US 13.4 TRILLION DEBT

AnnaEsse wrote:

Panda wrote:A protest movement calling itself "occupy Wall St" held a March yesterday in protest at the lack of jobs for young people and the bail-out of the Banks.

Several hundred marched from Wall Street but when they crossed the Brooklyn Bridge the Police intervened and arrested several protesters although there was no violence by them and THEY didn"t smash Windows, pour paint over Shop Fronts and Police, set fire to Police cars etc.

Another sign of the severity of the financial problems around the World and the lack of vision and leadership by Politicians.

I read on Sky News that the protesters were told by police to keep to the walkways on the Brooklyn Bridge, but that a few hundred walked into the traffic. The police then cut them off with nets and started handcuffing.

I think there will be more protest marches and the police will get heavier and heavier.

Morning AnnaEsse,

I watched the incident on Sky News and I didn"t see any nets, but there were literally hundreds of protesters . as I said, what struck me was the difference between the U.S. Protesters and U.K. Protestors who wore masks and did dreadful damage to Shops , threw paiint at Police, their cars,
overturned rubbish bins. these were vandals, not protesters. Just a flash news on sky, you are right, the protesters swarmed over the bridge and it had
to be closed down for hours .

just watched the News again and 700 people have been arrested. apparently the protesters had camped out for 2 weeks in Wall street, realised they were
not getting the publicity they needed and tried to cross the Bridge. One thing I noticed among the Marchers were the number of middle aged protesters
and their chant "the world is watching" while the Police were handcuffing protesters will give them Kudos, as will the attempt by a well dressed Congressman trying to get in on the act by agreeing with them told to go away.!!!! good on you I say.

Panda wrote:just watched the News again and 700 people have been arrested. apparently the protesters had camped out for 2 weeks in Wall street, realised they were
not getting the publicity they needed and tried to cross the Bridge. One thing I noticed among the Marchers were the number of middle aged protesters
and their chant "the world is watching" while the Police were handcuffing protesters will give them Kudos, as will the attempt by a well dressed Congressman trying to get in on the act by agreeing with them told to go away.!!!! good on you I say.

I'm wondering where they're going to put the 700 who have been arrested. FEMA camps? If the protests continue and hundreds more are arrested, it wouldn't surprise me if the FEMA camps come into play.

AnnaEsse wrote:

Panda wrote:just watched the News again and 700 people have been arrested. apparently the protesters had camped out for 2 weeks in Wall street, realised they were
not getting the publicity they needed and tried to cross the Bridge. One thing I noticed among the Marchers were the number of middle aged protesters
and their chant "the world is watching" while the Police were handcuffing protesters will give them Kudos, as will the attempt by a well dressed Congressman trying to get in on the act by agreeing with them told to go away.!!!! good on you I say.

I'm wondering where they're going to put the 700 who have been arrested. FEMA camps? If the protests continue and hundreds more are arrested, it wouldn't surprise me if the FEMA camps come into play.

I would have thought they will just be fined, the offence is not that serious to warrant Prison or Camp. It depends on the groundswell this incident
creates. They will probably proptest outside the U.S. Parliament Building next.

Meanwhile, our mealymouthed Teachere are protesting again about their Pensions........can you believe them, two days after 1020 RN Sailers are to be
made redundant.

A CEO, President of a major Insurance company has said his firm has stopped lending to Banks . He said the European Banks have more exposure to the
Greek debt, and doesn"t know yet what the U.S. Exposure is.The U.S. spends 40% of every dollar which is ridiculous and feels it will take a long time for
matters to improve.

The decision to downgrade the U.S. from their AAA rating was correct 67% agreed in a Global Poll.

Banks are taking a beating today in the U.S. as are Stocks .......for the third day in succession. Investment Companies are selling stocks to safeguard
their Investors and holding cash.

Bernanke announced today that there were no plans at the moment to go for quantitive easing. He urged to Politicians to work together. Stocks rose
a bit on on the U.S. Market .


Anyone looking to invest in Shares, Warren Buffet has just paid $1.6 billion for shares in Tesco.!!!! He reckons they are are a good buy and extremely well
organised

Panda wrote:Bernanke announced today that there were no plans at the moment to go for quantitive easing. He urged to Politicians to work together. Stocks rose
a bit on on the U.S. Market .


