Alex Jones is wrong in his criticism of Occupy Wall Street. The Federal Reserve is a huge part of the problem, no one disputes this, but that doesn't make the protests in New York and all across the country, any less valid. Protests against Wall Street bailouts and the Fed are both positive steps on the path to enlightenment, and they can co-exist in harmony, as evidenced by Occupy Chicago and Boston.
Excellent clip. As usual, Cafferty understands what the majority in his profession do not.
Conservative Magazine Brags of Agent Provocateur Role in Provoking Police Action in D.C.
The Night Umbrellas Became Illegal in Seattle - #OWS
Occupy Wall Street fervor growing in South Florida
Occupy Wall Street spreads to the streets of Wilmington
Photos From Occupy Houston and The Federal Reserve
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Video - Bernie Sanders with Keith Olbermann - Oct. 5, 2011
I am by no means a Socialist, but Sanders makes a solid point, though his solution could use some work. The problem is that taxes and spending are both too high, except for taxes paid by U.S. corporations who utilize loopholes provided by a captured Congress.
Sen. Bernie Sanders takes issue with Mitt Romney's definition of class warfare, saying:
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Newmark is wrong on several counts in the above clip, the most egregious example being his assertion that Wall Street bears no responsibility for the massive increase in the national debt, in stark opposition to accepted fact as Simon Johnson discusses below.
From Simon Johnson Destroys The Myth Of Jamie Dimon's Bernanke Complaint:
The realized downside risks, as handed to the taxpayer, should be measured not merely as the cost of the Troubled Asset Relief Program (TARP) or Federal Reserve rescue plans, but in terms of the increase in the national debt the financial crisis caused. According to the Congressional Budget Office, the financial crisis will end up increasing government debt by at least 40 percent of gross domestic product. (I’ve covered the details of this calculation elsewhere; this point is not controversial among fiscal experts.)
So, to turn Dimon’s question around, we know that previously low capital requirements led to social losses (those borne by taxpayers) in the trillions of dollars, as well as millions of jobs and homes lost, while the private gains were in the low billions.
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Runs 2 minutes - Quotes transcribed inside. From earlier today at the National Press Club.
Check out the website:
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Read the Ratigan editorials at the following links:
Ratigan With Denninger - Editorial #1
Ratigan With Ron Paul - Editorial #2
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Herman Cain is the former Chairman of the Kansas City Federal Reserve and has said publicly that the Fed shouldn't be audited, though he has changed his tune recently.
“I don’t have facts to back this up, but I happen to believe that these demonstrations are planned and orchestrated to distract from the failed policies of the Obama administration. Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself! … It is not a person’s fault if they succeeded, it is a person’s fault if they failed.”
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Scathing, blistering, truth-telling op-ed from columnist David Weidner.
This is awesome.
CNBC Video - Larry Kudlow, Ann Coulter On Occupy Wall Street Protests - Oct. 6, 2011
Nonsense as ususal from Larry Kudlow and Ann Coulter, who choose to ignore the issues raised by the #OWS protests and instead focus on the mundane and trivial criticisms seen repeatedly from the corporate media these past 2 weeks.
Allow us to summarize the complaints emanating from Liberty and Zucotti Parks:
This isn't rocket science, people. End the bailouts, put the crooks in jail, and get the money out of politics. Problem solved, and the protests will end.
Otherwise, it's going to be a long 2012.
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Video - Dylan Ratigan Deals In Political Truth - Sep. 20, 2011
Clip has not been posted before. This is another must see. Start watching precisely at the 4:30 mark - Runs 2 minutes from there.
Fully transcribed inside.
Runs 4 minutes - Don't skip this. Hide the kids, this is for real.
Partially transcribed inside.
BBC Video - Robert Shapiro who advised Presidents Clinton and Obama, and who currently advises the IMF, predicts a cascading meltdown of the global banking system starting with sovereign debt in the Eurozone, affecting the U.K. and then finally bringing most major banks across the globe.
Oct 9, 2011 at 7:03 PM
