickNEXT And MSNBC castigated Obama for that particular appointment. Anywho, I listed specific problems with Fox News, specific reasons it was corrupt and untrustworthy, and I asked for specific examples of MSNBC doing similar things. This sad attempt at false equivalency is not even in the same universe as what I listed Fox News has done. Please find actual examples anywhere remotely near what I listed.
@thanatos101b Fine, I will forfeit this debate just because I don't really care, I agree with you that Fox and NewsCorp in general are corrupt, as that is blatantly obvious. I just have a vendetta against mainstream tv news media in general as, in my opinion, most of it is infotainment garbage that polarizes people through sensationalism. I have other research projects I am working on for my channel. Eventually, I may write a message back to you with evidence about MSNBC. Good day.
Pretty moronic. They complain because a bank loaned them several hundred thousand dollars and then had the gaul to demand they live up to their contract to repay the loan. This is not the 99% but the very small percent of those that refuse to pay their loans back.
@MrJohngalt2011 THEY trashed the market so now the money that we borrowed is more than what the house is worth. 30% of the homes in Michigan are now underwater.
@joshuag5732 They didn't trash the market, but followed the rules as set forth by the congress. Banking is one of the most heavily regulated industries in America is not the world. You should look to DC for someone to blame.
Next, underwater does not matter. 1. you have a contract to pay the loan, even if there is depreciation. 2. you only take a loss if you sale right now. just ride out the low and you will be fine.
@MrJohngalt2011 "but followed the rules as set forth by the congress". Not too long ago in America it was legal to own a black person. But that didn't make it right. I'm sure then you would at least agree that the now-considered fraudulent and unethical acts by the banks should never be allowed to happen again.
@littlerama This is nothing like owning a black person. If you borrow money then you pay back what you agreed. Nobody was forced to take a loan. The banks mainly needed a bailout (which is a loan from the government they must pay back) because people who borrowed money from them wouldn't pay back what they agreed to. Now the banks are going stop lending as much as before, and these same people who are presently against the banks are going to complain in the future about less lending.
@firespinguy I'm not disputing that people who borrow money are liable to pay it back. My point was that the banks aren't entirely innocent in this matter either. It is well known now that many of them committed fraud (e.g. betting against their own clients in relation to these subprime mortgages) as well as host of other bad deals to enrich themselves and their shareholders at the expense of their clients and the wider society at large.
@firespinguy No, the banks made loans they knew were bad, entirely by exploiting the people who they loaned the money to, then they sold those loans to third parties, and bet against them. That's text book fraud. Not to mention they aren't paying the bailout money back, they are merely taking money from other government sources such as the small business loan fund and giving it back to the government. The banks are an amoral cancer upon society and need to be replaced.
@thanatos101b The bank made loans that were bad, but no one put a gun to the head of the people who agreed to take more than they can or want to pay back. Claiming those people were exploited is navie and defending their irresponsibility. Those people were just as greedy as the banks who gave them loans, buying more they afford.
@firespinguy No one put a gun to heads of American Airlines to take loans out. They chose bankruptcy when they had four billion dollars in the bank in order to not repay their loans. No one put a gun to the heads of the Mortgage Bankers Association when they, ironically, took a mortgage on their headquarters and then defaulted 34 million dollars on it. Defaulting your loans is considered savvy business sense when a corporation does it. Sorry, but those homeowners were maliciously exploited.
@thanatos101b Backruptcy is not savvy business because it is a last resort. You will have less investors who will want to invest in your business. Statistics do not support your claim 80% of Americans are poor. That is a lie and ridiculous if you believe that. Where do you even get this from?
@firespinguy Really? Last resort? American Airlines currently has four billion dollars sitting around doing nothing, and they declared bankruptcy, and were praised for it. They could pay their loans for years, but decided it made more sense to declare bankruptcy. Look it up. I'll wait.
Nope, statistics support that claim. During the Bush administration 80% of Americans spent 110% of their incomes, entirely because their incomes fell. It's from Nobel prize winning economist Joseph Stiglitz.
@thanatos101b American Airlines TOTAL DEBT is far higher than 4 billion. They have to pay back loans, but also pay pensions, creditors, and suppliers and matenance. Their stock is down, so financially they don't have any real money. They can pay off their loans, if they close the company, but still have debt. Anyway I'm not defending them. American spending 110% doesn't make them poor, just irresponsible and materialistic. You don't need to buy every IPOD on your credit card.
@firespinguy Allow me to quote you, earlier. "no one put a gun to the head of the people who agreed to take more than they can or want to pay back." By your own statements, all this is merely irrelevant blather and "defending their irresponsibility."
Really? So 80% of Americans are irresponsible? That's ridiculous and does not hold up to scrutiny. It does make them poor. People whose income regresses forcing them to take on debt to pay their bills is the very definition of poor.
@thanatos101b Yes, if you spend 110% of your income, then 80% are irresponsible. That is basic common sense and very simple. Dont move into most expensive nieghborhood, don't buy the most expensive car, don't spend more than what you earn and save. Why is that so hard? I and millions of other Americans are doing fine by following those simple rules. Nobody forced anyone to spend more than what they make, to claim otherwise is to defend irresponsibility. This is for people and any business
@firespinguy Really? Because businesses regularly spend much, much more than 110% their income, it's called "leverage" and, again, it is considered savvy and intelligent business.
And, scarecrow, did you miss the part where they were spending that much because their wages fell? Do you understand the concept of regressing wages? Apparently not.
@littlerama Slavery was over 150 years ago and our country paid a very high price to expunge that sin from America. the banks did not hold a gun to your head and tell you to sign. you have free will and free choice. the banks did nothing wrong.
@MrJohngalt2011 Really? Care to take a credit card offer and figure out what the actual payment rate is and how much you will actually have to pay on it? If you can, you're better than virtually all first year law students. Oh, and what about all those illegal foreclosures that the banks have been preforming? The entire financial industry needs to be expunged and replaced.
@MrJohngalt2011 Try getting a house or going through college without a loan. Just saying. That's pretty much a gun to your future, if not your life itself.
@JCHumphrey1 No it is not a gun. It is your choice to get at loan. For college you have the choice to save up your own money, or do well in highschool and get a scholarship, apply to fafsa and I've seen them give up to 20,000 a year. You also don't need to go to the most expensive college to do well. For a house you don't need the biggest house or loan. There are more Americans that have done it right and is fine than those who are blaming all of their irresponsibility on the banks.
Seriously, though. The financial institutions knew what they were doing. They know a lot better than we do what a layer of "false profits" can do to an industry, and they positioned themselves perfectly to get the greatest benefit from it. From Goldman Sachs to Enron to Worldcom, all those deceitful users can go to hell as far as I'm concerned.
