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How Did We Get Here? It's All Thanks To The Banksters.


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Could it be they were lending thin air like qe money is...printed zeros, the 1 bit of it is the only genuine part of it the zeros are free......they were living the high life on high interest rate income, knowing there would be a high ratio of default they could sell on to a greater fool, and there would be plenty more freebies in the pot to lend sell and profit from. :unsure:

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Don't worry about it, the kids and grandkids aren't going to pay.

The political class and banksters are all going to die instead, and the debt wiped away like it never was.

+ 1

The absurd assumption that humanity at large is going to let the elite continue indefinitly is just that. Because, hey, we're all in together and they're 'pretty decent sort of guys' trying to do the right thing.

What a load of arrogant cobblers.

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Yes its comforting to blame a few thousand people in the city who fit nicely into a stereotype of evil, champagne swilling bankers somehow causing this all to happen while living the high life - if only we could stop them or jail them, everything would go back to "normal" In reality even if you put all 20,000 investment bankers in jail or somehow closed all the banks it would achieve nothing and be a massive negative to our economy.

The whole of western society is to blame for our current predicament. We simply consumed and spent too much and built and created too little for far too long. Yes bankers and politicians came up with lots of clever ways to enrich them selves and allow us to hide the truth from ourselves but year by year we were all (consumers, governments, companies) simply consuming more than we earned. This deficit built up in lots of subtle ways, in PFIs, in the shadow banking system, in storecards, in student loans, in RBS's share price, in well-paid non-jobs, in unsustainable pension promises, in generous benefits, in regional growth funds, in ludicrous house prices and of course in banker's bonuses - all collectively reassuring us that the economy was growing and we were all getting richer. In reality we were producing less and less of real value and simply borrowing from Asian countries to consume what they produced

Now the bubble has burst and as a society we face a long slow road to repay what we have spent. Yes there will be fewer bankers and lower bonuses and less tax to redistribute but it doesn't have to be the end of the world, we simply need to consume less and produce more of the things that other people will pay for (financial services included)

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Yes its comforting to blame a few thousand people in the city who fit nicely into a stereotype of evil, champagne swilling bankers somehow causing this all to happen while living the high life - if only we could stop them or jail them, everything would go back to "normal" In reality even if you put all 20,000 investment bankers in jail or somehow closed all the banks it would achieve nothing and be a massive negative to our economy.

The whole of western society is to blame for our current predicament. We simply consumed and spent too much and built and created too little for far too long. Yes bankers and politicians came up with lots of clever ways to enrich them selves and allow us to hide the truth from ourselves but year by year we were all (consumers, governments, companies) simply consuming more than we earned. This deficit built up in lots of subtle ways, in PFIs, in the shadow banking system, in storecards, in student loans, in RBS's share price, in well-paid non-jobs, in unsustainable pension promises, in generous benefits, in regional growth funds, in ludicrous house prices and of course in banker's bonuses - all collectively reassuring us that the economy was growing and we were all getting richer. In reality we were producing less and less of real value and simply borrowing from Asian countries to consume what they produced

Now the bubble has burst and as a society we face a long slow road to repay what we have spent. Yes there will be fewer bankers and lower bonuses and less tax to redistribute but it doesn't have to be the end of the world, we simply need to consume less and produce more of the things that other people will pay for (financial services included)

Yep - people are the problem - and bankers are just a part of that along with many other people.

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Yes its comforting to blame a few thousand people in the city who fit nicely into a stereotype of evil, champagne swilling bankers somehow causing this all to happen while living the high life - if only we could stop them or jail them, everything would go back to "normal" In reality even if you put all 20,000 investment bankers in jail or somehow closed all the banks it would achieve nothing and be a massive negative to our economy.

The whole of western society is to blame for our current predicament. We simply consumed and spent too much and built and created too little for far too long. Yes bankers and politicians came up with lots of clever ways to enrich them selves and allow us to hide the truth from ourselves but year by year we were all (consumers, governments, companies) simply consuming more than we earned. This deficit built up in lots of subtle ways, in PFIs, in the shadow banking system, in storecards, in student loans, in RBS's share price, in well-paid non-jobs, in unsustainable pension promises, in generous benefits, in regional growth funds, in ludicrous house prices and of course in banker's bonuses - all collectively reassuring us that the economy was growing and we were all getting richer. In reality we were producing less and less of real value and simply borrowing from Asian countries to consume what they produced

Now the bubble has burst and as a society we face a long slow road to repay what we have spent. Yes there will be fewer bankers and lower bonuses and less tax to redistribute but it doesn't have to be the end of the world, we simply need to consume less and produce more of the things that other people will pay for (financial services included)

The only people responsible for lying are the liars, you can stick this collective guilt shit right up your hoop.

