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Follow London's Biggest Demonstration In A Decade As 300,000 Protest Austerity And Public Sector Cuts

Tyler Durden's picture




 

After leading to the collapse of the Portuguese government, anti-austerity anger is now ramping up at the very heart of the old continent, where the biggest demonstration in over a decade has struck in London. Per the Guardian: "More than a quarter of a million protesters against public sector cuts are expected to flood central London today in the biggest political demonstration for nearly a decade. Police sources, normally cautious about estimating numbers, said last night they were braced for up to 300,000 people to join the march – far higher than previous forecasts from TUC organisers. More than 800 coaches and at least 10 trains have been chartered to bring people to the capital from as far afield as Cornwall and Inverness. The Metropolitan police, under fire for their use of kettling in previous protests, said "a small but significant minority" plan to hijack the march to stage violent attacks. Organisers, however, insist it will be a peaceful family event. Union members are expected be joined by a broad coalition, from pensioners to doctors, families and first-time protesters to football supporters and anarchists. Ed Miliband said the government was dragging the country back to the "rotten" 1980s. Labour is calling today's event the "march of the mainstream"." Some of the protesters, already pigeonholed as "anarchists", have already become unruly as a splinter group has formed on the iconic Oxford street where it is engaged in altercations with the Police, including throwing smoke bombs, lightbulbs filled ammonia.

The protest can be followed in real time on Sky News below.

The Guardian also has a live blog of the protest that can be followe here:

Some of the most recent entries:

1.44pm: Richard Evans has been talking to PA News about his 166 miles trek from Cardiff to join the march.

 

Evans, a PCS union rep who was interviewed by the Guardian about his protest earlier this week, said the walk was worth it although his feet were "very sore".

"I wanted to encourage people to get on a bus. I think the best way to do that is to go a step further.

"The
whole point of this is the government looks again at the cuts. I'm
hoping there is enough people here to make them realise when you're in
the position you're in - in the coalition government - you need to think
again. With this number of people, the government have to take notice. "

1.39pm: Paul Lewis has just tweeted about police penning in protesters outside Downing Street.

1.39pm: Paul Lewis has just tweeted about police penning in protesters outside Downing Street.


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Reports of "light kettle" at Downing Street and rolling shop occupations at Picadilly #march26 #26marchless than a minute ago via Twitter for BlackBerry®

1.31pm:
Activists from Ukuncut, the peaceful direct action group that has
closed down more than 100 high street stores accused of tax avoidance,
are moving into position on Oxford Street. They are planning 14
different occupations of high street stores accused of tax avoidance,
Matthew Taylor writes.

A spokesman just
said there were about 200 people moving towards their various targets
with more expected to join in the next half an hour.

Meanwhile
the main march just gets bigger. People are still streaming across
bridges to join from south London while others are making their way from
the north.

Bernard Goyder, a veteran of last year's student protests, said he had been "blown away" by today's turnout.

"This
couldn't be any better. I have never seen such a wide diverse group of
people together. It dwarves anything I have seen before. It is much much
bigger than any of us were expecting"

1.15pm: Tom Wills, a student journalist based in Brighton, has posted a set of photos from the march on Flickr, which give a sense of the mass turnout.

1.10pm: EastLondonLines, a news website run by the journalism department of Goldsmiths, has posted this Twitpic, which shows the protesters marching past police lines near Parliament.


Paul Lewis

Paul Lewis Photograph: Sarah Lee

1.04pm: Paul Lewis has sent through an update, describing the wide range of groups who have joined today's protest.

"Standing
here watching hundreds of thousands of people stream past, you get a
real sense of the broad coalition against the government. I noted down
every banner that past through over a couple of minutes.

"Somerset
Teachers Association, Vulnerable Chinese Migrants Association, Society
of Radiographers, Prison Officers Association, Don't Cut Out The
Disabled, Southend On Sea Unison Branch, Ipswich Labour Party, Cut
Trident, Nurses Uncut, Met Police Group PCS Union, Calderdale Division
of the NUT, Chelsea Anti Cuts Alliance, Colchester NHS SOS, South Ribble
Children, The Bohemian Storm is Rising, Parents Alliance of Community
Schools, Isle of Wight Uncut."


Matthew Taylor

1.02pm: Matthew Taylor says thousands of people are still joining the march, with the total number estimated at around 400,000.

"I
am now on a footbridge overlooking the Embankment and people have been
streaming underneath us for about an hour. People are queuing as far
back as I a can see and tens of thousands more are still arriving from
side streets. Organisers are suggesting there could be as many as
400,000 here today. That is impossible to verify at this stage. But it
is clear that this is a very big demo."

1.00pm: While this photo from Mary shows crowds gathering at Embankment.

12.58pm: This photo by Mary Hamilton pokes fun at undercover police officers - whose activities have recently been investigated by the Guardian.


Undercover police assembly point on the anti-cuts march in London

Undercover police assembly point on the anti-cuts march in London. Photograph: newsmary/twitpic

12.45pm: Journalist Mary Hamilton - aka newsmary - has been posting photos of the march on Twitpic.

12.35pm: The Public and Commercial Services Union has set up its own live blog of the march.

12.30pm: Here's a map of the march route



View March for the Alternative Route in a larger map

...

9.15am: Good morning and welcome to the Guardian's live coverage of the mass protest in London against the coalition government's public sector cuts.

Around 300,000 people are expected to join the March for the Alternative organised by the TUC,
the biggest union-organised event for over 20 years and the largest in
the country since the protest against the Iraq war in 2003. More than
800 coaches and 10 trains have been chartered to bring people to the
capital from as far afield as Cornwall and Inverness.

Union
members are expected to be joined by a broad coalition, from pensioners
to doctors, families and first-time protesters, to football supporters
and anarchists. My colleague Matthew Taylor has written a guide to all the organisations - both official and unofficial - who will be taking part.

The
Metropolitan Police believe a small minority will try to hijack the
anti-cuts march to stage violent attacks on property and the police. The
TUC organisers of the event say they have organised a family-friendly
demonstration with brass, jazz and Bollywood bands. But there are
concerns that unofficial feeder marches, sit-down protests and a takeover of Trafalgar Square could turn from peaceful civil disobedience into stand-offs with the police.

The march assembles on the Embankment from 11am but it will still be leaving at 2pm and possibly even later. The TUC has drawn up a set of tips for those planning to join the march.
The protest will culminate in a rally in Hyde Park. Guardian reporters
Matthew Taylor and Paul Lewis will be out on the streets covering the
protest as it happens.

If you're at the demo and want to send me
any comments - or share any pictures, audio clips and videos - you can
contact me either on david.batty@guardian.co.uk or on Twitter - @David_Batty

 

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Sat, 03/26/2011 - 10:09 | 1102641 EscapeKey
EscapeKey's picture

There is zero chance the budget can be resolved through further taxation, and the demonstrators smoke crack if they think it can.

http://intrinsicvalueoffiat.blogspot.com/2011/03/on-protests-in-london.html

 

Sat, 03/26/2011 - 10:28 | 1102674 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

When I press my escape key I get Hope and Change.

