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US 13.4 TRILLION DEBT

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Re: US 13.4 TRILLION DEBT

Post  Badboy on Sat 15 Oct - 12:17

THERE ARE SIMILIAR MOVEMENTS/DEMONSTRATIONS IN MELBOURNE,AUSTRALIA,PHILLIPINES,LOS ANGELES,SEATTLE ETC

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sat 15 Oct - 12:26

Badboy wrote:THERE ARE SIMILIAR MOVEMENTS/DEMONSTRATIONS IN MELBOURNE,AUSTRALIA,PHILLIPINES,LOS ANGELES,SEATTLE ETC

Hi Badboy, who would have thought that 16 people could have acheived such Worldwide support. I just hope when they camp outside the
Stock Exchange, British yobbos don"t start spoiling things by smashing Windows and throwing Paint etc, they are a disgrace to Britain.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sat 15 Oct - 22:15

Protesters around the World protested today against the excesses which have caused the Economic crisis. Protesters in London were
stopped by Police from camping outside the London Stock Exchange. The worst demo was in Italy where cars were set on fire. Protesters
marched in Asia against the Banks for their greed.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sat 15 Oct - 22:53

A few comments from the sky news report.

Posted by: John Paul on October 15, 2011 3:49 PM
I think that it is good that they demonstrate
and march.
Give them a glass of water.
But when they throw rocks they must
get bullets.


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Posted by: BdB on
October 15, 2011 3:33 PM
thank god for rt news...
its been going on
months and now it gets news-worthy..

lets see the government bail me out
when i can't pay my rent cos the tax on fuel means i can't travel the 20 miles
to work and back...

bet they don't.


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Posted by: Gaia-Logic on October 15, 2011 2:53 PM
@callumbm So you would rather have a society
where children die of curable diseases, where thousands block your path on the
street because they don't have homes, and where protests and violent uprising is
the last resort for social justice? What you're talking about is
Fascism.
These protests are against the widening gap between the insanely
wealthy and the rest of us. A person does not need £1bil to have a very
comfortable life. To suggest that they "deserve" that share of the wealth
because they "worked hard" is insane. These people don't work hard. They sit
behind a desk and gamble with our money, and when they loose they get our money
too!
These people lay claim to our natural resources, then sell it back to
us. These people operate machines that are systematically robbing us, like
parasites. These people don't understand anything but their worship of greed,
and it's going to end soon.


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Posted by: tbird722 on October 15, 2011 2:45 PM
A Bank will lend you an umbrella when its not
raining!

I for one, will be there to protest!


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Posted by: Gaia-Logic on October 15, 2011 2:42 PM
We have politicians behaving like members of an
"old boys club", sucking up to the media moguls, infiltration of Defense by
private wealthy elites, a banking system that has utterly failed and a
corporately controlled country. Why is anyone surprised that the people are
angry!?
In a true capitalist system failed businesses are allowed to fail. We
no longer have a capitalist system. It's actually closer to Fascism.
This is
just stage 1. Wait for the boycotts of banks and corporations tearing our
country apart. Wise investors should look at the morality of the corporations
they deal with now, while they have the chance. Be warned, if you support a
failed bank in your investments, you'll loose a lot of money when the public
votes with their wallets.
Watch Bank of America over the next month as
millions of people pull their money out. Now THAT'S true
democracy!


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Re: US 13.4 TRILLION DEBT

Post  Lioned on Sat 15 Oct - 23:05

Modern day 'Money' is only a figment of the imagination and an excuse to hide the real problems,in Global terms that is.Manufacturing,Commodities (inc Oil) and services is what counts.

Its a bit like Man Utd debt (which is huge) they can afford to service it,at the moment,and their 'Capital' value will always exceed it.

As with the USA,they can only go bust if someone can afford to knock them down !

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sat 15 Oct - 23:20

Lioned wrote:Modern day 'Money' is only a figment of the imagination and an excuse to hide the real problems,in Global terms that is.Manufacturing,Commodities (inc Oil) and services is what counts.

Its a bit like Man Utd debt (which is huge) they can afford to service it,at the moment,and their 'Capital' value will always exceed it.

As with the USA,they can only go bust if someone can afford to knock them down !

Hi Lioned,

the biggest insult is RBS and Lloyds , who owe Billions of pounds of taxpayers money investing with others in the purchase of a Construction
Company when nothing is being constructed.??????? Is there no Government watchdog monitoring these Banks to ensure they invest in the
right projects, did the Government, owning 70% try to halt the Bonuses?

