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First Person Account From Inside The China Protests

Tyler Durden's picture




 

Over the past two days we reported (here and here) on the Shanghai trucker protests over high has prices and low wages, which from peaceful promptly turned violent as more people joined the clashes against police (it appears only in America do people not protest these things). Today we present a first person recount of what is really happening in China, as unfortunately nothing coming out of the world's "fastest growing" economy can be relied upon.

The protests are very contained, as the gov is obviously powerful enough to stop it before it gets out of hand. My best friend was up in Beijing back in the beginning of March, though, and happened to be there on protest day and she said there were guards, policeman, military and they even brought a tank in! (like Tiananmen Square part II). She got out of Beijing asap as it was quite scary. I have yet to see a protest here in Shanghai, but that's because they have military dressed up as street cleaners and such in proposed protest spots to keep things in order. There are rumors that the gov itself is organizing the protests to catch anyone who shows up (those who have, have been detained and the talk is that they are likely sentenced to death or life in prison). The gov has also heightened its lockdown on the internet, blocking even more sites and the interest is sooo slow sometimes from all the blocking activity. Not sure if you've seen the disputes with Google, but without my VPN that connects me to the US, I typically can barely access gmail because the gov reads all incoming and outgoing mails from the China server. 

Other than the internet, though, my life hasn't been affected and I actually forgot the protesting was going on. Yep - that's how well they hide it. My western Chinese friends (those born in China with western citizenship and thinking) say that the people will eventually overtake the gov. My local friends are basically loyal to the gov and brain washed into thinking that their gov is great and they don't understand the protesting. I personally don't think much will come from the protesting. The gov has too tight of grip on its people and its communication (monitoring phones, interest, ect), they've instilled way too much fear into the people by making it clear that the punishment for protesting is severe (including death) and while there are a lot of people protesting more publicly now, there are, on average over the years, some 150 protests per day around China that no one even knows about because the gov keeps it so well under wraps. And while in absolute terms it seems like there are a lot of protests, a large percentage of the 1.3+ billion people here don't even understand what a protest is. 

And if all else fails, the government has a back up plan to blast American Idol on every Chinese TV 24/7, and remove the Turn Off option. Who says we never export anything.

In the meantime, however, as Reuters reports, things are a long way from being back to normal:

Striking truck drivers protested for a third day on Friday in Shanghai's main harbor district amid heavy police presence and signs the action has already started to curb exports from the world's busiest container port.

The strike is a very public demonstration of anger over rising consumer prices and fuel price increases in China.

It comes as the government struggles to contain higher inflation, which hit 5.4 percent in March, fearful that rising prices could fuel protests like those that have rocked the Middle East.

A crowd of up to 600 people milled about outside an office of a logistics company near the Baoshan Port, one of the city's ports. Some threw rocks at trucks whose drivers had not joined in the strikes, breaking the windows of at least one truck.

The strikers, many of them independent contractors who carry goods to and from the port, stopped work on Wednesday demanding the government do something about high fuel costs and what some called high fees charged by logistics firms, said the drivers, who clashed with police on Thursday.

China is especially wary about threats to social stability following online calls for Middle East-inspired "Jasmine Revolution" protests and has detained dozens of dissidents, including renowned artist Ai Weiwei.

As many as 50 police officers were at the area on Friday, and at least two people were arrested after throwing rocks at trucks. Plainclothes officers also briefly detained some foreign reporters and manhandled a Reuters photographer.

The crowd thinned out after a policeman said authorities planned to meet representatives of the truck drivers on Monday for talks aimed at ending the strike.

"Please disperse and go back," he said through a megaphone to truckers who had gathered near a road junction. "We are already talking to your representatives. There will be an answer for you on Monday."

But two truck drivers told Reuters that they would continue their campaign for the government to offset the rising cost of fuel.

"We are continuing our strike," said a 38-year-old truck driver surnamed Liu. "There has been no response from the government or anybody else. There's nothing we can do."

It has gotten to the point where it will likely affect the broader economy.

Duncan Innes-Ker, China analyst at the Economist Intelligence Unit, said the strikes could inspire protests by workers in other transport sectors, given rising fuel prices.

"There are strikes in the taxi driver industry on a regular basis in numerous cities across China," he said. "These are happening and they will continue to happen, and if the oil price continues to rise they will get worse."

China said in early April it would lift retail gasoline and diesel prices by 5-5.5 percent to record highs.

An official reached by telephone at Shanghai International Port (Group) Co, which runs the Shanghai port, told Reuters the strike "has not affected operations," though would not comment further.

