Protest 15th Dec 2010

Is mise le key

Howdy all,

Not sure where to post this so if this is not the right place by all means move it to the relevant forum,

For anyone who disagress with the IMF sell out to be voted on this Wednesday i urge you to read the attached doc.
No scaremongering involved just the reality of the alternative & why a default is not the end of the world as we knoow it & you be led to beleive.
The key is,

Fractional reserve lending

This shows how & why we can default on the majority of the 'debt' of the Irish Private banks.

Saila

your not understanding fractional reserve lending

orourkeda

Does the IMF bailout help avoid bankruptcy or simple help us on our way.

Is mise le key

Saila wrote: »

your not understanding fractional reserve lending

IOU

thebigbiffo

i dont like the look of all those abbreviations at the bottom of the notice...once more, the unions who try screw me also try and get my support.

edit: i'm no economist or banker - but how exactly is fractional reserve banking supposed to replace IMF funding. sounds to me like it's got f'uck all to do with bankrupt banks

Saila

Is mise le key wrote: »

IOU

you owe me what now?

Wazdakka

To hell with all this protesting, it's going to do bugger all anyway.

You guys can keep your crappy country... I'm getting the hell outta here as soon as I can.

ABANDON SHIP!!

Is mise le key

thebigbiffo wrote: »

i dont like the look of all those abbreviations at the bottom of the notice...once more, the unions who try screw me also try and get my support.

Ah yes you obviously think that the entirety of the union's are as rotten as the leadership, you wont change annything by cribbing that you dont like the bosses.

chin_grin

Is mise le key wrote: »

Ah yes you obviously think that the entirety of the union's are as rotten as the leadership, you wont change annything by cribbing that you dont like the bosses.

Power. It..........changes a man. Mostly for the worst. <far away stare>

thebigbiffo

Is mise le key wrote: »

Ah yes you obviously think that the entirety of the union's are as rotten as the leadership, you wont change annything by cribbing that you dont like the bosses.

i'm not in a union - they dont represent me and in fact their whole mission is to try screw me more so to hell with them.

there's not much to change anyway - the country's skint. time to just get on with it imo. anyway, the public service wage bill should have been slashed along with social welfare - i'm fairly confident my opinions on this would get me a kicking at your protest.

Saila

thebigbiffo wrote: »

- but how exactly is fractional reserve banking supposed to replace IMF funding. sounds to me like it's got f'uck all to do with bankrupt banks

fractional reserve lending is a part of the reason we are in the mess, sounds like this guy is adding 2+2 and getting 15.

Blitzkrieger

Protest on Wednesday? Sorry, I can't afford the time off work....

Is mise le key

Saila wrote: »

fractional reserve lending is a part of the reason we are in the mess, sounds like this guy is adding 2+2 and getting 15.

No im not, re read the most relevant part of my original post,

Is mise le key wrote: »

This shows how & why we can default on the majority of the 'debt' of the Irish Private banks.

Now that is the fact which would then leave us with far less to deal with by way of potentially looking for loans. If we took the majority of the banks debt off the books we would be in a far better postion to try & fund our ailing country & nnot allow external crooks in to run the show for their own private interests.

When did Private companies losses become national debt anyway??

And even attempt to say 'Systemic'.

Oh yes to add to all this,

1. I am not a member of any union
2. I am lucky enough to still be working

IM0

Is mise le key wrote: »

No im not, re read the most relevant part of my original post,

When did Private companies losses become national debt anyway??

your missing some or most of whats needed in order to understand the bigger picture here bottom line is
when the government guaranteed them, thats why we are in the mess, they guaranteed an open cheque effectively
they wont be private companies for much longer

OutlawPete

What the did Status Quo ever do to anyone?? :mad:

Is mise le key

me@ucd wrote: »

your missing some or most of whats needed in order to understand the bigger picture here bottom line is
when the government guaranteed them, thats why we are in the mess, they guaranteed an open cheque effectively
they wont be private companies for much longer

Yes but even when they unfortunatley become nationalised, it is then that we need political leaders with the balls to tell the 'bondholders' that they cannot have 100% of what is owed on paper.

Just so we know who the 'bondholders' are we speak of here.