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Re: US 13.4 TRILLION DEBT

Post  Lioned on Sat 15 Oct - 23:41

Does anyone understand this gobledygook !


"When QE was tried in 2009, the Bank of England overwhelmingly used it to buy gilts, while the US Federal Reserve purchased private sector assets (especially mortgage-backed securities of the sort that had blown up just before the crisis). The US form has come to be called “credit easing”, because its function was to intervene in specific credit markets – believed to be causing blockages in the monetary transmission mechanism arising from market failures – and reduce interest rates.

Credit easing was regarded as a failure in the US. So the “QE2” programme switched instead to the buying of government bonds, just like British QE. Oddly, many commentators are now urging that the Bank of England should go in the other direction, from gilts purchases to credit easing. Gilts purchases are a better form of QE than “credit easing” would be. In credit easing, the government inevitably ends up choosing to intervene in specific sectors or even purchasing the bonds of specific companies. This creates distortions in economic activity. Buying gilts increases the money stock in a much more economically neutral way. "

Very well paid people come up with stuff like this.The UK (Bank of England) recently injected £75 Billion extra 'paper money' into the economy,actually 'they' gave it to the Banks to do what they will with it.This follows the £200 Billion they printed a couple of years ago to apparently stave off the recession.

Wouldnt it be better to give everyone a tax break so we can go out and spend some money that we otherwise wouldnt have,thus kick starting the economy ? rather than give money to the Banks who have already proven themselves to be corrupt and incompetent ?

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Re: US 13.4 TRILLION DEBT

Post  Badboy on Sun 16 Oct - 0:27

I WAS THINKING ON THE QE THAT IT MIGHT BE BETTER IF THE BANKS GAVE ALL OF THEIR CUSTOMERS SOME MONEY,BECAUSE ITS THE CUSTOMERS/WORKING CLASSES WHO ARE LIKELY TO SPEND THE MONEY THAT WILL BOOST THE ECONOMY.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sun 16 Oct - 3:28

Trouble is Badboy, they havn"t got any money to give.!!!!!!! Now, with the Credit Agencies downgrading nearly all the Major Banks in Europe
and the U.S. some are moaning that these Agencies, such as Standard and Poors, Fitch and Moodys are self appointed and making the situation worse by making these Banks less Creditworthy. However, who is to monitor these Banks for the benefit of Investors if no one did,!!!

It"s the unfair distribution of wealth that these Protesters are highlighting.


At one time, if you wanted to purchase a House, your Wife"s income was not taken into account and you had to put down a deposit. Then
the Banks started lending 100%, even 125% at times and if your house rose in value during the year by say £10,000, you could borrow
another £10,000........a certain recipe for disaster and the FSA never even tried to regulate .

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sun 16 Oct - 7:33

Anti-Greed Demos Go On Amid Global Protests










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7:18am UK, Sunday October 16, 2011




Anti-capitalist protesters in London continued their demonstrations
through the night as the movement that began in New York spread
worldwide.










Thousands had flocked to the area around the London Stock Exchange
in an effort to replicate the growing protests taking place in the US'
financial centre, Wall Street.


The day of global action saw violent clashes in Italian capital Rome,
with demonstrations inspired by the movement also starting in New
Zealand, parts of Asia and elsewhere in Europe.


Thousands took to the streets in cities including Frankfurt, Berlin, Vienna, Lisbon, Paris, Auckland and Tokyo.


Around 5,000 people also marched at the scene of the initial Occupy Wall Street protests in New York.







A police van was set on fire during violent protests in Rome





In London, protesters pitched tents outside St Paul's Cathedral as
night fell, after police cordoned off the home of the Stock Exchange in
Paternoster Square.


Scotland Yard had said it would be "illegal and disrespectful" to camp in front of the cathedral, where Wikileaks founder Julian Assange was among several people who addressed the crowd


But a spokesman for the Metropolitan Police later said: "We are not going to move anyone at this time."


The force said it had made efforts to ensure Saturday's protest was
largely peaceful and no officers in riot-gear appear to have been
deployed.







Around 3,000 people gathered for the demonstrations in London





Five arrests were made throughout the day's action in London - three for assault on police and two for public order offences.


A spokesman for the protesters said the Occupy London Stock Exchange
demonstration was to "challenge the bankers and the financial
institutions which recklessly gambled our economy".