But one executive said the action was already starting to affect the port's operations, at least for exports.

"The strike has delayed exports and many ships cannot take on a full load before leaving," said Wei Yujun, assistant to the general manager at China Star Distribution Center (Shanghai) Co.

"For example, if one ship carries 5,000 containers en route to Hong Kong and the U.S., now they can only carry 1,000 or 2,000 containers," Wei said, adding that such containers typically carry goods such as textiles and machinery.

Traders said that the strike had caused only minimal disruptions to refined copper flows. Waigaoqiao, together with two other bonded areas in Shanghai, hold about 80 percent of China's bonded copper stocks.

"There is more than enough stocks in the bonded warehouses to offset any short-term impact on supplies," said Bonnie Liu, a Macquarie analyst based in Shanghai.

Shanghai's most active copper futures contract closed flat at 71,440 yuan at midday.

 

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Fri, 04/22/2011 - 08:49 | 1195692 66Sexy
66Sexy's picture

Powder Keg. Look for drastic economic action. China government cannot affford to have union style protests over wages.

Try buying gold or silver in CHina... it's much more expensive than in the U.S.

The peg is what's killing 'em. About that rumor of Yuan upward valuation this weekend? Possible....

Fri, 04/22/2011 - 09:02 | 1195724 SheepDog-One
SheepDog-One's picture

Yuan revaluation seems to have a bit more legs in light of trucker strikes and riots over pay and taxes. Well this clownshow can only go on so much longer, its getting real flaky. 

Fri, 04/22/2011 - 10:30 | 1195961 MarketTruth
MarketTruth's picture

Have went to buy gold and silver in China, the rate is about 3% over spot for standard bars. Would not call it huge premium as go try buying gold in Vietnam where premiums are higher as the people are smart and truly value gold over paper currency. The USA is the cheapest, as you can get kilo bars @ spot price and 10 oz Pamp Suisse bars in the USA for only $18/oz over spot. Was in Austria and their Philharmonic 1 oz coin is available at normal banks; about four years ago it sold for about $30 over spot and odds are it is probably a bit higher premium nowadays yet have not been back to check.

Fri, 04/22/2011 - 14:18 | 1196805 reader2010
reader2010's picture

I heard some of the gold bars sold by the Chinese banks in China are actually fake. Buyers Beware!

Fri, 04/22/2011 - 21:57 | 1198138 TGR
TGR's picture

I think there is an additional 17% sale/VAT tax you have neglected to mention. Last time I bought physical in China (which is why I dont buy here) ICBC - a key bank - tacked on the 17% VAT, which you could call it a premium.

When you negotiate/price physical at gold outlets in China, they give you the spot price plus in-house premium. When you actually buy it though, the mandatory 17% surcharge is tacked on.

I will confirm it this weekend.

Did you actually go through with the purchase? I am guessing not as then you would have had the surcharge added.

Fri, 04/22/2011 - 22:36 | 1198234 Tail Dogging The Wag
Tail Dogging The Wag's picture

"Investors need to diversify, they need to own some real estate, they need to own some farmland, they need to own some equities, some cash, and some precious metals..."   Marc Faber —Investment analyst

Got real estate and farmland outside your home country yet?

http://www.thorssoncapital.weebly.com

Fri, 04/22/2011 - 08:48 | 1195694 tmosley
tmosley's picture

Tyler,

I might remind you that truckers DID protest in 2008: http://www.msnbc.msn.com/id/23903144/ns/business-oil_and_energy/

I can only speculate as to the reason they aren't protesting again.  My guess would be that all the independent truckers have gone out of business, and those working for companies don't pay for their own fuel.

Fri, 04/22/2011 - 08:52 | 1195700 cat2
cat2's picture

Yes, I think your reasoning is sound.  There are few independent truckers left.  (As there not much anything free market left in USA, just big government assisted/blessed business left.)

Fri, 04/22/2011 - 08:59 | 1195715 SheepDog-One
SheepDog-One's picture

The independant trucker I know sold his truck and said to hell with it, he's going fishing. He said his last 2 months of trucking were pointless and he made no money at all.

Fri, 04/22/2011 - 09:04 | 1195727 tmosley
tmosley's picture

Yeah, we had a number of friends of the family who were truckers.  Some of them have disappeared, one joined the Army, and one is driving a dump truck (lots of road construction going on in Lubbock).

I only know one person who is still an over the road trucker, and she isn't independent.

