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50,000 Turn Out To Protest Against Government Handling Of Irish Bailout
"What hurts me the most is why is the taxpayer paying for the IMF. Why are we bailing out the banks. These are the people who took the risk, let them take the hurt, let them feel the hurt." That is the common refrain of the tens of thousands of people who took to the streets today in Dublin, protesting against the government's rescue of various European banks (and Goldman Sachs) investment losses. More from RTE: "Gardaí said that around 10,000 people started the march, however the
crowd swelled to around 50,000 people as it moved down the quays. Speakers at the march had estimated that the crowd was between 100,000 and 150,000. A small group of around 400 protestors are currently at the front gates of Leinster House. Some 60 gardaí are lining the footpath in front of the building, with crash barriers erected in front of them."
Luckily, so far the demonstrations are peaceful. However, the message sent to Brian Cowen is loud and clear: get out, and take your bailout plan with you.
More from the Telegraph:
The rally was the first major demonstration since Ireland agreed to accept a €90 billion (£77 billion) loan from the European Union and International Monetary Fund to save the country from bankruptcy.
People are very unhappy, and this is their last chance to protest before the budget," said Pat Kenny, a 45-year-old postal worker and labour union official, distributing bright blue banners as the march began.
"But today is just the start of a campaign against the plan. This government doesn't have a mandate to govern, they should allow for a general election and let the public say if they are in favour of the four-year plan."
Thousands of marchers — led by a traditional pipe band — crowded along the banks of Dublin's River Liffey, banging drums and blowing whistles.
Banners carried slogans including "It's not out fault, we must default," and "No country for young men," a reference to the squeeze on jobs.
As part of the crisis negotiations, Ireland published a plan this week to slash €15 billion from its deficits over the next four years, with the harshest cuts and tax hikes earmarked for the next budget being published Dec. 7.
Prime Minister Brian Cowen has admitted that the slashing will lower the living standards of everyone in this country of 4.5 million.
But he insists Ireland has no choice given that the nation's 2010 deficit is running at 32 per cent of GDP, the highest in Europe since World War II.
Saturday's rally coincides with reports that the EU-IMF fund could charge interest rates of up to 6.7 per cent, higher than the 5.2 per cent that applied to Greece's €110 billion bail-out in May.
And a video report on the scene, via RTE:
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Those guys still not got it that their debt was constantly defaulting on and that they were allowed in extending their default scheme...
Lets see if it is the best shot the Irish can do since some here have launched a competition between the Greek, the French and the Irish.
My position still the same: all these guys are worth the same, they only want to push their position to the limits because they know they got a good deal...
For those of you too young to remember the "Irish Spring" soap commercials, a couple of stereotypical Irishmen/women cut up a bar of soap to reveal a 'dual layer" of protection.
What this has to do with the above story, I have no idea.
http://www.youtube.com/watch?v=VjSNrg7T0Wo
Enjoy!
Note that 50-60k people is about 1% of the Irish population, analogous to 3.5M Americans showing up at the capitol building.
But it seems these folks know how to spell and can construct complete sentances. It would be possible to assemble 4 million+ amerikans in DC if you offered 43 32" Vizio flat screens to the first to reach the steps.
Assemble? Yes, but you'll never get correct spelling. ;)
When you're wright, you're rite.
Didn't yew meen when your write yawr rite?
The most effective method for assembling a gathering is actually the Cartman "Pie n Punch" technique.
http://www.youtube.com/watch?v=lrNrLly1vvM
We have some pretty shitty weather here at the moment....... A lame excuse but the roads are iced and covered with snow, this is not normal weather and the roads are not great, it would have put a lot of folks off.
http://www.rte.ie/news/2010/1127/weather.html
- the Gulf Stream has stopped, get ready to freeze your nuggets off szjon. lol
http://www.youtube.com/watch?v=BU-aZJLSzx8
That's a pretty big Twinkie.
The USA is a bit larger than Ireland. It's just not *physically* practical for 1% of the US population to show up ANYWHERE on a week's notice. It takes a few days just to get from one coast to another.
We could achieve good results with an even smaller overall percentage of the population with distributed protest, though. We just haven't hit any kind of critical mass yet, because even the most hard-hit by our current problem are still mostly sheltered and fed.
Assuming all those extended benefits come to a quick end, the face of public sentiment may change very rapidly over the next few weeks. Could be exciting.
The beleaguered Fianna Fail Party could be set for a damaging by-election defeat with early predictions pointing to a Sinn Fein victory.
Unofficial tallies in the fight for the Donegal South West seat previously held by Fianna Fail suggest its vote might have dropped dramatically.
Official figures are not yet available, but tallies of the votes from party workers put Sinn Fein's Pearse Doherty well ahead.
Counting started at 9am and of the boxes opened so far, Sinn Fein has taken an estimated 37pc of support, Fianna Fail 17pc, Labour 12pc, Fine Gael 23pc and 11pc for the sole independent candidate.
If the official results confirm the trend, Sinn Fein, which opposes the Government's austerity measures, will have weakened the Fianna Fail/Green Party coalition's slender hold on power.
If Mr Doherty can secure victory, it will erode the Government's narrow two-seat majority.
This comes as backbenchers and independents are threatening to vote against the Government's tough economic measures aimed at salvaging the state's crippled economy.
Donegal South West is a rural area where people believe they largely missed out on many of the benefits of the Celtic Tiger era. Communities have been hit recently by high unemployment and emigration.
Voters went to the polls yesterday, just 24 hours after Taoiseach Brian Cowen unveiled his four-year plan for national recovery, which mapped out €3bn in social welfare cuts, a rise in tax and the axing of 25,000 public sector jobs.
Meanwhile, European officials and the International Monetary Fund (IMF) are in talks with the Government over an additional €85bn rescue package to bail out the economy.
The stage seemed set for a defeat for Fianna Fail, with an opinion poll pointing to Sinn Fein gathering 40pc.
http://www.independent.ie/national-news/early-signs-point-to-sinn-fein-b...
How does that work over there if the margin is only one vote before the IRA takes out one or two FF party members ? just curious about the *what if* scenerios.
No bombings?
THIS PROTEST SUCKS!!
who do they hit first? there are too many targets...usually begins with an "internal squabble" anyways. the "two brothers who hate each other" revolution...
without violence, it will get nowhere. Standing and shouting accomplishes nothing
When will the middle class get out from behind their Ikea desks and Zerohedge comment windows and demand an end to this.