"This occupation and 20 other occupations all around the UK have been
directly inspired by what's happening all across America and especially
Wall Street," he added.


Some claimed police had used disproportionate force in dealing with protesters outside St Paul's.







Children joined those protesting against corporate greed in Tokyo





Peaceful demonstrations also took place on the streets of Edinburgh and Dublin.


But police in Rome fired tear gas as protests developed into a riot,
with bank and shop windows smashed, cars burned and bottles thrown.


Police in riot gear also charged demonstrators and fired water cannons at them.


Several police officers and protesters were injured, including one man trying to stop others from throwing bottles.





































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Re: US 13.4 TRILLION DEBT

Post  Panda on Sun 16 Oct - 12:43

Around 300 protesters are thought to have spent the night in tents
outside St Paul's Cathedral, after police cordoned off the home of the
exchange in Paternoster Square.


Portable toilets, a make-shift kitchen, a first aid centre and a press tent were also set up.







Around 3,000 people gathered for the demonstrations in London





The demonstrators taking part in the Occupy London Stock Exchange
protest have told Sky News they plan to stay "for as long as it takes".


Scotland Yard had said it would be "illegal and disrespectful" to camp in front of the cathedral.


But a spokesman for the Metropolitan Police later said: "We are not going to move anyone at this time."


The force also said no complaints had been received but "if anyone
feels they have been unfairly treated by police they are entitled to
make a complaint at a police station or online at met.police.uk".


Read live updates on the protest in the City of London.













All services at St Paul's Cathedral, the first of which was at 8am, are set to go ahead as planned today.


One clergyman told Sky News: "I don't have a problem with people being out here and expressing their right to protest."


Posters were displayed around the square. One read: "Bankers got a bailout. We got sold out."


A demonstrator told Sky News: "We hope that we can show people that
it's not fair for a system which rewards bankers by bailing them out
when they get things wrong but rewarding them with bonuses when they get
things right.


"All the risk is on the taxpayer. We always end up paying and they always end up winning."

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Re: US 13.4 TRILLION DEBT

Post  Panda on Mon 17 Oct - 6:37

The "occupy Wall Street" protest has spread across 4 Continents , 6,000 protest in Times Square New York, Rome riots do extensive damage.

Commentators are asking "what exactly do the Protesters want"It would be a good idea if representatives were voted in to act as Speakers
for the protesters,people who understand fully the Financial system and meet with Governments.

It is obvious that the system has to change and these protesters have the Power to change it.

I think the scrapping of the Gold Standard was the start of problem, lack of control over Banks responsibility to Customers and Shareholders
also a major factor.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 18 Oct - 12:45

The "Occupy Wall Street" protest is now very well organised , they have stalls with many books for Protesters to read, a First Aid Station,
and receiving $8 to 10,000 a day to feed the Protesters, so far they have received donations of £230,000.

A Professor Taleb at New York University says Banks are impervious to any problems , they made $2,2 Trillion in the last two years , it all went on Wages, bonuses and Directors Fees. The Public is serving the Banks, not the Banks serving the public.
Something must be done to break the top Cartel, everything is their fault. The Military don"t get bonuses so why should Bank Employees.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 18 Oct - 13:10

Professor Taleb says Bank Staff should not receive bonuses, he quotes the Hammurabi principle of a Babylonian King.

" If a builder builds a house and it falls down, the builder should die, as should his Son die" obviously not receive a Bonus.

Banks hide risk Capitalism which is about incentives and disincentives and Bank chairmen and CEO"s should not earn more than a Civil Servant.


He says OWS does not have a message and he is afraid the movement will become anarchist. He agrees with the Protest but thinks a spokesman should be elected who understands Banking and can give T.V. Interviews to put the protesters views across.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 18 Oct - 18:25

Wall Street jobs at risk and a few Banks including Bank of America and Goldman Sachs might need bail outs. An Analyst when asked what the
reaction would be if Bank Managers were made redundant said. "When a tree falls in a Forest, it makes a noise, when a Bank Manager loses
his job ..silence.!!!"

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sat 22 Oct - 2:04

St Paul's Forced To Close Doors Amid Protests










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10:36pm UK, Friday October 21, 2011




St Paul's has been forced to close its doors for the first time since
the Second World War because of protesters gathered outside.