Fri, 04/22/2011 - 09:32 | 1195791 LawsofPhysics
LawsofPhysics's picture

I can confirm more of this as well.  I know one big-rig repair shop that was picking up trucks abandoned on the side of the road by independent truckers.  All their work is now coming from large corporate trucking.  The independent _____________ is dying in this country.

Fri, 04/22/2011 - 09:33 | 1195795 LawsofPhysics
LawsofPhysics's picture

I can confirm more of this as well.  I know one big-rig repair shop that was picking up trucks abandoned on the side of the road by independent truckers.  All their work is now coming from large corporate trucking.  The independent _____________ is dying in this country.

Fri, 04/22/2011 - 09:33 | 1195798 farmer1
farmer1's picture

Similar to what our independent truckers went through 30 years ago.  Now bought and paid for.  We got us a convoy...

http://youtu.be/T5RI30RJIPk

Fri, 04/22/2011 - 09:40 | 1195816 farmer1
farmer1's picture

Similar to what our independent truckers went through 30 years ago.  Now bought and paid for.  We had us a convoy...

http://youtu.be/T5RI30RJIPk

Fri, 04/22/2011 - 09:43 | 1195820 farmer1
farmer1's picture

Similar to what our independent truckers went through 30 years ago.  Now bought and paid for.  We had us a convoy...

http://youtu.be/T5RI30RJIPk

Fri, 04/22/2011 - 09:43 | 1195821 farmer1
farmer1's picture

Similar to what our independent truckers went through 30 years ago.  Now bought and paid for.  We had us a convoy...

http://youtu.be/T5RI30RJIPk

Mon, 04/25/2011 - 18:45 | 1205605 tomster0126
tomster0126's picture

Sad to hear so many similar stories...American truckers are some of the most hard-working men in our great country, it's horrible that independents have been forced out of the industry.  i thought about becoming a trucker as a kid, but now kids today see the profession as something lower than what it should be seen as.

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 09:25 | 1195776 JailBank
JailBank's picture

Independent truckers like Lincoln Hawk of "Over The Top" fame?

Fri, 04/22/2011 - 08:49 | 1195697 hognutz
hognutz's picture

If it becomes to serious, look for a Tiannamen style event.

Fri, 04/22/2011 - 09:05 | 1195714 Sudden Debt
Sudden Debt's picture

1 guy that ignored the red traffic light and who was confronted by a oncomming tank that was just barely able to stop in time?

And instead of being thankfull to that driver, he compained a waived a flag sho the thankguys couldn't get home in time to watch The Simpsons...

 

 

All I know is that if something like that made the news, it only means that traffic must be real safe in China.

I've walked through a red light many times... and here in Europe, I didn't make the news because I did so.

 

Fri, 04/22/2011 - 09:06 | 1195728 66Sexy
66Sexy's picture

"it only means that traffic must be real safe in China"

kidding, right?

Traffic in china is suicidal.... its who blinks first.

Fri, 04/22/2011 - 11:56 | 1196337 dogbreath
dogbreath's picture

bullshit.   I've seen a guy on a bicycle (la la la) cross a major intersection diaganolly, stopping all traffic.  It was astonishing for me the westerner that there were no blaring horns and him not getting run over.  Afterwards I thought the guy on the bike had a great sense of humor.

Mon, 04/25/2011 - 18:47 | 1205613 tomster0126
tomster0126's picture

traffic is great in China compared to New York City...considering Beijing is like a can of sardines compared to the Apple I'd say they've done a pretty good job of facilitating their transportation infrastructure.

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 09:53 | 1195835 Ethics Gradient
Ethics Gradient's picture

I've told you before about the traffic in Belgium! Traffic lights merely indicate suggested behavior.

Fri, 04/22/2011 - 10:14 | 1195884 duo
duo's picture

I got the riot act for jaywalking in Belgium from a cop.  Kortjik, IIRC.

Fri, 04/22/2011 - 12:33 | 1196465 msamour
msamour's picture

The Simpsons were not out during the incident at Tianamen Square in 1989, unless you are referring to The Tracy Ulmann Show, where they first appeared, then i'd say perhaps.

Fri, 04/22/2011 - 13:10 | 1196583 Sudden Debt
Sudden Debt's picture

There's always one smartass...

 

 

Fri, 04/22/2011 - 08:52 | 1195699 Ivanovich
Ivanovich's picture

Sorry to interrupt this important bulletin, but did anyone notice a $1, 10 second jump in silver just a moment ago or is my seemingly screwy feed broken.??