Sat, 03/26/2011 - 10:30 | 1102680 EscapeKey
EscapeKey's picture

Funny, when I press mine, I get Tragedy & Hope.

Sat, 03/26/2011 - 10:33 | 1102685 Horatio Beanblower
Horatio Beanblower's picture

EK,

 

Are you familiar with these guys?  Tragedy & Hope - http://tragedyandhope.com/page/wybm-what-youve-been-missing

Sat, 03/26/2011 - 12:19 | 1102980 Bananamerican
Bananamerican's picture

no

but then neither am I familiar with the "Vulnerable Chinese Migrants Association"

Sat, 03/26/2011 - 14:18 | 1103275 Thomas
Thomas's picture

"Let them eat fish and chips."

Charlie Munger

Sat, 03/26/2011 - 14:50 | 1103341 EscapeKey
EscapeKey's picture

No, that's the first I've heard of them, will have a look - cheers. I was referring to Carroll Quigley's work.

Sat, 03/26/2011 - 14:52 | 1103348 ElvisDog
ElvisDog's picture

EscapeKey is right. I know austerity and budget cuts are painful to those who are affected by them, but where do the protestors think the money is going to come from to continue the benefits and public sector jobs they enjoy? Reality can be a bitch, but the reality is that there isn't enough money (real money/wealth, not fiat currency) to pay for what they want.

Sat, 03/26/2011 - 16:21 | 1103588 john39
john39's picture

how about the Rothchilds give back what they stole?

Sat, 03/26/2011 - 16:32 | 1103614 ElvisDog
ElvisDog's picture

I think it's important to look at velocity (dx/dt) rather than a single point in time (x). In the U.S., the cost of public sector pensions and health care has been going up on average at 11% over the past 10 years. The general tax revenues during that time have gone up something like 2-3% on average. The general tax revenues are higher now to be sure, but a line with an 11% slope will catch up to a line with a 2% slope pretty quickly. When I say "there is no money", I'm really talking about a long-term point of view.

Sun, 03/27/2011 - 01:01 | 1104708 srelf
srelf's picture

Here Here!

The regularity of one class of humans gathering too much to themselves gets boring when one views it historically. Queue the hungry masses, yearning to be free.

Sun, 03/27/2011 - 07:50 | 1105016 docj
docj's picture

Seize it all.  Fine.

What do you do next week?

Sat, 03/26/2011 - 11:17 | 1102820 boricuadigm-shift
boricuadigm-shift's picture

Anyone has noticed helicopters in Bank of America(or other banks) in other cities?  Today I saw a huge helicopter hovering over Bank of America building in (Brickell) Miami, FL.  I know, I know... conspiracy theory...  But it may me think.  What is a huge helicopter doing at 8:30am hovering over a bank trying to land what it look like a 15' diameter x 10' tall cylindrical object on a Saturday Morning?

Food for thought!

 

Sat, 03/26/2011 - 11:25 | 1102843 Horatio Beanblower
Horatio Beanblower's picture

Air con?  Gimp box?

Sat, 03/26/2011 - 11:41 | 1102884 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

vault expansion?

Sat, 03/26/2011 - 12:18 | 1102987 Bananamerican
Bananamerican's picture

whose vault? (ulp)

Sat, 03/26/2011 - 18:27 | 1103843 Pegasus Muse
Pegasus Muse's picture

a silver bullet?

Sat, 03/26/2011 - 12:25 | 1103006 False Capital
False Capital's picture

Ben Bernanke making good on his promise?

Sat, 03/26/2011 - 12:33 | 1103025 Freddie
Freddie's picture

They use to do this with checks to get them processed faster.  I guess one day's worth of float paid for the expense of picking check up by chopper.

Sat, 03/26/2011 - 12:03 | 1102944 Caviar Emptor
Caviar Emptor's picture

Who says they want to "Resolve" it?

Sat, 03/26/2011 - 21:48 | 1104323 Attitude_Check
Attitude_Check's picture

True.  But is unconscionable, evil in fact, to expect the costs to be borne by the public WHILE the culprits primarily responsible get government funded bailouts!

Sun, 03/27/2011 - 05:35 | 1104938 gallowglass
gallowglass's picture

 Boy,I hate it when Anarchists protest Government cut-backs!

Sat, 03/26/2011 - 10:15 | 1102647 tmosley
tmosley's picture

Hahaha, THAT'S what they are protesting?

England is well and truly fucked.  

Sat, 03/26/2011 - 10:35 | 1102690 cossack55
cossack55's picture

Anyone spot any Gadsden Flags yet?

Sat, 03/26/2011 - 10:42 | 1102711 Horatio Beanblower
Horatio Beanblower's picture

There's more chance of seeing a flag with 'Please Tread On Me' written on it.  These brainwashed fuckers want increased taxes, bigger government, and more spending.  

 

 

Sat, 03/26/2011 - 11:11 | 1102802 Long-John-Silver
Long-John-Silver's picture

They haven't figured out that they've run out of other peoples money.

Sat, 03/26/2011 - 11:18 | 1102823 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Well Gordon Brown sure did.

Sat, 03/26/2011 - 11:41 | 1102886 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

"Tread even more on the other guy" is more like it.

Sat, 03/26/2011 - 12:07 | 1102948 scatterbrains
scatterbrains's picture

double post

Sat, 03/26/2011 - 12:06 | 1102954 scatterbrains
scatterbrains's picture

I hope they succeed if only just to witness before I die the bankers standing in their shoes with signs, protesting and hopefully even get to witness the police commence some serious beat downs of the bankers.

Sat, 03/26/2011 - 12:35 | 1103028 Bananamerican
Bananamerican's picture

good luck Methuselah

Sat, 03/26/2011 - 16:15 | 1103567 JLee2027
JLee2027's picture

There are few things in life more satisfying than out-living your vanquished enemies.

Sun, 03/27/2011 - 00:16 | 1104619 tmosley
tmosley's picture

http://www.youtube.com/watch?v=6PQ6335puOc&feature=related

Sadly, it's hard to hear lamentation over the internets.

Sun, 03/27/2011 - 00:55 | 1104694 baby_BLYTHE
baby_BLYTHE's picture

Whoever appeals to the law against his fellow man is either a fool or a coward.
Whoever cannot take care of himself without that law is both.
For a wounded man shall say to his assailant, "If I Die, You are forgiven....If I Live, I will kill you."
...Such is the Rule of Honor.