I just don't want them to take my money with them.
@joshuag5732 No. You have a choice in your house. find a buyer that will pay for the house what you think it is worth. The true worth of an object only occurs when a buyer and seller agree to a price. a price of a home is not set by a realtor, or the bank, or some website - it is by individuals. you also must bear risk in buying a house. that is why you can make a profit when you sell it as you put your money at risk and received a return for it. it is called simple economics.
@joshuag5732 Again, true valuation of any asset is when the buyer and seller agree on a price. The appraiser has nothing to do with it. If you want the house you will have to pay what the seller wants for it. stop being a liberal victim.
@MrJohngalt2011 They followed the rules that THEY wrote which benefits THEM. They removed laws that protected consumers. Then after the crash they prevented an attempt to reinforce those rules that kept the markets stable for 50 years.
@joshuag5732 NO. they followed the rules written by congress, and then when they went belly up because of mis management on their part they begged for a bailout. we should have allowed the banks that acted badly to fail. capitalism has consequences and you can't fix stupid.
@MrJohngalt2011 LOL Congress writes exactly what the banks tell them to write. ALL the major banks acted badly. If we had allowed them to fail the economy in every country in the world would have collapsed with them.
@joshuag5732 No it wouldn't. Many banks and almost all of the S&Ls were in very good financial shape. The culprits is congress and Obama. They write the laws, they are responsible and they are not allowing companies that should go out of business to do so. They, congress, has removed consquences and then we are confused on why they took such big risks.
@MrJohngalt2011 This is a lie. This is one of the stupidest lies I've ever seen. The housing bubble was created under Bush, beginning in 2003. The primary lenders were all private companies under almost no regulation. The entire sub-prime mortgage markets were worth only 1.4 trillion, but the banks heaped 140 trillion dollars worth of financial gimmickry on top of them, and the only thing congress had to do with it was failure to regulate.
@stupidamericanz Sorry, but I had to shut off that video the very moment they brought up Fannie and Freddie, which had nothing to do with the collapse. More than 84% of the subprime mortgages in 2006 were issued by private lending institutions, and that same year Fannie and Freddie combined held only 24% of sub-prime loans. Anyone who even mentions them in the same general area as a comment about the housing bubble is an ignoramus.
@stupidamericanz Nope, there's actually did better than the privately held ones (for obvious reasons). As far as those lending institutions among them were: Countrywide, HSBC, Chase, Wells Fargo, JP Morgan Chase, Morgan Stanley, Goldman Sachs, Citigroup. Of course most of these are just umbrella corp names, and most of the mortgages were written by divisions and firms inside them.
@stupidamericanz Yes, and? Chris Dodd's entire time in congress was marked by being on the take by the banks. He was nothing more than their little puppet that said whatever they wanted him to say. Financial Crisis Inquiry Commission have all shown, it was deregulation mixed with irresponsible and potentially illegal practices by private firms on Wall Street that caused both the bubble and the collapse. And every fact that has surfaced has supported that claim.
@thanatos101b No. The bubble started in under Clinton with the CRA that forced banks to make loans to people that couldn't qualify. Take a very close look at Fanny and Freddie (all Dems) and see how they demanded that more loans be made and l look at how the justice dept them threathened lawsuits if loans were not made. Bush requested from congress on 17 seperate occasions to rein in the loans. The Dems/Congress refused to listen.
@MrJohngalt2011 Well that's a lie, and one that's incredibly easy to refute. We know exactly when the housing bubble started, which was between 2000 and 2003. The CRA had nothing to do with it, as only one of the top 25 sub-prime lenders was actually subject to the CRA. Fannie and Freddie had nothing to do with it, they only held 24% of sub-prime mortgages in 2006, which was down for them.
Anyone who would claim these things is massively ignorant of what happened.
@MrJohngalt2011 Some people live in small tiny square boxes and everywhere the look they see things square!! Oh you thought i was addressing the 99% choir? no actually i'm talking about you based on your moronic statement!
@MrJohngalt2011 Really? Did you know that the Mortgage Bankers Association, which castigated homeowners for defaulting on their mortgages, did a short sale of its headquarters, dumping it for thirty-four million dollars less than the value of the building’s mortgage. American Airlines declared bankruptcy with four billion dollars in the bank, because it didn't want to pay its bills and loans. Looks like the only ones who are supposed to live up to contracts are the poor people.
@thanatos101b Most of those people were not poor, just greedy and irresponsible. Many also claim bankruptcy as well. There is no innocent victim in this mess, whether business or homeowner.
@firespinguy Sorry, but economically speaking around 80% of Americans are poor. And yes, all those homeowners are entirely innocent victims. Their incomes stagnated, they were worked to the bone, and the banks stole trillions of dollars from them.
That was awesome.
Spurz166 1 month ago
We don't even need banks any more. Why do we have them??????
CosmosPrivateer 2 months ago in playlist Troubador Magick
@CosmosPrivateer first off to safely store money from fire or theft (it's insured by the gov. up to 200k), second so that it (your cash) gains interest over a period of time, third so that banks can invest in things (like your buisness). finally the great convenience of direct deposit/debit cards. which protect you from muggers, or incompetence. fact is bank money is your money, But i'm not gonna lie banks can be corrupt but corruption occurs in every establishment, just ask for more regulation.
lilcheevous 2 months ago
@lilcheevous
We have electronic transfer our money can be anywhere at any time. Our treasury can do all that you mention while using the fees to support government.
There is very little cash money at banks these day's but they do have all the data dollars you need.
CosmosPrivateer 2 months ago
@CosmosPrivateer It would be much less a hassel to just have more regulation in banks. You have to be realistic, you can't propose something like that to a country who's majority distrust government control (some believe tht the govt. caused 9-11). I do agree that govt. banks do have their benefits, it's just not a realistic option for us now.
lilcheevous 2 months ago
lol, stupid hippies
jimjamrocks 2 months ago
Yes, Virginia, there will always be, as Lenin put it, "useful idiots" - fools blind to those really responsible for lost jobs and skyrocketing, impossible-to-sustain American debt. If those misguided jerks had any sense at all, they'd be picketing and singing outside the structures occupied by the real creators and intensifiers of our financial woes :the White House and their freespending lapdogs in Congress. It's big brother government replacing our rights with promises they can't keep. .
horarwgt 2 months ago
The bankers know their fiat currency will collapse, they always do, history proves that, so they have to exchange their worthless paper for hard assets...our properties. They created the real estate bubble to do just that and look at how well it worked. If just 3% of you will standup we would have an army twice the size of the Chinese army!
