Saturday, November 26, 2011

The American Dream Movement

The "Occupy" movement is slowly morphing into "The American Dream Movement" just like the Tea Party was just a bunch of very upset people at first. Both movements are populist driven "Grass roots movements" and both are changing the U.S. in a variety of ways and both will continue to do so. The tea Party is mostly older middle of the road angry folks and the "Occupy" or "American Dream Movment" is mostly the young, college age and disenfranchised and very angry. It is important to note that even though the "Tea Party" is somewhat more civilized and less scary to the public, the American Dream movement is very young and sexy as a movement much like the anti-war movement of the 1960s and 1970s and will likely grow as more and more educated people join its ranks in one form or another. This movement reminds me of the anti-war movement in the 1960s and 1970s which eventually led to the end of the Viet Nam War and removing Nixon from power. So, it is important not to underestimate the anger or staying power of college educated youth who can't get jobs now and into the future.
 
Until enough people get good jobs or can start their own businesses and get the banks to loan them money this movement will grow and grow. If banks don't find a way to help this movement then it is possible that banks (at least as we now know them) will eventually cease to exist much like Savings and Loans did 20 or 30 years ago. So, at the very least what banks are and how they work will likely change a lot over the next 10 to 30 years quite a bit as this movement grows.

Note: An important article if you want to know more about "The American Dream Movement" is called
'The Return of the Rabble Rouser' which is in the latest Time Magazine November 23rd 2011.

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