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...and as for the ONLY cause for bankruptcy anywhere is the inability to pay for one's debts. The white, pimple-faced burger joint fry cook driving the Hummer wouldn't ultimately benefit from a $1,000,000 gift. He'd probably go buy a $750,000 house and wonder why he's bankrupt on land taxes. The banker who lost everything making margin calls on insider trading wouldn't have that million either. The family with the child suffering from cancer might benefit, but if they bought insurance rather than continuing to smoke 3 packs a day they wouldn't need it to begin with.

I'm saying people mostly go bankrupt because of their own stupid decisions. Very few are due to outside conditions. Gifting them money is just throwing gas on the fire.

"Give a man a fish" yadda yadda yadda.

just another person clinging on to hope that the current system won't fail, because he's doing quite well out of it thank you very much. It already failed good sir, that's why the protesters are in the streets, and they aren't stopping any time soon.

For anyone repeating the 'protesters have no demands' rhetoric, perhaps try reading? These were posted 10 days ago.
http://occupywallst.org/forum/proposed-list-of-demands-for-occupy-wall-st-moveme/

Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.

Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.

Demand three: Guaranteed living wage income regardless of employment.

Demand four: Free college education.

Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.

Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.

Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America’s nuclear power plants.

Demand eight: Racial and gender equal rights amendment.

Demand nine: Open borders migration. anyone can travel anywhere to work and live.

Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.

Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the “Books.” World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the “Books.” And I don’t mean debt that is in default, I mean all debt on the entire planet period.

Demand twelve: Outlaw all credit reporting agencies.

Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.



Once you've read them, and realize that there are actually demands, and that they have been posted for quite a while now, understand that the movement, by necessity has to be leaderless, so coming up with demands needs to be done in an organic fashion taking into account a variety of viewpoints - this takes TIME. On that note, expect the demands to change and improve with time, those demands are just a snapshot. The whole point of the protests is that things have just gotten rediculous, there are so many issues the Government is not dealing with, so what would be the point of protesting against just one issue?

Protests can involve more than one issue? How unthinkable!!!

Ok Adam Smith, would you care to outline the sequence of events that will precipitate this depression?

Incidentally, I'll never discount the possibility of a depression. I think the definition of a depression should be: The contrived transfer of wealth from the masses to elite. The question is whether the "teaser rate" loans were available to allow subsequent rate hikes to have the same effect as the margin calls in the 1920s, where the elite let the masses buy stocks on margin in order to create debts that they could not cover, resulting in wealth transfer and the last depression.