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The only people responsible for lying are the liars, you can stick this collective guilt shit right up your hoop.

They were just pointing out that Bankers are not the only ones to blame. And this is 100% undeniably correct.

Not EVERYONE is to blame. However many more are than just the evil bankers.

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IMO they are distinct.

The EURO was an entirely political project which was doomed to fail from the start

Now it has failed - politicians are blaming bankers, because bankers are reluctant to lend other people's money to European governments, many of whom have no means of paying back these loans.

IMO it is not the job of bankers to invest in other peoples failed political projects in order to save individual politicians careers.

Why should they?

:blink:

An ill wind has brushed away the lines in the sand.

Tony Blair on an alleged £2.5m consultancy at JP Morgan

Stephen Green ex-HSBC chairman now coalition Trade Minister

Ben Broadbent ex-Goldman Sachs now on the MPC

etc

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An ill wind has brushed away the lines in the sand.

Tony Blair on an alleged £2.5m consultancy at JP Morgan

Stephen Green ex-HSBC chairman now coalition Trade Minister

Ben Broadbent ex-Goldman Sachs now on the MPC

etc

After the fall of the Soviet Union a power vacuum was created in Eastern Europe.

So EU politicians decided to make a huge power grab.

It was a high stakes game and it is now all going horribly wrong

What the Hell this has got to do with bankers God only knows.

If you rounded up every banker and shot them what would change?

Absolutely nothing.

:blink:

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The investment bankers, btw, are preparing for of all of this. Why there isn't a public outcry is beyond me..... they are already punting dictatorship. Seems their wonderful 'end of history' hasn't worked out the way they wanted it.

Yup:

See this:

Subject: THE 3 MEN WHO PULLED DOWN WALL STREET........

A Great Example of the political Buddy System !!!! "The Gangster Government" at it's finest. Be sure to read the "where they are now" at the end !!

Here's a quick look into the three former Fannie Mae executives who brought down Wall Street.

Franklin Raines

Chairman and Chief Executive Officer at Fannie Mae. Raines was

forced to retire from his position with Fannie Mae when auditing

discovered severe irregularities in Fannie Mae's accounting activities.

At the time of his departure The Wall Street Journal noted, " Raines, who long

defended the company's accounting despite mounting evidence that it

wasn't proper, issued a statement late Tuesday conceding that "mistakes were made" and

saying he would assume responsibility as he had earlier promised. News

reports indicate the company was under growing pressure from regulators

to shake up its management in the wake of findings that the company's

books ran afoul of generally accepted accounting principles for four

years." Fannie Mae had to reduce its surplus by $9 billion.

Raines left with a "golden parachute valued at $240 Million in

benefits. The Government filed suit against Raines when the depth of the

accounting scandal became clear. http://housingdoom.com/2006/12/18/fannie-charges/ . The

Government noted, "The 101 charges reveal how the individuals improperly manipulated earnings to

maximize their bonuses, while knowingly neglecting accounting systems and

internal controls, misapplying over twenty accounting principles and

misleading the regulator and the public. The Notice explains how they

submitted six years of misleading and inaccurate accounting statements

and inaccurate capital reports that enabled them to grow Fannie Mae in an

unsafe and unsound manner." These charges were made in 2006. The Court

ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.

Net windfall . . . $190 million!

Tim Howard -

Chief Financial Officer of Fannie Mae. Howard "was a strong

internal proponent of using accounting strategies that would ensure a "stable pattern

of earnings" at Fannie. In everyday English - he was cooking the books.

The Government Investigation determined that, "Chief Financial Officer, Tim Howard,

failed to provide adequate oversight to key control and reporting functions within Fannie Mae,"

On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department

to investigate his allegations that two former Fannie Mae executives lied

to Congress in October 2004 when they denied manipulating the

mortgage-finance giant's income statement to achieve management pay

bonuses. Investigations by federal regulators and the company's board of directors since concluded

that management did manipulate 1998 earnings to trigger bonuses. Raines

and Howard resigned under pressure in late 2004.

Howard's Golden Parachute was estimated at $20 Million!

