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Europe’S Rich 'could Face Uprising Similar To Peasants' Revolt'

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Mainstream banksters and meeja catches on to something we have been talking about for some time on here.

Europe’s rich Baby Boomers are behaving like the nobility in the Peasants’ Revolt, and could face an uprising by the younger generation if the situation doesn’t change, HSBC’s chief economist has warned.

http://www.telegraph.co.uk/finance/economics/10170101/Europes-rich-could-face-uprising-similar-to-Peasants-Revolt.html

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Mainstream banksters and meeja catches on to something we have been talking about for some time on here.

http://www.telegraph.co.uk/finance/economics/10170101/Europes-rich-could-face-uprising-similar-to-Peasants-Revolt.html

More likely that the peasants will just stop contributing -- e.g. 65% youth unemployment in Greece...

Bad luck for your pension, if you have skin in that game.

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HSBC’s chief economist has warned.

Good place to start.............

Raise his taxes, slash his wages and benefits

Raise wages 50% for the bottom quintile.

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Although many of us have indeed expressed concerns about the growing tensions that are being precipitated by a growing wealth disparity between various social sectors, I'm not sure Stephen King's analogy with the Peasants' Revolt of 1381 is a particularly good one.

The Telegraph article says (my emphasis):

"Stephen King warned that the widening wealth gap and sense

of “entitlement” between older generations and cash-strapped

youths had echoes of the conditions which led to the 1381

uprising of British peasants against the aristocrats who ruled

them.

"Then, the country had just been savaged by the plague, which

robbed farmers of their workforces as well as their loved ones

by killing an estimated 1.5m people. However, the wealthy ruling

classes refused to modify their behaviour, leaving the poorer farm

workers to bear the brunt of the economic downturn."

This seems to me a mischaracterisation of the social conditions in the aftermath of the Black Death, which peaked around the middle of the 14th century. The population loss was so dramatic that it led to a surplus of land and a severe shortage of labour, driving up wages and enabling your average peasant to make the sort of demands that would have been unthinkable a few decades before. The hoi polloi could even afford goods that were normally only within reach of the top tier of society.

It was the reaction of the ruling class to this that caused so much anger and resentment. Laws were passed to fix wages and restrict worker mobility, and there were even sumptuary (consumption) laws too, e.g. the Statute Concerning Diet and Apparel 1363 which according to Wiki:

"...detailed the style of dress that people of each class were allowed to wear.

It was created to tackle a burgeoning trend for the lower classes to wear similar

fashion to the elite. This was triggered by the sudden rise in personal wealth that

followed the Black Death, caused by the consolidation of property following the drop

in population and the considerable rises in wages which liberated many previously

bonded labourers."

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The young seem a bit too dopey to ever vote for anything in their own interests. They just seem to blindly accept house sharing for years in crappy parts of town at eye watering rents whilst working long hours for very low pay.

The boomers on the other hand have no such qualms and will happily screw the next lot completely even if it only increases their lifestyle a little (for example NIMBYism).

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This seems to me a mischaracterisation of the social conditions in the aftermath of the Black Death, which peaked around the middle of the 14th century. The population loss was so dramatic that it led to a surplus of land and a severe shortage of labour, driving up wages and enabling your average peasant to make the sort of demands that would have been unthinkable a few decades before. The hoi polloi could even afford goods that were normally only within reach of the top tier of society.

So more like the 1950s than the 2010s ....

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Classic divide and conquer.

Banksters trying to deflect from themselves by claiming the conflict is between baby boomers and younger people rather than between the 0.01% and the rest of the population.

---

Edited by The Eagle

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"Stephen King warned that the widening wealth gap and sense

of “entitlement” between older generations and cash-strapped

youths rich and poor, old or young had echoes of the conditions which led to the 1381

uprising of British peasants against the aristocrats who ruled

them.

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Classic divide and conquer.

Banksters trying to deflect from themselves by claiming the conflict is between baby boomers and younger people rather than between the 0.01% and the rest of the population.

Can't you have more than one conflict going on? A lot of boomers were happy to save the banks as they want to maintain the status quo. Why would they want things to change if they are also benefiting from the situation.

If the banks were to completely go bust who would suffer the most? The penniless youngsters or boomers with massive savings and pensions?

Edited to add that it's a similar situation in Greece where the old voted to stay in the EU and keep trying to pay their benefits and pensions whilst the young voted for a reset.

Edited by Mr Jib Fingers

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This seems to me a mischaracterisation of the social conditions in the aftermath of the Black Death, which peaked around the middle of the 14th century. The population loss was so dramatic that it led to a surplus of land and a severe shortage of labour, driving up wages and enabling your average peasant to make the sort of demands that would have been unthinkable a few decades before. The hoi polloi could even afford goods that were normally only within reach of the top tier of society.

Which is why the boomer politicians want to expand the population with open borders......cheap labour, expensive assets, a reverse of this. Blair was a lot better at his covert plans than the Tories......nothing like playing the racist card to get the young turkeys to vote for Christmas and more immigration.

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Classic divide and conquer.

Banksters trying to deflect from themselves by claiming the conflict is between baby boomers and younger people rather than between the 0.01% and the rest of the population.