Fri, 04/22/2011 - 08:53 | 1195701 tmosley
tmosley's picture

I don't think silver is trading right now.

Fri, 04/22/2011 - 09:07 | 1195731 66Sexy
66Sexy's picture

they are just getting ready to post those 8's and 9's next week.....

Fri, 04/22/2011 - 09:18 | 1195761 breezer1
breezer1's picture

oh yes it is and its moving...

http://www.bullionvault.com/gold-price-chart.do

Fri, 04/22/2011 - 08:51 | 1195702 Sudden Debt
Sudden Debt's picture

It's broken. Markets are closed.

 

Fri, 04/22/2011 - 08:56 | 1195711 Ivanovich
Ivanovich's picture

That's what I thought.  I'm in a forex platform, and just happened to look at XAG/USD and it showed a $1 spike up.  So it must be bogus.  I'm hoping it's real, but oh well.

Fri, 04/22/2011 - 08:59 | 1195719 Sudden Debt
Sudden Debt's picture

Today is a fucking boring day...

27 degrees outside...

All the smart people took the day off and I'm sitting here like all alone at the office...

I didn't do shit today...

Markets are closed today...

Tyler is sleeping it off...

And I still need to "work" 1 hour before I can take off...

 

Fri, 04/22/2011 - 09:17 | 1195757 Hephasteus
Hephasteus's picture

Don't worry about the boredom. Things are going to get fully fucking barnum and bailey real quick.

Fri, 04/22/2011 - 09:25 | 1195769 pazmaker
pazmaker's picture

tell me about it sudden....I'm sitting in a 630,000 sq ft warehouse with only 2 other people here....(on the other side of the warehouse at that)

Fri, 04/22/2011 - 09:19 | 1195762 breezer1
breezer1's picture

markets are open in asia...

Fri, 04/22/2011 - 13:14 | 1196588 Sudden Debt
Sudden Debt's picture

I was talking about the grown up world.

 

 

Fri, 04/22/2011 - 09:19 | 1195763 pazmaker
pazmaker's picture

It went from 46.81 to 47.71....it is now back down to 47.28

Fri, 04/22/2011 - 09:15 | 1195758 pazmaker
pazmaker's picture

yes I saw it on oanda platform

Fri, 04/22/2011 - 08:54 | 1195709 SheepDog-One
SheepDog-One's picture

Still just a BIT too comfortable in america right now, 50 million still eat a bit due to food stamps and mass numbers of fired can contribute to their parents grocery bill and house payment since they moved back in with their whole family...for now. 

But give it another $1 buck up in gas prices and things will start to get squirrelly. 

Fri, 04/22/2011 - 09:08 | 1195734 66Sexy
66Sexy's picture

And that $1 up is coming.... hard and fast.

It still hasnt sunk in yet. $4.00+ gas here in nevada is already armaggedon. We're in the middle of nowhere, and now we aint GOING anywhere.... let alone people coming here!

Fri, 04/22/2011 - 13:55 | 1196696 FullFaithAndCretin
FullFaithAndCretin's picture

I speet on your $4.00 gas. Try the UK where it equates to about $8.16. Ow

Fri, 04/22/2011 - 10:05 | 1195860 j0nx
j0nx's picture

Don't count on it. Americans are neutered and petrified of their government. They will piss and moan on the internet just like they have been doing for the past 3 years and that will be the extent of it.

Fri, 04/22/2011 - 10:31 | 1195954 alien-IQ
alien-IQ's picture

If ever Americans do rise up to protest...it will be a flood not a trickle..

But I ain't holding my breath.

Things would need to be OBVIOUSLY (to all not just the informed) well beyond the point of no return and no hope. Then MAYBE people will get it together. MAYBE.

You can always count on Americans to do the right thing...but only when it's too late.

Fri, 04/22/2011 - 11:06 | 1196127 Vendetta
Vendetta's picture

yep.  They'll vote in the next globalist republican or democrat and think it is going to get better.  Fact is US govt wants to be totaltarian like China and China wants what was America's wealth production.  The two govt's are totaltarian whether communist or fascist ... flip sides of the same coin

Fri, 04/22/2011 - 09:12 | 1195753 downwiththebanks
downwiththebanks's picture

When people protest for basic economic rights here in Babylon, Tyler, they're vilified on ZeroHedge.

Fri, 04/22/2011 - 09:20 | 1195767 Tyler Durden
Tyler Durden's picture

Are people protesting for change or for retrenchment of encroaching communism?