Why should I, I'm loaded with silver and gold.
Can't wait untill the system breaks down :)
I am with you holding silver and gold. But, what scares me is they are still blowing on the bubble.
They will not let it break down. They just might start issuing million dollar notes at this rate. Zimbabwe ???
The are only two ways to end this horror show:
1. Politicians go back to "sound money". (but politicians are drug addicts with fiat money as their drug, so they will NEVER give it up)
or
2. Free Market will FORCE a default on fiat money. Then the choice is: a. Population reduction, or b. Return to "sound money".
I think we will get: "1", followed by "a". But things might get so bad that eventually we will get "b".
population reduction?...
I even have a name for that:
THE KILL THY NEIGHBOUR DAY!!
1 official celebration day where you get to kill those freaks next door who recycle all their shit and try to constantly convince you to do the same and who only mow their lawn ON FREAKING SUNDAYS!
In a tribute to the Buddhist way, turn your sentiment for population reduction ever inward and begin there.
Ah ah ah. You are infatuated with your beliefs.
Basically, the US has its stuff for free through emissions of credits and you offer that the US adopt 'sound money' (whatever it means)
So getting stuff for free is worse than paying for it? Okay.
The markets, but the markets are like those guys who promise to nuke the world. Always one place safe in this case, within the bunker of the guys, they will nuke everyother place but theirs.
The market as you call it are physical humans located in the US and certain European countries. You can count on them to avoid nuking their places.
It has been ongoing population reduction...mostly slow speed so far.
The pace is about to quicken.
Beware.
They act with impunity.
Our men are fighting overseas, tv internet porn addicts, druggies in the cities and small towns or feminized.
Again it's up to the few to do the jobs that need done.
I feel I must disagree, travquad7s. It will result in the purchase of many bottles of throat spray and gargle which will in turn help to show positive GDP growth. I rest my case.
Mohandas and MLK pulled off some amazing sit-downs.
No need to hurt anyone.
True, but they got hurt.
Sacrifice one and have him immortal, or rather blow billions to smithereens?
Orly
I get your point of view, but I don't quite see making nice with the criminals in power.
Yes, they were quite amazing. What was more amazing was that the civilized powers they were protesting against did not kill them immediately. As soon as they became effective organizers, a Government that truly feared them would have killed them. I paraphrase " If the Japanese would have made it to India and Mohandas would have tried that his dismembered bayoneted corpse would have floated the Ganges"
Peaceable protest only works against people whose back is not against the wall. It works in the U.S. right now, later maybe not so much.
Well, Ghandi had the tiny little advantage of pushing against a hollowed out giant.
After the end of the WWII Great Britain was left with monstrous debts while the U.S. showered it's former enemies with money through the Marshal Plan.
Financially Britain fought on the wrong side.
http://en.wikipedia.org/wiki/Mohandas_Karamchand_Gandhi
Britain, actually, had been trying to figure a graceful way out of its India/Pakistani Colony....a net 'outflow' long before WW2...Gandi was the perfect fool to implement a clean getaway, one acceptable to the Home Front Voters...still longing for Empire long lost since 1919 WW1 bankrupcy of Britain (effectively, so bankrupt by the war..)
Sadly, it appears true in Ireland as it is within the USA and other countries. Protests, calling your representatives, etc mean nothing. It seems the time for talks has ended and the time for 'action' needs to begin. What you choose to call 'action' is up to you. Talks and protests do no good. So the next form of 'action' will be...
As a point of reference, in China the government literally kills guilty banksters.
Well...the well connected bankers get off...but the less well connected are "given a bullet"...& good fucking riddance to them
cg
Now there's a great slogan for WillyB and the piggy picture.
BULLETS for BANKERS.
love it.
Even better:
The Piggy picture and:
ONE BULLET - ONE BANKSTER
Let's get Lil Wayne on it:
Bullets for the Bankstas.
Trav7777
What about Ghandi's worker boycott against the british corporations, and the southern black people's boycott of the bus system and stores?
what about them?
Suppose the British WEREN'T a completely exhausted shell of an empire that could be beaten by default?
Suppose that there wasn't a gigantic bunch of white libtards in the North and jewish money and advocacy groups using King as a figurehead?
Sure, you think we can win without any real effort? Let's see here, was it King who deployed to integrate southern schools or was it, like, the army or something?
The State uses the shit out of violence, typically as a FIRST resort.
Suppose the British WEREN'T a completely exhausted shell of an empire that could be beaten by default?
The point is that without workers the British corporations wouldn't make money and that works. This shell of an empire managed to hang on to south Africa for a few more decades after that by keeping the blacks ununited. Ghandi was able to unite the different religious parties.
The National Guard (or military, police, ect.) didn't protect the bus system or the shop boycotters because of the obvious reason that you can't force someone to ride the bus or shop at certain stores. It was very effective.
Sure, you think we can win without any real effort?
No I don't think we can win without real effort but that doesn't mean it has to be a violent effort. Violent effort would get you labelled and the majority would disaprove of your efforts.
The USA is "a completely exhausted shell of an empire that can be beaten by default," too. All people have to do is ignore the dictates of the Feds. There isn't sufficient recourse to state violence at this moment in time. State governments are still playing along because they're expecting bailouts. If those bailouts aren't delivered, perspectives can change fast.
Frankly, the Brits were tired of keeping the Hindi and Pakis off each other long enough to get any work done and were glad to wash their hands of the shithole after they'd carved up the world to their satisfaction elsewhere.
Salt? Cotton?!
Fuck it, we'll find em elsewhere, mate.
Not really, they were basically bankrupt after WWII and I'm sure that played a part, but non participation in British controlled government, companies, and military was the clincher. There are always other factors, but the corporation's ability to continue to operate was the objective (safeguarding British interests). The British East Indies Co. was 10% of England's revenue at one time.
Actually strikes and sit-ins are quite powerful. Take a look at some video of the 1968 Democratic Convention protests. Fill a bridge or street with people peacefully sitting before being dragged into the paddy wagon--and there's always a few busted heads for color--and you make serious news . . . without the police forces getting an excuse to shoot you.
Times have changed, Bob.
You taze my junk, I'll have you arrested, bro!
The key is to do it a lot, not just once on some special occasion. You have to impress and you have to inconvenience. Those against whom you protest have to be forced to adjust their thinking on a day to day basis to your presence.
