BREAK IN CASE OF EMERGENCY: How to overthrow the government and break the banks

[The Coup]

And you can do it without bloodshed!

Iceland did this after the GFC, the rest of the world did the opposite: we enslaved all the workers to hand even more money to the bankers who gambled with all of our retirements, and indeed our very social safety nets we'd fought for (against the entrenched rich in case you're wondering who the enemy is) over generations.

In fact it worked so ******* well, that even FOX NEWS recognises it was the correct way to do it (as opposed to austerity, which holds mankind back permanently):

 

[Pie eyed]

And you can do it without bloodshed!

Iceland did this after the GFC, the rest of the world did the opposite: we enslaved all the workers to hand even more money to the bankers who gambled with all of our retirements, and indeed our very social safety nets we'd fought for (against the entrenched rich in case you're wondering who the enemy is) over generations.

In fact it worked so ******* well, that even FOX NEWS recognises it was the correct way to do it (as opposed to austerity, which holds mankind back permanently):

I'm not sure this was a mystery.....our pollies are simply weak.

 

[medusala]

Austerity holds back mankind.

keep the lols coming.

 

[little graham]

 

[Long Live HFC]

lol, of course when you don't pay back what you owe it leaves you in a better financial position

 

[The Coup]

lol, of course when you don't pay back what you owe it leaves you in a better financial position

Well the people of Iceland didn't owe s**t, some dodgy bankers and politicians borrowed a lot of money without telling the people what the ramifications were.

They jailed them as punishment, and sent a powerful message to the banks that Iceland doesn't bow down to corruption.

 

[Long Live HFC]

Well the people of Iceland didn't owe s**t, some dodgy bankers and politicians borrowed a lot of money without telling the people what the ramifications were.

They jailed them as punishment, and sent a powerful message to the banks that Iceland doesn't bow down to corruption.

actually, the people of iceland did owe as it was their government that guaranteed deposits.

 

[Lebbo73]

And you can do it without bloodshed!

Iceland did this after the GFC, the rest of the world did the opposite: we enslaved all the workers to hand even more money to the bankers who gambled with all of our retirements, and indeed our very social safety nets we'd fought for (against the entrenched rich in case you're wondering who the enemy is) over generations.

In fact it worked so ******* well, that even FOX NEWS recognises it was the correct way to do it (as opposed to austerity, which holds mankind back permanently):

This is exactly what should happen. Iceland did it tough because of this for 18 months but they came out the other side stronger than ever. It also sent a message that they wouldn't tolerate risky behaviour, I should say gambling, by their financial institutions.

 

[Lebbo73]

actually, the people of iceland did owe as it was their government that guaranteed deposits.

When governments guarantee deposits, it favours the rich more than the poor, allows the wealth divide between the rich and poor to become greater. The poor don't suffer much from banks crashing. The rich do. Plus, companies should never be guaranteed with taxpayers dollars.

 

[The Coup]

actually, the people of iceland did owe as it was their government that guaranteed deposits.

They decided that government wasn't representative of them

 

[little graham]

When governments guarantee deposits, it favours the rich more than the poor, allows the wealth divide between the rich and poor to become greater. The poor don't suffer much from banks crashing. The rich do. .

I don't believe you. Can you please post relevant stats that show more rich people become homeless than poor people after a bank collapses?

 

[Long Live HFC]

When governments guarantee deposits, it favours the rich more than the poor, allows the wealth divide between the rich and poor to become greater. The poor don't suffer much from banks crashing. The rich do. Plus, companies should never be guaranteed with taxpayers dollars.

that's not the point of what i was saying.

 

[Long Live HFC]

They decided that government wasn't representative of them

irrelevant.

 

[Sydney Bloods]

actually, the people of iceland did owe as it was their government that guaranteed deposits.

and you don't see an issue with governments underwriting private businesses?

no one else in the country is given the luxury of knowing if they * everything the government will bail them out. its a toxic policy. look at the US its debt continues to spiral out of control, what happens to the US if another market crash occurs?

more importantly what would happen to a country that isn't a reserve currency? If we got bitched slapped by an Economic crisis where our banks failed what would our national debt look like? how deep would the austerity measures have to be when we aren't in the position of not actually having to ever pay off our debt like the US?

what would the country look like?

 

[The Coup]

irrelevant.

Clearly it isn't. They got exactly what they wanted. Bad luck for the bankers and scammers in power, good stuff for the people.

 

[The Coup]

and you don't see an issue with governments underwriting private businesses?

no one else in the country is given the luxury of knowing if they **** everything the government will bail them out. its a toxic policy. look at the US its debt continues to spiral out of control, what happens to the US if another market crash occurs?

more importantly what would happen to a country that isn't a reserve currency? If we got bitched slapped by an Economic crisis where our banks failed what would our national debt look like? how deep would the austerity measures have to be when we aren't in the position of not actually having to ever pay off our debt like the US?

what would the country look like?

You think that's bad, compare this:

A student loan or Austudy can never be defaulted on, declared bankrupt or abolished. It stays with you forever.

