NexusFi: Find Your Edge


Home Menu

 





What is your view on the Occupy Wall Street Protests


Discussion in Off-Topic

Updated
      Top Posters
    1. looks_one Zondor with 43 posts (21 thanks)
    2. looks_two drago1 with 26 posts (16 thanks)
    3. looks_3 forrestang with 18 posts (10 thanks)
    4. looks_4 Tarkus11 with 16 posts (4 thanks)
      Best Posters
    1. looks_one Big Mike with 1.5 thanks per post
    2. looks_two drago1 with 0.6 thanks per post
    3. looks_3 forrestang with 0.6 thanks per post
    4. looks_4 Zondor with 0.5 thanks per post
    1. trending_up 36,893 views
    2. thumb_up 145 thanks given
    3. group 20 followers
    1. forum 261 posts
    2. attach_file 11 attachments




 
Search this Thread

What is your view on the Occupy Wall Street Protests

  #51 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


forrestang View Post
I gotta mention this part above. 'The System' doesn't make people who they are. If it were 'the system,' everyone would be prosperous, but that is not the case. Before society ever was what it is, there have ALWAYS been people who find more prosperity than others, and it will ALWAYS be that way.

The people who do better than others, pay into and contribute to 'the system' just like everyone else that benefited from it, they don't owe it anymore than anyone else does.

This is EGO talking. You being separate of everyone else. I believe that to be the main philosophical difference between those believing that they 'deserve' everything and others who believe they have 'earned' everything and the flavors in-between.

Read the book Outliers and tell me that you don't somewhat agree with the premise that due to our society enabling us in a certain way allows us to create or build upon the shoulders of giants.

I am guessing you are white, American and proud of it! That is great, but I pity you if you were born black, Haitian and who knows how proud you would be.

Your daddy's sperm was lucky enough to land an Egg. Your dad happened to be white and in the USA when that happened. That alone has set you up to be in the top 1% of the world just as a platform to springboard.

I put this challenge to all you 'anti-taxes', GO-REPUBLICAN BILLIONAIRE mindset.

Add up your balance sheet. And don't over-evaluate your old furniture, and clothes and your business if you have one. Be realistic. Now, this is strictly MY OPINION, but if that does not total an amount greater than $5M then you have failed. You are a welfare recipient of all the billionaires and truly wealthy people.

If you do not meet that guideline that you are a recipient of the benefit of these wealthy people and I am sad to say you are a welfare candidate. You have failed to be in the top % of American's and have absolutely no excuses or reasons why that is the case. Your choices have taken you to this place and I am sorry to say that you are POOR.

Now, take a Haitian person who moves to the United States (legal/illegal whatever) and earns 24K per year. That person is now RICH among the socialogical similarities and would not be considered a poor person. But they get welfare from the US and use our schools and other things like roads etc..

My point is that when people make the argument of "GO RICH PEOPLE GO!" you are right, those who choose to be rich will be rich but it is all in context.

For example, Why is Carlos now the Richest man in the world. Is it truly because he is the smartest, most capable, best character person in the world. Does he deserve those riches, "Yes, he worked for them". Did he?

Or did all the people who needed a job build that up? Did the bribing of government officials allow him to create the massive wealth he has created and continues to create?

Did Bill Gates create all his wealth? Did he still the GUI from Steve Jobs and co.? Did Steve Jobs still the GUI from Xerox? Did Xerox steal technology or stand on the giants of others?

Is it ok to USE and throw away people and value money higher than organic things?

To me, people who make the argument that Money is more important will finally realize something when they finally pass on. We are all the same, some with mental inabilities or limits, others with corrupt absolutinism etc..

Spend some time on the other side of the world, take away all your 'physical' objects and go to a place where white people are not 'kings' and see how they treat you. How they want to force you to feel, how they do not want you to succeed and why you don't think that is fare.

"Why would I do something like that!"... None of us are right, none of us are wrong, just a different perspective and only education will show both sides of a coin. Objective education that is.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
How to apply profiles
Traders Hideout
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - May 2024
Feedback and Announcements
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
45 thanks
Just another trading journal: PA, Wyckoff & Trends
31 thanks
Bigger Wins or Fewer Losses?
24 thanks
Tao te Trade: way of the WLD
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
  #52 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


liquidcci View Post
bluemele I hear you on that but most of these protest want more government. It is not just about not giving GS access to government. It is about taking money of rich and distributing to what they perceive as an inequality. They want the government to to punish the successful and give it to them. Has nothing to do with earning it or coming up with their own great idea. It is a welfare mentality which is amazing since most of them have smartphones, drive cars, macbook pros and ipads.

