Yellow jacket freedom fighters spreading to London

antrobus

HappyHarry wrote: »

Silly question, but how does it help anyone if the banks collapse?

It's all explained here.
http://www.roadtoroota.com/public/190.cfm

It will lead to the collapse of the fiat monetary system, all paper/electronic debt and assets will evaporate. The US will issue a new gold backed currency, allocating it according to future social security payments due, and to support the funding of schools, police, health care, infrastructure and other necessities for a fully functioning society. Globalization will end, etc, etc, ushering in a glorious new "Golden Age".

It is of course, a load of complete and utter b0ll0x of the highest order. Bix Weir is either (a) crazier than a box of frogs on acid, or (b) knows quite well it's a load of complete and utter b0ll0x, and is simply chuckling away to himself as he counts the USD he gets from all those Youtube views.

antrobus

zagubov wrote: »

A long time ago I was in Liverpool and I stumbled across this book in a second hand bookstore. Written during the Great Depression, it proposed that the government should print banknotes equivalent to all money in the economy and require banks to store them in vaults.

...

Nowadays, that would mean printing over £2 trillion's worth of banknotes. That's a lot of paper. You'd need a lot of very big bank vaults.

So much less effort and cost is involved in quantitative easing.:)

John_G_Jones

antrobus wrote: »

Oh come on! You know full well that the poster in question has no idea what an investment bank does. Or a retail bank for that matter. Or anything at all even vaguely financial.:)

I wonder if he writes letters to Mercedes F1 in green ink explaining why their wing looks wrong.

It’s just bizarre, someone demonstrating utter ignorance of the financial system thinking that other people who don’t understand it will bring it down.

zagubov

antrobus wrote: »

Nowadays, that would mean printing over £2 trillion's worth of banknotes. That's a lot of paper. You'd need a lot of very big bank vaults.

So much less effort and cost is involved in quantitative easing.:)

It's been suggested before that one answer to climate change would be to irrigate some desert area then plant a forest and bury it underground to sequester its carbon.

Maybe we should sequester it as banknotes in vaults instead?;)

AG47

spencer999 wrote: »

is this the elephant in the room? Yes housing supply is low. But demand skyrocketed with open borders. It's not racism to point it out, it's numbers. They all have to live somewhere. It's economics for year 10.

Of course there is that theory that the fat cat gubbermint is conspiring against you....

Once again, in every slum in the world there is much greater demand than supply. People simply have to live somewhere.

It doesn't matter how many people want or even need to live in property, all that matters is how many can raise funds

AG47

Moe_The_Bartender wrote: »

I'm not trying to bring anything down. But you can't make a run on investment banks. They are a completely different animal.

Pg and e are on deep doodu

Filing for bankruptcy as we speak

Duechter bank had significant derivatives with pg and e.

Can the market take this hit, will they get bailed out or a bail in?

kabayiri

Malthusian wrote: »

Then they would be required to leave. Fire safety regulations.

If they didn't the police would remove them.

Why would well dressed people waste their time doing that anyway?

I'm just musing on the nature of protests, and what makes them effective.

Sometimes, numbers matter, and I'm not convinced that authorities can deal with sheer numbers.

An example. The EU has borders with non-EU countries, and if a handful of migrants turn up you expect the normal checks to be made.

But...when we saw 1,000 -> 10,000 -> 100,000+ flood through in 2015, then the sheer volume overwhelms and those checks become practically non-existent.

John_G_Jones

AG47 wrote: »

Pg and e are on deep doodu

Filing for bankruptcy as we speak

Duechter bank had significant derivatives with pg and e.

Can the market take this hit, will they get bailed out or a bail in?

What hit? They are collateralised, and how do you know whose deals had a positive mark?

This is like when I try to teach my toddler son about particle physics, with the main difference being that one day I think he’ll understand.

calicocat

kabayiri wrote: »

I'm just musing on the nature of protests, and what makes them effective.

Sometimes, numbers matter, and I'm not convinced that authorities can deal with sheer numbers.

An example. The EU has borders with non-EU countries, and if a handful of migrants turn up you expect the normal checks to be made.

But...when we saw 1,000 -> 10,000 -> 100,000+ flood through in 2015, then the sheer volume overwhelms and those checks become practically non-existent.

They aren’t effective in Britain, even if the numbers are there at the start they dwindle as we just are no good as a nation at protest. We stand in line, get at the back of the line to be polite. We are not a nation that shouts and screams arms falling and angry. We would probably see our best mate set on fire at the stake whilst we chat about it somewhere else before doing anything .

something as a nation as a whole would be inconceivable. Very annoying I find and sad.

Britons sit back and moan in their own lounge or the pub. They do nothing, no real marches, no real protests worth talking about, we just let it all happen.......then moan constantly, without even the balls to say we tried as an individual .

So, we never get the numbers to do the job.

David_Evans

The key thing to watch with these protests is which side the police / security forces take.
They will always decide the balance of power.

I heard one report a while back that the French police had ''taken off their helmets in a gesture of solidarity with the Yellow Vest protesters''. But that doesn't seem to be true.

The police stayed loyal to the Greek Govt - even when the cash machines stopped working.

This is why successful govts always keep enough gold to pay their security forces. Hence the current fuss about the British keeping Venezula's gold.