What is your view on the Occupy Wall Street Protests - Off-Topic | futures io social day trading
futures io futures trading


What is your view on the Occupy Wall Street Protests
Updated: Views / Replies:16,723 / 261
Created: by Bermudan Option Attachments:12

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 12  
 
Thread Tools Search this Thread
 

What is your view on the Occupy Wall Street Protests

  #111 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received


Big Mike View Post
Well not to over simplify, but for me protesting corporate greed is simply that corporate profits are at all time highs, while foreclosures and unemployment are also at record levels.

This means corporations are not supporting Americans, when they choose to send jobs overseas in order to make more profit.

In this country, it used to mean something to "Buy American" or "Made in the USA". These days it is next to impossible to buy anything "Made in the USA".

I don't think that it matters whether the jobs are overseas or here in America or whether products are made here or in America. The situation doesn't change in the slightest because the wealth will still be disproportionately spread. There are many protesters who have jobs but want more money. Bringing remedial jobs back into this country means more people will make minimum wage but the rich will still be rich and the poor will still be poor.


Quoting 
If these protesters showed up naked with sandwiches they made at home, aren't they still supporting Kraft? Unless they have their own farm, and then they are supporting the corporations who buy the crops. So its hard to really understand the usefulness of your image imo.

To me the protests are simply a way of saying "enough is enough", "start supporting Americans again and don't be so greedy". Sure there are tons of idiots protesting. There are tons of idiots, period. I wouldn't expect the ratio to dramatically shift. But the reason people are protesting in the first place is because they are unhappy with the way they are being treated.

I think this is another issue too. When people create corporations, they don't do it to support Americans or to create jobs... those are issues for the government. People create corporations primarily to make money. So when someone comes and says, "Hey this isn't right, you are making a lot of money" it seems pretty obvious that this was the whole point of the corporation from the onset. By asking a corporation to spread wealth or distribute money evenly, you are asking them to run inefficiently based on what they know they can make normally.


Quoting 
But naturally corporations are not entirely to blame. Only when Americans will purposely buy American, even at higher expense, will things change. Only when Americans care less about The Emmys and more about whether or not their retirement fund will exist, will things change.

I agree that the average American has an embarrassing amount of financial knowledge and have their priorities out of order, but again, this is asking the average consumer to spend more for the sake of the country. Either the products made will cost more because Corporations have to pay more money to workers than if they were outsourced, or the Government will have to put tariffs on competing goods so that everything is expensive or will have to pay the corporations with public money via a subsidy.

People make money to spend on their own individual wants and needs, not for the greater good of a country. *insert discussion about the Invisible hand of the economy here* That is why I think that the idea of paying more to buy America will fail whenever it is brought up.


Quoting 
Zondor said the approval rating for congress is 10%. Yet we continue to elect them. Why do you suppose that is?

Mike

To avoid anarchy lol. Seriously though, people are just as uneducated about politics as they are with finance. And when the general public gets caught in gossip, irrelevant tidbits and silly catch phrases instead of learning about the real issues, is there any wonder that we are in the situation that we are in?


Last edited by Bermudan Option; October 17th, 2011 at 05:58 PM.
Reply With Quote
 
  #112 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received


madLyfe View Post
i would have liked to seem them totally fail.. yes craziness for awhile, but from ashes comes green.. some private entity would have come along and bought up the banks to run them better.. all we have done by bailing them out is reinforced bad behavior and now they are even 'to bigger' to fail.. really, really stupid...

Lol @ craziness for a while. That sounds like a bit of an understatement personally. Insolvent banks brings economies to an immediate halt and the Great Depression was not craziness 'for a while'. Do you think that it is fiscally irresponsible to let the world burn to prove a lesson to a few overzealous bankers?

Reply With Quote
 
  #113 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received



Silver Dragon View Post
Lets say it correctly; the government bailed out the bank using Americans money based on the premise was they were too big to fail. Had the capitalist system been allowed to work as it should have the banks, which are now being protested, would have failed. New banks that could have built a better mousetrap, so to speak, would have replaced them. In which case there would have been no need for all the protesting because the bad banks would have been gone. All these protests were generated because the government intervention.

