Showing posts with label Occupy Wall Street. Show all posts
Showing posts with label Occupy Wall Street. Show all posts

Sunday, October 23, 2011

Occupy Wall Street's First Potentially Effective Action Against the Banksters

http://abcnews.go.com/blogs/business/2011/10/bank-transfer-day-gains-momentum-on-facebook/

The OWS folks are pushing to get folks to pass their bucks into banks and credit unions that don't apply monthly fees to their accounts and debit cards (BoA being the most notorious present example).  It so happens that there's movement in this direction from hard right circles as well.  Just this morning before worship several folks were talking of moving their accounts out of BoA and Wells Fargo for similar reasons.
Now, of course I'm not against the right of any bank to make any contract with its customers that they agree to willingly.  However, I'm also strongly in favor of the right of their customers to tell them where they can go with their new fees and what they can do when they get there.

Also, the major banks, with the possible exception of BB&T, are our cultural enemies.  They provide vast amounts of money and prestige to the various foundations that are anathema to us.  So anything that hurts them is favored.  The time to boycott is when a target is already weakened and under assault from other sources as well.

Monday, October 3, 2011

Occupy Wall Street?

So a bunch of fairly extreme leftists are trying to 'occupy Wall Street'.  Normally I've little sympathy for said group, but in this case I can spare a bit.  Wall Street in coordination with Washington has spewed an unprecedented amount of moral hazard in the past 4 years--basically since the beginning of 2008 before the elections, so this isn't purely an Obama thing.  I dare say that the best investment available to large companies is Congressmen, and that is a dire problem.

The fundamental issue is that the unspoken rules of engagement for the nation have been horribly defiled in an unusually public fashion.  If a small business or an individual makes bad investments, they suffer.  Unfortunately, really large businesses, and in particular banks, get bailed out or have the rules bent in their favor.  This makes it really hard to justify enforcing the rules against the little people----on things like, for instance, strategic defaults.

So I understand fully why there's so much rage against Wall Street.  They basically own the Federal Government, which is screwing over the general population, especially white people in a manner that really can't be ignored.  Fortunately, these leftists unwittingly serve the cause of Reaction, as any damage they inflict on the prestige of the present system only helps us.  Once the crisis of confidence comes, truly Reactionary proposals can be advanced.  Lenin called such a state a prerevolutionary condition.