An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
I have said before there will be blood in the streets before this is all over. This could end up being as bad as the civil rights brutality of the 60's. When the poor and downtrodden realize they have nothing left to lose, they will take to the streets and it will be water cannons, billy clubs and mace used to subdue them. Our Constitutional right to assemble peaceably has been completely abrogated.
Shaun...I guess we could try that but what really matters is the US $ at the Federal level. Nothing else really matters unless people believe they need to pay you a tax.
However it is quite true that anyone can issue a currency, and it can successfully work (relatively speaking) if the situation is accurate If you're interested in these ideas check out Warren's article about the buckaroo here:
I think incorporating MMT features into something like bitcoin is a more effective strategy than hoping that the same corrupt political system will somehow resolve all of the social issues that it has created.
In many other jurisdictions, you could be imprisoned or killed for demonstrating like this.
The Constitution is a piece of parchment from over 200 years ago, it means absolutely nothing nowadays. Mass disenfranchisement is the order of the day - the only question remaining is - which side of the fence are you on?
If you are on the wrong side, then I suggest you hurry up and try and make it to the right side instead of whining about civil liberties.
Yes, those two women standing there were definitely a threat. Dousing them with pepper spray was totally justified. How dare they stand there like that! What bravery on the part of the white shirt! He should get a medal of commendation!!
Shaun, that's why I am interested in digital currencies. But it has to be used in exchange. Krugman pointed out recently that bitcoin is how being hoarded for appreciation instead of being used for exchange, negating it as a currency.
It looks to me like NYPD was just doing their job by enforcing the law. Two wrongs don't make a right so stay on the fricking sidewalk, you crazy lunatic woman!
Well that opinion comes from Krugman, one of the most reputable economists of our time. Krugman also trys to discredit MMT, so what Krugman says must be taken with a lot of salt.
Just because people hoard bitcoins doesn't mean it no longer functions as a currency.
http://blockexplorer.com/ You can see here that bitcoins are still being transferred.
Also if someone wanted to 'split' bitcoin into an MMT version with a higher bitcoin creation rate( a very simple thing to implement), then the hoarding issue is solved.
And the value of bitcoins is still 5x more than at the start of the year.
So I find it interesting that Krugman decides to take only one fact and build a story around it.
Please check out U.S. Law's website. They did the slow motion analysis on the video. They also respond to official claims from the NYPD that the video had been edited to specifically portray the police in a negative light.
"Activists have identified the senior New York Police Department officer who allegedly pepper-sprayed young women at the "Occupy Wall Street" protests, and it's not the first time he has been accused of civil rights abuses.
"The Guardian confirmed that the officer is Anthony Bologna, who was also accused of civil rights abuses and false arrest during the 2004 Republican National Convention in New York City.
"Photographs of the officer's badge also suggested that Bolognawas the person in question....
"A file released by the hacker group Anonymous pointed to a 2007 civil rights suit filed against Bologna."
I'd say they only broke 50% of the law. Ergo this isn't a big deal.
Love the logic with that one!
Remind me never to hop in a boat with such people. We're only sinking 50% of the boat...it's really not that big of a deal guys!!!
I mean this isn't Hotel Rawanda so what's the big deal right?!?!
Personally the biggest thing that scares me is how much people have lowered their internal benchmarks of right and wrong and what really is an egregious action in our society. THAT is the scariest thing to me, b/c as we all know by now...it's almost impossible to change what a person believes.
A constitution and law of governance are of no use if the voice of the people don't agree with upholding the said decrees. Might as well use that paper in some more resourceful way if that's the case.
25 comments:
words can't describe.
not good.
I have said before there will be blood in the streets before this is all over. This could end up being as bad as the civil rights brutality of the 60's. When the poor and downtrodden realize they have nothing left to lose, they will take to the streets and it will be water cannons, billy clubs and mace used to subdue them. Our Constitutional right to assemble peaceably has been completely abrogated.
it will be water cannons, billy clubs and mace used to subdue them.
not good. or perhaps tazers, lasers, mesh nets, bomb squad gear, and other weird scary things I don't know what.
words describe...not good.
Never in my wildest dreams would I have thought I'd see stuff like this and in a mounting scale.
Is it not time to create a new currency centered around MMT principles????
Or shall we continue to observe and hope that somehow this will all work out??
Yes! And if I could I would...
