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SixFeet
Advanced Member
United Kingdom
2,285 posts
Joined: Jan, 2005
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 Posted - 2008/10/08 : 16:40:49
We're living now in a system where 1% of the world's population own over 40% of the wealth.
A world where over 50% of the worlds population live off less than £1 a day and over 34,000 children die each day from poverty and preventable diseases.
A world where the people voted into office are just puppets to further the agendas of the rampant capitalist organisations. Dick Cheney was on the board of director's for Halliburton, the company that was gifted the entire deal on rebuilding the infrastructure of Iraq. When have business men that are out to seek after profit suitable to apparently run a country?
A system where we can invade countries for vested interests of the people pulling the strings to make profit through the suffering and deaths of others.
A system where we overthrow democratically elected governments and install genocidal dictators that murder millions which are conviently overlooked by the media as they are along with our agendas.
Where the elite fund political elections and then manipulate the candidates to get on board with there outlook and then control the decisions. John McCain as little as 3 years ago was one of the most vocal people about the treatment of PoW's in America, such as never being charged, no chance of release, torture etc. When it came out he was wanting to run for president they threatened to torch him with the voters. Now he has a complete U-turn upon the subject.
Where every single thing is privatised. Water, Electricity, Health Care, Prison, Economical structures, Military, Education. The infrastructure of a country for the people should not be there for someone to make money from, it should be there to help the people.
Where the World Bank and IMF and manipulate entire continents via loans with insanely high interest. When the countries are longer able to pay them back, they force them to privatise their amenities and sell off their resources. The World Bank is owned by the US treasury which has a 51% share stake in it. An example: World Bank in 1968 gave Ecuador large loans. Let's compare the statistics from 1968 to 1998
Poverty:
1968 - 50%
1998 - 70%
Under/Unemployment:
1968 - 15%
1998 - 70%
Public Debt:
1968 - $240,000,000
1998 - $16,000,000,000
Allocation of resources to the poor:
1968 - 20%
1998 - 6%
By the year 2000 50% of Ecudaor's budget had to be allocated to paying these crippling debts brought on by the World bank.
It's sickening. A great example of all this is occuring right now with the Economy and the way they're dealing with it.
When money is made by the treasury it is distributed to the banks. These are simply corporations out to make profit. They make this profit through interest on the loans of which they distribute to me and you. The interest means that extra debt is then added on top of the money made, thus that there is not actually enough money in the system for everyone to actually pay back the banks.
An example:
£1,000,000,000 is added by the treasury into the UK economy. It is distributed to the banks. This £1,000,000,000 is then leant out on loans, mortgages etc. to us but as the bank isn't out to look after the general populace but to make a profit this is leant out at a 10% interest rate. That means £1,100,000,000 is owed back. But only £1,000,000,000 is actually available in the system to repay this debt. This means 1 in 10 people will be bankrupted, forced to sell their possessions and lose their home. It is impossible for this debt to therefore be paid as their is simply not enough money to actually play it. The bank therefore requests extra money be pumped into the economy by the treasury. The circle once again continues. The debt stacks up the more money is actually pumped into the countries economy.
THE ONLY POSSIBLE OUTCOME IS A RECESSION, WHERE SO MUCH DEBT HAS BEEN MADE THAT NO-ONE CAN POSSIBLY REPAY THEIR DEBT.
Welcome to today's economic crisis. And the government that is influenced by corporations running rampant to make profit, they decide the best way is to bail out the banks. Not giving us the settlement to repay our debt, they give it to the banks. The banks that put us in the debt in the first place. This money that will be given to the banks will then again just be loaned out by interest back to us, simply delaying the inevitable.
This system simply makes the elite owning the majority of the global wealth richer and us poorer.
Why do we continue to allow this to occur?
RANT OVER!
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Ionosphere
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United Kingdom
3,750 posts
Joined: Dec, 2004
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Posted - 2008/10/08 : 17:09:45
quote:
Originally posted by SixFeet:
Why do we continue to allow this to occur?