Anyone looking to invest in Shares, Warren Buffet has just paid $1.6 billion for shares in Tesco.!!!! He reckons they are are a good buy and extremely well
organised

I READ TODAY THAT TESCO'S FOOD SALES? HAVE FALLEN BY 1%

While I have to agree it is a fairly safe bet to invest in Food (Tesco) even they are experiencing losses in profit.

Still everyone has to eat and Tesco does have an awful lot of the Market. They have closed down many a corner shop as we know. They can afford to take a dip in share price without any harm being done.

Anonymous Hackers vow to hack the New York Stock Exchange in support of the Protesters.

Anti-Wall Street Protests Spread Nationwide

• 
  
• 
  
• 0 Comments
  

5:13am UK, Thursday October 06, 2011

Dominic Waghorn, US correspondent

Hundreds of people have joined protests in Wall Street - with demonstrations
gathering momentum and support as they spread nationwide.




Occupy Wall Street protesters dressed as zombies



Organised labour joined the Occupy Wall Street
protests adding numbers and focus to what is still a very disparate protest
movement three weeks since its inception.

It remains uncertain whether this is a watershed moment in American politics,
but the protests seem to be striking a chord with more and more people from all
walks of life.

There have now been protests in solidarity with the New York demonstrations,
in Boston, Los Angeles and several cities in between.

Thursday is expected to see the same in the nation's capital Washington
DC.

The logic and maths of claiming that 1% dominate you can
believe or disbeleive, but as a slogan 'We are the 99%' has a lot going for
it.

Read the blog by Sky's foreign editor Tim
Marshall



Some are already drawing comparisons with the anti Vietnam marches in the
1970s.

The protests seem to be tapping into a well spring of discontent about
America's economy and its politics.

Demonstrators are proud that they have no unifying mission.

The nearest they get to a common slogan is 'we are the 99%' - a reference to
the fact that one percent of Americans make a quarter of the country's
income.

They are demanding more jobs and more economic uncertainty at a time when the
US economy is in trouble.

They are a reaction to the perception that America's political system is
broken.



An activist does the washing up at Occupy Wall Street's
camp



Washington's various branches of government require a level of consensus and
cooperation to work and currently both are in short supply.

The Obama administration is at war with Republicans in Congress, meaning
gridlock on vital issues affecting tens of millions.

And there is huge disappointment that the US government has failed to tackle
the causes of the banking crisis that helped caused its economic woes.

Many claim the Obama administration has been hobbled by lobbyists in hock to
corporate interests - preventing effective reform of the banking system.

The causes and grievances are disparate and numerous. So far America's
politicians have not indicated how they will respond should the protests
continue mushrooming.

Hackers have threatened that today they will hack into the New York Stock Exchange. That"s a big ask but if they do there will be chaos around the
World.

One American Reporter has been visiting Wall street and says many protesters are into their 3rd week of camping in Wall Street, donations have been made to buy them food and blankets but the Reporter said while this protest has gathered momentum in Boston and Chicago and he agrees with their
protest, there is no Leader and when he talked to some of the protesters they did not know much about the Stock Exchange, Banking system or
investments.

The decision on Greece has been delayed for 3 weeks to enable the Bill to be passed by all 17 Countries, The Netherlands and Slovakia are opposed .

Also, with Italy and Spain, Belgium and possibly Portugal requesting bail outs Merkel might have to increase the EFSF fund from the E440 Billion although
she said she wouldn"t.

Stocks rose today on the News that at last action is being taken.........we hope.

I wouldn"t be surprised if LaGarde"s recent visit to France , her Home Country after all , and arranged for the IMF to help with the bailouts by lending
money to the EFSF by the back door. It is not allowed to issue Bonds, but can lend to EFSF who issue the Bonds.

the Occuipy Wall Street" Protesters marched into the richest Part of Manhattan today, including past Rupert Murdoch"s House. They did
knock on some doors and a couple of Homeowners agreed they supported their protest. More importantly, they are gaining support from
University Professors of Economics and these protesters might be seen as the turning point.

A Televised Debate yesterday by prospective Candidates for the Presidency did not throw up any inspirational ideas for halting the risk of
recession, but analysts are saying Obama has done more to create jobs than he is given credit for.

The U.S.A. has E700 Billion tied up in European Investments and currency.

IMF adviser says we face world-wide banking meltdown.