737se 2 months ago
This video gave me warm fuzzies inside
CephalopodsRock 2 months ago 5
Treat the Suicide Bankers like the financial terrorists that they are.
SHEEPLEwhisperer 2 months ago 2
Occupy Bank of America, the lying thieves
expatted 2 months ago
Check this interview, very revealing, from someone in the 1%, telling us how they manage money, your money, your hard labor, your savings (if any), your future: "'Money Needs Laws' Former Deutsche Bank CEO Hilmar Kopper", Spiegel Online International, Banking and Finance, 12/29/2011
sabinastete 2 months ago
Think I'll go open an account at BofA
slarsen00 2 months ago
@slarsen00 cuz you're an asshole
expatted 2 months ago
@expatted Because I am smart enough to understand it was Countrywide which B of A bought after the fact that pulled the crap. Try reading something other than blog sites.
slarsen00 2 months ago
Uh... I thought when you borrowed money and couldn't pay it back the bank forecloses on your house.
TheEliteSquadron 2 months ago
@TheEliteSquadron You are right, although look into the thousands of homes that have been foreclosed on WITHOUT the bank even owning the loan. Look in to the case where foreclosure documents were forged, or blatantly disregarded, look in to what they call the rocket docket.
Browser3585 2 months ago
The idea was interesting. The problem is that's not the Bank of America Tower. It was for a short time until 2005. The building has been the Columbia Center for the last 7 years. It's not Bank of Americas Headquarters either. That would be in the Fifth Ave Plaza building down the street.
snufflesjetcity 2 months ago
Maybe I'm blind, but I can hear the saxaphone, but don't see it.
wydok 2 months ago
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firespinguy 2 months ago
Good harmony, better words, and the response from the bankers... priceless...Let's hope their Christmas was just as blessed as all those they kicked out of their houses in the past years. The fraud and deception is outrageous. Now if we can do it to the court system, we may have a chance at keeping America Sovereign. Who's with me???????
gregaj7 2 months ago
occupywallst org: "the only solution is WorldRevolution"
..."The Marxist concept of overthrowing capitalism in all countries through the conscious revolutionary action of the organized working class. Where local conditions allowed a revolutionary party to successfully replace bourgeois ownership and rule, and install a workers' state based on 'social' ownership of the means of production."
Communism has resulted in death for many millions of Christian victims; google "Mullins Secret Holocaust"
sbdwch 2 months ago 2
@sbdwch And Christianity has resulted in the deaths of over 100 million victims. It is the idiological system that has singularly resulted in the most death the world has ever seen. Capitalism is also up in the many millions as well. What's your point?
thanatos101b 2 months ago
@sbdwch are you tarded? No one is overthrowing capitalism you moron. We want it regulated so it doesnt rape us anymore.
silat13 2 months ago
America has unlocked technology that can give people cancer.
1988scottcarey 2 months ago
Ron paul is a fake and if he's true to his word he would most likely die from sudden "cancer"
look up Jack Layton of the NDP.
1988scottcarey 2 months ago
Pretty sure the word "foreclose" in the description is used incorrectly. Just saying. Also, OWS doesn't comprise 99% of the population, and therefore doesn't represent it. If you claim that you're fighting for US, the LITTLE PEOPLE, you're no better than the politicians in Washington who make the same claim.
omegaphoneofjesus 2 months ago
Great work!
Must continue exposing the banksters!!!
SapoArdente 2 months ago
We know they are crooks and wankers, fa la la la la la (-:
Classic
cIickNEXT 2 months ago
The protesters need to be congratulated for speaking out against banks and big business. We also are fighting corporations and a corrupt government that allowed Sunday shopping in
Nova Scotia ,Canada. Business will tell you anything when money is involved. Occupy movements need to keep up the pressure or nothing will ever change. Visit our channel for more on Sunday shopping and a common day off.
tclhoneyabby 2 months ago
This has been flagged as spam show
Support Ron Paul.
Less government spending, less taxation to American Citizens, a budget plan that works.
This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.
He has fought against the war on drugs, the foreign wars, and corporate bail outs.
Vote for liberty this year. Vote for real change.
Thumb up and spread the message!
RapsAlive 2 months ago
@RapsAlive Ron Paul is a crazy, racist, homophobic monster that wishes to destroy our social safety net. We've already had two presidential administrations that have lowered taxes, two presidential administrations that have lowered government spending. We know these a failed policies, and we don't need more of it.
thanatos101b 2 months ago
@thanatos101b Really? I never gave much thought before to Ron Paul. He bugs you people that much? Hmmmm, Maybe I should support him then? Naw, he is still a crackpot, even if he does piss you guys off. He gains some respect in my eyes though.Funniest thing is, I actually believe much of what the left believes as far as helping the downtrodden. I stop very short of the communist garbage though. Doesn't work, Cannot work. Instead of CEO's there are Party elite who are even worse!
killsing01 2 months ago
These protesters are just as greedy and immoral as the 1% they claim to hate. All they do is chant give me some of your money, we want more. Most care more about money than the innocent civilians all over the that have been killed and terrorized by Obomba and his cronies.
stupidamericanz 2 months ago
@stupidamericanz Really? And what "innocent civilians" have been killed and terrorized by Obama? I can list several Occupiers that have been murdered by the police, so I am quite curious what these allegations are about. Anywho, I like how people demanding justice against criminals who broke the law on an unprecedented scale... are really greedy and immoral. You live in fantasy land.
thanatos101b 2 months ago
@thanatos101b You live in a land of fantasy if you think no civilians have been killed by obomba drones in pakistan, afghanistan...etc. You live in fantasy land if you think no civilians were killed because of his war...um i mean intervention.. in Libya. You live in fantasy land if you didn't know u.s. citizens have been assassinated by you dear leader.
stupidamericanz 2 months ago
@stupidamericanz So... you were just bringing up something completely irrelevant to the discussion, out of left field? Well, let's put that in perspective, there were over 100,000 civilian deaths in Iraq under the Bush administration. The most (and this is most likely inflated) that died from the combined NATO forces in Libya is 1,237.
But please, tell us about these "assassinations" preformed by Obama.
thanatos101b 2 months ago
@thanatos101b Whether someone is responsible for the death of 1 or 1 million it matters not to me. A murderer is a murderer. If you don't know about the assassinations, you are really living in obomba fantasy land. You have the internet?
stupidamericanz 2 months ago
@stupidamericanz Actually, I think we've pretty well established who is a lunatic without a lick of common sense, and it is not me. Go on, state your case, scarecrow.
thanatos101b 2 months ago
@thanatos101b Murdered by police? please. get a grip. How about we list all the crimes committed by the hippies in OWS camps. How about we list the rapes, assaults, murders, suicides, drug use, theft and communicable diseases spread. hell head lice and body lice ran rampant. OWS was just a bunch of dirty hippies that needed to occupy a shower and then a job.