Anti-capitalist activists have gathered in front of the famous
cathedral since Saturday as part of the Occupy London Stock Exchange
protest.


The Dean of St Paul's, the Rev Graeme Knowles, said the decision to
shut the house of worship to the public was made with "heavy hearts".


He added that it came after church officials received a report by
health and safety officials saying the crowds surrounding the entrance
posed a risk to visitors.


Around 300 protesters, who are angry at the influence of banks on
Government policy, have set-up a camp outside the cathedral in an
attempt to replicate the Occupy Wall Streetdemonstrations.







The cathedral has been forced to close amid the ongoing protests





Church services had gone ahead as planned on Sunday with the Canon
Chancellor of St Paul's, Reverend Giles Fraser, saying he did not have a
problem with people "being out here and expressing their right to
protest".


But Rev Knowles has now asked the protesters to move on.


"I am asking the protesters to recognise the huge issues facing us at
this time and asking them to leave the vicinity of the building so that
the cathedral can reopen as soon as possible," he said.


"I hope that the protesters understand the issues we are facing,
recognise that their voice has been legitimately heard, and withdraw
peacefully."







The demonstration has been going since Saturday





The cathedral draws between 2,000 and 3,000 worshippers each Sunday.


The health and safety officials raised several issues including the
presence of unknown quantities of flammable liquids, smoking and
drinking in tented areas, compromised fire exits and public health
issues such as sanitation and food hygiene.


Dozens of tents are set up at the camp, along with two portable
toilets and a makeshift kitchen and library, which is all being powered
by three generators.


The protesters held a meeting to discuss the closure and decided they
would continue their demonstrations on the steps of the building "for
the moment" despite the requests to stop.


They told Sky News they would reconsider their options on Monday. But
they were adamant they would not stop protesting - and if they needed
to, would move to a different site to do so.







Protests are taking place globally including at the Philippine Stock Exchange





Occupy Wall Street is a people-powered movement that began on
September 17 in Liberty Square in Manhattan's Financial District, and
has spread to over 100 cities in the United States and actions in over
1,500 cities globally.


Protests have filled the streets of financial districts across the
world from Berlin to Athens, Auckland to Mumbai, Tokyo to Seoul.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Sun 23 Oct - 5:37

'Occupy' Protesters Form Second London Camp










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2:27am UK, Sunday October 23, 2011


Becky Johnson, Sky reporter



Anti-capitalist protesters have formed another demonstration camp in
central London - a week after setting up a base outside St Paul's
Cathedral.







More than 200 protesters moved into Finsbury Square on Saturday




The "Occupy" protesters say the second site, in Finsbury
Square, is an overflow area for people who want to join the
demonstration.


More than 200 protesters moved into the square on Saturday, and several tents have been pitched.


Asked how long they intended to stay, one demonstrator said: "That's a
question for the people who make the big decisions in this world to
answer.


"We're going to be here until they sort things out. I think this'll be set up here until we see real change."


The protesters say they are are campaigning against "corporate greed".







Natasha Ighodaro and Nick Cunningham after their wedding at St Paul's





They originally tried to occupy the London Stock Exchange but were prevented from entering Paternoster Square by police.


The camp outside St Paul's has been steadily growing since the
protesters arrived eight days ago, and hundreds there say they intend to
stay put.


More than 150 tents have now been set up around the steps of the cathedral, where a wedding went ahead on Saturday
despite the famous place of worship being forced to close its doors on
Friday - the first time it has been shut since the Second World War.







Protesters outside the cathedral say they are staying put





The cathedral issued a statement saying the health and safety of
visitors was being put at risk by the large number of protesters
outside. Sunday services have been cancelled and tourists turned away.
Every day the cathedral remains closed it is losing £16,000 in revenue.


Phil McKeenan, who was in Finsbury Square, told Sky News: "We'vee
probably reached capacity at St Paul's in terms of space and we needed
more space because more people are coming down.


"We have complete and utter respect for the Church… now that they've
come out on Friday and said it's getting too large, one of the immediate
issues was the need to find another space."


Another said: "It's important that we reach different areas of London and speak to new people and more passers by."
Others deny the move to the new site is in response to the cathedral's closure.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Mon 24 Oct - 7:29

There were demonstrations in Sydney yesterday and the protests have extended all across Asia as well.