Are there any programmers here?
I need a name for this currency, ideas?
Shaun...I guess we could try that but what really matters is the US $ at the Federal level. Nothing else really matters unless people believe they need to pay you a tax.
However it is quite true that anyone can issue a currency, and it can successfully work (relatively speaking) if the situation is accurate If you're interested in these ideas check out Warren's article about the buckaroo here:
http://moslereconomics.com/2011/09/19/the-umkc-buckaroo-a-curreny-model-for-world-prosperity/
Seen cops charge on horses during the demo before the Iraq war. Almost a decade ago. This is not new.
Thanks for the link Mario.
I think incorporating MMT features into something like bitcoin is a more effective strategy than hoping that the same corrupt political system will somehow resolve all of the social issues that it has created.
awesome Shaun. keep us posted on what you come up with! I'd be interested to see the plans.
Looks to me like cops showed decent restraint. I don't see brutality here.
You guys reckon this is "police brutality"?
In many other jurisdictions, you could be imprisoned or killed for demonstrating like this.
The Constitution is a piece of parchment from over 200 years ago, it means absolutely nothing nowadays. Mass disenfranchisement is the order of the day - the only question remaining is - which side of the fence are you on?
If you are on the wrong side, then I suggest you hurry up and try and make it to the right side instead of whining about civil liberties.
agreed completely me either. thanks!
Yes, those two women standing there were definitely a threat. Dousing them with pepper spray was totally justified. How dare they stand there like that! What bravery on the part of the white shirt! He should get a medal of commendation!!
Remember Kent State!
Shaun, that's why I am interested in digital currencies. But it has to be used in exchange. Krugman pointed out recently that bitcoin is how being hoarded for appreciation instead of being used for exchange, negating it as a currency.
It looks to me like NYPD was just doing their job by enforcing the law. Two wrongs don't make a right so stay on the fricking sidewalk, you crazy lunatic woman!
totally mortgage. couldn't agree more. The lady is insane off her rocker. Thanks!
@Tom
Well that opinion comes from Krugman, one of the most reputable economists of our time. Krugman also trys to discredit MMT, so what Krugman says must be taken with a lot of salt.
Just because people hoard bitcoins doesn't mean it no longer functions as a currency.
http://blockexplorer.com/ You can see here that bitcoins are still being transferred.
Also if someone wanted to 'split' bitcoin into an MMT version with a higher bitcoin creation rate( a very simple thing to implement), then the hoarding issue is solved.
And the value of bitcoins is still 5x more than at the start of the year.
So I find it interesting that Krugman decides to take only one fact and build a story around it.
I would rate this as 6 out of 10 on the police brutality scale.
Please check out U.S. Law's website. They did the slow motion analysis on the video. They also respond to official claims from the NYPD that the video had been edited to specifically portray the police in a negative light.
U.S. Law
"Activists have identified the senior New York Police Department officer who allegedly pepper-sprayed young women at the "Occupy Wall Street" protests, and it's not the first time he has been accused of civil rights abuses.
"The Guardian confirmed that the officer is Anthony Bologna, who was also accused of civil rights abuses and false arrest during the 2004 Republican National Convention in New York City.
"Photographs of the officer's badge also suggested that Bolognawas the person in question....
"A file released by the hacker group Anonymous pointed to a 2007 civil rights suit filed against Bologna."
rest at Pepper-spraying cop accused of abusing Bush protesters in 2004
I'd say they only broke 50% of the law. Ergo this isn't a big deal.
Love the logic with that one!
Remind me never to hop in a boat with such people. We're only sinking 50% of the boat...it's really not that big of a deal guys!!!
I mean this isn't Hotel Rawanda so what's the big deal right?!?!
Personally the biggest thing that scares me is how much people have lowered their internal benchmarks of right and wrong and what really is an egregious action in our society. THAT is the scariest thing to me, b/c as we all know by now...it's almost impossible to change what a person believes.
A constitution and law of governance are of no use if the voice of the people don't agree with upholding the said decrees. Might as well use that paper in some more resourceful way if that's the case.
I like the part "who are you protecting" ?
government for the rich by the rich empowered by tatoo'd cops with facitious grins.
protesters could have brought over some retired wheelchaired folks who lost their retirements due to wall street.
i wonder if the cops would have put their batons in the wheels to lock 'em up.
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