That depends on your signs and your mission Bob.. Wrong signs, wrong mission and you are just extremists who got what they deserve if your covered at all.. You forget tptb have the press, in many cases they are the press.
Unification is the key.
What the fook is all this huff and puff?!? Someone grab a pitchfork and torch!
G'head. I'm right behind you...
That certainly explains why you have a brown nose.
These people will achieve nothing by just standing outside shouting. Either Thai style peaceful protests which paralyse the nation or violence to get the attention of the government.
EU rescue costs start to threaten Germany itselfReports that EU officials are hatching plans to double the size of EU's €440bn (£373bn) rescue mechanism have inevitably caused outrage in Germany. Brussels has denied the claims, but the story has refused to die precisely because markets know the European Financial Stability Facility (EFSF) cannot cope with the all too possible event of a triple bail-out for Ireland, Portugal and Spain.
EU leaders hoped this moment would never come when they launched their "shock and awe" fund last May. The pledge alone was supposed to be enough. But EU proposals in late October for creditor "haircuts" have set off capital flight, or a "buyers' strike" in the words of Klaus Regling, head of the EFSF.
Those at the coal-face of the bond markets are certain Portugal will need a rescue. Spain is in danger as yields on 10-year bonds punch to a post-EMU record of 5.2pc.
Axel Weber, Bundesbank chief, seemed to concede this week that Portugal and Spain would need bail-outs when he said that EMU governments may have to put up more money to bolster the fund. "€750bn should be enough. If not, we could increase it. The governments will do what is necessary," he said.
Whether governments will, in fact, write a fresh cheque is open to question. Chancellor Angela Merkel would risk popular fury if she had to raise fresh funds for eurozone debtors at a time of welfare cuts in Germany. She faces a string of regional elections where her Christian Democrats are struggling.
Mr Weber rowed back on Thursday saying that a "worst-case scenario" of triple bail-outs would require a €140bn top-up for the fund. This assurance is unlikely to soothe investors already wondering how Italy could avoid contagion in such circumstances.
"Italy is in a lot of pain," said Stefano di Domizio, from Lombard Street Research. "Bond yields have been going up 10 basis points a day and spreads are now the highest since the launch of EMU. We're talking about €2 trillion of debt so Rome has to tap the market often, and that is the problem."
The great question is at what point Germany concludes that it cannot bear the mounting burden any longer. "I am worried that Germany's authorities are slowly losing sight of the European common good," said Jean-Claude Juncker, chair of Eurogroup finance ministers.
Europe's fate may be decided soon by the German constitutional court as it rules on a clutch of cases challenging the legality of the Greek bail-out, the EFSF machinery, and ECB bond purchases.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8160999...
Come on, Karlsruhe. Shoot the damned thing down and finally end our misery.
And the best thing is that this shit will continue through 2013 and a third meltdown in 2015.
By then, the euro will be worth shit.
Germany cheers all this stuff because a lower euro is good for their exports.
TOTALLY IGNORING THE INFLATION THREATH.
You would think that they learned their lesson from China who is now grinding down the inflation spiral.
this shit is like THE NEVER ENDING STORY PART DEUX!
Web o' debt.
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html
If a story never ends, why would there be a part 2?
interesting report from a Canadian broadcast - starts at minute 14
http://www.cbc.ca/video/#/News/Money/Lang_&_O%27Leary_Exchange/131943078...
Wow. That guy O'Leary is as big an asshole as the best of our 'Murkin pundits. I'm impressed.
The unPC, non profitable because definitive answer: never (in the next fifty years)
Stories about Euro mark are bollocks.
-Germany, like some other european countries, has tried to assert hegemony on Europe. 2 T will not be too much.
-Germany like some many european countries have some bad blood on its hands and does not want to experiment a backlash. Will help to maintain the illusion they did not grow richer by extorting the weak and farming the poor. Just like many other European countries, they are constrainted to fusion if they do not want to fall as preys to the people they are used to preying on.
The very idea that Germany, Netherlands and Luxemburg are going out to create their Euromark should not resist one second to the very reality that Russia is a commodity trading country but with big guns and they have already turned off the supply lines twice in the past. The trio will be more exposed outside the EU. They know it, everybody knows it.
Of course, this kind of definitive statement resulting from crucial mechanics that helped Europe up are not going to be a best seller.
So expect more and more drivel over the Euromark in order to sell better the next step in the political integration process of the EU.
All movements require time to organize and plan. This seems like a good start to me. I am hearing the word "default". This is the only solution to the Irish problem, the Portugese, Spanish, Italian problem and , of course, the USA problem.
a default would destroy the finance of Belgium, the netherlands, France and germany.
So if they ever want money in the future, they better not do it.
And the only thing they need to do is downpay a little bit of debt for the next 200 years. PEANUTS!
debt for equity swap at 60% of face, 80% haircut, or default....your move Merkel
Haircuts for everybody. Share the pain.
A default of debt-money does not have to destroy the finances of any country or people (though it might wipe out the creditor class/bankers).
Sovereign countries can issue money without interest or debt. Countries do not need to have national debts. Our current paradigm of debt-money issued by private banks subsidizes the bankers and provides them the opportunity to steal our collateral. They print 'our' money for free, charge us interest to borrow it, and take collateral in the process.
A default followed by the issuance of a sovereign currency would provide a global reset for the benefit of the people.
http://www.sovereignmoney.com/
http://www.chrismartenson.com/forum/explaining-why-sovereign-vs-debt-mon...
I too would prefer to take my pain with the reasonable expectation of a better future.
Its not the "Default" that fucks you. !
It's the CDO's and CDS's underwriting them.
Thats why the rush to repay the Bankers.
You think the people are more important than the World Ponzi Banking scheme ?
You are sadly mistaken..............
Fuck the people - !!!!!!!!!!!!!!!!!!!!!!!!!!!
Thats the creed !
P.S. TD Thanks for the easy Captcha
Nominal values out the wazoo (many multiples of the value of all assets on earth combined in dollars) and I have 0 faith the twinkies that be were slick enough to have all those toxic sludge derivatives cancel out when (fuck if) the poop hits the default fan. Ka-fucking-boom.
"with the harshest cuts and tax hikes earmarked for the next budget being published Dec. 7."
