Cut Benefits to Bankers, Not Public Services
UK Baby boomers ‘must pay for their own elderly care’
The post-war baby boom generation “has done pretty well for itself” and should be prepared to use its property wealth to pay for care in old age, a government adviser has said.
Lord Warner, who is drafting plans to reform the elderly care system, said it would be unfair to expect the working population to foot the bill for looking after their parents’ ageing generation.
He warned that the “squeezed” middle-classes face potentially the greatest burden, amid concerns that it is already too late to help ease the “catastrophic” costs likely to hit the recently retired
I DO NOT THINK THE “BABY BOOMERS” HAVE DONE AS WELL FOR THEMSELVES AS THE POLITIONS HAVE DONE!! CAN I POINT OUT THAT THE BABY BOOMERS HAVE ALREADY PAID FOR THIER OLD AGE! THAT IS WHY THEY CONTRIBUTED TO PENSIONS AND NATIONAL INSURANCE THIER WHOLE WORKING LIFE,WHICH THEY PAID IN “GOOD FAITH” TO THESE VERY SAME POLITIONS!!!…….SO WHERE HAS ALL THE MONEY GONE?!?!?!?!
BAILING OUT UNPROFITABLE AND CRIMINAL BANKERS PERHAPS?
BUT IT SEEMS WE ARE ALL EXPECTED TO PAY FOR OUR POLITIONS PENSIONS!!!!! EVEN WHEN THEY DO NOT TELL US ABOUT THEM!!!!
UK debt is ‘twice as much as we thought’
12 July 2010, 7:37am
The true scale of the national debt is £2 trillion – more than twice the official figure, an alarming study shows.
Burden: Paying for civil service pensions will swell UK debts.
The black hole in the public accounts equates to £78,000 for every household in the country.
The ‘real’ state of the national finances is exposed in a study published today by the Centre for Economics and Business Research, which warns of a series of mammoth debts that aren’t revealed by the official figures.
The national debt – forecast to reach £932m by next spring – does not include a number of expensive liabilities, such as the cost of civil service and town hall pensions and projects funded under the Public Finance Initiative.
Putting these liabilities into the official figure would add £1.13 trillion to Britain’s whopping overdraft, according to CEBR.
Under the worrying scenario, the debt would jump from 62% to 138% of Britain’s income.
In its study, CEBR warned that the Government cannot formulate a plan to revive the economy while the liabilities remain hidden.
Charles Davis, an economist at CEBR, said: ‘Clarity and transparency on the public sector finances has never been more vital in the context of recent concerns over public sector debt, particularly in the advanced economies.’
The report, which found that public sector pensions are by far the biggest liability excluded from the official record, will provide ammunition for the Government as it prepares to slash civil service pay and perks.
Unfunded public sector and local government pension liabilities, which the Government will need to pay in the future, amount to a staggering £1.08 trillion, according to CEBR.
Also written out of the accounts are the full cost of projects financed through the PFI, which by CEBR’s calculation adds a further £43bn. So-called contingent liabilities, such as Network Rail, add £2bn to the total.
Alan Greenspan admits that it was all a scam and fraud……
THE THEFT CONTINUES….
“I think it’s safe to say that 95% of the foreclosure cases in Florida involve some form of fraud on the part of the bank,” David Goldman of Apple Law Firm, PLLC told The Daily Caller in a phone interview. “It’s probably closer to 99%. And the court system is helping them get away with it.”
Robo-signing is a term used by consumer advocates to describe the robotic process of the mass production of false and forged execution of mortgage assignments, satisfactions, affidavits and other legal documents related to mortgage foreclosures and legal matters being created by persons without knowledge of the facts being attested to. It also includes accusations of notary fraud wherein the notaries pre and/or post notarize the affidavits and signatures of so-called robo-signers.
