From PJM:
Recently they announced that they will “erase Wall St. from the Internet” on October 10th in support of the Occupy Wall Street movement. It isn’t clear what they actually intend to do. Attacking the web pages of NYSE will barely register to most traders that day so that doesn’t seem chaotic or destructive enough for the Anonymous collective. Since they promise that this will be a day that will “never, ever be forgotten,” some fear they have found a way to actually interfere with trading and could thus force the markets in this country to close indefinitely, grinding our economy to a halt.Go read the whole thing at PJM.
But this speculation on their next attack has caused people to overlook another Anonymous threat issued just days before. In a video called “The Bankers are the Problem,” Anonymous spends a little over eight minutes making the case for violence against bankers and the mass murder of Wall Street workers:
In the video you’ll notice that the speaker disparages the idea of freedom, which should surprise some of Anonymous’ more rabid fans. But what I found most chilling were the frequent allusions to homicidal mob violence being divinely inspired.
What divinity inspires mobs to lynch unarmed people?
Anonymous claims to be fighting for some sort of larger cause. But what is it? Advocating murder will solve what problem? And what will happen if Anonymous follows through on its threat and does give us a day we’ll “never, ever forget” on October 10th? If Anonymous gets rid of those pesky bankers and financial services, what will happen to the thousands of trucks that bring food and water into New York City? What will the allies of Anonymous do if the group manages to collapse our economy? Forage for food in lower Manhattan?
Anonymous helped organize the Wall Street Occupation movement, encouraged hundreds of people who can barely care for themselves now to congregate in New York, and now wants to create a catastrophe there that members hope will cause untold chaos. This is not so much a protest as a plot to murder those people. The aftermath of a successful takedown of the markets by Anonymous will not look like the glorious revolution these protesters are imagining; it will be akin to a zombie apocalypse as panicked city dwellers find the intricate web of services that keep them alive disappearing with the malicious keystrokes of people watching and laughing from hundreds of miles away.
NOTE - NYSE IS OPEN ON COLUMBUS DAY 2011
4 comments:
Uhh, tomorrow (Oct. 10) is Columbus Day which is a Banking Holiday. The Markets will be closed tomorrow.
I know. It would be really funny if they simply didn't know that when they planned and made this announcement.
The article from PJM addresses that point, by the way.
http://www.nyse.com/Frameset.html?displayPage=/about/1022963613686.html
October 10 is NOT listed as a closed holiday on the NYSE site
What Could Close the Stock Markets Unexpectedly?
Since 1953, the exchanges have attempted to reduce the number of official closing days, knowing that investors want the markets open as long as possible.
There is growing pressure, with the Internet and computerized trading, for markets to be open 24/7. But breaks in trading on weekends help moderate volatility, and many trading professionals need this downtime. Additionally, no one wants to hear that the stock market has crashed on a Sunday morning.
Since 1885, the New York Stock Exchange (NYSE) has unexpectedly closed for a number of reasons:
•Computer failures: Circuit breakers (the NYSE is required to stop trading when the market declines by a certain percentage)
•Power failures, especially in the 1970s
•Hurricanes
•War (the exchange was closed for 5 months in 1914 at the beginning of World War I, but was never closed for World War II).
•Terrorist attacks (September 11-14, 2001)
Items of Note on the NYSE Holiday Schedule:
Although the third Monday in February has become popularly known as President’s Day, the NYSE still follows the original designation of Washington’s Birthday as an Exchange holiday.
Washington’s Birthday was first declared a federal holiday by an 1879 act of Congress and then modified by The Monday Holiday Law, enacted in 1968. That law shifted the date of the commemoration of Washington’s Birthday from February 22 to the third Monday in February, that is used to this day.
First, whenever a president dies, the exchanges select a day of mourning. For example: January 2nd was chosen as the day to mourn the passing of President Gerald Ford.
Second, the stock exchanges, particularly the NYSE on Wall Street and the London Stock Exchange in England; close on the Christian holidays of Good Friday and Christmas.
Third, Wall Street is very traditional. They have refused to change Washington’s Birthday observance to President’s Day. Until 1953, they observed Lincoln’s birthday (February 12), Columbus Day (October 12), Veterans Day (November 11), and often Election Day (the first Tuesday of November).
Although the NYSE closed on the funeral day of Martin Luther King Jr. in 1968 – the first time they did so in honor of a private citizen – the Exchange resisted adding Martin Luther King Day until 1998, years after it was declared a national holiday. (The Exchange did close to honor the death of J. P. Morgan in 1913, but only for two hours.)
I feel as though I just watched the enemy of humanity call someone else the enemy of humanity.
Interesting how they pick a character which seems to be straight out of revolutionary France. I guess it works among fools with no knowledge as concerns historical truth.
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