---

You are far too astute for this forum . I would also add Politicians to the buck passers.

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You are far too astute for this forum . I would also add Politicians to the buck passers.

Though the banks balance sheets are indeed scarily leveraged and are significant; the actual personal wealth of the 0.01% is insignificant compared to that of the possessed boomer generation, of which I am one. Even if you dispossessed the banksters of all their personal wealth it would barely keep the country going for a few days. Meanwhile the millions of boomers with assets approaching or over the million mark are significant in the distribution of the Nation's wealth.

Sorry but the banksters are an insignificant diversion to where the wealth of this country really lies, a fortunate generation of boomers like me.

Edited by crashmonitor

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Although many of us have indeed expressed concerns about the growing tensions that are being precipitated by a growing wealth disparity between various social sectors, I'm not sure Stephen King's analogy with the Peasants' Revolt of 1381 is a particularly good one.

The Telegraph article says (my emphasis):

Yes, it was attempt to remove the freedom and properties of the hoi polloi gained after the Black Death that led the the Peasant revolution.

http://en.wikipedia.org/wiki/Peasants%27_Revolt

perhaps it would be more aptly compared to EU Bureaucrat attempting to restrict our freedoms..

Edited by easy2012

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You are far too astute for this forum . I would also add Politicians to the buck passers.

The politicians and media are just whores. When the time comes and the peasants are stringing up the super rich, the politicians and media psychopaths will swap sides quicker than a whippet with a bum full of dynamite.

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Though the banks balance sheets are indeed scarily leveraged and are significant; the actual personal wealth of the 0.01% is insignificant compared to that of the possessed boomer generation, of which I am one. Even if you dispossessed the banksters of all their personal wealth it would barely keep the country going for a few days. Meanwhile the millions of boomers with assets approaching or over the million mark are significant in the distribution of the Nation's wealth.

Sorry but the banksters are an insignificant diversion to where the wealth of this country really lies, a fortunate generation of boomers like me.

you could strip the wealthy of their assets, and if you did nothing else, the system would collapse.

However, People make economies, not pieces of paper, and people would carry on regardless, some would lose their wealth sapping entitlements, but overall, the thing would carry on.

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The politicians and media are just whores. When the time comes and the peasants are stringing up the super rich, the politicians and media psychopaths will swap sides quicker than a whippet with a bum full of dynamite.

not before they have condemned them as terrists, and appluaded laws to stop it all happening...120,000 police just wont cut the mustard.

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you could strip the wealthy of their assets, and if you did nothing else, the system would collapse.

However, People make economies, not pieces of paper, and people would carry on regardless, some would lose their wealth sapping entitlements, but overall, the thing would carry on.

The great wars.....No1 37 million died, No2 60million died......Spanish flu pandemic 500 million died, we reset and recovered.

http://en.wikipedia.org/wiki/1918_flu_pandemic

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The great wars.....No1 37 million died, No2 60million died......Spanish flu pandemic 500 million died, we reset and recovered.

http://en.wikipedia.org/wiki/1918_flu_pandemic

From your link:

"It infected 500 million people across the world... and killed 50 to 100 million of them"

Interestingly:

"The strong immune reactions of young adults ravaged the body, whereas the weaker immune systems of children and middle-aged adults resulted in fewer deaths among those groups".

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Must remember the next time I'm in Shoreditch or South Bank, with all those young hipsters spending £10 on a hamburger, £12 on a Pimms and playing on their latest iPhone, that they're the ones hardest hit... or not as the case may be.

I don't think the Zuckerbergs of this world have been hard done by at all. As ever it's a class/control thing.

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Though the banks balance sheets are indeed scarily leveraged and are significant; the actual personal wealth of the 0.01% is insignificant compared to that of the possessed boomer generation, of which I am one. Even if you dispossessed the banksters of all their personal wealth it would barely keep the country going for a few days. Meanwhile the millions of boomers with assets approaching or over the million mark are significant in the distribution of the Nation's wealth.

Sorry but the banksters are an insignificant diversion to where the wealth of this country really lies, a fortunate generation of boomers like me.

So you're saying it's the Boomers fault for having £1 million houses, not the Bankers or Politicians who created the problem?

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From your link:

"It infected 500 million people across the world... and killed 50 to 100 million of them"

Interestingly:

"The strong immune reactions of young adults ravaged the body, whereas the weaker immune systems of children and middle-aged adults resulted in fewer deaths among those groups".

Only testing.....but only takes nature or a stroke of fate to wipe out a large proportion of the world population, the reality is no one however wealthy, strong or powerful can overcome certain outcomes.....the same as when like you, you find out the truth through bothering to do research become the majority that can see the minority get the majority of the prizes without having to put reciprocal like for like effort in to obtain it and/or sharing it then said action is taken. ;)

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So you're saying it's the Boomers fault for having £1 million houses, not the Bankers or Politicians who created the problemdebt required?

corrected

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Classic divide and conquer.

Banksters trying to deflect from themselves by claiming the conflict is between baby boomers and younger people rather than between the 0.01% and the rest of the population.

---

Exactly.

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  • 238 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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