It is not as simple as 'bad banks gone, new banks take over'. It is bad banks gone -> everyone with money in those banks is now poor -> rush on remaining banks that were not involved -> mass chaos -> anarchy ->????



Quoting 
See forrestang answer. He nailed it.

Question for you: How can you go against Corporate greed when you directly benefit from it? Most traders in this room are here for one reason: to make money and become rich, plain and simple.

So is there something against wanting to make money? How about to become rich? Are you suggesting that everyone should earn the same amount of money? I am intrigued and would like to know how the capitalistic foundations that the country was built on is suddenly terrible.


Quoting 
They use products or trade contracts controlled by the big corporations to make their money from which the corporations take their cut. By having this forum open you are enabling the corporate entities to become richer by sucking the money from traders in the form of commissions, fees, and products they sell, all of which is well advertised here.

Corporations are not evil. They are the separation of legal responsibility from person and business. Corner shops can have corporate licenses. The pursuit of money to make a living is not a bad thing.


Quoting 
If your principle is not to support corporate greed then futures.io (formerly BMT) should be shut down on principle alone. At the very least the advertisements for software packages should be removed. My guess is you wont shut it down or remove anything, why? because of the need to make a living. Lets face it Mike, for you, these advertisements for software packages, brokerage firms and the greed of traders, just like the banks, serve their purpose.

SD

Lol. I pray to God you never become a regulator. You are basically saying that the American dream of working hard and becoming rich is just greedy. Being financially rewarded for providing a service is what Capitalism is all about.

Reply With Quote
 
  #114 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


Bermudan Option View Post
What about the great depression? Insolvent banks brings economies to an immediate halt. You don't think it is fiscally irresponsible to let the world burn to prove a lesson to a few overzealous bankers?

the great depression, or what i like to call the rubber band effect/market reset, led to arguably the biggest bull market ever? happened in the 80's aswell(where btw unemployment was higher).. no, i believe in the free market.. if you fail you fail... yuh, it could get really scary, but thats what risk is.. the govt shouldnt have their hand in on the free market.. to me the only thing the govt has ever done really well is our military, and lots of parts of that it is supported by the private sector.. (btw im not saying every decision we have made, war wise or intervention, but when the military does something wrong or right it generally gets the job done..)

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #115 (permalink)
Hyde Park,
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Tradingview.com
Broker/Data: Optionhouse
Favorite Futures: Options
 
Bermudan Option's Avatar
 
Posts: 467 since May 2011
Thanks: 395 given, 252 received


madLyfe View Post
the great depression, or what i like to call the rubber band effect/market reset, led to arguably the biggest bull market ever? happened in the 80's aswell(where btw unemployment was higher).. no, i believe in the free market.. if you fail you fail... yuh, it could get really scary, but thats what risk is.. the govt shouldnt have their hand in on the free market.. to me the only thing the govt has ever done really well is our military, and lots of parts of that it is supported by the private sector.. (btw im not saying every decision we have made, war wise or intervention, but when the military does something wrong or right it generally gets the job done..)

So you wouldn't mind suffering for 10 years if we have a bull market that lasts 20. What if you are 58 and that means you can't retire when you want to? What if you just had a baby and now it is impossible to save up for a college education thanks to the return on bonds because there is no growth expected for the next ten years? What if you are thinking of opening a business but can't get a loan because banks know that the next 10 years will be shit? There is so much cause and effect that you don't seem to be factoring into your response. It is not as simple as "if you fail, you fail". These are banks if they fail they are taking a hell of a lot of innocent people with them.

Sure, one can argue that this happened with the housing crisis, but I am relatively sure that the issue would have been magnified 10 fold if people woke up in 2007 and realized that they were completely broke and that there saving accounts were reset to 0. With the housing crisis, people got burned but how many of them were overleveraged? How many where trying to flip houses like they saw on tv? How many had all of their money invested in the house? There was a lot of errors made and people are paying the price. If banks were allowed to fail, people that made no errors at all will be fucked. That will lead to chaos.

