Protest footage in NY, SHOCKING!

[Kasz216]

richardhutnik said:

Kasz216 said:

richardhutnik said:

Kasz216 said:

Well, now Anon is planning to take down Wallstreet.

If they follow through and succeed you can say goodbye to anyone supporting the movement as everyday working peoples retirement funds suddenly take a huge hit do to the chaos and uncertainty the ability of wallstreet to be hacked would bring.

Entangling retirement funds with the banking system that took down the economy through overleveraging on a bubble, is a PRIME target to then have them lobby governments for yet another round of bailouts when things go south.  The whole 401K funds funneling into Wall Street also has produced an overvaluing of stock prices to.  The entire system causes trendy funneling of funds into certain assets, overvaluing them, and everyone believing the price is going for sound reasons, based upon the gibberish those who look at technical analysis (rather than fundamentals) would spew.  I would also be very concerned if Anonymous can hack financial institutions, because it means they cut corners on their security.

The idea of Empire State Rebellion wasn't to hack, but to end up getting people to put their money into smaller banks and get out of the financial system and the major banks.  I would say, if there was any hacking, it should be to exposre corporate corruption.

And here is an article on it:

http://www.examiner.com/anonymous-in-national/anonymous-announces-operation-invade-wall-street

 

DDOS attacks planned?  October 10th is the date.

You act as if it's some intentional conspiracy... when the truth is, a lot of parts retirement funds end up in wallstreet because it's the easiest and best way to build up retirement funds.

MORE people should have money in the stock market.  Not less.

 

It doesn't matter if something is an accidental conspiracy or not.  If the end result as if it was an intentional conspiracy that failed, what does it matter if it was or wasn't?  It ends up being, as it is now, something where those who mess up the economy once more get bailed out by government money.  I will also say intentionally being blind to potential outcomes, in the name of following an ideological belief to an extreme on "principle" can have the same effect as a conspiracy to do harm, when things end up going wrong.

And no, more people should NOT have their money in the stock market.  There is paper asset inflation.  The money should be going elsewhere into actually funding new start ups and doing real economic development, preferably in areas that people know.  The average person is an idiot when it comes to the stock market, so they shouldn't be there.  And no, mutual funds aren't the answer either.  Only time money flowing into the stock market makes a real difference would be to fund a start up that decides to go public and needs more funding.  Money flowing into established stocks does NOTHING to actually produce needed goods and services.  It ends up being nothing more than gambling.  I said this based on a simple economic principle: What happens when you have a set number of things that can be bought, and it doesn't increase, and more and more money flows in? The price of those items increases.  And with the stock market, you have then certain stocks have too much money flowing their way, causing a bubble effect with their pricing.

It's only a bubble if having money in the stock market doesn't become a "standard", which it should. 

Prices going up in the stockmarket ain't  a bad thing.

Aside from which you know what the other effect would be?   More venture capitalists.  More richer people giving money to startups to get stock on the "Ground floor."

The average person shouldn't put their money in a startup because startups are EXTREMELY risky.  Take for example this list of buisnesses founded in 1992 that ends in 2002, well before we had the economic downturn!

Imagine what that graph looks like for buisnesses now, it has to be even worse.

Now THAT is gambling.