Amen....
Occupy London! Here we go again!
- Thread starter LateX'Dog
- Start date
Amen....
ok so scrap all laws and then people murder and steal from each other and society breaks down so that you can't sit in your nice warm office but you have to run and hide in the woods while you try to find what food you can.
Society works through rules, those rules need to be fair and sensible for all, not just a few elites.
Reckless behaviour of all kinds needs to be controlled in the best interests of society as a whole.
As regards the bond market and the current economic climate, don't be fooled by Cameron and Osbournes reassurances that the markets have faith in the UK deficit reduction. The UK is a safe haven for capital, not return because we have a printing press. The medium term risk is that they go too far with the printing press, the risk in the medium and long term is that growth is insufficient to reduce the deficit. If the former happens we get hyperinflation, if the latter we get violent deficit reduction forced upon us.
Interest rates and growth are low, some parts of the markets are looking for growth with risk (stock market) and some are looking for capital protection (bonds).
If any nation starts to look like defaulting, the bond markets will run a mile.
People seem to ignore the fact that if the corporations were not there then there would be no income tax, vat, NI, fuel tax, council tax, ... in fact that entire pie chart would get close to 0 if it weren't for the corporations.
Plenty of countries in the world that have zero or low % corporation tax to entice business. Switzerland does very well for itself and it have very low corporate tax, some cantons have zero corporation tax and are amongst the richest communes in the world.
Potentially making a massive loss if they can be sold at all.
RBS et al have over a trillion quids worth of illiquid assets and unknown liabilities due to CDSs.
There is no way these banks can survive in the open market and there is a very good chance the illiquid assets (read liabilities) will have to be added to the national debt.
Actually the politicians seem to realise that these banks are dead ducks and seem to be mulling the best way to contain their collapse.
Don't forget French and German banks, these are intertwined with UK banks and are looking more fragile every day.
Which no doubt will be spent on fighting more wars and go into private hands rather than restoring the current cuts to public services.
I really dislike all of these occupy protests, and the general idiotic hate for anyone in a position of power, calling them greedy bankers, or troughinh mp's, or whoever the papers tell you to hate next.
All of these people have a function in the world, and more often than not that function helps you, or the system that helps you (society perhaps?) For things to work, there has to be people at the top rung of the ladder, and they are accountable, can people not see the slow (sometimes fast) process that has been happening for the last 700 years or so? The transformation from various forms or dictatorship (monarcy, church) to what we have now, a proper democracy, which while not perfect is getting there (reckon you'd be allowed to protest back in the 1500's yeah?) and is still on the slow journey to hopeful perfection.
Sure, this financial mess needs sorting out, with more regulation from the Government (which is happening). The main thing holding the recession in place is consumer confidence, which will get better in time, then we'll have another boom and all these idiots will go home and hopefully shut the **** up.
Am I the only one fairly happy with the current state of affairs? I'm nowhere near the top of the pile, I earn around 20k before tax, which for me is plenty to live my life pretty much how I want, I can go about my life and I never see any actual effects of this recession, or the austerity measures, the main negative effects if anything are all of these idiot protesters and rioters.
So for me, I hope there isn't some sort of revolution, I hope this current problem is solved, our deficit is removed and business can carry on as usual.
All of these people have a function in the world, and more often than not that function helps you, or the system that helps you (society perhaps?) For things to work, there has to be people at the top rung of the ladder, and they are accountable, can people not see the slow (sometimes fast) process that has been happening for the last 700 years or so? The transformation from various forms or dictatorship (monarcy, church) to what we have now, a proper democracy, which while not perfect is getting there (reckon you'd be allowed to protest back in the 1500's yeah?) and is still on the slow journey to hopeful perfection.
Sure, this financial mess needs sorting out, with more regulation from the Government (which is happening). The main thing holding the recession in place is consumer confidence, which will get better in time, then we'll have another boom and all these idiots will go home and hopefully shut the **** up.
Am I the only one fairly happy with the current state of affairs? I'm nowhere near the top of the pile, I earn around 20k before tax, which for me is plenty to live my life pretty much how I want, I can go about my life and I never see any actual effects of this recession, or the austerity measures, the main negative effects if anything are all of these idiot protesters and rioters.
So for me, I hope there isn't some sort of revolution, I hope this current problem is solved, our deficit is removed and business can carry on as usual.
What an ignorant attitude.
I think you will find that over 2/3rds of employment and thus the tax benefits of that comes from SME's not corporations.
And Shoes' rant was talking about the financial and banking sector in particular, not just corporations as a whole, so the part where he implied they pay for all our infrastructure is even more wildly inaccurate.