No matter what your economic situation or inability to pay it back, it will continue to accrue interest, indefinitely, until you die and then the proceeds will be paid by your estate.

A banker can borrow around 1,000% of their banks holdings, * the whole thing up and collect billions in commission and bonuses, and then have the taxpayer (including the student who can't afford to pay back their student loan) pay it off, and keep their job bonuses etc.

Not only that, as a result, that students costs are going to go up in all facets of their life.

Then as part of the "austerity" measures, Chris Pyne privatises your student debt, increasing the interest rate and running costs (great deal for whoever picks up that loan book, an absolutely GUARANTEED TO BE PAID BACK loan that collects interest until the borrower DIES and you have access to their estate, AND they can never get out of it via bankruptcy.

Beautiful.

Will probably get bought by the same bankers who caused the problem in the first place.

Every dollar we give to corporates is taking food off the tables of Australian people. Iceland get it.

 

[little graham]

In Australia banks wouldn't go down without a fight. They have to much to lose here. They take so much money from the poor and middle class, they influence so many things that effect our quality of life for their profit. No one has ever peacefully surrendered a lucrative revenue stream because it was wrong targeting the weak and vulnerable.

If you look at who sits on the boards of Australias banks, you'll find them on just about every board of every media company, energy company ect ect ect.

 

[The Coup]

In Australia banks wouldn't go down without a fight. They have to much to lose here. They take so much money from the poor and middle class, they influence so many things that effect our quality of life for their profit. No one has ever peacefully surrendered a lucrative revenue stream because it was wrong targeting the weak and vulnerable.

If you look at who sits on the boards of Australias banks, you'll find them on just about every board of every media company, energy company ect ect ect.

Our banks are the most profitable in the world for a reason.

Its common in a lot of our industry, we have monopolies - and there is efficiency in that if the income is being distributed fairly.

 

[little graham]

Its common in a lot of our industry, we have monopolies -

Those monopolies serve a purpose, maintain the status quo. We are ,at worse, third richest nation on earth, but we don't have the cultural,population and diplomatic issues the other two have (china and russia) We have an abundance of food water, energy, minerals and spirit. We don't need to import any materials, any resources, any food from anyone.

Those monopolies deny us our power.

 

[The Coup]

Those monopolies serve a purpose, maintain the status quo. We are ,at worse, third richest nation on earth, but we don't have the cultural,population and diplomatic issues the other two have (china and russia) We have an abundance of food water, energy, minerals and spirit. We don't need to import any materials, any resources, any food from anyone.

Those monopolies deny us our power.

Completely agree.

I'm just saying fiat currency vs commodity backed doesn't really make a difference.

Whether you want to call it Communism or Libertarian Municipalism or whatever, Australia would be best served by casting off the foreign monopolies and returning agency of the nation to the people.

 

[The Coup]

As for gold backed currency, what's the difference between that and fiat really?

Gold is more or less useless in the form that people buy it in, worse than useless actually because there are overheads for storing it.

Backing a currency with gold makes less sense than floating it in many ways - at least with the fiat scam instead of the gold scam, currency value is based on underlying economic value to the cartel running the banking system. It isn't ideal but at least you know where you stand.

With gold who the hell knows.

Our country could have zero gold but a great domestic economy and military... wait I've heard that somewhere before.

 

[Long Live HFC]

and you don't see an issue with governments underwriting private businesses?

i'm not making a stand here, i am merely pointing out the facts. of course a country does pretty well when it benefits from heaps of investment during the good times and then avoids shelling out when things go **** up. that should be pretty obvious to everyone. would be like me taking out a loan for a house, not paying the loan back and keeping the house. of course things would look pretty good for me!

more importantly what would happen to a country that isn't a reserve currency? If we got bitched slapped by an Economic crisis where our banks failed what would our national debt look like? how deep would the austerity measures have to be when we aren't in the position of not actually having to ever pay off our debt like the US?

well, if we're being technical the RBA could simply print more money; ergo the amount of debt wouldn't increase. also, the amount of debt caused by the GFC was huge in the US, but TARP was pretty negligible in the long term (as most of it got paid back).

 

[Long Live HFC]

As for gold backed currency, what's the difference between that and fiat really?

Gold is more or less useless in the form that people buy it in, worse than useless actually because there are overheads for storing it.

Backing a currency with gold makes less sense than floating it in many ways - at least with the fiat scam instead of the gold scam, currency value is based on underlying economic value to the cartel running the banking system. It isn't ideal but at least you know where you stand.

With gold who the hell knows.

Our country could have zero gold but a great domestic economy and military... wait I've heard that somewhere before.

agreed. commodity-backed currencies are stupid.

 

[Lebbo73]

The Gold standard works fine for those who don't want to manipulate the supply of money.

 

[Long Live HFC]

The Gold standard works fine for those who don't want to manipulate the supply of money.

it really doesn't. how did the gold standard stop roosevelt? he changed the "standard" on a daily basis.