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| Occupy Oakland Activists |
Protesters climb on big rigs stuck on the road after Occupy Oakland activists closed the Port of Oakland as part of a general strike in the California city on Nov. 2,
There was a time when America was the biggest lender in the world besides European Union( #EuroZone). Today, America financial condition is such that it has become biggest beggar in the world with US$15.4 trillion debt in his account but not ready to reduce the salary of CEOs of corporators and stop bonus system. There is loot by 1% CEOs of corporators on one hand, and on another hand; people do not have jobs-enough money to feed themselves & pay the instalment of cars, homes, and gadgets resulting reduction in effective demands of the country which is compelling America to double digit recession. There are 47.8 Million unemployed in USA as per latest survey.
The USA public debt has increased by over $500 billion each year since fiscal year (FY) 2003, with increases of $1 trillion in FY2008, $1.9 trillion in FY2009, and $1.7 trillion in FY2010.[3] As of October 22, 2011, the gross debt was $14.94 trillion, of which $10.20 trillion was held by the public and $4.74 trillion was intragovernmental holdings.[4] The annual gross domestic product (GDP) to the end of June 2011 was $15.003 trillion (July 29, 2011 estimate),[5] with total public debt outstanding at a ratio of 99.6% of GDP, and debt held by the public at 68% of GDP.
This means that American are creating less and eating more after taking loans or debts, but how long, banks are crashing, their saved money have been looted after liquidating the banks, where the money have gone, the simple answer is in the pockets of those who don,t need money and are called Billionaires or capitalists. They want to pursue capitalism because it fulfil their unlimited greed and desire for money???
The USA public debt has increased by over $500 billion each year since fiscal year (FY) 2003, with increases of $1 trillion in FY2008, $1.9 trillion in FY2009, and $1.7 trillion in FY2010.[3] As of October 22, 2011, the gross debt was $14.94 trillion, of which $10.20 trillion was held by the public and $4.74 trillion was intragovernmental holdings.[4] The annual gross domestic product (GDP) to the end of June 2011 was $15.003 trillion (July 29, 2011 estimate),[5] with total public debt outstanding at a ratio of 99.6% of GDP, and debt held by the public at 68% of GDP.
This means that American are creating less and eating more after taking loans or debts, but how long, banks are crashing, their saved money have been looted after liquidating the banks, where the money have gone, the simple answer is in the pockets of those who don,t need money and are called Billionaires or capitalists. They want to pursue capitalism because it fulfil their unlimited greed and desire for money???
Every US citizen still in womb have $10000.00 debt on his or her head for which he never raised before birth. He does not know in which house where he or she will take birth-tomorrow his parents have to vacate since they are unable to pay instalment of that house and had already put board( " HOUSE FOE SALE) but there is no buyers even for that because capitalists in connivance with bankers -475 USA bank have liquidated- left no money in their hands to pay loan which they ever raised with the dream that they would have ever their own houses. What a pathetic picture of the common Americans whoose whole money, deposits, and wealth have been looted jointly by capitalists & bankers.
A nation of biggest nobel prize winners in economics, today they are not finding ways to get rid of this situation and people have to resort the agitation against the government policies and capitalists' corporators who cares less welfare of the citizens and care more for their profits. Oh! Shat! 'This was to happen at last in USA & Eurozone due to their wrong policies in favour of 1% corporators. There was time when students from whole world went to USA for getting MBA degree, today is the time that President Obama Barack has to exhort Americans to learn from India & China of business management.
The president of France Nicolas Sarkozy rightly said in Eurozone meeting that we left with no alternate except to approach the China with big bowl for borrowing money because where the conditon of Eurozone countries and USA is going from bad to worst and failing of Greece, the China has surplus foreign reserve of
US$3197.50 billion
or US$3.2 trillion and rest of countries who have surplus reserve from whom USA & eurozone at least need 60 billion pound for immediate to streamline their economy.
The First biggest apathy of the 99% American is that government injected 500billion dollar to save bank failureness, and on the contrary- the bank instead of pumping $500Billion-being capitalists they do not lend money to needy so that Americans could start purchasing instead they invest that package money in the commodity market to earn profit so that they could distribute bonus to its directors and pay high salary to their CEO
The second biggest apathy of 99% American is that there salary ware not increased for the last 14 years while salary of CEO of corporators were increased 350 times in 5 years. Thirdly, there are salary gap of 350 times between mass Americans & CEO of corporators which shows biggest disparity in income...........?!?!?!
Please look at the video prepared by Americans on the pathetic & Cruel condition of the USA in their eyes they may be work of communist but I am not concerned for that :
To quote from #Occupywallstreet "For US one can say the rage against the Wall Street might serve the purpose of a political guillotine which will force the entire socio-political spectrum to adopt the idea of checked socialism, rather than unchecked and misplaced dividends of state backed corporate capitalism."
