People are fed up world wide with cuts that affect common people and giving everything away to-

"People are fed up world wide with cuts that affect common people and giving everything away to the neo-con billionaire crowd."

www.walesonline.co.uk...


I can't wait until protests in this country get going this summer in the U.S. like they have been around the world.


People are fed up with :asinine free trade agreements :the undermining and out right outlawing of collective bargaining :the cutting of commoner's entitlements so tax breaks for the wealthy can be handed out along with enabling insanely high military budgets :the tolerance of gangster racketeering in the oil markets causing us to pay four times more for energy than what it would cost if the free market was able to function on its own without influences of market manipulations.

Let the Aeon of Destruction begin.

reply to post by AnimositisominA


Sure, I can dig it

preach on!!!!!

I have a feeling "they" want us to riot

edit: I vote Passive resistance

What is even more annoying about these developments is the numerous people who freaking support the measures. They mistakenly believe that tax breaks for the rich will create more jobs. Well it may a little, but in the end there is far less tax being paid into the public purse when wealth is concentrated in fewer and fewer hands - it means less tax and a depleted public purse. Then you are made to feel like such a selfish *^%$# if you can't get a job and live on food stamps. Like don't you dare eat, that's reserved only for the priviledged in society. Someone mentioned elsewhere in another thread that it is not so much a food shortage, but a food distribution problem. Ah ha! Well let's not redistribute food to those going hungry, it might mean a socialist country is coming into form!

reply to post by LilDudeissocool


they are few and we are legion!!! and we got the streets suckaaaazzzz!!!!! caaaaannnn yooouuuu diiiiggg iiitttt!!!!!!!

Originally posted by thegoods724
preach on!!!!!

Will do.

Originally posted by el1jah
I have a feeling "they" want us to riot

edit: I vote Passive resistance

edit on 27-3-2011 by el1jah because: (no reason given)

One way you can use passive resistance. Write to President Obama and demand as a citizen being raped at the gas pump to appoint someone to the board of the U.S. Commodity Futures Trading Commission (CFTC) that will vote to reinstate position limits so speculators can't use offshore hedge funds to pump up, that is, bid long out of the realm of market norms, energy futures anymore.

reply to post by surrealist


What's that Royal Family costing the Brits these days I wonder?

reply to post by CUJOCREEP


If you live in the UK, and you're speaking on behalf of your fellow citizens, I say, "PROTEST PROTEST BROTHERS AND SISTERS! KEEP THE STREETS! They belong to you.

reply to post by LilDudeissocool

People are fed up with :asinine free trade agreements :the undermining and out right outlawing of collective bargaining

I'm all for collective bargaining, IN THE PRIVATE SECTOR. No one institution representing a group of people paid through taxation should be able to bargain for more tax payer money, EVER. Nor should government employees make more than private sector employees.

the cutting of commoner's entitlements so tax breaks for the wealthy can be handed out along with enabling insanely high military budgets

Entitlements are a problem. I'm not saying the problem isn't fixable, it is. But we have to adhere to some reality here. We can't just say that entitlements are off limits when we have a problem financing and maintaining these programs. Reform and a little sacrifice is a MUST.

As for the military budgets. There are plenty of places in the military that can be cut down to size or eliminated altogether without hurting those in service to our country and without hurting our ability to maintain the edge on our potential adversaries.

the tolerance of gangster racketeering in the oil markets causing us to pay four times more for energy than what it would cost if the free market was able to function on its own without influences of market manipulations.

Tell that to OPEC. I'll stand outside the chambers and wait for their hearty laughter.

OPEC could care less. They know the US lacks to political will to drill for it's own oil, and we will continue to be dependent on Middle Eastern oil for the foreseeable future. Also, while you're at it, go talk to the Fed and ask them why the hell they keep devaluing the dollar. That along with OPECs insistence on driving the price of oil upward is part of the problem. And we're here dreaming of the day, long, long in the future, when we can replace an economy driven by oil with something else.

People think it's all about gas, but oil is in nearly everything we have, we need to figure out how we're going to produce OUR OWN oil while we work on transitioning what we can out of it.


reply to post by AnimositisominA

Let the Aeon of Destruction begin.

If this is what protesting means to you then I'll be sure to stand on the opposite side of where ever you are.

What would be humorous if it weren't so tragic, is the fact that these 'protesters' that you feel solidarity with are essentially fomented by paid agents of the rich billionaire elite that you pretend to hate. I say 'pretend' because in fact you've voted and probably support almost every deception they've foisted upon western civilization.

I state this with some confidence since the entire Middle East uprising was predicted two years in advance by Lindsey Williams, and we have the documentation to prove it. (Visit Alex Jones' site as an example). The purpose of this uprising is to raise the price of oil and collapse the US dollar and its economy. The working poor will suffer the most from this, though the oil barrons will get even richer.

Now even if your fondest Marxist dream came true and you were able to 'redistribute' the wealth of the entire world, you would now have less than $9000 total to your name. You would be homeless and no prospects for getting a job or having any food.

Therefore I recommend a better model that produces real prosperity for the most number of people. That model is small government, free market capitalism. The same model that made America the greatest and most productive country in the world until the banksters decided to bring it down. Unfortunately to make it work, to minimize the interference of monopolies and corrupt self serving governments, you need a moral foundation for the citizens. That too was destroyed by the elite, when they wiped out faith In Jesus throughout the Western world. We are now receiving exactly the government we deserve, abject tyranny and feudalism.

May your chains rest lightly on you.

Originally posted by projectvxn
reply to post by LilDudeissocool

 

Also, while you're at it, go talk to the Fed and ask them why the hell they keep devaluing the dollar.