Is this date the same as the planned Bank Run? The Irish could do it, perhaps. Do you think they will wake up and participate in the European Bank Run?
I don't think so, me and my wife are doing it but no-one we know is interested. In fact it is shocking how many people think everything is ok, just because they want it to be.
The proposed Europe sovereign bailouts like the bank bailouts and "Financial Reform" here in the US have 2 features in common:
-Complete lack of admission, realization or clue that anything went wrong
-Complete lack of any other plans but to repeat the same mistakes again.
That above all smells of vested interests being protected, because it defies even a layman's common sense.
Gee, How did Goldman Sachs get involved in this one two. Must be their Godly Powers. Grrrrrrrrrrrrr
We should do this in the U.S.
Same situation, different country.
Of course, being public-sector trade unionists, the jackasses also had to campaign against balancing the budget. The unions are demanding that the government borrow more to spend on stimulus projects. Yes.
Careful, that kind of common-sense will get you junked around here.
whoever junked him must be a huffpo reader
"Careful, that kind of (blather) will get you junked around here."
Well, when reason seems to have Zero effect, junking is all there is left...
Public sector unions and criminal bankers are fighting over the spoils of the end of a generation of extend and pretend.
Small business and private sector employers will be expected to carry the can and they cannot.
The leech(es) have grown larger than the host(s). Do the math. There is no money printing, deficit creating solution.
Deficits cannot continue to grow (along with interest on existing debt) faster than the growth of an economy.
Ireland was applauded for their great austerity program, they did much better than Greece, but it crashe their economy and thus yielded little in way of deficit reduction, they spent far less but their GDP went way down too. so austerity way proved no better thant he Greek way.
Whether workers should get more or less share of GDP/business revenue via union organizing, is a good, legit topic of dicussion that informed people can and do disagree on, but what the freak does it have to do with to rightness or wrongness of an entire country of people have to pay for the bad investments and risky loans of the banks. Why should bank bhond/stock holders be the only ones that lose NO money, take NO haircuts? In Ireland, you say unions should be taking their lumps, lower wages,and they are, but the banksters should take NO loss. How is that anything but hypocritical.
Govt spending is govt spending whether it paying for labor to do things or paying banks that lost money on bad investments. Either way, it's taking tax dollars away from citizens, businesses and giving it to someone else. What do you think would be better for general economy of Ireland?...refusing to back the banks and take the 85 billion their govt is spending on the banks and instead spending it on hiring union workers to repair infratructure, build roads, build energy grids etc. or is bailing out the banks with 85 billion going to do better for Ireland..at least the workers have to show up to job every day and do a little something to earn their govt paycheck....the banksters, shoot, they don't even have laugh while walking to the bank to deposit their govt check, they are already at the bank.
In the middle of a depression?! The CADS!
Deficit spending in the middle of a depression? Seems to me to be a reasonable idea - certainly infrastructure spending, at least. Deficit spending in a country tottering on the brink of sovereign default? Even Krugman and other Keynesian agitators will sometimes trot out Ireland as an example of a country which is so indebted that it has no choice but to contract public spending. (You could say that this is a rhetorical ploy, similar to how Afghanistan used to be hailed as the "good war" in contrast to the "bad war" in Iraq. Doubtless Krugman would be campaigning for more deficit spending in Ireland if he were based here, rather than mainly concerned with Ireland as a prop to use in arguments over US policy. Nonetheless he's correct to say that we can't afford it.) And even under any likely turn of events which sees Irish bank bondholders getting burned, the sovereign's credit is still going to be touch and go at best, partly because of all those “unconditional and irrevocable” sovereign guarantees given to bank bonds.
Needless to say, if the Irish state defaults badly enough then the books will have to be balanced instantly. As it is, the plan is to bring the Irish deficit down from its present grotesquely unsustainable levels (even if you exclude the "one-off" money chucked into the banks this year) to 3% by 2014, and TBH if we miss 3% by one or two points it probably won't be the end of the world. Not exactly an ultra-hawkish plan. And all the major political parties, including the Labour Party, are in rough consensus about the size and timing of the adjustment that will be needed.
There are a few other things I should add. One, Ireland is a highly open small economy, so deficit spending for demand-management is particularly ineffective here. No-one will be buying an Irish car or an Irish television with their stimulus money. Two, if the public sector unions want to contribute to infrastructure investment in this country they're well placed to do so. All they have to do is voluntarily give up the Croke Park agreement, under which their wages, numbers and salaries are protected at levels far above those of the private sector in exchange for yet another set of promises about co-operation in public-sector reform. And unlike the sovereign bank guarantee, the Croke Park agreement has an explicit get-out clause for the government in "unforeseen" economic circumstances, which the government has declined to activate. Third, and this was my original point, the only message that's likely to win support from most foreign audiences - like, say, the German public - is the unfairness of public borrowing to pay private bank debts. A Greek-style "we demand free money" anti-austerity message is not going to make many friends in Germany, and it will drown out the pro-restructuring argument which actually has traction there.
http://www.rte.ie/news/2010/0107/revenue-business.html
It's not about the one-off (though that was patently stupid) as much as the 6.9% - (theoretical bps); how do you get to 3% of GDP while paying that kind of interest without going potato famine mad?
Hasn't the capital flight already begun?
The Germans will be tapping their public soon enough. Eire + Port + Spain....tipping point. They'll have an interesting time getting approval through their gov, to be sure.
I'm deeply interested in the rumblings about haircuts from the core...bluster or butterfly kicking up a hurricane?
All good questions. I could speculate, but we're likely to be getting some of the answers soon. Probably the EFSF deal is finalised and ECOFIN will vote on it today. Latest reports suggest c.6% with no senior bank debt haircuts, but let's see. (Obviously the "gosh, we tried for haircuts" story could just be government spin.)
Until the names and locations of the subject "IMF officials" is publicly known, this whole process of public indignation, clever banners and half-assed "media/PSYOP" reporting will not address the real injustice overtaking the entire world.
What are the EXACT NAMES of the people "negotiating" these bailouts? Where do they live? The names of the IMF people, the bankers holding the "debt" and the local politicians whom seem compelled to embrace the Jedi mind trick and otherwise turn a bond offering and subsequent workout with a private bank into national servitude.
Default. Let the debt holders hire their smart lawyers and file their claims. At least you know were their offices are.
