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Number79

Hpc Should Get Some Balls

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I propose that we should consider putting our money where our mouths are.

There is no point whining about RBS bonuses if you hold your accounts there. I have an opinion about who is the worst but I think that we should vote,

Let us take some action, I would like it to be national but let us first work out which is the worst bank.

Place your votes people but please consider them carefully as hopefully this may become a national issue.

If anyone knows how to spread this universally or can gain access to other networks then please feel free and contact me.

Will the people ever understand the power that they have or will they always be cattle? Spread the word, us cows need numbers.

If there is anyone else that deserves a mention then say so.

Edited by richyc

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You don't have much power. Banks with weaker staff are more likely to go bust. The problem is giving bonuses to the useless former staff, not the ones now sorting it out.

You're 5 years too late.

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Its not going to happen, besides what happens if you are successful in taking down a UK bank? Then what, the EU moves in more or the US moves in? Sometimes better the devil you know and to have a little faith in the country. :)

and there it is. No point because we shouldnt. No point because we wont and no point because we cant.

Do you know what we could do if we all did it?

They need us more than we need them, think of us like ants, they make lots from our number but we have the power if we chose to.

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They dont, the top ten UK banks have more assets than any of the other top ten banks from the US or anywhere else for that matter in the world. Every citizen in the UK could withdraw all their cash out and the UK banks would still have their overseas deposits not to mention more backing from the UK tax payer (oh the irony) and their ability to borrow on the markets if need be as well.

De La Rue would have a problem trying to print enough pound notes to keep up with demand though. :)

Theres more than one way to rule the world or throw your weight around in the world, and finance is considered more acceptable than weapons since WW2 in the developed world although there are still some other countries who respond to force better though.

I know its frustrating but you need to look at the global political picture to understand whats really going on atm and this isnt meant to come across in a patronising way either. :)

so everyone emptying their account on a given date wont affect a bank at all?

what would your master plan be instead then?

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Let them get on with it and trust them.

If you dont trust them at least trust me on this one (even though I'm just a nobody off the internet you have never met). :)

I know I might play people and provoke them on here, thats just my own warped humour if you like. I like a good debate at the end of the day so I just pick an opposing view to test people or push them sometimes. Even I change my opinion over time when new data comes to light. But as I've said before sometimes its better the devil you know than the devil you dont.

Look at this post http://www.housepricecrash.co.uk/forum/index.php?showtopic=161119&view=findpost&p=2930512 and the thread "The Hpc Politically Acceptable Solution How could we solve the house price issue" and then consider this.

We dont know who reads the rambling on here but sometimes some good ideas can pop up and the fact that many posters who started using this site before the crisis kicked off could see "problems" suggests this website is a good source to get ideas outside of the usual thinktank operations and better than the sheeple who just follow whats fed to them. :)

all I read is blah blah, any reason why we shouldnt do this?

There is one way that we as a people will have power and it isnt by a vote for worse and worser.

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Becuase you would force up the cost of borrowing nd this inturn would make mortgages more expensive whilst also seriously impacting your current standard of living.

Dont forget when this financial crisis kicked of, Darling punted all our debt into the long grass onto a long term loan iirc over 12yrs.

Other countries are refinancing or rolling their debts over the short term still to their detriment. What this means is, should the whole global financial system crash the UK would the top of the pile. So anything like what is proposed would weaken the UK's position _if_ it should have any major effect.

Just look at the recent news about the UK's credit rating for example. http://www.telegraph.co.uk/finance/economics/8381695/Fitch-says-UK-is-still-rated-a-triple-A-country.html

Nobody said this period was going to be easy, but in the end the UK will come out of this better than any other country imo.

I will ignore the fact that you can not spell to point out that you are totally wrong. There is no point in you and i arguing here, many people know far more. Let them vote and we shall see..

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Agree with OP, we need to get some balls. I've done little bits - e-mailed MPs, tried to put people off buying at ridiculous prices, don't have an account with RBS! It MIGHT be small fry, but it's better than nothing. Also take into my account the best way to argue against rising prices: use sensationalism as socialists do - link high prices to child poverty etc. You will find a lot of people on this site who are very smart and earn a lot of money, but will never do anything other than post on a forum. If there's ever a HPC meet-up or event, I'll be there! Come ON!!

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Just sos you know, I have money with two of those banks, and have opened a new account with the Co-op...when the details arrive, I am taking my money out of both, but the Barclays account I shall keep open, as they have a nice branch near me through which I can pay in and distribute immediately.