Jim Johnson -

A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal

Housing Enterprise Oversight's May 2006 report on mismanagement and corruption inside Fannie Mae, and you'll see some

interesting things about Johnson. Investigators found that Fannie Mae had

hidden a substantial amount of Johnson's 1998 compensation from the

public, reporting that it was between $6 million and $7 million when it

fact it was $21 million." Johnson is currently under

investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.

Johnson's Golden Parachute was estimated at $28 Million.

WHERE ARE THEY NOW?

FRANKLIN RAINES?

Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?

Howard is a Chief Economic Advisor to Obama under Franklin Raines.

JIM JOHNSON?

Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.

-------------------------

You COULD NOT make this stuff up!!! :angry: :angry: :angry:

Edited by eric pebble
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WHERE ARE THEY NOW?

FRANKLIN RAINES?

Raines works for the Obama Campaign as his Chief Economic Advisor.

TIM HOWARD?

Howard is a Chief Economic Advisor to Obama under Franklin Raines.

JIM JOHNSON?

Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama's Vice Presidential Search Committee.

-------------------------

You COULD NOT make this stuff up!!! :angry: :angry: :angry:

Wow! It is beyond corrupt. Quite brazen. I often wonder how those that get to a certain level, no matter what or who they do, or how much they screw up there is always a place for them at the high table.

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The only people responsible for lying are the liars, you can stick this collective guilt shit right up your hoop.

so if bankers are the source of all evil, we can simply ban/fire/replace/eliminate/imprison 20k individuals in the city and carry-on as before? - living in a total dream world

how many investment bankers are there in Portugal pr Greece ?

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so if bankers are the source of all evil, we can simply ban/fire/replace/eliminate/imprison 20k individuals in the city and carry-on as before? - living in a total dream world

how many investment bankers are there in Portugal pr Greece ?

scarecrow_oz.gif

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so if bankers are the source of all evil, we can simply ban/fire/replace/eliminate/imprison 20k individuals in the city and carry-on as before? - living in a total dream world

how many investment bankers are there in Portugal pr Greece ?

No - you are missing the point. Human nature has a good - indeed beautiful, side. Unfortunately, the money and power is concentrated in the hands of a few, who are the kind of people I wouldn't have in my house. My guilt is minimal. I am given the chance - once every few years - to vote in a virtually meaningless charade. Power is denied me by the ruling elite, who are almost entirely culpable. Business leaders, Politicians, they are greedy, sociopathic and prospering. I chose none of this.

Don't blame me.

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No - you are missing the point. Human nature has a good - indeed beautiful, side. Unfortunately, the money and power is concentrated in the hands of a few, who are the kind of people I wouldn't have in my house. My guilt is minimal. I am given the chance - once every few years - to vote in a virtually meaningless charade. Power is denied me by the ruling elite, who are almost entirely culpable. Business leaders, Politicians, they are greedy, sociopathic and prospering. I chose none of this.

Don't blame me.

Missing the point?

Shilling more like.

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The world is teetering on the edge of an abyss - AGAIN.

How did we get here?

The DRUG of us borrowing & Banksters LENDING MONEY got us here.

It's JUST like drugees - having drugs PUSHED by the PUSHERS - the BANKSTERS.

The Pushers/Banksters have devised more and more "ingenious" drugs/"free" money -- AND also devised more and more ways of PUSHING/MONEYLENDING them onto us, companies, & countries.

WHY? Because they have made TRILLIONS and TRILLIONS from it -- and have squirelled this away into gold, carribean islands, mansions, Property "Portfolios", etc etc.

THEY HAVE RESORTED TO INFINITE WAYS OF USING FRAUDULENT MEANS TO CARRY ON THE PUSHING - Whether to individuals, companies - or countries like Greece & Portugal.....

SOLUTION:

STOP THE DRUG PUSHERS IN THEIR TRACKS:

STOP THE MONEYLENDERS IN THEIR TRACKS.

Turn Banks into PURE utilities.

Like J Christ himself, enter the temple of Moneylenders - and turn the tables over, & turn the Moneylenders out. :angry:

-----------------

Christ Driving the Money Lenders from the Temple, 1635 by Rembrandt van Rijn - see pic

The Banks are to blame for many of the ills that have got us where we are today .

But another BIG reason everything to do with finance and peoples money is so fked up is the fact that Govenments both Tory and Labour have lied about NUMBERS . If you lie about numbers they will always catch you out in the end .

The biggest lie has been the false low inflation figures . If we had had the truth people would have got better pay rises over the last 20 years and would be paying tax at a higher level of earnings ( if personnel allowances had been put up to match inflation ) therefoue they would have needed to borrow less to compensate their earnings. Interest rates would have been higher but houses would not have gone up so much so the debt would have been eaiser to pay back.