Dravokivich

fractional reserve lending...

wohooo we all saw that rte clip on youtube. please give us something else to be disgruntled about.

Is mise le key

OutlawPete wrote: »

What the did Status Quo ever do to anyone?? :mad:

Inflict repetitive strain disorder on guitar players worldwide!!!

Damn you three chord trick rockers.:D

Is mise le key

Dravokivich wrote: »

fractional reserve lending...

wohooo we all saw that rte clip on youtube. please give us something else to be disgruntled about.

Drink prices going up before christmas.

Dravokivich

Is mise le key wrote: »

Drink prices going up before christmas.

drink prices vary from pub to pub as is. with drink also being a luxury.

why would.i be disgruntled over that?

IM0

OP what is you're point? you posted about fractional reserve lending, then gave a pdf which was just a poster for your protest with fractional reserve lending linking to google

IM0

Is mise le key wrote: »

Inflict repetitive strain disorder on guitar players worldwide!!!

Damn you three chord trick rockers.:D

yeah nevermind burning the bond holders, Id settle for burning the Quo

Guill

How can the country afford to have people take time off work on a wednesday to walk around Dublin? Jeasus Christ.
Why not saturday?
Oh yea, they tried that, but when the Unions bussed everyone up from the country they all went shopping instead! Ha, love it.

Is mise le key

me@ucd wrote: »

OP what is you're point? you posted about fractional reserve lending, then gave a pdf which was just a poster for your protest with fractional reserve lending linking to google

Your in UCD & you need me to explain the link between,

Fractional reserve lending
The debts of the Irish banks
The imminent loan from the IMF
The irish people paying for it all

Words fail me if you are genuinley looking for me to explain how these are all intertwined & why it is staring us in the face that the burden does not have to be anywhere near as severe on us than is about to be imposed.

Recession only hurts the poor, not the rich.

Guill

me@ucd wrote: »

yeah nevermind burning the bond holders, Id settle for burning the Quo

Lets March against Status Quo!

http://rlv.zcache.com/the_status_quo_sucks_bumper_sticker-p128021154289244775tmn6_210.jpg

Is mise le key

Guill wrote: »

How can the country afford to have people take time off work on a wednesday to walk around Dublin? Jeasus Christ.
Why not saturday?
Oh yea, they tried that, but when the Unions bussed everyone up from the country they all went shopping instead! Ha, love it.

I work, always have & will be working this wednesday........its at 6pm.

Oh yes & im not a union member to point out again.

Guill

Is mise le key wrote: »

I work, always have & will be working this wednesday........its at 6pm.

Oh yes & im not a union member to point out again.

Thats way too close to my bedtime.

Pompey Magnus

Serious question: After Iceland went tits up and defaulted on its debt where did they get the money to run the country day to day? Is the fact that we are in the Eurozone causing us to have very limited options on what we can do?

IM0

Is mise le key wrote: »

Your in UCD & you need me to explain the link between,

Fractional reserve lending
The debts of the Irish banks
The imminent loan from the IMF
The irish people paying for it all

Words fail me if you are genuinley looking for me to explain how these are all intertwined & why it is staring us in the face that the burden does not have to be anywhere near as severe on us than is about to be imposed.

Recession only hurts the poor, not the rich.

I know how the system works okay, Im not the one suggesting people go on strike on the 15th Dec, Im trying to see if you know what your talking about or actually like I have said above, are adding 2+2 and getting 15.

so do expalin your points

thebigbiffo

Is mise le key wrote: »

Your in UCD & you need me to explain the link between,

Fractional reserve lending
The debts of the Irish banks
The imminent loan from the IMF
The irish people paying for it all

Words fail me if you are genuinley looking for me to explain how these are all intertwined & why it is staring us in the face that the burden does not have to be anywhere near as severe on us than is about to be imposed.

Recession only hurts the poor, not the rich.

i'm not in UCD, please explain it to me?

Pompey Magnus wrote: »

Serious question: After Iceland went tits up and defaulted on its debt where did they get the money to run the country day to day? Is the fact that we are in the Eurozone causing us to have very limited options on what we can do?

first question: markets - same as anywhere else. but they had their own currency which they could de-value.

second: yes

Guill

STRIKE!!!!!!


<Downs tools and walks off site>