Sat, 03/26/2011 - 12:08 | 1102956 Dr. Porkchop
Dr. Porkchop's picture

People complain because the sheep spend all day on their iPads and watching dancing with the stars, but when they actually get out on the street to engage in reality, it's still not good enough. What's the percentage of people that read Zerohedge or other sites like it? A tiny fraction of the world's population? Most people get their info from the mainstream, if they can get this far through the corporatist mindfuck and still figure out something isn't quite right, then I applaud them. Maybe they don't have all the answers, but I can guarantee that we don't either.

Sat, 03/26/2011 - 12:24 | 1103003 Arkadaba
Arkadaba's picture

+ well said

Sat, 03/26/2011 - 13:16 | 1103125 Canucklehead
Canucklehead's picture

What is the expected goal of this 1970's/1980's style protest?  Everyone is too old to get laid...

Sat, 03/26/2011 - 13:33 | 1103166 tmosley
tmosley's picture

This is like saying that people don't read enough, and then asking us to praise some moron who is holding a book upside down.  

They aren't "getting" anywhere.  This is exactly the sort of thing that got us to the point where we are now.  A give-away is a give-away is a give away.  It doesn't matter who it is going to.  It needs to stop.

These people are using the fact that bankers stole money as an excuse to themselves steal money.  This is the DEFINITION of two wrongs not making a right.

Sat, 03/26/2011 - 14:39 | 1103322 Maniac Researcher
Maniac Researcher's picture

Yes...keep repeating to yourself that ZH is a credible source of information.

In your world, social welfare is theft? Really? There are plenty of texts that address the numberous debates surrounding social welfare and its relationship to taxation, politics, corporations, and the state that I have never seen referenced here. [for starters I would look at Jacoby, Berle & Means, Chandler, jr., Horwitz, etc]

Instead ZH delivers racial epithets, boorish misogyny, and vague ahistorical pronouncements of narrow worldviews. There is a considerable difference between understanding history in order to comprehend the present [read: why British folk are protesting today] and being bitter and hateful towards people you don't know.

Sat, 03/26/2011 - 20:03 | 1103996 sun tzu
sun tzu's picture

Yes social welfare is theft. No able bodied, mentally competent adult should be living off the labor of their fellow citizens. Throwing the race card in there won't change anyone's mind.

Sat, 03/26/2011 - 20:37 | 1104097 YHC-FTSE
YHC-FTSE's picture

No, some social welfare is theft based on the conditions you mentioned. Not all. If a person is not an able bodied, mentally competent adult then surely it is not. So, it would be correct to say that social welfare is not theft, but there are thieves who exploit the system. Don't blame social welfare. Blame the thieves.

Sun, 03/27/2011 - 02:09 | 1104813 Baptiste Say
Baptiste Say's picture

All social welfare is theft end of story. It is funded by wealth coervicely extracted from those who bother to produce the wealth, if is not an area the robbed producer would have otherwise invested in and given contributing to it is not optional then by all means it is no less theft than me pointing a gun to your head and levying a $10000 fee for your freedom and life, even if I was planning on splitting this this money between starving children in Bumfuk Africa and subsidising housing for immigrants it is still theft.

Sun, 03/27/2011 - 09:04 | 1105096 YHC-FTSE
YHC-FTSE's picture

My dear Baptiste, if we all believed that, we'd be back to seeing the kind of Dickensian suffering we know about throughout history: Slums, diseases, crimes, and bodies on the streets. I don't want that in my neighbourhood, do you? Well, maybe you do. I once posted that society is judged by how it treat its most vulnerable people and ended up trying to define every single word I typed because we were obviously so divergent on views it was like explaining the concept of sedimentary rock formations to a creationist.

Needless to say, I loathe the healthy layabouts who exploit and milk the system, but there is a very strong case for social welfare to provide a safety net to the most vulnerable people in our society. Nobody has to point a gun to my head to save a man from drowning.

Sat, 03/26/2011 - 20:38 | 1104047 YHC-FTSE
YHC-FTSE's picture

@Maniac Researcher

Don't remember coming across you before, but that's one of the best posts I've read this evening. Don't take the junks seriously. 

Sun, 03/27/2011 - 00:24 | 1104637 tmosley
tmosley's picture

If you don't think ZH is credible, get out.  Seriously, its credibility is all it has going for it.

Also, when something is taken from you under threat of violence, and given to someone else, it can be called many things, and it may in fact be one or more of those things, but it is also theft.  Always.

You will notice if you check my recent spat with Trav that I have brutally berated him for being a racist.  MOST people here are not racist.  You can take that collectivist false fact and shove it straight up your ass.  I have NEVER seen misogyny.  I don't know what the fuck you are talking about with regard to history.  I study history regularly.  It is a hobby of mine.

Further, these people are protesting for more of the same that got them what they have now.  That is the definition of insanity.

Looking through your posts, I see we have yet ANOTHER libtroll.  Joy among joys.  Christ, we don't troll Daily Kos, why do you feel the need to troll here, ESPECIALLY if you think there is no value to the articles?

Sun, 03/27/2011 - 01:38 | 1104774 YHC-FTSE
YHC-FTSE's picture

Christ almighty - people can have differences of opinion without the fucking cretinous personal shit you heap on those you disagree with. Using your own tactics, if he is a libtroll, then you are a neocontroll (Or neoCuntroll). See what I mean? Sometimes I think you're one of those morons who always get the wrong idea in the lessons history can teach us, and sometimes you seem like a genius. 

 

There are lots of people I disgree with on one subject, and even on rare occasions junk (Though not on my thread), but then again on another thread I'd appreciate their astute comments. What the fuck's wrong with kind hearted liberals anyway? The world is already full of silly fucks who want more selfishness, more inhumanity, and more loneliness. 

 

ZH is more credible than most, but it certainly is not the fucking manna of information from heaven. We have all see articles here with sources that are dubious, badly researched, or even plain old wrong. Don't even get me started on the comment posts. ZH's driving force are the contributors, not its credibility - it has none by itself. All sources of information should be well referenced, verified and researched, (surely you'd agree?), and it does not pass muster. I don't think you're full of bullshit, but you really are not contributing if the only way you can express yourself is berate people for not being identical to you. Call them out if they are factually wrong, but not because he/she has an opinion you disagree with. Alright? 

Tue, 04/05/2011 - 04:28 | 1135911 Maniac Researcher
Maniac Researcher's picture

@"tmosley" - kudos! your tireless fight against racism has earned you.....one cookie! Don't eat it all in one place!

 

The reason you don't understand my posts about history is because you don't understand the field. Perhaps some Marc Bloch would help - I'd love to sit there in the room and wait the ten seconds for you to grunt "libtroll" at the book and turn on the History Channel.

You've never seen misogyny on Zerohedge? That makes you both blind and stupid, dude - enjoy your delusion.

Oh yeah, and my favorite comment - what was it you said? "they" are protesting for more of the same? I didn't know you were a mindreader as well, tmosley. Why don't you put that skill to good investment use then - since you are so keen to knowing the thoughts of large swaths of people.

