Bad Moon Rising:James Quinn!
ZeroHedge.com
11/02/2011
“Human history seems logical in afterthought but a mystery in forethought.” – The Fourth Turning – Strauss & Howe
The above statement by historians William Strauss and Neil Howe is
very significant as we try to make sense of the events unfolding before
our very eyes in today’s world. On September 17, a mere six weeks ago, a
few hundred young people showed up in Zuccatti Park in Lower Manhattan
to protest our corrupt, broken and Wall Street manipulated economic and
political system. That first night, approximately 100 protestors
occupied the park and were outnumbered by the NYPD in full riot gear.
The idea to Occupy Wall Street began circulating on the internet in late
August. The Millenial Generation used their social networks and put
their tech savvy talents to work. Before long, thousands of protestors
showed up in cities across the U.S. The model for this movement was the
successful demonstrations in Egypt and Tunisia, earlier in the year.
The initial reaction among mainstream media and politicians across
the land was bemusement. A bunch of young hippy throwbacks were going to
make a meaningless statement and then fade away. The attention span of
Americans is as long as the commercial break between contestants on
Dancing With the Stars. Everyone knows the Millenials aren’t to be taken
seriously. They are a bunch of spoiled, coddled, lazy college kids who
need to get a job. But a funny thing happened during the commercial
break. The kids held their ground. They didn’t leave. More young people
arrived. More young people began protesting in cities across the
country. Middle aged people began to get involved. Even some older
people joined the cause. Before long there were thousands of people
getting involved. It spread to Europe, with young people occupying
London and Rome. Donations and supplies began to pour in from around the
world. There’s something happening here, but what it is ain’t exactly
clear.
The six weeks since September 17 have been chaotic, venomous,
confusing, and verging on deadly. Wall Street gyrated wildly with stocks
falling 8% by October 3 and rebounding by 15% by October 28 and
plunging again this week. The Economic Cycle Research Institute (ECRI)
declared the country was headed back into recession on September 30:
“It’s important to understand that
recession doesn’t mean a bad economy – we’ve had that for years now. It
means an economy that keeps worsening, because it’s locked into a
vicious cycle. It means that the jobless rate, already above 9%, will go
much higher, and the federal budget deficit, already above a trillion
dollars, will soar. Here’s what ECRI’s recession call really says: if
you think this is a bad economy, you haven’t seen anything yet. And that
has profound implications for both Main Street and Wall Street.”
The Rest…HERE