OAKLAND (California): Several thousand Occupy Wall Street demonstrators forced a halt to operations at the United States' fifth busiest port on Wednesday evening, escalating a movement whose tactics had largely been limited to rallies and tent camps since it began in September.
Police estimated that a crowd of about 3,000 had gathered at the Port of Oakland by early evening. Some had marched from the California city's down town, while others had been bused to the port.
Organizers of the march said they want to stop the "flow of capital." The port sends goods primarily to Asia, including wine as well as rice, fruits and nuts, and handles imported electronics, apparel and manufacturing equipment, mostly from Asia, as well as cars and parts from Toyota, Honda, Nissan and Hyundai. The members "are supporting the concerns raised by Occupy Oakland and the Occupy movement to speak up for the 99 percent and against the corporate greed that is wrecking America," Merrilees said।
Arindam Chaudhuri on adopting Survival of the Weakest mantra to avoid the end of Capitalism :-
The First biggest apathy of the 99% American is that government injected 500billion dollar to save bank failureness, and on the contrary- the bank instead of pumping $500Billion-being capitalists they do not lend money to needy so that Americans could start purchasing instead they invest that package money in the commodity market to earn profit so that they could distribute bonus to its directors and pay high salary to their CEO
The second biggest apathy of 99% American is that there salary ware not increased for the last 14 years while salary of CEO of corporators were increased 350 times in 5 years. Thirdly, there are salary gap of 350 times between mass Americans & CEO of corporators which shows biggest disparity in income...........?!?!?!
Please look at the video prepared by Americans on the pathetic & Cruel condition of the USA in their eyes they may be work of communist but I am not concerned for that :
To quote from #Occupywallstreet "For US one can say the rage against the Wall Street might serve the purpose of a political guillotine which will force the entire socio-political spectrum to adopt the idea of checked socialism, rather than unchecked and misplaced dividends of state backed corporate capitalism."
OAKLAND (California): Several thousand Occupy Wall Street demonstrators forced a halt to operations at the United States' fifth busiest port on Wednesday evening, escalating a movement whose tactics had largely been limited to rallies and tent camps since it began in September.
Police estimated that a crowd of about 3,000 had gathered at the Port of Oakland by early evening. Some had marched from the California city's down town, while others had been bused to the port.
Organizers of the march said they want to stop the "flow of capital." The port sends goods primarily to Asia, including wine as well as rice, fruits and nuts, and handles imported electronics, apparel and manufacturing equipment, mostly from Asia, as well as cars and parts from Toyota, Honda, Nissan and Hyundai. The members "are supporting the concerns raised by Occupy Oakland and the Occupy movement to speak up for the 99 percent and against the corporate greed that is wrecking America," Merrilees said।
Arindam Chaudhuri on adopting Survival of the Weakest mantra to avoid the end of Capitalism :-
A Note from : Soumendra Mitra
A note of silent dichotomy exists between ‘peace’ and ‘powerlessness’. Peace (read as manufactured and submissive), which on many occasions is misunderstood as the rationale blueprint for the national character, can often derail the lofty ideals. The ‘Occupy Wall Street movement’ in many ways is the venting out of the jeering silence of the Supreme Court’s political ridicule to award the presidency to George W Bush in 2000. The absence of unruly after-effects through the silent acceptance of the Supreme Court’s decision was christened by the psephologist's as the reality of democratic idealism. Instead of questioning the decision and the election fraud, the stoic acceptance was offered as evidence of the strength and resilience of the American democracy.
Eight years down the line, the sense of powerlessness was heightened by disastrous politics of Bush administration. The economic downturn and routing of investors’ faith, courtesy the sub-prime crisis, shook up the resilience of the American democracy. It was Barack Obama`s charismatic presidential campaign in 2008 which addressed this feeling of powerlessness, offering words of inspiration and hope to millions. Post the fan-fare, as the dust settled down, the cosmetic peace fell apart while maintaining a balancing act between budgetary cuts and fiscal adventurism. The economic downturn coupled with eluding political consensus and drop in the employment opportunities again revoked the sense of powerlessness among the voters.
The sense of manufactured peace and the angst against it is no longer the note of the Left for disenchantment against the Government. Subsequently, comparison between the Tea Party movement and the ongoing voicing out against the Wall Street is indeed evident. Despite its corporate associations and uncanny proximity to wealthy politicians, the Tea Party succeeded in giving a stern message to the unfluttered government and corporations. .