They have lied with numbers , hid the true figures and have now fked up the whole system.

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Yes its comforting to blame a few thousand people in the city who fit nicely into a stereotype of evil, champagne swilling bankers somehow causing this all to happen while living the high life - if only we could stop them or jail them, everything would go back to "normal" In reality even if you put all 20,000 investment bankers in jail or somehow closed all the banks it would achieve nothing and be a massive negative to our economy.

The whole of western society is to blame for our current predicament. We simply consumed and spent too much and built and created too little for far too long. Yes bankers and politicians came up with lots of clever ways to enrich them selves and allow us to hide the truth from ourselves but year by year we were all (consumers, governments, companies) simply consuming more than we earned. This deficit built up in lots of subtle ways, in PFIs, in the shadow banking system, in storecards, in student loans, in RBS's share price, in well-paid non-jobs, in unsustainable pension promises, in generous benefits, in regional growth funds, in ludicrous house prices and of course in banker's bonuses - all collectively reassuring us that the economy was growing and we were all getting richer. In reality we were producing less and less of real value and simply borrowing from Asian countries to consume what they produced

Now the bubble has burst and as a society we face a long slow road to repay what we have spent. Yes there will be fewer bankers and lower bonuses and less tax to redistribute but it doesn't have to be the end of the world, we simply need to consume less and produce more of the things that other people will pay for (financial services included)

Bankers as individuals are not the the problem- Banking is- the entire edifice of shadow banking derivative bullshite has manufactured more claims on wealth than can ever be repaid- this is not simply a matter of a debt hangover- the system is bust- this is the reality that the bankers and their political stooges are trying to deny.

What we see going on at present is the wholesale transfer of wealth from the population at large to a small group of gamblers who refuse to accept that they have lost money and so insist that everyone else pays them back.

For thirty years these c*nts shoved capitalism down our throats- justifying their enrichment by bleating on about 'competition' and 'globlal markets'- and if your job happened to be outsourced you were told to take it like man and accept the inevitable march of the globalised free market.

And then when it all goes wrong in 2008- when it's suddenly their turn to lose in the capitalist game they all start screaming like little girls and demanding bail outs- no more talk of the primacy of the market for these guys.

So they now say f*ck your hospitals and schools and jobs- we want our f*cking money back- and if we don't get our f*ucking money back we will crash the system.

That is what we are dealing with here. So we either roll over and give these people what they want- which is everything we've got- or we do something about it. Making excuses for their extortion is not the answer.

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Yes its comforting to blame a few thousand people in the city who fit nicely into a stereotype of evil, champagne swilling bankers somehow causing this all to happen while living the high life - if only we could stop them or jail them, everything would go back to "normal" In reality even if you put all 20,000 investment bankers in jail or somehow closed all the banks it would achieve nothing and be a massive negative to our economy.

The whole of western society is to blame for our current predicament. We simply consumed and spent too much and built and created too little for far too long. Yes bankers and politicians came up with lots of clever ways to enrich them selves and allow us to hide the truth from ourselves but year by year we were all (consumers, governments, companies) simply consuming more than we earned. This deficit built up in lots of subtle ways, in PFIs, in the shadow banking system, in storecards, in student loans, in RBS's share price, in well-paid non-jobs, in unsustainable pension promises, in generous benefits, in regional growth funds, in ludicrous house prices and of course in banker's bonuses - all collectively reassuring us that the economy was growing and we were all getting richer. In reality we were producing less and less of real value and simply borrowing from Asian countries to consume what they produced

Now the bubble has burst and as a society we face a long slow road to repay what we have spent. Yes there will be fewer bankers and lower bonuses and less tax to redistribute but it doesn't have to be the end of the world, we simply need to consume less and produce more of the things that other people will pay for (financial services included)

Pop down to the city of London and then accross to Canary Wharf and look at all the expensive tall buildings holding banks and bankers . Then pop down to a factory that produces a product that has a value and can be sold and used by a customer.

Compare the difference in the type of building each is housed in and then compare the profits of both.

The banks earn far more have lavish buildings yet produce no tangable product ( something you say we need more of ) . Many of their products are invented and they skim off from those producing . Yes there is a place and a need for them but it should be secondary not primary they are a service that is attached to an economy and should be treated as such . The problem is the way things have been allowed to happen the tail ( banks ) have been wagging the dog it should be the other way around.

