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PROTESTS AGAINST CORPORATE greed have been taking place in cities across the world in recent weeks, from Dublin to Manila.
The Occupy Wall Street protests being held in New York are being cited as having inspired discontented citizens – angry about having to shoulder the costs of risky fiscal behaviours by those in power - to take to the streets.
We’ve taken a look at some of the demonstrations taking place…
I support the general ideology of it, but what’s their actual plan? Who can even address their protests? Do they expect rich companies to shut themselves down? “what do we want! ” “we don’t know” “when do we want it?” “NOW”!
Check this out from the OWS protesters, maybe it will help to answer your question
https://sites.google.com/site/the99percentdeclaration/
How about this,
Financial responsibility should be rewarded, irresponsibility punished.
Let me explain,
A person who pays all their bills on time, pays their credit card before interest is applied, has paid off any loan taken before the due date, and has no outstanding debt – is penalised in terms of their credit rating. Surely that should be the top credit rating – eg, we know you will pay it back, all the evidence shows that..
On the flipside, the more debt you are in, the more you switch credit cards to try and avoid paying, the worse you are at paying back – the more likely you are to be approved for loans, credit card limit increases etc..
So, the more you prove that you can accrue interest, the more likely the bank are to give you money. The less likely you are to pay it back, the more loans will be thrown at you. I see it daily.
THIS is the problem. Fiscal responsibility has been shunned in favour of carelessness. And this is why we have so many people backing out of mortgages etc – the banks WANTED people who couldn’t pay, that was their criteria for lending..
I have no debt, I have been responsible about paying my way – and the bank won’t touch me with a barge pole. But I’m expected to shoulder the debt of others, whereas someone who has no job gets unsolicited offers for loans from their bank frequently.. Can someone please explain the sense in that?
The banks should fail. It’s their mess, let THEM resolve it, let THEM and all those venture capitalists pay their own debts. In fact, perhaps everyone should pay their own debt and their own debt ALONE.
Well said!
I should point out, I was refused a small increase in my credit limit for an emergency last year.
I asked a friend – who worked in debt collections in BOI, why I couldnt seem to get an increase, despite my perfect credit history, and their response was;
“banks hate customers like you”
Sums it all up for me really..
Mega banks created by the state and need to be broken up to allow recovery.
http://www.zerohedge.com/contributed/only-way-save-economy-break-giant-insolvent-banks
It’s a spark that is needed to fan the flames of the fire that is needed for the pheniox to awake in the people around the world. What do we want? We want an even distribution of wealth, for health care and education. The rich took a gamble on stocks and bonds, they failed it lost, but we pay the piper.
Is there any #occupy protests in Germany. Just wondering that all. There really been asked to pay for everyone.
so true jibber…. all we want is to be treated fairly… and not to have to pay for the excesses of others.
Cormac
There are several #occupy sites in Germany.
They are not being asked to pay for everyone, however that perception is out there.
If you look how this thing is broken down.
It was the banks recklessness that drove Eire out of the bond markets.
We were running on a 20million deficit – soverign debt.
We were priced out of the bond markets because based on the banking situation
the market didnt believe we were going to be able to pay back future loans.
So, we had to borrow.
The ECB and others loaned us it.
The ECBs part of the money is being part backed up by the German taxpayer.
As we get each tranche of money, the majority of it goes to repaying our private banks bondholders.
I would recommend looking at this website. It shows how much money is due to be paid and when http://bondwatchireland.blogspot.com/
Bear in mind, it’s private gamblers debt, not mine or yours, nor is it my childrens nor your childrens.
A large portion of ‘our’ banks bondholders are
French and German private banks.
Are you starting to see this?
Why do you think they are insisting that the loan they are giving us is BASED
on Eire paying back the bondholders.
Because if we didnt, their private banking crisis would be a lot lot worse.
So
I hope you understand that in fact it is us, Irish folk, who are
bailing THEM out,
NOT the other way round.
THE BANKS HAVE WON
There’s one here in Frankurt, outside the European Central Bank. I walk past it now an then, nice atmosphere down there I must say, no violence, just a good old meaningful protest!
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