In a follow-up report in 2008, titled “Sue First, Ask Questions Later,” Lavalle detailed the wide-scale practice of robo-signing in the mortgage servicing industry. On page 1 of the report Lavalle states “one of the many predatory servicing practices developed was the use of known false, fraudulent, and forged affidavits, assignments, and satisfactions of mortgages.”
Foreclosure Fraud Documents
You will see several examples of ACTUAL fraudulent documents that were submitted by large, well known banks in court proceedings.
We’re talking crazy-ass, over the top, ridiculous fraud here – Fake people, fake signers, fake documents, false notaries, fake affidavits and EVEN fake banks…
Excellent slideshow presentation – Takes just 2 minutes to skim it all…
WHY HAVE NO FRAUDULENT AND CRIMINAL BANKERS BEEN ARRESTED !?!!?HOW LONG ARE YOU GOING TO PUT UP WITH THIS?
TODAY IT SEEMS ACCORDING TO OUR POLTIONS
WAR IS PEACE (IN AFGHANISTAN AND IRAQ AND POSSIBLY WE WILL BRING PEACE TO IRAN SOON)
SLAVERY IS FREEDOM (AUSTERITY MEASURES ARE STEALING OUR WEALTH)
BUT DO NOT WORRY …….WORK WILL MAKE YOU FREE … SO FORGET ABOUT YOUR PENSION
REPRESENTATIVE GOVERNMENTS, LIE , START WARS , CREATE DEBTS AND KILL THOSE THEY CLAIM TO SERVE. WHILE THE PEOPLE GET LIED TOO, FIGHT THE WARS ,PAY THE DEBTS AND GET BEATEN BY THE POLICE FORCES THAT ARE SUPPOSED TO PROTECT THEM?!?!?!
WE NEED DIRECT DEMCRACY TODAY ,SO WE CAN BRING OUR GUILTY POLITIONS TO JUSTICE!!
Direct democracy, classically termed pure democracy, is a form of democracy and a theory of civics in which sovereignty is lodged in the assembly of all citizens who choose to participate. Depending on the particular system, this assembly might pass executive motions, make laws, elect or dismiss officials, and conduct trials. Direct democracy stands in contrast to representative democracy, where sovereignty is exercised by a subset of the people, usually on the basis of election.
ICELAND AND SWITZERLAND HAVE THIS DIRECT DEMOCRACY SYSTEM. BECAUSE OF THIS NEITHER ARE BAILING OUT CRIMINAL BANKERS OR ARE INVOLVED IN ILLEGAL WARS.
The (Icelandic Direct Democracy) referendum for or against taking over the Ice-save debts unconditionally by the Icelandic tax-payer has brought a clear “No” vote with 93.2% of those who voted, while participation of voters in the referendum was at 62,7%.
Publicly both the British government, as well as the IMF, seem to have mellowed in their rhetoric and ready for a compromise in their demands.
THE ICELANDIC REPRESENTATIVE GOVERNMENTS REACTION? The reaction of 30 Tyrants
In time there eventually were a few other voices to be heard on Icelandic media, but the government itself didn´t budge. No matter what reasonable and respected voices had to say on the matter. The government opposed the idea of a direct democratic decision.
Until the last minute the government had tried to discourage the voters from voting. The Prime Minister and the Minister of Finance both said they would not participate in the referendum. They saw it as a “waste of money” and a “farce”.
This disregard for the very people who had put them into office angered just about everybody who is the slightest bit interested in politics here.
WHY SUCH A RESPONSE FROM THE ELECTED REPRESENTATIVES?
The Icelandic referendum, the voice of the people against the blackmailing power of the international financial elites might now have become precedent for other countries in similar situations.
What the bankers seem to fear above all things is a direct democracy in financial matters.
And no doubt that´s quite a reasonable fear, for such a democracy would lead to more and more people getting informed about financial matters and the money-creation process itself.
The knowledge about this process coupled with the instruments of a direct democracy would lead eventually and without any doubt to a monetary reform and a loss of power for the international bankers.