When the factory goes bust it closes down , when the banks go bust the tax payer bails them out and they keep paying themselves massive amounts of money .

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Look at before globalisation, when the unions were willing to wreck the country/company for the benefit of their members above all others. Bankers are no different from any sector of a human society.

It comes down to Democracy and the failure of humans as individuals and societies to look long term. Do you really think that a government would have ever been elected that told the British people the truth about their position in the world from 1980 onwards? Told them that the world did not owe UK plc a living, and no, they could NOT have easy credit, a welfare state that looked after their sick grannie and babies for free, nice cheap white goods etc etc? That they were actually going to have to work their socks off and the majority would remain like their grandparents, not rich and working from cradle to grave?

Because that would have been the only way to stop the credit bubble from arising. Bankers and Banks are there to make money for shareholders (and themselves). Politicians are there to get elected.

I blame the politicans first for being hypocrites

I blame the regulators for not having a backbone

I blame the people most of all for being stupid (and I include myself in that until about 2005)

I do NOT blame the bankers, except those that lied to clients/investors (about subprime, for example). You might as well blame a shark for biting.

my only solution would be that voting is restricted to those that a) pay tax or B) have a set level of academic qualifications or c) have served in the armed forces (after Heinlein). I don't think we will see either in my lifetime.

:angry:

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Look at before globalisation, when the unions were willing to wreck the country/company for the benefit of their members above all others. Bankers are no different from any sector of a human society.

It comes down to Democracy and the failure of humans as individuals and societies to look long term. Do you really think that a government would have ever been elected that told the British people the truth about their position in the world from 1980 onwards? Told them that the world did not owe UK plc a living, and no, they could NOT have easy credit, a welfare state that looked after their sick grannie and babies for free, nice cheap white goods etc etc? That they were actually going to have to work their socks off and the majority would remain like their grandparents, not rich and working from cradle to grave?

Because that would have been the only way to stop the credit bubble from arising. Bankers and Banks are there to make money for shareholders (and themselves). Politicians are there to get elected.

I blame the politicans first for being hypocrites

I blame the regulators for not having a backbone

I blame the people most of all for being stupid (and I include myself in that until about 2005)

I do NOT blame the bankers, except those that lied to clients/investors (about subprime, for example). You might as well blame a shark for biting.

my only solution would be that voting is restricted to those that a) pay tax or B) have a set level of academic qualifications or c) have served in the armed forces (after Heinlein). I don't think we will see either in my lifetime.

:angry:

This won't work and isn't fair even if it did. Taking another's rights away, because they don't agree with your perspective is not morally acceptable.

I agree with much of your post though, just not your solution. If you want a genuine solution it is rejecting the state from your life. Peacefully seceding from the state and rejecting its taxation, its debt and its services (unless paid for directly) is the only logical conclusion. We didn't sign any contract to become part of it and they have no right to stop you opting out of it.

People just need to realise that what the state is providing isn't good value and it doesn't serve the requests of the people. Even if it could, it majority rule may leave a large minority disenfranchised.

If you doubt this, you only need to look at the government's obsession with GDP. This seemingly innocuous measurement is all about productivity - your productivity. If GDP drops due to people working less hard, they use the metaphorical whip (ie. stimulus). This is the action of a factory owner or the slave driver. What is wrong with choosing to do less? If you choose to, what right has the government to borrow more against you, then tax you, to extract more labour from you?

The whole system is upside down and it needs to be rejected. Anyone can do this, especially if you know like minded people to improve your ability self sufficient, should the government refuse direct payment (rather than via taxation) access to services you need. No blood on the streets needs to be shed this way, unless the state refuses your right to secede and thus moves in to violate you (which would show the state's true violent nature anyway). If many people do this, others will follow and the state and it's apparatus will become irrelevant and will whither on the vine.

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I do NOT blame the bankers, except those that lied to clients/investors (about subprime, for example). You might as well blame a shark for biting.

They all lied - all banking is fraud.

And they have free will, they didn't have to work in banking, they could have gone to mcdonalds or bummed for change in a subway so the idea that they aren't responsible can piss up a rope as well.

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I blame the politicans first for being hypocrites

I blame the regulators for not having a backbone

I blame the people most of all for being stupid (and I include myself in that until about 2005)

I do NOT blame the bankers, except those that lied to clients/investors (about subprime, for example). You might as well blame a shark for biting.

my only solution would be that voting is restricted to those that a) pay tax or B) have a set level of academic qualifications or c) have served in the armed forces (after Heinlein). I don't think we will see either in my lifetime.