I am a little surprised how much the Irish have turned pussy in the wake of recent events. There is zero reason to clash with police. There is every reason to target by any means necessary the briefcase crowd that seek to suck the marrow from the bones of Irish children.
Fág an bealach!
“Blessed are the young, for they shall inherit the national debt.”
-Herbert Hoover
“Today, there are three kinds of people: the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s.”
-Earl Wilson
“Interest on debts grow without rain.”
-Yiddish Proverb
“A mortgage casts a shadow on the sunniest field.”
-Robert Green Ingersoll
Actually, young people in the Western world are going to inherit a place built on debt.
Which is much better than a place to be built on the prospect of future consumption.
???
They/young will be charged/debt to use things that used to be owned by the state/people because of debt.
Of course they are going to be charged to use things, that is what is commonly done to cover maintenance costs.
Still, their situation will be tremendously better than any country that was not able to be built because they could not resort to debt as the West can (no repay in sight) and will have to be built on non existent resources.
Please, sometimes, being serious never kills.
The youth that is screwed is certainly not in the Western world, when their place is being built on non renewable resources through a debt scheme.
It's an interesting point (rather to have infrastructure built then not), but it depends upon what's been built, its usefulness, its flexibility, its carry cost, etc.
From what I've read, a significant portion of the property built during that time will have little to no future usability.
Furthermore, having the infrastructure built pulls forward the employment demand for the building/construction. So, again, your point might be valid in the abstract, it depends upon a variety of factors.
The real question is why any sovereign country should resort to debt. Are the currencies issued in a country not backed by the sovereign country which issues it? Why pay interest in digits on a computer hard drive that the country itself guarantees? It would be like handing a bank my money and then borrowing it back and paying interest.
Actually, young people in the western world are going to inherit a place built on debt.
Unless they wake up and default.
Anyone who does not default is insane.
Anyone who understands how the predators-that-be produce ZERO, yet they are allowed to create money out of thin air and lend it at interest, will happily say "drop dead" and default.
It is inherent corruption of the worst possible kind to say "Hey you, kid. Just want you to understand that people a couple decades ago borrowed a whole boatload of money, and assigned the debt to you. So you are a debt slave the rest of your life."
I mean, really. Anyone who understands this, and understands how infinitely unjust, unethical and corrupt this is, will default in a nanosecond. The time is far, far overdue to just say no to fiat debts. Nothing created out of thin air has value, and lending it is fraud. So default, then hang the banksters in the village square to remind future predators what will happen to them.
List of IMF governors and countries
http://www.imf.org/external/np/sec/memdir/members.htm
Contagion, Decoupling, and Bank Bombs.. BB's. These are going to be heard more often.
Be sure to Google the BB term for trend linkage.
did you hear about the two irishmen standing outside a bar? it could happen!
Missed the mark there by a few years, we've been standing outside bars since they banned smoking many years ago. :-(
We are all peaceful but your dealing with modern day Banking Al Capone's.. they only understand force. Cowen looks like a little pig ripe for roasting doesn't he? lol
peace yes, some day in Ireland? .It's been 800 years.
deleted
Have to say the energy of the march looked pretty tame and complainy.
No fire yet. Because, it seems, that life on the streets of Greece is not very different from what it was a couple of months ago. A little fire and then mostly ice, seems to be the fate of a domino in this game.
People are ensuring they maintain their standard of living. Maybe this is what the rash of credit limit extensions were in the not so recent past on credit cards.
Anyone know what is the CC debt situation in Europe? Specifically the PIIGS? I'll assume people are getting behind....
CC Debt, it seems to the cause and enabler of this seeming status quo, leading to dull Irish protests for heaven's sake.
Same situation developing here in the home nation, In D yeah!
ORI
http://aadivaahan.wordpress.com
"Have to say the energy of the march looked pretty tame and complainy."
Chemtrails are extremely effective.
When the time comes and *they* want to spark violence, the planes will be loaded with the proper chemical cocktail.
Look up Ephesians 2:2.
Hmmmmmm..... funny, the king of air has been a big part of my life, not in any biblical way, but otherwise.
ORI
Of course he's a big part of our lives--he owns and operates the planet's financial system!
Violence is what brings out the jackbooted goons and thugs hired by the Banksters.
Change the *system* from the bottom up. Get rid of debt-based, borrowed into existence fiat currency operated by Private Banks. Monetary education will break the chains of debt-money bondage (pun intended).
http://www.youtube.com/watch?v=hWGYWTItbGU
I am downloading the video for later viewing.
Ironically, there are two chemtrails drawn into the background, just above the building.
Know what you're dealing with: nanoparticulate aluminum clogs clear thinking.
Calming agents or their antagonists can be sprayed. I have seen jet drones spraying over my house, purging their tanks. They are in control. Well, not exactly--but they do have the upper hand.
Shut up, my football game is on...
and nazis were who exactly? a bunch of aryan master race types? suuuure...
"...In 1973, on an Atlantic island, the author ran across a
staff officer with whom and together with other men from
a dozen of European nations, he besieged Leningrad some
thirty years earlier. At the outbreak of the First World War, his
parents, Jews of Vienna, while on an oceanic voyage were
impounded and later settled on this island.
After first few drinks in a Casino have loosened their
tongues, the author asked him: 'Amigo, being a full Jew
how can you wear these three medals and decorations
with the swastika on your chest?" "Well", came back the
answer in a beautiful Viennese jargon: "why don't you start
scratching on Hitler yourself? Then you will see that a
Vienna Jew like me will appear."
http://ellhn.e-e-e.gr/books/assets/founder_of_Israel.pdf
Quite interesting...
"Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st.
The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior.
Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.
What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster?
A story about greed, fear and randomness from the insides of Wall Street."
http://topdocumentaryfilms.com/quants-alchemists-wall-street/
They're both tools being mis-used by crooks (whether through ignorance or arrogance, we're not sure).
There's nothing inherently wrong with using models to estimate risk; it's the lying about the inputs and bad assumptions (e.g. that you can use a copula based estimation of a bivariate normal distribution without the underlying data actually having a normal distribution) that scrooges your pooch.
As for HFT, it could be used to actually provide liquidity to the market that would be a common good, if only we could get the frat boys to stop DDoS'ing the damn market. It's TCP/IP...can be used for good (yay ZH!) or annoying griefer-squatboy malfeasance, in the wrong, enabled-by-others hands.
A transaction tax which is 0 for bids open for > 1 min would work wonders.