Fri, 04/22/2011 - 09:26 | 1195772 alien-IQ
alien-IQ's picture

"Just who are these goddamn reds, anyway? A goddamn red is anyone who wants 30 cents when I am paying 25." -- John Steinbeck

Fri, 04/22/2011 - 09:53 | 1195832 downwiththebanks
downwiththebanks's picture

Your comment was that people in 'America' do not protest.  The material basis of their demands is irrelevant to this thread.  People on Uncle Sam's Plantation DO protest against the economic warfare launched against them.  

From your little perch, you just ACT like they don't because you actually support the attack of liquidationist capitalism when it happens "here".

Fri, 04/22/2011 - 09:54 | 1195837 SlipStitchPass
SlipStitchPass's picture

 "Change they can believe in" would be my guess.

Fri, 04/22/2011 - 12:22 | 1196423 Terminus C
Terminus C's picture

Tyler, it is very rare when I disagree with you but this is one case.  We are not heading toward communism or Marxism.  This is fascism pure and simple.  There is a misconception that communism and fascism are on opposite poles of the political/economic spectrum (which is a over simplistic representation to begin with).  They are indeed not because fascism is centrist in its economic disposition.

The opposite of communism, economically, is actually classical liberalism (think Adam Smith).  However, I see many comments on this site that that demonstrate nostalgia for the days of classical liberal policy.  Think industrial revolution for an example this type of society.  Monopolistic titans of industry controling markets and governments is the inevitable outcome of such a system.  Interestingly, both communism and fascism were developed as rejections of this classical liberal system (for differing reasons).

I do not support governments spending more money than they have and I am all for all people accepting some austerity to balance the budget.  I teach (government worker) in Alberta which is proposing a $3-$5 billion budget deficit this coming year (we are borrowing from our own rainy day fund but still...) and I would prefer we balanced budgets provincially and federally.

I am against "austerity" that focuses unfairly on one group or another.  What I see (as has been reported ad nauseum on this site) is that average, 'middle class' (if there ever was such a thing) people need to eat this austerity while the super rich and politicians gain from it.  I do not know all of the details of the Wisconsin situation but from what I understand the government cut taxes to corporations (aka campaign donors) and then demanded government employees pick up the tab.  I'd be telling governor Walker to stuff it as well.

Again, austerity for all... we desperately need it, but unfairly loading the burden on to those less politically influential begets rebellion.

 

Fri, 04/22/2011 - 12:39 | 1196477 NotApplicable
NotApplicable's picture

Eventually, Fascism kills off all of the industries that were partnered with the government. The government responds by "rescuing" (read: nationalizing) them, which by definition, turns Fascism into Communism.

Fascism is merely a temporary transfer mechanism from private to state property.

Fri, 04/22/2011 - 15:11 | 1197075 Terminus C
Terminus C's picture

Just because the state controls major industry does not mean they have become communists. 

The problem with these two terms is that they are used and misused in so many ways that their definitions have become skewed.  I suspect when most people think communism they see Stalinism.  The most accurate version of 'true communism' (as Marx envisioned it) was Republican Spain, but we know what destroyed that... (hint, it's an ideological system that starts with an 'f').  Republican Spain does not look at all like our society.

 

Fri, 04/22/2011 - 15:19 | 1197121 dracos_ghost
dracos_ghost's picture

The Road to Serfdom (Hayek).

http://mises.org/books/TRTS/

I'm sure people have seen this but....

I think we're forgetting the "man behind the curtain". All this New Capitalism = (Old Socialism where sovereigns dictate market forces) is nothing but an artifice for the NWO types to promote their "exceptionalism" with China being the ideal model for globalization.

Unfortunately, the world is shitting a BRIC and these globalist dilletantes are scrambling.

I agree that most Americans are pacified at this point but history has shown that all this pent up anger towards leaders usually ends in a watershed moment. It's gonna get bumpy.

 

Fri, 04/22/2011 - 09:30 | 1195786 pazmaker
pazmaker's picture

I wonder what basic economic rights you are reffering to?  More specifically are you referring to the protest in Wisconsin....the protest to continue forced union membership and the continuing rape of the taxpayer to benefit government employees?

Fri, 04/22/2011 - 09:43 | 1195819 alien-IQ
alien-IQ's picture

Which of the following would you consider to be the LEAST detrimental to the future of America:

1) The Endless wars we're engaged in.

2) The destruction of the USD by the Fed.

3) The Corporate control over most if not all politicians and polices.

4) Unionized government workers?

Fri, 04/22/2011 - 09:55 | 1195842 pazmaker
pazmaker's picture

The key word there is DETRIMENTAL.