Common sense says if you can't pay for it, you can't afford it. So go with out.
and most people's childish response to that?
" ....but I want it! "
so they borrow money having lost the ability to distinguish between need and want.
So it gets worse and some would say it's our own selfish, stupid egotistical faults....
....whilst the very rich sit in their penthouses or on their yachts rubbing their hands together thinking " Suckers, what can we tempt them with next? ".
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SixFeet
Advanced Member
United Kingdom
2,285 posts
Joined: Jan, 2005
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Posted - 2008/10/08 : 18:24:17
quote:
Originally posted by Ionosphere:
quote:
Originally posted by SixFeet:
Why do we continue to allow this to occur?
Common sense says if you can't pay for it, you can't afford it. So go with out.
and most people's childish response to that?
" ....but I want it! "
so they borrow money having lost the ability to distinguish between need and want.
So it gets worse and some would say it's our own selfish, stupid egotistical faults....
....whilst the very rich sit in their penthouses or on their yachts rubbing their hands together thinking " Suckers, what can we tempt them with next? ".
TBH Iono mate, I think it has grown far beyond simple materialism over the last few decades.
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whispering
Moderator
Finland
8,453 posts
Joined: Nov, 2002
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Posted - 2008/10/08 : 18:33:29
quote:
Originally posted by Ionosphere:
Common sense says if you can't pay for it, you can't afford it. So go with out.
Some of us dont have 10's of thousands of euros lying around. Plus i would pay more for housing if i rented an apartment.
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Smoogie
Advanced Member
United Kingdom
6,504 posts
Joined: Mar, 2006
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Posted - 2008/10/08 : 19:16:02
Its like an old saying goes: The rich will always be with us & the poor will always be with us!
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SixFeet
Advanced Member
United Kingdom
2,285 posts
Joined: Jan, 2005
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Posted - 2008/10/08 : 19:22:03
quote:
Originally posted by Smoogie:
Its like an old saying goes: The rich will always be with us & the poor will always be with us!
What I'm saying is why do people simply put up with this? Why do people allow themselves to be trampled on by the elite few and just accept it?
Have people really become that demoralised within themselves that they just accept that their situation will never change and continue to allow themselves to be used to make money that they are never allowed to see?
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Ionosphere
Advanced Member
United Kingdom
3,750 posts
Joined: Dec, 2004
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Posted - 2008/10/08 : 19:33:59
Yes. I have a mortgage but it's my only 'loan' and is an investment, unlike renting.
The point is, in answer to SixFeet's last question, the only thing that we can 'do' is refuse to borrow unnecessarily.
Voting in different politicians, as time has proven, is ultimately pointless.
The 'system' will fail in the end by natural causes.
Economic growth and it's associated greed and manipulation is not infinite.
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VIDEO - http://www.youtube.com/watch?v=5nYWkHCkaho
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Watson.
Senior Member
United Kingdom
276 posts
Joined: Jun, 2008
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Posted - 2008/10/08 : 19:38:38
quote:
Originally posted by SixFeet:
What I'm saying is why do people simply put up with this? Why do people allow themselves to be trampled on by the elite few and just accept it?
Have people really become that demoralised within themselves that they just accept that their situation will never change and continue to allow themselves to be used to make money that they are never allowed to see?
Their situation will only change if they actually do something about it. The fault of no-one but the individual.
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AxelPanic
Senior Member
United States
285 posts
Joined: Apr, 2008
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Posted - 2008/10/08 : 19:48:20
its called common sense. most people don't have it. much like you for writing it down in front of a group of people who (this is a guess) who just don't give a shag
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whispering
Moderator
Finland
8,453 posts
Joined: Nov, 2002
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Posted - 2008/10/08 : 20:37:37
quote:
Originally posted by SixFeet:
What I'm saying is why do people simply put up with this? Why do people allow themselves to be trampled on by the elite few and just accept it?
