Who Are the One Percent?

These are the folks the Occupy Movement is fighting.

They are considered to be the 1%; the number the 99% are against. Their lair seems to be especially strong in that zone known as Wall Street. The main thing I'm alarmed about is the widening gap between rich and poor.

From the Nov. 2nd Chicago Tribune "Widening U.S. income gap could have far-reaching effect" by David J. Lynch. Bloomberg.

"Since 1980, about 5 percent of annual national income has shifted from the middle class to the nation's richest households. That means that the wealthiest 5,934 households last year enjoyed and additional $650 billion--about $109 million apiece...."

"'We are the 99 percent that will no longer tolerate the greed and corruption of the 1 percent,' says the OccupyWallStreet.org website."

I'm not sure of the 1% number being correct, but I am mad about the rich getting richer, the poor getting poorer and the rapid erosion of our country's middle class. I hold the hedge funds, Wall Street, speculators and investment bankers for bringing on this really bad recession (or is it the Great Recession as I have heard it called).

I don't know what the Occupy Movement will accomplish, but hopefully, at minimum, the GRBs as I call them now know that "we" know what they're all about.

Even better, maybe the government will come to "see" as well and maybe stop their attacks on the Occupiers.

Where Will This Lead? --RoadDog

It's Them, Not Me: Let's Call 'Em What They Really Are-- Gamblers, Not Investors

From the August 10th Chicago Tribune "Roller coaster turns up" by Don Lee and Tom Petruno.

"...on a day when Wall Street went on a wild ride....The central bank did its best to soothe jittery investors...."

We all know how the stock market has been going down and up tremendously the last week, dropping 674 points Monday and rebounding 430 yesterday.

And this because "investors" are worried about the economy.

Notice how I put the word "investors" in the sentence. Investors is not a correct term anymore. A more justifiable word would be "gamblers." These folk are doing no more than sitting at a poker table and "gambling" not only with their money, but even worse, with everyone's life and future in the country.

And, let's face it, they are gambling with our country's future. And all just to make a huge amount of money by producing nothing. And they don't have to worry if they mess up because the government will bail them out.

There was a time when investing meant you put your faith in a company's ability to grow and with that made a reasonable profit. Now "investors" put their money down not so much for the company but in the hopes that other "investors" will do so as well and huge profits will be realized.

Everything is in the short term, not the long haul.

Time has come to overhaul Wall Street significantly or even do away with it along with all commodities and futures.

A Bad Road We're Headed Down.


STILL NOT FUNNY.