:angry:

Agreed.

I'd group politicians and regulators together. They have something in common with bankers in that they cannot conceive of giving voters/customers a less easy option of home truths/more difficult credit when there is nothing stopping them continuing to propagate an illusion of prosperity.

How to stop this though? Restricting the franchise has an appeal, but would have to be done with a bill of rights. Longer parliaments. Reining in a media which promotes a dumb and greedy common denominator which focus groups obsess over. I particularly hate "voluntary codes"; it should be enshrined in law that if these don't work, and they never do, then legislation comes in pronto with no further debate.

What worries me is that if we really are that stupid then there is no hope and we're on the road to dictatorship. Things like how we all apparently went gaga for a mooted Tory inheritance tax cut in 2008 and how we're all supposedly skint but Sky keeps growing, deeply bother me.

We need a new political party or the Greens to develop a hard edge. I like Ed Miliband's thinking as he's tentatively floating some good ideas, but I've no confidence they'll ever develop into Labour policy let alone government. In any case we prefer our PMs posh and pretty public school types because we lap up X-Factor tosh.

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Bankers as individuals are not the the problem- Banking is- the entire edifice of shadow banking derivative bullshite has manufactured more claims on wealth than can ever be repaid- this is not simply a matter of a debt hangover- the system is bust- this is the reality that the bankers and their political stooges are trying to deny.

What we see going on at present is the wholesale transfer of wealth from the population at large to a small group of gamblers who refuse to accept that they have lost money and so insist that everyone else pays them back.

For thirty years these c*nts shoved capitalism down our throats- justifying their enrichment by bleating on about 'competition' and 'globlal markets'- and if your job happened to be outsourced you were told to take it like man and accept the inevitable march of the globalised free market.

And then when it all goes wrong in 2008- when it's suddenly their turn to lose in the capitalist game they all start screaming like little girls and demanding bail outs- no more talk of the primacy of the market for these guys.

So they now say f*ck your hospitals and schools and jobs- we want our f*cking money back- and if we don't get our f*ucking money back we will crash the system.

That is what we are dealing with here. So we either roll over and give these people what they want- which is everything we've got- or we do something about it. Making excuses for their extortion is not the answer.

Sorry, but you have absolutely no idea how anything works in the real world.

Rounding up the rich, including bankers and taking everything from them has been tried

over and over and over and over and over and over ................................

And every time it has been tried it has ended in complete economic failure and tyranny.

Even the experiment of watered down Socialism which has been tried both here and in Europe and America has failed miserably

Tax the rich to provide a safety net and after a few years half the population is throwing itself into the net bankrupting the state.

Sure Fred Goodwin getting a few million quid is annoying, but what has destroyed our economy is 8 MILLION people who are economically inactive.

What broke capitalism was the greed of politicians and ordinary people - Greece and Ireland being perfect examples of this

:blink:

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Rounding up the rich, including bankers and taking everything from them has been tried

Taking stolen property back is a fundamental neccessity for markets to function, eliminating fraud also is. Blaming people on benefits for the largest heist in history is crack smokingly, pants on head retarded. The bankers have stolen the wealth of nations and it needs to be taken back.

;):rolleyes::blink: etc

Edited by Injin
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Sorry, but you have absolutely no idea how anything works in the real world.

Rounding up the rich, including bankers and taking everything from them has been tried

over and over and over and over and over and over ................................

And every time it has been tried it has ended in complete economic failure and tyranny.

Even the experiment of watered down Socialism which has been tried both here and in Europe and America has failed miserably

Tax the rich to provide a safety net and after a few years half the population is throwing itself into the net bankrupting the state.

Sure Fred Goodwin getting a few million quid is annoying, but what has destroyed our economy is 8 MILLION people who are economically inactive.

What broke capitalism was the greed of politicians and ordinary people - Greece and Ireland being perfect examples of this

You seem confused as to what is actually going on here. In that real world it is not the bankers bailing out the ordinary people- it is the taxes paid by those ordinary people being used to bail out the bankers.

Now either the bankers were utterly incompetent and had no clue how to assess the risks they were taking- or- they knew the risks but the bonus's on offer meant they did not give a sh*t. Either way they are responsible for the mess they are in.

I have no problem with genuine wealth creators getting rich, but lets at least be honest enough to recognise that banking is out of control and needs to be seriously cleaned up and cut back- before the masters of the universe drag us under completely.

Edited by wonderpup
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  • 440 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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