Ah, and finally the name calling. Yes, a libtroll. Sure, you can call me whatever name that soft brain of yours can come up with.

You know what name calling says to me? that you don't have anything left -- don't worry, it's a common symptom of "full of shit" syndrome. It isn't lethal but it has no cure. Lot of that going around these days...you and your buddy Trav have a lot more in common than you think.

Sun, 03/27/2011 - 01:03 | 1104709 baby_BLYTHE
baby_BLYTHE's picture

@Maniac R

Fine, GTFO. Quit wasting your time here. Obviously something lead you to come to ZH and take the time to set up an account.

I realize it must be quite depressing to someone of your profession seeing how much ASS Tyler kicks on a consistant unrelienting basis, getting plugs by financial channels and some of the largest nationally syndicated programs.

Now, back to yahoo to join your ilk.

Mon, 04/04/2011 - 20:34 | 1135099 Maniac Researcher
Maniac Researcher's picture

No. I think I will stay and continue pointing out your bullshit where applicable, thanks.

-

Your "appeal to authority" argument about ZH credibility because it was mentioned by Rush Limbaugh is laughable - and only convincing to you and your friends.

Something did bring me here, though - you are correct. In order to attempt to conduct empirical research, you have to read all sides of the story - including the wingnut side. Many researchers avoid this area because of the frustrating number of willfully ignorant individuals they come across [Hello there!]. So ZH is somewhat useful in that regard - well, that and comic relief.

Sun, 03/27/2011 - 07:53 | 1105022 docj
docj's picture

Not for nothing Doc, but the euro-left organizing a "massive protest", more often a rent-a-mob of the perpetually unemployed, is about as uncommon as high-tide.

Sat, 03/26/2011 - 13:28 | 1103158 Hexus
Hexus's picture

And your flag would encourage them to take away your economic rights, let the countries infrstructure fall to pieces and cut police funding.

"Turn us into a third world country while the bankers run off with out tax money, or I'll kick and scream and talk tough on the internet!"

Fuck you. Retard.

Sat, 03/26/2011 - 13:36 | 1103170 tmosley
tmosley's picture

This is exactly what I was talking about above.

Sat, 03/26/2011 - 14:47 | 1103334 Maniac Researcher
Maniac Researcher's picture

right...and the comment above isn't "talking tough on the internet?" Typical hypocrisy. And what is the solution offered here? another insult. There are plenty of arguments against social welfare programs - but only embittered ignorance is to be found here.

Sat, 03/26/2011 - 20:43 | 1104115 sun tzu
sun tzu's picture

Yes embittered ignorance is found right where you're are

Mon, 04/04/2011 - 20:50 | 1135149 Maniac Researcher
Maniac Researcher's picture

Right...and that's why we're having a useful conversation about the merits and costs of social welfare programs rather than addressing your hypocricy. Congrats! You've pulled the "I'm going to accuse you of what you are calling me out on" strategy! Works well at cocktail parties and blog threads!

You don't want to talk about these programs because you don't know anything about them. In fact, I think there is little you know about at all.

Let's take the name you have chose for yourself, for instance. You've chosen to call yourself "sun tzu," obviously named after the Chinese philospher and strategist. If you actually knew anything about this individual [which may be more the product of propaganda than actual historical fact] you would spell his name correctly -- which is closer to Sunzi. You are using the outdated western-styled Wade-Giles system. 

Even a casual scholar of Chinese history would come across numerous examples of his name being spelled via Pinyin - a system set up by *gasp* Asians in order to more closely portray correct pronunciations.

So what does all this mean? Simply that you don't know shit about yourself, which means your opinions of others are going to be equally questionable and dubious. Have a nice day.

Sat, 03/26/2011 - 10:39 | 1102699 TBT or not TBT
TBT or not TBT's picture

Just a point of pedantry here, England is not in "the heart of the continent".      It is on a big ass island offshore, where they still have their own fiat currency.   Still, it is a gorgeous thing, watching entitlement burn up.     You shall work by the sweat of your brow, bitchez.   Wages of all that sin.

Sat, 03/26/2011 - 12:37 | 1103030 Bananamerican
Bananamerican's picture

sort of like "Rewarding Merit and punishing Failure" TBTf?

Sat, 03/26/2011 - 10:39 | 1102704 Rodent Freikorps
Rodent Freikorps's picture

Full circle.

The Brits are now Cargo Cultists.

Sat, 03/26/2011 - 13:53 | 1103227 Moe Howard
Moe Howard's picture

Exactly. John Frum, Brit Bitchez!

Sat, 03/26/2011 - 11:22 | 1102831 equity_momo
equity_momo's picture

Your last 6 words sum it up.

Its over. These people are the future of the UK.   They will be lining up for their daily ration of food in due course . It will be just another shade of communism.

Sat, 03/26/2011 - 20:46 | 1104128 sun tzu
sun tzu's picture

The new crop of communists have learned from the USSR and other failed communist regimes. They will have circuses and dope up the masses

Mon, 03/28/2011 - 10:47 | 1108554 dervish
dervish's picture

no, they won't line up. more likely they will fight for it. brits have the manners and instinct to queue, but wait until there is no more job and no more beer, and revolution will spread from north africa to britain and the rest of europe as well. the people who build up all these nation states will bring them down slowly, cause they are needed no more for the control of the plebs

Sat, 03/26/2011 - 10:13 | 1102648 Rahm
Rahm's picture

Canada yesterday, UK today, everywhere else last week.... next U.S.?

Sat, 03/26/2011 - 10:18 | 1102651 Deepskyy
Deepskyy's picture

Maybe on a local or state government scale but nothing federal.  There will be no federal austerity measures.  We still have uncle Ben with his magical printing presses to ensure that the checks just keep coming in the mail...

Until they stop.

 

Sat, 03/26/2011 - 11:45 | 1102892 John Law Lives
John Law Lives's picture

The only way to attack the massive annual federal budget deficits in the US is to make deep cuts in Defense, Social Security, Medicare and Medicaid.  There may be some cuts in Defense, but no politician has the guts to make deep cuts in the other 3 areas.  The US may never produce a balanced budget again.

When will the great R-E-S-E-T button be pressed?

Sat, 03/26/2011 - 10:20 | 1102663 EscapeKey
EscapeKey's picture

Did you forget Wisconsin already? This thing is spreading.

Sat, 03/26/2011 - 13:34 | 1103167 Hexus
Hexus's picture

The UK isn't in the Middle East or North Africa. Besides why would MI6 coup the same government that pays their wages? Don't be expecting any "revolutions" in western countries, Harper will be replaced by another clone. The coalition will just ignore these protests.

Sat, 03/26/2011 - 10:23 | 1102650 falak pema
falak pema's picture

London is preparing the stage for next year's olympic games...Mayhem this year and peace and love next year...the Brits love their 'love/hate the establishment' cycles. The Tories have no margin for negotiation and its going to be bitter medicine time now, to be dished out for the coming decade...Maggy Thatcher's ghost will then be laid to rest...Until...the next entrepreneurial age..God save the queen.