ICELAND DID NOT JUST SAY NO TO THE BAILOUT !! THEY ARRESTED THIER PRIME MINISTER FOR TRYING TO SELL THE PEOPLE INTO DEBT SLAVERY!!!!
The Protest Movement. Financial Fraud in Iceland
by Rady Ananda
As proceedings begin against Iceland’s former Prime Minister, Geir Haarde, for the banking crisis of 2008, at least two thousand Icelanders took to the streets in two days of protest this weekend. Iceland joins over a dozen other nations protesting economic measures taken out on the public while banks and large corporations receive bailouts.
AS WELL AS THE CRIMINAL BANKERS
Iceland: Int’l Arrest Warrant Against Top Bank Official
by Lowana Veal (reykjavik)Wednesday, May 12, 2010
Inter Press Service
Vigorously pursuing those allegedly responsible for Iceland’s 2008 financial crisis, investigators have got issued an international arrest warrant against Sigurdur Einarsson, chairman of the board of governors of the failed Kaupthing Bank.
An Interpol notice on Tuesday said Einarsson was wanted on charges of counterfeiting, forgery and fraud.
Einarsson, who lives in London, was said to be reluctant to come to Reykjavik for fear of being arrested and Icelandic authorities have refused to offer any assurances.
Yet another day of Iceland banking arrests
Posted on11 May 2010.
Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells.
Bankers jailed, sued as Iceland seeks culprits for crisis
Since Iceland’s three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
But the publication last month of a parliamentary inquiry into the island nation’s profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken “inappropriate loans from the banks” they worked for.
On Wednesday, the administrators of Glitnir’s liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.
Banks just too big to fail? Iceland shows otherwise
By Yalman Onaran
Unlike other nations, including the US and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks, whose assets had ballooned to US$209 billion, 11 times gross domestic product
But with the economy projected to grow 3 per cent this year, Iceland’s decision to let the banks fail is looking smart.
“Iceland did the right thing by making sure its payment systems continued to function while creditors, not the taxpayers, shouldered the losses of banks,” says Nobel laureate Joseph Stiglitz, an economics professor at Columbia University in New York. “Ireland’s done all the wrong things, on the other hand. That’s probably the worst model.”
Ireland guaranteed all the liabilities of its banks when they ran into trouble and has been injecting capital – €46 billion so far – to prop them up. That brought the country to the brink of ruin, forcing it to accept a rescue package from the European Union in December
Still, countries with larger banking systems can follow Iceland’s example, says Adriaan van der Knaap, a managing director at UBS.
“It wouldn’t upset the financial system,” says Van der Knaap, who has advised Iceland’s bank resolution committees. “Even Irish banks aren’t too big to fail.”
JUST TO PROVE THE MSM AND REPRESNTATIVE POLITIONS ARE LIARS AND SPIN EVERYTHING. HERE IS BLOOMBERG AND THE ICELANDIC PRIME MINISTER CLAIMING THE SUCCESS OF THE ICELANDIC SOLUTION!!
Iceland Is No Ireland as State Free of Bank Debt, Grimsson Says
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.
“The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
FYI .IT WAS “THE PEOPLE” AND “DIRECT DEMOCRACY” THAT SAVED ICELAND ,NOT “THE GOVERNMENT” AND “REPRESENTATIVE DEMOCRACY”.
THE ICELANDIC PRIME MINISTER THAT REPLACED THE ARRESTED PRIME MINISTER ,DID NOT UNDERSTAND THAT THE PEOPLE HAD SAVED ICELAND. SHE THOUGHT SHE WAS THE ICELANDIC RULER ,NOT A PUBLIC SERVANT. SHE HELPED BIG BUSINESS AND LEFT THE PEOPLE TO FEND FOR THEMSELVES…….SHE WAS RUN OUT OF PARLIMENT BY A TORCH BARING LYNCH MOB!!!