Have people really become that demoralised within themselves that they just accept that their situation will never change and continue to allow themselves to be used to make money that they are never allowed to see?
If you know of a better system that would work for the 6 billion people, id like to hear it. I know the downsides of our current system. But i'm not gonna resort to anarchy, because i havent heard a better way. Its easy to cmplane and point out the flaws, but to come up with a better system is not.
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__CMC__
Advanced Member
United Kingdom
593 posts
Joined: Aug, 2007
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Posted - 2008/10/08 : 20:52:36
I have encountered people being jealous as i am quite well off, my response to that would be should have stuck in at school then!
I worked hard to get what i got all these whine bitches going on about being in debt either do something about it ie. get a better job, further eductaion do something to improve your life or shut the **** up!
And what alot of piss about cant pay debts, dont take stuff on credit you cant afford! Growing up i was involved in some illegal activites which involed a fair amount of money being owed each week/month if i didn't pay i would have expected there to be severe actions taken against me maybe this has made me wise about taking credit but you would have to be retarded to take shit on credit you cant pay!
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__CMC__
Advanced Member
United Kingdom
593 posts
Joined: Aug, 2007
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Posted - 2008/10/08 : 21:04:19
I see you from the UK, if you think you have it bad where you stay try visiting other places in the world!
I have done quite alot of work overseas and not all of it has been in civilised countries, probably teh worst place i have saw has been Angola (Africa) whilst there my living allowance (beer money) for 1 week was more than the avarage monthly wage there. I was getting $350 per week living allowance plus all my meals and hotel were provided, the locals there don't get anything from the goverment, no handouts no **** all!
Homeless = tough shit sleep on the streets
Sick = so what go die unless you can pay medical bills
For you to complain about debt and trival stuff like that it just shows me that you have lived a very sheltered life and should open you eyes to the bigger picture! There is millions of people worse of than those that owe some money and please believe me there is millions of people that would cut there arm of to swap places with you the UK may not be perfect but imo you should be tahnkful that you stay there!
Stop whining bitch and if you aint happy in your minimum wage job its up to you to do something about it!
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jenks
Advanced Member
United Kingdom
3,700 posts
Joined: Feb, 2003
19 hardcore releases
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Posted - 2008/10/08 : 22:27:42
I don't think exploiting people's stupidity should be made a crime. Though I agree that things that are fundamental needs of a society shouldn't be left solely in the hands of people who are motivated by money and not the people's well being. I can't understand people who argue against socialized health care.
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Future_Shock
Advanced Member
Australia
2,483 posts
Joined: Apr, 2007
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Posted - 2008/10/09 : 06:53:14
quote:
Originally posted by __CMC__:
wah wah
You're 23 and you're quite well off? Do you own a house? have a mortgage? have a wife? have kids? even drive a car? Do you have to put food on the table for your entire family? Clothes? school? I ****ing highly doubt you do. And IF by some bizarre chance you're in that position at 23 - and still well off - you're one of the VAST minority in the world.
Don't you think if the solution to being poor would be to do something about it, then nobody would be poor? Dont be so ****ing stupid - there are people in the world who don't get that much opportunity, and actually DONT have a chance to do anything about it.
You say other people are living a sheltered life - but you have a very closed mind - which imo is a lot worse. They don't know any better, you do, but choose to be close-minded. Either that or you are lacking intelligence.
Its not as black and white as you think.
Not everyone wants to go for high-profession, high-paying jobs - THEY'RE NOT FOR EVERYBODY. I earn a humble amount of money, and i'm happy doing it because i love what i do, and wouldn't trade it for anything - and i JUST get by. Is everyone expected to sell out and do a job they hate for more money? NO, it SHOULDNT be like that - but interest rates and whatnot have got to the point where its becoming more likely we SHOULD be doing that. Thats exactly what sixfeet is saying - it SHOULDNT be like that.
