Winter of Discontent...

A._Badger

MegaMiniMouse wrote: »

Bollox - it was the government who handed over billions of yours and mine, with no requirement to repay.

Wake up you guys!

Back under your bridge, troll. I can't be bothered to play, either.

StevieJ

MegaMiniMouse wrote: »

It surprises me that the majority opinion on this forum seems to be that it is the people who need to borrow who have the power to bring the country's economy to it's knees.

Power goes with Wealth - it always has done and it always will

That means The Banks ....

The present situation was brought about firstly by the banks' reckless and incompetent business practices, and secondly by their ability to hold the rest of us to ransom - the banks retain their stranglehold on the country's wealth

MMM

MegaMiniMouse

A._Badger wrote: »

Back under your bridge, troll. I can't be bothered to play, either.

C u on Punternet maybe!

Nite Nite

xx

marklv

MegaMiniMouse wrote: »

The Meeja are getting v excited about the prospect of massive civic unrest and I really hope they are right

But I fear that the unrest may be misdirected

Why is nobody blaming the bankers for our present woes? (Gordon Brown was infinitely less reckless/incompetent than the banks)

The Unite union occasionally mentions the banks, but Vince Cable has gone silent

The problem for the unions is that these days, most of their members are mortgage-payers rather than council tenants

If we are to take action to prevent the coming meltdown of 'life as we know it', then strike action against employers will probably exacerbate the situation

We should find a way to force the banks to 'make good' on the disaster which they have brought upon us all

I think the banks should be required to produce sufficient funds to restore the quality of life which their recent history has come close to destroying

If action is needed to bring that about, then the answer is for all of us to withhold our mortgage payments until we force them into submission

This is intended to begin a 'serious' debate - the enemy of the working class is no longer the employer or the government, but the banking 'system'

MMM

The Tory right is hysterically trying to persuade Cameron to have a snap Autumn election before the !!!!!! really hits the fan. This time next year the Tories won't be riding so high in the polls and Labour will have firm leadership under one of the Milibands. Infact, once the full programme of budget cuts become apparent, the public sector unions will effectively declare war on the government and then we will have an endless series of strikes. Unlike in the days of Thatcher, these will mostly be 'white collar' strikes, and the repercussions will be much more severe than in the days of Scargill.

As for the banks, noone will act against them. The bankers own the Western world - they cannot be told what to do. They controlled Napoleon, Hitler, Lenin, the British Empire at its height, etc. All the wars and revolutions fought since the 18th century have been controlled by the top elite of bankers (Rothschild et al). To eliminate the bankers would require a global upheaval of massive proportions - it can't happen.

MegaMiniMouse

marklv wrote: »

The Tory right is hysterically trying to persuade Cameron to have a snap Autumn election before the !!!!!! really hits the fan. This time next year the Tories won't be riding so high in the polls and Labour will have firm leadership under one of the Milibands. Infact, once the full programme of budget cuts become apparent, the public sector unions will effectively declare war on the government and then we will have an endless series of strikes. Unlike in the days of Thatcher, these will mostly be 'white collar' strikes, and the repercussions will be much more severe than in the days of Scargill.

As for the banks, noone will act against them. The bankers own the Western world - they cannot be told what to do. They controlled Napoleon, Hitler, Lenin, the British Empire at its height, etc. All the wars and revolutions fought since the 18th century have been controlled by the top elite of bankers (Rothschild et al). To eliminate the bankers would require a global upheaval of massive proportions - it can't happen.

O bogger, that isn't what I wanted to hear!

Do you think my bus pass is safe?

MMM

ps I wasn't thinking of 'eliminating' the banks, just make them pay for the damage they have done

headcone

"so if somebody owes £100k suddenly they owe nothing and are a whole lot richer than they were"

I`m sure you mean a whole lot less poor?

Unlike Applegarth who was one of the conductors of the get rich quick orchestras but still managed to scum away with a personal fortune.

You Capitalist/Tory sheep never cease to amaze me.

bigheadxx

headcone wrote: »

"so if somebody owes £100k suddenly they owe nothing and are a whole lot richer than they were"

I`m sure you mean a whole lot less poor?

Unlike Applegarth who was one of the conductors of the get rich quick orchestras but still managed to scum away with a personal fortune.

You Capitalist/Tory sheep never cease to amaze me.

So if the money the banks owed was written off, would they be "a whole lot richer " or " a whole lot less poor"?

MegaMiniMouse

My original point in starting this thread was that the single biggest component in the budget deficit is the massive bank bail out.

My suggestion was that taking the conventional kind of 'industrial/strike action' as a protest at the government cuts would be pointless and irrelevant.

I suggested that action should be taken directly against the banks, because they have walked away from the devastation they caused, and are again making massive profits whilst the rest of us are only just beginning to feel the long term effects of their failures.

If we were all of us to withhold our mortgage payments until the banks came up with a serious proposal to repair some of the financial damage they have caused, then we would have demonstrated that 'people power' exists, and we do not simply have to obediently pay the price of other peoples recklessness and incompetence!

I understand that this will never happen, but it's a very nice fantasy!

MMM

StevieJ

MegaMiniMouse wrote: »

My original point in starting this thread was that the single biggest component in the budget deficit is the massive bank bail out.
sy!

MMM

I don't think that was true, I am still expecting the Govt to make money on the deal.

HAMISH_MCTAVISH

MegaMiniMouse wrote: »

My original point in starting this thread was that the single biggest component in the budget deficit is the massive bank bail out.

The vast majority of funds used to directly bail out banks will be recovered. The UK government received equity in the banks, and is receiving interest payments on loans/funding made available through the special liquidity scheme, etc.

The BoE has even made a profit on QE, which will revert to the Treasury.

The bulk of the deficit and debt exists because Labour overspent for a decade on services and public sector employment that the country cannot afford.