Occupy the Federal Reserve Minnesota
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It should be EXPOSE the federal reserve instead of OCCUPY. Also with Occupy wall street should be called EXPOSE WALLSTREET... I wonder who started the whole occupy thing? well anyways I respect and stand in solidarity with truth and truth and truth and truth truth truth truth.
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@RobotAmazing Thank you for taking the time to educate yourself and others about our financial system and who controls it. Many aspects of your response are accurate and on point. I only wish the other 99% of the protesters were as educated as you, rather than Marxist or so far right they meet somewhere on the other side of the middle. In any case, I do appreciate citizen's ability to protest, I just don't think most of them know why they are there, other than to chant and act like victims.
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To cast4837: My goal at OccupyMN was to see why people are there. A lot of people were there because they blame Wall Street. I wanted to ask them why they blame Wall Street. Some people said Greed. I wanted to know what they meant by Greed. My findings were many people couldn't define what they meant by Greed, so I tried to explain what people are talking about during the chants. I don't agree with all the Occupiers, but I still support them.
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To cast4837: Also, derivatives don't need to be bad; if the investing party has enough capital to afford the default of the investment, derivatives can actually be beneficial for growth if the investment realizes a profitable return, and if it goes bad, the loss can be paid for with the initial capital.
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To cast4837: Maybe if you understood what I was saying, you might actually see through the false dichotomy you have lead yourself into. Have a real thesis before you start criticizing people who are trying to help people understand this crisis. Maybe you could start by researching M0, M1, M2, M3 and MZM.
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To cast4837: We need to change the way we look at the function of money. A recovery doesn't mean we are ever going to live like we used to; it means we need to change the way we live now. Banks like Goldman Sach and JPMorgan Chase are laughing their asses off right now because they have trillions of dollars in contracts people owe them, and they have Central Banks like the Federal Reserve, IMF, ECB, etc. to realize their investments and expose us to the risk.
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To cast4837: It is very difficult to articulate ideas to people who don't understand financial jargon. I could just talk about the whole scheme assuming people know what I am referring to, but it would intimidate people from wanting to do their own research. I don't advocate to get rid of corporations; I think we need a monetary system that embeds natural regulation instead of creating senseless bureaucracy; we could do this by abolishing Central Banks like the Federal Reserve.
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To cast4837: Our Central Banks continue to expose us to the risk of investments (OTC Derivatives) that should have never happened like the obligations of Credit Default Swaps. Just a few days ago there was a $75 trillion backstop by the Federal Reserve/FDIC for CDSs through Bank of America. $75 trillion is about $5 trillion more than the world makes.
To cast4837: It takes time for people to wake up and get educated up to speed. It took me about 5 years of research to know what I know today. I am not against you; I want you to understand we can have compassion by understanding how we got where we are now. Empty your cup about left-right politics, and embrace critical thinking.
RobotAmazing 4 months ago 3
To cast4837: Maybe you might want to see Goldman Sach's exposure to OTC Derivatives. Maybe you might find JPMorgan Chase handles every food stamp transaction in the United States with more than 45 million people on food stamps - the highest number of people on food stamps in history.
RobotAmazing 4 months ago 3