MrJohngalt2011 2 months ago
One good thing that will come about from all of this mess, is that banks will now lend less, hopefully only to more informed and RESPONSIBLE people that will pay what they agreed to just like in the past. The problem is congress, because people will then complain that banks are "discriminating" who they lend to, then the future congress will again create laws about more mandatory lending, which will repeat this mess of a cycle all over again.
firespinguy 2 months ago
@firespinguy I see you are still blaming the victims here. I suppose clinging to your failed ideology must give you some sort of comfort here.
Oh, by the by, "mandatory lending laws" had nothing to do with this, as anyone who actually has some grasp of what happened knows.
thanatos101b 2 months ago
@MrJohngalt2011 Why yes, murdered by the police. The crimes that were virtually non-existent? Or are you going to quote News Corp's New York Post article on the subject so we can all have a good laugh? Oh, wait, it looks like you did. The fact that you would cite that just shows once again how ignorant you are about the subjects you are discussing.
thanatos101b 2 months ago 5
@MrJohngalt2011 Can you provide verification of this hogwash? Have you personally been to any of the Occupy sites anywhere? I would doubt it sincerely. I do agree with you that Obama has carried out what I consider to be cold-blooded murder of civilians in Pakistan and other countries by the use of drones. I am sickened by that. You seem to be using a very broad brush and including people like me who support Occupy and what it stands for along with people who support Obama. We are not the same.
peggyforpeace 2 months ago
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tmywil1 2 months ago
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tmywil1 2 months ago
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tmywil1 2 months ago
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tmywil1 2 months ago
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tmywil1 2 months ago
These protests have been Everywhere except where they Should be. At the front gates of the White House. Obama is the Cause of the decline of our economy. He caused it and is perpetuating it. Taling about doing this while he is actually doing that. We finally have a saboteur in the White House. A tyrannical idealogue bent on the destruction of this nation. Better wake up soon people.
killsing01 2 months ago
@killsing01 Really? Because in the past two years there has been more job creation under Obama, than the entire Bush administration. The GDP has gone up, the unemployment rate has gone down. And please offer an explanation of how Obama "caused it?" That is quite an accomplishment considering he had nothing do with the causes and wasn't even elected when it happened. Your idiocy is astounding.
thanatos101b 2 months ago
@thanatos101b Can you say any of this with a straight face? Are you INSANE? You are not only a communist but you are also a friggin IDIOT
killsing01 2 months ago
@killsing01 No darling, I'm a socialist. If I am an idiot, please, prove it.
thanatos101b 2 months ago
@thanatos101b Ah so it comes out. You're socialist, no wonder your views are so warped.
firespinguy 2 months ago
@firespinguy I would be willing to bet thousands of dollars you do not actually understand what socialism is.
But let's talk about this idiocy. Every time I've talked to you I have listed considerable facts, you respond with opinions. It is symptomatic of your failed ideology that you cannot tell the difference between a "fact" and a "view" anymore. It's the only way you can have that ideology. Unfortunately for you, my views are not warped. Merely the result of careful study of facts.
thanatos101b 2 months ago
@thanatos101b You just did prove it. Lotsa luck. Your time here is very very short. Maybe vietnam is good for you? Cambodia is still dealing with the horrible mess from the last guy like you. what? 50 miilion dead? I bet you want to be just like Pol Pot?
killsing01 2 months ago
@killsing01
the economic destruction we are undergoing now is the result of 30 years of voodoo economics. trickle down doesn't work - those who supported it knew that and wanted to destroy the middle class, get rid of democracy so the monied elite would steal at will, "He caused it"? seriously what planet are you living on
danasymtech 2 months ago 4
@killsing01 Sorry that you've missed all the demonstrations that have been taking place in Washington DC both at the White House and Congress. They have also been held at the US Chamber of Commerce as well as the K Street offices of those who lobby Congress and the White House. Oh, yeah, right...the mainstream press doesn't like to cover that sort of thing 'cause they are owned by huge corporations who are making money off the laws pushed by the president and passed by Congress.
peggyforpeace 2 months ago
@peggyforpeace Uhhh, I LIVE IN DC. I miss nothing. Your movement is like you, a sad joke. I haven't missed anything. I am always around. It just doesn't matter what you and your band of misfits and losers do. No one CARES.
killsing01 2 months ago
@killsing01 hey, I just responded to YOUR statement that the protests should be at the Front Gates of the White House and I pointed out the FACT that there have been many at that very spot. Sorry that you only want to rant, not discuss. Have a wonderful peace-filled day living in your little bubble world.
peggyforpeace 2 months ago
I'm surprised BoA didn't shoot them dead.
expatted 2 months ago
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Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Longie60724 2 months ago
This has been flagged as spam show
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Longie60724 2 months ago
This has been flagged as spam show
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Longie60724 2 months ago
Bush opened the US Government to all Corporations. He let them set the laws, the rules, install all there people & give them jobs inside the government, rob the public blind, steal all the wealth, They are entrenched in our own government. Voting in any republican will continue the insanity.
Longie60724 2 months ago
@Longie60724 What a bunch of babble.Do you even think about what you are saying before doing so? That Kool-aid must be some good stuff. it has your minds all messed up. The stupidity is incredible. At what point do we realize that the fall of our economy is on Obamas shoulders? After three years and countless trillions wasted do we admit that Obama is a huge mistake, huge failure?
killsing01 2 months ago 2
@killsing01 Obviously you do not. Say, how much is Koch industries paying you to spout right-wing talking points on youtube all day? Really? It's on Obama's shoulders, is it? Because the economy failed on March 10, 2000, the economy died in 2007. Neither of which happened while Obama was in office. The entire reason Obama has been as unsuccessful as he has been is because he keeps utilizing already failed right-wing strategies, instead of the known successful left-wing ones, scarecrow.
thanatos101b 2 months ago
@thanatos101b Thanks, Comrade Marx. Your philosophy has never worked, cannot work. You love our freedoms but rant against them? All of those like you must have been dropped on their heads at birth. Your ideas are idiotic and nonsensical. They cannot hold water which is why you only can deal with other delusional people who are as nutty as you are. You could never survive in a communistic setting. You wouldn't be allowed to have this discussion with me in the first place.
killsing01 2 months ago
@killsing01 You don't really understand what "freedom" is, do you, scarecrow. In fact, I know you do not actually understand what "communism" is. Oh, and Marx was German, not Russian. I notice you didn't address my points at all in this missive, simple simon. You know where I proved it was fundamentally impossible for Obama to have any blame in the economy's failure, something you claimed? Instead you rant and rant and rant because you know you are wrong.