As for getting the TBTF to stop brow-beating their risk managers into silliness, just insure that we'll never be held responsible for keeping their knee-caps whole in the future by mandating (oooh...statism) that they have another 'reserve requirement' that N% of their leverage (I'd suggest 50) needs to come from instruments which can be converted into equity in the event of default with no taxpayers on the hook and senior-senior-senior creditholders allowed to dip into that re-capital (or take a haircut as their accountant advises).
But what do I know? I'm just a 'socialist'. :)
http://www.youtube.com/watch?v=tvlJc8ilD5o
I like this idea a lot. I hang out around these parts to try to discern how to best a universal transaction fee on the use of money--but only to replace all taxes/fees.
My gut (really all I have with regards to most of my theory) tells me that there are situations, like a casino, or trading on some individual account should not incur fees for what happens within that account.
For instance, since I have never traded except in some mock deal 30 years ago in high school, I only really imagine what's going on.
I suspect that if I had an account and bought some of this and that and an option or two here and there and a couple shorts, that once funds hit my account, from there on, it's tax free (plays longer than a minute). The HFT's could pay the subsecond hit of .49%.
I don't like that trading should incur any sort of tax. One should feel as free as possible to make as many plays as one would want.
The fees only come in when taking money out. Move it out of a trading account, .49%. Buy a loaf of bread, .49%.
Fifty cents will move a hundred. three if you want cash. thirty to pull a thousand.
Looking at the magnitude of the movement of money over the planet, the most dollars move in a very few channels. Like shipping channels, these money trunklines move an incredible volume every day. There's a handful of major players. Their responsibility is to maintain the monetary infrastructure, and they siphon off into the people's treasury for purposes of debt disposal, negotiation with the several states with regard to their participation. The several states meet in constitutional conventions that do the federal government's budgeting. As debt is retired, it is replaced with the peoples' sovereign money, which becomes the only accepted currency for use as loan collateral, and banks should be moving towards 100% reserve requirements.
So let's say the big boys have all the cards, and the hand is over. Result, them, 99% of the chips. You, 200% down. If the big boys want to play again, we need a new game.
Hell, let's play HORSE. The only new money that is able to be created is in the accounts of the members participating in the latest event.
Next we move to a house where there is no rake, but the conversion costs you .49%.
I somehow think that this game has been all right, so long as there was plenty of chips on the table, but people are cashing out of the casino right now. They know it's rigged like a sub-prime loan, and average daily balances.
All sorts of creepy mechanisms set up, but not a single one good enough to where everybody has a place to live, and something to eat.
I don't mind lazy people so much, when they aren't homeless and hungry. I think it would be no problem to create a monetary system that does what we might like it to do, rather than leave it to the dunce-cappers at the fat stacks, and the ones running the casino, and the rules of the game.
I say, let there be slot machines that take irresponsible money. Isn't that the issue? Irresponsible money? Money that bought big entertainment systems and pimp out their cars is irresponsible money? Money that goes to Joe to fix the vintage cadillac is irresponsible money? Money that goes to a crackwhore mom that needs some groceries to feed a growing boy-wonder athlete. Money that is actually consumer spending in any market is relatively tiny compared to the amounts of money that is flowing through the digital infrastructure and sub-structures.
So if the people became the source of all future banking reserves that may be lent out into the consumptive and productive portions of the various sub-economies.
But the largest USD value of transactions comes in on the fat pipes.
The conversion rate of cash is based on the velocity of cash (before brought back to digital). I remember 6 in my head, which would mean 3% to take cash, but every transaction done in cash is tax-free, because it has already been levied the average fees that the cash had upon withdrawal. Reconverting cash into digital need not necessarily subject, either, and the cash velocity can be registered in a public real-time way.
We can run a test economy a few times as exercises. Open trading with the preliminary rules, and people could play, say up to 10,000 in the market.
The reason to audit the fed would be to determine its fitness to continue handling certain aspects of their contractual agreement. Their charter is up, as far as I am concerned, with their 100th year, and wouldn't it be sweet to launch a new monetary regime as we toast it's colorful adherents fat, old, and antagonizingly rich. They should go have fat, happy retirements, but if anyone's to be going Galt it's those two and twenty class and the moneys that feed them. The transactions that should be most susceptible to incurring a fee must be the largest. The larger the amount, the more likely that big money could be made or lost based on it.
The people have to bail out the banks and governments by innovating around the traditional problems. There is no reason we should not have constitutional conventions in each state.
We must revoke the money powers from the abusing class and render their totalitarianism obsolete. We need to empower the national referendum possible with democratizing the money-creation mechanism.
Now the people have an account that many on benefits already have already spent up. But being allowed to monetize the cost to taxpayer up to the sustenance level.
Rather than talking about deficits on the federal level, I'd rather talk about it on the personal level. If a vet needs expensive health care, he might run a serious account deficit but who cares? Why would we ever want to ask a vet to go without, while banksters buy up Greek island paradises?
Even if our country's roots are full of shady characters and questionable ethical standards, they still hit some pitches deep. We spend so much time railing against the system, instead of busying ourselves about the task of reinventing the next 100 year wheel. Let's not have it be serving debt.
By moving from a massive debt (imposed from above to suffocate any of the mere mortals from doing anything untoward), we pay off our debts and that credit money is gone forever. Remember the myth about if we paid off all our debts there wouldn't be any money? Let's take that bet, and lead with some debt-free money, funded by the US monetary system.
If the global reserve currency is mainly USD, I think we should go ahead and try to deserve that distinction. The trick deck that the debt-money game is played with is played out. We don't mind the designs so much. The actual physical bills themselves are alright. I wouldn't mind them containing some real gold, in deference to gold being the standard by which currencies are measured.
Not greenbacks so much as goldbacks. I like population determining the quantity of money that percolates into the system from the people, which is siphoned off the top. New life to support grows the supply of money.
Every year or every day is like a new poker tournament. Everyone starts with a 1000 chips. Government support of healthcare, education, etc. should be able to be opted in/out of, being able to monetize any benefit not taken.
I'm not in any program that wasn't seemingly mandatory. I work for people who write checks that money is subtracted from, and I seem to get some sort of statement in the mail about the state-run pension ponzi.
330 000 000 * 12 * 1200 = $4.725 Trillion in life-support
2 quadrillion USD *.49% = $9.799 Trillion in user fees to treasury.