And yes, a run can occur on any of these banks...just needs queues at all the branches and on the internet over a day or so.

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Halifax is RBS.

I'll go along with it if you can get it going but it won't work. Not unless you can a double page advert in a national newspaper or get on national tv. If not you simply won't get enough people joining the cause. The bank won't even notice when a few £ million has been withdrawn.

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Halifax is RBS.

No-Halifax is a brand that operates as part of the HBOS Group nothing to do with RBS.

HBOS is part of the Lloyds TSB group.

No idea why Halifax is one of the 4 options in this poll-it is a sub-division of a sub-division of Lloyds TSB group.

Anyway. I'm with Natwest (RBS). I look forward to flouncing into my local branch and announcing that I will be taking my overdraft elsewhere :P

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all I read is blah blah, any reason why we shouldnt do this?

There is one way that we as a people will have power and it isnt by a vote for worse and worser.

This whole debate was covered on the Eric Cantana day of action against the banks. Just do a search, it's quite simple.

I am guessing that Cantana has a higher public profile than you and nothing came of it, so forget it. People have to put their money and trust somewhere.

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No-Halifax is a brand that operates as part of the HBOS Group nothing to do with RBS.

HBOS is part of the Lloyds TSB group.

No idea why Halifax is one of the 4 options in this poll-it is a sub-division of a sub-division of Lloyds TSB group.

Anyway. I'm with Natwest (RBS). I look forward to flouncing into my local branch and announcing that I will be taking my overdraft elsewhere :P

Yep your absolutely right, I'm getting one tax payer owned bank confused with another!

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This whole debate was covered on the Eric Cantana day of action against the banks. Just do a search, it's quite simple.

I am guessing that Cantana has a higher public profile than you and nothing came of it, so forget it. People have to put their money and trust somewhere.

Sadly I think that this is probably true and remember laughing at Cantona at the time and telling people with confidence that nothing would happen.

One day though, I can see people being angry enough to act together. Dont forget, we are only talking about moving the money out of one bank and likely into another. Once a bank crosses the line and people have had enough then we shall see.

As for now, people are likely just too bloody lazy.

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We've banked with NatWest, part of RBS for years and have always had satisfactory service (I don't know what I'd classify as 'good' service from a bank - something like giving me free money I should think!). We've thought about changing banks and might yet do so, but in a way Nat West was a victim, taken over by the predatory RBS, and it might one day become independent again.

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all I read is blah blah, any reason why we shouldnt do this?

There is one way that we as a people will have power and it isnt by a vote for worse and worser.

You might have noticed on here the deep hostility to anything amounting to collective action; supercillious defeatism is the order of the day.

Equally, there is an enthusiasm for others to protest and riot, alongside a deep contempt for those others.

HPC is quite a depressing place full of mysanthropes, egotists and willful controversialists. It's a habit I am fast losing.

The tendency to label, disparage and cut oneself off from ones fellow man is a taught one; we have been conditioned to individualism.

This applies not least to "conspiracy" types whose cynicism is defeatist and destructive.

FWIW, I put my savings in premium bonds a long time ago. Not as good as burying them in the garden but better than doing sweet FA.

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You might have noticed on here the deep hostility to anything amounting to collective action; supercillious defeatism is the order of the day.

You might not have noticed, but this site is called House Price Crash. It is therefore populated by people saving to buy a house when the prices become more realistic. For this we need banks for mortgages and savings, what is the advantage in messing with that system?

Those people most disposed to bring down the banks are often students and anarchists with nothing to loose. I'm sure there are other sites to accommodate those views.

Banks have upset us all. If you want to make a personal protest, go round on Saturday morning and crap on their counter.

Edited by bumpy

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You might not have noticed, but this site is called House Price Crash. It is therefore populated by people saving to buy a house when the prices become more realistic. For this we need banks for mortgages and savings, what is the advantage in messing with that system?

Those people most disposed to bring down the banks are often students and anarchists with nothing to loose. I'm sure there are other sites to accommodate those views.

Banks have upset us all. If you want to make a personal protest, go round on Saturday morning and crap on their counter.

The goal should not be to bring the banks down, but to stop them taking the piss with the rediculous bonuses. And yes, people power can work ...

http://m.guardian.co.uk/business/2011/mar/27/dutch-bankers-bonuses-axed-by-people-power?cat=business&type=article

Adrian

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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