Which form of capital punishment would you consider to be the LEAST humane?

A) Firing Squad

B) Lethel Injection

C) Hanging

D) Electric Chair

 

Fri, 04/22/2011 - 10:21 | 1195915 alien-IQ
alien-IQ's picture

The point I'm trying to make and you are trying to avoid is that many people in America seem to have been conditioned to oppose the type of socialism that is of benefit to your fellow citizens yet embrace the type of socialism that fuels the machinery of war and corporate corruption.

It sort of reminds me of a line from the movie "Gangs of New York": "There's nothing easier than getting one half of the poor people to kill the other half of the poor people".

It's as if many of you actually believe that sycophantic behavior will get you into the club. I've got news for you man...it's a private club...and you ain't invited. Nor will you ever be.

Fri, 04/22/2011 - 10:45 | 1196027 pazmaker
pazmaker's picture

Thanks Alien, First, I'm not trying to avoid your point but rather don't agree with it I don't embrace either type of socialism and I know that I'm not a member of the club.   See this comment I made on our military to understand I don't embrace the military industrial complex: http://www.zerohedge.com/article/it%E2%80%99s-game-over-us#comment-1192716

Fri, 04/22/2011 - 10:40 | 1195945 downwiththebanks
downwiththebanks's picture

Liquidate education!  Liquidate public health!

It's austerity, baby ... for everyone not cranked up on opium playing gettin' BANK with house Monopoly money borrowed at 000.00%.

Don't liquidate them, because they are me.

Fri, 04/22/2011 - 10:18 | 1195913 downwiththebanks
downwiththebanks's picture

Working people have the economic right to stop banker-gangster parasites from robbing them.

Here's the bottom line, Peace Sign:  you're at WAR with working people.  ESPECIALLY those who organize onto unions.

If you cared about debt, you'd tax banker-gangster turnover at, say, .00001%.  

You wouldn't close libraries!  What kind of fucking idiot closes libraries?  

Especially when the alternative to tax banker-gangsters and their little opium dens, who today pay nothing on their 'turnover' (i.e., the con).

All you care about attacking the right of people who do real WORK for a living to organize themselves:  Be honest about it, White Man.

Fri, 04/22/2011 - 10:27 | 1195935 destraht
destraht's picture

The poor have a right to have their ranks cut down by the stratas of privilege that the rich erect in defense.

Fri, 04/22/2011 - 10:42 | 1195988 downwiththebanks
downwiththebanks's picture

... Until that "strata of privileged" ceases to see itself as such.  

Start closing schools and libraries, cutting veterans benefits and military pay, and and ending unemployment benefits to those fucked by a shitty system.  Then start start shutting down VA hospitals and cutting Medicaid and Social Security benefits to the "Greatest Generation" and all that.

Keep pulling the Andrew Mellon act for a while, and see how easy it is to keep the veneer of privilege with shiny devices and slick propaganda.  And see how easy it is to put a sleeping giant back to sleep when it has finally woken up.

Fri, 04/22/2011 - 12:01 | 1196356 Creed
Creed's picture

Public employee unions and banksters and corrupt politicians are one and the same problem

 

has anyone here worked for prevailing wage? I have. That's where you make 300% of what you were making on the last job because you're suddenly working on a taxpayer funded project

 

the so called Obama stimulus? most of it went into transportation projects, meaning prevailing wage, meaning 3 times the cost of what private labor would do the job for

 

WASTED

Fri, 04/22/2011 - 13:03 | 1196505 downwiththebanks
downwiththebanks's picture

"All hail private enterprise, suppressor of wages and buster of unions now for 4 decades."

Private capital has taken the economy to such a lovely place, hasn't it?

When it's not poisoning the biosphere, big capital has bankrolled 4 or 5 wars while putting the nation 50 or 60 trillion in debt, rewarding the suppression of wages and liquidation of the manufacturing sector along the way.  

Study that list of 'achievements' and then consider that I didn't even mention real estate!

And all this to benefit a handful of White boy banker-gangster bookies who produce nothing but silly pieces of paper backed only by the words of pathological liars (just ask a UAW employee).

And misery.  They produce plenty of that.

Fri, 04/22/2011 - 12:04 | 1196054 pazmaker
pazmaker's picture

Can you walk and chew gum at the same time?   Why is it the likes of you think that because one is opposed to PUBLIC EMPLOYEE UNIONS it automatically means they are for the banksters?

