Occupy Dallas

[Bassics]

I dunno, with this interest rate, why aren't people buying the crap out of real estate? Lack of credit?

[Denny]

I dunno, with this interest rate, why aren't people buying the crap out of real estate? Lack of credit?

I doubt most can even come up with an initial down payment.

[majorownage]

I personally think the interest rates are low as fuck so more wealth can be transfered to the banksters.

The "chosen" banks can borrow infinite money from the fed -> buy buttloads of government bonds -> repeat.

What a scam, hell, they weren't making enough money so they got S&P to lower our credit rating, LOL

[dcs13]

Looooooosers...Although a few of those chicks could make some quick money dancing (thats what the good ole gals in Texas do)...

[Denny]

Looooooosers...Although a few of those chicks could make some quick money dancing (thats what the good ole gals in Texas do)...

Did you put your Call of Duty game on hold to type this?

[Slowhand]

I dunno, with this interest rate, why aren't people buying the crap out of real estate? Lack of credit?

Uncertainty is powerful. If you've got even the mildest inkling that we haven't hit the bottom, you're probably not going to make a multi-million dollar real estate deal.

[dcs13]

Did you put your Call of Duty game on hold to type this?

Nope just enjoying my piece of the American pie. You get what you are WILLING to work for...Sometimes it isn't pretty. I see a bunch of whining ass bitches that never worked a REAL hard day in their life. I'm sure they all have their Iphones too.
I got mine on a DISD education...Yep, worked some crappy work growing up, but I'm all good now. I have a job I love and have done it for 25 years...Yeah, I'm older (44)...Point is, it was up to me. I did it just like anyone else willing to WORK can do.

[YALE]

I say fuck those crooks at Kraft, they need to raise their dividend, this $.29 shit ain't cutting it!! Now that is some fucking injustice, I want to protest.

Buy a big stake in them and make them move as much cheese production as possible to us (Schreiber Foods).

[majorownage]

There was credit before the Fed because banks existed. When there was a major economic contraction there was no credit. Increasing the money supply increases available credit. Lack of credit causes recessions. Lack of credit makes recessions into depressions.

Lol at you quoting some figure on GDP growth from the 1800s to support anything. How was the growth rate for 1810 calculated? Did they use magic? it's just absurd.

Nope just enjoying my piece of the American pie. You get what you are WILLING to work for...Sometimes it isn't pretty. I see a bunch of whining ass bitches that never worked a REAL hard day in their life. I'm sure they all have their Iphones too.
I got mine on a DISD education...Yep, worked some crappy work growing up, but I'm all good now. I have a job I love and have done it for 25 years...Yeah, I'm older (44)...Point is, it was up to me. I did it just like anyone else willing to WORK can do.

People here are not whining and bitching. I'm pissed off about the corruption degeneration that seems to be accelerating.

[GrayStangGT]

Herman Cain to Occupy Wall Street protesters: If you're not rich 'blame yourself'

Read more: http://www.nydailynews.com/news/poli...#ixzz1Zxj0EAlY

[dcs13]

People here are not whining and bitching. I'm pissed off about the corruption degeneration that seems to be accelerating.

You're bitch is in Washington. If you really want a history lesson on this, start looking at the repeal of Glass Stegal act...This was a sneaky little bombshell that good old Texan Phil Gramm snuck in a late year budget bill in 1999. That set the stage for a lot of badddd stuff. Oh, and Guess where his wife worked ? Enron . Yep she was on the board AFTER she had been at the Commodities and Futures trading Commission and helped pave the way for the whole thing...
YES the system is messed up, but Wall Street is a Business. They are there to MAKE a profit based on the laws in place. It's the crooks in DC that are changing/making the laws for it to happen...
The Bank of America Deal ??? That's a BUSINESS trying to re-coup profit BECAUSE Obama's bunch put reforms in place to curb their making a buck...Oops, they never thought of B of A making money on a monthly fee, instead of per transaction...They're incapable of regulating ,becuase they have no business experience. Goverment needs to get the hell out of private business.
Seems REALLY interesting that when Solyndra went under, one of their creditors was the California Democratic party...WTH? Yep, that half a BILLION was a big slush fund to help the California dems out... Anyone bitching about that ? Half a freakin billion...We could feed some homeless on that. Let private business invest in what works.