When Parliament returned from recess on October 1st, they were met by a loud, angry crowd who tossed eggs, bread, dairy products and keys at them. People slept outside the Parliament building the night before its return session. Icelanders condemn the injustice of large companies and their CEOs having had their debts forgiven by government, while theirs are not.Icelanders are also angry that only the former PM is being charged. One commenter on the Ice News article noted, “Is this not a total betrayal of the people?” And criminal, to reasonable minds.
Eggs hit Prime Minister, Jóhanna Sigurðardóttir, who rode into power as Iceland’s most beloved political leader with a 75% approval rating.
FORTUNATELY THE NEXT ICELANDIC PRIME MINISTER UNDERSTANDS WHAT TRUE DEMOCRACY IS…..LET THE PEOPLE DECIDE!!
Iceland to Hold Referendum on Law to Repay $5 Billion U.K., Dutch Deposits
Iceland’s President Olafur R. Grimsson refused to sign a $5 billion accord struck in December with the U.K. and Netherlands to repay foreign depositor losses and said the bill must instead be put to a referendum.
IF WE HAD DIRECT DEMOCRACY WE COULD DO THE SAME TODAY.
IT JUST PROVES PEOPLE POWER IS LESS CORRUPT AND MUCH BETTER THAN REPRESENTATIVE DEMOCRACY AKA ELECTED DICTATORSHIPS!! BUT POLITIONS JUST LIE AND LIE AND THE MSM JUST REPEATS IT!!
UNFORTUNATELY THE UK, USA AND EU ARE ALL “REPRESNTATIVE DEMOCRACIES” , IN THE SAME WAY A PHOTO REPRESENTS AN OBJECT , BUT IS NOT THE OBJECT!!! ITS ACTUALLY AN “ELECTED DICTATORSHIP”! WE CANNOT BRING OUR “PUBLIC SERVANTS” TO TRIAL! AS THEY RULE BY DICTATES AND ARE ABOVE THE LAW……THEY ARE DICTATORS!!!
IN THE UK AND USA AND THE EU ,OUR REPRESENTATIVES HAVE DECIDED FOR US ,AND WE ARE TO GIVE OUR SAVINGS TO UNPROFITABLE AND FRAUDULENT BANKERS. WE ARE TO WORK LONGER AND HARDER TO PAY OFF DEBTS WE DID NOT CREATE OR EVEN BENFIT FROM!
CURRENT ESTIMATES ARE THAT THE FEDERAL RESERVE HAS PRINTED UP AND “LOANED” THE US GOVERNMENT $12.3 TRILLION TO GIVE TO WALL STREET TO BUY BACK THE FRAUDULENT MORTGAGE-BACKED SECURITIES. GIVEN THAT THESE ASSETS, CODE NAMED “TOXIC” TO CONCEAL THEIR CRIMINAL ORIGINS, CAN NEVER GENERATE A RETURN, THE TAXPAYER IS ON THE HOOK FOR ALL THESE TRILLIONS. THIS VIDEO, FROM WHEN THE BAILOUTS ONLY TOTALED $2 TRILLION, UNDERSCORES THAT THE FEDERAL RESERVE IS JUST HANDING OUT THE MONEY TO WALL STREET WITHOUT ANY REGARD FOR WHERE IT IS REALLY GOING.
THE SYSTEM WE HAVE IS STATE CAPITALISM
State capitalism has various different meanings, but is usually described as a society wherein the productive forces are controlled and directed by the state in a capitalist manner, even if such a state calls itself socialist. Corporatized state agencies and states that own controlling shares of publicly-listed firms, and thus acting as a capitalist itself, are two examples of state capitalism
OF COURSE THIS IS JUST FASCISM!!
Fascism should more appropriately be called corporatism because it is the merger of state and corporate power.