Your logic is juvenile:   Banksters are evil

                                 Public  Unions  aren't banksters

                                 Therefore PUblic unions aren't evil.

expand your mine and understand that you are being raped by both.

 

Also I think it is debatable that Government workers do real WORK...Governement workers is somewhat of an oxymoron.

Fri, 04/22/2011 - 13:00 | 1196551 downwiththebanks
downwiththebanks's picture

I'll try to expand my mine <sic> to your level, Peace Sign.

You don't care about the debt, you care about smashing the workers right to organize in common.

If the debt mattered, you'd realize that banker-gangsters and their opium-den shenanigans pay nothing on their billions of dollars worth of turnover, and you'd opt for taxing them (you know, since they blew up the economy and everything ...) rather than closing schools and libraries!

Viola!  (Fake) debt 'crisis' averted.

But NOT YOU!  Anything that benefits working people is expendable, while whatever benefits banker-gangsters is sacrosanct.

Fri, 04/22/2011 - 13:37 | 1196634 pazmaker
pazmaker's picture

down, sorry but you misunderstand me.  I do care about the debt and I do realize that bankster-gansters pay nothiing on the billions of dollars worht of turnover and I am in 100% agreement with you on that, but to me it is not an either or.  I am well aware of the corporate greed and it is not just banksters it exist in corprate america as well.  I see it when a ceo suggest that to increase his company's earnings(also known as more money for my bonus) he cuts 200 low paid employee.

I was and still am 100% against any bailout for banks GM  AIG any private entity all of the rat scum TBTF, but becuase I'm agaisnt that and agree with you on this point, it means that I shouldn't be outraged by public unions (believe me their bosses union chiefs are part of the elite as well) that hold taxpayers hostage?

 

 

But your rebuttal to me proves my point. You think because I am anti-Public Union that makes me a pro bankster and there is nothing further from the truth.

Fri, 04/22/2011 - 09:33 | 1195790 pazmaker
pazmaker's picture

delete duplicate

Fri, 04/22/2011 - 09:23 | 1195768 alien-IQ
alien-IQ's picture

Dictatorship: When the people fear the Government.

Democracy: When the Government fears the people.

Where do you live?

Fri, 04/22/2011 - 09:54 | 1195841 usefuloutput
usefuloutput's picture

Kleptocracy:

Everybody fears everybody.

Fri, 04/22/2011 - 11:34 | 1196243 Founders Keeper
Founders Keeper's picture

Whoops. Think I better fix this for you:

Tyranny: When the people fear the government.

Liberty: When the government fears the people.

(Note. The US is a Republic, a constitutional federal republic. The US is not a democracy. Our Founders feared and loathed democratic governments. Democracy = Tyranny)

Democracy:  When the people fear the government and their neighbors.

 

Fri, 04/22/2011 - 11:57 | 1196346 Creed
Creed's picture

Founders Keeper

thanks

 

I was too weary

Sat, 04/23/2011 - 14:12 | 1199407 Founders Keeper
Founders Keeper's picture

No problem.

Have a blessed Easter.

 

Fri, 04/22/2011 - 13:40 | 1196647 topcallingtroll
topcallingtroll's picture

Liberty is better than democracy, but it is just so hard to keep unless supported by a majority.

Sat, 04/23/2011 - 15:01 | 1199474 Founders Keeper
Founders Keeper's picture

[Liberty is better than democracy, but it is just so hard to keep unless supported by a majority.]---topcallingtroll

Be careful here. You are comparing apples to oranges. Most people make this mistake because they were misinformed by the Progressive education system and media.

This is correct:

Apples: Liberty is a human right given each of us by our Creator. Liberty is not a form of government.

Oranges: Democracy is a form of government. A form of government whereby voters vote for most or all of the nation, province, or community's decisions.

The word, democracy, does not mean majority rule.The "rule" in majority rule does not mean rule, as in to govern over the people. The word "rule" in majority rule means rule as in procedure, i.e. like the rules of chess, hide and seek, parliamentary procedure, etc. 

Majority rule is a decision-making custom or process. And there are different types of rules, e.g. simple majority, super majority, etc.

So you see, we are a Republic that uses rules of majority to make decisions. Most often we use simple majority rules.  Sometimes we use 2/3rds rule. Sometimes 3/4th rule.

The word democracy (a word terribly and intentionally twisted by the Progressive left) has a place in the world, just not in our country.

 

Fri, 04/22/2011 - 09:52 | 1195833 ragedmaximus
ragedmaximus's picture

Higher wages will surely cut into APPLES profit and must be crushed with TANKS!!!!!!   que milli vanilli "BLAME IT ON THE FED"

Fri, 04/22/2011 - 09:51 | 1195834 Ethics Gradient
Ethics Gradient's picture

Wrong place...

