Monday, October 17, 2011

Protestor does us a favour

Occupy London: Protests continue for third day

Listen to the video of the protesting mask wearer. She is bemoaning the cost of everything but includes the comment "Mortgage rates have to come down", before mentioning that "we can't even afford our own homes". Besides her lack of understanding that mortgage rates are very low currently, she does illustrate the problems caused by high house prices nicely.

Posted by thebulltrap @ 03:54 PM (2090 views)
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18 thoughts on “Protestor does us a favour

  • Perhaps she meant house prices when she said mortgage rates. That’s how I’m reading it.

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  • If she spent more time at work rather than protesting she might be able to afford her own home.

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  • Yes, how dare she get ideas above her station. She should be happy to be a slave and not bother the rest of us.

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  • 4. titaniccaptain

    One healthy meal a day is all that is required. That goes for you also flash.

    You may get your appetite back for an activity that will promote further wait loss, it’s all win, win.

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  • It doesn’t matter if these people understand the detail of the issues. They are aggrieved. That is a good start. Better is if they are prepared to take a kicking from the cops and ready to come back very hard indeed. But “Good” would be if in addition, they were rigorously organised, militant and well led by people who DO understand where to push. When I say “led I don’t mean by some dick who wants the attention, but by a group who can direct effectively.

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  • general congreve says:

    Shame they interviewed her, not very articulate. Reminds me of the Sean Penn scene in Team America, where his puppet has a rant about, “The corporations, being all corporatie”.

    Liked ‘bail out bonus’ guy though, who we saw briefly in the clip.

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  • Skeptical First Time Buyer says:

    Actually Occupy (globally) is organised and there are members that have a lot of understanding of what’s going on. Particularly in the US. Some of them have been carrying Max Keiser plackards, and demanding re-instroduction of glass steagal act, and prosecutions for banking fraud such as liar lones that helped cause the housing bubble.

    You will see this get bigger along with coherent global demands of our financial system, and a reduction of that systems interference in national political processes

    The men on the street take their cue from the internet, but there are organisers, and thinkers.

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  • general congreve says:

    @5 – Liked first guy, Metropolitan Police guy used the dividing beans up on the plate thing again, is this something they’ve choreographed? Are people actually doing that yet?

    Blue-faced guy is painfully upper-middle class, if not upper class, and is obviously stoned out of his face! But at least he gave me a laugh and seems well intentioned in his own hippie-ish way.

    Seems most of the anger is focused at the banks and the government for bailing them out. I agree that it is a farce the tax payer bailed out the banks and yet no one is jailed and the rest didn’t get their bonuses stripped, on top of getting ball-busting pay cuts. However, the banks are only the tip of the iceberg. I think most of these protesters are essentially socialists who think that not only, and rightly so, should the bankers be punished, but that big government can ride to the rescue and everything will be ok. Little do they realise that the rest of the hulking great iceberg is a mountain of unpayable sovereign debt that has largely been accrued due to populist policies over the last decades, especially during Labour’s last tenure.

    I think that ultimately they will get their wish to see the banksters ruined, but it’ll be bitter sweet, because they’ll be going down with the ship too, as we all will.

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  • And every one of them is privileged as they can spend a Monday t*ssing it off on a protest, not one of them has any idea of the real world where people have to work in order to survive.

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  • cornishtinmine says:

    I used to regard myself as centre in politics, but I’m finding myself becoming more and more socialist, as the policy of high inflation and low interest rates is widening the gap between the rich and poor… most wealthy people have absolutely no idea how much some people are currently struggling to make ends meet – the Government needs to increase the tax threshold to £10k ASAP and fund it by providing additional Council Tax banding for high value property… (I suppose that is effectively a “mansion tax”)

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  • mr g I believe the current youth unemployment is over 1 million, and as only a few hundred of them were at the LSE, where do you think the rest of them were? Just to give you another bone to chew:0)

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  • mark wadsworth says:

    Mr G, the past is another country. If you’re old enough, you’ll have been young at a time when there were apprenticeships, more or less full employment, when there was lots of new construction and a corresponding rapid rise in the level of owner-occupation, a small banking system and Domestic Rates (or even Schedule A) on owner-occupied housing, which all helped to keep house prices down to roughly three or four times the price of a new car.

    Things ARE different now, in many ways they are worse, the fact that we have nice gadgets like iPhones and computers and flat screen tellies hardly makes up for it, and the fact that you can’t smoke in the pub any more etc.

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  • general congreve says:

    @10 – I know, these 14 hour days in the city don’t leave me any time to protest.

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  • general congreve says:

    @11 – I think you’ll find that it is socialism that has got us into this mess, it’s just that the banking part has been socialism for the rich. Taking from collective society and giving it to what are effectively state-run enterprises paying their staff obscene wages with the peoples money.

    Couple that with the typical socialist redistribution of wealth, so a couple with kids on 12k a year get around the equivalent income of a similar couple who take home 34k a year (this is happening via tax credits), thereby destroying the incentive to work and ramping up unpayable deficits in the process, it is plain to see socialism is the problem.

    Between the bottom 49% and the top 1% leeching of the productive sector, the middle class are being destroyed, which in turn destroys wealth generation, innovation and to potential for a vibrant economy that will grow, lifting the fortunes of all its citizens with it.

    What is needed is free markets, where failure is not rewarded with tax payer loot, but punished by FAILURE, coupled with decent regulation to stop corporate abuses of power, and no more free houses for teenage mums (go back to mum and dad – you’re they’re responsibility – not everyone else’s) and a small government, not a bigger more socialist government. Ideally it should be coupled with an end to fractional reserve banking and a return to sound money.

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  • mark wadsworth says:

    GC: “Couple that with the typical socialist redistribution of wealth, so a couple with kids on 12k a year get around the equivalent income of a similar couple who take home 34k a year (this is happening via tax credits)”

    The last time I checked, the marginal tax rate on such a family, taking welfare and tax credit withdrawal into account, was about 80% up to £40,000 a year. So to be fair, the family on £34k ends up £4,400 a year better off than the one on £12 🙂

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  • general congreve says:

    @16 – Is that with two or three kids? I read it was equivalent for a family of credits with 3 kids. Either way, 30k for one family member to go and work part time while the other stays at home, why the hell not?!

    I met one such couple, mum was a teaching assistant, dad was a stay at home dad with no intention of finding work. Was showing off his new iphone and talking about upgrading his ipad to an ipad2, his 10-year old daughter had his old blackberry because he and his wife were all iphoned up (this is all at your and your children’s expense of course – it’s all on the deficit tab). Seems our social safety net extends to making sure every family has access to social media too, not just food on the table.

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  • @GC
    Nice anecdote. You could sell those to tp the Daily Mail. Yawn.
    N

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  • Lack of understanding, really? Actual mortgage rates are very high, relative to BoE base rate, even before you add in any arrangement fees etc. to get your true effective rate. The spread between savings rates and loan rates is huge now, compared to pre-crash levels.

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