[Broncojohnny]

Lack of credit causes depressions? Ok....I guess it doesn't have anything to do with how people over extend themselves. Shit we should have a booming economy with this 0.25?!?!% interest rate.

Yes, lack of credit causes depressions. It is a direct result of people over extending themselves, losing tons of borrowed money on asset speculations and the banks refusing to lend afterwards. It has been that way for the last 400 years going back to the South Seas bubble in England and the Tulip mania in Amsterdam. Credit is the grease on the wheels of the economy.

The Fed's unwillingness to increase the money supply, even when we were on the gold standard and they could buy gold from abroad, is what caused the Great Depression according to Milton Friedman. The idea is somewhat controversial but I believe it. Even he agreed that the Fed was a necessary evil and that a slight amount of yearly inflation is desired over a situation where the money supply remains inflexible.

Before the Fed existed there was nothing, depressions came every 15-20 years and people ate out of trash cans after losing everything. Although, in the banking panic of 1907 that evil old banker that everyone hates, JP Morgan, used his own money and injected it into the banking system in New York City. He also convinced other wealthy people to do the same thing in order to prevent a depression. One of the reasons I laugh at the argument that "rich people control all the wealth today and the system is broke" is that it is short sighted horseshit. When adjusted for inflation the Robber Barons of the gilded age had more wealth than anyone who has ever lived with the exception of some ancient kings whose wealth is only estimated.

[tribaltalon]

here's a small tidbit of information Bronco.

The Bengal famine of 1770, in which one-third of the local population died, caused distress in Britain. Military and administrative costs mounted beyond control in British-administered regions in Bengal due to the ensuing drop in labour productivity. At the same time, there was commercial stagnation and trade depression throughout Europe. The directors of the company attempted to avert bankruptcy by appealing to Parliament for financial help. This led to the passing of the Tea Act in 1773, which gave the Company greater autonomy in running its trade in America, and allowed it an exemption from the tea tax which its colonial competitors were required to pay. When the American colonists, who included tea merchants, were told of the act, they tried to boycott it, claiming that, although the price had gone down on the tea when enforcing the act, it was a tax all the same, and the king should not have the right to just have a tax for no apparent reason. The arrival of tax-exempt Company tea, undercutting the local merchants, triggered the Boston Tea Party in the Province of Massachusetts Bay, one of the major events leading up to the American Revolution.


hrmm..... so the Company was going bankrupt, and needed a "financial bailout" at the cost of the people... weird. i've never heard of this ever happening in modern times. The Company had already been putting tremendous pressure on the British Parliament to give them monopolies all over the world, by taxing and restricting production of local goods, almost forcing the colonists to buy Company goods instead of their own products. Was it the ONLY reason, no, but the corporation did play an instrumental part in the Revolution.

"The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism—ownership of government by an individual, by a group, or by any other controlling private power" Franklin D Roosevelt


“Corporatism has become the standard, and people forget they’re part of government....it’s power that’s come for sale,” said Brian, a 24-year-old unemployed Maryland resident, who arrived with a backpack to camp out.“Our government has allowed policy, laws and justice to be for sale to the highest bidder.”

This is what Occupy is supposed to be about, and sooner or later the message will become clear. The media can only fudge it around for so long, social media will bring the message through as they get more organized.

[tribaltalon]

Personally, I think that we need alot less government, and for the corporations to have NO direct connection with the political landscape. If they want to make their bazillions, so fucking be it! But dont use our money to bail your stupid ass out. There is no reason why we should have politicians who come directly from the board of directors of the largest corporations in the world, I mean seriously.. cant they be subtle? Oh wait, I forgot, this is the land of the sheeple who voted a black guy who's credentials are STILL sketchy to the fucking POTUS. what a fucking joke.

[SMKR]

I dunno, with this interest rate, why aren't people buying the crap out of real estate? Lack of credit?

Fear and uncerainty of what tomorrow may hold with the current regime in office


( or at least that is what the few multi millionaire real estate developers i know have told me)