Funnily enough, it was the financial sector itself blowing their own trumpet about how much they contribute, which when people analysed it out, was far less significant than they claimed
i walked past there around 8:40 am this morning , a few people were still camped out
Soldato
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You have issues, don't you?
Some good ideas:
1. An end to creating money out of thin air on computer screens and charging interest on it (fractional reserve lending).
2. An end to governments borrowing fresh-air money called ‘credit’ from private banks and the people paying interest on this ‘money’ that has never, does not and will never exist. Governments (and that concept must change radically) can create their own currency – interest free.
3. An end to private banks issuing non-existent money called ‘credit’ at all and thus creating ‘money’ as a debt from the very start.
4. An end to casinos like Wall Street and the City of London betting mercilessly on the financial and commodity markets with the lives of billions around the world.
5. An end to all professional lobby groups that earn their living and their clients’ living from corrupting the professionally corruptible – vast numbers of world politicians and the overwhelming majority on Capitol Hill.
6. An end to no-contract government in which mendacious politicians can promise the people they will do this and that to win their support and then do the very opposite after they have lied themselves into office (see Obama).
7. An end to the centralisation of power in all areas of our lives and a start to diversifying power to communities to decide their own lives and thus ensure there are too many points of decision making for any cabal to centrally control.
1. An end to creating money out of thin air on computer screens and charging interest on it (fractional reserve lending).
2. An end to governments borrowing fresh-air money called ‘credit’ from private banks and the people paying interest on this ‘money’ that has never, does not and will never exist. Governments (and that concept must change radically) can create their own currency – interest free.
3. An end to private banks issuing non-existent money called ‘credit’ at all and thus creating ‘money’ as a debt from the very start.
4. An end to casinos like Wall Street and the City of London betting mercilessly on the financial and commodity markets with the lives of billions around the world.
5. An end to all professional lobby groups that earn their living and their clients’ living from corrupting the professionally corruptible – vast numbers of world politicians and the overwhelming majority on Capitol Hill.
6. An end to no-contract government in which mendacious politicians can promise the people they will do this and that to win their support and then do the very opposite after they have lied themselves into office (see Obama).
7. An end to the centralisation of power in all areas of our lives and a start to diversifying power to communities to decide their own lives and thus ensure there are too many points of decision making for any cabal to centrally control.
Soldato
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Agreed. That move by Thatcher was so stupid it sets my teeth on edge. Now we have an artificially inflated housing market (thanks to demand from the lack of council house and stupid "get rich property developer bull****) and no council housing for those who cannot afford to buy or pay over inflated rent.
On the subject of banks and governments. I have one question: Why aren't they lending to small businesses to get the economy going? It's screwing us over.
I support this occupy movement. Funnily enough if you read the websites it's not full of hippies and jobless. Hey don't let that stop you living in your deluded world though.
I don't really see the need to differentiate between larger corporations and enterprises based on an arbitrary threshold. It is basic logic, without companies hiring employees then there is basically zero tax revenue. The fact that some companies become very successful and large means squat to me. And furthermore, many of the SMEs exist due to the large corporations, either directly or indirectly.
Corruption and tax evasion needs to be abolished but it is foolish to think large corporations or all bankers are corrupt, avoid taxes exploit the poor etc.
hmm, come on this is getting beyond silly, surely even the most right wing of know it alls must realise this is going way too far.
According to the telegraph we will have to contribute to the 2 trillion save the euro project fund as well via the IMF, this is money we simply cannot afford, it is time to say no more.
riiiiight - lets go back to the middle ages where usury was banned by religious law so no one could lend money - except for the jews
I'm sure growth wouldn't be affected at all by the removal of credit
I don't have an issue with segregating actual banking from the risk taking side - retail banks could and probably should be run like utility companies.
Ending the betting on commodities all together - that's as retarded as the previous points - you'll just introduce a lot more risk to any number of businesses who require the ability to hedge their exposure to various markets.
http://www.guardian.co.uk/business/blog/2011/oct/13/taxpayer-losses-rbs-lloyds-shares?newsfeed=true
Found the article I was reading... It's specifically for the lloyds and rbs shares but interesting none the less.
Found the article I was reading... It's specifically for the lloyds and rbs shares but interesting none the less.
No one has said that there aren't serious issues to be resolved
Associate
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Why aren't these socialist protesters calling for the end to the EU or the UN? Why are their goals just end capitalism? These people are living in a dream world, they just stand there shouting ' we're the 99%!! ' just so they can feel political while being led astray but marxist thugs.
This video pretty much shows the majority are still clueless
http://www.youtube.com/watch?v=-ed7wGctA1A&feature=youtu.be
" Obama saved this country "
This video pretty much shows the majority are still clueless
http://www.youtube.com/watch?v=-ed7wGctA1A&feature=youtu.be
" Obama saved this country "