Sat, 03/26/2011 - 10:24 | 1102668 EscapeKey
EscapeKey's picture

What I find truly shocking about the PR measures of the Tory party, is that in a comparable situation, I'd absolutely bang the drums about a return to the socialist 70'es being the alternative, with massive unrest, strikes, 3-day workweek, shortages, and garbage mountains in Leceister Square.

Sat, 03/26/2011 - 10:17 | 1102653 no2foreclosures
no2foreclosures's picture

The previous blogger stated the following truth:

There is zero chance the budget can be resolved through further taxation, and the demonstrators smoke crack if they think it can.

But it's amazing that the British government have no problems or qualms in bailing out the banksters when they their needs arise.  So, maybe the "solution" lies not in the budget but in quantitative easing, i.e., print the zillions of pounds.

Sat, 03/26/2011 - 10:22 | 1102664 falak pema
falak pema's picture

The gvt. didn't "bail out" the bankers...The bankers own gvt...How do you bail out those who own you...? You execute their demands, by stealing the money of Main street from the present + coming generations...hardly a bail out, more rampant 'stand and deliver'...as in the USA.

Sat, 03/26/2011 - 10:22 | 1102665 EscapeKey
EscapeKey's picture

The standard red herring reply.

The 2011-2012 budget deficit does not include aid to the finance sector. The problem can't be "solved" through "not giving banks money".

Sat, 03/26/2011 - 12:16 | 1102965 Dr. Porkchop
Dr. Porkchop's picture

What there needs to be is a disincentive for the banks to engage in ponzi economics, and an incentive to return productive use of capital as a concept. Economic strength based on something other than debt and asset bubbles. The bad money must be driven out and the criminals must go to jail.

Sun, 03/27/2011 - 07:54 | 1105023 css1971
css1971's picture

Same solution for the UK as the US: End the welfare for banks. Shut down the central bank, prevent them from shoring up organisations which are clearly completely incompetent.

 

Sat, 03/26/2011 - 13:42 | 1103189 Hexus
Hexus's picture

Instead of giving the banks money supposedly so they can loan it to SMEs, just loan the money directly to SME and let the banks fail, taking their toxic sludge and criminal practices with them. The "credit crunch" caused the crisis in the real economy, the lack of credit can be fixed easily.

I know you will ignore this obvious solution because deep down you think the bankers are decent guys, it's just nasty socialist governments that have corrupted the free market.

Sat, 03/26/2011 - 15:18 | 1103368 EscapeKey
EscapeKey's picture

No, I will "ignore" this response, not because "I think bankers are good guys" (seriously, what the fuck are you on about) - I will ignore it, because the budget deficit does NOT include any "help" for the bankers (beyond secondary consequences, such as interest paid on added debt), but socialists never want to talk about that. They just want to whinge about bankers.

53% public sector spending as part of GDP is NOT sustainable without a significant increase in tax rates, and no doubt you'll be entirely happy if they slapped another 20% across-the-board tax hike on everything in order to balance the budget. 150-160p/litre petrol sound good to you?

And obviously, that is entirely ignoring secondary economic consequences, such as people just full stop shutting down their businesses, or stop working, because it no longer pays for them not to collect welfare, which in turn will then increase deficits again.

But hey, let's just whinge about bankers, because a 53% public sector spending rate - NOT counting massive public sector pension liabilities - is ENTIRELY sustainable according to Gordon Brown voters.

For the record, I said from day one the banks should be allowed to collapse. You didn't know this, but just decided to go on a rant, supposedly justified by your pre-conceived conclusion with regards to my beliefs.

Sun, 03/27/2011 - 00:27 | 1104643 tmosley
tmosley's picture

I was friends in school with someone who became a banker.

We aren't friends any more.

Sat, 03/26/2011 - 10:38 | 1102696 zaknick
zaknick's picture

It was just recently revealed that like many other high net worth companies, Barclays pays no taxes in Britain. Kinda like the Vampire Squid & friends on Wall St.

I don't get these country and self-hating scum or trolls who are against taxing the 666 banksters to death.

Sat, 03/26/2011 - 11:16 | 1102816 falak pema
falak pema's picture

Well..if you tax them to death literally..you'll lose the goose..that laid..

Sat, 03/26/2011 - 12:54 | 1103072 Bananamerican
Bananamerican's picture

...the shit that's burying the Western World

Sat, 03/26/2011 - 13:45 | 1103201 Hexus
Hexus's picture

+1

Do people think shuffling papers around adds to GDP? All the bankers are doing is sucking money out of the real economy through speculation and debt interest. Why are commodity prices so high? Speculation.

Sat, 03/26/2011 - 12:14 | 1102963 Caviar Emptor
Caviar Emptor's picture

Like GE here in US over the past 3 decades. 

Add this to the mix of news that describe the current outrage: 

 

Borders May Be Bankrupt But It Wants To Pay Executives $8.3 Million In Bonuses

http://www.businessinsider.com/borders-bankrupt-bonus-2011-3#ixzz1HisEwADM

Sat, 03/26/2011 - 20:49 | 1104134 Bobbyrib
Bobbyrib's picture

They earned that money! I'm so sick of class warfare. Quit being a socialist. (sarcasm).

Sat, 03/26/2011 - 11:57 | 1102923 Kayman
Kayman's picture

A Welfare Recipient is still a Welfare Recipient.

Bankers on Welfare simply get larger checks.  Now all the Welfare Recipients are fighting amongst themselves.

What, pray tell, does Britain or America produce anymore, other than bogus IOU's ?

Sat, 03/26/2011 - 12:15 | 1102970 Caviar Emptor
Caviar Emptor's picture

IOUs....and garbage: turns out China imports tons of scrap metals, paper, wood and other raw materials America throws away. AND it's one of America's top exports (!)

Speaks volumes...

Sat, 03/26/2011 - 12:37 | 1103033 falak pema
falak pema's picture

don't knock recycling great industry of the future that China and India adopted fifteen years ago...

Sat, 03/26/2011 - 12:40 | 1103039 Rodent Freikorps
Rodent Freikorps's picture

We've exported nearly all the machinery from closed factories, as well.

Those factories are gone. They cannot be re-opened. They are empty.

Sat, 03/26/2011 - 20:51 | 1104147 Bobbyrib
Bobbyrib's picture

They can be re-opened. Americans would have to be willing to do make due with less and buy American made products. If people were willing to not shop at WalMart, Target, etc. we could rebuild the manufacturing base of this country.

I see what you are saying though. Most likely they won't re-open.

Sat, 03/26/2011 - 10:20 | 1102660 Forgiven
Forgiven's picture

If you don't like it, get off the teet!