Federal government to contract with regards to only managing issues that plague personal account deficits. The deficit run are forgiven at death.
This puts things in an almost over-funded solution. We have a permanent mortgage bailout plan by injecting 1200 debt-destroying dollars per person per month.
I think the governments should actually be floating in surplus, such that the fee may be lowered as the national debt is retired, and there are no fears with regards to the basic necessities of the populace. By removing all taxation but the small fee for every business entity that wants to do business. The cost of employment no longer entails payment into various social and unemployment sorts of funds, and no longer responsible for withholding and the like.
simple and anonymous pay-to-play. Remove the distortions of the tax code by burning it for heat. I bet we could heat the country for a winter with the sheer volume of useless, intrusive and unconstitutional tax structures. We can replace it with one that anyone can understand.
Don't even need a post-card or a stamp. The fee is already built in, and subtracted sometimes within a few moments of your having paid it. The treasury has a real-time number to throw up that reports its balance. If the surpluses went mainly to debt retirement, then we could all throw a big bash for the moment we finally were in the green again.
At that point, the rate could begin to recede as the debt service went down.
I like a bicameral budget. Split federal government spending into two parts, half that is under control of the house, and one under the control of the senate. Repeal the seventeenth and the people get even more control over the budgeting. We would figure out that we might be able to vote ourselves a raise, but I believe that would be the gravest mistake. We ensure that there is no slavery by paying everyone simply for being alive.
Sorry I go on so long. Gotta learn to shut'r down.
So what's another idea?
total blackout on all news services in the uk..
shockingly familiar
The FED, IMF, ECB are taking their prey one by one. Blowing up their economies and coming to the rescue with money they are just creating out of thin air. Exactly what has happened to America now that the FED is in control of monetizing our debt.This was the plan from the start, how else could they take control in stealth mode? You wonder why Ben Bernanke wouldn't disclose which central banks were getting the money from the FED? Because they were staging this takeover and didn't want to be revealed. They created the problem and now we are just handing them more taxpayer money so they can supposedly fix it? WTF, this power grab is getting rediculous and it is starting to become obvious that it was intended from the start. They now have total control by collapsing these economies and then OWNING them.
http://www.youtube.com/watch?v=rCWXrMCGJT4
or
http://www.youtube.com/watch?v=n0NYBTkE1yQ
Looking at the video the people in Ireland look a lot like the Tea Party protestors here in America. They seem like reasonable working class people who are appalled at the mismanagement and consequences. This goes to the heart of my core belief that this is exactly what happens when you cede your personal sovereignty to the State. You believe they will run things well and to your benefit. They do not, will and cannot because they are not bright enough to do what they purport. In a democratic government they will vote far more than they can pay for. Greece, Ireland, Spain and no doubt eventually the USA will all learn this lesson, over and over and over again. It will never stop. The socialist state will always and forever fail. Economic and currency tricks just delay the inevitable.
capitalist payback ................socialist having been pen feed , brain washed, now thinking they know best. Just wait till OTC dir unwinds... hahahah...
We are about to embark on World War 3 and its starts with N. Korea. Please watch the video “Brink of War, Mission Accomplished at (http://www.youtube.com/watch?v=ZvVDt-sPQ8w).
Anonymous-
The more we can distract you from the truth and from the Great Depression II in this Country, the better!!
I would rather be distracted from the truth and live in great depression than see war. I think America has seen enough graves of young men and women.
the "truth", the depression, and war, are all one and the same.
the same game that is.
and no matter which path you chose, they all send most of humanity into the grave.
and the sooner people realize that, the sooner they will know that there is only one way to avoid that ending. stop playing the game.
Yes, we do need WW3 (world war 3).
However, that war needs to be a worldwide war against central banksters, and their practices of fiat, fake, fraud, fiction, fantasy, fractional-reserve-practices, and power to create fiat-debt "money" out of thin air, and manipulate everyone and everything with that "money".
So yeah. If that's what WW3 will be, bring it on!
Why is the taxpayer paying for the IMF?
Because the banks run the governmet perhaps?
Yes.
I hope that all those people who were high five'n those spoiled french are paying attention.
this is what protesting for real rights is all about.
One Ring to rule them all, One Ring to find them,/ One Ring to bring them all and in the darkness bind them....
Hitler should be re examined alongside bolshevism and the jewish role in the West for the past 250 years. I believe that he was right about most everything.
"We were not foolish enough to try to make a currency coverage of gold of which we had none, but for every (new reich´s) mark that was issued interest free [non usury system], we required the equivalent of a mark's worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank." -Adolf Hitler, 1937 (CC Veith, Citadels of Chaos, Meador, 1949.)
"And it proved sound. It worked. In less than ten years Germany became easily the most powerful state in Europe. It worked so magically and magnificently that it sounded the death knell of the entire (Zionist) Jewish money system. World Jewry knew that they had to destroy Hitler's system, by whatever means might prove necessary, or their own [system of usury] would necessarily die. And if it died, with it must die their dream and their hope of making themselves masters of the world. The primary issue over which World War II was fought was to determine which money system was to survive. At bottom it was not a war between Germany and the so-called allies. Primarily it was war to the death between Germany and the International Money Power." - William Gayley Simpson
Tip from me to you:
You are so ignorant, that you don`t need to worry about the Jews. You don`t require any help fucking yourself back to the stone ages. Enjoy the ride.
Thanks for your concern. jew.
Now go fuck yourself.
And you're what? Ubangi?
Honey, i own your ass, you should be a bit nicer.
As you were, shithead.
Not YOU again. You're a broken record. Go away.
Hitlers monetary/treasury system was built on theft and murder.
The only way it could be sustained was constant plundering of other peoples treasures. Hence, the nonstop invasion of his neighbors.
Hitler was a thug, like many others.
6000 years of civilization , said Gold was money. Hitler's Germany was bankrupt and so he by default, had to restort to a closed system that even if war had never happened would have failed .. history of a thousand dead city states all failed without having Gold or silver to pay . Hitler should have explored for natural resources before he wasted Germany's blood.
Americans will be much more violent. I have two friends who are on government pensions who are Tea Party members and I told them that they are supporting the guys who will take away their pensions. They laughed at me. I am sure they will soon be violent.
I am sure they will soon be violent.
Gubmint workers. Surely you jest.
Yep, you're sure right, and all those stories you hear about the Soviets winning the war are evil propaganda! The nerve some people have to suggest that the degenerate Georgian Stalin and his untermenschen Russian generals outwitting the great Aryan Hitler!
Now keep eating that bratwurst, Fritz, I want you nice and fat.
trav is right.
Until people start getting killed, what consequence is there to crowds walking in the street. Crowds walking in the street are crowds that are not smashing bank equipment. If you were a bank, what do you prefer?
As for you abhor violence types, what exactly do you expect to tell your children, whose lives will be spiraling downward forever to configure them as forever inferior to bank executive children. That is, after all, their role in life -- to provide vacations for bank exec familes.
Oh, but you think they'll have every chance to better themselves? How? Harvard won't take them. How will they compete with the bank exec children who are bought admission?
Either riots start killing people, or you admit you don't care enough about it.
And you guys who think gold and silver are what will define you as Bill Gates and reduce Bill Gates to you -- you are, literally, dreaming. Any time gold or silver appears to be a threat to the powers, the powers will take it away from you. You'll lay down and accept that, too.
+ 1000
The time for killing has arrived.
You are a nazi, jew hating s.o.b. Hitler was insane and he brought about the death of tens of millions of people. Go back under your rock and stay there.
It might be time for a few more movies.
no business like shoah business, eh?
Hey libsod
The criminal banksters own your soul everytime you start jew-baiting.
Read Arthur Koestler (a jew) and ask yourself if every Jew is the cookie-cutter persona you like to dwell on.
Kayman (not a jew, sigh........)
Lotta Anti-Semitism here
"jews" aren't semites.
An old fashioned Jewish typewriter (cash register) with a line thru it? Milestones
I dont like the pig symbol, it references the acronym, plus its an innocent abused animal you know what corporate food lots do to them
I like the Fuck Off and a positive replacement. what we get instead. we deal with each other. eg my own life hand holding my stuff .. self sufficient.. (have not got that worked out)
the boot of the banker has been here for thousands of years, its overlaid thru all law except Common Law of each country.
the pig sabotages the idea, it gets between what is meant.
the boot is good. Its the symbol and the experience. the feeling.
get the banksters out, and then we get life in the space they took
Mollison and Permaculture have been working for 20 years at least for surviving life without the banks and imposed fiat.
I'm an Irishman who was at the march today. I'm young enough to think its worth trying to rebuild this country and old enough to remember the recession of the eigthies and think about leaving.
You might say we got a dose of reality here in snowy Dublin and a fat loan but yo'd be wrong. You see you have to understand the Irish physche that the bankers exploited. After 800 years of serfdom obviously the most important thing to a paddy is property ownership. Get on the laddder thats all my generation heard and mine before me . Man I was so lucky that prices out ran me and didnt get sucked into the debtfuk but most of my family and friends got caught by the squid.
Marching is old skool and you might rightly say it wont achieve much and i agree but for about an hour today i thoought we had something, then i turn on the news both irish and international and they report that there was 40 to 50 thousand people there. I tell you now that the march was bigger at least 100k and it was bollocks freezin today. The only images on standard programmed politburo TV was of the few tossers outside the Dail (Parliament ) the other side of town. Cheers! Cheers! Cheers! Thanks for not showing any images of the normal regular people of Ireland with their children and grand parents who went to o'connell street where our democary was born. So fuck you Sky , fuck you RTE, fuck you BBC fuck you all for not reporting the true disgust frustration and turmoil of the normal working and middle classes of Irealnd. My prime minister told me that their was no shame in going to the IMF. Theirs no shame here theirs embarrsament that those c+unts brought us here somehow speak for us.
whats worse is that the public are motivated, do want to do the right thing , do want to pay their stupid personal inflated debts but not the landlord/banks gambling debts. everyone understands this is bullsh1t but the government ploughs on. The only one speaking on behalf of the Irish and the other periphery countries is as youve seen here with many thanks to ZH is Nigel Farage! The mans nailed it but fcuk me a brit standing up for us paddies?!? thank you nigel your a gentleman.
so screw the EU? thats where the problem is. i dont think theres many europeans that dont like the EU as a social concept. If i thought we had it bad with 800 years of the brits i cant imagine what is was like living under feudal europe. yes we might have had window and chimney tax, the famine and Cromwell but we didnt have some prussian tosser or venetian tit burning thru our lives and land on some ego driven conquest to balance the books or impress some Medici princess and thats what we thought the euro project was set up to avoid. The rest was just shit and folly. dont think we think the EU as a social project is over or we're bailing on Spain or Portugal, read your history they are all the countries that we fled to or vice versa when feudalism over religion pomp was the ordeer of the day. People mocked the PM of Greece when he said we dont want yer money we want your solidariy now i know what he means.
So you might be perched on you tower in what ever country thinking this aint about me i got my life sorted i got my gold and silver i'm going to sit back and watch the fireworks. Well that what i thought up until a week ago. who wants to be sorted in a land where all else are wretched and distraught. this is my land and this is where i want to have a family and share my life with them my people, culture and heritage. The social fabric is literally being torn apart here.
sorry i should end here obviously the saturday night gargle and the lazer guided melodies made me feel human for a bit.
Ah, but to feel alive . . .
Thanks for sharing yourself with us, jr. We hear precious little from the front lines, though we squirm on the edges of our chairs straining to see what the media is willing to provide.
God spede to you sons and daughters of Eire.
Keep fighting and educate your people.
Juno
Hang in there. Ireland is not alone in fighting the money printers.
I ask you- with all the debt saddled onto Ireland, was there any wealth created ?
Or do you have real debts supported soley by inflated assets ?
...who wants to be sorted in a land where all else are wretched and distraught. this is my land and this is where i want to have a family and share my life with them my people, culture and heritage. The social fabric is literally being torn apart here.
Ain't it the truth here as well. The shit's gotta stop and now. Our society is decimated and there's a call to war but it ain't against the muslims, the koreans or the chinese.
Yup. The ganster banksters are the enemy!
End fiat.
End fake.
End fraud.
End fiction.
End fantasy.
End fractional reserve practices.
And most important, end government!
This entire scam must end - where a bunch of elitist scumbags printing up unlimited piles of "money" out of thin air, and lending it out like crazy maniacs without standards, and thus driving up prices through the stratosphere so nobody can afford anything without going in to debt.
Make WW3 the worldwide war against banksters.