thanatos101b 2 months ago
@thanatos101b You still haven't told me who Koch industries is. They will actually pay me to do what I am glad to do for free? Really? Or are you thinking of the "Communist front groups that pay people to organize? can you give me their number??
killsing01 2 months ago
@killsing01 I thought you live in DC? I thought you "miss[ed] nothing?" Your idiocy is showing again, scarecrow. BWAH-HA-HA! "Communist front groups that pay people to organize" and just how, exactly, are these communist front groups getting that kind of money in the first place? Your insane conspiracy theories are false on their very premise.
thanatos101b 2 months ago
@thanatos101b Arff Arrfff grrrr. Little lap dog, Thanatos. Arrfff Grrrr You piece of frigging nothing. You insignificant nothing. This is entertainment for the rest of us. Keep sleeping and shitting in our parks. You are really changing our minds!! Idiot!
killsing01 2 months ago
@killsing01 I love these constant admissions that I am right. You do realize every time you display one of these hilarious posts it is a giant, neon sign flashing "Thanatos is smarter than I am," don't you?
thanatos101b 2 months ago
@thanatos101b
I hope that was sarcasm....
If not, I'd be happy to counter.
RapsAlive 2 months ago
@RapsAlive Darling, only a lunatic or an ignoramus would support Ron Paul. In fact, he's a scam artist. He's worked dutifully for years to artificially inflate the price of his own gold stocks.
thanatos101b 2 months ago
@thanatos101b the government spending money they have not printed yet is the real reason the value of the dollar has gone down. Only a lunatic or ignoramus would think the price of gold has went up, when in fact the value of our dollar has gone down, thus effecting the gold market because gold was the standard before the dollar, so gold is the more traditional hedge, although oil is more important in these times, still does not change the difference between value of dollars &gold.
TheJRuePerot 2 weeks ago
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firespinguy 2 months ago
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firespinguy 2 months ago
This has been flagged as spam show
@thanatos101b You are a real moron. A few socialistic systems doesn't mean socialism is good, that childish logic is flawed. You didn't give me facts, only just twisted information you thought you can use, and ignored anything that didn't fit your view. Nearly every country that tried socialism failed, the few who are left are either turning capitalistic or are small countries that need a abundance of natural resources or a large industry to counter the huge negative effects of socialism
firespinguy 2 months ago
@firespinguy Aww, flagged for spam, my little idiot. Actually yes, it does mean socialism is good to neutral. And darling, do you not know what information is? Information is facts, scarecrow. Please point to a fact you brought up that I ignored. Prove you aren't a liar. Try to think before you speak. Also your claim about failed countries is hilariously false. Socialism has no negative effects, as you just established in your second sentence, simple simon. Go back and try again.
thanatos101b 2 months ago
@thanatos101b Look every post I responded to you, from your American Airlines post up to now moron. You are just another pathetic jealous parasite that want stuff for free. I have a life and work, unlike you who argue with multiple people on youtube all day, day after day. Do you even work? You literally post every hour non-stop. I probably pay for your benefits. Look at North Korea who used 100% socialism, see that is the ultimate ending for socialism.
firespinguy 2 months ago
@firespinguy Why yes. You have scrounged up the brainpower to type a "response" to my posts. Too bad you could never find a way to respond to the content within them. I do love that you are stupid enough to attempt to comment on my personal life. You and I both know that whatever you describe is more likely you than me. You're here arguing with multiple people just as often as I. This is all just to distract from the fact that I've got facts and logic and all you've got is a failed ideology.
thanatos101b 2 months ago
@thanatos101b Your mind is really warped and you're a liar. You didn't post any facts, moron. I have only been arguing with you. While anyone can see going down the pages of this video you argue with mulitple people all day, every day, every hour. You're just a parasite posting on youtube all day. How about you actually work instead of living in jealousy and trying get everything free from others and the government? What a loser you are.
firespinguy 2 months ago
@firespinguy Scarecrow, if I am lying, please quote me lying along with the quote that proves it. Such projection going on in this post! Here's proof that you are suffering from a complete disconnect from reality. I offer a lengthy series of facts and you claim "[my] mind is warped." What you actually mean is that you choose ideology over reality. Also known as being crazy. I must really have gotten under your skin for you to become unhinged to the point of your actually admitting you are crazy!
thanatos101b 2 months ago
@thanatos101b I responded and pointed out your BS through out this debate. Just look at our past posts. I'm not going to start all over again from point 1. I actually have a life. Youtube arguements don't get under my skin. Productive people like me who actually work and pay taxes can support politicians who won't support your crazy ideas. I haven't been politically active lately but seeing how warped people like you are out there, just encouraged me do so. So have fun on youtube.
firespinguy 2 months ago
@firespinguy Oh, scarecrow, no you didn't. In fact you couldn't. You are neither intelligent nor educated enough to respond in anything other than your usual delusional blather. Such as this post. Everything you claim marks me as "unemployed" or "a parasite" applies just as much to you. Meaning, by your own admission, you are not productive, you don't work, you don't pay taxes, and you are a parasite on society. By trying to mark me, you marked yourself. While I am still, as it were, a mystery.
thanatos101b 2 months ago
@firespinguy Actually, Thanatos did infact post facts. Whether or not you admit to them or not is irrelevant. They are there.
As to meaningless youtube points, I'd have to say the score is now Thanatos 2 firespinguy 0
I'm just biding my time and waiting for you to start accusing everyone who doesn't agree with you as being Nazi's.
RapscallionRebellion 2 months ago
@firespinguy Hmmm, interesting. Thanatos has posted several facts, whereas, you have responded with fear tactics and name calling.
I'd have to say, Thanatos 1, firespinguy 0.