I'm all for delayed gratification but I am glad that the people in power did not make the decision to roll the dice and let things get really scary. The government protected the population from unnecessary risk and shouldered the risk themselves. Of course there will always be critics who disagree and would rather they played Russian Roulette with our future but c'est la vie.


Last edited by Bermudan Option; October 17th, 2011 at 06:08 PM.
Reply With Quote
The following user says Thank You to Bermudan Option for this post:
 
  #116 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,217 given, 1,011 received


Bermudan Option View Post
So you wouldn't mind suffering for 10 years if we have a bull market that lasts 20. What if you are 58 and that means you can't retire when you want to? What if you just had a baby and now it is impossible to save up for a college education thanks to the return on bonds because there is no growth expected for the next ten years? What if you are thinking of opening a business but can't get a loan because banks know that the next 10 years will be shit?

I'm all for delayed gratification but I am glad that the people in power did not make the decision to roll the dice and let things get really scary. The government protected the population from unnecessary risk and shouldered the risk themselves. Of course there will always be critics who disagree and would rather they played Russian Roulette with our future but c'est la vie.

well how has it gotten better by saving them? its actually gotten worse..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
Reply With Quote
 
  #117 (permalink)
Trading Apprentice
New York
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Posts: 44 since May 2011
Thanks: 12 given, 28 received

Zuccotti Park

So I walked over to Zuccotti Park/Wall Street area this weekend. I went there on Saturday when almost everyone had marched to Times square. Even then Zuccotti park was overflowing with protesters.

Not quite the arab spring, but still the protesters have a lot of energy and frustrations. They are smart, well educated. getting well organised, there is a medical clinic, enough food to feed 2,000 people a day. donations are starting to flow in, I read today, NYC occupy wall street has over 300k in their bank account.

I hope the movement lasts and grows, the 99% of us need a voice!

Attached Thumbnails
What is your view on the Occupy Wall Street Protests-occupy-wall-street-013.jpg  
Reply With Quote
 
  #118 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: SC, NT
Favorite Futures: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received

They just need to organize it a bit.

I only have one question for them: What is taking them so long?

Reply With Quote
 
  #119 (permalink)
Trading Apprentice
New York
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Posts: 44 since May 2011
Thanks: 12 given, 28 received


cw30000 View Post
They just need to organize it a bit.

I only have one question for them: What is taking them so long?

well, part of their mandate is a leaderless movement, this makes things a little hard.

walking around zacotti park, I did see many small breakout sessions. people educating and strategizing with others. I believe raising 300k says a lot.

however they do need to stay on message, stay focus. I saw the usual war protestors, get out of iraq, afghanistan etc I just hope the global warming dudes don't show up -

Occupy Wall Street | NYC Protest for American Revolution

Occupy Wall Street is leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants.

Reply With Quote
 
  #120 (permalink)
Elite Member
UK London
 
Futures Experience: None
Platform: NT and XTrader
Favorite Futures: Piano
 
Posts: 1,355 since Sep 2009
Thanks: 1,356 given, 1,551 received


Dylan Ratigan (rightfully) loses it on air



Every moment I wake up I realize I know nothing, and then I smile...
Reply With Quote

Reply



futures io > > > What is your view on the Occupy Wall Street Protests

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Wall Street Warriors Big Mike Traders Hideout 14 January 3rd, 2013 01:39 AM
Wall Street Bonuses Big Mike Off-Topic 2 October 26th, 2011 11:43 PM
Quants: The Alchemists of Wall Street jhol3990 News and Current Events 6 October 13th, 2011 09:43 PM
Occupy Wall Street Spreads Message Thorugh Social Media Quick Summary News and Current Events 0 October 8th, 2011 04:50 PM
It's Earnings Growth, but Not as Wall Street Has Known It Quick Summary News and Current Events 0 April 24th, 2011 06:40 PM


All times are GMT -4. The time now is 09:35 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.18 seconds with 20 queries on phoenix via your IP 54.226.227.175