The stock market has been decoupled from the real economy for years. There are interests who want all of us to make sacrifices when the stock market goes down, but I don’t agree with them.
Would Biden break an Occupy like Obama did?
Obama didn’t need to break the occupy wall street moment. That moment was so unorganized that it broke itself.
The media had their role in it too by setting a ‘tone’ for the whole thing by treating it like a joke from the start and being sure to always interview the kookiest of people whenever they’d visit one of the encampments. Alternatively, conservative outlets like Fox would paint the protestors like a bunch of entitled freeloaders who just wanted to cause problems.
That clip of the wall street tycoons drinking champagne and laughing at the protesters.
I think that’s because leftist movements with leaders get Fred Hampton’d.
The amount of figures within OWS and BLM that died under strange circumstances is pretty not comforting knowing the organizations who do things like that have near impunity and control of information.
Any sources on the many deaths under strange circumstances?
Feels like the false stories you hear about people that opened tutenchamuns grave.
6 in Ferguson, probably among the one that made more noise.
https://www.nbcnews.com/news/us-news/puzzling-number-men-tied-ferguson-protests-have-died-n984261
OWS Demonstrator death here
Another OWS demonstrator and community organizer
OWS Demonstrator, Author and powerful community force here, seems less suspicious than the others but also the person is more critical to the movement and had a sizeable reach in his capacity as an author and anthropologist.
https://www.cbsnews.com/news/david-graeber-dies-59-occupy-wall-street/
I’d have to ignore a lot of history to consider it impossible for the same people who thought they could control minds with LSD and did put microphones inside Russian street cats to have a hand in this.
There an even older gentleman deeply affiliated with OWS who also passed but again that looks even less suspicious that David Graeber, like the scene is inherently less ‘manipulatable’ which is not to say its impossible. This is the pattern that a lot of people saw and discussed.
So 6 people in a span of 3 years in an area with a life expectancy of 56.
The two in the burned cars were the likeliest related to the protests and murdered, but it’s much more likely to be some gang bullshit and not targeted at all.
Wikipedia says this about it:
As of March 2019, Ferguson protesters have continued to receive threats to their lives or wellbeing
The articles you posted mention this
The 2010 U.S. census showed that while people who live in wealthy and mostly white western St. Louis County can expect to live well into their 80s, life expectancy in parts of mostly black north St. Louis County reaches only into the 60s. Life expectancy in Kinloch, a few miles from Ferguson, is 56.
Forty-five of the county’s 60 homicide victims last year were black in a county where less than a quarter of the population is black, according to police statistics.
I don’t think it’s any conspiracy shenanigans going on and not government members that killed them suspiciously…long after the protests were over. It looks like a horrible place to live, especially for black people without any perspective for a future.
It smells like “I want to believe”, not some deep state revenge after the fact.
It doesn’t even look like a statistical anomaly that much if you take everything into account.
Here’s a link to suicide rates in the US.
Occupy had no central leadership and nobody on earth seems to be able to accept orgs like that. Seems we’ve been conditioned to believe that everything must be run in a hierarchy.
If you were there you developed an appreciation for sanitation. I dropped off food a few times and it smelled horrific.
Some organization is a good thing.
Absolutely. Decades of “heros journey” formatted TV and movies does that.
The other side of that “hero” coin is whistleblowers in movies/TV who, in rl, are vilified beyond even the real criminals who tank the world’s economy selling banded, illegally-authorized mortgages as good investments.
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Honestly, these researchers could have saved themselves some work and simply looked at the current income disparity to come to the same conclusion …
I’ve lived through a whole dark age and three supposed end of days with the stock market.
I was working with Lehman Brothers when they went bankrupt.
Watching the collapse of a major investment bank from the inside is an interesting experience.
Still have one of their plexiglass desk cubes listing “Our values”, which always brings an ironic smile to my face whenever I see it.
I pulled an old free frisbee out of a box of toys my mom had saved to find it was WaMu branded. Had a little chuckle at the free plastic frisbee outliving them.
It didn’t really collapse. Your CEO walked out the door with over 600 million dollars for a single year of work.
Is that the one where the values were on the other side of a Venn diagram without anything in the overlap?
The crash is very much a part of the cycle. The rich siphon every single dollar they can during boom times, then increase their market share by buying out smaller, struggling competitors during crashes. And they use taxpayer money to fund their acquisitions.
The class war is over. We lost a long time ago.
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”
- A Tale of Two Cities
Would a crash lower house prices?
Sure, but you won’t be able to buy any. Hedge funds will hoover up all of the freed inventory faster than retail buyers can.
Depending on why it crashed, it might in some areas to some extent. It might also motivate a drop in rates which could cause prices to start spiking upwards. The biggest issue with house prices is supply has been constrained since the GFC, there hasn’t been enough housing built to meet demand. Until that changes I wouldn’t expert house prices to ever decline significantly or over a sustained period of time.
I would be really worried about that if I were in the investor class. Then again, I wouldn’t like myself very much, so I’m glad I’m not.
They’re never worried. An economic downturn is just an opportunity to them.
And what’s the worst that can happen to them? “Oh no, instead of having 2 villas I will only be left with 1?”
Chances are they already can choose to not work for the rest of their lives. They will never get into a worse position than the average worker already is in.
What op meant by the downturn being an opportunity is that their cash reserves get used to buy up whatever depressed item exists. Land, buildings, etc.
They aren’t weathering the storm like most, they are buying all the abandoned boats.
I know, I was furthering the point. Even if they “lose”, they don’t lose.
Gotcha. They’ll have three villas though.
If there are two classes which are top priority for “rescuing” with public money, is Financiers and Wealthy Investors.
It’s the small fry that needs to worry, as invariably they’re the ones left holding the bag whenever a way overstreched Economy and associated La-la-Land of Rainbows & Ponies Stockmarket finally get pulled back by the reality that there is nowhere near enough real value in total to justifiy the total value implied by all those sky-high asset prices.
So many people’s retirements are in the stock market. This would screw over a ton of the working class too.
This is by design. Retirements are more and more tied with risky markets because then the rich can hold everyone else hostage since it’s not just them feeling the pain of a market crash. The insanity has to stop at some point or we’re all going to be held hostage forever. Regardless, the amount that most individuals actually have is little and often isn’t enough to actually retire on anyway.
It did to me, because I have a locked-in pension from a former union job and after I quit I transferred it to my bank … who proceeded to tell me I had no choice but to put it into stocks. As of rn it’s finally back up to what I had in 2008.
I fucking hate the stock market.
I mean technically if you have a retirement fund you are probably invested.
this last sugar rush was nuts, I’m still bearish but refuse to play anything. S&P chart looks like a meme stock.
Is it edging before bed or ?
I fuckin this thumbnail
Edit: going over some old comments of mime, and I have no clue what I was trying to say here.
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