We have been discussing the negative aspects of OWS and until now we have only had minor crimes like rape, property destruction, taking over police stations, and defecation. However, now with the attempted bridge bombing in Cleveland http://news.yahoo.com/ows-tactics-turn-violent-attempted-cleveland-bridge-bombing-210700652.html, we are beginning to see what will be occurring this summer around the country. We hate to be negative but it is perfectly clear where OWS is going and it is not pretty.
We expect to see major riots in large and secondary cities around the country as well as major attacks on the infrastructure (bridges, tunnels) and against commercial office buildings housing national and international companies. We think there will be attempts to close down car, train, internet and possibly air traffic. There also will be attempts to take over company as well as government offices in these same cities.
Police response will be very measured and only when there is demonstrable (not potential) property damage or fear of or actual physical harm to individuals will they become involved. Arrests will be limited to only the most outrageous participants. Law enforcement will take this low key approach in an attempt to not encourage more over the top activity.
We expect there will be loss of life, substantial property damage and many injuries. The last time we saw this much trouble was in the late 60's. This time it will be worse.
Of course, we are just guessing what these domestic terrorists will have up their sleeves. It might be much more terrible. We pray that we are wrong but with the damage on April 30 in San Francisco and the attempted bridge bombing, we believe we are in for a bad summer and fall.
Conservative Tom
We expect to see major riots in large and secondary cities around the country as well as major attacks on the infrastructure (bridges, tunnels) and against commercial office buildings housing national and international companies. We think there will be attempts to close down car, train, internet and possibly air traffic. There also will be attempts to take over company as well as government offices in these same cities.
Police response will be very measured and only when there is demonstrable (not potential) property damage or fear of or actual physical harm to individuals will they become involved. Arrests will be limited to only the most outrageous participants. Law enforcement will take this low key approach in an attempt to not encourage more over the top activity.
We expect there will be loss of life, substantial property damage and many injuries. The last time we saw this much trouble was in the late 60's. This time it will be worse.
Of course, we are just guessing what these domestic terrorists will have up their sleeves. It might be much more terrible. We pray that we are wrong but with the damage on April 30 in San Francisco and the attempted bridge bombing, we believe we are in for a bad summer and fall.
Conservative Tom
On the European austerity programs in Greece, France, Spain, Ireland, etc.
ReplyDelete“You cannot keep on milking a cow without feeding it.”
http://www.businessweek.com/articles/2012-05-15/assessing-the-odds-of-a-greek-euro-exit
However, this is a great strategy if your goal is to kill the cow!
--David
P.S. How about something on JP Morgan and their $100 billion trade arbitrage trade on a credit default swap index? That is what we ought to be talking about, not a few idiots who show up sometimes at OWS events. Or if you insist on covering only the OWS and not the 6 investment banks and their $10 trillion market cap, at least post something about all the OWS rallys that have been peaceful, including the one today outside the JP Morgan shareholder meeting where Dimon's $23 million compensation and position a chairman of the board were approved. How's that for accountability?
David, I have been waiting for your comment on Chase and you did not disappoint me. There are two points I wish to make. First of all, two billion sounds like a lot, however, when you measure it against the size of the bank, it is peanuts. Businesses lose money all the time. When measured against the profits they have made, it is not substantial. It is for that reason that Diamon was not fired. Secondly,we are not for propping up failing businesses or those who are too large to fail. If the losses had been 100 times as large, I would have been in the forefront of saying let them go!
ReplyDeleteWe seem to think that we are smarter than the business cycle or the nature of capitalism. We are not. The government needs to get out of the way and let nature make it's winners and losers. Saving failings business, regardless how large is a Fools mission. It is sending good money after bad.