RapscallionRebellion 2 months ago
@RapscallionRebellion Wrong. Thanatos didn't post any facts, just basely claims and everytime I refute what he said he started name calling first and then quickly changed the subject to something else. Just because you agree with him doesn't mean its true. Enjoy your meanless youtube points.
firespinguy 2 months ago
@firespinguy I think you miss the point about the occupy movement, they want the Govt to stop giving hand outs to banks, they want capitalism returned to the US where IF you risk and it pays off you keep the reward BUT if you fail you take the consequences, the banks gambled and lost - instead of going bankrupt they passed the losses to the the taxpayer, took $7.7 Trillion in 0.01% loans from the govt and paid themselves bonuses.
xdir 2 months ago
@xdir I didn't even bash the entire occupy movement, I said people like these (in the video) willing agreed to borrow loans/mortgage from the banks. They willing borrowed more than they can afford and are just as greedy as the banks were. While I and many others was living within my income/means and saving, there are the people who were buying the biggest houses and cars, are now broke and complaining. I can't feel sorry for those people who had a lack of self-responsibility.
firespinguy 2 months ago
@firespinguy No ones asking for sympathy, they are just angry with the injustice that the banks who encouraged the bad behavior (constantly telling borrowers that house prices can only go up and advising them to release equity to buy cars/boats) received $trillions from the fed, yet the average borrower gets no breaks. Banks can now borrow at 0.01% to save themselves but won't renegotiate ARM mortgages that have reset to double digits.
xdir 2 months ago
@firespinguy forget about what YOU are doin and worry about everyone else!
darkmark420 2 months ago
Gives me hope for America as it declines ...
RVAepiphanyseeker 2 months ago
If these people are pissed about bailouts they should be on the front lawn of the White House.
ShoniM71 2 months ago in playlist Uploaded videos
@ShoniM71 First off, why should a group of people from Seattle go all the way to D.C.? Secondly, they weren't pissed off about the bailouts, they were pissed off at the banking industry's grossly illegal activity. Thirdly, have you not heard about Occupy Washington D.C.? Fourthly, the bailouts took place under the previous presidential administration.
Please, get your facts straight.
thanatos101b 2 months ago
this is fucking awesome.
HarryFleckenstein 2 months ago in playlist Uploaded videos
We did a similar action with Occupy Springfield Illinois in the Capitol rotunda. It was an action against Illinois SB0397, which game millions in tax breaks to CME and Sears. We had a santa come in and give coal to all the legislators (chocolate), and sang,
"You better not cheat,
you better not lie,
You better vote NO
I'm telling you why;
Occupy is coming to town!"
JCHumphrey1 2 months ago
If it wasn't such a huge problem for surrounding businesses and average people that are subjected to the many inconveniences of these obnoxious jerks it would be plain Comical. Who could possibly take these whiners serious? Most of which have been lucky to live a privileged life and pretend to represent the 99%. Don't presume to represent me or anyone I know. Protest the White House. That is where our problems all originate, funny that not one of you hold Obama accountable.
killsing01 2 months ago
@JCHumphrey1Better not think , give me a free drink we don't bother bathing at all. We really stink, don't use the sink, We'll piss and shit on the sidewalk in your town. I know that you are greedy I want all your cash, I won't work a minute for it I'll just cry and whine all day. Occupy Cry babies are in town. . We'll show our privates to your children, rape and kill and attack the cops, we'd screw your dog if given a chance, Occupy Whiners are in town.
killsing01 2 months ago
@killsing01 That the best you have? We smell, we whine, and rape and kill?
Lame :-) DIdn't even hurt my feelings. You lose.
Go away, troll.
JCHumphrey1 2 months ago
Great video. and next time FAUX media tries to claim the movement is all just college kids, I think they should take a look at just how many elders are also participating.
kyrat 2 months ago 2
@kyrat Fox is probably the one news outlets that has shown the true nature of those involved in this charade that is OWS. . Truth is never the friend of the Left wing, never has been, never will be. Long live the truth. It used to be a good trait, and still is, unless you happen to be a lying, cheating, misrepresenting Left winger who cannot think for yourself and has to check with your Comrades before forming the "Collective" opinion.
killsing01 2 months ago
@killsing01 Really? Care to offer that "true nature?" Because Fox News is owned by New Corp., News Corp. donated a million dollars to the Republican Party. News Corps' Fox News reported verbatim News Corps' New York post article on OWS, without noting the conflict of interest. Leaked internal memos from Fox News show that their executives dictate the reporting done on the channel for entirely political reasons. Nothing Fox News reports can be taken seriously.
thanatos101b 2 months ago
@thanatos101b Same goes for MSNBLeft, would you not agree? Who owns them?
stupidamericanz 2 months ago
@stupidamericanz Why they're owned by General Electric. The world's largest corporation and a major defense contractor. Do you actually think the world's largest corporation which also is a defense contractor would be interested in liberal perspectives? MSNBC regularly castigates their ownership for its sleazy activities, compare that to Fox News's coverage of the phone hacking scandal.
thanatos101b 2 months ago
@thanatos101b You cannot argue with an idiot. They usually have much more experience at being stupid than your average person. So now MSDNC isn't biased? Like you and your entire agenda, this is laughable.
killsing01 2 months ago
@killsing01 If they are biased, please demonstrate the bias of the exact same kind that I outlined for Fox News. Show me the memos where executives directed journalists reporting for political reasons. Show me the coverage of their own companies scandals, the way Fox News covered the phone hacking scandal. Show MSNBC giving a million dollars to a political party.
You, scarecrow, are an idiot.
thanatos101b 2 months ago
@thanatos101b If you don't realize the MSN is just as corrupt as Fox, you are the idiot.
cIickNEXT 2 months ago
@cIickNEXT I've detailed exactly how and why Fox news is a propaganda outlet and not a news source twice in this thread. I've also outlined how it is fundamentally impossible for MSNBC is be corrupt in the nature of Fox News. If you want to make this claim, please address those points.
thanatos101b 2 months ago
@thanatos101b While both channels have there highs and lows, they both are infotainment crap, not good news sources. Why doesn't MSNBC ever point out that the federal reserve caused the housing bubble, but none the less Obama reappointed the man responsible, who was GEORGE BUSH'S financial adviser, as chairman of the federal reserve? Fox news turned the originally libertarian/anti-bailout Tea Party into a rep movement, MSN turned OWS in liberal movement. They both polarize, both BS
cIickNEXT 2 months ago
@cIickNEXT And MSNBC castigated Obama for that particular appointment. Anywho, I listed specific problems with Fox News, specific reasons it was corrupt and untrustworthy, and I asked for specific examples of MSNBC doing similar things. This sad attempt at false equivalency is not even in the same universe as what I listed Fox News has done. Please find actual examples anywhere remotely near what I listed.
thanatos101b 2 months ago
@thanatos101b Fine, I will forfeit this debate just because I don't really care, I agree with you that Fox and NewsCorp in general are corrupt, as that is blatantly obvious. I just have a vendetta against mainstream tv news media in general as, in my opinion, most of it is infotainment garbage that polarizes people through sensationalism. I have other research projects I am working on for my channel. Eventually, I may write a message back to you with evidence about MSNBC. Good day.
cIickNEXT 2 months ago
Thank you!!!!!
wellsbusta 2 months ago
SO MUCH WIN!