Sat, 03/26/2011 - 12:19 | 1102986 Caviar Emptor
Caviar Emptor's picture

You don't get it.....EVERYONE IS ON THE TEET in a nation that only produces national twin deficits, spending more than it ever makes and simply making up the difference through money printing and debt......

There is no better or worse moral justification to accepting money whether you are on welfare in Detroit or sitting in AIG corporate headquarters looking busy. It's the same thing because you're living on the national credit card. Only difference: when TSHTF one person will make out like a bandit, the other won't. And anyone working at truly productive and profitable enterprise  will get screwed both ways. 

Sat, 03/26/2011 - 13:51 | 1103211 Hexus
Hexus's picture

The average person spends that money in the real economy stimulating demand. Bankers on the other hand speculate in commodities, driving up prices artificially and damaging the economy.

Sat, 03/26/2011 - 15:47 | 1103484 Chump
Chump's picture

We need to all do our part and get on welfare then.  Stimulation to the moooon!

Sat, 03/26/2011 - 10:21 | 1102666 JollyRoger
JollyRoger's picture

There are already rumblings in the U.S.  Some states have proposed laws to accept gold and silver as legal tender.  If that's not a form of protest against federal monetary policy, I don't know what is.

 

http://silvercointrader.com/2011/03/gold-and-silver-as-alternative-currency/

 

 

Sat, 03/26/2011 - 10:41 | 1102709 Blano
Blano's picture

So far all I've heard is that states would accept payment in gold and silver.  If states don't actually give people the option of receiving refunds/overpayments etc. in gold and silver, I don't really think it means much.

Sat, 03/26/2011 - 11:43 | 1102891 silvertrain
silvertrain's picture

....

Sat, 03/26/2011 - 11:21 | 1102824 Long-John-Silver
Long-John-Silver's picture

If you read our constitution you'll find a provision where States can coin Silver and Gold for payments of debt. They realize the US Dollar is being devalued by the FED and are taking action to save themselves from a complete collapse of the US Dollar. As it stands now any State that does not take this form of action could find themselves being forced to take tax payments in the form of a dead currency. This way the can demand tax payments be made in Silver and/or Gold.

Sat, 03/26/2011 - 10:22 | 1102670 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

All you need to do is blow up the house of parliament... simple.

Sat, 03/26/2011 - 10:44 | 1102712 zaknick
zaknick's picture

Kill the City and Parliament can be controlled although I prefer zero central gov.

Sun, 03/27/2011 - 07:48 | 1105013 css1971
css1971's picture

Kill the Bank of England and the private banks and government are brought to heel. It is the establishment of a central bank which kills the free market.

 

Sat, 03/26/2011 - 10:42 | 1102714 falak pema
falak pema's picture

Hey Guy Fawkes's son...can you just wait uptill the 5 november 2012...after the olympic games please...

Sat, 03/26/2011 - 11:47 | 1102895 John Law Lives
John Law Lives's picture

I had you pegged for a disciple of Guy Fawkes.

Sat, 03/26/2011 - 12:43 | 1103045 Rodent Freikorps
Rodent Freikorps's picture

How did that turn out?

Sat, 03/26/2011 - 14:37 | 1103316 John Law Lives
John Law Lives's picture

The plot is still unfolding...

Sat, 03/26/2011 - 15:02 | 1103369 Rodent Freikorps
Rodent Freikorps's picture

Never say die.

Sat, 03/26/2011 - 10:25 | 1102671 Rodent Freikorps
Rodent Freikorps's picture

Just 28% of the Portuguese population between 25 and 64 has completed high school. The figure is 85% in Germany, 91% in the Czech Republic and 89% in the U.S.

http://online.wsj.com/article/SB10001424052748704076804576180522989644198.html?mod=WSJ_hp_mostpop_read

 

Sat, 03/26/2011 - 10:40 | 1102703 falak pema
falak pema's picture

So you're in the...US 11%?

Sat, 03/26/2011 - 10:45 | 1102724 zaknick
zaknick's picture

lmao

Straight out of the Hitler Youth!

Sat, 03/26/2011 - 10:50 | 1102729 Rodent Freikorps
Rodent Freikorps's picture

Truth hurt?

Sat, 03/26/2011 - 11:05 | 1102780 falak pema
falak pema's picture

Delusional truth hurt? kind heartedness and hard work never hurt...What hurts is the sound of asses shitting gun bullets into the pure blue sky, to feel "free" of oppression in their back sides...Just have a good crap...its fertilizer for your pig farm. You are your own prisoner...but knowing that means having a sense of balance. Difficult to have balance if you have as life mantra: take no prisoners!

Sat, 03/26/2011 - 13:01 | 1102829 Rodent Freikorps
Rodent Freikorps's picture

I'm sure they'll do it your way. More of the same will fix everything.

Anyway, the point wasn't to dump on the Portuguese, but to point out how boned their economy is. Europe does not need them for cheap labor anymore. How do they change to high tech economy when nearly 3/4 of the country does not even have a high school education?

Sat, 03/26/2011 - 12:02 | 1102934 Kayman
Kayman's picture

And the Portugese are likely better educated than the average American high skool gradjit.

America, though not alone, has some of the brightest pennies and some of the dumbest slugs on the planet.

The problem is the slugs are still breeding.

 

Sat, 03/26/2011 - 10:29 | 1102676 pauldia
pauldia's picture

I heard  Michael Moore and Jesse Jackson chartered a plane and are on their way with G.E.'s finest, Ed Schultz and Rachel Maddow. They care sooooo much and I'm sure they will find a way to hook their favorite bogeyman into the story. Guess who?

Sat, 03/26/2011 - 11:47 | 1102749 i-dog
i-dog's picture

This 'demonstration' is being stage-managed by TPTB (just like Greece and France last year) to pressure the government into taking on more taxpayer debt to the banksters. No cutbacks in government spending are allowed (or the unions will strike again); no increases in direct taxation are allowed (or the ailing economy will simply croak) -- leaving the only other option: to print (ie. borrow in the name of the taxpayers) more.

Sat, 03/26/2011 - 11:04 | 1102773 msjimmied
msjimmied's picture

GAWD! we down to the dime a line trolls! I think you were assigned HP this morning, go check....

Sat, 03/26/2011 - 10:30 | 1102677 Horatio Beanblower
Horatio Beanblower's picture

The British people now stand at a fork in the road.  One road leads to free market capitalism.  The other road leads to totalitarianism.  The British people will choose the road to totalitarianism.  They will choose the road to totalitarianism because it is the easier choice.  The vast majority of British people are very, very good slaves.

Sat, 03/26/2011 - 10:41 | 1102710 TBT or not TBT
TBT or not TBT's picture

They already chose.    They get prosecuted for having a kitchen knife, or speaking their minds, nevermind defending themselves or their property from the animalized humans running loose.   The latter get off and get out easily, because they are victims, see, of "society".    Not so hardworking tax paying yeomen of the realm.