It is estimated that 1% of Wealthy people own 39% of the World"s wealth , an analyst at Credit Suisse forecasts that China will hold 90%
by 2016.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 25 Oct - 11:39

Michael Moore has fully endorsed "Occupy Wall Street" and says it has spread across America, every major City,and struck a chord with the
Amercan public when 1 in 4 people live below the poverty line.

In Britain , the protestors have moved to Finsbury Park , pitched their tents and so far have not been asked to move.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 25 Oct - 13:29

Occupy Wall Street has demonstrated in 900 Cities across America and said it is not Anarchic, just wanting a fairer share of the wealth of
the Nation . The Republican Senator for New Jersey agrees and says the rich should pay more in taxes. He also says that when asked why they don"t lend to small businesses the Banks claim Rules. He says they can"t name them and small businesses are the lifeblood of the Economy
and Banks should lend more to them.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Tue 25 Oct - 14:58

Howard Buffet a Farmer has won an award for helping the poor in America. He agrees the difference between the poor and rich is too great
and something must be done.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Fri 28 Oct - 4:11

Simon Newton, Sky News reporter





Pressure is mounting on anti-capitalist protesters camped
outside St Paul's Cathedral as authorities consider legal action to move
them on.



The cathedral closed to visitors six days ago for the first time
since the Second World War because of health and safety issues
surrounding the protest camp.


Cathedral authorities say they will reopen at lunchtime after activists adjusted the layout of their camp.


St Paul's dome and galleries will remain closed "for the time being"
but the cathedral itself will be open to worshippers and visitors.


Today the City of London Corporation will meet to discuss whether to
seek an injunction allowing the protesters to be evicted - by force if
necessary.










St Paul's has been closed for six days but will reopen later





The authority fears the protests at St Paul's could evolve into
something similar to those seen in Parliament Square which was embroiled
in years of legal wrangling.


On the Corporation's website Stuart Fraser, Policy and Resources
Chairman, said: "Of course, we fully support the right of people to
express their views through peaceful demonstration, but no city can be a
campsite.


"We hope common sense will prevail and those camping around the
cathedral will recognise that they are damaging the integrity of their
protest by their actions - and they decide to disperse in a peaceful
manner.


"But if not, we are looking at making sure we have the full range of options - including court action - ready to hand."










Canon Dr Giles Fraser said he could not support legal action





Last night, at their daily General Assembly meeting on the steps of
St Paul's, protesters agreed to ask human rights group Liberty to step
in and mediate.


Meanwhile a rift seems to have emerged within the cathedral over what to do with the encampment.


Yesterday the Bishop of London, Dr Richard Chartres, said protesters
should "pack up" as the original purpose of their occupation had been
"extinguished" and offered to hold a debate on the issues within St
Paul's.


But
the cathedral's canon chancellor, Dr Giles Fraser, resigned saying he
feared the church was following a course that could end in violence.



Dr Fraser said he couldn't tolerate the possibility that St Paul's
would end in a similar way to the eviction of illegal travellers from a
site at Dale Farm in Essex.


"I think it's about the church using violence in order to protect
itself and that's something that I believe that it shouldn't do," he
said.


Nearly two weeks on, several hundred tents of all sizes, including
kitchens and an information centre remain pitched outside the cathedral.


Members of Occupy London say they are drawing attention to "the
crisis of economic and political legitimacy experienced in the UK and
mirrored in protests staged across the world".


A second 'overflow' camp was set up last Saturday in nearby Finsbury Square.

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Re: US 13.4 TRILLION DEBT

Post  Badboy on Fri 28 Oct - 19:13

CITY OF LONDON? IS GOING TO GET AN INJUCTION TO EVICT THE PROTESTERS.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Fri 28 Oct - 19:27

Yes BadBoy, David Cameron, interviewed in Australia says the protesters should not be camped outside St Pauls and should be moved.
However, 2 Priests in St Pauls have resigned over attempts to move Protesters. Add to this, public reaction at the News Company Directors
of Banks received 50% Salary increases and the Protesters claims are proven.

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Re: US 13.4 TRILLION DEBT

Post  Panda on Fri 28 Oct - 19:57

James Haan the Entrepreneur says these Salaries are earned by Directors of the Top Ten Companies who make big decisions, work long hours
and deal with billions of £"s, but the News interviewer didn"t buy that. Look at the Pension of £400,000 a year that COE of RBS got and the
dreadful job he made of running the Bank so much so it had to be bailed out.

Panda
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Re: US 13.4 TRILLION DEBT

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