Fri, 04/22/2011 - 10:01 | 1195847 hedgeless_horseman
hedgeless_horseman's picture

In China, c-cup virgins pick tea with their mouths, instead of telling lies to benefit the bank advertisers on CNBC.  Hard to say which job is more demeaning. 

http://www.chinasmack.com/2011/pictures/tea-leaf-pickers-required-to-be-virgins-have-c-cup-breasts.html

Fri, 04/22/2011 - 10:32 | 1195968 topcallingtroll
topcallingtroll's picture

As the chinese say after observing american expats behavior, there is no fever like yellow fever.

Hot.

Mon, 04/25/2011 - 18:46 | 1205609 tomster0126
tomster0126's picture

Still waiting to bag my first Asian girl...your experience with the yellow fever?

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 11:14 | 1196162 MachoMan
MachoMan's picture

Finding a female virgin in america past 15 would be impossible...  the blow job being the new handshake and all.  Might as well be looking for skittle shitting unicorns to pick tea leaves.

[how the real world found that girl that couldn't even draw a dick is beyond me].

Fri, 04/22/2011 - 10:29 | 1195936 topcallingtroll
topcallingtroll's picture

This is what happens when your entire economy depends on the subsidy of a suppressed currency.

Huge industries have been built that are inefficient, with misallocated capital, ROE projections, and personnel distributions within the business that cant survive a yuan that isnt suppressed.

As one wag noted on the stealth fighter thread ( scaring us with its high speed taxi tests and dynamically inefficient shape) in chinas 5 trillion economy ghost cities are counted twice.

China blustered about refusing to buy treasuries while later they had to finally come clean about their 250 billion in treasury purchases not so secretly hidden in the UK. The greatest malinvestment in history has occurred with china trying to achieve growth levels beyond any level of sustainability, in order to head off unrest.

That level of growth cannot be done efficiently, and we are witnessing the greatest malinvestment bubble in history.

China will buy treasuries, a lot. They learned the lesson of the Plaza Accords. They have no way out. As i have said repeatedly the chinese are in worse shape than we are. They will not commit mutually assured destruction, because it will be far worse for them.

Rice Riots is copywrited and trade marked by top calling troll, Inc.

Fri, 04/22/2011 - 10:58 | 1196092 eureka
eureka's picture

"only in America do people not protest these things..."

U.S.'ians, sheep of the Federation, are a bunch of pussies.

Individualized in misery, collectivized in vicarious glory.

Lobotomized by consumption & dependency.

Masochist Fodder in the elite's Facist Machine. 

Eager Buldozers for TSA's T&A, CIA & HomeLand Scum.    

Worship your 6,500 drones killing foreigners on the far side 

of the planet. Take it up the ass, U.S. Bitchez. Sieg, Heil, Losers.

Fri, 04/22/2011 - 13:07 | 1196570 downwiththebanks
downwiththebanks's picture

On Wisconsin.  On Egypt.

Fri, 04/22/2011 - 13:21 | 1196614 edmondantes
edmondantes's picture
Reality on the ground: gangster capitalism in China http://www.smh.com.au/business/show-them-the-money-old-china-20110325-1ca3f.html
Fri, 04/22/2011 - 14:01 | 1196730 kevinearick
kevinearick's picture

Back in the 80s, they ran the Chinese through UCSD on 24/7 schedules to act as rabbits. They got so high strung, because their entire family would be penalized, that they jumped off the science and technology library when they got a B, which, incidentally, is where the engineers held their pumkin throwing contests. Very hard working, very efficient, but not effective.

China is great at crony capitalism for many reasons, but America is catching up fast. Put your thumb out and hitch-hike some time. People are terrified to look you in the eye, and then they yell after they pass you by. P**** entitlement babies. Social sevices run the towns, with not a real male job to be found, and are they burning down city hall? No, they work for city hall, which is "printing" money as fast or faster than the Fed, or walking around in circles, begging feminists for a meal every day. No wonder ignorant women think all males are stupid. (don't jump; I didn't say all women are ignorant)

Ignore that gal in pink with the $800 dog running a ministry for the homeless at the local church.

Mon, 04/25/2011 - 18:40 | 1205599 tomster0126
tomster0126's picture

Obviously the government has the power to stop anything close to a rebellion or major strike...China's power is too immense, and they need to be greener if we're going to make it into the next century.

 

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