Sat, 03/26/2011 - 10:55 | 1102752 falak pema
falak pema's picture

Soon the true sons of US of A will be alone like the Mohicans as defenders of true "free market" capitalism. I wonder when this wonderful utopia will come to fruition ...given that the USA imports most of it's energy, of its products, exporting it's guns and it's debts to the world...Free market economics of guns and toilet paper money...?

In the meantime, back at home, Benocide prints away to put the NEW Mohicans on the road to oblivion...Maybe the Mexicans will recolonise totally the USA in the next forty years...We will all speak spanish in Manhattan. In the coming years...you will all be singing..."there are 9 million bicycles in New York"...Katie Melua anyone...?

Sat, 03/26/2011 - 12:05 | 1102946 Kayman
Kayman's picture

falek

Even as toilet paper the FRN is wanting....

Sat, 03/26/2011 - 12:07 | 1102953 falak pema
falak pema's picture

Sorry u lost me : FRN = ?

Sat, 03/26/2011 - 12:15 | 1102972 Rodent Freikorps
Rodent Freikorps's picture

Federal Reserve Notes. AKA dollars.

That fiat stuff people around here talk about every minute.

Sat, 03/26/2011 - 12:40 | 1103038 falak pema
falak pema's picture

OK. So u went to school.

Sat, 03/26/2011 - 11:00 | 1102759 Horatio Beanblower
Horatio Beanblower's picture

TBT,

 

I think you have just hit me square on the jaw with a big, fat reality check.  Perhaps I just didn't want to believe it myself.  I have watched in horror at the deterioration of my country over the past twenty years or so.  I have watched in amazement at the erection of a police state that very few people can even recognise, nevermind protest about.  When I mention the words 'police state' to anyone, including my MP, they think I am a nutcase.  They just laugh, as if they do not have a care in the world.  

 

Most Brits wouldn't have a clue what jury nullification is.  Or the Magna Carta.  Or the Bill of Rights.  The British people have given up their ancient rights without a care in the world.  And soon, very soon, they are going to be forced to pay an incredibly heavy price for the choices that they have made.   

Sat, 03/26/2011 - 11:05 | 1102783 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

Sons of Liberty 2.0

Sat, 03/26/2011 - 12:42 | 1103041 False Capital
False Capital's picture

True, but every now and again there is a glimmer of hope.

http://maxkeiser.com/2011/03/14/for-those-wondering-whether-we-can-expec...

Sat, 03/26/2011 - 10:51 | 1102738 Tater Salad
Tater Salad's picture

+1 Horatio, well said!

Sat, 03/26/2011 - 10:43 | 1102706 Snake
Snake's picture

.

Sat, 03/26/2011 - 10:45 | 1102722 Vaga222
Vaga222's picture

No the sheeple are not waking up, they are simply wanting more of the same government subsidies and handouts. I'd say that their actions are pushing them from sleep into a deep coma of ignorance.

I just hope that your wrong and that we don't see any violence but when people feel passionate about a subject they do stupid things: Student, 23, arrested for throwing a fire extinguisher at police during student riots

Sat, 03/26/2011 - 12:53 | 1103069 unununium
unununium's picture

The sheeple are beginning to demand their sloppy seconds at the fiat tap.  They will eventually get something.  All part of the plan.

Sat, 03/26/2011 - 10:50 | 1102717 plocequ1
plocequ1's picture

I dont believe it. Its some kind of an illusion.

Sat, 03/26/2011 - 10:46 | 1102720 equity_momo
equity_momo's picture

Well this put an end to my plans for lunch at The Ivy and a spot of shopping in Burlington Arcade afterwards.  Cant risk the Bentley being damaged. Will have to tell the driver to divert to South Kensington , might just get an order into the kitchen in time for Pan Fried Protester.

Sat, 03/26/2011 - 10:49 | 1102726 Tater Salad
Tater Salad's picture

All these generation "Me" fucks out there protesting need a good 'ol fashioned ass whoopin'.  I can't believe I'm watching this shit unwind in front of my eyes, truly shocking.

 

 

Sat, 03/26/2011 - 11:04 | 1102727 London Dude Trader
London Dude Trader's picture

.

Sat, 03/26/2011 - 10:51 | 1102734 Mr Pinnion
Mr Pinnion's picture

It s just one set of parasites (union ‘workers’) , fighting another set of parasites (bankers).
Each wants to force the government to suck more blood out of the overworked, underpaid private sector.
Both the unions and the banks know the host is dying and can t support the two sets of parasites. So they fight each other to be the last parasite standing.
Personally, speaking as a private sector worker who produces a hell of a lot more than i consume.
I hope the lazy fuckers tear each other to shreads, then my life would be a whole lot easier as i would nt have them to support any more.

Regards

Ozzy

Sat, 03/26/2011 - 10:52 | 1102747 Tater Salad
Tater Salad's picture

Pin Head, you have no idea.  First off, the bankers aren't the problem...do your homework, it's quite simple.  Secondly, if the union workers do any damage of any signifance, you're life will be miserable, mark my words.

Unions need to be abolished, end of story.

Sat, 03/26/2011 - 10:59 | 1102764 Mr Pinnion
Mr Pinnion's picture

fuck you tossa

any business that bleeds the tax payer to survive is a parasite. End of story.

unions are shit yes, like i said parasites.

But cant you see the banks are robbing you?Are you stupid or are you a parasite banker?

Regards

Ozzy

Sat, 03/26/2011 - 11:08 | 1102790 AG BCN
AG BCN's picture

agree, parasites the lot of them.

Governments - don't produce anything.

Public Sector - don't produce anything.

Bankers - don't produce anything.

Unions - don't produce anything.

Anarchists / skinny dog brigade - don't produce anything.

Sat, 03/26/2011 - 11:19 | 1102821 Tater Salad
Tater Salad's picture

Quit gargling socialist balls and listen up.  Start doing your home work you fuck.  Banks were (and are) being forced to give loans to people like you, broke dicks.  Starts with the liberal sodemist, Barney Franks...trickles to banks, Fannie Freddie et. al. and then viola, we have a banking system that went tits up.  Who's fault is that?  I blame the dip shit that took the loan at 5-6X earnings.  Where is the responsibility?  Why is it that if you can't afford your mortgage that you can blame the private sector?  I'm a free market capitalist, end of story!

Chicken or the egg, what do you believe?  I think it's an easy equation, however the lamestream media is force feeding you their liberal bull shit and you're eating it by the bucket.

At least the banks paid tarp back with interest...And NO, they shouldn't be able to borrow from teh fed window at zero and ramp commodities with prop desk trading but that's the fed, not the banks.  Again, chicken of egg.

