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Oct 08 2011

Predicting the Flip

Predicting the Flip

Supporters and detractors of the “Occupy Wall Street” protests could have been predicted since 2004…at least.

Fox News, Bloomberg, and CNBC hate them. MSNBC and Current TV love the protests.  The rest actually seem to report on it. It’s sad that the most influential news sources in America can have their takes predicted on almost any story with near prescient accuracy (for you are the Kwisatz Haderach). As much as I dislike the tea party, I have to point out that the same tar and feathering that the left tossed at the tea baggers is now being served right back by conservatives against the Occupy Wall Streeters.

The truth is that everyone sees the problems; both movements just have vastly different views on how to fix them. Both groups claim that they emerged organically, both disputes that claim in the other. The cycle of smugness goes on. For one, I don’t understand how anyone can not believe in evolution, because right now we are nothing but a bunch of moneys hurling shit at each other. The majority of us are too focused on screaming louder than the other side than to actually listen to another person, who is just as screwed as you but only wearing a different political color.

There is a huge problem in American, it’s time we address the issue of inequity and the corporate after effects of globalization, rather than just make fun of how the protesters look (be it silly hats or awesome masks). Both sides have wing nuts, both sides have a handful of valid points, yet if we continue to hate on each other and not the entities like Magnetar that did this to us, then the 1% will continue to make us all dance on marionette strings. They got rich because they were well connected, well bred, and smart. We need to be smarter if we have any hopes of returning America to a more equitable society.

So to my fellow 99%ers, take a lesson from the Tea Party. Get organized, get on message, and work to define the message before the messengers define you.

Bet Against the American Dream”

You write a check for 10 million dollars.

Hand the check to a Wall Street bank, and ask them to make us a CDO.

Step two: they create the CDO, using risky stuff, very risky stuff, extremely risky stuff.

Step three: other investors commit hundreds of millions of dollars to the CDO.

Step four: we bet against the CDO, using a credit default swap.

Step five: the housing market crashes. The CDO’s value goes to zero, our bet pays off and we make hundreds of millions of dollars and before you can say step six, we’re rich!

We’re going to bet against the American Dream, we’re going to be on the winning team, purchase risky debt on a massive scale.

Then place a bet that the debt will fail. Hundreds of millions for Magnetar, the economy collapsing like a dying star.

No one will know till it’s on NPRRRRRRRRRR!, and who cares? It’s time to hit the town, this sucker could go down. The housing market’s losing steam.

And all we got to do to make our dreams come true is bet! Against! The American Dreammmmmm!

 

 

 (Source: CNN and NPR)

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  1. 1
    unbound

    “They got rich because they were well connected, well bred, and smart.”

    I absolutely agree with well-connected. It was a key for all of them.

    I see well-bred as pretty much the same thing as well-connected. It just means those connections started at birth.

    I don’t agree so much with smart. It’s not that they are dumb, but I have definitely met smarter people in life.

    Another key factor that you don’t mention, but is critically important in understanding the majority of the rich is that they don’t care for anyone outside of their friends. My profession has allowed me to interact with a number of C-level (e.g. CEO, COO, CIO) executives. They are warm and personable to their friends. But they (again, majority) really don’t care what happens to the people (called resources) that work for them that they don’t have a relationship with.

    Another key factor is “business ethics”…which is truly an oxymoron, or at least is used as PR material only (which amounts to the same difference in the end). The only ethics that matter in business is whether you will likely get caught, whether it is illegal, and whether the legal penalties / PR fallout may be too high to consider. That is the extent of what ethics represents at the highest levels of the large businesses and the C-level executives that control them.

    A final key factor (that is also important to understand) is that they are aggressive when it comes to business matters. Whereas most of the masses will hesitate many times when dealing with matters that are of questionable value or ethics, the rich tend to charge right in.

    When add these key factors together (Well-Connected, Uncaring (Towards The Resources), Business “Ethics”, and Aggressive), it becomes pretty clear why we have the problems we have today.

    The American Dream (to paraphrase George Carlin) is something you have to be asleep for, because it doesn’t exist for the masses. How many of those 4 factors do you have? You need all 4 to compete with the rich.

    Which brings me to the reason for what I wrote above…keep all that information in mind when you go up against them. They do not care about you at all, so they will have no compunctions using everything at their disposal to put you in your place. They will do this aggressively, and they will start doing this brazenly if the protests go far enough. Understand your enemy.

    To quote the Art of War:

    So it is said that if you know your enemies and know yourself, you can win a hundred battles without a single loss.
    If you only know yourself, but not your opponent, you may win or may lose.
    If you know neither yourself nor your enemy, you will always endanger yourself.

  2. 2
    shripathikamath

    because right now we are nothing but a bunch of moneys hurling shit at each other

    There is tremendous insight in that Freudian slip (probably?).

    Both sides have wing nuts, both sides have a handful of valid points, yet if we continue to hate on each other and not the entities like Magnetar that did this to us, then the 1% will continue to make us all dance on marionette strings.

    I hope you are not assigning close to equal proportion to the both sides observation, because one side is really out there. It is the side that started as tea baggers protesting TARP and are now wanting to repeal the Dodd-Frank act and other “big government regulations” that would guarantee TARP II.

  3. 3
    Jesse

    There is a fundamental difference between the Occupy Wall Street movement and the Tea Party.

    The former was funded and started by the Koch brothers. This isn’t conspiracy-theory stuff; they were and are quite public about it.

    The Tea Party was an astroturf movement from the start.

    The OWS people were rather different, and this is reflected in the lack of specific demands or a program. It was and is very decentralized, and there sure as hell isn’t any funding coming from any millionaires. If anything the moneyed players on the left (such as they are) were late to the party.

    I was just out at the OWS on Wednesday. Some 30,000 people showed up. No Tea Party gathering has gotten that kind of traction minus the support from business interests. That says something right there.

    OWS via the use of many social media tools has actually managed to push the message in a different direction. That’s why it will be really interesting to see what the folks here in New York come up with.

  4. 4
    Steve

    Thanks for the Dune reference. It’s not often that I get to pull that one out.

  1. 5
    What I’m Reading Saturday, October 8, 2011 | Rationally Thinking Out Loud

    [...] Predicting the Flip | Assassin Actual Share and Enjoy:Written by: Jerrald Hayes on October 8, 2011. [...]

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