Occupy Wall Street protests now nationwide in the USA

Discussion in 'The Water Cooler' started by Mike, Oct 7, 2011.

  1. Mike

    Mike Windows Forum Admin
    Staff Member Premium Supporter

    Jul 22, 2005
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    The following map shows locations of protests occurring throughout the United States. As you can see, the map is pretty full:

    Map: Occupy Wall Street Spreads Nationwide (Updated) | Mother Jones

    A quick analysis of what is going on could show a 'paradigm shift' in current events. Usually most Americans aren't paying attention to politics enough to protest anything. However, once nation-wide protests start, like during the Vietnam era and the populist movement era during the U.S. Great Depression, the existing or future government administration is forced to capitulate to protestors demands. This may not have worked in 2003, when millions around the world protested the U.S. invasion of Iraq, since these protests were spontaneous, involved massive numbers of people, and were not well-organized.

    The current protests seem to be highly organized, with many individuals going so far as to create "civil disobedience workshops". While a republic is traditionally designed to protect the minority vote, a democratic republic involves both, and in times of trouble, this can be well-defined in excess.

    So what exactly is going on here?

    A good indicator, as far as I can tell, is a concept called the Triffin dilemma. Those short on time may have a hard time understanding the economics behind the situation, but with the US devaluing its currency to attempt to finance domestic growth, it is short-falling its status with the US dollar as the "world reserve currency". The US consumes more than any country in the world because it has basically operated the "world reserve currency" since the end of World War 2. In essence, countries hold currency reserves in dollars overseas. But, with the dollar no longer pegged to gold since the 1970s, a currency crisis may be taking place. This is also a debt crisis. This is best understood by writings of Chinese economists, who would like the world to end the US role of holding the reserve currency. Prior to the US holding this title, the British Empire also used British sterling as the world reserve currency. Check out more information on this subject to see if I am right about this assumption.

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