CraftyCotton 2 months ago
Pretty moronic. They complain because a bank loaned them several hundred thousand dollars and then had the gaul to demand they live up to their contract to repay the loan. This is not the 99% but the very small percent of those that refuse to pay their loans back.
MrJohngalt2011 2 months ago
@MrJohngalt2011 THEY trashed the market so now the money that we borrowed is more than what the house is worth. 30% of the homes in Michigan are now underwater.
joshuag5732 2 months ago 3
@joshuag5732 They didn't trash the market, but followed the rules as set forth by the congress. Banking is one of the most heavily regulated industries in America is not the world. You should look to DC for someone to blame.
Next, underwater does not matter. 1. you have a contract to pay the loan, even if there is depreciation. 2. you only take a loss if you sale right now. just ride out the low and you will be fine.
MrJohngalt2011 2 months ago
@MrJohngalt2011 "but followed the rules as set forth by the congress". Not too long ago in America it was legal to own a black person. But that didn't make it right. I'm sure then you would at least agree that the now-considered fraudulent and unethical acts by the banks should never be allowed to happen again.
littlerama 2 months ago
@littlerama This is nothing like owning a black person. If you borrow money then you pay back what you agreed. Nobody was forced to take a loan. The banks mainly needed a bailout (which is a loan from the government they must pay back) because people who borrowed money from them wouldn't pay back what they agreed to. Now the banks are going stop lending as much as before, and these same people who are presently against the banks are going to complain in the future about less lending.
firespinguy 2 months ago
@firespinguy I'm not disputing that people who borrow money are liable to pay it back. My point was that the banks aren't entirely innocent in this matter either. It is well known now that many of them committed fraud (e.g. betting against their own clients in relation to these subprime mortgages) as well as host of other bad deals to enrich themselves and their shareholders at the expense of their clients and the wider society at large.
littlerama 2 months ago
@firespinguy No, the banks made loans they knew were bad, entirely by exploiting the people who they loaned the money to, then they sold those loans to third parties, and bet against them. That's text book fraud. Not to mention they aren't paying the bailout money back, they are merely taking money from other government sources such as the small business loan fund and giving it back to the government. The banks are an amoral cancer upon society and need to be replaced.
thanatos101b 2 months ago in playlist Uploaded videos
@thanatos101b The bank made loans that were bad, but no one put a gun to the head of the people who agreed to take more than they can or want to pay back. Claiming those people were exploited is navie and defending their irresponsibility. Those people were just as greedy as the banks who gave them loans, buying more they afford.
firespinguy 2 months ago
Comment removed
lamontmerrick 2 months ago
@firespinguy No one put a gun to heads of American Airlines to take loans out. They chose bankruptcy when they had four billion dollars in the bank in order to not repay their loans. No one put a gun to the heads of the Mortgage Bankers Association when they, ironically, took a mortgage on their headquarters and then defaulted 34 million dollars on it. Defaulting your loans is considered savvy business sense when a corporation does it. Sorry, but those homeowners were maliciously exploited.
thanatos101b 2 months ago
@thanatos101b Backruptcy is not savvy business because it is a last resort. You will have less investors who will want to invest in your business. Statistics do not support your claim 80% of Americans are poor. That is a lie and ridiculous if you believe that. Where do you even get this from?
firespinguy 2 months ago
@firespinguy Really? Last resort? American Airlines currently has four billion dollars sitting around doing nothing, and they declared bankruptcy, and were praised for it. They could pay their loans for years, but decided it made more sense to declare bankruptcy. Look it up. I'll wait.
Nope, statistics support that claim. During the Bush administration 80% of Americans spent 110% of their incomes, entirely because their incomes fell. It's from Nobel prize winning economist Joseph Stiglitz.
thanatos101b 2 months ago
@thanatos101b American Airlines TOTAL DEBT is far higher than 4 billion. They have to pay back loans, but also pay pensions, creditors, and suppliers and matenance. Their stock is down, so financially they don't have any real money. They can pay off their loans, if they close the company, but still have debt. Anyway I'm not defending them. American spending 110% doesn't make them poor, just irresponsible and materialistic. You don't need to buy every IPOD on your credit card.
firespinguy 2 months ago
@firespinguy Allow me to quote you, earlier. "no one put a gun to the head of the people who agreed to take more than they can or want to pay back." By your own statements, all this is merely irrelevant blather and "defending their irresponsibility."
Really? So 80% of Americans are irresponsible? That's ridiculous and does not hold up to scrutiny. It does make them poor. People whose income regresses forcing them to take on debt to pay their bills is the very definition of poor.
thanatos101b 2 months ago
@thanatos101b Yes, if you spend 110% of your income, then 80% are irresponsible. That is basic common sense and very simple. Dont move into most expensive nieghborhood, don't buy the most expensive car, don't spend more than what you earn and save. Why is that so hard? I and millions of other Americans are doing fine by following those simple rules. Nobody forced anyone to spend more than what they make, to claim otherwise is to defend irresponsibility. This is for people and any business
firespinguy 2 months ago 2
@firespinguy Really? Because businesses regularly spend much, much more than 110% their income, it's called "leverage" and, again, it is considered savvy and intelligent business.
And, scarecrow, did you miss the part where they were spending that much because their wages fell? Do you understand the concept of regressing wages? Apparently not.
thanatos101b 2 months ago
@littlerama Slavery was over 150 years ago and our country paid a very high price to expunge that sin from America. the banks did not hold a gun to your head and tell you to sign. you have free will and free choice. the banks did nothing wrong.
MrJohngalt2011 2 months ago
@MrJohngalt2011 Really? Care to take a credit card offer and figure out what the actual payment rate is and how much you will actually have to pay on it? If you can, you're better than virtually all first year law students. Oh, and what about all those illegal foreclosures that the banks have been preforming? The entire financial industry needs to be expunged and replaced.
thanatos101b 2 months ago in playlist Uploaded videos
@MrJohngalt2011 Try getting a house or going through college without a loan. Just saying. That's pretty much a gun to your future, if not your life itself.
JCHumphrey1 2 months ago
@JCHumphrey1 No it is not a gun. It is your choice to get at loan. For college you have the choice to save up your own money, or do well in highschool and get a scholarship, apply to fafsa and I've seen them give up to 20,000 a year. You also don't need to go to the most expensive college to do well. For a house you don't need the biggest house or loan. There are more Americans that have done it right and is fine than those who are blaming all of their irresponsibility on the banks.
firespinguy 2 months ago
@firespinguy Which bank do you work for? lol
Seriously, though. The financial institutions knew what they were doing. They know a lot better than we do what a layer of "false profits" can do to an industry, and they positioned themselves perfectly to get the greatest benefit from it. From Goldman Sachs to Enron to Worldcom, all those deceitful users can go to hell as far as I'm concerned.
