chem1st Posted November 6, 2011 Share Posted November 6, 2011 I object first and foremost to the title of the thread. Define money. Money is a means of exchange, a store of value. The banks have been bailed out with currency. This is not about money. This discussion relates to power and control. Link to comment Share on other sites More sharing options...
donkey Posted November 6, 2011 Share Posted November 6, 2011 Brilliant article from todays papers about City of London Mayor using public funds of at least a £100 million which assists greatly a property company, whom he's having a sabbatical from, whilst he is the Mayor. Go figure. http://www.guardian.co.uk/uk/2011/nov/06/city-property-benefit-developer-mayor No Way!! A senior politician with the fingers of one hand in the til, whilst holding up two fingers from the other hand. I've written to my MP about it, and he says it might be best if we don't rock the boat. Link to comment Share on other sites More sharing options...
donkey Posted November 6, 2011 Share Posted November 6, 2011 I object first and foremost to the title of the thread. Define money. Money is a means of exchange, a store of value. The banks have been bailed out with currency. This is not about money. This discussion relates to power and control. Well yes, money is merely the medium by which we are intimidated and exploited. That's evolution for ya! Why bang your chest and howl if you have alpha males in your employ who will do that sort of thing for you? Link to comment Share on other sites More sharing options...
green Posted November 7, 2011 Share Posted November 7, 2011 No Way!! A senior politician with the fingers of one hand in the til, whilst holding up two fingers from the other hand. I've written to my MP about it, and he says it might be best if we don't rock the boat. We wont let them get away with it anymore.... Link to comment Share on other sites More sharing options...
ElasticMan Posted November 7, 2011 Share Posted November 7, 2011 The banks and financial institutions have bent the rules of capitalism so that they cannot lose. The have privatised their profits, ans nationalised their losses. This means that the keep their profits (and pay virtually no tax on them), but when they hit problems it is the tax payer who bails them out. No other sector has this luxury. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 7, 2011 Share Posted November 7, 2011 The banks and financial institutions have bent the rules of capitalism so that they cannot lose. The have privatised their profits, ans nationalised their losses. This means that the keep their profits (and pay virtually no tax on them), but when they hit problems it is the tax payer who bails them out. No other sector has this luxury. Not even sure it's really capitalism. It's a framework for theft of public of public money. It's almost like a kleptocracy by proxy (politicians the proxy for the bankers) that also locks in deferred benefits for those who act as the proxy, e.g. Through lucrative city roles later on. Whatever it is it's seriously corrupt. Link to comment Share on other sites More sharing options...
green Posted November 7, 2011 Share Posted November 7, 2011 Not even sure it's really capitalism. It's a framework for theft of public of public money. It's almost like a kleptocracy by proxy (politicians the proxy for the bankers) that also locks in deferred benefits for those who act as the proxy, e.g. Through lucrative city roles later on. Whatever it is it's seriously corrupt. It isnt capitalism. That died when we bailed them out, and subsidised them every since. Link to comment Share on other sites More sharing options...
Keith Rich Posted November 7, 2011 Share Posted November 7, 2011 Call me stupid, but where are the billions coming from to bail out the banks? Are they borrowing it from the banks? And if we're just printing it, why can't we print the money, or some of it, to pay our debt? Mugs like you and me of course:mad: Link to comment Share on other sites More sharing options...
Anna B Posted November 7, 2011 Author Share Posted November 7, 2011 Mugs like you and me of course:mad: Why are some people still saying things like we have to pay off the national debt, we got into this mess by borrowing too much etc... but can't see the connection with giving billions in bail outs to banks? What's the matter with them? Link to comment Share on other sites More sharing options...
Grandad.Malky Posted November 7, 2011 Share Posted November 7, 2011 Why are some people still saying things like we have to pay off the national debt, we got into this mess by borrowing too much etc... but can't see the connection with giving billions in bail outs to banks? What's the matter with them? So we renege on our debts ……….. that should make us popular around the world and then we say to millions of bank customers ……………. You are screwed, no savings, no pension and no house. Link to comment Share on other sites More sharing options...
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