Sorry CMC mate, but your post was full of ********, and you DONT know what you're talking about.
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Edited by - Future_Shock on 2008/10/09 06:56:46 |
Meph751
Advanced Member
United States
1,488 posts
Joined: Dec, 2005
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Posted - 2008/10/09 : 07:37:44
The banking section of your rant is kind of flawed. What do you propose we do, remove banks altogether? Give people loans with no interest? That's nonsense. The financial loan system works, and every economy experiences recession at some point. Economies also get out of recession and have periods of prosperity. The current financial crisis is way, way more complex than you make it out to be and to say that it's the product of banks giving loans simplifies it to a point that's simply misleading.
quote:
£1,000,000,000 is added by the treasury into the UK economy. It is distributed to the banks. This £1,000,000,000 is then leant out on loans, mortgages etc. to us but as the bank isn't out to look after the general populace but to make a profit this is leant out at a 10% interest rate. That means £1,100,000,000 is owed back. But only £1,000,000,000 is actually available in the system to repay this debt. This means 1 in 10 people will be bankrupted, forced to sell their possessions and lose their home. It is impossible for this debt to therefore be paid as their is simply not enough money to actually play it. The bank therefore requests extra money be pumped into the economy by the treasury. The circle once again continues. The debt stacks up the more money is actually pumped into the countries economy.
This is pretty much just wrong. You should look at how central banks work. Theres more money than just what the treasury injects at a certain point in time. Yes, people default on loans, but it's not by design, it's due to personal failure. Are there problems with giving loans to people who won't repay them? Sure - but that's a corruption of the system, not a flaw in the system itself. When you say only £1,000,000,000 is available to repay the debt... that's just not true, unless you have some strange economy that was previously entirely devoid of currency... The banking system creates wealth and encourages the growth of infrastructure... it's not this monster bent on the destruction of the poor as you make it out to be.
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Edited by - Meph751 on 2008/10/09 07:42:11 |
mitchy_boy
Senior Member
Australia
381 posts
Joined: Sep, 2006
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Posted - 2008/10/09 : 08:44:00
quote:
Originally posted by Meph751:
The banking section of your rant is kind of flawed. What do you propose we do, remove banks altogether? Give people loans with no interest? That's nonsense. The financial loan system works, and every economy experiences recession at some point. Economies also get out of recession and have periods of prosperity. The current financial crisis is way, way more complex than you make it out to be and to say that it's the product of banks giving loans simplifies it to a point that's simply misleading.
quote:
£1,000,000,000 is added by the treasury into the UK economy. It is distributed to the banks. This £1,000,000,000 is then leant out on loans, mortgages etc. to us but as the bank isn't out to look after the general populace but to make a profit this is leant out at a 10% interest rate. That means £1,100,000,000 is owed back. But only £1,000,000,000 is actually available in the system to repay this debt. This means 1 in 10 people will be bankrupted, forced to sell their possessions and lose their home. It is impossible for this debt to therefore be paid as their is simply not enough money to actually play it. The bank therefore requests extra money be pumped into the economy by the treasury. The circle once again continues. The debt stacks up the more money is actually pumped into the countries economy.
This is pretty much just wrong. You should look at how central banks work. Theres more money than just what the treasury injects at a certain point in time. Yes, people default on loans, but it's not by design, it's due to personal failure. Are there problems with giving loans to people who won't repay them? Sure - but that's a corruption of the system, not a flaw in the system itself. When you say only £1,000,000,000 is available to repay the debt... that's just not true, unless you have some strange economy that was previously entirely devoid of currency... The banking system creates wealth and encourages the growth of infrastructure... it's not this monster bent on the destruction of the poor as you make it out to be.
Nope it's a monster. They plan for people to default, and if they don't they don't seem to be doing much to avoid it. At the end of the day it's all about profit, they don't care about us. Their a pack of *******s
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