I just don't want them to take my money with them.
Quierame407 2 months ago
@MrJohngalt2011 So what if I don't WANT to stay here for the rest of my life. What if I want to move somewhere else. If I do I'll be ruined.
joshuag5732 2 months ago
@joshuag5732 No. You have a choice in your house. find a buyer that will pay for the house what you think it is worth. The true worth of an object only occurs when a buyer and seller agree to a price. a price of a home is not set by a realtor, or the bank, or some website - it is by individuals. you also must bear risk in buying a house. that is why you can make a profit when you sell it as you put your money at risk and received a return for it. it is called simple economics.
MrJohngalt2011 2 months ago
@MrJohngalt2011 LOL ok. I'll find a buyer and convince him to pay TWICE what the appraiser says the house is worth.
joshuag5732 2 months ago
@joshuag5732 Again, true valuation of any asset is when the buyer and seller agree on a price. The appraiser has nothing to do with it. If you want the house you will have to pay what the seller wants for it. stop being a liberal victim.
MrJohngalt2011 2 months ago
@MrJohngalt2011 They followed the rules that THEY wrote which benefits THEM. They removed laws that protected consumers. Then after the crash they prevented an attempt to reinforce those rules that kept the markets stable for 50 years.
joshuag5732 2 months ago 3
@joshuag5732 NO. they followed the rules written by congress, and then when they went belly up because of mis management on their part they begged for a bailout. we should have allowed the banks that acted badly to fail. capitalism has consequences and you can't fix stupid.
MrJohngalt2011 2 months ago 6
@MrJohngalt2011 LOL Congress writes exactly what the banks tell them to write. ALL the major banks acted badly. If we had allowed them to fail the economy in every country in the world would have collapsed with them.
joshuag5732 2 months ago
@joshuag5732 No it wouldn't. Many banks and almost all of the S&Ls were in very good financial shape. The culprits is congress and Obama. They write the laws, they are responsible and they are not allowing companies that should go out of business to do so. They, congress, has removed consquences and then we are confused on why they took such big risks.
MrJohngalt2011 2 months ago
@MrJohngalt2011 This is a lie. This is one of the stupidest lies I've ever seen. The housing bubble was created under Bush, beginning in 2003. The primary lenders were all private companies under almost no regulation. The entire sub-prime mortgage markets were worth only 1.4 trillion, but the banks heaped 140 trillion dollars worth of financial gimmickry on top of them, and the only thing congress had to do with it was failure to regulate.
thanatos101b 2 months ago
@thanatos101b They both to blame
watch?v=A_2D4mK95NQ
stupidamericanz 2 months ago
@stupidamericanz Sorry, but I had to shut off that video the very moment they brought up Fannie and Freddie, which had nothing to do with the collapse. More than 84% of the subprime mortgages in 2006 were issued by private lending institutions, and that same year Fannie and Freddie combined held only 24% of sub-prime loans. Anyone who even mentions them in the same general area as a comment about the housing bubble is an ignoramus.
thanatos101b 2 months ago
@thanatos101b So they weren't responsible with the 24% at all . How many lending institutions make up the 84%?
stupidamericanz 2 months ago
@stupidamericanz Nope, there's actually did better than the privately held ones (for obvious reasons). As far as those lending institutions among them were: Countrywide, HSBC, Chase, Wells Fargo, JP Morgan Chase, Morgan Stanley, Goldman Sachs, Citigroup. Of course most of these are just umbrella corp names, and most of the mortgages were written by divisions and firms inside them.
thanatos101b 2 months ago
@thanatos101b Chris Dodd says its the cause
watch?v=1RZVw3no2A4
stupidamericanz 2 months ago
@stupidamericanz Yes, and? Chris Dodd's entire time in congress was marked by being on the take by the banks. He was nothing more than their little puppet that said whatever they wanted him to say. Financial Crisis Inquiry Commission have all shown, it was deregulation mixed with irresponsible and potentially illegal practices by private firms on Wall Street that caused both the bubble and the collapse. And every fact that has surfaced has supported that claim.
thanatos101b 2 months ago
@thanatos101b No. The bubble started in under Clinton with the CRA that forced banks to make loans to people that couldn't qualify. Take a very close look at Fanny and Freddie (all Dems) and see how they demanded that more loans be made and l look at how the justice dept them threathened lawsuits if loans were not made. Bush requested from congress on 17 seperate occasions to rein in the loans. The Dems/Congress refused to listen.
MrJohngalt2011 2 months ago
@MrJohngalt2011 Well that's a lie, and one that's incredibly easy to refute. We know exactly when the housing bubble started, which was between 2000 and 2003. The CRA had nothing to do with it, as only one of the top 25 sub-prime lenders was actually subject to the CRA. Fannie and Freddie had nothing to do with it, they only held 24% of sub-prime mortgages in 2006, which was down for them.
Anyone who would claim these things is massively ignorant of what happened.
thanatos101b 2 months ago
@MrJohngalt2011 Some people live in small tiny square boxes and everywhere the look they see things square!! Oh you thought i was addressing the 99% choir? no actually i'm talking about you based on your moronic statement!
infiniteheartson 2 months ago 2
@infiniteheartson What? Are you smoking something you shouldn't? Please try and make sense before posting and looking the fool.
MrJohngalt2011 2 months ago
@MrJohngalt2011 exactly.
AnonymousPSNetwork 2 months ago
@MrJohngalt2011
It would appear that you are correct, but only if you view the world with your head up your own ass. Not the position most of us want to assume.
MrOldskoolboy 2 months ago
@MrJohngalt2011 Really? Did you know that the Mortgage Bankers Association, which castigated homeowners for defaulting on their mortgages, did a short sale of its headquarters, dumping it for thirty-four million dollars less than the value of the building’s mortgage. American Airlines declared bankruptcy with four billion dollars in the bank, because it didn't want to pay its bills and loans. Looks like the only ones who are supposed to live up to contracts are the poor people.
thanatos101b 2 months ago 2
@thanatos101b Most of those people were not poor, just greedy and irresponsible. Many also claim bankruptcy as well. There is no innocent victim in this mess, whether business or homeowner.
firespinguy 2 months ago
@firespinguy Sorry, but economically speaking around 80% of Americans are poor. And yes, all those homeowners are entirely innocent victims. Their incomes stagnated, they were worked to the bone, and the banks stole trillions of dollars from them.
thanatos101b 2 months ago
Love it. Thank you!
ClockwiseCat 2 months ago
Very clever 99% choir - BRAVO!!!
RockyMtPosterChild 2 months ago