I disagree with you. Yes, there are people who are getting more and more socialist. No doubt, but there were these people since before the Constitution was written.

If you remember, that is where we all started! Villages/tribes.... We had a chief, a medicine man, and a bunch of girls with no tops on! wooohoooo

Anyways those were the days where getting an infection in the foot could mean death and our life expectency was 26 years old! haha

So we have evolved which is great. But, I do personally do not believe that unbridled capitalism is good for anything long term, only good for those with an embedded gene derived through your ancestry that says, "I need to succeed and having wealth is important to me!".

I have worked with so many poor groups/people in the past. They all have different views (much like billionaires). To stereotype all of them is pretty crazy in my opinion.

Should everything be left up to capitalists. I can tell you that if that was the case, we would all be living in Rockefeller/Carnegies subdivisions/schools/universities and the states would probably be renamed after all the children!

Go find a homeless person, and just start talking to them. Find out how they think, why they think the way they do. What you will find is the invisible barriers scarring their brain from being like you or me. Is it that we should just throw these people away in our society, maybe put them to sleep?

Or is it the lazy bags who take up all the welfare benefits. Yes, those will always be the evil culprits. Much like there are with the rich (insider trading, white collar crimes to be never caught, bribery etc..).

I do not believe all those people camping out to be extremists in distributing the wealth. They are nothing more than people who don't want the bankers to create an unsafe and immoral atmosphere.

Visit my NexusFi Trade Journal Reply With Quote
  #53 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
Posts: 1,329 since Jun 2010
Thanks Given: 354
Thanks Received: 1,047



bluemele View Post

I put this challenge to all you 'anti-taxes', GO-REPUBLICAN BILLIONAIRE mindset.

LOL, just for the record I am not white or anything close to it. Nor am I one of those minorities that can 'pass' for being white so that others might assume they are so. I did not grow up privileged or in a nice neighborhood. My schools sucked, and when I got to college I had to compete against a lot of other people who spent their entire lives in better schools than me. I am still not even remotely close to being wealthy btw.

But about your post, I am not following how it relates to what I said? I said that it is not 'the system' that is responsible for one's prosperity. It seems the proof for that is the fact that throughout civilizations, there have ALWAYS been wealthy people. Before there were ever schools, police or anything. Even as society becomes more civil, STILL, the majority of people are not wealthy.

I reckon its like anything, there are certain percentages of the way things just work out. I.e. there are about equal men to women in the world. A certain percentage of people will score better on tests than others. A certain percentage of people are faster than others. The percent of wealthy people is probably another one of those things.


My second point is that people who do achieve wealth don't owe 'the system' anything more than anyone else who may have benefited from it does. They owe their fair share to it.

It's like that quote from Elizabeth Warren (running for senate) who said:

Quoting 


There is nobody in this country who got rich on his own. Nobody. You built a factory out there — good for you!

But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that maurauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea — God bless. Keep a big hunk of it.

But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along


She seems to go so far as making us into two classes of citizens, and that for some reason wealthy people don't pay into the roads, schools or any other public resource. Which is a ridiculous assertion.

My point..... Let's say Bob goes to a public school, uses public roads, JUST LIKE EVERYBODY else. Let's say he then gets a job, and pays taxes just like everybody else. Then maybe one day he gets wealthy by starting a business. At that point, he is STILL paying personal taxes, his business pays taxes..... so my point is that he is paying to 'the system' just like everybody else. 'The system' didn't give him anything special or above and beyond what anyone else got.

Reply With Quote
  #54 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


forrestang View Post
LOL, just for the record I am not white or anything close to it. Nor am I one of those minorities that can 'pass' for being white so that others might assume they are so. I did not grow up privileged or in a nice neighborhood. My schools sucked, and when I got to college I had to compete against a lot of other people who spent their entire lives in better schools than me. I am still not even remotely close to being wealthy btw.

But about your post, I am not following how it relates to what I said? I said that it is not 'the system' that is responsible for one's prosperity. It seems the proof for that is the fact that throughout civilizations, there have ALWAYS been wealthy people. Before there were ever schools, police or anything. Even as society becomes more civil, STILL, the majority of people are not wealthy.

I reckon its like anything, there are certain percentages of the way things just work out. I.e. there are about equal men to women in the world. A certain percentage of people will score better on tests than others. A certain percentage of people are faster than others. The percent of wealthy people is probably another one of those things.