Benito Mussolini, fascist dictator of Italy (1922-1943)
ONE SIDE LIKES BIG GOVERNMENT (LEFTWING AUTHORITARIANS) THE OTHER BIG BUSINESS (RIGHTWING AUTHORITARIANS). THEY BOTH HAVE THE SAME LOBBY GROUP BACKERS. WE ONLY GET TO VOTE FOR THE CHEERLEADER!!
IF VOTING COULD CHANGE ANYTHING THEY WOULD BAN IT! THAT IS WHY WE DO NOT HAVE A DIRECT DEMOCRACY AND NO POLITION WILL EVER MENTION IT ON MSM!!!…CAN YOU IMAGINE A POLITION VOLUNTERILY GIVING UP POWER?
WE HAVE BEEN HERE BEFORE , PLEASE TAKE ANDREW JACKSONS ADVICE!
“Never take counsel of your fears.”
The Jacksonians opposed government granted monopolies to banks, especially the national bank, which was a central bank known as the Second Bank of the United States. Jackson fought to end the government monopoly to the Bank and got great opposition from Nicholas Biddle, the bank chairman. Biddle first dismissed Jackson efforts, but as the initiative gained popular support, he got more concerned. There was an attempt to murder Jackson at that time but the pistols failed. Jackson would later claim that he had proof the bankers were behind this attempt. Jackson was able to gain popular support because the Bank money manipulations and inflation had created a big recession, and it had inflated land prices, benefiting big land owners and stopping economical development. In a last attempt to stop Jackson, Biddle burst the bubble his inflationary policies had created, and brought about a deflationary correction. This put pressure on Jackson, but after a year of recession, the economy was clean by the deflationary correction, and the Bank was out of “ammunition”. Jackson had won the battle. The Bank continued his operations as a state bank, but had to close years after. Once retired, everytime Jackson was asked what was his biggest achievement as president he answered: “I killed the Bank”.
ANDREW JACKSON was the ONE president that CLEARED AMERICAN DEBT ,when faced with financial ruin How did he manage it?
“The Bank is trying to kill me, but I shall kill it!”
ANDREW JACKSONS VIEW OF THE BANKS….NO BAILOUT.
“You are a nest of vipers and thieves, and by the grace of the almighty God, I will root you out!”
ANDREW JACKSON’S VIEW ON CORPORATIONS
Corporations have neither bodies to kick nor souls to damn.
ANDREW JACKSONS VIEW ON THE BRIGHTEST AND THE BEST
Hemans gallows ought to be the fate of all such ambitious men who would involve their country in civil wars, and all the evils in its train that they might reign & ride on its whirlwinds & direct the Storm– The free people of these United States have spoken, and consigned these wicked demagogues to their proper doom.
NO BAILOUT ,ARREST CRIMINAL BANKERS AND POLITIONS.
THERE IS NO REASON PAST OR PRESENT WHY WE SHOULD BE BAILING OUT UNPROFITABLE BANKERS!!
A LESSON FOR THE BRIGHTEST AND THE BEST. CAPITALISM EXPLAINED its not that difficul;t , so you see we do not need the brightest and the best.
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable resources controlled by healthy corporations or entities
FINANCIAL NEWSFLASH WESTERN BANKERS ARE CRAP AND CRIMINAL!!
UK , US ,Dutch and Icelandic banks found to be IRRESPONSIBLE AND UNPROFITABLE!!!!! Therefore they get liquidated and thier assets go on sale. Bankers go for re-education and find a new PRODUCTIVE job . May I suggest street sweepers as bankers seem to be used to handling large amounts of rubbish! No offence meant to the tireless individuals that keep our streets clean!
FINANCIAL SPOKESPERSONS RESPONDS
Financial Spokesperson No.1
“ROOLS?!?! We don’t need no stinkin ROOLS!!!”
Financial Spokesperson No.2
“OK everybody , just give us the money and no-one will get hurt!!!”
THESE ARE THE PEOPLE WE ARE HANDING OVER OUR PENSIONS AND OUR FUTURES TOO!!!!
DIRECT DEMOCRACY TODAY!!!!