In this context, the Occupy Wall Street movement seems particularly notable. Appearing to be a popular venting out of expression against the corporate monopoly and larger than the life presence of the financial and banking sector, it has succeeded in capturing the world’s imagination.
What has been the most striking feature of this popular movement is its timing. The Obama administration, which already is caught between the devil and the deep sea, received a big set-back with the American Jobs Act going for a toss. The Democrats’ inability to bring to book the culprits of the sub-prime crisis and lending of a larger rope to the financial institutions to climb high on the Wall Street without caring much about the regulation and accountability have drawn the wrath of American citizens.
Unlike the uneasy peace which descended during the election fraud, followed by the Court’s skeptical decision, the Occupy Wall Street movement which already has branched out, is destined to put a mark on the US economy.
The outcome of quick legislative change as a reaction to it can easily be ruled out. And with the increased participation by the white-collar section, organized labour and a few Democrats, the hope for the movement becoming a real political hot potato cannot be ruled out. To put it in a layman’s perspective, the skepticism about the movement getting disappeared is quite unlikely. Of the two extreme alternatives, the Occupy Wall Street might strike a middle course to create pressure for a political environment where free rides to financial elites will end up on more upfront questions and not silent acceptance. The movement might influence the reality of social justice coupled with economic epiphany, the wait of which for the US had been like ‘Waiting for Godot’ when the country goes to ballot next year.
However, back home in India where corporate crime and politics work hand in gloves, and which has offered harbingers of it to the world in the form of Rajas, Ramalinga Rajus, Sharad Kumars and many more, it will be interesting to see how much of buzz is generated when the anti-Wall like movement hits the Dalal Street on November 4.
Eight years down the line, the sense of powerlessness was heightened by disastrous politics of Bush administration. The economic downturn and routing of investors’ faith, courtesy the sub-prime crisis, shook up the resilience of the American democracy. It was Barack Obama`s charismatic presidential campaign in 2008 which addressed this feeling of powerlessness, offering words of inspiration and hope to millions. Post the fan-fare, as the dust settled down, the cosmetic peace fell apart while maintaining a balancing act between budgetary cuts and fiscal adventurism. The economic downturn coupled with eluding political consensus and drop in the employment opportunities again revoked the sense of powerlessness among the voters.
The sense of manufactured peace and the angst against it is no longer the note of the Left for disenchantment against the Government. Subsequently, comparison between the Tea Party movement and the ongoing voicing out against the Wall Street is indeed evident. Despite its corporate associations and uncanny proximity to wealthy politicians, the Tea Party succeeded in giving a stern message to the unfluttered government and corporations. .
In this context, the Occupy Wall Street movement seems particularly notable. Appearing to be a popular venting out of expression against the corporate monopoly and larger than the life presence of the financial and banking sector, it has succeeded in capturing the world’s imagination.
What has been the most striking feature of this popular movement is its timing. The Obama administration, which already is caught between the devil and the deep sea, received a big set-back with the American Jobs Act going for a toss. The Democrats’ inability to bring to book the culprits of the sub-prime crisis and lending of a larger rope to the financial institutions to climb high on the Wall Street without caring much about the regulation and accountability have drawn the wrath of American citizens.
Unlike the uneasy peace which descended during the election fraud, followed by the Court’s skeptical decision, the Occupy Wall Street movement which already has branched out, is destined to put a mark on the US economy.
The outcome of quick legislative change as a reaction to it can easily be ruled out. And with the increased participation by the white-collar section, organized labour and a few Democrats, the hope for the movement becoming a real political hot potato cannot be ruled out. To put it in a layman’s perspective, the skepticism about the movement getting disappeared is quite unlikely. Of the two extreme alternatives, the Occupy Wall Street might strike a middle course to create pressure for a political environment where free rides to financial elites will end up on more upfront questions and not silent acceptance. The movement might influence the reality of social justice coupled with economic epiphany, the wait of which for the US had been like ‘Waiting for Godot’ when the country goes to ballot next year.
However, back home in India where corporate crime and politics work hand in gloves, and which has offered harbingers of it to the world in the form of Rajas, Ramalinga Rajus, Sharad Kumars and many more, it will be interesting to see how much of buzz is generated when the anti-Wall like movement hits the Dalal Street on November 4.
For US one can say the outrage against the Wall Street might serve the purpose of a political guillotine which will force the entire socio-political spectrum to adopt the idea of checked socialism, rather than unchecked and misplaced dividends of state backed corporate capitalism.
Well, that's quite an overwhelming amount of information! What is your goal? I prefer to be positive, do what I can, and encourage others to do the same. I started a site and shop dedicated to promoting cool American-made products. It's my small contribution. Please come vist!
ReplyDeleteSarah from http://www.usalovelist.com