My second point is that people who do achieve wealth don't owe 'the system' anything more than anyone else who may have benefited from it does. They owe their fair share to it.

It's like that quote from Elizabeth Warren (running for senate) who said:



She seems to go so far as making us into two classes of citizens, and that for some reason wealthy people don't pay into the roads, schools or any other public resource. Which is a ridiculous assertion.

My point..... Let's say Bob goes to a public school, uses public roads, JUST LIKE EVERYBODY else. Let's say he then gets a job, and pays taxes just like everybody else. Then maybe one day he gets wealthy by starting a business. At that point, he is STILL paying personal taxes, his business pays taxes..... so my point is that he is paying to 'the system' just like everybody else. 'The system' didn't give him anything special or above and beyond what anyone else got.

I agree with you COMPLETELY. I think we are on the same side of the coin, but maybe on opposite ends of the same side.

To me what makes the most sense is 'paying it forward'. I have met billionaires (2 of them) and several 100M+ people. What I see is that they want to 'horde' their wealth and keep in the family. To me I do believe after one's lifetime, why not redistribute most of it?

Why does one family get to keep it? That is what bothers me as I have dealt with trust fund babies galore and it annoys me to know end. Talk about a bunch of entitled dipshits who have never worked for anything in their f-in lives except maybe 15 years at University so they can get all the extended degrees to add to their pedigree! Yuck!

I have had some good money before, not near my goal, but at the end of the day, it will go to those that don't have the same roads, schools and color that I was luckily born with.

There are 'evil' people who think distribution and equality is necessary and those people are crazy. But, I believe when you read the papers and watch the news, they KNOW that this is what gets people upset/tuned-in, so that is why they show those idiots! If they showed regular people just saying, "Hey, I don't like having to bail them out and I want them to complete many of the Dodd-Frank reforms as promised" then they would get little attention.

I am happy you are a person of color and have chosen to dig deep and not let that burden sit on you. Living in Hawaii has enlightened me to racism and I can tell you I never understood it until I was the minority. Now I respect it immensely and appreciate the differences in all of us whether it be race, religion, creed, whatever...

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #55 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
Posts: 1,329 since Jun 2010
Thanks Given: 354
Thanks Received: 1,047


bluemele View Post
I agree with you COMPLETELY. I think we are on the same side of the coin, but maybe on opposite ends of the same side.

To me what makes the most sense is 'paying it forward'.

We'll I think i may have identified where we differ. And that is I don't think someone else should be 'forced' at gunpoint to give up something they have earned. And that's exactly what it is when you do it by government mandate. Every person should have the same expectation to their private property. It is unfair to simply look at another person and say, "make them foot the bills so I don't have to."

As for leaving money to your heirs, imo no matter how much of a brat they may be, if that is where the dying person wants their money to go, that's where it should go.

I am all for paying it forward. It is a wonderful thing when done willingly. We call that 'goodwill' or 'charity.'

Imagine this scenario with Bob and Larry........

Larry is in need, Bob needs help. Bob genuinely wants to help this person. He does so. At that point there is an exchange of gratitude and well being. Bob feels good for having helped somebody. Larry feels humbled and grateful that someone did something nice for him. Both parties walk away feeling good about that transaction.

Imagine this scenario where a politician steps into Bob and Larry's situation......

Larry is in need. A politician tells Larry that if he votes for him, he will use the government to take Bob's property and give it to Larry. The transaction is complete.

Now instead of Larry and Bob walking away satisfied..... Bob is pissed because someone took his property from him in a different way than someone else. Larry is pissed because he now feels ENTITLETED to that money, and no matter the amount he will still likely feel like he should get more. Now though, Larry is now grateful to the politician. The politician is the only person who gets to walk away gaining something, as he got to distribute someone else's hard work and take credit for it.

That exchange of gratitude and goodwill is nowhere to be found.

Reply With Quote
  #56 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


forrestang View Post
That exchange of gratitude and goodwill is nowhere to be found.

Well, that is the main difference. You and I are brothers. You may not be white, I may be of German descent, but I am sure our lines have crossed somewhere. WE are all brothers and sisters.

My family is about the most gawd-awful bunch of drug addicts and trailer park trash you will ever meet. Gangsta's and I am the only one in my family that hasn't been to prison!

So... Maybe this helps me understand even more clearly that no matter how f-ed up we all are, at the end of the day, we are all family. So 'taking' is just distributing it to brothers/sisters and future family members.

If you think in distinction, then yes, I agree with you.