 

 

Sat, 03/26/2011 - 11:51 | 1102918 johnnymustardseed
johnnymustardseed's picture

He Tater Salad... get your talking points straight from FOX? Blame the gay guy cause you are all about hate

This might be your President Bush's fault. You will love the part where he gives people who have NO DOWN PAYMENT free money!!!

President Hosts Conference on Minority Homeownership

President George W. Bush hosted the White House Conference on Minority Homeownership to discuss public and private sector efforts to address the homeownership gap and increase the number of minority homeowners in America.

In June, President Bush announced the national goal of increasing the number of minority homeowners by at least 5.5 million by the end of this decade. Meeting the President's goal will not only help more Americans enjoy the benefits of owning their own homes it will also help strengthen America's economy. According to a study released today by the Department of Housing and Urban Development, meeting the President's goal will involve $256 billion in economic activity in the form of construction and remodeling jobs, spending on household goods, and other benefits.

Background on Today's Presidential Action

While the overall homeownership rate has reached an all-time high of nearly 68 percent, recent statistics point to a homeownership gap. The second quarter 2002 Census data show that non-Hispanic whites have a 74.3% homeownership rate, while African-Americans have a 48% rate, Hispanics a 47.6% rate; and Asian-Americans and other races a 53.7% homeownership rate.

In June, President Bush announced an aggressive homeownership agenda to dismantle barriers to homeownership by providing down payment assistance, increasing the supply of affordable homes, increasing support for self-help homeownership programs, and simplifying the homebuying process and increasing education. The President also issued "America's Homeownership Challenge" to the real estate and mortgage finance industries to join in his effort to increase the number of minority homeowners by taking concrete steps to tear down the barriers to homeownership that face minority families.

The Bush Administration is working to increase homeownership among minority Americans through a number of new and expanded initiatives, as well as through ongoing programs administered by HUD and other federal departments, including:

PROVIDING  Downpayment Assistance. The single biggest barrier to homeownership is accumulating funds for a downpayment. The President has proposed $200 million annually for the American Dream Downpayment Fund to help roughly 40,000 families a year with their downpayment and closing costs. In addition, the Administration has proposed the use of Section 8 funding to assist with downpayments, and provides downpayment assistance to low-income and minority homebuyers through the Community Development Financial Institutions (CDFI) Fund at the Department of Treasury.

Increasing the Supply of Affordable Homes. The President wants to dramatically increase the supply of homes available to low and moderate income families. The President has proposed the Single-Family Affordable Housing Tax Credit, which will provide approximately $2.4 billion to encourage the production of 200,000 affordable homes for sale to low and moderate income families.

Increasing Support for Self-Help Homeownership Programs. The President's budget triples funding for organizations like Habitat for Humanity that help families help themselves become homeowners through 'sweat equity' and volunteerism in their communities.

Sat, 03/26/2011 - 14:28 | 1103300 Bananamerican
Bananamerican's picture

"Banks were (and are) being forced to give loans to people like you, broke dicks."

Right wing corporate shills have gotten a LOT of mileage out of this one with the ditto brigade

Sat, 03/26/2011 - 12:15 | 1102969 Mr Pinnion
Mr Pinnion's picture

LOL.  Dont know where to start witn your inconsistant crap.

First off, i m not broke,and i have no debt,none, nada. I have Gold, Silver and stuff.

 "I'm a free market capitalist, end of story!"........Ha Ha HaAAAAAAA.

In a free market ,all the banks would be history .There propped up by the fucking taxpayer you moron!

 "I blame the dip shit that took the loan at 5-6X earnings.  Where is the responsibility?"

Well if Joe Blogs goes for a loan, its the bank managers responsibility to make sure he can pay the loan back(pluss interest).Its the bank managers job! He s the professional money man.Joe Blogs just wants as much money as he can get.

I might take my car to get fixed.Lets say it needs a new engine.The machanic gives me an estimate that it will cost $10  . I say wow ! thats cheap , go ahead and do it as i can afford it.After all the machanic must know what hes talking about, its his job.

Then i go collect my car and the machanic tells me the bill is $800 .I say i cant afford it , give him $10 dollars and drive off.Hes lost loads of money on the job and goes broke.Do you think its my fault he went broke?Do u think he deserves a bailout from the tax payer??

 

Your realy rather stupid arn t you.

Regards

Ozzy

 

Sat, 03/26/2011 - 14:38 | 1103321 Atomizer
Atomizer's picture

 "I'm a free market capitalist, end of story!"........Ha Ha HaAAAAAAA.

In a free market ,all the banks would be history .There propped up by the fucking taxpayer you moron!

+∞

Bravo Ozzy. The mouth breathers treading just above water are watching the timer tick to zero.

Sat, 03/26/2011 - 12:35 | 1103027 Arkadaba
Arkadaba's picture

 

Tater Salad

Member for

2 weeks 4 days

New troll blood!

 

 

Sat, 03/26/2011 - 12:48 | 1103055 False Capital
False Capital's picture

WTF?! The entire central bank-backed fractional reserve monetary system is a massive fraud and yet you claim these people are not parasites? Are you some kind of moron or a paid troll?

Sun, 03/27/2011 - 05:11 | 1104930 Lednbrass
Lednbrass's picture

I fully support your right to be an idiot Tater but you are abusing the privilege.

Yes, pubic sector unions are a huge problem but you are yourself a poster child for useful idiots. I doubt you have a single thought in your head that wasnt implanted by one of the dueling propaganda teams.

Now repeat after me-

Corporatism is not an antidote for Statism

Corporatism is not an antidote for Statism

Keep repeating this until it sinks in, and if that doesnt work go tattoo it on that inch wide forehead.

You cant call yourself a free market capitalist and support TARP- if you think so you are truly fucking stupid.

Sat, 03/26/2011 - 10:51 | 1102743 miker
miker's picture

It's going to happen in the USA; give it a couple more years.  Small business are dying off month by month as they run out of money and hope.  Big corps will be pushed on margins.  International corps have had their technology robbed by China and India.  Their profits will suffer in coming years. 

It will come but not just yet.

Sat, 03/26/2011 - 11:05 | 1102778 BernankeHasHemo...
BernankeHasHemorrhoids's picture

In the meantime stock up on as much weaponry and ammunition as you can afford and practice your shooting skills. BoA, Chase, Citi, Wells here we come, baby.

Sat, 03/26/2011 - 11:09 | 1102794 Tater Salad
Tater Salad's picture

Bernanke.

You my friend are what we call in these parts a dip shit!  Please stop speaking as you're clearly a dillusional and deranged individual. 

STFU

Sun, 03/27/2011 - 07:40 | 1105005 css1971
css1971's picture

Remember!

 

The first rule of Fight Club is ...

 

Sat, 03/26/2011 - 11:06 | 1102788 Tater Salad
Tater Salad's picture

You're right, it will happen here but much sooner than we all think. Perhaps when austerity measures are taken here which I think O-bla-bla will try to punt to the next president as "O" knows he's a one termer.

 

 

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