How does that work exactly? Before I go on replying to the rest of your content I want to concentrate on this particular point first before anything else for purposes of conversational simplification.

You seem to suggest that the Discount Window releases more money that the 12 member banks take in through deposits. CDs. Is this true? If so please explain to me how that is accomplished? Is it that you are talking about the mechanism that allows for liquidity as raw materials are being converted into finished goods and the fall out serves that are functioning in support through the conversion processes? That's usually always around two percent, but when the finished goods are finally sold the economy catches up to the extra liquidity that was released prier. Without maintaining liquidity the market would seize.

reply to post by SevenThunders


You seem to be grossly misinformed.

reply to post by LilDudeissocool


No they do it through debt monetization.

For instance:
Fed Holdings of U.S. Treasuries Surpass China's

A bit of recent news that hasn't gotten enough press is the fact that the Federal Reserve has surpassed China in total U.S. Treasury holdings and is now the largest holder of Treasuries in the world. As of last week, China held $896 billion of Treasuries while Japan held $877 billion. The Fed now holds $1.108 trillion and it has not even passed the halfway mark of its second round of money printing, which they call Quantitative Easing.

By June the Fed could own $1.6 trillion of Treasury bonds. The experiment that the Fed has embarked upon is simply unprecedented in this country. So far it has been an abysmal failure. Ten year treasury yields are nearly 120 basis points higher since the Fed announced their second round of Quantitative Easing just three months ago. Food inflation is raging throughout the world, even though Ben Bernanke denies any responsibility for it. Speculation is running rampant as to how much inflation the U.S. will export.

Oh, brother! On the contrary! Wealthy people are fed up with being swindled by the common people. The wealthy people I know believe they are doing the work of "God and pals" and for the "better good" and they truly have worked hard for their darn earned money! The true racketeers are criminals and insane, of course. Quit blaming the "wealthy" folks for the ills of the common folks, who are by far and large, are lazy themselves, refusing to work or regain their self-esteem, for whatever they are worth. It's shameful to put the "guilt trip" on those who want to live honestly without feeding their children and passing on traits of dishonesty and ill-gotten gain to their descendants. You know who you are!

reply to post by projectvxn


Okay, I have an issue with the assertion that the FED is "money printing." The assertion is then hooked to "Quantitative Easing" meaning that a central bank is purchasing bonds issued by its host country that it operates out of. Money issued by the FED has to be matched dollar for dollar to deposits when it makes any type of loan with a two percent tolerance in the short term. That is for every dollar it takes in it can only at the very most loan out $1.02. If they were not accounted for dollar for dollar there would be hyper inflation. There is only inflation currently accounted for beyond the normal .02% that is caused from unregulated commodities speculations offset a little recently with OPEC increases in productions. Point is, in short what I've stated, the FED does not just print money. They base their issuance of new moneys based on their accounts receivables, CDs and loans being repaid. The new moneys that are received from first producers, raw materials and energy producers. There has to be money issued ahead of time so the conversion process can access liquid capital to cover operating expenses. Usually through revolving credit accounts.

There is a lot of disinformation out there dreamed up by media hacks and investment bankers with agendas.

Quote, "Food inflation is raging throughout the world, even though Ben Bernanke denies any responsibility for it."

He is not responsible for it. That's correct because the FED is simply buying Ts with depositor's savings dollar for dollar.

Quote, "Speculation is running rampant as to how much inflation the U.S. will export."

Speculation about speculators more like it. Because that is the root of the problem. Energy costs roughly four times more than what it would cost if normal market dynamics were allowed to function.

Impose position limits on the N.Y. Merc and a lot of that inflation would disappear, if OPEC keeps production high maintaining a healthy gap between supply and demand. There is right now in the energy markets, but there are no position limits, and so off shore hedge funds can feed speculators to bid up ( bidding up long ) energy contracts which are merely price insurances. These inflated prices insurance policies are then used as negotiating levers by energy producers to pressure wholesalers to purchase energy at inflated prices. That's where most of the inflation is originating from.

I'm afraid these protests whether peaceful or violent won't happen. Hundreds of thousands of people died over Bushes lies, yet he was not held accountable, nor were their any riots. The sheep are too tame.


however S&F





All the best,
Jacob

reply to post by LilDudeissocool


Commodities are priced in dollars. Shall we see how much inflation is in commodities?

13 Food Stocks Hit by Commodity Inflation

Inflation in soft commodities is ridiculous.

The 36 percent price increase in canned soup at an East Bay supermarket reminded Susan Duley that grocery and fuel prices are rising, and with no clear explanation.
"Food, gasoline, clothing. Everything is getting more expensive," Duley said recently as she left a Safeway store in San Ramon, her hometown. "It's kind of discouraging."
In mid-March, Duley paid $3.39 for a can of Progresso soup. That topped the $2.52 she paid for the same soup a week or two earlier.
Squeezed by rising food and fuel prices, Bay Area consumers are changing their behavior.
"Gasoline is crazy," said Verina Mitry, a San Francisco resident. "I find myself being forced to take public transit more often. I ride a bike. When I drive, it's all about consolidating trips."
The rising prices could trigger an inflation spiral that would likely impede hiring and crimp spending, economists fear.

What consumers can plainly see is clear to researchers at The Billion Prices Project, which economists Roberto Rigobon and Alberto Cavallo operate at the Massachusetts Institute of Technology. They scan the Internet to track transactions on millions of items a day.
"We are going to get inflation," Rigobon said. "The bill is in the mail."
The Billion Prices Project says inflation is 3 percent higher than a year ago.
That contrasts the federal government's yardstick, which officially estimates that inflation, measured over one year, is at 2.1

Someone is lying. My guess is it isn't the people who go grocery shopping twice a month like my wife and I do.