Visit my NexusFi Trade Journal Reply With Quote
  #57 (permalink)
 
Silver Dragon's Avatar
 Silver Dragon 
Cincinnati Ohio
Legendary Master Data Manipulator
 
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238


liquidcci View Post
Let me say it again.



Wheres the Evil Corporations?
How many evil corporations can you find in the following pictures?:

October 11, 2011 - Edwin Durgy - Forbes

. The first pic is easy...

SD

nosce te ipsum

You make your own opportunities in life.
Visit my NexusFi Trade Journal Reply With Quote
  #58 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 866 since Jun 2011
Thanks Given: 610
Thanks Received: 1,091


bluemele View Post
Go find a homeless person, and just start talking to them. Find out how they think, why they think the way they do. What you will find is the invisible barriers scarring their brain from being like you or me. Is it that we should just throw these people away in our society, maybe put them to sleep?

Or is it the lazy bags who take up all the welfare benefits. Yes, those will always be the evil culprits. Much like there are with the rich (insider trading, white collar crimes to be never caught, bribery etc..).

I speak to homeless people every week. I have a non profit where we feed around 120 homeless guys each week and we partner with another group to get them off the street get job training etc.

As a society we should help others but the government mandating it is wrong imo. Plus the government is very inefficient at what they do and do not distribute to the real needs very well. The system is so gamed it is ridiculous. It is quite easy for these guys who are able bodied and able minded to get declared mentally disabled and get a monthly government check. It does not help these people become productive in life and leads to a perpetual welfare mentality. There are those on the streets who are truly crazy and need some serious help still others whose circumstances placed them there but they don't want to be on the streets. But it is surprising how many on the streets choose to be there. That being said I try not judge and just do what I can to help. I don't say this to toot my own horn I say to let you know where I am coming from.

I am sure some of the liberals on this board will fall out of their seats when they read this. Just hard to fathom a conservative tea party leaning futures trader could actually have a heart.

But that is not what these protest are really about. These protesters are not trying to be advocates for the homeless. They are advocating for themselves. They feel like it is just not right for someone to and have more than them. They by and large want the government to take from those who have and give it to them.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
  #59 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


liquidcci View Post
I speak to homeless people every week. I have a non profit where we feed around 120 homeless guys each week and we partner with another group to get them off the street get job training etc.

As a society we should help others but the government mandating it is wrong imo. Plus the government is very inefficient at what they do and do not distribute to the real needs very well. The system is so gamed it is ridiculous. It is quite easy for these guys who are able bodied and able minded to get declared mentally disabled and get a monthly government check. It does not help these people become productive in life and leads to a perpetual welfare mentality. There are those on the streets who are truly crazy and need some serious help still others whose circumstances placed them there but they don't want to be on the streets. But it is surprising how many on the streets choose to be there. That being said I try not judge and just do what I can to help. I don't say this to toot my own horn I say to let you know where I am coming from.

I am sure some of the liberals on this board will fall out of their seats when they read this. Just hard to fathom a conservative tea party leaning futures trader could actually have a heart.

But that is not what these protest are really about. These protesters are not trying to be advocates for the homeless. They are advocating for themselves. They feel like it is just not right for someone to and have more than them. They by and large want the government to take from those who have and give it to them.

That is great!!!! I agree the system is abused, but I would say it is even on both sides... Less government is good, no doubt, but how do you create less government and still control the other side of the fence from abuse?

I know I have so many 'friends' who if there were no laws would basically do anything except maybe rape, murder etc.. To me, that requires government. We will not fix the solution on this thread. Good to know where you are coming from, but disagree that people just want a handout. Poor people worker harder in my mind than do the uber-rich.

Visit my NexusFi Trade Journal Reply With Quote
  #60 (permalink)
 
Zondor's Avatar
 Zondor 
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
Posts: 1,333 since Jul 2009
Thanks Given: 1,246
Thanks Received: 2,731



Quoting 
But that is not what these protest are really about. These protesters are not trying to be advocates for the homeless. They are advocating for themselves. They feel like it is just not right for someone to and have more than them. They by and large want the government to take from those who have and give it to them.

And how exactly do YOU know what these protests are about? From what the protestors are wearing and how old they are? Because they look scruffy compared to the people you play golf with? Because you can tell by looking at them on TV that they are self serving parasites, unlike the Banksters and JOB CREATORS who are Doing God's Work®?

You know what? Joseph Stiglitz, a Nobel Prize winning economist, has endorsed the protests. I am sure you are a lot smarter than he is, so I will just accept your judgments without question.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on January 1, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts