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Angry Student Protesters Storm Tory HQ In London
Wonder why the EURUSD just dropped by over 120 pips in an hour? This may have something to do with it:
From CNN:
A group of protesters broke into the headquarters of Britain's governing Conservative party headquarters in London Wednesday and set off flares before being forced out of the building, CNN's Atika Shubert reported from the scene.
They went on to set fires outside the building, where police presence was "minimal," she said.
The violence came during a largely peaceful protest by students against government plans to allow universities to increase tuition fees. The National Union of Students said 40,000 demonstrators were on the streets.
And from the Telegraph:
A group barged into the lobby of Millbank Tower, near the headquarters of the Tory party, before being forced out by police and security officers. They then began setting fire to placards outside the entrance.
Windows in the office block were smashed and a number of smoke bombs thrown. Dozens of police surrounding the entrance were pelted with water bottles and jostled by the passing protestors.
Up to 50,000 people, many waving placards, are marching though the streets of London in the biggest show of opposition to the Coalition Government.
Fun and games starting everywhere.
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We hope so, given precedent.
...the elite will let them eat cake.-)
Likely. That phrase, intended by Rousseau to illustrate the attitudes of the callous nobility, actually illustrates the folly of government price fixing. Bakers at the time were compelled to sell plain bread (the urban food staple) at a certain low, formulaic price but they were also compelled to sell the fancy stuff (brioche actually) at that same low price in the event that they ran out of the cheap stuff. Given these incentives the bakers didn't make much cheap stuff and instead tried to make a living selling product that actually had a margin in it.
Obviously it's an understatement to say that the French nobility and French society in general had other issues but when TSHTF things were exacerbated by the unintended consequences of elite central planning and entitlement granting.
Typical of Rousseau (all four of my kids are wards of the state but I just wrote a great book on the proper way to raise children!!) he can't see the big picture - in this case the fact that this princess-attributed comment (which he likely made up) really demonstrates how the nobility stiffed the merchants who provide the good//service in question. [BTW check out the history of U.S. vaccine producers]
Anyway, there's a lot of that going around these days. So...perhaps: "Let them eat a minimum 3.0 GPA" ??
Do you see any difference between GBP and EUR?
Why did they say this affected EURUSD instead of GBPUSD?
Zerohedge does let itself down sometimes.
As if a few students protesting could affect EURUSD. The UK has its own currency remember?
It is however indicative of social mood changing across the world.
Is that a crashing stock market I hear?
Well.. or mayby this is the reason...
Spreads of the PIGS are ROARING
http://www.bloomberg.com/apps/quote?ticker=GSPT2YR:IND
http://www.bloomberg.com/apps/quote?ticker=GIGB2YR:IND
http://www.bloomberg.com/apps/quote?ticker=GSPG2YR:IND
Oh my God! Student riots made the speads to roar!!! :)))
you spelled spreads wrong. i use the spell check abd dictionary constantly to find my mistakes. it is rather handly on ZeroHedge. but ZeroHedge always comes up spelled wrong so just ignore it.
Spreads of the PIGS are OINKING
http://www.youtube.com/watch?v=9gLN3QoN-q8
I suppose this has something to do with Lloyds bankers getting record bonuses this year? Wait until the people really discover the fraud!
wait till they find out they are supposed to work all their life living in a rented rooms to pay off debts of the generations before...
I like the sign that says: "Fuck Fees. Free Education NOW!"
My sign says: "Fuck You. Grow Up."
education should be free(financed with taxes) for a couple of reasons.
1. young people studying at university is good for society.
goverment should absolutely do what it can to make sure at least half of young people go to university.
2. poor kids should not have to become debtslaves to be able to afford university. birth is a fucking lottery and we need to help those young people whose parents are poor.
a free quality education is the best way to do this.
That was cute.
Maybe Sharks should stop biting surfboarders because it's not nice.
oiii
Nothing is free. Someone must pay for it. "Free education" comes in two basic flavors.
1. Government Subsidized. That is when the government takes my money at gun point in order to pay for your child's five year long keg party.
2. Endowment Financed. This is where a wealthy person endows money to a University voluntarily to pay for your kid's five year long keg party.
I have a huge problem with you picking my pocket for your preferred charity. I will not be the forgotten man. Fuck you. If you believe in college education for all so strongly, endow your wealth to your alma matter. I hear they even name a building after you if you do. Go for it and leave my wallet alone.
well i believe that in order for society to work and a nation to be strong there needs to be a central goverment that is financed by taxes.
in my opinion providing free schooling is not a frivolous use of taxpayers money.
Education subsidies from the Govt only increase demand and encourage rent-seeking behavior from the Educational institutions! You're demanding more imbalance! Check your premises.
+1..the gooberment subsidies are the root of the whole problem. Just as in health-care, all the gooberment subsidies just inflate the shit out of the costs. As soon as that douche-bag Clinton took over, we saw prices skyrocket. I went to a great public university and it cost less then my Jesuit high school (under $3k/yr). When 99% of the students who apply for aid receive it, the price is raised for all (and then others on the cusp get priced out and have to apply for aid and so on and so on....). END GRANTS and AID and you will see prices decline drastically.
Btw, with the Internet, one can learn much more then in college - you lose the camaraderie and synergies of knowledge, but for a $200,000 savings, you can join a fucking book club or some other intellectual group. I would rather give my kids $$ to start their own business then waste $200k getting drunk and high.
If you hate government "socialism" so much why don't you go live in the woods? Move to the rainforest maybe? You can enjoy your gold over there without those pesky poor people getting in the way.
That's the type of mentality that led us [as a society] into this big goddamn cul de sac.
Too many people like you in this world. I hope there's a mass extinction soon: I wouldn't mind dying if it meant assholes like you died with me.
Oh yeah, let's wage war on desert peoples that don't give a fuck about us; let's pay out of all of our motherfucking pockets for that bullshit, but education costs too much?
fuck you, seriously. No one deserves to be deprived of something as important as an education, fool. You dumbasses spend more money firing 70,000 dollar fucking missiles at shacks, and an education costs too much? You people disgust me.
++ and a de-junk, for stating the obvious.
amazing how people can be socialised to speak up for the gov't that cares nothing for them.
LOL
You guys trash these kids, but they are actually protesting a symptom of the same fucked up corrupt system everyone at ZH rails on every day...they just don't realize it yet. They are protesting the little sliver of the world their young minds know and understand.
They see a school system that is on the verge of bankruptcy and collapse. They see a system handed to them that requires that they cough up ever increasingly huge sums of money to get the same education the people before them received for much, much less. The deeper question is how did it get that way? My bet is bankster fraud and government incompetence & theft. How about you???
If you are over 28, quit the fucking knee jerk and thinking like your parents did. These are the kids that our government and banksters about to hand the biggest pile of dog-shit reality that has been seen since the Great Depressions. It's up to us as adults recognize this and channel this anger at the right issues and people.
+1 to that and +10 too Incunbus
They should have burnt the building with every fucking Tory and Lib D-em MP in it as far as i'm concerned
Uncle Ben just received the news on the student protest in the U.K., then he forgot about it ....
The PIGGies are about to go to market...
No to austerity - back to QE in UK...got gold?
Reap what you sow.The UK awakes.
We can only wish Goldenballs, we can only wish.
But not likely, not this time.
Also, unlike the US, the EU has not had a taste of Microwave HEating Crowd control and ultra high frequency crowd manipulator, etc. They have been tested in the US and canada as highly effective.
When really necessary, TPTB have awesome tools at their disposal.
It'll be fascinating to see where the David rises against this goliath.
ORI
http://aadivaahan.wordpress.com
It appears that things are escalating. The police are heavily outnumbered. For you voyeurs out there, there is a live feed available here - http://news.sky.com/skynews/
Since when does a specific minor UK problem (rioting because of an increase in students tuition fees) has any bearing on the Euro; this is a recklessy exagerating headline
;-)
and please remember that as far as rioting/demonstrating is concerned, the UK is a bit of a wet blanket next to our european cousins
When we grew up and went to school, there were certain teachers who would hurt the children any way they could...
Meh. The "fat and psycohpathic wives" are at home ready to "thrash."
Why do they not attack the banks in London ? Viva la revolucion !!!
this and EURUSD have no relationship whatsoever, actually laughed out loud when I read the headline
Large scale protests-> gov backing off austerity -> bigger british deficit -> weaker sterling -> sell us treasuries -> weakens dollar due to large holding -> higher interest rates in US. -> end of the world as we know it.
I feel fine. Was that a butterfly who's wings were flapping?
http://www.youtube.com/watch?v=vcrsEXxnzI0
The US does not protest because we are storngly influenced by our society. Look up Positive Disintegration for a primer on why those Euro kids are awake and our own society seems to be asleep...on a train...headed for the brdige that's out.
http://en.wikipedia.org/wiki/Positive_Disintegration
Cognitive Dissonance in particular should get alot out of this.
Bullshit. They're children that have been spoiled and are now going through entitlement withdrawl as they stamp their feet and kick the floor.
http://www.youtube.com/watch?v=dU7nG3KvZDA
Yeah, these kids leave their 50 acre estates, say tata to mother and aunt biff and proceed to break shit and punch police. I think you'll find the ones "causing trouble" have more in comman with this guy then those spoilt brats you have in America.
http://www.youtube.com/watch?v=f7kHcVNrAHY&feature=&p=670479FA998F9EF2&index=0&playnext=1
spot on, very perceptive chuck, this is why hoping that most ppl will suddenly "wake up" is akin to hoping Jesus will come down to "save us"
Fail. Is this also why GBP is up vs EUR??? LOL
Tyler, what's this got to do with EUR/USD?
It has *NOTHING* to do with EURUSD. Looks like somebody was frantically trying to connect market movements with news headlines.
Silly Europeans! Everybody wants a free lunch. When are they going to learn that free lunches are only for bankers and the Congresspeople they buy. Pretty soon people are going to adopt some childish notion that all men are equal under the law or something like that. That'll be the death of us all.
Will we ever see a march on the Fed? Treasury? Congress? The Hamptons?
+100 Exactly.
i hate to be the one trying to hold all the balls in the air...they just keep multiplying...
i wonder how long can these guys keep up trying to hold the tide...
all they need is a "good" POMO result at 2:00pm and all hell breaks lose...stay tuned
This is an example of democracy in action. Passivity in a democracy results in the powerful side becoming more and more powerful. Look at the US.
Silver and Gold in the tank, back at yesterday's lows and looking at another 6% lower in silver and 2% in Gold before the day is through.
AND A DOUBLE JUNK TO BOOT!!!
I view this pull back (and continued pull back) as a gift. Bring on the decline so I can buy more. I Unjunk thee.
No more benefits to get their ugly teeth fixed
Thath's thuper gay.
At the first whiff of trouble....
The hedge funds immediately dump gold and pile into dollars.
Works every time.
Fake students from outside England pursue fake degrees to land fake public sector jobs.
fake socialists
An work at jobs we hate so we can buy sh*t we dont need.
Yawn.. Did the OTB, Err, I meant pomo chart go up yet? I need to pick my Horse. My bookie recommends Golden Apple in the 2nd. A fine horse.
Sky News - "MI5 HQ sealed with heavy metal doors, police guarding rear exits". Well, if you're going to pick a fight...
I'm seeing a rioting mime in that last shot.
Friends don't let friends do mime...
Agreed. And what of the plight of the students of Mime? Will there voices be heard? "If looks could kill"
ever see the movie "Edward Scissorhands"? might check the guy's hands there.
They dont make protests like they used to. Attica, Attica, Attica.. Now that was a protest
Prison life gives that extra oomph to protest. These lameass welldressed, wellfed kids don't know how lucky they have it. Want to see a good riot? Go somewhere after a natural disaster when the food relief truck runs out of goodies.
Maybe i was wrong. This looks serious.
Signs, signs everywhere the signs.
Angry American Student Protestors Storm Fox HQ Cancelling Glee
My guess is these are the only sort of headlines that would have brought US students into the streets.
Don't underestimate the American capacity to riot. They just haven't had a real reason to yet; the unemployment checks and food cards still work. Wait until 24 hours after the handouts stop. Remember Katrina?
I agree with you that once they reach that point, it will be ugly. However, history has shown that slaves will endure a tremendous amount before they will push back. Let alone, those that don't even know they are slaves.
I agree with you that once they reach that point, it will be ugly. However, history has shown that slaves will endure a tremendous amount before they will push back. Let alone, those that don't even know they are slaves.
sports & porn & pharma-drugs - once the soporifics are no longer dispensed freely, some may go outside & make noises.
There are two fires burning on the 4th floor. The police have retreated and have "abandoned attempts to prevent the occupation of Tory HQ".
UC Berkeley students rioted over $100 increase in fees - what a bunch of pussies and whiners.
These kids now have to pay $11,000, instead of $1000. The difference is the real cost of education.
Gird your loins Berkeley, that's what happens when there is no more money to redistribute.
I love how people here bemoan taxes for "everything" and turn around and claim someone, anyone is or ever will get something for free.
Free tuition now , means they all pay into the system for the rest of their lives. You know it,children younger than college age know it.
Come up with a line of protest that makes more sense for your wingnutty Libertarian Gun-smoking hot barrel dreams. So far you all sound about as bright as a 3 watt flickr bulb on a dimmer switch.
Stupid kids! Why let school ruin your education? Better start learning how to barter and grow your own food, make your own clothes and start riding your bicycles everywhere! You brand new GREEN world is here! There is no money, there is no money, there is no money..... wash, rinse, repeat....wash, rinse, repeat. Last one's in, hold the Ponzi bag! Tag, YOU'RE IT! :)
BBC NEWS 24 LIVE for those of you outside the UK
http://atdhe.net/watch-bbc-news.php
^ Jinx
If you're having trouble with the EuroFox News, here's the BBC feed:
http://www.bbc.co.uk/news/10318089
That was a good Edward Scissorshands get up. Who says education does not pay?
I get the feeling we are slipping towards either a new communism or fascism globally, it is just to early to tell the winner.
My money's on Fascism with a sprinkling of Malthusian eugenics. One cannot merely like David Rockefeller, one must love David Rockefeller.
A few shots fired should desperse the crowd.
Tyler, wouldn't this affect the GBP more than the EUR?
Storming Tory HQ's instead of the Bank of England = EPIC FAIL. These students deserve whatever punishment is coming to them for their stupidilty.
Yeap , I agree
JE VEUX LES BONBONS!!!!
http://www.youtube.com/watch?v=v4jFqDGXjtk
But seriously, tuition should not be allowed to fluctuate from the time you enter a program to the time you leave. Is that so hard?
Perhaps a politician will formulate what tuition prices must be using a peg like minimum wages or the average earnings of a new graduate.
Better yet, abolish minimum wage, and let tuition be decided by the market by having students 'unionize' and negotiate a better price.
What I don't get is how easily snowed most people are about austerity.
Big government has raised taxes higher and higher to enable big business to steal more and more. For awhile it could cover up that theft with promises like social security and subsidized eductation. Now that the system is falling apart, they want to take those obligations away.
But not cut taxes or corproate welfare. No, the ultra rich "leaders" who caused this collapse must never be even slightly inconvenienced.
Younger people see this. They see they've been robbed to pay for benefits they'll never collect and being lectured at by morons and crooks with no right to judge them. And they're reacting in about the only way they can.
Really, I can't believe people are so snowed as to paint these poor kids as the problem.
social conditioning, combined with resentment that others might be getting more than "they" are. . .
it's an immature response from a poorly educated populace.
I know, but my point is that all of these people crying about there being no such thing as a free lunch are apparently blissfully unaware that they've already eaten a free lunch courtesy of these kids that they've decided to stiff so that they can crow about some kind of bizarro "fiscal responsibility" as if they had any clue what it even is.
It's hard to take any protesters seriously when they all have the same shiny, mass-produced signs.
I don't know what I want, but I know how to get it.
Vacation in Europe? Sounds like a riot!
Demand for socialism at it's finest.
Attack of the confused socialist mimes!!!
Ahhhhhhhhhhh!
This place attracts some amazing perspectives.
I am flabbergasted at the idea that an education is just another part of a society that exists to make interest payments to creditors. I mean, really. 6 billion hairless apes on the planet and some folks won't even admit to themselves that as a species we really kinda WANT to educate our children.
Distill down some of the posts here, and you realize just how crazy and stupid they are.
"We educate our youth so that loans can be given to the poor to provide interest payments to the rich."
Seems to me the idea is that if you can't personally profit from it, it's not worth doing.
Please don't breed. It's a sucker's game.
lmao - now this is how to get your message across - and i don't mean the students - rather it's the subtle message from the police who allowed the protestors to storm Tory party hq and smash the place up (considering the location and that the protest was organised with the full knowledge of the police it's hard to believe they were caught off guard) - note to david cameron from the london met police force prior to the budget cuts - don't fuck with the people who keep you safe....expect the planned cuts in police funding to be reviewed once cameron is back from pimpin his ass to the chinese....
Watching the live feed, I caught that lesson as well: The Police were not passionately opposed to the protesters, to say the least.
And what's more, now that the Police have tasted the direct threats of cut-backs, even cancelling those will not change their sympathies.
As several of the interviewed students said, it's too bad that violence is necessary to get peoples' attention, but it is what it is.
Hope they don't allow their momentum to be lost.
policing at this protest is in direct contrast to their response in April of this year, at the G20 London protests, which resulted in an innocent man's death at the hands of police. . .
http://www.thepickards.co.uk/index.php/200904/ian-tomlinson-metropolitan...
of course, the G20 is serious business. . .
Is it just me?I'm just a little pissed off that the only people displaying any kind of anger at what is going on regards the economy/bailouts and the insane policies enacted by governments to deal with them are students protesting at an increase in their tuition fees!!!
In both Ireland and now London we have seen a mild form of what should have been hapening following the bank bailouts last year and in 2008.But to the average bloke in the street he is oblivious to it all.Ask him what The Federal Reserve is and he wouldn't have a clue,Bernanke? never heard of him,fiat currency/monetisation of government debts forget it.
Joe Bloggs hasn't got a clue and that is what the central banks and governments are relying on,price of wheat doubles in six months?bad crops/bad weather.Food prices up 15% in a year -yes but inflation is only 3% and these rises are only temporary,Unemployment is up but we are printing money to help create jobs,.
Think about all the people you come in contact with on a daily basis and ask yourself how many would be able to understand what is written on these pages?
I could go on,but I think they are getting away with as long as the people remain clueless.
I agree with teaser.The students are after something for nothing.
Was surprised with the hostile response he got .
Seems there are more socialists/commies on this great sight than i thought.
the students should be targeting the banks.Not the banks puppet government HQ.
Dont the dumb asses realize theres NO FREAKING MONEY LEFT!!!
The socialists have RUN OUT OF OTHER PEOPLES MONEY!!!
It s gone i tells ya, gone.
Think about it. The students are trying to force the government to steel more money of the private sector to give to them. Take all the fraudulent corrupt huge bankers bonuses and give it to the students and government workers, and it wouldnt make a dent in the shithole we are in.
Its as simple as this.......Too many westerners consume a hell of a lot more than they produce(talking state "workers" mainly).
There is not enough people producing stuff we can sell to other countries.Seems to me most people in this country cut other peoples hair or sell fast food for a living.Well the people of other countries can cut their own fucking hair thank you very much.
Most of the banks shouyld be shut down like jim rojers says, and leave the competent ones to pick up the pieces.
Get rid of most government jobs. and icould go on and on but i m bored with explaining this stuff to numbskull socialist parasites and i need to be up early in the morning to go to my proper job in the private sector and build and weld some large chunks of steel to sell to other countries so all the state parasites can enjoy their easy lifes for another day.
Bye Eck, i feel better after that! Bring it on people...
government IS socialism
Umm, possibly. But a radically smaller government is ok in my view.Gov. is better suited to some tasks where proffit should not be the first concern such as law and order, and a few others. The host is strong enough to support a few parasites.But what we have now is totally stupid.
What were seeing now is the parasites complaining that they will have to die with the host.
Let the worthless critters try and feed of each other lol.
Why the EURUSD? What about the GBPUSD?