SkydiveJonathan

OK.

On November 5th, we invite everyone to come together and hold the banks accountable for their greedy display of democracy. They got billions in bailouts and get millions in tax subsidies and have done nothing to help the economy but make their shareholders and CEOs richer. They have foreclosed on millions of hard-working families and denied them refinancing on their loans. They have lost billions of the American people's money through risky gambling and illegal activities. We must stand up to them and say "NO MORE"!! So on this day before the elections, we encourage everyone to move their money and move their debt from big banks into credit unions and local community banks. Since November of last year, over $100 million has been moved, and we hope to see another $100 million moved on this day.

I call it a PA.

Not the 'troll' card again. How many times do you get to use it?

The Tea Party were the nail in the coffin of the GOP ensuring Obama's election. Occupy have a different strategy.

Costas Vaxevanis, editor of the "Hot Doc" weekly magazine, was ordered to answer charges on breaching privacy laws a day after he was arrested for publishing a list of more than 2,000 Greeks said to hold bank accounts in a Swiss branch of HSBC. Separately MediaNet, a state-run broadcaster, announced the dismissal of Kostas Arvantitis and Marilena Katsimi after the morning news presenters discussed neo-Nazi infiltration of the police on air. Mr Vaxevanis hit out at the rush to bring charges that could see him sentenced to two years in prison while the government has failed to pursue intelligence on tax dodgers.

The re-election of Obama will be over soon and the Occupiers can get back to the real work of dismantling the corruption of the 1%. Looks like Greece is the next focal point.

Their objective is to wrest control of society back from the leeching 1% to the productive 99%. Basic grassroots democracy in action. You should be for it.

The 1% are the shiftless bums lazing off society. The Occupiers are the ones pointing out that truth. Live with it. Occupy and Obama will get along fine.

He went on to say that both Barclays and Lloyds were seeking to change their "sales-oriented culture" and return to their Quaker roots. "There is the quiet, but unmistakable, sound of a leaf being turned," he said. "If I am right and a new leaf is being turned, then Occupy will have played a key role in this fledgling financial reformation. "You have put the arguments. You have helped win the debate. And policymakers, like me, will need your continuing support in delivering that radical change."

Unlike the Tea Party - Occupy is a global movement. As soon as Obama gets back in there'll be another surge forwards in the US.

Occupy Wall Street is a leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants.

Occupy will keep Obama on his toes for his second term.

Don't worry they're building up nicely.

Occupy is growing in the US - loads of places. Keep up.

Meanwhile Occupy continue to grow globally because they are right.

Haldane hit out at criticisms that the Occupy movement’s complaints have been vague and undefined, with few solid solutions offered. “Occupy’s voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault-lines,” Haldane said. The Bank’s executive director for financial stability, who sits on its new super-regulator – the Financial Policy Committee – cited “deep and rising inequality” as a primary cause of the global financial crisis. Last week Haldane compared large banks to “King Kong and Godzilla” while suggesting considerably higher capital buffer requirements, or the full separation of investment and commercial banking.

He continued: Occupy’s voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault-lines. In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir ... You have put the arguments. You have helped win the debate. And policymakers, like me, will need your continuing support in delivering that radical change. Barclays and Lloyds seek to change their "sales-oriented culture" and return to their Quaker roots, the BBC reports Haldane said. "There is the quiet, but unmistakable, sound of a leaf being turned. If I am right and a new leaf is being turned, then Occupy will have played a key role in this fledgling financial reformation. You have put the arguments. You have helped win the debate. And policymakers, like me, will need your continuing support in delivering that radical change."

http://www.newstatesman.com/business/2012/10/occupy-has-been-successfulfor-one-very-simple-reason-they-are-right Andrew Haldane, a member of the Bank of England’s financial policy committee, said the Occupy movement was both morally and intellectually right to challenge the international financial system. In a speech last night called Socially Useful Banking, Haldane said the activists, who held sustained demonstrations in both the City of London and New York, had helped to bring about a "reformation" of the finance sector.

Let me be the first one to mention Hitler.

Iraq war veteran Scott Olsen showed up in a wheelchair at yesterday's march marking the one-year anniversary of the Occupy Oakland camp raid. But this time his injury hadn't been inflicted by police: Last week he was hit by a car while riding his bike, but it was nothing serious, he told me.

Along with Blair.

Data from the European Central Bank show that the tentative rebound in the money supply over the summer may have stalled again in September. The broad M3 gauge -- watched by experts as an early warning signal for the economy a year or so ahead -- shrank by €30bn and is now down by €143bn since April. This is highly unusual. The narrow M1 gauge watched for signals of activity six months head has held up better but also contracted in September, falling by €16bn. "The message is clear," said Lars Christensen from Danske Bank. "The ECB needs to stop obsessing about fiscal issues and do real quantitative easing (QE) if it wants to stop the eurozone going the way of Japan." Loans to firms and households fell 1.3pc as banks continue to shrink their balance sheet to meet tougher rules. Private bank lending has been falling almost continuously since April. The ECB’s €1 trillion lending blitz to banks last Winter helped shore up Spain, Italy, and other sovereign states but has not filtered through into private lending as originally hoped.

The second advantage of the Chicago Plan is that having fully reserve-backed bank deposits would completely eliminate bank runs, thereby increasing financial stability, and allowing banks to concentrate on their core lending function without worrying about instabilities originating on the liabilities side of their balance sheet. The elimination of bank runs will be accomplished if two conditions hold. First, the banking system’s monetary liabilities must be fully backed by reserves of government-issued money, which is of course true under the Chicago Plan. Second, the banking system’s credit assets must be funded by non-monetary liabilities that are not subject to runs. This means that policy needs to ensure that such liabilities cannot become near-monies. The literature of the 1930s and 1940s discussed three institutional arrangements under which this can be accomplished. The easiest is to require that banks fund all of their credit assets with a combination of equity and loans from the government treasury, and completely without private debt instruments. This is the core element of the version of the Chicago Plan considered in this paper, because it has a number of advantages that go beyond decisively preventing the emergence of near-monies. By itself this would mean that there is no lending at all between private agents.

Basically it takes away the power of banks to create money. They would be able to lend only what they had. No more credit booms and busts.